Monthly Archives: August 2019

Iran’s Trade With EU Down 76%

According to a survey by Iran’s Chamber of Commerce, the trade value  between Iran and EU states has fallen sharply in the first half of 2019 as the value of goods traded between Iran and EU declined from 10.7b euros to 20.6b euros which show 76 percent decline. IRAN NEWS ECONOMIC DESK The survey shows the decline has been both in exports and imports. Four countries have been the major destinations for Iran’s exports in Europe

Iran’s Trade With EU Down 76%

According to a survey by Iran’s Chamber of Commerce, the trade value  between Iran and EU states has fallen sharply in the first half of 2019 as the value of goods traded between Iran and EU declined from 10.7b euros to 20.6b euros which show 76 percent decline.

Banking System Reform, a Long-Term Plan

Addressing the 30 th Conference on Islamic Banking in Tehran, Abdolnasser-Hemmati said the current problems and imbalance in the banks have not happened overnight and the country should find ways to solve them prudently, adding that reforming the banking system is a long-term plan. IRAN NEWS Economic Desk He then pointed to some efforts for banking without interest (usury) which is a pre-requisite for Islamic banking, admitting the measures have not been enough in the past years and there are hurdles especially in allocating the sources

Banking System Reform, a Long-Term Plan

Addressing the 30 th Conference on Islamic Banking in Tehran, Abdolnasser-Hemmati said the current problems and imbalance in the banks have not happened overnight and the country should find ways to solve them prudently, adding that reforming the banking system is a long-term plan. IRAN NEWS Economic Desk He then pointed to some efforts for banking without interest (usury) which is a pre-requisite for Islamic banking, admitting the measures have not been enough in the past years and there are hurdles especially in allocating the sources. Hemmati also gave an upbeat report about recovery of Iran’s economy, saying that national economy currently enjoys stability

Tripod Torch of Phase 13A in South Pars Installed

Mr. Payam Motamed said the operation for installing the structure as the last tripod torch of Phase 13 platforms as well as its related deck was carried out in 10 days by sea pad and it ended on Friday. IRAN NEWS ECONOMIC DESK He went on to say that the tripod torch was manufactured at Iran Marine Industrial Company’s (SADRA) in Bushehr, adding that the tripod torch was manufactured in 405 tons weight with 65 meters height.

Nahid Satellite Safe and Sound Despite Trump’s Claim

Iranian Minister of Information and Communications Technology Mohammad Javad Azari Jahromi took the reporters on Saturday morning to a space research center, where the domestically-made satellite was showcased undamaged. IRAN NEWS NATIONAL DESK Earlier in the day, Jahromi posted a picture of himself along with the telecommunication satellite, saying, “Me & Nahid 1 right now.

Nahid Satellite Safe and Sound Despite Trump’s Claim

Iranian Minister of Information and Communications Technology Mohammad Javad Azari Jahromi took the reporters on Saturday morning to a space research center, where the domestically-made satellite was showcased undamaged. IRAN NEWS NATIONAL DESK Earlier in the day, Jahromi posted a picture of himself along with the telecommunication satellite, saying, “Me & Nahid 1 right now.