October 23, 2019

Iranian trade center to be opened in Damascus within 3 months

TEHRAN - The chairman of Iran-Syria Joint Trade Committee said the Iranian trade center in Damascus is going to be opened within the next three months, ILNA reported on Wednesday.
October 23, 2019

Annual steel output to rise 3m tons by March 2020: IMIDRO head

TEHRAN- Annual production of crude steel in Iran is planned to rise three million tons to 28 million tons in the current Iranian calendar year (ends on March 19, 2020), the head of Iranian Mines and Mining Industries Development and Renovation Organiza...
October 23, 2019

Iran, Algeria discuss expansion of port, maritime co-op

TEHRAN - A delegation from Algeria’s Ministry of Transport visited Iran’s Emam Khomeini Port in the southwestern province of Khuzestan to explore areas of mutual cooperation and discuss a sister city agreement between the port of Emam Khomeini and the ...
October 23, 2019

17 countries eager for contribution to Chabahar Port development

TEHRAN - Iranian deputy industry minister said 17 countries have expressed willingness for contribution to development of Chabahar Port in southern Iran, Tasnim news agency reported on Wednesday.
October 23, 2019

Domestic manufacturing of auto parts to lower car prices: industry min.

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani said on Wednesday that domestic manufacturing of auto parts is going to lead to a decrease in the prices of passenger cars in the country.
October 22, 2019

Tehran hosting bitumen, asphalt conference, exhibition

TEHRAN –Iran’s 11th National Bitumen, Asphalt and Machinery Conference and Exhibition kicked off in Tehran on Tuesday at the presence of the country’s Transport Minister Mohammad Eslami, the event’s portal reported.
October 22, 2019

Trump is disrupting balance of global economy: analyst

TEHRAN – Iranian Economic Expert and Analyst Mohammad-Ali Kazemian believes that Donald Trump has disrupted the balance of the world economy and the rules of world trade since he took power.
October 22, 2019

500 new villages to be connected to national power grid by March 2020

TEHRAN – Iran’s Power Generation, Distribution and Transmission Company (known as Tavanir) is going to connect 500 new villages to the national electricity network by the end of the current Iranian calendar year (March 19, 2020), IRNA reported, quoting...
October 22, 2019

Nearly $7b paid for development projects in H1

TEHRAN- Head of Iran’s Planning and Budget Organization (PBO) said that 290 trillion rials (about $6.9 billion) has been paid for development projects in the country during the first half of the current Iranian calendar year (March 21-September 22), Ta...
October 22, 2019

Iranian companies sign €60m petchem equipment production agreement

TEHRAN – National Iranian Oil Engineering and Construction Company (NIOEC) signed an agreement with two domestic companies namely Machine Sazi Arak and AzarAb Industries for cooperation on indigenizing the manufacturing of some equipment used in petroc...
October 22, 2019

Agricultural products account for nearly 11% of non-oil exports in 5 months

TEHRAN- Agricultural products constituted 10.97 percent of Iran’s non-oil exports during the first five months of the current Iranian calendar year (March 21-August 22), an official with the Ministry of Agriculture announced on Tuesday.
October 22, 2019

TEDPIX gains 6,141 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 6,141 points to 308,314 on Tuesday, Tasnim news agency reported.
October 22, 2019

Agriculture minister attends TCCIMA board of representatives’ meeting

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) held the seventh meeting of its broad of representatives at the place of the chamber on Tuesday, TCCIMA website published.
October 21, 2019

NIMA supplies over €20b for imports of goods, services since April 2018

TEHRAN - Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied over €20 billion for imports of goods and services since it was launched in April 2018 up to October 20, 2019, IRNA reported.
October 21, 2019

Outlook plan required for copper industry development

Holding 34 million tons of copper reserves, Iran accounts for four present of the world’s total reserves of this metal which is 830 million tons.
October 21, 2019

TEDPIX rises after consecutive days of fall

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 785 points to 302,176 on Monday, after some consecutive days of drop since the beginning of autumn (start of the second half of Iranian calendar year), IRNA reported.
October 21, 2019

‘Budget bill to include development, employment, subsidy plans’

TEHRAN- Head of Iran’s Planning and Budget Organization (PBO) said that three biennial plans on development, subsidies and employment will be attached to the national budget bill for the next Iranian calendar year of 1399 (begins on March 20, 2020) to ...
October 21, 2019

‘Eliminating tax exemption in free zones not on agenda’

TEHRAN - The secretary of Iranian Free Zones High Council said eliminating tax exemptions in the country’s free zones is not on the agenda of any official government or legislative bodies, IRNA reported.
October 21, 2019

PMO offers strategies for boosting non-oil exports

TEHRAN – Head of Iran’s Ports and Maritime Organization has outlined four major strategies followed by his organization for supporting non-oil exports, IRIB reported on Monday.
October 21, 2019

Nearly $1.2b needed to reduce losses in power grid: Energy Ministry

TEHRAN – Iranian Energy Ministry has announced that 50 trillion rials (nearly $1.2 billion) of investment is needed to reduce the energy losses in the country’s electricity network to less than 10 percent, IRNA reported on Monday.