December 8, 2019

Tehran, Muscat explore avenues of economic co-op

TEHRAN – An Iran-Oman business forum was held on Sunday, in which the two countries explored ways of further boosting economic relations, IRNA reported.
December 8, 2019

Acting banks to loan $3b to develop oil industry’s upstream sector

TEHRAN – Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.
December 8, 2019

Iran, Ecuador discuss expansion of trade ties

TEHRAN - Ecuador's Ambassador to Tehran Alejandro Ortega Almeida and Deputy Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Mohammadreza Karbasi met in Tehran on Sunday and discussed expansion of trade ties.
December 8, 2019

Development of 25 small ports to be handed over to private sector

TEHRAN - Deputy of ports and economic affairs at Iran’s Ports and Maritime Organization (PMO) said the organization is planning to hand over the development of 25 small ports across the country to the private sector in the upcoming weeks, ISNA reported...
December 8, 2019

Rationing ables Iran to export 300ml of gasoline per day

TEHRAN - Spokesman of Iranian Oil, Gas and Petrochemical Products Exporters Union (OPEX) said the gasoline rationing scheme has made it possible for the country to export 25-30 million liters of gasoline every day, IRIB reported.
December 8, 2019

Rouhani submits $473b budget bill to Majlis

TEHRAN- President Hassan Rouhani submitted the administration’s draft of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, 2020, to the Majlis on Sunday, IRNA reported.
December 8, 2019

Rouhani submits budget bill to Majlis

TEHRAN- President Hassan Rouhani submitted the administration’s draft of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, 2020, to the Majlis on Sunday, IRNA reported.
December 7, 2019

Commodities worth $738m traded at IME in a week

TEHRAN- During weekdays ended on December 5, approximately 638,838 tons of commodities worth over $738 million were traded at Iran Mercantile Exchange (IME).
December 7, 2019

Govt. to launch national real estate system by March 2020

TEHRAN – The Iranian government is planning on launching a national real estate and housing system, aimed at controlling the country’s housing and real estate market by the end of the current Iranian calendar year (March 19, 2020), Tasnim news agency r...
December 7, 2019

Iran calls for barter trade with S. Africa to overcome banking hurdles

TEHRAN - Deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture said the best way for overcoming Iran and South Africa banking issues is barter trading.
December 7, 2019

President Rouhani to submit budget bill to Majlis on Sunday

TEHRAN - Iranian President Hassan Rouhani is going to submit the bill of the budget for the next Iranian calendar year (to start on March 20, 2020) to Majlis (Iranian parliament) on Sunday, Mehr news agency reported, quoting the head of Iran’s Plan and...
December 7, 2019

Oman trying to expand economic ties with Iran

TEHRAN- Omani minister of commerce and industry said his country is trying to boost its trade and economic ties with Iran, stressing that this goal can be achieved through more cooperation between the two sides’ private sectors.
December 7, 2019

‘40 intl. expos planned to promote exports to neighbors’

TEHRAN - Managing director of Iran International Exhibitions Company said 40 international exhibitions have been planned to be held for promoting exports to the 15 neighboring countries, IRNA reported on Saturday.
December 7, 2019

177th OPEC meeting concluded with good outcomes: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh expressed satisfaction with the outcomes of the 177th Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ meetings which were held during December 5-6, Mehr News Agency reported.
December 6, 2019

Iran, Kyrgyzstan confer on boosting trade up to 10 folds

TEHRAN – Iranian industry, mining, and trade minister said Iran and Kyrgyzstan have agreed to boost their trade turnover to $500 million, ten times more than the current level, in short term.
December 6, 2019

RCUWM-Tehran to increase Iran’s role in region’s water projects

TEHRAN – Iranian Energy Minister Reza Ardakanian said the UNESCO Regional Centre on Urban Water Management (RCUWM-Tehran) has offered new solutions for increasing the role of regional companies, including Iranian firms, in water and energy projects.
December 6, 2019

Tehran, Baku stress expansion of banking ties

TEHRAN - Iran's Finance and Economic Affairs Minister Farhad Dejpasand said on Thursday that Iran and Azerbaijan should take necessary measures to expand their economic ties, especially in the banking sector, IRNA reported.
December 6, 2019

Iran to cooperate in renovating Syria’s water, wastewater networks

TEHRAN – Iran, and Syria signed a memorandum of understanding (MOU) on Thursday for cooperation in renovating Syria’s water and wastewater networks, IRNA reported.
December 6, 2019

No limitations on Iran’s oil output acceptable: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran would not accept any limitations on its oil output and will produce at its full capacity when the U.S. sanctions are removed, Shana reported.
December 4, 2019

Indigenizing modern technology in steel sector nullifies sanctions

While the U.S. unilateral sanctions on Iran in recent years have upset the Iranian industry in some sectors, the statistics indicate that the minerals sector has not been affected by the sanctions, while it’s been also improved.