Financial Tribune

  • Ali Akbar Salehi

    Iran said the reaction of the global community to Washington’s withdrawal from the 2015 Iran nuclear deal...

  • Mineral Trade Surplus Hits $2.9b

    Iran exported more than 25.47 million tons of mineral products worth over $4.41 billion during the first five months of the current fiscal year (March 21-Aug. 22), down 9.2% in tonnage and up 12% in value compared with the last fiscal year's corresponding period.
    Imports stood at 1.75 million tons worth $1.46 billion, dropping 29% in tonnage and 20.4% in value year-on-year,

  • Oil Remains Biggest Contributor to Iran’s Economic Growth

    A sectoral review of the Central Bank of Iran's latest report on Iran's economic growth shows the oil sector had the biggest contribution to the gross domestic product during the first quarter of the current fiscal year (March 21-June 21).
    The report released on Sunday shows Iran's economy grew by 1.8% during the period compared with last year's corresponding period. GDP growth, excluding oil production, stood at 0.7%.
    In fact, the oil sector, with a 5.2% growth, single-handedly accounted for about 1.2% of the overall 1.8% growth in the overall economy during the first quarter, meaning oil production had a 66.66% share from Iran's economic growth.
    The CBI report also shows the services sector grew by 1.1% while the sectors of agriculture and the "industries and mines" grew by 0.3% and 0.1% respectively.

  • North Korean leader Kim Jong-un (L) and South Korean President Moon Jae-in meet in April 2018.

    South Korean President Moon Jae-in said Monday that he will push for “irreversible, permanent...

  • Iran Makes Headway in  Protecting Ozone Layer

    As part of its commitments under Montreal Protocol on protecting the stratospheric ozone layer, Iran has managed to phase out around 9,800 tons of ozone-depleting substances (ODSs) by upgrading and overhauling 1,378 manufacturing and service industries, Ebrahim Hajizadeh, director of National Ozone Layer Protection Plan, said on the occasion of International Day for the Preservation of the Ozone Layer on Sunday. 
    “The release of ODSs have been controlled and reduced in 122 refrigerator manufacturing units as well as 66 assembling and 595 repair units, 454 vehicle air-conditioning repair shops and 47 sponge and spray producing factories,” the official said, IRNA reported.  
    In its future plans, national workgroups aims to complete the bank of halons to enable collecting the existing halons for recycling and reuse, develop regional cooperation to control illegal practices involving the harmful materials and devise a project on disposal of ODS-containing waste, according to Hajizadeh. 

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