December 11, 2018

U.S., Saudi plans for replacing Iranian gas in Iraq doomed to failure

TEHRAN – Considering Iraq’s geopolitical improvements in the past few years, the Iraqi government has been seeking to improve the country’s infrastructure and one of the main areas of focus has been Iraq’s electricity network and power infrastructures....
December 11, 2018

Minerals export rises 7% in 8 months yr/yr

TEHRAN- The value of Iran’s minerals export during the first eight months of the current Iranian calendar year (March 21-November 21) rose seven percent compared to that of the same period of time in the past year, IRIB reported citing the data release...
December 11, 2018

Iranian MPO, industry ministry ink MOU to create 270,000 jobs

TEHRAN - Management and Planning Organization of Iran (MPO) and the Ministry of Industry, Mining and Trade signed a memorandum of understanding (MOU) based on which the two sides will allocate 210 trillion rials (about $5 billion) to create 270,000 job...
December 11, 2018

‘Iran ditches dollar in transactions with several countries’

TEHRAN- Iran has made mutual monetary agreements with some countries on the way to abolish U.S. dollar in its financial transactions and the issue will be incrementally generalized to other countries in future,” the governor of the Central Bank of Iran...
December 11, 2018

Major water, power projects come on stream

TEHRAN- Iranian First Vice-President Es’haq Jahangiri inaugurated the first phase of the country’s biggest water desalinization project and a 160-megawatt power plant in the southern province of Hormozgan on Tuesday, IRNA reported.
December 10, 2018

Iran-Iraq trade delegation exchange up 137% in 9 months

TEHRAN - Iran's commercial attaché in Iraq said the exchange of trade delegations between Iran and Iraq has increased by 137 percent since March, compared to the same period last year.
December 10, 2018

Iran, China resume banking transactions

TEHRAN- “Iran and China resume their joint banking relations from today”, Deputy Head and speaker of Iran-China Joint Chamber of Commerce Majid-Reza Hariri announced on Sunday, Tasnim news agency reported.
December 10, 2018

TCCIMA honors exemplary exporters

TEHRAN- In a ceremony on Monday, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) honored 15 exemplary exporters of Tehran Province, TCCIMA website reported.
December 10, 2018

Third train of SP phases 22-24 sweetening refinery comes online

TEHRAN- The third train of sweetening refinery of phases 22, 23 and 24 of Iran’s South Pars gas field was put into operation and the phases are ready to receive sour gas, operator of the phases announced.
December 10, 2018

Tehran hosting Caspian states’ meeting on maritime safety, security

TEHRAN- The fourth meeting of Collaboration on Maritime Safety and Security in Caspian Sea kicked off in Tehran on Monday participated by the representatives from five littoral states, IRNA reported.
December 10, 2018

Tehran hosting Caspian Sea littoral states’ meeting on maritime safety, security

TEHRAN- The fourth meeting of Collaboration on Maritime Safety and Security in Caspian Sea kicked off in Tehran on Monday participated by the representatives from five littoral states, IRNA reported.
December 9, 2018

Stock market index rises 73% since March

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has increased 73.3 percent since the beginning of current Iranian calendar year (March 21, 2018), Tasnim news agency reported on Sunday.
December 9, 2018

Iraq welcomes Iranian participation in renovation projects

TEHRAN- In a meeting with the Secretary of the Committee of Expanding Economic Relations with Iraq and Syria Hassan Danaieefar, Iraqi Minister of Construction and Housing Bengin Rikani voiced his country’s tendency for cooperation of Iranian companies ...
December 9, 2018

Dairy products prices drop 9%

TEHRAN- According to the secretary of Iran Dairy Industries Society, the prices of milk and other dairy products experience a decrease of nine percent since Sunday, IRNA reported.
December 9, 2018

Shasta’s new managing director appointed

TEHRAN- Mohammad Rezvanifar was appointed as the new managing director of Iran’s Social Security Investment Company (SSIC, also known by its Persian acronym Shasta), Tasnim news agency reported on Sunday.
December 9, 2018

Renewable power purchase prices to rise 40% in peak periods

TEHRAN - Seyed Mohammad Sadeqzadeh, head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA), said the Energy Ministry is going to increase the guaranteed purchase prices for renewable electricity generation during the year’s...
December 9, 2018

Iran, Russia call for supporting private sectors in sanctions era

TEHRAN- Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and president of Chamber of Commerce and Industry of the Russian Federation stressed the need for supporting the two countries’ private sectors in the sanctions era.
December 8, 2018

Aluminum production by major companies rises 3.2% in 8 months yr/yr

TEHRAN- Iran’s major aluminum producers produced 231,031 tons of aluminum during the eight-month period from March 21 to November 21, which shows 3.2 percent growth from the figure of the same period of time in the past year, according to the data rele...
December 8, 2018

Representatives from 5 Caspian Sea states to meet in Tehran on Monday

TEHRAN- Representatives from five Caspian Sea littoral states are to attend the 4th meeting of Collaboration on Maritime Safety and Security in the Caspian Sea in Tehran on December 10-11, IRNA reported on Saturday.
December 8, 2018

‘Strengthening rial, supplying working capital top priorities of banks’

TEHRAN- In his periodical meeting with directors from state-run and private Iranian banks, the governor of the Central Bank of Iran (CBI) called for the banks to have strengthening the national currency and supplying the working capital of production u...