Iran’s Minister of Petroleum has said: “Although 81 percent of the South Pars 11 gas field project has been officially transferred to China’s CNPC, this company has made no efforts to develop the project.”
Following unprecedented rises in the price of red meat in recent years, the Iranian government has taken measures such as importing livestock and reducing customs tariff to zero to adjust market prices.
Chairman of the joint Iran-Syria Economic Commission commented on a recent visit to Syria by an Iranian trade delegation headed by First Vice-President Eshagh Jahangiri, and said: “The MoUs and talks which have been respectively signed and held during the visit had two dimensions. One was the political dimension which was taken care of by Mr Jahangiri, Mr Mohammad Eslami, Minister of Roads and Urban Development, and Mr Abdolnaser Hemmati, Governor of the Central Bank of Iran; the other dimension was economic during which Iran’s private sector supervised by the Chamber of Commerce held talks with its Syrian counterparts. The latter led to the signing of a major agreement with several important provisions between the two sides.”
Iran’ Minister of Petroleum has said: “Our oil reserves at the victory of the 1979 Islamic Revolution amounted to as estimated 88BN barrels. Today, however, with 50BN extracted barrels, we have over 160BN barrels of oil reserves.
The Research Center of Iran’s Islamic Legislative Assembly has recently published a report on oil forecasts for 2018-2019, announcing that Iran’s economic growth in 2019 will be negative. The Economist has also painted a bleak future for Iran in 2019. Nevertheless, Iran’s Minister of Finance has said that 2019 will not see a negative economic growth.
Iran's Finance Minister has reacted to the latest report by the Research Center of the Islamic Legislative Assembly, Parliament, which has predicted a negative economic growth for next year, by saying the report is not scientific.
The Association of Iranian Shoe Industry has announced a 46 percent rise in exports and a 72 percent drop in imports of shoes in the first nine months of the Iranian calendar year. He named Iraq and Afghanistan as the main export destinations of shoes from Iran.
Iranian experts have succeeded in winning a competition with the world’s leading engineering and technical companies for designing and supervising the project of building the largest hydroelectric power plant in Africa.
The Head of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) has announced that the Organization has been eliminating obstacles and paving the way for foreign investors.
An Iranian expert of international affairs believes: “The main challenges of Iran’s foreign policy in the next Iranian calendar year has more domestic than international roots, particularly in economic issues and increasing poverty.”
Christie’s has been auctioning works for some Iranian artists for a number of years now. This year, on its 25th anniversary in Dubai, Christie’s will be holding an auction titled "Modern and Contemporary Art in the Middle East" on 23 March 2019 in which twelve Iranian artists will be participating with eighteen works.
The United States clinched a strategic port deal with Oman on Sunday which U.S. officials say will allow the U.S. military better access to the Gulf region and reduce the need to send ships through the Strait of Hormuz, a maritime choke point off Iran.
A sociologist in Iran believes: “State domination on the public sphere and preventing interactions between individuals has deprived Iranian society of public rejoicing. With emphasis by government on the sad side of religion, the opportunity to strengthen the collective spirit through religion has also been eliminated.”