November 18, 2018

Modoudi appointed acting head of TPO

TEHRAN- Iranian industry minister Reza Rahmani appointed Mohammadreza Modoudi as the acting head of the Trade Promotion Organization of Iran (TPO), IRIB reported on Sunday.
November 18, 2018

Karbasian named as new NIOC director

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh on Sunday appointed Masoud Karbasian, a former economy and finance minister, as the new managing director of the National Iranian Oil Company (NIOC), replacing Ali Kardor.
November 18, 2018

TSE’s main index drops 5,261 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) lost 5,261 points to stand at 173,557 points on Sunday, IRNA reported.
November 18, 2018

Iron ore concentrate output up 18%

TEHRAN- Iran’s production of iron ore concentrate during the seven-month period ended on October 22 rose 18 percent compared to the figure of the same period of time in the past year, IRIB reported on Sunday citing the data released by Iranian Mines an...
November 18, 2018

Iran’s power generation capacity rises 1000 MW since March

TEHRAN- Iran has increased its electricity generation capacity by 1000 megawatts (MW) since the beginning of current Iranian calendar year (March 20, 2018), IRIB reported citing energy ministry’s news portal (known as Paven).
November 18, 2018

Iran’s exports to Iraq rise 30% in 7 months on year

TEHRAN- Iran’s exports to Iraq rose 30 percent during the first seven months of the present Iranian calendar year (March 21-October 22), compared to that of the same time span in the past year, according to the Chairman of Iran-Iraq Joint Chamber of Co...
November 17, 2018

6 new small-scale gold, copper mines to be developed across Iran

TEHRAN – Iran Minerals Production and Supply Company signed a memorandum of understanding with Iran Mine House and a private company for developing six small-scaled gold and copper mines across the country, IRIB reported on Saturday.
November 17, 2018

Tehran to host 18th intl. household appliances in late Nov.

TEHRAN- The 18th International Exhibition of Household Appliances is slated to be held on November 22-25 at Tehran Permanent International Fairgrounds.
November 17, 2018

TEDPIX falls 3,175 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) lost 3,175 points to stand at 178,819 points on Saturday, IRNA reported.
November 17, 2018

Railway fleet to be expanded by new locomotives, wagons

TEHRAN- Some 45 new locomotives, 2,700 new freight wagons, and 97 new passenger wagons will be added to the railway fleet of Iran, IRIB reported on Saturday quoting a deputy at the Islamic Republic of Iran Railways (known as RAI).
November 17, 2018

Exports to bring back $47b of hard currency by Mar. 2019

TEHRAN- Some $47 billion of hard currency will be injected back to domestic financial system via exports by the end of the present Iranian calendar year (March 20, 2019), the governor of the Central Bank of Iran (CBI) announced on social media.
November 17, 2018

State Duma ratifies temporary agreement on free trade zone between EAEU, Iran

The State Duma (lower house of parliament) ratified the temporary agreement on formation of a free trade zone between the Eurasian Economic Union (EAEU) and the Islamic Republic of Iran on Thursday.
November 17, 2018

‘NDF allocates some reserves to market stability, production flourishing’

TEHRAN- Some portion of the reserves of National Development Fund (NDF) has been allocated to market stability and also to production flourishing, Iranian industry, mining and trade minister announced on Thursday.
November 16, 2018

Continuing trade co-op with Iran vital: German official

TEHRAN- “Despite the U.S. sanctions against Iran, German businessmen and entrepreneurs underscore continuation of trade ties with Iran,” an official from the Ministry of Economic Affairs, Transport, Agriculture and Viticulture of Rhineland Palatinate (...
November 16, 2018

We won’t leave Iran’s auto market easily: European exhibitors

TEHRAN- Foreign exhibitors attending the 13th International Auto Parts Exhibition of Iran said they would not leave Iranian market easily, IRNA reported.
November 16, 2018

Solar electricity output to reach 1000MW by March 2019

TEHRAN – Iran’s solar power output is due to reach 1000 megawatts (MW) by the end of the current Iranian calendar year (March 20, 2019), ISNA reported on Friday quoting the Iranian deputy energy minister.
November 14, 2018

OPEC puts Iran’s Oct. oil output at 3.296m bpd

TEHRAN- Iran produced 3.296 million barrels per day (bpd) of oil in October, a 156,000 bpd decrease from 3.452 million bpd in August, according to OPEC’s latest monthly report published on Tuesday citing the secondary sources.
November 14, 2018

Intl. oil, gas, petrochemicals conference held in Bushehr

TEHRAN – The second edition of Iran’s biennial Oil, Gas and Petrochemicals Conference (OGPC) was held in the southwestern Bushehr Province on Wednesday, IRNA reported.
November 14, 2018

Shiraz hosting intl. installation exhibit

TEHRAN- Shiraz is hosting 15th International Exhibition of Cooling, Heating, Installations and Equipment until Friday, IRNA reported.
November 14, 2018

Turkmenistan to host exclusive expo of Iranian goods in Mar. 2019

TEHRAN – Ashgabat, the capital city of Turkmenistan, will host an exclusive exhibition of Iranian goods from March 4 to 6, 2019, the portal of Iran’s Trade Promotion Organization (TPO) published on Wednesday.