October 4, 2019

Iran urges unity, co-op among GECF members

TEHRAN - Iran’s Oil Minister Bijan Namdar Zanganeh on Thursday called for more unity and closer cooperation among the members of the Gas Exporting Countries Forum (GECF), Shana reported.
October 4, 2019

Iran, Turkey stress expansion of trade ties

TEHRAN - Iranian Economy Minister Farhad Dejpasand says Tehran and Ankara are eager for enhancing trade interaction to achieve a target of $30 billion annual trade exchange, Shada reported.
October 4, 2019

220 water, electricity projects to be inaugurated by March 2020

TEHRAN- Iranian Energy Minister Reza Ardakanian said on Thursday that 220 major water and electricity projects will be inaugurated in the country by the end of the current Iranian calendar year (March 19, 2020), Mehr news agency reported.
October 2, 2019

‘Worth of Iran’s minerals, mining industry output to reach $21b’

TEHRAN - Iranian Industry, Mining and Trade Minister Reza Rahmani said the value of the country’s minerals and mining industry products is expected to reach $21 billion in the current Iranian calendar year (ends on March 19, 2020), ILNA reported.
October 2, 2019

Value of trades at Iran’s stock market exceeds $95b

TEHRAN- The value of trades at Iran’s four stock exchanges has reached four quadrillion rials (about $95.238 billion) since the beginning of current Iranian calendar year (March 21), Amir Hamooni, the managing director of Iran's over-the-counter (OTC) ...
October 2, 2019

Iranian rial regains value by 40% in a year: CBI

TEHRAN – Governor of Central Bank of Iran (CBI) said the value of Iranian currency, rial, has recovered by over 40 percent against U.S. dollar in the past 12 months, IRIB reported.
October 2, 2019

Global energy market should be depoliticized: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the global energy sector should be depoliticized and politically-motivated interferences should be substituted by economic logic, multilateralism, partnership and cooperation, Shana reported.
October 2, 2019

EAEU gives Iran 3 years to become a permanent member

TEHRAN – The Eurasian Economic Union (EAEU), of which Iran became a temporary member in 2018, has given the Islamic Republic a three-year time to become a permanent member of the union, Iranian Energy Minister Reza Ardakanian said.
October 2, 2019

Annual steel ingot output estimated to reach 28m tons by Mar. 2020

TEHRAN- Annual production of steel ingot in Iran is predicted to reach 28 million tons in the current Iranian calendar year (ends on March 19, 2020), according to Khodadad Gharibpour, the head of Iranian Mines and Mining Industries Development and Reno...
October 1, 2019

Over $6b of loans paid to SMEs in 5 months

TEHRAN – Iran’s Ministry of Industry, Mining and Trade announced that in the first five months of the current Iranian calendar year (March 21-August 22), some 264.943 trillion rials (nearly $6.3 billion) worth of bank loans have been offered to small a...
October 1, 2019

Technology for reducing sulfur content of vessel fuel indigenized

TEHRAN – Iran has indigenized the technology for reducing the sulfur content of the fuel oil, which is used by the vessels, to less than 0.5 percent, IRIB reported.
October 1, 2019

Domestic manufacturing of home appliances thriving

As the current Iranian calendar year of 1398 is named the year of "Pickup in Production" by Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei and given that realization of this motto toward Iran’s self-reliance is in fact the only way to ta...
October 1, 2019

Iran to build petchem complexes, refineries in Jask port

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the country is planning to build petrochemical complexes as well as refineries in Jask Port in southern Iran.
October 1, 2019

IMF to support all members including CBI: Georgieva

TEHRAN – International Monetary Fund (IMF)’s New Head Kristalina Georgieva said the fund will do its best to provide its support and technical services to all members including Central Bank of Iran (CBI) equally, IRNA reported.
October 1, 2019

Iran’s largest mobile power plant unveiled

TEHRAN – The Passive Defense and Disaster Management Office of Iran’s National Water and Wastewater Company unveiled the country’s largest mobile power plant which is going to be used in sensitive water infrastructure in emergency situations like flood...
October 1, 2019

Oil revenues only go to development sector in next year’s budget

TEHRAN – Iran is going to allocate all revenues from oil sales to the development projects following structural reforms in the next Iranian calendar year’s (March 2020-March 2021) budget bill, IRIB reported on Monday, quoting the head of Planning and B...
October 1, 2019

High presence of companies in exhibitions shows thriving domestic production

TEHRAN- Participation of Iranian companies has noticeably increased in the national and international exhibitions in the current Iranian calendar year (began on March 21) which is a sign of thriving production in the country, according to the managing ...
September 30, 2019

TEDPIX gains 6,488 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE) rose 6,488 points to 324,738 on Sunday, IRNA reported.
September 30, 2019

Watex2019 hosting 260 companies in Tehran

TEHRAN- Some 260 foreign and domestic companies are participating in the 15th Iran International Water and Wastewater Exhibition (Watex 2019) which kicked off on Monday at the Tehran Permanent International Fairgrounds, IRNA reported.
September 30, 2019

PEDEC signs deal with domestic firms for manufacturing electro pumps

TEHRAN – Iran’s Petroleum Engineering and Development Company (PEDEC) signed deals with three Iranian companies on Monday for manufacturing and maintaining electro pumps for an oil pipeline project in southern Iran.