October 13, 2018

Iran’s central bank authorized to amend banking system

TEHRAN- The Supreme Economic Coordination Council, led by President Hassan Rouhani, approved on Saturday the Central Bank of Iran’s (CBI) program aimed to modify the national banking system, IRNA reported.
October 13, 2018

Painting Booth for Repairing Volvo Cars

Datis Khodro’s central auto service center in Tehran is now equipped with an isolated color booth which is highly capable of reducing contaminants during the coating process. The service is exclusively offered to Volvo drivers.
October 12, 2018

Tehran hosting intl. printing, packaging exhibition

TEHRAN – Tehran is hosting the second edition of Iran’s international exhibition of Printing, Processing and Packaging (IPAP 2018), IRIB reported.
October 12, 2018

Liquidity almost at $392b in a month

TEHRAN- Iran’s liquidity stood at 16.46 quadrillion rials (about $391.9 billion) during the fifth month of the present Iranian calendar year, Mordad (July 23- August 22, 2018), according to a report released by the Central Bank of Iran (CBI).
October 12, 2018

India working out payment mechanism to purchase Iranian oil

TEHRAN- India is yet working out a payment mechanism for continued purchase of Iranian oil, Economic Affairs Secretary at the Indian Finance Ministry Subhash Chandra Garg told CNBC TV18 news channel.
October 12, 2018

OPEC puts Iran’s Sept. oil output at 3.447m bpd

TEHRAN- Iran produced 3.447 million barrels per day (bpd) of oil in September, a 150,000 bpd decrease from 3.597 million bpd in August, according to OPEC’s latest monthly report published on Thursday citing secondary sources.
October 12, 2018

Exports of medical equipment to rise 10-fold

TEHRAN- Iran’s consultant to the health and medical education minister announced that the country plans to increase its exports of medical equipment up to ten times to hit $240 million by the end of the present Iranian calendar year (March 20, 2019), I...
October 10, 2018

TEDPIX gains just 168 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained just 168 points to stand at 181,015 points on Wednesday, IRNA reported.
October 10, 2018

SMEs account for 10% of exports in Iran

TEHRAN- Iran’s small and medium-sized enterprises (SMEs) account for just 10 percent of the country’s exports, according to the managing director of Small Industries Investment Making Fund.
October 10, 2018

Fish production to reach 400,000 tons by March 2019

TEHRAN- Iran’s production of different types of fish is planned to reach 400,000 tons by the end of current Iranian calendar year (March 20, 2019), according to Arsalan Qasemi, the managing director of Iranian Sea Creatures Production and Export Union.
October 10, 2018

Sponge iron production rises 19% in H1

TEHRAN- Production of sponge iron in Iran during the first half of the current Iranian calendar year (March 21-September 22) rose 19 percent compared to the figure of the same period of time in the past year, the head of Iranian Mines and Mining Indust...
October 10, 2018

China receives a 2m-barrel cargo of Iranian oil ahead of sanctions

TEHRAN- China has received the first of its October Iranian crude oil orders on Monday, Reuters reported citing Refinitiv Eikon data and a shipping agent with knowledge of the matter.
October 10, 2018

Iran’s renewable power plants to export electricity

TEHRAN – Iran’s renewable power plants are going to be granted necessary licenses and facilities to be able to export electricity to the neighboring countries, IRNA reported quoting Energy Minister Reza Ardakanian.
October 10, 2018

MINEX 2018 hosting 200 Iranian, foreign companies

TEHRAN- The 7th International Investment Opportunities in Iran’s Mines and Mining Industries Exhibition and Conference kicked off on Tuesday in Tehran, hosting 200 Iranian and foreign participants showcasing their latest equipment and services in this ...
October 10, 2018

Iraq offers to Mediate between Trump, Iran

By Laura Rozen for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Concerned that tensions between Iran and the United States could blow back onto Iraq, a senior Iraqi diplomat said today that Iraq would be willing to facilitate dialogue between […]
October 9, 2018

Euro 4 gasoil production, distribution to jump 100%

TEHRAN – Production and distribution of Euro 4 gasoil across Iran is set to increase by 100 percent by the end of the current Iranian calendar year (March 21, 2019), Shana reported citing the managing director of National Iranian Oil Refining and Distr...
October 9, 2018

Iran REC 2018 running in Tehran

TEHRAN- Iran’s 3rd International Renewable Energy Conference and Exhibition (Iran REC 2018) kicked off on Tuesday in IRIB Conference Center in Tehran, IRIB reported.
October 9, 2018

Customs income at $3.8b in H1

TEHRAN- Iran’s customs income stood at 163 trillion rials (about $3.88 billion) during the first half of the current Iranian calendar year (March 21-September 22), according to the deputy head of Islamic Republic of Iran Customs Administration (IRICA).
October 9, 2018

Development of airports costs $476m since March

TEHRAN- Some 20 trillion rials (about $476 million) has been expended for developing and equipping the country’s airports since the beginning of current Iranian calendar year (March 21), Hossein Esfandiari, the deputy managing director of Iran Airports...
October 9, 2018

Over $123m worth of state-run shares to be divested in a month

TEHRAN- Iranian Privatization Organization (IPO) will offer 5.2 trillion rials (over $123.8 million) of state-run shares to the private sector in the next Iranian calendar month of Aban (October 23-November 21), Seyed Jafar Sobhani, the advisor to the ...