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Economic

  • EghtesadOnline: The Organization for Economic Cooperation and Development has predicted Iran’s nominal annual crude steelmaking capacity to reach 54.4 million tons by 2022, an increase of 51% compared to the capacity level of 36 million tons registered by the end of 2019.

  • EghtesadOnline: Iran and the Eurasian Economic Union traded more than $1.5 billion worth of goods under their preferential trade agreement between October 27, 2019, when the PTA came into effect, and June 19, 2020.

  • EghtesadOnline: As part of the 80 trillion rials ($350 million) economic relief package for the transportation sector approved by the government, airlines will receive 20 trillion rials ($87 million) in loans to help them weather the hardship caused by the new coronavirus.

  • EghtesadOnline: A forum entitled “Eurasian Economic Union: A Bridge to Free Trade with the World” is scheduled to be held in the Islamic Republic of Iran Broadcasting Conference Center located in Tehran on Aug. 20.

  • EghtesadOnline: Iran and the Eurasian Economic Union traded 6.86 million tons of commodities worth $2.4 billion from Oct. 27, 2019, when a preferential trade agreement between the two sides came into effect, to June 20, 2020, according to the spokesman of the Islamic Republic of Iran Customs Administration.

  • EghtesadOnine: Tehran Chamber of Commerce Industries, Mines and Agriculture is set to hold a specialized economic roundtable in cooperation with the Italian Embassy and the European House-Ambrosseti on Iran-Italy trade ties.

  • EghtesadOnline: There is great deal of criticism against the World Bank’s Doing Business Report and its associated country rankings, Ali Firouzi, an official with the Ministry of Economic Affairs and Finance, said.

  • EghtesadOnline: A total of $17 billion worth of commodities were exported from Iran’s free trade and special economic zones during the last fiscal year (March 2019-20), according to the secretary of the High Council for Free Trade and Special Economic Zones.

  • EghtesadOnline: Iraq wants OPEC+ to take into consideration the economic and living conditions of countries when assigning quotas in oil production cuts, the country's finance minister said, as OPEC's second-largest oil producer struggles to adhere to it production limits.

  • EghtesadOnline: Iran and the Eurasian Economic Union have traded $2.11 billion worth of goods since Oct. 27, 2019, when the preferential trade agreement between the two sides came into effect, according to the spokesman of the Islamic Republic of Iran Customs Administration.