Norway seeks enhanced economic coop. with Iran: deputy FM

Norway seeks enhanced economic coop. with Iran: deputy FM

 Reported by HPMM Group according to MEHR NEWS  ;  Norway hopes the new financial mechanisms, such as INSTEX, will help further boost the level of cooperation between Tehran and Oslo in various economic fields, the Norwegian deputy foreign minister said on Monday. Tore Hattrem made the remarks during the 9th round of Iran-Norway Political Consultations meeting in […]

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US displays ‘schoolyard bullying’ by re-imposing bans on Iran: official

US displays ‘schoolyard bullying’ by re-imposing bans on Iran: official

Reported by HPMM Group according to MEHR NEWS  ; A senior Iranian oil official said that the White House’s re-imposition of sanctions on Iran was US’s “schoolyard bullying” reaction to the new balance of power in the world. “The idea that some countries can offset shortages caused by removing Iran’s crude oil from the market is both politically […]

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Iran sanctions, unrest hit Mideast growth: IMF

Iran sanctions, unrest hit Mideast growth: IMF

Reported by HPMM Group according to DAILY MAIl  ; US sanctions on Iran, rising unrest in the Middle East and North Africa and oil price volatility are dragging regional economic growth, the International Monetary Fund said Monday. The IMF warned in a bi-annual economic outlook report that prospects for the region are “clouded by elevated levels of […]

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What Oil at $100 a Barrel Would Mean for the World Economy

What Oil at $100 a Barrel Would Mean for the World Economy

(Bloomberg) — Surging crude prices are posing another headwind for the world economy after President Donald Trump’s “zero” pledge on Iran oil sales.   Reported by HPMM Group according to INVESTING.COM  ; Brent crude has risen about 40 percent this year and is at the highest in six months. While higher prices due to strong demand typically reflects a […]

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IMF sees risk of 50% Iran inflation on more US sanctions

IMF sees risk of 50% Iran inflation on more US sanctions

DUBAI: Tighter U.S. sanctions against Iran could fuel inflation to the highest level since 1980, according to the International Monetary Fund, as the Islamic Republic’s economy grapples with a weakening currency and tighter U.S. sanctions on oil exports. Reported by HPMM Group according to THE STAR ONLINE  ;  Consumer prices could average 50 percent higher this year […]

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Some $838m worth of flood damage inflicted to Iran’s roads: minister

Some $838m worth of flood damage inflicted to Iran’s roads: minister

 Reported by HPMM Group according to MEHR NEWS   ;  Minister of Roads and Urban Development Mohammad Eslami said that recent flood across the country has inflicted some 35.2 trillion rials ($838 million) worth of damage to the country’s roads and railways. He made the remarks while briefing the Parliament on flood damages in a Sunday open session. Eslami […]

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Syria, Iran, Iraq mull linking railway network :reports

Syria, Iran, Iraq mull linking railway network :reports

 Reported by HPMM Group according to MEHR NEWS   ;    Syria, Iran and Iraq plan to hold a trilateral meeting on the connection of their railway systems into one, media reported citing a source in the Syrian Ministry of Transport.  “Now, the countries are working on the resumption of the project connecting the railways of Syria, Iran and Iraq and are […]

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Impact of Trump’s irrational decisions on oil market

Impact of Trump’s irrational decisions on oil market

 Reported by HPMM Group according to MEHR NEWS   ;   The Brent crude oil on Mon. for the first time in 2019, crossed the $71/barrel threshold, only hours after the US labelled Iran’s elite Islamic Revolutionary Guards Corps a ‘terrorist group’, indicating that the US president, contrary to his tweets, not only was uninterested in stabilizing the oil […]

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Enemies Plotting to Disrupt Iran’s Forex Market, Chief Banker Warns

Enemies Plotting to Disrupt Iran’s Forex Market, Chief Banker Warns

Reported by HPMM Group according to IRAN FRONT PAGE   ;    Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies. Speaking to reporters on Sunday, Hemmati said the previous Iranian year (which ended on March 20) was […]

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