October 7, 2019

No decision made on rationing subsidized gasoline: Majlis speaker

TEHRAN- Iranian parliament (Majlis) speaker Ali Larijani said the parliament has not still made any decision about rationing the subsidized gasoline, Tasnim news agency reported.
October 7, 2019

Turkey seeking ways to boost trade with Iran: envoy

TEHRAN – Turkish Ambassador to Tehran Derya Ors said his country is looking for ways to improve its trade ties with Iran despite the U.S. sanctions, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) reported.
October 6, 2019

‘27 mining study proposals to become practical projects soon’

TEHRAN – Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)’s research center said 27 study proposals received by the organization will become practical research projects in near future, IRIB reported.
October 6, 2019

Transport Ministry inks co-op MOU with Vice-Presidency for Science and Technology

TEHRAN – Iran’s Transport and Urban Development Ministry signed a memorandum of understanding (MOU) with the Vice-Presidency for Science and Technology for cooperation in the fields of road transportation and aviation.
October 6, 2019

Government needs private sector for national development: VP

TEHRAN – Iran’s First Vice President Es’haq Jahangiri said the government needs private sector for progress and development in the country.
October 6, 2019

IRENEX to hold 16th round of offering light crude oil on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at the international ring of Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
October 6, 2019

Iran Air posts annual profit despite U.S. sanctions

TEHRAN - Iran’s National Airline (Iran Air) has reported a surge in operating profits for the past Iranian calendar year (ended in March 2019) despite a surge in aviation costs resulted from the U.S. sanctions on the country.
October 6, 2019

Iran to take all necessary measures to keep oil exports afloat: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran will use any possible way to export its oil, stressing that exporting crude was the country’s legitimate right.
October 6, 2019

Iranian-made Peugeot 301 platform to be used for a number of other domestic cars

TEHRAN- Chief Executive of Iran Khodro Industrial Group (IKCO) Farshad Moqimi said on Friday that ‘Peugeot 301’ sedan will hit the domestic car market during the first half of the next Iranian calendar year (to start on March 20, 2020), Mehr news agenc...
October 6, 2019

Non-oil trade exceeds $42b in H1

TEHRAN- Iran’s value of non-oil trade with other countries stood at over $42 billion during the first half of the current Iranian calendar year (March 21-September 22), the head of Islamic Republic of Iran Customs Administration (IRICA) announced.
October 5, 2019

Azar oil field’s 1st phase of development to be completed by Mar. 2020

TEHRAN - The first phase of the development project of Azar oil field, in western Iran, is expected to be completed by the end of the current Iranian calendar year (March 19, 2020), managing director of Iran's Petroleum Engineering and Development Comp...
October 5, 2019

Economy ministry offers banking reform plan to govt.

TEHRAN – Iran’s Finance and Economic Affairs Minister Farhad Dejpasand said a program for amending the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September.
October 5, 2019

Over $309m of state-run shares divested in H1

TEHRAN- Iranian Privatization Organization (IPO) has offered just 13 billion rials (about $309.5 million) of state-run shares to the private sector during the first half of the current Iranian calendar year (March 21-September 22), IRIB reported.
October 5, 2019

Commodities worth $710m traded at IME in a week

TEHRAN- During the weekdays ended on October 3, while 555,517 tons of commodities worth over $710 million were traded at Iran Mercantile Exchange, the trading volume and value experienced a growth of 20 percent and 32 percent, respectively.
October 5, 2019

Oil offering at IRENEX facing challenges, but will definitely continue

The national budget law for the current Iranian calendar year (started on March 21) obliges the Oil Ministry to offer at least two million barrels of light crude oil, two million barrels of heavy crude oil and two million barrels of gas condensate at t...
October 5, 2019

Industrial projects inaugurated in 3 provinces

TEHRAN – In a two-day visit to the provinces of Qazvin, Gilan and Alborz during October 2-3, Iranian Minister of Industry, Mining and Trade Reza Rahmani visited and inaugurated 13 industrial projects in these provinces.
October 5, 2019

Iran plans to reduce imports by $10b in 2 years

TEHRAN – Iran’s Ministry of Industry, Mining and Trade plans to reduce the country’s imports by $10 billion by the Iranian calendar year 1400 (March 2021-March 2022), IRNA reported on Saturday, quoting the industry minister as saying.
October 4, 2019

TEDPIX rises 4% in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), has risen 11,708 points, or four percent, to 326,117 during the five working days of the past Iranian calendar week (Saturday to Wednesday) which was the second week of the seventh Iranian ...
October 4, 2019

No ship carrying grain is held up outside ports, Iran says

TEHRAN – Iran has denied recent reports suggesting that ships carrying food and grain cargoes have been stuck outside major ports in southern Iran because of payment problems due to U.S. sanctions, Press TV reported.
October 4, 2019

75,000 agricultural wells to be electrified across Iran

TEHRAN - Iran Fuel Conservation Company (IFCC) and the country’s Power Generation and Distribution Company (known as TAVANIR) singed a deal worth $1.2 billion for replacing diesel water pumps in 75,000 agricultural wells with electric ones, Shana repor...