October 3, 2018

PMO prepares 2 packages to support investment making in ports

TEHRAN- Iran’s Ports and Maritime Organization (PMO) has prepared and approved two supporting packages for the investors that make investment in the country’s ports, according to a director in PMO.
October 2, 2018

Non-oil exports to China increases 11.6% in 6 months on year

TEHRAN- Iran’s value of non-oil exports to China increased 11.62 percent during the first half of the current Iranian calendar year (March 21-September 22) compared to the same period of time in the previous year, according to the data released by the ...
October 2, 2018

Iran to construct 540MW power plant in Syria

TEHRAN – Iranian Mapna Group Company signed a memorandum of understanding (MOU) with Syrian Public Establishment of Electricity for Generation (PEEG) on Tuesday for constructing a 540 megawatt (MW) combined cycle power plant in Syrian port city of Lata...
October 2, 2018

After repeated record lows, rial recovers unexpectedly

Following government’s Saturday measure to grant authority to the Central Bank of Iran (CBI) to interfere in the foreign exchange market in defense of the rial, the Iranian currency started to regain incrementally.
October 1, 2018

Tehran to host IPAP 2018 in mid-Oct.

TEHRAN- The 2nd edition of Iran’s International Printing and Packaging Exhibition (IPAP) will be held at Tehran’s Shahr-e Aftab International Exhibition Center from October 11 to 14, 2018, IRIB reported on Monday.
October 1, 2018

Iran doesn’t have plans for reducing oil output: NIOC

TEHRAN - National Iranian Oil Company (NIOC) doesn’t have any plan for reducing oil output and will continue production at its full capacity, NIOC’s Managing Director Ali Kardor said on Sunday.
October 1, 2018

Iran’s Aug. crude exports to Japan up 65% on year

TEHRAN – Iran’s crude oil exports to Japan jumped 65 percent year on year in August, marking the fourth consecutive month of increase, Platts reported citing Japan’s Ministry of Economy, Trade and Industry (METI)’s trade data.
October 1, 2018

ICOPMAS promoting Iran’s ports, marine status

TEHRAN- Iran’s 13rd Biennial International Conference on Coasts, Ports and Marine Structures (ICOPMAS 2018) will be held at Olympic Hotel in Tehran from November 26 to 28.
October 1, 2018

Crude oil to be offered at stock market as of Sat.

TEHRAN- Crude oil will be offered at Iran Energy Exchange (IRENEX) since Saturday to thwart U.S. sanctions, Deputy Oil Minister Ali Kardor told IRNA on Monday.
October 1, 2018

‘Rail transportation $600m more economic than road’

TEHRAN- The Managing Director of Islamic Republic of Iran Railways (known as RAI) Saied Mohammadzadeh announced that transporting loads via railway can save up to $600 million in comparison with road transportation, Mehr news agency quoted him as sayin...
September 30, 2018

Trade regulations system to be established in trade ministry

TEHRAN- The Iranian parliament (Majlis) on Sunday gave approval to a bill on the establishment of a trade regulations system in the Ministry of Trade within three months, IRNA reported.
September 30, 2018

TEDPIX at about 200,000 points

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 7,697 points to stand at 195,104 points on Sunday, registering a new record again, IRNA reported.
September 30, 2018

Over 2000 rooftop PV systems to be installed across Iran by March 2020

TEHRAN – Iranian households are going to install 2000 new pooftop photovoltaic power stations (known as PV systems) across to country by the end of the next Iranian calendar year (March 2020), pushing the number of such small-scale power plants to reac...
September 30, 2018

Aluminum production up 10% in 5 months yr/yr

TEHRAN- Iran’s major aluminum producers produced 151,691 tons of aluminum during the five-month period from March 21 to August 22, which shows 10 percent growth from the figure of the same period of time in the past year, according to the data released...
September 29, 2018

10m tons of wheat to be purchased at guaranteed price this year: official

TEHRAN – Mohammad Baqer Nobakht, the head of Iran’s Budget and Planning Organization, said in a tweet that near 10 million tons of wheat are estimated to be purchased at guaranteed prices by the end of this year’s harvest season, 10 percent more than l...
September 29, 2018

Iran exports $24m of medical equipment in a year

TEHRAN- Iran exported $24 million of medical equipment to European, Asian and African countries in the past Iranian calendar year (ended on March 20, 2018), according to the vice chairman of the association of Iranian medical equipment exporters.
September 29, 2018

IFB continues consecutive record breaking

TEHRAN- Consecutive record-breakings are being recently witnessed in Iran capital market and of course the country’s over-the-counter (OTC) market known also as Iran Fara Bourse (IFB) is no exception; it’s setting new records high on its 10th anniversa...
September 29, 2018

Private sector suggesting approaches to counter sanctions

The U.S.’s withdrawal from Iran’s nuclear deal and imposing fresh sanctions on the country has put Iran in a new economic condition and under the new condition the role that private sector can play to tackle the sanctions has come under the spotlight.
September 29, 2018

Integrated Trade System unveiled

TEHRAN- Iran’s Integrated Trade System was unveiled on Saturday in the presence of Iran’s ministers of Industry, Mining and Trade Mohammad Shariatmadari and that of Information and Communications Technology (ICT) Mohammad-Javad Azari Jahromi, IRNA repo...
September 29, 2018

Non-oil exports grow 13% in 6 months yr/yr

TEHRAN- Iran’s non-oil exports hit $23.123 billion in the first half of the present Iranian calendar year (March 21- September 22, 2018), growing 13 percent in comparison with the same period in the preceding year, Tasnim news agency reported on Saturd...