Author: Steven Sahiounie

Speaking in an interview with IRNA on Sunday, Deputy Chairman of Iran Chamber of Cooperatives for Legal Affairs Arsalan Ghasemi pointed to Iran’s membership in BRICS (Brazil, Russia, India, China and South Africa), and said, give the West’s economic sanctions against the country, joining regional and extra-regional treaties is one of the ways to get out of the economic pressures. BRICS is a club of emerging economies that constitute a large population in the world and this opportunity should be used optimally in order to promote exports and export activities of the country, he added. Logical policymaking and decisions will lead to positive…

Elaborating on the measures taken by the provincial Ports and Maritime Organization in the current administration on the occasion of “Government Week”, Hossein Abbasnejad said more than 13 million tons of goods were transited from ports of this southern province. He put the volume of oil and non-oil products loaded and unloaded in this period at more than 193 million tons. Abbasnejad also highlighted the loading and unloading operations of more than 125 million tons of non-oil goods in ports of this province over the past two years. In this period, more than 68 million tons of oil products were loaded and unloaded in…

The administration of President Ebrahim Raisi has taken effective steps to neutralize sanctions imposed against the country, including by concentrating on using the high potentials of 15 neighboring countries, Farzad Piltan emphasized. With the measures taken in this regard, comprehensive strategic five-year plans have been defined for all these countries with a focus on the development of trade infrastructures such as organizing the transportation platforms, banking exchanges, customs and standards, etc., he added. Regarding exports of the country to the West Asian countries (nine countries) from March 21 to July 22, 2023, Piltan said the West Asian countries include Persian Gulf littoral states, Syria,…

Speaking to reporters on the occasion of “Government Week” on Sunday, Saeed Chalandari said that conducting feasibility studies for the construction of Phase II of the Imam Khomeini International Airport has started. He put the cost needed for the completion of the construction operation of Phase 2 of the airport at about €2.5 billion, the amount of which will be provided via the oil bartering deal with China. Chalandari further said that four foreign airlines have been added to those operating at the airport since 2022. The Salam Terminal of the Imam Khomeini Airport City was constructed as a logistics terminal for…

In addition to compensating for a part of the imbalance of gas in the cold seasons of the year, gas production in the South Pars Joint Gas Field will generate employment opportunities and also yield foreign currency for the country. The first oil well was drilled at the South Pars Joint Gas Field in 1996. In the meantime, phases 1, 2, 3, 4, 5, 6, 7, 8, 9, and 10 of the field were launched by the end of 2009 and the rest phases except phases 11 and 14 excluded were officially commissioned by the end of 2010. Phase 11…

Iran has made a significant stride by introducing Cesium-137, a versatile radionuclide, for applications in both medical and industrial domains. Iran introduced Cesium-137, a radionuclide offering medical and industrial utility, during an unveiling on Sunday. Radionuclides, also termed radioisotopes, are radioactive versions of elements, often generated by exposing appropriate materials to nuclear reactor neutron flux for a specific duration. Cesium-137, with a 30-year half-life, doesn’t occur naturally and is primarily sourced from used nuclear fuel and radioactive waste. Its applications encompass radiation devices, brachytherapy, radiotherapy, calibration mechanisms, and a range of industrial gauges. Additionally, Cesium-137 is essential for irradiating blood…

The bloc’s combined GDP already exceeds that of the G7, and the gap will widen further once six new members join next year The addition of six new member states will propel the BRICS group of countries far ahead of its major rival, the G7, in economic terms, several Russian media outlets reported this week, citing calculations based on global data. BRICS currently consists of Brazil, Russia, India, China, and South Africa, but next January it will admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. According to reports from the news outlets RBK and TASS, the…

High inflation and surging borrowing costs in Norway have reduced households’ purchasing power, data shows    Norway’s economy saw zero growth in the second quarter of this year due to soaring inflation and rising interest rates that dampened consumer demand, the country’s statistics office reported this week. Mainland gross domestic product (GDP), which excludes Norway’s offshore industry, stagnated compared to the previous quarter and remained at 0.2% following a weak performance in a number of industries, the figures showed. Construction had the largest negative impact on the country’s GDP in the second quarter as investment in housing slumped,…

SWIFT cross-border transactions in the single currency hit a historic low in July, according to RIA Novosti analysis The use of the euro for international settlements dropped to its lowest level on record in July, RIA Novosti reported this week, citing data from SWIFT. Statistics showed that the proportion of cross-border transactions involving the world’s second most popular currency fell to 24.4% last month, down by 6.83 percentage points on the previous month. Payments using the US dollar climbed to 46.4%, while cross-border transactions with the Chinese yuan rose to more than 3% – the highest level since the start…

By: Bashir Al-Omar, Journalist and activist In recent years, Sudan has remained in a perpetual state of unrest, grappling with socio-political challenges and an economic crisis. However, recent developments have instilled a sense of hope and optimism as the nation embarks on a new chapter of progress and stability. This exclusive article sheds light on the latest developments in Sudan, exploring significant milestones in its transition towards a democratic and inclusive future. Transitional Government Successfully Steers Sudan’s Political Reforms Since the overthrow of Omar al-Bashir in April 2019, Sudan has been under the governance of a transitional government, composed of…