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Iran Business and Economic News in Fourth Week of the August Comp. Star Marine Services

Original Source: www.NewsNow.co.uk

Iran to Launch 227 Major Energy, Water Projects in Months: Minister

TEHRAN (Tasnim) – Iranian Energy Minister Reza Ardakanian said by the end of the current Persian calendar year (March 2020), his ministry will inaugurate 227 major energy and water projects in the country. Please visit the following link for more information:

https://www.tasnimnews.com/en/news/2019/08/24/2082088/iran-to-launch-227-major-energy-water-projects-in-months-minister

Inflation rate at 42.2%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on August 22, which marks the end of the fifth Iranian calendar month of Mordad, stood at 42.2 percent, Mehr news agency reported. Please visit the following link for more information:

https://www.tehrantimes.com/news/439546/Inflation-rate-at-42-2-statistical-center

Banks’ Surplus Assets Fall Out of Favor

While the government insists on lenders to get rid of their surplus properties, it seems that this is better said than done. Please visit the following link for more information:

https://financialtribune.com/articles/business-and-markets/99563/banks-surplus-assets-fall-out-of-favor

Read more Newsletter 4TH week of Aug