RSS Economic News

  • $914 million in foreign investment approved in 11 months May 22, 2019
    Tehran, May 22, IRNA - Statistics by the Ministry of Industry, Mining and Trade indicate that from March 21, 2018 until the end of February 2019, $914.455 million of investment for 65 industrial, mineral and commercial plans were approved.
  • Homegrown BeiDou system guarantees industry safety May 22, 2019
    Tehran, May 22, IRNA/Global Times – The overall output value of China's satellite navigation and positioning services industry reached 301.6 billion yuan ($43 billion) in 2018, up 18.3 percent on a year-on-year basis, with the country's home-developed BeiDou satellite system contributing 80 percent to the core production value, reads an official white paper.
  • Trade tensions, policy uncertainty damaging prospects for economic growth: UN May 22, 2019
    Tehran, May 22, IRNA – Global economy is experiencing landmark slowdown amid unresolved trade tensions, high international policy uncertainty, lack of business confidence, the UN World Economic Situation and Prospects (WESP) said in mid-2019 report in New York.
  • Huawei CEO's mind-set fit to face down US May 22, 2019
    Tehran, May 22, IRNA/Global Times – During a media interview on Tuesday, Huawei founder and CEO Ren Zhengfei thanked US companies for their years of cooperation and said he believed that the supply cut to Huawei was instigated by US politicians rather than US companies.
  • More Chinese airlines could seek compensation from Boeing amid trade war May 22, 2019
    Tehran, May 22, IRNA/Global Times - After China Eastern Airlines became the first domestic carrier to seek compensation from Boeing Co for losses caused by the grounding of the US plane maker's flawed 737 MAX aircraft, more Chinese airlines could follow suit amid an escalating trade and technology battle between China and the US, according […]