October 19, 2019

Industrial unit establishment permits rise 19% in 5 months

TEHRAN- Issuance of permits for setting up industrial units in Iran increased 19 percent during the first five months of the current Iranian calendar year (March 21-August 22) compared to the same period of time in the past year, IRIB reported citing t...
October 19, 2019

Iran, Azerbaijan considering border areas for joint industrial parks

TEHRAN – Governor of Ardebil Province in northwest of Iran met with Azerbaijan’s deputy economy minister on Saturday and visited some border regions which have been selected for establishing joint industrial parks, IRNA reported.
October 19, 2019

Iran capable of boosting electricity exports to Afghanistan

TEHRAN – Iranian Energy Minister Reza Ardakanian said the country is cable of boosting its electricity exports to Afghanistan under the framework of the two sides’ energy agreements, IRIB reported on Saturday.
October 19, 2019

Iran’s 5-month tobacco exports rise 10 folds

TEHRAN - Exports of tobacco from Iran have increased by nearly 10 times in the first five months of the current Iranian calendar year (March 21- August 22), Press TV reported citing the data released by Iran’s Ministry of Industry, Mining and Trade.
October 19, 2019

TEDPIX down 3,402 points in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), has fallen 3,402 points to 309,647 during the five working days of the past Iranian calendar week (Saturday to Wednesday), Tasnim news agency reported.
October 19, 2019

U.S. extends sanction waiver for Iraq to continue gas, electricity imports from Iran

TEHRAN - The U.S. has extended a waiver on Iran sanctions, granted to Iraq first in November, to let the Arab country continue gas and electricity imports from Iran for another four-month period, Press TV reported on Thursday, quoting a senior U.S. off...
October 19, 2019

Path for legal trade with Iran open: BICC

TEHRAN - Vice-President of the British-Iranian Chamber of Commerce (BICC) Richard Dalton said on Friday that the channel for legal trade with Iran is still open despite U.S. sanctions against the country.
October 19, 2019

Iran plans to build 200 cargo ships inside country

TEHRAN – Iranian industry, mining and trade minister said Iran is planning to build 200 cargo ships inside the country based on its maritime development program, Tasnim news agency reported.
October 19, 2019

‘EAEU ready for vast trade ties with Iran’

TEHRAN- Eurasian Economic Union (EAEU) is ready for vast trade ties with Iran, Veronika Nikishina, the union’s minister of trade, told IRNA on Saturday.
October 16, 2019

Intl. Iran Downstream Show slated for Feb. 2020

TEHRAN – The first international exhibition of Iranian oil, gas and petrochemical industries downstream sector (Intl. Iran Downstream Show) is going to be held during February 2-4, 2020 at Tehran Permanent International Fairgrounds, Shana reported.
October 16, 2019

Iran, Iraq to synchronize power grids by yearend

TEHRAN - Deputy Head of Iran Electricity Industry Syndicate said power grids of Iran and Iraq will be interconnected by the end of 2019, Mehr news agency reported.
October 16, 2019

ISIPO revives 600 idle production units

TEHRAN – Iran Small Industries and Industrial Parks Organization (ISIPO) has revived 600 idle production units since the beginning of the current Iranian calendar year (March 21, 2019), IRNA reported on Wednesday.
October 16, 2019

Iran plans to hand over major auto makers to private sector

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani said his ministry is planning on handing over the country’s major auto makers to the private sector, IRIB reported.
October 16, 2019

Electricity offerings at IRENEX doubled in a month

TEHRAN – The capacity of electricity offerings at Iran’s Energy Exchange (IRENEX) has doubled in the Iranian calendar month of Shahrivar (August 23-Septemebr 22) compared to its previous month, IRIB reported on Wednesday, quoting an official with Iran’...
October 16, 2019

Monthly steel products exports rise 60% yr/yr

TEHRAN- Iran exported 584,000 tons of steel products during the sixth Iranian calendar month of Shahrivar (August 23-September 22), which was 60 percent more than the figure of the same month in the past year, IRIB reported on Wednesday citing the data...
October 16, 2019

CGT bill to be submitted to cabinet in a week

TEHRAN- Capital gains tax (CGT) bill will be submitted to the cabinet by the end of the current Iranian calendar month of Mehr (October 22), or at most in the first half of the next calendar month of Aban, Iranian deputy finance and economic affairs mi...
October 16, 2019

TEDPIX gains 668 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 668 points to 309,647 on Wednesday, Mehr news agency reported.
October 15, 2019

Industry minister holds talks with private sector representatives

TEHRAN – Representatives of Iran’s private sector met with the Industry, Mining and Trade Minister Reza Rahmani and his deputies on Tuesday at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).
October 15, 2019

Iran 50% self-sufficient in petchem, power plant equipment

TEHRAN – Nearly 50 percent of the equipment and machinery used in Iran’s petrochemical industries, industrial complexes and power plants are build inside the country, Mehr news agency reported on Tuesday, quoting a senior official from Iranian Ministry...
October 15, 2019

Stock market offers $1.9b for funding oil projects in 8 months

TEHRAN - Managing Director of the National Iranian Oil Company (NIOC) Masoud Karbasian said NIOC has managed to attract 80 trillion rials (about $1.9 billion) of funding for oil projects through the stock market during the past eight months.