November 22, 2019

Electricity exports to neighbors at 1400 MW per day

TEHRAN- Iran’s total daily electricity exports to the neighboring countries stands at 1400 megawatts (MW), IRIB reported on Thursday, quoting an electricity official.
November 22, 2019

Annual fishery exports to hit $600m by Mar. 2020

TEHRAN- Iran’s annual exports of fishery is anticipated to reach 150,000 tons valued at $600 million in the current Iranian calendar year (ends on March 19, 2020), according to Isa Golshahi, Fishery Organization's director general for quality improveme...
November 22, 2019

TPO to dispatch trade delegation to Italy in mid-Jan. 2020

TEHRAN- Trade Promotion Organization of Iran (TPO) will dispatch a trade delegation to Italy during January 11-14, 2020, TPO portal published. The Iranian delegates are active in the bag and shoes industries.
November 22, 2019

Tehran, Moscow stress expansion of all-out ties

TEHRAN – Iranian Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak met in Moscow on Thursday and stressed expansion of ties in all areas, IRNA reported.
November 20, 2019

Cabinet approves €2b finance for 4 power plant, railway projects

TEHRAN – Iranian cabinet approved €2b finance proposed by Planning and Budget Organization (PBO) for implementation of four power plant and railway projects, IRNA reported.
November 20, 2019

Energy minister to visit Moscow for pursuing Russia’s $5b loan to Iran

TEHRAN- Iranian Energy Minister Reza Ardakanian said that he will leave Tehran for Moscow on Thursday to follow up the issue of Russia’s allocation of $5 billion of loan for implementation of development projects in Iran.
November 20, 2019

‘Lack of roadmap, main problem for Iranian producers’

TEHRAN – Head of Iranian Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) believes lack of a comprehensive roadmap and planning to be the main problem of the country’s productive sector, IRNA reported.
November 20, 2019

Leader urges domestic producers not to wait for sanctions to end

TEHRAN – Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei called on the country’s producers to solely rely on their own capabilities to boost the country’s economy and not to wait for U.S. sanctions to end.
November 20, 2019

3 platforms of South Pars to be installed by Mar. 2020

TEHRAN- Three platforms of South Pars gas field (Iran shares with Qatar in the Persian Gulf) are planned to be installed at their designated offshore places by the end of current Iranian calendar year (March 19, 2020), Shana reported.
November 19, 2019

Next year’s budget bill envisages nearly $23b for Tehran Province

TEHRAN- The governor general of Tehran Province said the budget bill for the next Iranian calendar year (starts on March 20, 2020) has envisaged 9.62 trillion rials (about $22.9 billion) for Tehran Province, IRNA reported.
November 19, 2019

Drinking water to be supplied to 1,124 villages by Mar. 2020

TEHRAN – Iranian Energy Minister Reza Ardakanian announced that drinking water will be supplied to 1,124 villages throughout the country by the end of current Iranian calendar year (March 20, 2020), IRNA reported.
November 19, 2019

Oil ministry announces new terms for offerings at IRENEX

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh on Monday released a statement in which new regulations and procedures for offering oil and gas condensate at Iran Energy Exchange (IRENEX) were listed, Shana reported.
November 19, 2019

Iron ore concentrate output rises 4% in 7 months on year

TEHRAN- Production of iron ore concentrate in Iran during the first seven months of the current Iranian calendar year (March 21-October 22) has risen four percent compared to the same period of time in the past year, IRIB reported on Tuesday citing the...
November 19, 2019

Iran revives gasoline rationing scheme, what to expect

TEHRAN – Four years after President Rouhani decided to put a stop on a fuel rationing plan which was the legacy of President Ahmadinejad’s government, once again on Friday, the government announced a decision on reviving the scheme and also a rise in g...
November 19, 2019

Iran’s international bourse to be set up by Mar. 2020

TEHRAN- Iran will establish its first international bourse by the end of the current Iranian calendar year (March 19, 2020), managing director of Kish Free Zone Organization announced on Monday.
November 19, 2019

TEDPIX up 2,000 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 2,000 points to 304,688 on Tuesday, IRIB reported.
November 19, 2019

Tehran hosting intl. exhibition of household appliances

TEHRAN- The 19th International Exhibition of Household Appliances of Iran kicked off at Tehran Permanent International Fairground on Tuesday, IRNA reported.
November 18, 2019

Several dams, power plants to be inaugurated in Iran by Mar. 2020

TEHRAN – Iranian Energy Minister Reza Ardakanian said nine thermal power plants as well as 10 dams are going to go on stream across the country by the end of the current Iranian calendar year (March 19, 2020), the portal of Energy Ministry (known as Pa...
November 18, 2019

Govt. to pay nearly $72b of cash subsidies next year: PBO head

TEHRAN – Head of Iran’s Planning and Budget Organization (PBO) estimated the total direct and indirect subsides which the government is going to pay to people in the next Iranian calendar year (March 2020-March 2021) to be 3.02 quadrillion rials (about...
November 18, 2019

Imposing duty on exports of iron ore a right decision?

In a bid to prevent the exports of unprocessed minerals, creating more value added and meeting the requirements of domestic producers for the raw materials, Iran has levied a 25-percent duty on the exports of raw minerals (specially iron ore) since Sep...