Loan defaults of Iranian banks hit $48b

Submitted by MNA on

TEHRAN, Jan. 3 (MNA) -- In its latest report, the Central Bank of Iran (CBI) stated that loan defaults of Iranian banks have reached $48 billion.

Iran's petchem production hits 22m tons

Submitted by MNA on

TEHRAN, Jan. 3 (MNA) – Domestic petrochemical complexes totally produced over 22.693 tons of petrochemicals in the period from March 21 to December 27, 2009.

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