EghtesadOnline: Iran is escalating its pressure on South Korea to release billions of dollars of oil-export revenue, arguing that Seoul is buckling to pressure from its US ally and illegally withholding funds needed to counter the Middle East’s worst coronavirus outbreak.
EghtesadOnline: The 55 petrochemical companies in Iran produced 31 million tons of products in the last fiscal (ended in March) and exports generated $9.5 billion, managing director of National Petrochemical Company said.
EghetsadOnline: The National Iranian Oil Company raised $700 million in revenues by selling oil and petroleum byproducts in the capital market in the past eight months, the managing director of the company said Tuesday.
EghtesadOnline: In need of new sources of revenue to compensate for the budget deficit emanating from steep declines in oil exports and reduce the ballooning liquidity, the idea of taxing bank deposits has come to the fore again, raising the possibility that the government may introduce the scheme in the 2020-21 fiscal budget.
EghteadOnline: Iran earns $1.2 billion from medical tourism annually.
EghtesadOnline: Dismissing allegations by former president Mahmoud Ahmadinejad over mismanagement in the energy sector, the Oil Ministry said despite difficulties created due to the new US economic sanctions, revenues from oil exports have been received by the treasury.
EghtesadOnline: In the coming fiscal (2019-20), Iran government expects to earn 100 trillion rials ($864 million) from the ICT sector, down 9% compared to projected income for the current year that ends in March.
EghtesadOnline: M ore than 27% of mobile applications published on the Iranian Android market Cafe Bazaar have been developed in Tehran Province. The province has a 54% share in the domestic Android industry’s annual revenue.
EghtesadOnline: The startup, which powers contextual ads offered by Yahoo! and Microsoft’s Bing, plans a move akin to a reverse merger that would make it a public company in China.
Saudi Arabia's powerful deputy crown prince held a full day of meetings with U.S. lawmakers on Wednesday, part of a visit aimed at restoring frayed ties with Washington and promoting his plan to wean the kingdom away from oil revenue; Reuters reported.