ICCIMA holds meeting with Iranian commercial attachés

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted a seminar in collaboration with the foreign ministry to acquaint the country’s commercial attachés with ICCIMA plans and policies, the portal of ICCIMA reported.

China receives first Iranian oil cargo post waivers

TEHRAN – China’s Jinxi Refining and Chemical Complex has received a one-million-barrel cargo of Iranian oil in the first month after the Trump administration ended waivers permitting imports of Iranian oil, Tasnim news agency reported on Wednesday.

Iranian consortium inks MOU with NIOC to develop oilfield

TEHRAN – National Iranian Oil Company (NIOC) has signed a memorandum of understanding with a domestic consortium for developing Band-e-Karkheh oilfield in southwestern Khuzestan Province.

Iran’s oil exports rising despite U.S. pressures: CBI governor

TEHRAN – The governor of Central Bank of Iran (CBI) said the country’s oil exports are following an upward trend despite the U.S. pressures for cutting them to zero, IRNA reported.

Free zones’ export, import problems discussed in a meeting

TEHRAN- Barriers and problems related to the process of exports from Iran’s free trade zones and imports from them were investigated in a meeting attended by Morteza Bank, the secretary of Free Zones High Council, and Reza Rahmani, the minister of industry, mining and trade, on Tuesday.

EU delegation visiting Iran to explore co-op in water management

TEHRAN – The European Union has started cooperating with Iran for managing the country’s water resources, a senior adviser to Iran’s Energy Ministry announced.

Tehran, Islamabad stress expansion of trade ties

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani met with Pakistani Ambassador to Tehran Riffat Masood on Wednesday in Tehran to discuss expansion of trade ties.

Iran to offer incentives for foreign investments of over $250,000

TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand said on Tuesday that the government is providing especial facilities for foreign companies that bring in over $250,000 of investment into the country, IRNA reported.

Iran’s monthly crude steel production up 3.8% yr/yr despite U.S. sanctions

TEHRAN- Production of crude steel in Iran rose 3.8 percent in May 2019 from May 2018, according to the World Steel Association (WSA)’s report.

By Mahnaz Abdi

CGT for more productivity, less reliance on oil income

In order to reduce intention for investment making in non-productive sectors, many countries impose capital gains tax (CGT) which is a tax on capital gains with different rates of taxation for individuals and corporations.