November 25, 2019

Exports by Iranian SMEs up $450m in 6.5 month yr/yr

TEHRAN - Iranian small and medium-sized enterprises (SMEs) exported $1.49 billion worth of commodities since the beginning of the current Iranian calendar year (March 21) up to October 7, $450 million more than the figure for last year’s same period.
November 25, 2019

IKIA set to become financial hub in region

TEHRAN – Iran’s Imam Khomeini International Airport (IKIA) City Complex is set to become a financial hub in the region, IRIB reported, quoting the managing director of Imam Khomeini Airport City.
November 25, 2019

NIDC digs 138 oil, gas exploration wells in 4 decades

TEHRAN- National Iranian Drilling Company (NIDC) has dug 138 oil and gas exploration wells in onshore and offshore areas throughout the country in the past four decades after the victory of Islamic Revolution, Shana quoted the managing director of comp...
November 25, 2019

Real estate deals rise in a month

TEHRAN- The number of real estate deals has risen in Iran during the eight Iranian calendar month of Aban (October 23 - November 22) from its previous month, IRIB reported on Monday citing the data released by the Ministry of Transport and Urban Develo...
November 25, 2019

PMO plans to build 92 vessels by 2021

TEHRAN – Iran’s Ports and Maritime Organization (PMO) plans to entrust the country’s private sector with construction of 92 vessels within the next two years, IRIB reported, quoting an official with the organization.
November 25, 2019

South Pars daily gas production soon to reach 680 mcm

TEHRAN- The daily production of gas in Iran’s South Pars gas field will reach over 680 million cubic meters (mcm) in near future, the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field, announced.
November 24, 2019

‘Steady output from North Azadegan oil field at 75,000 bpd’

TEHRAN – Iran’s North Azadegan oil field, which the country shares with Iraq in the West Karoun region, is producing 75,000 barrels per day of oil steadily, Mehr news agency reported on Sunday, quoting the director of the field’s development project....
November 24, 2019

‘IRICA’s connection to national trade system necessary to prevent smuggling’

TEHRAN – Spokesman of Iran’s Headquarters on Fighting Goods and Currency Smuggling says the country’s customs administration (IRICA) should join the national Comprehensive Trade System in order to exchange information and prevent smuggling.
November 24, 2019

TEDPIX gains 151 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 151 points to 305,774 on Sunday, IRIB reported.
November 24, 2019

TPO to host conference on trade with Eurasia on Dec. 1

TEHRAN – Iranian Trade Promotion Organization (TPO) is going to host a major conference on Iran’s trade with Eurasia at Tehran Permanent International Fairgrounds on December 1, the TPO portal reported on Saturday.
November 24, 2019

CNG consumption up 10% following gasoline rationing

TEHRAN – Head of the CNG promotion program at National Iranian Oil Product Distribution Company (NIOPDC) says consumption of compressed natural gas (CNG) in the country has increased by 10 percent since the implementation of the gasoline rationing sche...
November 24, 2019

‘Private sector able to contribute to electricity exports to neighbors’

TEHRAN – Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s Energy Committee said the government should benefit from the capacities and potentials of the private sector in exporting electricity to the neighboring countri...
November 23, 2019

Inflation rate drops 0.9%

TEHRAN- The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on November 22, which marks the end of the eight Iranian calendar month of Aban, stood at 41.1 percent.
November 23, 2019

Monthly value of trades at IFB rises 100% year on year

TEHRAN- The value of trades at Iran's over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), rose 100 percent during the eight Iranian calendar month of Aban (October 22-November 22) compared to the same month of the previous year, Tasnim...
November 23, 2019

Steel ingot production by major producers at 11.9m tons in 7 months

TEHRAN- Production of steel ingot by Iran’s major producers stood at 11.923 million tons during the first seven months of the current Iranian calendar year (March 21-November 22), IRNA reported on Saturday citing the data released by Iranian Mines and ...
November 23, 2019

Govt. bodies ink MOU for building 20,000 small PV systems

TEHRAN – Iran’s Planning and Budget Organization (PBO) inked a memorandum of understanding with Imam Khomeini Relief Foundation and the Organization for Mobilization of the Oppressed for construction of 20,000 photovoltaic power stations (known as PV s...
November 23, 2019

Iran imports 14m tons of basic goods since March

TEHRAN – Nearly 14 million tons of basic goods have been cleared through Iran’s customs since the beginning of the current Iranian calendar year (March 20, 2019), IRNA reported, quoting the head of Islamic Republic of Iran Customs Administration (IRICA...
November 23, 2019

Decision on banning Mahan Air flights, will Italy give in to U.S. pressure?

TEHRAN – Like many other European Countries, Italy is deeply concerned about the U.S’s unilateralism in the international system, and especially as Donald Trump's interference in the internal affairs of other countries has reached a level where Secreta...
November 22, 2019

Afghanistan eyes boosting transit through Iran’s Chabahar Port

TEHRAN - Afghanistan Ambassador to Tehran Abdul Ghafoor Liwal says his country plans to increase commodity transit through Iranian Chabahar Port, IRNA reported.
November 22, 2019

Iran to hold permanent expo to promote domestic production

TEHRAN – Iranian industry, mining and trade minister said a permanent exhibition is going to be established to promote domestic production and indigenizing of the country’s industrial needs, IRIB reported.