November 10, 2019

TEDPIX down 3,063 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 3,063 points to 302,795 on Sunday, IRNA reported.
November 10, 2019

Iranian private sector ready to improve Syria’s power grid

TEHRAN - Deputy head of Iran Electrical Industry Syndicate said Iranian private companies are ready to help Syria reduce losses in the country’s electricity grid, IRNA reported on Sunday.
November 10, 2019

Iran inks MOU with Russia, Kazakhstan for temporary imports of wheat

TEHRAN- Iran signed a memorandum of understanding with Russia and Kazakhstan for temporary imports of wheat from those countries, Iranian deputy agriculture minister announced on Sunday.
November 10, 2019

President inaugurates major development projects in central province

TEHRAN- Iranian President Hassan Rouhani inaugurated some major development projects in the central province of Yazd on Sunday, IRNA reported.
November 10, 2019

Is OPEC stuck in a cycle of endless cuts?

TEHRAN – In its latest annual World Oil Outlook (WOO) report, published last week, the Organization of the Petroleum Exporting Countries (OPEC) predicted its oil production and market share to fall in the years to come.
November 10, 2019

New oil field with 53b barrels of reserve discovered in Iran

TEHRAN – Iranian President Hassan Rouhani announced on Sunday the discovery of a major oil field with an estimated in-place reserve of 53 billion barrels in southwestern Khuzestan province, Shana reported.
November 9, 2019

Establishment of trade offices abroad on agenda

It has been proven that the U.S. cannot achieve its target of driving Iran’s oil exports to zero, but there is no doubt about Trump administration’s maximum pressure strategy toward Iranian economy.
November 9, 2019

Value of trades at IME rises 47% in a week

TEHRAN- During weekdays ended on November 7, while 597,258 tons of commodities worth over $619 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 35 percent and 47 percent, respectively.
November 9, 2019

No worries over stable gas supply during cold season: NIGC

TEHRAN - National Iranian Gas Company (NIGC)’s dispatching director said with the recent increases in South Pars gas field output and new lines and pressure boosting units going on stream along the national gas network, NIGC is ready for sustainable ga...
November 9, 2019

Khazaie appointed as secretary general of ICC Iran committee

TEHRAN – Mohammad Khazaie was appointed as the new secretary general of Iranian committee of International Chamber of Commerce (ICC), the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Saturday.
November 9, 2019

Iran’s Q2 foreign investment up 20% on year

TEHRAN – Iranian finance and economic affairs minister said the foreign investment attracted into the country during the current year’s summer period (June 22-September 22) increased by 20 percent compared to the last year’s same period, ILNA reported ...
November 9, 2019

Conference on Iran-Syria trade opportunities slated for Nov. 12

TEHRAN – A conference on introducing Iran and Syria’s trade and business opportunities is going to be held at Tehran Permanent International Fairgrounds on November 12, Trade Promotion Organization (TPO) of Iran announced.
November 9, 2019

Iran’s intl. auto parts exhibition hosting 80 foreign companies

TEHRAN - Tehran Permanent International Fairgrounds is hosting 700 Iranian and 80 foreign companies from nine countries in the 14th Iran International Auto Parts Exhibition during November 9-12, IRIB reported.
November 8, 2019

Iran supplying 26% of Iraq’s total electricity needs: Iraqi official

TEHRAN – An official with Iraq’s Energy Ministry said Iran is supplying seven gigawatts (GW) of electricity for his country which is over 26 percent of the Arab country’s total electricity consumption.
November 8, 2019

TEDPIX drops 1.4% in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), has fallen 4,328 points, or 1.4 percent, to 305,333 during the five working days of the past Iranian calendar week (Saturday to Wednesday), Tasnim news agency reported.
November 8, 2019

‘Private sector plays significant role in non-oil exports during sanctions’

TEHRAN- Iranian finance and economic affairs minister appreciated the role that the private sector is playing to help the country sustain its non-oil exports during the sanctions time and said, “Fortunately, we managed to continue our non-oil exports, ...
November 8, 2019

Trade agreement with EAEU officially declared to Iranian customs

TEHRAN - Implementation of the free trade agreement between Iran and Eurasian Economic Union (EAEU) was officially notified to customs offices across Iran, IRIB reported on Thursday.
November 8, 2019

NIOC to revise regulations of oil offering at IRENEX

TEHRAN – National Iranian Oil Company (NIOC) has once again decided to revise the regulations pertain to the offering of oil at the country’s energy exchange (IRENEX), IRNA reported on Friday, quoting an NIOC official.
November 8, 2019

Belgian trade delegation to visit Tehran in late-Nov.

TEHRAN – A trade delegation from Belgium’s Wallonia region is scheduled to visit Iran on November 30, to discuss economic cooperation with Iranian counterparts, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) report...
November 8, 2019

Iran, Azerbaijan stress expansion of trade ties

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani and Azerbaijan Republic’s Deputy Prime Minister Shahin Mustafayev stressed expansion of trade ties between the two countries on the sidelines of the Shanghai international expo in China....