September 19, 2019

Zarif threatens ‘all-out war’ in case of military strike on Iran

Iran's foreign minister has raised the specter of "all-out war" in the event of the US or Saudi military strikes and that Saudi Arabia would have to fight "to the last American soldier."
September 18, 2019

Privatization methods should be amended: fin. min.

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said the government should amend its policies and methods of setting the prices and transferring the shares in the process of privatization, IRIB reported.
September 18, 2019

GDP growth at 0.4% in Q1

TEHRAN- Iran's growth of gross domestic product (GDP) stood at 0.4 percent in the first three months of the current Iranian calendar year (March 21-June 21), Iranian Minister of Finance and Economic Affairs Farhad Dejpasand announced on Wednesday.
September 18, 2019

IMIDRO to hold mining exploration conference on Sept. 24

TEHRAN - Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is planned to hold a conference on Iran’s mining exploration development, opportunities and challenges in Tehran on September 24.
September 18, 2019

Over 103,000 tons of aluminum ingots produced in 5 months

TEHRAN- Iran’s major aluminum producers produced 103,593 tons of aluminum ingots during the first five months of the current Iranian calendar year (March 21-August 22), IRIB reported citing the data released by Iranian Mines and Mining Industries Devel...
September 18, 2019

EOGPC to boost oil production in northeastern Iran

TEHRAN – Managing Director of East Oil and Gas Production Company (EOGPC), a subsidiary of Iranian Central Oil Fields Company (ICOFC) in eastern Iran, said with two new wells being drilled, over 2.5 million cubic meters will be added to the company’s g...
September 18, 2019

Mureza Auto Company to distribute Iranian cars in South Africa

TEHRAN - Mureza Auto Company, an African car brand registered in Zimbabwe and South Africa, plans to assemble and distribute Iranian developed vehicles in Southern Africa through a joint venture with Iran’s SAIPA Group based in Tehran.
September 18, 2019

Oil not to be used as a weapon to achieve political goals: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said oil should not be used as a weapon for achieving political agendas, IRIB reported.
September 17, 2019

EU action to save JCPOA has been just on paper: Salehi

TEHRAN - Ali Akbar Salehi, the chief the Atomic Energy Organization of Iran (AEOI), has said that the European Union's action to save the 2015 nuclear deal, officially called the JCPOA, was good but just on the paper.
September 17, 2019

Iron ore concentrate output exceeds 19m tons in 5 months

TEHRAN- Production of iron ore concentrate in Iran during the first five months of the current Iranian calendar year (March 21 – August 22) reached 19.725 million tons, registering a four-percent rise compared to the same period last year, IRNA reporte...
September 17, 2019

IRICA expediting, facilitating customs processes

Last month, Iran’s Finance and Economic Affairs Minister Farhad Dejpasand in a directive addressing the head of Islamic Republic of Iran Customs Administration (IRICA) obliged the customs administration to take measures for facilitating customs process...
September 17, 2019

Saleh appointed new head of Iranian Privatization Organization

TEHRAN- Alireza Saleh was appointed as the new head of Iranian Privatization Organization (IPO), IRIB reported.
September 17, 2019

Iran, Turkey mulling over trade via national currencies: CBI governor

TEHRAN –In a meeting between Iran and Turkey’s presidents on Monday in Ankara, the two sides stressed expansion of economic and banking ties and emphasized the need for following up on a plan for trade via national currencies, the governor of the Centr...
September 17, 2019

Tehran, Ankara discuss resumption of electricity trade

TEHRAN - Iranian Energy Minister Reza Ardakanian discussed resumption of electricity trade between Iran and Turkey, with his Turkish counterpart Fatih Dönmez in a meeting in Ankara on Monday, the portal of Iran's Energy Ministry (known as Paven) report...
September 17, 2019

SEPAM replaces SWIFT in banking transactions with Russia

TEHRAN – Central Bank of Iran (CBI)’s financial telecommunications system, known as SEPAM, has replaced the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in the country’s financial transactions with Russia, the governor of the Cen...
September 16, 2019

Attack on Saudi oil facilities: consequences and solutions

TEHRAN – As expected, oil markets started Monday trading with an unprecedented jump in prices following the attacks on Saudi Arabia’s oil facilities which wiped nearly five percent of the global oil supply from the market.
September 16, 2019

Iran’s 5-month steel ingot output up 4% on year

TEHRAN - Production of steel ingot by Iran’s 10 major producers exceeded 8.539 million tons in the first five months of the current Iranian calendar year (March 21-August 22), registering a four-percent rise from the same period last year, IRNA reporte...
September 16, 2019

Iran’s PGPIC climbs in ICIS ranking despite sanctions

TEHRAN - Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) has climbed three places to the 35th position in ICIS Top 100 Chemical Companies for 2019, Mehr news agency reported on Monday.
September 16, 2019

‘Oman, a good place for re-export of Iranian products’

TEHRAN- Oman is a good place for re-export of Iranian products especially during the sanction time, portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported quoting the head of Iran-Oman Joint Chamber of Commerce as saying.
September 16, 2019

Bank loans to economic sectors up over 30%

TEHRAN- Iranian banking system’s offered facilities to domestic economic sectors in the first four months of the current Iranian calendar year (March 21-July 22), stood at 2.188 quadrillion rials (about $52.1 billion), rising 30.9 percent from the prev...