September 22, 2018

PMO seeking to create new container capacity in ports

TEHRAN- Iran’s Ports and Maritime Organization (PMO) is seeking to create new container capacity in the country’s ports to gain more share of container transportation in the region, according to the organization’s head, Mohammad Rastad.
September 22, 2018

Iran’s thermal power plants under annual overhauling program

TEHRAN – Some 448 units in 91 of Iran’s thermal power plants are going under a general overhauling program to get ready for the next year’s demand peak period, IRIB reported citing the Energy Ministry’s portal.
September 22, 2018

First VP calls for ease of releasing imported goods

TEHRAN- Addressing a meeting at the place of Islamic Republic of Iran Customs Administration (IRICA) on Saturday, First Vice President Es’haq Jahangiri underscored the vitality of facilitating releasing procedures of imported goods as one the major exp...
September 22, 2018

A new record for TEDPIX in last day of summer

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) jumped 3,209 points to end trade at 160,538 points in the last day of summer, IRNA reported.
September 22, 2018

$13b allocated to supply basic goods: CBI governor

TEHRAN- Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati announced that $13 billion has been allocated to supply basic goods required in the country, Mehr news agency reported on Saturday.
September 22, 2018

Processed iron ore output rises 19% in 5 months on year

TEHRAN- Iran’s output of processed iron ore increased 19 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, IRIB reported citing the data released by Iran...
September 22, 2018

India set to pay for Iranian oil using rupee from November: sources

India may revert to paying Iran in rupees for the oil it buys from its third largest supplier as U.S. sanctions will from November 4 block use of U.S. dollars to settle such trades, a top official said Thursday.
September 22, 2018

VW rejects Trump envoy’s take on Iran pullout

Carmaker Volkswagen AG rejected on Thursday a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump’s ambassador to Germany, saying its position on the country had not changed.
September 21, 2018

Iran’s exports to U.S. grows 37.8% in 5 months

TEHRAN- During the first five months of the present Iranian calendar year (March 21-August 22, 2018), Iran’s exports to the U.S. reached $45.11 million, increasing by 37.8 percent in comparison with the same time span in the preceding year, according t...
September 21, 2018

$476m of state-run shares divested since March

TEHRAN- Iranian Privatization Organization (IPO) has offered 20 trillion rials (about $476 million) of state-run shares to the private sector since the beginning of the present Iranian calendar year 1397 (March 21, 2018), IRIB reported.
September 21, 2018

Iran will veto any decision against its interests: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran will definitely veto any decision which threatens its interests.
September 20, 2018

US Targets Thai Company Supporting Iranian Airline

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Thailand-based My Aviation Company Limited for acting for or on behalf of Mahan Air, an Iranian airline previously designated for supporting Iran’s terrorism activities.  The action today was taken pursuant to Executive Order (E.O.) 13224, which targets terrorists and those providing support […]
September 18, 2018

Exports from mining sector up 15%

TEHRAN - Iran’s exports of minerals rose 15 percent in the first five months of the current Iranian calendar year (March 21-August 21) compared to the same period last year.
September 18, 2018

Sahraie appointed new director of TSE

TEHRAN- Board of directors at Tehran Stock Exchange appointed Ali Sahraie as the new director of TSE.
September 18, 2018

GDP growth at 1.8% in spring

TEHRAN- Iran's growth of gross domestic product (GDP) stood at 1.8 percent in the first three months of the current Iranian calendar year 1397 (March 21-June 21), corresponding to spring 2018, data released by Central bank of Iran (CBI) showed.
September 17, 2018

Capital market unfazed by economic problems

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 3,058.12 points or 1.97% on Saturday to end trading at 158,119.2. About 4.16 billion shares valued at $120.88 million changed hands at TSE for the day. The index added 3,000 points to rea...
September 17, 2018

‘U.S. sanctions on Iran unproductive & wrong’: Novak

TEHRAN- U.S. sanctions on Iran's oil industry are unproductive and there will be consequences to such a move, Russian Energy Minister Alexander Novak said on Monday.
September 17, 2018

Iran-Iraq trade grew 30% in 5 months

TEHRAN - The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year (March 21- August 22, 2018), director of Iran-Iraq Chamber of Commerce Yahya Al-e Es’haq told Mehr news agency ...
September 17, 2018

Tax revenues exceed $8.5b in 5 months

TEHRAN - The Iranian National Tax Administration collected 366 trillion rials (about $8.57 billion) in tax during the first five months of the current Iranian calendar year (March 21-July 22, 2018), up 10 percent year on year.
September 17, 2018

EU, Iran clearing the way for business and trade

The news that Germany, France & UK are actively considering a “Clearing House” to facilitate Iran's global commerce is probably the most important development in financial & energy markets for many years.