September 30, 2019

A look into Iran’s PGPIC after sanctions hit the holding

As Iran’s largest petrochemical group which extends to 39 subsidiaries and foreign-based sales agents, Persian Gulf Petrochemical Industries Company (PGPIC) has been considered one of the most profitable entities in the country’s economic body.
September 30, 2019

Exports from Chabahar Port up 100% in H1

TEHRAN- Exports of commodities from Iran’s southeastern port of Chabahar has risen 100 percent during the first half of the current Iranian calendar year (March 21-Septemeber 22) compared to the first half of the past year, according to the head of Por...
September 30, 2019

Iran, Italy discuss launching direct shipping route

TEHRAN - Iran and Italy are mulling over the possibilities of launching a direct shipping route between Chabahar port in southeastern Iran, and Venice in northern Italy, Press TV reported citing the Ports and Maritime Organization of Iran (PMO).
September 29, 2019

Inflation rate at 42.7%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on September 22, which marks the end of the sixth Iranian calendar month of Shahrivar, stood at 42.7 percent, IRIB reported.
September 29, 2019

Paper production up 2.3% in 5 months on year

TEHRAN- Production of paper in Iran rose 2.3 percent during the first five months of the current Iranian calendar year (March 21-August 22) compared to the same period of time in the previous year, IRNA reported citing the data released by the Ministry...
September 29, 2019

‘Azadegan oil field’s production capacity up 400% in 5 years’

TEHRAN –Iran’s Petroleum Engineering and Development Company (PEDEC) said the oil production capacity of South Azadegan oil field in southwestern Iran has increased by 400 percent in the past five years, Shana reported.
September 29, 2019

Private banks ready to support engineering services exports to Iraq

TEHRAN - The head of Iran's Association of Private Banks and Credit Institutions announced their readiness for financial support of exporters of technical and engineering services to Iraq, IRIB reported on Sunday.
September 29, 2019

Housing price down 2.8% in Tehran City in a month

TEHRAN- Housing price in Tehran City has fallen 2.8 percent in the past Iranian calendar month of Shahrivar (ends on September 22) from its previous month, IRNA reported, citing the data release by Central Bank of Iran (CBI).
September 29, 2019

Iran-EU trade at €3b in 7 months

TEHRAN- The trade between Iran and European Union countries during the first seven months of 2019 stood at €3.087 billion, Tasnim news agency reported.
September 28, 2019

NIOC to offer 2m barrels of gas condensate at IRENEX on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of gas condensate at Iran Energy Exchange (IRENEX) on Tuesday, IRIB reported.
September 28, 2019

TEDPIX hits record high of 320,000 points

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE) rose 5,840 points to 320,213 on Saturday, Tasnim news agency reported.
September 28, 2019

Iran’s renewable power generation capacity exceeds 840 MW

TEHRAN - The capacity of Iran’s renewable power plants has reached 841 megawatts (MW), Iranian Energy Ministry’s news portal (known as PAVEN) reported on Saturday.
September 28, 2019

Iran imports over $19b of basic goods in H1

TEHRAN – Governor of the Central Bank of Iran (CBI) said the country imported over $19 billion worth of basic goods in the first six months of the current Iranian calendar year (March 21-September 22), Tasnim news agency reported on Saturday.
September 28, 2019

‘Syria welcomes Iranian investment in mining sector’

TEHRAN - Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)'s Mining Committee said Syria welcomes Iranian private sector’s investment and contribution to the country’s mining projects.
September 28, 2019

Iran, Kazakhstan ink MOU on economic co-op

TEHRAN – Iran and Kazakhstan signed a memorandum of understanding (MOU) for expansion of economic cooperation, the news portal of Iran’s Agriculture Ministry reported.
September 27, 2019

Manufacturing of refrigerators, freezers rises 13.6% in 5 months on year

TEHRAN- Manufacturing of refrigerators and freezers in Iran during the first five months of the current Iranian calendar year (March 21- August 22) has risen 13.6 percent from that of the same period of time in the previous year, IRNA reported citing t...
September 27, 2019

Tehran to host intl. renewable energy conference, exhibition in mid-Oct.

TERHAN – The 4th edition of Iran’s International Renewable Energy Conference and Exhibition (Iran REC 2019) is due to be held during October 14-15 at Tehran IRIB International Conference Center.
September 27, 2019

TEDPIX gains 20,243 points in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), has risen 20,243 points, or seven percent, to 314,409 during the five working days of the past Iranian calendar week (Saturday to Wednesday), Mehr news agency reported.
September 27, 2019

Iran constructing power plant in Syria’s Latakia

TEHRAN - Iranian Energy Minister Reza Ardakanian said on Wednesday that Iran’s Mapna Group has started construction of a major power plant in Syria’s Latakia, Press TV reported.
September 27, 2019

Stock market’s prominent performance in H1

While lagging the parallel markets of foreign currency, gold coin, and real estate behind, Iran’s stock market hit a new record during the first half of the current Iranian calendar year (March 21-September 22), as TEDPIX, the main index of Tehran Stoc...