Energy Economy

A senior Iranian trade official said that the economic exchanges between Tehran and Damascus can grow 10 fold given the two countries'. potentials and friendly ties.

The move will give councils. developers and a range of other organisations the change to pitch for large-scale sustainable investment.

High-ranking Iranian and Chinese officials in a meeting in Tehran reviewed avenues to further broaden relations between the two countries in customs and trade fields.

Iranian Minister of Industry. Mine and Trade Reza Rahmani stressed that Washington'.s attempts to isolate the country have all proved useless. referring to Iran'.s temporary membership in the Eurasian Union.

Iran’s non-oil exports reached 61 billion dollars over past 18 months.

Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said that foreign exchange reserves of the country increased in the past year (ended March 20. 2019).

Last week. Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September.

In its latest report. World Bank (WB) forecast that Iran’s economy will move out of downturn in 2020.

Iranian President'.s Chief of Staff Mahmoud Vaezi and Azeri Minister of Labor and Social Protection of Population Sahil Babayev in a meeting in Tehran underlined the need to broaden bilateral relations in different fields.

Three main sectors of industry in Iran — manufacturing. mining and petrochemical — were given nearly $10 billion discount in their energy consumption in the last local calendar year. according to a newly released report by the Parliament.