Energy Economy

SCI announced that figures from the last month of the local calendar show that point-to-point inflation rate has decreased by 6.6 percent in comparison with a month earlier. signaling that the country is doing well in the face of the US sanctions.

Governor of the Central Bank of Iran Abdolnasser Hemmati underlined ineffectiveness of the US sanctions against the country. specially the new embargos against the CBI.

Iran has exported some $3.9 billion worth of goods and services to neighboring Iraq in the first five months of the current Iranian year which started on March 21. which marks a 13% increase. an official said.

The Director General of Sistan and Baluchestan Ports and Maritime Organization Behrouz Aghaei said on Monday that 29 domestic and foreign companies have voiced readiness to invest in Shahid Beheshti Port of Chabahar.

All developed countries try to provide a safe environment for foreign investors through increasing incentives.

Simec Atlantis Energy remains in a good financial position despite reporting more than £3 million in pre-tax losses for the first half of 2019. according to the boss of the Highland tidal firm.

Abdolnaser Hemmati said that the recent US move to re-impose sanctions against the CBI. which has been already sanctioned. proves that Washington is left with no leverage to pose further pressure against Tehran.

Statistics show that Iran’s second-largest car manufacturing company ``SAIPA`` manufactured 147.588 vehicles in the first five months of the current year (March 21 – August 21).

Iran’s national currency. the rial. has kept its value against other currencies. signaling strength in the face of the new rounds of US sanctions against Tehran which were announced on Friday.

Around 6GW of projects have been awarded contracts. with offshore wind projects set to be delivered for as low as £39.65 MWh.