Establishing 10 million tons of steel capacity in line with national interests

Establishing 10 million tons of steel capacity in line with national interests

Azimiyan said that the proper capacities in Hormozgan area could be effective in achieving the goals of the 1404 horizons vision document and building a capacity of 55 million tons of steel.

News Expansion - Engineer Hamid Reza Azimian, CEO of Mobarakeh Steel Co. during a meeting of 10 million tons of steel production in the Gulf region, in the presence of Khodadad Gharibpour, Chairman of the Board of Imidru, Consultant of the Steel Project, Managers of the National Iranian Steel Companies, Gol Gohar, Gulf region, Madkush Saba Steel Ghalefars and Kaveh South said that due to the proper capacities in the Hormozgan area and the provision of suitable infrastructure such as mining, water, electricity, railways and roads, the plan to create 10 million tons of steel production capacity in the Gulf region In line with national interests can achieve goals The 1404-horizons vision document of the country and the creation of a capacity of 55 million metric tons of steel, as well as the development of exports and more out of the oil-dependent economy.

Head of Appliance Union:

Head of Appliance Union:

Korean brand products will continue in Iran, because it has been able to open up its credibility.
The second set of Korean home appliance manufacturers said their problems with Korea are being solved
The quality of the home appliances that is being produced is preserved and no quality goods have been marketed.

Dutch exports to Iran

In response to its parliamentary questions about the EU's efforts to counter American sanctions against the Islamic Republic of Iran, the Dutch government has announced that it intends to join the financial mechanism by investing in Intex, despite the decline in trade between the two countries of the Netherlands and Iran after Announcing unilateral US sanctions, there are still large Dutch companies operating in Iran, and the volume of Dutch exports to Iran, despite a decline in 2018, amounted to 718 million euros. The letter also emphasizes the importance of continuing to work, as long as the IAEA has not reported a violation of this agreement by Iran, as has been the case so far, the Netherlands will work to maintain the momentum.

Iran's GDP growth

The World Bank, in its latest report on the Global Growth Outlook, also cites Iran's statistics, and for the third time its predictions have cut Iran's GDP growth.

The World Bank has placed Iran at the bottom of the table (after Nicaragua) in terms of GDP growth.

In the last half-year, the international organization predicted a positive 4.1% growth in 2019, down from 3.6% in January this year, and now stands at 4.5%.

The report is due to US sanctions, especially targeting Iran's oil exports.

The World Bank has stopped Venezuelan economic growth forecasting with 10% astronomical inflation, but says Iran's economic growth after Nicaragua (minus 5%) would be the lowest in all countries of the world.

Of course, the World Bank's assessment of the Iranian economy is much more optimistic than the International Monetary Fund, which in its latest report predicts that Iran's economy will be about six percent smaller by 2019.

The International Monetary Fund (IMF) says only Sudan and Iran will grow negatively in 2019. The World Bank estimates that Sudan's economic growth is down 1.9 percent this year.

The World Bank says Iran's inflation rate rises from about 10 percent in the second half of 2018 to around 52 percent in April this year, and a significant drop in the value of the rial has been one of the challenges facing Iran's economic growth.

Iran's national currency has lost much of its value since last year. Earlier last year, the price of the dollar was about 4700 USD. But with the departure of the United States in May of the same year, its price increase started and fell to 18 thousand tomans last fall.

Iranian foreign exchange market,

Explanation: Due to the sharp swing and sensitivity of the Iranian foreign exchange market, the PersianBC on this page updates the dollar on a weekly basis and based on market margins. The purpose of the chart and the above information is to obtain an estimate of the price situation of the currency in Iran and is not a criterion for the transaction.

The central bank rates 47 currencies for today on June 13, 2019,

The central bank rates 47 currencies for today on June 13, 2019, according to which the rate of 23 currencies, such as the pound, rose against Sunday and the price of another 13 euros, including the euro, fell. The dollar and ten other currencies remained stable.

According to the Central Bank, each US dollar for today "Monday, June 12, 98" remained unchanged compared to Sunday 42 thousand rials. Also, on the current day, each British pound with 61 rials more than 53 thousand and 140 rials yesterday, and each euro was valued at 46 rials and 46 thousand 977 rials.

In addition, each Swiss franc is 42 thousand and 93 Rials, the Swedish krona is 4,431 Rials, the Norwegian krone 4,000 and 807 Rials, the Danish Krone 6,000 and 291 Rials, the Indian Rupee 605 Rials, the United Arab Emirates Dirham 11,437 Riyal, Kuwaiti Dinar 138 thousand and 14 Rials, One hundred Rs. Pakistani 28 thousand and 639 Rials, One hundred Japanese Rials 38 thousand and 829, Hong Kong Dollars 5,358 Rials, Omani Rials 109,000 and 234 Rials, and Canadian Dollars 31,000 120 Rials.

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