September 25, 2018

TEDPIX adds 5,993 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 5,993 points to end Tuesday’s trade at 174,618, registering a new record, IRNA reported.
September 25, 2018

TPO to dispatch trade delegation to S. Korea in late Nov.

TEHRAN- Iran’s Trade and Promotion Organization (TPO) plans to dispatch a trade and marketing delegation to South Korea in late November.
September 25, 2018

‘Iranian, Iraqi private sectors going on trade regardless of political issues’

TERHAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s Head Gholam-Hossein Shafeie announced that the major part of Iran-Iraq economic ties relies on the transactions between the two sides’ private sectors, which is not under th...
September 25, 2018

EU, China, Russia defy Trump with plan to keep trading with Iran

The European Union, China and Russia backed a mechanism to allow “legitimate” business to continue with Iran, a plan aimed at sidestepping American sanctions and allowing international trade to continue unimpeded as President Donald Trump pursues his "...
September 25, 2018

Iraq seeks Sanctions Waiver on Iran Energy Trade

Iraq is negotiating with the U.S. for exemptions from the impending snap-back of sanctions against Iran, arguing that it could not cut consumption of Iranian electricity and natural gas immediately without suffering serious economic harm and social instability. An Iraqi delegation was in Washington last week seeking a waiver for its cross-border trade, meeting with […]
September 24, 2018

1,900 semi-finished projects transferred to private sector in a year

TEHRAN- An official form the Management and Planning Organization of Iran (MPO) announced that 1,900 unfinished projects across the country were privatized during the last Iranian calendar Year (ended March 20, 2018), IRIB reported on Monday.
September 24, 2018

Fara Bourse index up 71% in H1

TEHRAN- IFX, the main index of Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), has increased 71 percent to stand at 1,879 points during the first half of current Iranian calendar year (March 21-Setember 22), IRNA reported.
September 24, 2018

Over $107m worth of state-run shares to be divested in a month

TEHRAN- Iranian Privatization Organization (IPO) will offer 4.5 trillion rials (over $107 million) of state-run shares to the private sector in the current Iranian calendar month of Mehr (September 23-October 22), according to an official in the IPO.
September 24, 2018

OPEC defies Trump’s call for more oil, now what ?

The 10th gathering of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and non-OPEC members on Sunday ended, as Iran insisted, without any direct decision on additional supply boost.
September 24, 2018

U.S. dream of zero Iranian oil won’t come true: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that the Joint Ministerial Monitoring Committee (JMMC) meeting’s outcome was a negative response to the demands of U.S. President Donald Trump, ISNA reported.
September 24, 2018

NIDC completes digging operation of 73 oil, gas wells in 5 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 73 oil and gas wells during the first five months of current Iranian calendar year (March 21-August 22), according to an official with the NIDC.
September 24, 2018

External debt down 5.6%

TEHRAN- According to the newest data released by the Central Bank of Iran (CBI), Iran’s debts to foreign lenders in the end of the fourth Iranian month of Tir (July 22, 2018) stood at $10.66 billion, showing 5.6 percent decrease in comparison with anno...
September 24, 2018

Bank loans to economic sector up 15.6%

TEHRAN- According to the latest report released by the Central Bank of Iran (CBI), the granted banking facilities to domestic economic sectors witnessed 15.6 percent growth during the first five months of the present Iranian calendar year (March 21-Aug...
September 24, 2018

Five-month coal extraction at 759,466 tons

TEHRAN- Some 759,466 tons of coal was extracted in Iran during the five-month period from March 21 to August 22, IRNA reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
September 24, 2018

OPEC, Russia rebuff Trump’s call for immediate boost to oil output

OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s calls for action to cool the market.
September 23, 2018

Minerals, mining exports rises 12%

TEHRAN- The value of Iran’s minerals and mining exports stood at $4.418 billion during the first five months of current Iranian calendar year (March 21-August 22), rising 12 percent from the figure of the same period of time in the past year.
September 23, 2018

Iran Plast 2018 to host exhibitors from 15 countries

TEHRAN – The 12th edition of Iran’s International Exhibition of Plastics, Rubber, Machinery and Equipment (Iran Plast 2018) will kick off today at Tehran Permanent International Fairgrounds, Shana reported.
September 23, 2018

Persian Gulf Star Refinery’s daily output to reach 40m liters by March 2019

TEHRAN- Iran’s Persian Gulf Star Refinery (PGSR)’s daily gasoline output will reach 40 million liters by the end of current Iranian calendar year (March 20, 2019) once the third phase of the refinery is complete, according to Soroush Ziglari, the opera...
September 22, 2018

8GW of new power capacity needed to avoid outages: energy minister

TEHRAN – Iran is going to need 8000 megawatts (MW) of new electricity capacity to prevent outages in the next summer, Tasnim news agency reported on Saturday quoting the energy minister.
September 22, 2018

S. Korean companies willing to work with Iran despite U.S. sanctions: envoy

TEHRAN- South Korean companies have not stopped their trade ties with Iran and are willing to work with Iran despite the U.S. reimposition of sanctions, South Korea's Ambassador to Iran Yu Chang Hwang stated.