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Khandouzi: Privatization of Shazand Petrochemical Marks Culmination of BMI's Asset Divestiture

The Minister of Economic Affairs and Finance, Ehsan Khandouzi, commended the management and staff of Bank Melli Iran (BMI) for their achievements in the Iranian calendar year 1402 (March 20, 2023 to March 20, 2024).

Iran calls for removing obstacles to trade ties with Iraq

TEHRAN – Iran’s Economy Minister Ehsan Khandouzi has called for continued joint efforts with Iraq to remove obstacles to the promotion of trade ties between the two countries, IRNA reported.

Iran says economic talks with Saudi Arabia 'constructive'

TEHRAN - Iran’s Economy Minister Ehsan Khandouzi said he has held favorable talks with his Saudi Arabian counterpart during his visit to the Arab country.

IsDB welcomes Iran's proposal on preferential financing

TEHRAN - Iran's Finance and Economic Affairs Minister Ehsan Khandouzi has announced that member states of the Islamic Development Bank (IsDB) have welcomed Iran's proposal to establish a new financing mechanism using a preferential rate within the group.

Iran’s economic growth has nothing to do with oil price hikes: minister

TEHRAN – Iran’s Finance and Economic Affairs Minister Ehsan Khandouzi has said the rise in oil prices does not contribute to the improvement of Iran’s economic condition, Shana reported.

Iran’s oil sector annual growth doubles despite sanctions

TEHRAN - Iran’s oil sector has witnessed a twofold increase in its annual economic growth in autumn 2023, the country’s Finance and Economic Affairs said on Tuesday.

2nd phase of smart customs plan to be implemented in mid-2024

TEHRAN - Iranian Finance and Economic Affairs Minister Ehsan Khandouzi said the second phase of the country’s smart customs program is going to be implemented as of the beginning of the summer in the next Iranian calendar year (late June 2024).

Average sales of Iran's top 100 companies grow by 18%

TEHRAN – Iran’s Economy Minister Ehsan Khandouzi said the average sales of the country’s top 100 companies have grown by 18 percent, Tasnim News Agency reported.

Iran, Egypt discuss expansion of economic ties

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi and the Egyptian Minister of Finance Mohamed Maait discussed the expansion of economic ties between the two countries in a meeting in Cairo.

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Bank Melli Iran’s Strategies, Vision on Right Track

Bank Melli Iran's annual general assembly meeting for the financial period ending on 29 Esfand 1401was held with the presence of Seyed Ehsan Khandouzi, Minister of Economic Affairs and Finance as the Chairman of the Assembly, Mohammad Javad Sharifzadeh, Vice President of Banking, Insurance and State Enterprises of the Ministry of Economy, CEO, and members of the Board of Directors and the senior managers of the Bank Melli Iran, and also the majority of members and representatives of the Assembly members from the Program and Budget Organization, the Ministry of Jihad, the Ministry of Industry and Trade and Mines, the Ministry of Welfare and the Audit Organization of the country.

Iran, Algeria agree on boosting trade exchanges

TEHRAN – In a meeting between the economy ministers of Iran and Algeria, the two sides have agreed to boost economic exchanges between the two countries, IRNA reported.

‘Iran’s blocked assets in South Korea, other countries to be released soon’

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi has said the country’s frozen foreign currency assets in South Korea and some other countries will be released within the next few weeks, Tasnim News Agency reported.

Iran, Iraq plan to establish 3 joint industrial parks

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi said the country plans to establish three joint industrial parks on the border with the Iraqi provinces of Maysan, Basra, and Wasi.

Iran, China finalize 16 MOUs under 25-year agreement framework

TEHRAN – Iran and China have finalized 16 memorandums of understanding (MOU) under the framework of the two countries’ strategic 25-year agreement, Iranian Finance and Economic Affairs Minister Ehsan Khandouzi announced.

Iran, Hungary sign comprehensive cooperation document

TEHRAN – Iran and Hungary have signed a comprehensive cooperation document at the end of the third meeting of the two countries' Joint Economic Committee held in Budapest on Thursday, IRNA reported.

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BMI supports largest renewable energy PV project in country

Bank Melli Iran (BMI) supported the largest renewable energies photovoltaic (PV) project in the country.

Liquidity growth declines to 35.3%

TEHRAN – Iran’s liquidity growth has declined 5.2 percent in the sixth Iranian calendar month of Shahrivar (ended on September 22) compared to the previous year’s same month, Finance and Economic Affairs Minister Ehsan Khandouzi said on Tuesday.

Economy minister attends IsDB Group annual meeting

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi attend the 2022 Islamic Development Bank (IsDB) Group Annual Meetings which were held during June 1-4 in Egypt.

We will lower corporate tax rates and reduce our reliance on bonds: Khandouzi

We will lower corporate tax rates by 5 percent and reduce our reliance on bonds. We hope to reduce the budget deficit by increasing the salaries of government employees at rates less than the inflation rate, Iran's finance minister Dr. Ehsan Khandouzi wrote in an article for Financial Times.

Condition ripe for significant economic growth: fin. min.

TEHRAN – Iranian Finance and Economic Affair Minister Ehsan Khandouzi said on Thursday that the country has passed over the economic uncertainties of the current fiscal year and the condition is now ripe for achieving significant economic growth in the next Iranian calendar year (begins on March 21).

Oil, gas, condensate revenues expected to reach $35b by late March

TEHRAN – Iran’s oil exports have increased by 40 percent in recent months and the oil, gas, condensate and oil products export revenues are expected to reach $35 billion by the end of the current Iranian calendar year (March 20), Shana reported on Sunday.

Deals to implement Iran-China 25-year co-op agreement to be signed in coming months

TEHRAN - Iranian Finance and Economic Affairs Minister Ehsan Khandouzi has said the 25-year comprehensive cooperation agreement between Iran and China is going to be realized through a series of executive deals which the two countries are going to start signing in the coming months.

New IRICA head appointed

TEHRAN - Iranian Finance and Economic Affairs Minister Ehsan Khandouzi appointed Alireza Moghadasi as the new head of the Islamic Republic of Iran Customs Administration (IRICA), IRIB reported on Tuesday.

CBI, Industry Ministry ink MOU to implement plan for funding production units

TEHRAN – Central Bank of Iran (CBI) and Industry, Mining and Trade Ministry have signed a memorandum of understanding (MOU) with seven acting banks to collaborate on implementing a supply chain financing plan to provide facilities to production units across the country, IRIB reported.

Iran unveils modern domestically-made customs equipment, systems

TEHRAN – Iran unveiled a series of domestically produced smart customs systems and equipment on Monday in a ceremony attended by the country’s Finance and Economic Affairs Minister Ehsan Khandouzi and the Vice President for Science and Technology Sourena Sattari, IRIB reported.

Economy Ministry sets curbing inflation, stabilizing economy as major goals

TEHRAN - Iranian Finance and Economic Affairs Minister Ehsan Khandouzi announced on Wednesday that his ministry has set stabilizing the economy and curbing inflation as major goals for defining future plans, IRNA reported.

Govt. approves Finance Ministry’s roadmap for economic development

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi announced on Wednesday that the government Economic Coordination Headquarters has approved a roadmap proposed by his ministry for economic development and curbing inflation.

Tehran, Dushanbe eye boosting trade level to €500m

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi, in a meeting with Tajikistan’s Ambassador to Tehran Nizamuddin Zahedi on Sunday, stressed the need to take the necessary measures for boosting the two countries’ trade level up to €500 million.