September 4, 2019

6th line of Iran’s national gas network ready to go on stream

TEHRAN – Managing Director of the National Iranian Gas Company (NIGC) said the country's two western gas pipelines, namely the sixth and ninth pipelines, will soon be officially inaugurated by President Rouhani, IRIB reported.
September 4, 2019

Over 62,000 tons of LPG sold at IRENEX to foreign buyers

TEHRAN – Some 71,000 tons of liquefied petroleum gas (LPG) was offered at the international ring of Iran Energy Exchange (IRENEX) on Monday of which over 62,000 tons was sold to foreign buyers, IRNA reported.
September 4, 2019

Iran’s LNG exports to Afghanistan quadruples in 5 months

TEHRAN - Export of Liquefied Natural Gas (LNG) from Iran’s Doqaroun border to Afghanistan has increased by 200 percent in the first five months of the current Iranian calendar year (March 21-August 22), Fars New Agency reported, quoting Doqaroun Custom...
September 4, 2019

Domestic companies to renovate 124 passenger wagons

TEHRAN – As the passenger wing of the Islamic Republic of Iran Railways (RAI), Iranian Raja Railway Transport Company has signed deals with three domestic companies for renovating 124 passenger wagons, ILNA reported on Tuesday.
September 4, 2019

Iran, Turkey form preferential trade agreement committee

TEHRAN – Senior officials from Iran and Turkey’s economic sectors met on Tuesday as a committee to follow up on the preferential trade agreement reached between the two countries.
September 3, 2019

Railway fleet receives 213 new domestically-made locomotives, wagons

TEHRAN- Some 213 new domestically-made locomotives and wagons were added to the railway fleet of Iran in a ceremony on Tuesday, IRIB reported.
September 3, 2019

Private sector’s contribution to development of Shahid Rajaee Port rising

Located in Iran’s southern province of Hormozgan, Shaid Rajaee is the country’s largest and best-equipped container port.
September 3, 2019

TEDPIX gains 2,500 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE) rose 2,500 points to 285,573 on Tuesday, IRIB reported.
September 3, 2019

IKAC constructs new building for economic activities

TEHRAN - Imam Khomeini Airport City’s Free Trade Zone has constructed a new building for economic activities, particularly for company registration.
September 3, 2019

$1.6b allocated for modernizing transportation fleet

TEHRAN - Iranian deputy transport minister said National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the country’s transportation fleet, IRIB reported on Tuesday.
September 3, 2019

‘Iranian petchem companies eager for using domestic catalysts’

TEHRAN - Managing Director of Iran’s Petrochemical Research and Technology Company (PRTC) said the country’s petrochemical complexes are keen on utilizing domestic catalysts in their operations, IRIB reported on Monday.
September 3, 2019

Philippines eyes barter trade with Iran

TEHRAN - Philippines Ambassador to Tehran Wilfredo Santos said his country is ready for bartering trade with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
September 3, 2019

Iran, Russia stress implementation of joint projects

TEHRAN - Iranian Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak stressed accelerating the implementation of the two countries’ joint projects in a meeting in Moscow on Monday.
September 2, 2019

Escalating U.S.-China trade war, a blessing in disguise for Iran’s oil industry?!

TEHRAN – The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "cr...
September 2, 2019

Tehran City’s real estate deals down 73% in a month on year

TEHRAN- The number of real estate deals in Tehran City fell 73.7 percent in the fifth Iranian calendar month of Mordad (July 23-August 22), compared to the same month in the past year, Tasnim news agency reported citing the data released by Ministry of...
September 2, 2019

Iran-Armenia economic ties not affected by U.S. sanctions

While the U.S. renewed sanctions on Iran are aimed at isolating the Islamic Republic both politically and economically, Iran’s relations, especially in the economic sectors, with its neighbors are seemed not to be affected by the sanctions.
September 2, 2019

Iran’s 5-month non-oil exports at $17.8b

TEHRAN- Iran exported $17.8 billion of non-oil commodities during the first five months of the current Iranian calendar year (March 21-August 22), IRIB reported on Monday.
September 2, 2019

Tehran, Damascus ink MOU on banking cooperation

TEHRAN – Central banks of Iran and Syria signed a memorandum of Understanding (MOU) on Monday for expansion of banking cooperation between the two countries, IRIB reported.
September 2, 2019

Iranian banks’ foreign assets up 13%

TEHRAN - The total value of Iranian banks’ foreign assets by June 21 stood at 9.245 quadrillion rials (about $220.11 billion), registering a 13-percent rise compared with the corresponding period of last year.
September 2, 2019

Industry ministry takes steps to reform auto sector

TEHRAN – Iranian industry, mining and trade minister said reforming the country’s auto industry requires collaboration of all sectors and the ministry has taken steps in this regard, Shata reported.