Iran Economic News Headlines - April 24

Iran Economic News Headlines - April 24
Iran Economic News Headlines - April 24

1. Oil Minister Bijan Namdar Zangeneh: The US dream of reducing Iran’s oil exports to zero will not come true. (IRNA)
2. Turkish Foreign Minister Mevlut Cavusoglu: Turkey is looking into establishing new trade mechanisms with Iran, like the INSTEX system set up by European countries, to avoid US sanctions reimposed last year on Iranian oil exports. (Reuters)
3. Managing Director of Ports and Maritime Organization Mohammad Rastad: Iran's marine capacities are beyond the US imagination. (IRNA)
4. China's Foreign Ministry Spokesman Geng Shuang: China's cooperation with Iran should be respected. (Global Times)
5. Iraqi Minister of Health and Environment Alaeddin Alvan: The US unilateral sanctions will leave no impact on Iran-Iraq cooperation. (IRNA)
6. Iranian Ambassador to Iraq Iraj Masjedi: Iranian companies currently have a market share of $10 billion in Iraq. (Fars News Agency)
7. Health Minister Saeed Namaki: Iran plans to make joint investments in Iraq’s pharmaceutical sector. (IRNA)
8. Kazakhstan’s Ambassador in Tehran Askhat Orazbay: Iran is the most economical route for Central Asian countries and Caspian Sea littoral states, especially Kazakhstan, to gain access to high seas. (IRNA)
9. Mohammad Mehdi Tondgouyan, deputy for youth affairs at the Ministry of Sports and Youth: As much as 150 trillion rials [$1 billion] were paid as wedding loans last [fiscal] year [March 2018-19]. (IRNA)
10. Deputy Minister of Cooperatives, Labor and Social Welfare Isa Mansouri: About 420,000 of the 464,000 jobs created last year were in the services sectors, including tourism and information technology. (Mehr News Agency)
11. Hossein Abdolhay, the deputy head of Iran Fisheries Organization: Iran’s annual farmed shrimp production has reached 45,000 tons. (IRNA)
12. Agriculture Minister Mahmoud Hojjati: Recent floods have not harmed wheat production in Iran. (IRIB News)
13. Yalda Rahdar, chairperson of Iran Chamber of Commerce, Industries, Mines and Agriculture’s Competition and Privatization Commission: Iran’s economy needs wisdom and action, not words. (
14. Parviz Khosroshahi, an official with the Central Insurance of Iran: Only 5% of Iranian homes are covered by natural hazards insurance. (Mehr News Agency)

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