December 17, 2019

Majlis committee approves next year’s budget bill

TEHRAN- The Iranian parliament (Majlis)’s Planning and Budget Committee on Monday approved the 1.988 quadrillion rials (about $473.5 billion) national budget bill for the next Iranian calendar year, starting March 20, Shana reported, quoting a member o...
December 17, 2019

NITC overhauls 10 oil tankers since March

TEHRAN- National Iranian Tanker Company (NITC) has overhauled 10 oil tankers since the beginning of current Iranian calendar year (March 21), the company’s managing director told Mehr news agency.
December 16, 2019

CBI to pay over $4.7b of facilities for Siraf refineries complex

TEHRAN – Central Bank of Iran (CBI) is going to pay 200 trillion rials (over $4.7 billion) of facilities for construction of a series of refineries in Siraf Port in southern Iran, Shana reported, quoting the Oil Minister Bijan Namdar Zanganeh as saying.
December 16, 2019

CAO authorizes 16 domestic companies to build plane parts

TEHRAN - Iran Civil Aviation Organization (CAO) has authorized 16 domestic companies for designing and manufacturing the aviation fleet’s required equipment and items, IRNA reported on Monday, quoting CAO head as saying.
December 16, 2019

Iran’s metals exports to China surge by %150 y/y in March-October

TEHRAN- A new report shows that Iran’s export of various metals and mining products to China have significantly increased this year amid government efforts to broaden its access to new sources of hard currency at a time of increased American pressure o...
December 16, 2019

ETFs valued at $4.5b in Iran

TEHRAN- The value of exchange-traded funds in Iranian stock market has reached 190.6 trillion rials (about $4.53 billion) at the end of the previous Iranian calendar month (November 23), IRIB reported on Monday citing the data released by Iranian Centr...
December 16, 2019

IRICA taking more steps to facilitate imports, combat sanctions

TEHRAN- Since the U.S. re-imposition of sanctions against Iran’s economy, Islamic Republic of Iran Customs Administration (IRICA) has been taking various measures to facilitate customs process both for exports and imports of the commodities to reduce t...
December 16, 2019

Capacity of Iran’s rail freight transport to rise 5m tons

TEHRAN – Head of Islamic Republic of Iran Railways (known as RAI) says the country’s rail freight transportation capacity is going to increase by five million tons in near future, IRIB reported.
December 16, 2019

Iranians welcome dual-fuel cars as gasoline prices rise

TEHRAN – Head of National Iranian Oil Products Distribution Company (NIOPDC) says since the implementation of the gasoline rationing scheme and the increase in the prices, people are leaning more toward dual-fuel cars.
December 16, 2019

Iran denies being on FATF blacklist

TEHRAN - Head of Financial Information Department at Iran’s Ministry of Finance and Economic Affairs rejected the reports that Iran has been put on the Financial Action Task Force (FATF)’s blacklist, IRIB reported.
December 15, 2019

Iran needs over $42b to complete its transport infrastructure projects

TEHRAN – Iran’s Deputy Transport Minister for Resource Planning and Management says the county needs over 1.8 quadrillion rials (about $42.8 billion) of financial resources for completing its transportation infrastructure projects.
December 15, 2019

Trade between Iran, EU at €3.9b in 9 months

TEHRAN- The trade between Iran and European Union countries during the first nine months of 2019 stood at €3.9 billion, ISNA reported.
December 15, 2019

Iran’s daily gas refining capacity reaches 900 mcm

TEHRAN - Daily processing capacity of Iranian gas refineries is has reached 900 million cubic meters, according to the head of National Iranian Gas Company (NIGC)’s Production Coordination and Supervision Directorate, IRIB reported on Sunday.
December 15, 2019

A Key to Success: Financial Inclusion, Literacy, Capability or Investor Education?

TEHRAN- These days, many people and entities are talking about or doing something about enhancing "financial literacy", but few are seen touching upon, as much as they do on financial literacy, other pertinent and perfectly-correlated concepts, i.e, fi...
December 15, 2019

Forex market re-stabilized: CBI governor

TEHRAN –Central Bank of Iran (CBI) Governor Abdolnaser Hemmati said the forex market has been re-stabilized in the country.
December 15, 2019

Chief banker holds talks with economists to discuss monetary issues

TEHRAN – Central Bank of Iran (CBI) hosted a gathering of the country’s economists in Tehran on Sunday, in which the CBI governor discussed issues like stabilization of the foreign exchange market, liquidity control, inflation, and the budget bill with...
December 15, 2019

Germany’s Siemens helping Iran launch 5GW of modern power plants

TEHRAN- Germany’s engineering giant Siemens is backing Iran in plans to launch power plants relying on modern gas turbines that would add some five gigawatts (GW) to the country’s electricity generation capacity.
December 15, 2019

Over 3,000 km of railways, 1,200 km of freeways under construction in Iran

TEHRAN- Iranian Deputy Transport Minister Kheirollah Khademi announced that over 3,000 kilometers of railways and 1,200 kilometers of freeways are currently under construction in the country, IRNA reported.
December 15, 2019

Domestic production saves Iran over €400m in 6 months

TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani said that relying on domestic production has saved €412 million for the country over the past six months in which six desks have been held on the matter, IRNA reported.
December 15, 2019

Iranian bank to offer $1.54b of facilities for manufacturing dual-fuel cars

TEHRAN – Iran’s Mellat Bank has signed a memorandum of understanding (MOU) with the National Iranian Oil Refining and Distribution Company (NIORDC) to allocate 65 trillion rials (about $1.54 billion) for manufacturing dual-fuel vehicles for the country...