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Iran Business and Economic News in Third Week of the October Comp. Star Marine Services

Original Source: www.NewsNow.co.uk

World Bank Predicts 8.7% Contraction for Iran in Fiscal 2019-20

Iran’s economy is expected to contract further by 8.7% in 2019-20 due to external shocks to oil and gas output. Please visit the following link for more information:

https://financialtribune.com/articles/domestic-economy/100303/world-bank-predicts-87-contraction-for-iran-in-fiscal-2019-20

Iran boosting maritime transport despite US sanctions: Official

Iran’s Ports and Maritime Organization (PMO) CEO Mohammad Rastad highlighted the failure of the US sanctions against the country and said despite the economic pressures, Iran’s maritime transport is progressing well. Please visit the following link for more information:

http://www.iran-daily.com/News/260122.html

Industry, mining sectors witness 18% growth in H1

TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani announced that industry and mining sectors of the country have experienced a growth of 18 percent during the first half of the current Iranian calendar year (March 21-September 22) compared to the same period of time in the past year, IRNA reported on Saturday. Please visit the following link for more information:

https://www.tehrantimes.com/news/441051/Industry-mining-sectors-witness-18-growth-in-H1

Read more Newsletter 3RD week of Oct