November 4, 2019

Over $342b to go to state-run companies in next year’s budget bill

TEHRAN – Head of Iran’s Planning and Budget Organization (PBO) said 14.4 quadrillion rials (over $342.85 billion) is going to be allocated for state-run companies in the next year’s budget plan, ILNA reported.
November 4, 2019

Tehran, Shanghai stock exchanges ink MOU

TEHRAN – Tehran Stock Exchange (TSE) signed a memorandum of understanding (MOU) with Shanghai Stock Exchange (SSE) for expansion of mutual cooperation, IRNA reported on Monday.
November 4, 2019

Industry minister visits Shanghai to negotiate co-op with Chinese officials

TEHRAN – Heading a high-ranking delegation, Iranian Industry, Mining and Trade Minister Reza Rahmani arrived in Shanghai on Monday to hold talks with Chinese officials.
November 4, 2019

Iran, Armenia discuss boosting energy trade

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh met with Armenian Minister of Territorial Administration and Infrastructure Suren Papikyan on Sunday to discuss boosting gas exports to the country in return for importing more electricity, Shana repo...
November 4, 2019

‘32 European SMEs ready to enter Iran’s oil industry’

TEHRAN - Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)’s energy committee says 32 European small and medium-sized enterprises (SMEs) have expressed readiness for participation in Iran’s oil and gas projects.
November 4, 2019

TEDPIX down 4,300 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 4,300 points to 304,676 on Monday, IRIB reported.
November 3, 2019

TEDPIX gains 230 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), has risen 230 points to 308,960 on Sunday, IRIB reported.
November 3, 2019

‘Iranian households welcoming rooftop PV systems’

TEHRAN - Head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) says Iranian households have embraced the renewable energy sources with open arms, IRNA reported.
November 3, 2019

Energy, labor ministries team up for $4.5b job creation plans

TEHRAN – The Ministry of Energy and the Ministry of Cooperatives, Labor, and Social Welfare have signed a memorandum of understanding (MOU) for implementing projects worth 192.81 trillion rials (about $4.59 billion) aimed to create 23,600 job opportuni...
November 3, 2019

ICCIMA ready to set up trade offices abroad

TEHRAN - Head of Iran's Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafei said the chamber is ready to establish five trade offices in five countries to boost the private sector’s role in the national trade.
November 3, 2019

Number of knowledge-based participants in IEE 2019 rises fourfold

TEHRAN – Iranian Deputy Energy Minister Homayoon Haeri said the presence of knowledge-based companies in the 19th Iran International Electricity Exhibition (IEE 2019) has increased fourfold compared to last year’s event.
November 3, 2019

Red meat production down 22% in summer

TEHRAN- Production of red meat in Iran has dropped 22 percent during this year’s summer compared to the same season in the previous year, Statistical Center of Iran (SCI) has announced.
November 2, 2019

NIOPDC to offer 20,000 tons of kerosene at IRENEX on Monday

TEHRAN - National Iranian Oil Products Distribution Company (NIOPDC) is going to offer 20,000 tons of kerosene at the international ring of Iran Energy Exchange (IRENEX) on Monday, ISNA reported.
November 2, 2019

Commodities worth $404m traded at IME in a week

TEHRAN- During weekdays ending up to October 31, while 440,084 tons of commodities worth over $404 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 58 percent and 18 percent, respectively.
November 2, 2019

Trade between Iran, EU at nearly €3.5b in 8 months

TEHRAN- The trade between Iran and European Union countries during the first eight months of 2019 stood at €3.471 billion, Tasnim news agency reported.
November 2, 2019

Bank loans to economic sectors up 26% in H1

TEHRAN- Iranian banking system has offered 3.821 quadrillion rials (about $90.97 billion) to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-Spetember 22), registering a 26-percent rise from the previou...
November 2, 2019

TEDPIX falls 931 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 931 points to 308,730 on Saturday, IRNA reported.
November 2, 2019

Armenia eyes expansion of electricity co-op with Iran

TEHRAN – Armenian minister of territorial administration and infrastructure said Iran could act as an electricity hub in the region to connect Armenia to other nations like Iraq, ILNA reported on Saturday.
November 2, 2019

Iran, Syria ink MOU on electricity co-op

TEHRAN – Iran and Syria signed a memorandum of understanding (MOU) on Saturday for expansion of cooperation in electricity sector, IRNA reported.
November 1, 2019

Steel products output to reach 28m tons by March 2020

TEHRAN – Iran’s steel products output is going to reach 28 million tons by the end of the current Iranian calendar year, IRNA reported, quoting deputy industry, mining and trade minister as saying on Thursday.