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No. 58 26 Mordad 1388- August 17, 2009
Economic – Business News
· Iranian Researchers Produce 10k Internationally-reviewed Articles
Economic – Business News
· First Iran-Made Ocean Liner to Hit Open Waters The first ever Iran-made ocean liner is soon to be launched in the waters of the Persian Gulf.
· Iran @ Hong Kong Food Expo
Sixteen Iranian food exporting companies attended the food expo Hong Kong 2009. As the second largest importer of Iranian pistachios, Hong Kong is a unique place for Iranian products. The Hong Kong Food Expo ran as of August 13 to 17, 2009.
· Islamic Banks Winner of Financial Meltdown In its latest issue, Middle East Economic Survey, an economic research magazine, reported on the condition of the Islamic banking in the world, citing their unique banking style as the key to their recent success.
· Iran Presence a Must: Turkey Turkish Minister of Energy termed the presence of Iran in Nabacco gas pipeline as a must. He further called for Iran’s participation in the project by exploring its gas reserves and exporting to international markets.
· Iran Bank Ranking Up: Banker Director General of Iran Export Promotion Bank says in its latest report, the Banker, has placed the said bank as at number 3 in terms of capital among the local banks and 288 among 1000 international banks.
· Iran Gas Transfer Network 10% Growth The growth rate of gas transfer network in recent years stands at an astonishing 10 percent, says the Director General of Gas Transfer Company.
· 20 billion Barrel Oil Reserves Explored Inviting more investment, Iranian Minister of Oil says the Caspian Sea oil reserves is estimated at around US$ 20 billion.
· Iran, Sixth Oil Supplier to EU ZONE Eurostat reported on the status of oil export to the Continent mentioning Iran as its sixth largest supplier of crude oil to the Union for the year 2008.
· EU IRAN Import Up 43% European Commission reported on the status of import from Iran. Twenty seven states of the European Union have increased their import from Iran 43 percent to 643 million Euros.
· Aluminum Production Up 25% Iran Mineral Industries and Renovation and Development of Mines announced that the volume of aluminum production has grown 25 percent in the first four month of the Persian Calendar year (March 21).
· Iran Hosts First Printing and Packaging Exhibition The first ever printing and packaging exhibition is to be held in Mashhad in November 2009. China, Italy, Germany and many other heavyweights are to participate in the event.
· Iran-Malaysia Oil Cooperation Up US$ 20 billion Deputy Minister of Oil heralded the expansion of ties between Iran and Malaysia to US$ 2 billion saying a high ranking delegation from Malaysia will head to Tehran soon. He further added two oil refineries are to be set up in Malaysia in a joint venture and one in south of Iran.
· US$ 5.3 billion worth of Export Goods Iran Trade Promotion Organization says the country has exported in the first four months of the Persian Calendar Year (March 21) 4500 products worth US$ 5.3 billion.
· US$ 67 million USA Export to Iran USA has exported 160 kinds of products to Iran with a net value of US$ 67 million. Iran, on the other hand, has exported 57 kinds worth 20 million to the USA.
A research report funded by the Office of the British Prime Minister on the issue of energy shows Iran over the next 20 years will have the highest level of growth in the production of gas in the world.
International Monetary Fund predicted Iran’s GDP to grow 3.2 percent and stand at 44thplace among 185 countries in the world in the year 2009.
Central Bank of Iran announced that the country’s foreign deposits grew more than US$ 15 billion last year.
Director General of Falat Ghare Company says negotiations are underway with a European company on investment in Lavan LNG field. The European firm is to invest US$ 4 billion to jointly produce liquefied natural gas in Iran.
A Chinese consortium and Iran’s National Oil Refinery and Oil Products signed a joint agreement to construction Persian Gulf Star oil refinery in Iran.
200 companies from 20 countries exhibited their latest products at Mashhad International Auto Show as of August 04-08, 2009, in an area of 40 thousand square meters.
Minister of Commerce Representative in Free Trade Zones says Qeshm and Kish Islands have respectively been designated for investment in industries-energy and tourism, banking, insurance and international stock exchanges.
Undersecretary for Housing and Urban Development says World Bank is funding urban development in Iran set for the next 12 year time span.
Islamic Republic of Iran Shipping Line has been elected chair of Regional Container Line Association.
The first quarter of current Iranian year (March 21) has seen US$ 246 million and 742 thousand excluding the figures from the export of condensates.
To weather out the international financial tsunami, Turkish investors have set their sights on Iran most especially in the city of Tabriz.
The ninth international festival of flora opened in Mahallat, Markazi province. The event consists of several parts including flowers, ornamental plants and the related industries. Representatives from four countries and 15 Iranian provinces will put on display their products in 132 pavilions. This year's festival indicates some 27 percent increase in terms of participants compared to the previous year's event.
After 12 years of non-stop efforts, Iranian experts have successfully designed and produced a carpet-weaving robot. The robot minimizes the time needed to design and weave the carpet to only 24 hours. Only two Swedish and Australian companies have access to such advanced robots. The robot could shift to new designs for weaving a carpet quickly and it enjoys the capacity to work with different kinds of thread.
Afghanistan, Iran and Tajikistan have agreed to prepare a plan to set up a joint investment fund to raise the level of economic cooperation. The agreement was reached during a trilateral meeting between their deputy foreign ministers in Tehran. The three neighbors also issued a statement calling for expansion of cooperation in the fields of electricity, transportation, education, healthcare and cultivation. The statement urges the Persian speaking countries to "fortify and expand" their political, economic and cultural ties, taking measures to fight terrorism and drug trafficking.
A senior Iranian provincial official announced that the exports of condensates (natural gas liquid) from the giant gas field of Assalouyeh have almost doubled during the last Iranian year (ended March 20, 2009). He noted that the gas production sales have reached US$ 2.342 billion.
Tehran Stock Exchange will witness its biggest deal in its history as Iran's telecommunications company plans to float $5.15 billion of its shares for sale. The company announced that it will offer 51 percent of its stake to private investors to become the biggest Iranian company to be privatized; TCCIM reported. Foreign investors also could buy the shares only in partnership with an Iranian consortium.
· Iranian Researchers Produce 10k Internationally-reviewed Articles Deputy Minister of Science, Research and Technology for Research says Iranian researchers have inked more than 10 thousand internationally-reviewed articles over the past seven months up to the end of July 2009.
Consulate General of the I. R. of Iran
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