September 12, 2018

Russia opposes U.S. sanctions on Iranian oil industry

TEHRAN – Russian Energy Minister Alexander Novak voiced concern over the impact of U.S. sanctions against Iran, Reuters reported.
September 12, 2018

U.S. dollar just few short years away from losing global dominance, investor Jim Rogers tells RT

The United States is the largest debtor nation in the world and “it’s getting worse and worse,” according to investment guru Jim Rogers, who talked to RT on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok.
September 11, 2018

Iran sets Oct. light crude price $1.1 above Oman/Dubai quotes

TEHRAN - The National Iranian Oil Company (NIOC) has set the official selling price (OSP) of its light crude for Asian buyers at $1.1 a barrel above the average of Oman and Dubai quotes, 10 cents higher than the previous month, Reuters reported quoting...
September 11, 2018

Iran’s 4-month oil revenue up over 60% yr/yr

TEHRAN – Iran’s revenues from crude oil and oil products exports reached 419 trillion rials (about $9.98 billion) in the first four months of the current Iranian calendar year (March 21-July 22, 2018) up 60.7 percent compared to its preceding year’s sa...
September 11, 2018

Iran issues tender to buy 30,000 tons rice from India

Iran’s state grains buyer Governmental Trading Corporation (GTC) has issued an international tender to buy 30,000 tons of rice to be sourced from India, European traders said on Monday.
September 11, 2018

Development projects worth $16.6m launched at Mehrabad Intl. Airport

TEHRAN- Seven development projects worth 700 billion rials (about $16.6 million) were launched at Tehran’s Mehrabad International Airport, according to the director general of the airport.
September 11, 2018

New trading codes issuance up 45% since March

TEHRAN- The number of trading codes issued in Tehran Stock Exchange (TSE) has increased 45 percent since the beginning of current Iranian calendar year (March 21) compared to the same period of time in the previous year, TSE spokesman Hamid Rouhbakhsh ...
September 11, 2018

Water, power projects worth $5.7b offered to private sector

TEHRAN- Some 46 power and water projects at the value of 243 trillion rials (about $5.7 billion) were offered to the private sector during a ceremony attended by Iranian Vice President Es’haq Jahangiri on Tuesday.
September 11, 2018

Banking arrears of govt. up 22.4% in a month on year

TEHRAN- Debts of the Iranian government and state-run companies to the banking system hit 2.83 quadrillion rials (about $67.3 billion) in the fourth month of the present Iranian calendar year, Tir (June 22, July 22, 2018), according to the latest repor...
September 10, 2018

Liquidity at above $381b in a month

TEHRAN- Iran’s liquidity stood at 16.02 quadrillion rials (about $381.4 billion) during the fourth month of the present Iranian calendar year, Tir (June 22, July 22, 2018), according to a report released by the Central Bank of Iran (CBI).
September 10, 2018

‘No need for wheat import by next year’

TEHRAN- Iran has been self-reliance in wheat production over the past three years and there is also no need for importing the grain by the next year, Kaveh Zargaran, the chairman of the Agricultural Committee at the Tehran Chamber of Commerce Industrie...
September 10, 2018

Winners of 2nd ‘League of Stock Market Stars’ announced

TEHRAN- The top teams in the second ‘League of Stock Market Stars’ of Iran were announced in a ceremony on Sunday, IRIB reported.
September 10, 2018

Iran, Mongolia discuss expansion of trade ties

TEHRAN – Mojtaba Khosrotaj, the head of Iran’s Trade Promotion Organization (TPO), met with Mongolian Deputy Foreign Minister Battsetseg Batmunkh in Tehran on Sunday to discuss ways of expanding trade ties, the portal of TPO reported.
September 9, 2018

Iran’s specialized exports expo to be held in Côte d’Ivoire

TEHRAN- Iran will hold a specialized exports exhibition in Abidjan, the capital city of Côte d’Ivoire, from November 22 to 24.
September 9, 2018

Iran to set up pavilion in Oman’s infrastructure, industrial projects expo

TEHRAN- Iran will set up a pavilion in Oman’s 8th International Exhibition for Infrastructure and Industrial Projects (Infra Oman 2018) which is planned to be held in Oman Convention and Exhibition Center in Muscat from October 8 to 10, Trade Promotion...
September 9, 2018

A new record registered for TEDPIX

TEHRAN- Gaining 2,605 points to stand at 142,234 points, Tehran Stock Exchange (TSE)’s main index (TEDPIX) registered a new record on Sunday, IRNA reported.
September 9, 2018

India seeking to double bilateral trade with Iran within 5 years

TEHRAN - Indian Commerce and Industry Minister Suresh Prabhu has proposed on Friday to double bilateral trade with Iran in the next five years, Economic Times reported quoting an official.
September 9, 2018

‘Iran won’t refund Total’s investment in South Pars project until it’s operational’

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran will refund French oil and gas major Total’s investments in the phase 11 of South Pars gas field but not until the project becomes operational, Shana reported on Saturday.
September 8, 2018

Iran to set up pavilion in Oman Health Exhibition in late Sept.

TEHRAN- Iran will set up a pavilion in the 8th Oman Health Exhibition which will take place in New Oman Convention & Exhibition Center in Muscat from September 24 to 26, Trade Promotion Organization (TPO) of Iran announced.
September 8, 2018

Pakistan determined to boost Iranian economic ties

TEHRAN- Federal Minister for Finance, Revenue, and Economic Affairs of Pakistan Asad Umar announced his country’s firm decision to develop economic ties with Iran, IRNA reported on Saturday.