January 7, 2019

Iran Falls in Ease of Doing Business Index

By John Lee. Iran has been ranked 128th out of 190 countries in the World Bank‘s recent Doing Business 2019 report, down from 124th place the previous year. Top of the list were New Zealand, Singapore and Denmark, with last place going to Somalia, just behind Eritrea and Venezuela. Libya ranked 186th, with Iraq 171st. Doing […]
January 6, 2019

Coal extraction rises 25% in 9 months on year

TEHRAN- Coal extraction increased 25 percent in Iran during the first nine months of the current Iranian calendar year (March 21-Decemebr 21, 2018) compared to the same period of time in the past year, IRNA reported on Sunday quoting Industry, Mining a...
January 6, 2019

TEDPIX gains 168 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 168 points to end Sunday’s trade at 161,275, Tasnim news agency reported.
January 6, 2019

Flare stack of SP phase 13 platforms light

TEHRAN- Flare stack of two platforms of Iran’s South Pars gas field’s phase 13 of development were lighted on Saturday, Shana reported.
January 6, 2019

Draft bill prepared to cut zeroes from national currency

TEHRAN – The Central Bank of Iran (CBI) submitted the draft of a bill to slash four zeroes from the national currency, rial, to the cabinet, Tasnim news agency quoted the governor of the CBI as saying on Sunday.
January 6, 2019

50% of mining exports income injected to NIMA

TEHRAN- According to the latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) domestic mining companies have injected 50 percent of their revenues to the Forex Management Integrated System, lo...
January 6, 2019

Iran “Seeks to Block Instagram”

By John Lee. Officials in Iran are reportedly trying to ban Instagram due to what it deems “immoral” content. According to Israeli news agency Haaretz, Twitter, Facebook and the encrypted messaging service Telegram are all already banned in...
January 5, 2019

Index performance of IFB at 71%

TEHRAN- The performance of IFX, the main index of Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), has hit 71 percent since the beginning of current Iranian calendar year (March 21, 2018), Tasnim news agency reported on Saturday.
January 5, 2019

NIDC’s new projects to go operational soon: director

TEHRAN – Managing director of the National Iranian Drilling Company (NIDC) said some of the company’s new projects are going to go operational in near future, Shana reported on Saturday.
January 5, 2019

Major steel producers’ output rises 18% in 8 months on year

TEHRAN- Iran’s major steel producers produced 16.64 million tons of crude steel during the eight-month period from March 21 to November 21, 2018, with 18 percent growth from the figure of the same period of time in the past year, IRNA reported on Satur...
January 5, 2019

Petchem companies pump $6b of exports revenues to NIMA

TEHRAN- The secretary of Iran’s Association of Petrochemical Industry Corporations (APIC) announced that from the beginning of the present Iranian calendar year (March 21, 2018) up to now petrochemical companies could manage to inject $6.65 billion of ...
January 5, 2019

‘More potential buyers for Iran’s oil despite U.S. sanctions’

TEHRAN – Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia said despite the U.S. sanctions more oil buyers have approached the country for negotiations, Shana reported.
January 5, 2019

New NIOC CEO Appointed

Iranian Minister of Petroleum Bijan Zangeneh has appointed Masoud Karbasian as the new CEO of the National Iranian Oil Company (NIOC). Karbasian has replaced Ali Kardor as NIOC CEO who stepped down from his post because of retirement. (Source: PEDEC)
January 4, 2019

Iran capable of supplying Syria with various food types

TEHRAN- “Iran is able to supply Syria with all types of foodstuff,” the Secretary of the Federation of Iranian Food Association Kaveh Zargaran told Tasnim news agency on Friday.
January 4, 2019

TEDPIX gains 2,455 points in a week

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) increased 2,455 points or two percent to 160,899 during the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, Tasnim news agency reported.
January 4, 2019

Negotiations underway with domestic companies on developing South Pars oil layer

TEHRAN- The managing director of Pars Oil and Gas Company (POGC), which is in charge of developing Iran’s South Pars gas field in the Persian Gulf, said that this company is in talks with a number of Iranian companies on development of the oil layer of...
January 4, 2019

Iran in talks with Turkey, Pakistan, Syria for preferential trade

TEHRAN – Iran is in talks with its neighbors Turkey and Pakistan and also with Syria for conducting preferential trade, IRNA reported quoting Mohammadreza Modoudi, the acting head of Trade Promotion Organization (TPO).
January 4, 2019

‘Banking system reformations on agenda’

TEHRAN- “The Central Bank of Iran (CBI) has neither overlooked nor postponed reformation of banking system during the past recent months,” the central bank’s governor Abdolnasser Hemmati announced underscoring that the bank has always had modification ...
January 4, 2019

Health Minister Resigns

By John Lee. President Hassan Rouhani has reportedly accepted the resignation of Minister for Health Hassan Qazizadeh Hashemi (pictured). Hashemi resigned following a disagreement over proposed cuts to health spending. According to Iran’s PressTV...
January 4, 2019

Official Hails Growing Trend in Iran’s Exports to Iraq

The secretary general of Iran-Iraq joint chamber of commerce highlighted an upward trend in the export of Iranian products to Iraq. In a meeting with Iranian and Iraqi trade delegations, Hamid Hosseini pointed to a growing trend in Iran’s exports to the Arab country, saying its daily value stands at $45 million and sometimes reaches […]