October 16, 2019

Iran plans to hand over major auto makers to private sector

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani said his ministry is planning on handing over the country’s major auto makers to the private sector, IRIB reported.
October 16, 2019

Electricity offerings at IRENEX doubled in a month

TEHRAN – The capacity of electricity offerings at Iran’s Energy Exchange (IRENEX) has doubled in the Iranian calendar month of Shahrivar (August 23-Septemebr 22) compared to its previous month, IRIB reported on Wednesday, quoting an official with Iran’...
October 16, 2019

Monthly steel products exports rise 60% yr/yr

TEHRAN- Iran exported 584,000 tons of steel products during the sixth Iranian calendar month of Shahrivar (August 23-September 22), which was 60 percent more than the figure of the same month in the past year, IRIB reported on Wednesday citing the data...
October 16, 2019

CGT bill to be submitted to cabinet in a week

TEHRAN- Capital gains tax (CGT) bill will be submitted to the cabinet by the end of the current Iranian calendar month of Mehr (October 22), or at most in the first half of the next calendar month of Aban, Iranian deputy finance and economic affairs mi...
October 16, 2019

TEDPIX gains 668 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 668 points to 309,647 on Wednesday, Mehr news agency reported.
October 15, 2019

Industry minister holds talks with private sector representatives

TEHRAN – Representatives of Iran’s private sector met with the Industry, Mining and Trade Minister Reza Rahmani and his deputies on Tuesday at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).
October 15, 2019

Iran 50% self-sufficient in petchem, power plant equipment

TEHRAN – Nearly 50 percent of the equipment and machinery used in Iran’s petrochemical industries, industrial complexes and power plants are build inside the country, Mehr news agency reported on Tuesday, quoting a senior official from Iranian Ministry...
October 15, 2019

Stock market offers $1.9b for funding oil projects in 8 months

TEHRAN - Managing Director of the National Iranian Oil Company (NIOC) Masoud Karbasian said NIOC has managed to attract 80 trillion rials (about $1.9 billion) of funding for oil projects through the stock market during the past eight months.
October 15, 2019

‘Iran can meet Europe, India’s renewable energy needs’

TEHRAN - Head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) said Iran can supply the energy needs of Europe and India through its great renewable capacities, IRNA reported.
October 15, 2019

Ashgabat hosts 15th Iran-Turkmenistan Joint Economic Committee meeting

TEHRAN – The 15th Iran-Turkmenistan Joint Economic Committee meeting was held on Tuesday in Turkmenistan’s capital Ashgabat, IRNA reported.
October 15, 2019

TSE’s recent performance unique worldwide: Swiss envoy

TEHRAN- “Tehran Stock Exchange (TSE) has had a unique performance among the stock markets of the world during the recent months and it inspired me to visit this exchange market”, Swiss Ambassador to Tehran Markus Leitner told IRIB on Tuesday.
October 15, 2019

Iran, New Zealand discuss boosting bilateral trade through exhibitions

TEHRAN- During a meeting between Bahman Hosseinzadeh, the managing director of Iran International Exhibitions Company, and Hamish MacMaster, New Zealand’s ambassador to Iran, the two sides explored the ways for boosting trade ties between Iran and New ...
October 15, 2019

Iran, New Zealand discuss boosting bilateral trade trough exhibitions

TEHRAN- During a meeting between Bahman Hosseinzadeh, the managing director of Iran International Exhibitions Company, and Hamish MacMaster, New Zealand’s ambassador to Iran, the two sides explored the ways for boosting trade ties between Iran and New ...
October 14, 2019

“Oil for development” budget, challenges and opportunities

TEHRAN – Iran has recently announced that its next fiscal year’s budget is going to be set with less reliance on oil revenues.
October 14, 2019

Annual garden, greenhouse products anticipated to rise 17% by Mar. 2020

TEHRAN- Production of garden and greenhouse products in Iran is anticipated to increase 17 percent in the current Iranian calendar year (ends on March 19, 2020) from that of the previous year, deputy agriculture minister announced.
October 14, 2019

Plan for supplying nomadic households with mobile PV systems underway

TEHRAN – Iran’s Energy Ministry has started a plan for providing 25,000 nomadic households across the country with portable photovoltaic systems so that they could use electricity during migration.
October 14, 2019

TPO offers roadmap for promoting non-oil exports

TEHRAN – Head of Iran’s Trade Promotion Organization (TPO) said a roadmap has been prepared for promoting the country’s non-oil exports to 15 neighboring countries, Tasnim news agency reported on Monday.
October 14, 2019

‘Budget allocated for development projects to rise 53% next year’

TEHRAN – Head of Iran’s Planning and Budget Organization (PBO) said 430 trillion rials (about $10.2 billion) is going to be allocated for development projects in the next year’s budget plan, up 53 percent from the figure for the current year.
October 14, 2019

Iran’s renewable electricity generation capacity doubled

TEHRAN- The capacity of generating electricity from renewable resources has reached 841 megawatts (MW) in Iran, nearly double the figure for the last year’s same period, IRNA reported, quoting an energy official.
October 14, 2019

Chabahar Port’s capacity quadruples in less than 2 years: PMO head

TEHRAN- The head of Iran’s Ports and Maritime Organization (PMO) announced that through inaugurating the first phase of Chabahar Port’s development plan, the port’s capacity has increased four times in less than two years, IRIB reported on Monday.