September 28, 2018

Exports from SMEs stands at $7b in H1

TEHRAN- The value of exports from Iran’s small and medium-sized enterprises (SMEs) stood at $7 billion during the first half of current Iranian calendar year (March 21-Septemebr 22), according to Sadeq Najafi, the managing director of Iran Small Indust...
September 28, 2018

Cement, clinker exports from Iran up 17.3% in 5 months yr/yr

TEHRAN- Iran exported 5.819 million tons of cement and clinker in the first five months of the current Iranian calendar year (March 20- August 22), Chairman of Cement Industry Employers Association Seyed Mohammad Atabak told IRNA on Friday.
September 28, 2018

Iran’s 8-month crude steel output rises 21.6% on year: WSA

TEHRAN- Production of crude steel in Iran stood at 16.437 million tons during the first eight months of 2018, indicating 21.6 percent rise from 13.513 million tons in the same period of time in 2017, according to World Steel Association (WSA).
September 28, 2018

Nominal electricity generation capacity exceeds 79GW

TEHRAN – Nominal electricity generation capacity in Iran has increased by 849 megawatts (MW) to 79,325 MW during the first six months of the current Iranian calendar year (March 21-September 22, 2018), Tasnim news agency reported on Friday.
September 28, 2018

Inflation rate at 13.5%: CBI

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate in the twelve-month period ended on September 22, which marks the end of the Iranian calendar month of Shahrivar, stood at 13.5 percent, IRIB reported.
September 28, 2018

Pakistan to cooperate with Russia on underwater gas pipeline from Iran

TEHRAN - Pakistan signed a memorandum of understanding with Russia for cooperation in building an underwater gas pipeline from Iran to Pakistan and India, Xinhua reported citing a statement by the Russian Energy Ministry.
September 28, 2018

Iran to host 11th OSJD conference next week

TEHRAN- The Islamic Republic of Iran Railways (known as RAI) will host 11th OSJD International Freight Conference on October 2-3 in Tehran, IRIB reported.
September 27, 2018

Volvo Halts Iran Truck Assembly under US Pressure

Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because US sanctions are preventing it from being paid, a spokesman for the company said on Monday. Volvo spokesman Fredrik Ivarsson said the trucks group could no longer get paid for any parts it shipped and had therefore decided not to operate in Iran. “With […]
September 26, 2018

India’s government not tell refiners to halt Iranian oil imports

India’s government has not told the country’s oil refiners to halt their imports of Iranian crude, a government source said on Wednesday, even as most Indian refiners have cut down their imports ahead of U.S. sanctions on Iran.
September 26, 2018

TEDPIX gains 6,000 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 6,017 points to stand at 180,635 points on Wednesday, registering a new record again, up 3.45 percent from Tuesday’s record, Tasnim news agency reported.
September 26, 2018

Exports to Iraq up 31% in H1

TEHRAN- Iran’s exports to Iraq rose 31 percent during the first half of the present Iranian calendar year (March 21-September 22), according to the Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es’haq.
September 26, 2018

Iranian trade delegation to visit Kazakhstan in late October

TEHRAN- Iran-Kazakhstan Joint Chamber of Commerce plans to dispatch an Iranian trade delegation to Kazakhstan in late October, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) published.
September 26, 2018

SP platforms 13B, 13D loaded at Bushehr yard

TEHRAN- Platform 13B and 13D of Iran’s South Pars gas field (in the Persian Gulf) was loaded at Sadra yard in the southwestern province of Bushehr on Tuesday and Wednesday.
September 26, 2018

Saffron export rises 33% in 5 months on year

TEHRAN- Iran’s saffron exports increased 33 percent during the first five months of the current Iranian calendar year (March 21-August 22) compared to the same period of time in the past year, according to the latest data released by the Islamic Republ...
September 26, 2018

Oil eases, but Iran sanctions keep prices near late 2014 highs

Oil prices eased on Wednesday but were still set for a fifth consecutive monthly quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.
September 26, 2018

Iran’s H1 oil revenues 16% more than budget estimates

TEHRAN - Iran’s oil incomes during the first half of the current Iranian calendar year (March 21-September 22) exceeded the estimations in the country’s budget plans by 16 percent, IRNA reported on Wednesday quoting the head of Budget and Planning Orga...
September 26, 2018

New Payment System to Dodge Iran Sanctions

By John Lee. The remaining members of the Joint Comprehensive Plan of Action (JCPOA) have said they will set up a new payment system to maintain business with Iran and bypass US sanctions. The system, the details of which are still to be determined, would allow businesses to continue trading with Iran without using dollars. The […]
September 26, 2018

Trump: Nuclear Deal “a Windfall for Iran’s Leaders”

By John Lee. Donald Trump has described the Iran nuclear deal as a windfall for Iran’s leaders. Addressing the 73rd Session of the United Nations General Assembly in New York on Tuesday, the US President added that since the deal was reached, Iran’s military budget has grown nearly 40 percent. “Every solution to the humanitarian […]
September 26, 2018

Iran announces ban on exports of tomato

TEHRAN- Iranian Ministry of Industry, Mining and Trade has banned exports of tomato as the price of fruit has sharply increased recently, Tasnim news agency reported.
September 26, 2018

Real estate deals down 19% in a month

TEHRAN- The number of real estate deals fell 19.6 percent in the past Iranian calendar month of Shahrivar (August 23-September 22), Tasnim news agency reported on Tuesday.