October 11, 2019

Last platform of South Pars phases 22-24 loaded

TEHRAN- Platform SPD-24B, which is the last platform of the phases 22, 23, 24 of developing South Pars gas field (in the Persian Gulf), was loaded at Sadra yard in the southwestern province of Bushehr on Thursday.
October 9, 2019

Banking system reform: improving or interrupting?

Last week, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September.
October 9, 2019

Iran’s economy won’t wait for Europe: TCCIMA head

TEHRAN – Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) warned Europeans that competitors would replace them in the Iranian market if they procrastinate any further.
October 9, 2019

227 water, electricity projects to be inaugurated by March 2020

TEHRAN- Iranian Energy Minister Reza Ardakanian said 227 major water and electricity projects worth 331.74 trillion rials (about $7.89 billion) will be inaugurated in the country in the second half of the current Iranian calendar year (ends on March 19...
October 9, 2019

Iran, Azerbaijan stress bolstering joint investments

TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand and Azeri Minister of Labor and Social Protection of the Population Sahil Babayev met on Tuesday to discuss ways of boosting trade ties, Shada reported.
October 9, 2019

Saffron export exceeds $78m in 5 months

TEHRAN- Iran exported 74 tons of saffron valued at $78 million during the first five months of the current Iranian calendar year (March 21-August 22), according to an official in the Ministry of Agriculture.
October 9, 2019

New oil, gas fields discovered in Iran

TEHRAN – The director of the National Iranian Oil Company (NIOC)'s Discovery Department has announced the discovering of new oil and gas fields in the country, IRIB reported on Wednesday.
October 9, 2019

Iran self-sufficient in rice production

TEHRAN – Iran has become completely self-sufficient in rice production as it plans to cut up to two million tons of imports a year, Press TV reported, quoting a senior Iranian agriculture ministry official as saying.
October 8, 2019

Number of trading codes at stock market hits 13m

TEHRAN- The number of trading codes at Iran’s stock market has reached 13 million, according to the latest data released by the officials from Iran’s Securities and Exchange Organization (SEO).
October 8, 2019

SP phase 14 to go on stream next Iranian year: Zanganeh

TEHRAN - Phase 14 of South Pars gas field (in the Persian Gulf) is going to come on stream in the upcoming Iranian calendar year of 1399 (starts on March 20, 2020), Shana reported, quoting Iranian Oil Minister Bijan Namdar Zanganeh as saying on Monday.
October 8, 2019

U.S. allies in Asia paying the price for Iran sanctions

TEHRAN – As one of the world’s top oil producers, Iran for long has been among the major crude suppliers to Asia and due to its high quality reserves which are significantly low in sulfur, many Asian refineries are designed to solely process various gr...
October 8, 2019

Reform plan gets underway in state banks: finance minister

TEHRAN – Iran’s Finance and Economic Affairs Minister Farhad Dejpasand announced the start of a banking reform program in government-owned banks, Tasnim news agency reported on Tuesday.
October 8, 2019

Iran’s PMO launches shipping container production line

TEHRAN – Iran’s Ports and Maritime Organization (PMO) has launched a production line for manufacturing multi-purpose shipping containers in collaboration with the Ministry of Transport and Urban Development, the portal of PMO reported.
October 8, 2019

Iran’s active presence in Anuga 2019 to boost foodstuff exports

TEHRAN- High participation of Iranian exhibitors in Germany’s Anuga 2019 exhibition was an opportunity for increasing the exports of Iranian foodstuffs, Bahman Hosseinzadeh, the managing director of Iran International Exhibitions Company, stated.
October 7, 2019

‘Over 3800MW of new power plants to come on stream by next summer’

TEHRAN – Some 3,864 megawatts (MW) capacity of new power plants are planned to be added to Iran’s electricity network by the next summer’s peak consumption period, IRNA reported, quoting the Managing Director of Thermal Power Plants Holding Company (TP...
October 7, 2019

National Exports Day aims to promote Iran’s exports: TPO head

TEHRAN- Iran’s National Day of Exports (October 21), which has been celebrated over the past 22 years, is aimed at promoting the country’s exports status, Hamid Zadboum, the new head of Iran’s Trade Promotion Organization (TPO), said in a press confere...
October 7, 2019

Iran, Germany stress reinforcing trade ties

TEHRAN – Board of directors of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and Germany-Iran Chamber of Commerce and Industry (AHK Iran) held talks on Sunday and emphasized the need to increase coordination in order to strengthe...
October 7, 2019

Iran, Iraq capable of increasing bilateral trade to $20b by 2021: industry min.

TEHRAN – Iranian Minister of Industry, Mining and Trade Reza Rahmani says Iran and Iraq have the potential to increase the value of their bilateral trade to $20 billion dollars by 2021.
October 7, 2019

MINEX 2019 hosting 130 Iranian, foreign companies

TEHRAN- The 8th International Investment Opportunities in Iran’s Mines and Mining Industries Exhibition and Conference (MINEX 2019) kicked off on Monday in Tehran, hosting 130 Iranian and foreign participants.
October 7, 2019

Iran to establish LNG park to develop energy sector: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said his ministry is planning to gather mini-LNG complexes with a total capacity of three million tons in an LNG park, Tasnim news agency reported on Monday.