Role of ‘rial’ to be strengthened in global exchanges

Tehran (KNA) - Minister of Industry, Mine and Trade Reza Rahmani said that role of Iranian ‘rial’ would be strengthened in financial exchanges with many countries in the world and this issue is of the main macro policies of the government that should be taken into serious consideration.

1/15/2019 11:28:00 PM

€2bn worth of FDI attracted in refinery sector

Tehran (KNA) - Deputy Oil Minister for Oil Products Distribution and Refining Affairs Alireza Sadeghabadi said that €2 billion worth of Foreign Direct Investment (FDI) has thus far been attracted for the development project in Abadan Oil Refinery.

1/15/2019 11:26:00 PM

Zarif: Iran ready to talk with India over gas price

Tehran(KNA) : Iranian Foreign Minister Mohammad Javad Zarif said that the Islamic Republic of Iran is ready to start negotiations with Indian officials regarding the price of gas delivered to Indian firms in Chabahar port.

1/8/2019 11:14:00 AM

Draft bill prepared to cut zeroes from national currency

Tehran (KNA): The Central Bank of Iran (CBI) submitted the draft of a bill to slash four zeroes from the national currency, rial, to the cabinet, Tasnim news agency quoted the governor of the CBI as saying on Sunday.

1/7/2019 4:38:00 PM

Nobel Prize winner and hedge fund founder: This is all you need to know to invest your money

Tehran(KNA) : Richard Thaler won the 2017 Nobel Prize in economics for his work on how humans may not act as rationally as economists' models assume. The acclaimed U.S. economist also happens to help run a highly successful hedge fund: Fuller & Thaler Asset Management, which has almost doubled the S&P 500's gains since the beginning of the bull market in 2009.

1/5/2019 1:17:00 PM

Iran petchem output to hit over 100 mt/y by 2025

Tehran (KNA) - The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical production capacity would exceed 100 million tons per year once the sector completed its under-construction projects by 2025.

1/2/2019 8:19:00 PM

Iran hopes for presence of major liners in Chabahar Port

Tehran (KNA) - Managing Director of Ports and Maritime Organization Mohammad Rastad said he hopes that the activities of Indian operator in Chabahar Port will pave the ground for the increased presence of major world liners in the port.

1/1/2019 9:21:00 PM