September 23, 2019

Nearly €8b of non-oil income injected to NIMA in H1

TEHRAN - Iran’s non-oil exporters injected €7.98 billion of their revenues into the Forex Management Integrated System, locally known as NIMA, during the first half of the current Iranian calendar year (March 21-September 22).
September 23, 2019

CBI governor visits Kuwait to attend intl. banking conference

TEHRAN – The governor of Central Bank of Iran (CBI) traveled to Kuwait on Monday to attend an international banking conference in the neighboring country, IRNA reported.
September 22, 2019

CBI forms Open Market Operations executive committee

TEHRAN – The governor of Central Bank of Iran (CBI) has officially announced the formation of an executive committee on Open Market Operations (OMO), introducing the committee members.
September 22, 2019

Rice production surpasses 2.6m tons

TEHRAN- Iranian farmers have managed to produce 2.6 million tons of rice during the current Iranian calendar year (started on March 21), the Secretary of Iran Rice Association Jamil Alizadeh Shayeq announced.
September 22, 2019

Chabahar-Zahedan railway project requires private sector’s contribution

Connecting the ports to the railway network is an issue seriously emphasized and followed up by Iran over the recent years, as the country is strongly pursuing the objective of boosting exports and transit via its ports.
September 22, 2019

Iran exports over $160m worth of oil products via IRENEX in a week

TEHRAN – National Iranian Oil Company sold 450,000 tons of oil products worth $160.656 million at the international ring of Iran Energy Exchange (IRENEX) during the week ended on September 20, IRIB reported.
September 22, 2019

Iran’s currency value stable despite new U.S. sanctions

TEHRAN – Iran’s national currency rial has been holding firm over the past few days despite the new U.S. sanctions which have targeted the country’s central bank and its sovereign wealth fund, Press TV reported.
September 22, 2019

Industry ministry to eliminate nearly $10b of imports by 2023

TEHRAN - Iranian industry minister said by the Iranian calendar year of 1402 (starts in March 2023) nearly $10 billion worth of imports in the country’s industrial sector will be prevented by replacing them with domestically-made products.
September 22, 2019

IRAN PLAST 2019 kicks off in Tehran

TEHRAN- Iran’s 13th International Exhibition of Plastic, Rubber, Machinery and Equipment (IRAN PLAST 2019) kicked off at the Tehran International Permanent Fairground on Sunday, Shana reported.
September 21, 2019

Non-oil exports from Isfahan Province up 180% in 4 months on year

TEHRAN- The value of non-oil exports from Isfahan Province has risen 180 percent during the first four months of the current Iranian calendar year (March 21-July 22) from the same period of time in the past year, Iranian Industry, Mining and Trade Mini...
September 21, 2019

Tehran to host 3rd FUELEX expo on Sept. 22-25

TEHRAN – The 3nd International Exhibition of Fuel Stations and Related Industries (FUELEX) is due to be held during September 22-25, at Tehran Permanent International Fairgrounds, IRIB reported.
September 21, 2019

NIGTC indigenizes new technology to maintain high pressure pipelines

TEHRAN – National Iranian Gas Transmission Company (NIGTC) has localized the technological know-how of repairing high pressure gas pipelines using composite wrapping, Shana reported on Saturday.
September 21, 2019

IRENEX to hold 9th round of heavy crude oil offering on Tuesday

TEHRAN - National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, ISNA reported. The base price for this round of offering, which is the ninth round, is $54.33 per barrel.
September 21, 2019

Value of trades at IME rises 6% in a week

TEHRAN- During weekdays ending on September 19, while 503,221 tons of commodities worth over $595 million were traded at Iran Mercantile Exchange (IME), the market experienced a growth of 17 percent and six percent in its trading volume and value, resp...
September 21, 2019

‘Iran to become a major rail manufacturer in region’

TEHRAN - Iranian Transport Minister Mohammad Eslami said the country will become a major rail track producer in the region in near future, IRNA reported.
September 20, 2019

India renews efforts to persuade U.S. into lifting Iranian oil sanctions

TEHRAN- Following the recent attacks on Saudi Aramco’s oil installations, which have led to disruptions in supplies from Saudi Arabia, Indian authorities have renewed their efforts to persuade the United States to lift sanctions on imports of oil from ...
September 20, 2019

TEDPIX down 1.9% in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), has fallen 5,764 points, or 1.9 percent, to 294,167 during the five working days of the past Iranian calendar week (Saturday to Wednesday), Tasnim news agency reported.
September 20, 2019

‘Banks to offer $23.8b of loans to production units by Mar. 2020’

TEHRAN- Central Bank of Iran (CBI)’s governor announced that one quadrillion rials (about $23.809 billion) of banking loans will be granted to the production units in the country by the end of current Iranian calendar year (March 19, 2020), Mehr news a...
September 20, 2019

Iran-Turkey trade possible to reach $30b despite U.S. sanctions

TEHRAN- During the 27th meeting of Iran-Turkey Joint Economic Committee, which was held in Ankara from September 16 to 18, the two sides investigated different ways of reaching the targeted $30-billion bilateral trade and reiterated that reaching this ...
September 20, 2019

IDRO invests nearly $12m in southeast Iran since March

TEHRAN- Iran’s Industrial Development and Renovation Organization (IDRO) has invested over 500 billion rials (about $11.9 million) for launching and completing industrial projects in the southeastern province of Sistan-Baluchestan since the beginning o...