July 17, 2018

U.S. plans for wiping Iranian oil is an illusion: VP

TEHRAN - Iranian First Vice President Es’haq Jahangiri said on Monday that The U.S.’s attempts for halting Iranian oil exports to the world markets is an illusion, Shana news agency reported.
July 17, 2018

Iran signs MOUs with Azerbaijan, Nakhchivan on customs co-op

Tehran - The Islamic Republic of Iran Customs Administration (IRICA) signed memorandums of understanding (MOUs) with Azerbaijan Republic and Nakhchivan Autonomous Republic for facilitating and promoting bilateral trade.
July 17, 2018

201 industrial units resume activity in 3 months

TEHRAN- Through supportive measures taken by the government, some 201 industrial units that had stopped their activity resumed their operation during the first quarter of current Iranian calendar year (March 21-June 21), Iranian deputy industry ministe...
July 17, 2018

Major steel producers’ output rises 17% in a quarter on year

TEHRAN- Iran’s major steel producers produced 4.849 million tons of crude steel during the first quarter of current Iranian calendar year (March 21-June 21), with 17-percent growth from the figure of the same period of time in the past year, IRNA repor...
July 17, 2018

$15.2b to be granted to job creation

TEHRAN- Some 654 trillion rials (about %15.2 billion) is predicted to be allocated for job creation by the end of the present Iranian calendar year (March 20, 2019), Iranian Minister of Labor and Welfare Ali Rabiee announced on Monday.
July 16, 2018

Iran warns OPEC, Saudi on violating output-cap agreement

TEHRAN - Iranian oil minister has written separate letters to OPEC President Suhail Al Mazrouei and his Saudi Arabian counterpart warning about the consequences of raising oil production above the allowed targets.
July 16, 2018

Iran Weekly Recap | US Seizing Iran Bitcoins, Digital Ad Market Size & More

This week, we covered the US seizing bitcoins owned by Iranian citizens, Iran digital ad market size, Telegram still being accessible in the country despite the ban and the lifting of the sanctions on China's ZTE.

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July 15, 2018

No need for wheat imports

TEHRAN- The managing director of Government Trading Corporation of Iran announced on Sunday that according to the implemented plan, Iran is self-sufficient in production of wheat and level of wheat imports will remain zero during the present Iranian ca...
July 15, 2018

36 Iranian SMEs attract $2.3b of foreign investments in a year

TEHRAN- Some 36 Iranian small and medium-sized entrepreneurs (SMEs) attracted above $2.3 billion of foreign investments during the previous Iranian calendar year 1396 (ended on March 20, 2018), Managing Director of Iran Small Industries and Industrial ...
July 15, 2018

Stock market index rises 13.7% since March

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has risen 13.7 percent to hit 109.505 points since the beginning of current Iranian calendar year (March 21), Tasnim news agency reported on Sunday.
July 15, 2018

Over 73% of rural areas connected to gas network in 3 months

TEHRAN – National Iranian Gas Company (NIGC)'s Gas Distribution Director Saeid Momeni said 73.6 percent of the country’s rural areas have been connected to the national gas network by the end of the current Iranian calendar year’s first quarter (June 2...
July 15, 2018

French Shipping Group to Pull Out of Iran

By John Lee. French-based shipping group CMA CGM has announced that it is ceasing its Iranian operations, following the threat from the US to blacklist companies doing business with Iran. CMA CGM Chief Executive Rodolphe Saade is quoted as telling a press conference: “Due to the Trump administration, we have decided to end our service […]
July 15, 2018

E3 Agrees to Replace Dollar in Iran Trade: Lavrov

Russia says the three European parties to the Iran nuclear deal have agreed to continue trade ties with Tehran without the US dollar. The European parties to the Joint Comprehensive Plan of Action –Britain, France and Germany- have agreed to maintain trade with Iran independent of the US dollar, Russia’s Foreign Minister Sergei Lavrov said. […]
July 15, 2018

Private sector welcomes secondary forex market

TEHRAN- Establishment of secondary foreign exchange market was one of the main demands of private sector and now that this market is set up private sector welcomes its activity, according to the chairman of Exports Committee of Iran Chamber of Commerce...
July 15, 2018

Annual investment making rises 4.1%

TEHRAN- Investment making in Iran rose 4.1 percent during the past Iranian calendar year (ended on March 20, 2018), Central Bank of Iran (CBI) Governor Valiollah Sief announced.
July 15, 2018

Tax income increases 14% in a year

TEHRAN- According to the latest data released by the Central Bank of Iran (CBI), tax income rose 14.1 percent during the last Iranian calendar year (March 2017- March 2018) to reach 1.15 quadrillion rials (about $26.6 billion), Tasnim news agency repor...
July 15, 2018

Iranian bank gets green light to open branch in Mumbai

TEHRAN – India has approved a proposal from Iran’s Bank Pasargad to open a branch in Mumbai, Indian Express reported on Saturday.
July 14, 2018

Iran unveils anti-sanctions plan

TEHRAN - Mohammad Baqer Nobakht, head of Budget and Planning Organization, unveiled the first section of a comprehensive plan aimed to tackle U.S.-led sanctions against Iran, ISNA reported.
July 14, 2018

Report: Iran AdTech Overview 2018

Iran AdTech Overview 2018, is the second edition of a report conducted by TechRasa with insights into Iran’s digital advertising scene, along with statistics on the country’s Internet and mobile infrastructure.

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July 14, 2018

Total Investments in Iranian Startups Is Estimated to Be Less Than $700M

During a panel with investment advisors in Iran’s startup scene at INOTEX 2018, it was announced that the total investments in startups in Iran is estimated to be less than $700 million.

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