Iran Economic News Headlines - February 1

Iran Economic News Headlines - February 1Iran Economic News Headlines - February 1

1. President Hassan Rouhani: Today Iran is facing the biggest pressure and economic sanctions in the past 40 years. (Fars News Agency)
2. Deputy Foreign Minister Abbas Araqchi: The special payment mechanism is the first step within the set of commitments the Europeans have made to Iran, which I hope will be fully implemented and not remain incomplete. (IRNA)
3. Central Bank of Iran's Governor Abdolnasser Hemmati: Iran and Syria will establish a joint bank in Damascus. (IRNA)
4. President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei: Trade between Iran and Syria has the potential to exceed $3 billion per annum. (
5. Deputy Agriculture Minister Mohammad Ali Tahmasebi: Iran’s agricultural output has grown 4.6-fold over the past four decades. (IRNA)
6. President of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari: The government’s misplaced support has crippled the automotive industry. (Mehr News Agency)
7. Alireza Rafiepour, the head of Iran Veterinary Organization: Livestock, poultry and fish production in Iran has increased 10-fold in the past four decades. (IRNA)
8. President of Iran's World Trade Center Mohammad Reza Sabzalipour: Privatization of Persepolis and Esteghlal football clubs won’t come to pass until the fiscal 2020-21 due to political reasons. (Fars News Agency)
9. Tehran Stock Exchange CEO Ali Sahraei: More than 177,000 trading codes were issued during the first 10 months of the current [Iranian] year [March 21-Jan. 20], up 62% compared with last year's corresponding period. (IRIB News)
10. CEO of Iran’s Civil Aviation Organization Ali Abedzadeh: Germany’s ban on Mahan Air was a politically-motivated decision. (IRIB News)
11. Mohammad Reza Modoudi, caretaker of Trade Promotion Organization: Iran's exports to neighboring countries increased by more than 27% to reach $19 billion in the nine months of the current [Iranian] year (March 21-Dec. 21, 2018). (IRIB News)
12. Mohammad Ebrahim Hassan-Nejad, the deputy head of Agricultural Insurance Fund: AIF pays 3 trillion rials [$25 million] in compensation to farmers every year for damages suffered by their products. (IRNA)
13. Iraj Modiri, the deputy head of Khuzestan Ports and Maritime Organization: The cargos aboard 10 Panamax vessels were simultaneously unloaded in mid-January in the southern Imam Khomeini Port to mark a record. (
14. CEO of Iran’s Civil Aviation Organization Ali Abedzadeh: Payam International Airport, [a cargo airport located in Karaj, Alborz Province] can host the world’s largest cargo planes. (
15. Parliamentarian Jalal Mirzaei: [First-time] marriage loans will increase from 150 million rials [$1,271] to 300 million rials [$2,542] next [Iranian] year [starting March 21, 2019]. (ILNA)
16. Provincial Governor of Markazi Province Ali Aqazadeh: More than $830 million worth of non-oil commodities were exported from Markazi Province in the first 10 months of the current [Iranian] year [March 21, 2018-Jan. 20], indicating more than a 10% rise year-on-year. (IRNA)


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