January 8, 2020

Tehran hosting intl. tire, rubber supply chain expo

TEHRAN – Iran’s third International Exhibition of Tire and Rubber Industry Supply Chain kicked off at the Olympic Hotel in Tehran on Tuesday, IRNA reported.
January 8, 2020

Iran, Vietnam mulling over inking preferential trade agreement

TEHRAN – Iran, and Vietnam are considering signing a preferential trade agreement in order to boost the level of trade between the two countries to $2 billion, IRNA reported.
January 8, 2020

‘Iran ensures safety of commercial vessels passing through its waters’

TEHRAN - Head of Iran’s Ports and Maritime Organization (PMO) said the foreign commercial vessels can pass through Iran’s waters on their normal basis and Iranian ports do not apply any limitation on their passage.
January 8, 2020

Railway fleet to receive 300 domestically-made locomotives, wagons by mid-March

TEHRAN – Iranian Transport and Urban Development Minister Mohammad Eslami said the county’s railway fleet is going to receive 300 new domestically-manufactured wagons and locomotives by the end of the current Iranian calendar year (March 19).
January 7, 2020

1st phase of Garmsar Special Economic Zone goes operational

TEHRAN – The first phase of the Garmsar Special Economic Zone in the southeast of capital Tehran officially went operational, the portal of Industrial Development and Renovation Organization of Iran (IDRO) reported.
January 7, 2020

TEDPIX, IFX dropping more

TEHRAN- Tehran Stock Exchange (TSE) and Iran's over-the-counter (OTC) market known as Iran Fara Bourse (IFB), that began the Iranian week on Saturday with their indexes falling, witnessed more drops on Tuesday, IRNA reported.
January 7, 2020

Commercial profit tax exemption for imported machinery showcased in exhibits

TEHRAN- Iranian cabinet has approved the proposal submitted by Iran International Exhibitions Company to exempt commercial profit tax for the machinery which are imported to be showcased in the exhibitions inside the country, the managing director of t...
January 7, 2020

Currency market fully under control: CBI governor

TEHRAN – The Governor of the Central Bank of Iran (CBI) says the bank is fully controlling the foreign currency market and people should not have any worries over the exchange rates.
January 7, 2020

Govt., private sector discuss business, trade issues in dialogue council

TEHRAN - The 92nd dialogue council of the government and the private sector was held in Tehran on Tuesday to discuss issues pertaining to economy, trade and the market, IRNA reported.
January 7, 2020

South Pars daily gas production capacity up 14mcm

TEHRAN – Daily gas production from Iran’s giant South Pars gas field (in the Persian Gulf) has increased by 14 million cubic meters (mcm), IRNA reported on Tuesday, quoting deputy operator of the phases 22-24 development project.
January 7, 2020

Iran in talks with foreign investors for funding Chabahar airport project

TEHRAN - Chairman of the board of Chabahar Free Trade–Industrial Zone Organization said his organization is in talks with foreign investors for financing the project for the construction of an international airport in the port city.
January 6, 2020

Customs office at Tehran Fairgrounds facilitates trade for foreign exhibitors

TEHRAN- Managing director of Iran International Exhibitions Company said that setting up a customs office at Tehran Permanent International Fairgrounds has facilitated trade exchange for the foreign exhibitors, IRNA reported.
January 6, 2020

MOUs worth $119m signed to indigenize steel industry

TEHRAN- Memorandums of understanding worth five trillion rials (about $119 million) have been signed on indigenizing equipment and technology in steel industry of the country in the current Iranian calendar year (began on March 21, 2019), the head of I...
January 6, 2020

Renewables prevent consuming 1.3bcm of natural gas in Iran

TEHRAN - Director General of the Office of Economic, Social and Environmental Studies at Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) says the country’s renewable power plants have so far prevented the consumption of 1.3 ...
January 6, 2020

‘Adapting to new technologies a prerequisite for improving businesses’

TEHRAN – The secretary of Iran’s 3rd National Conference on Improvement and Rebuilding of Organizations and Businesses says improving the business environment in the country is impossible using the traditional ways, because in the era of the “fourth in...
January 6, 2020

NIOPDC inks MOU for renovation of oil products transport fleet

TEHRAN – National Iranian Oil Products Distribution Company (NIOPDC) signed a trilateral Memorandum of Understanding (MOU) with an Iranian bank and a domestic manufacturer of oil products storages for renovation of its transportation fleet.
January 6, 2020

NIDC indigenizes technology for manufacturing ELC

TEHRAN - Researchers at the National Iranian Drilling Company (NIDC) successfully completed a project for designing and manufacturing Extended Life Coolant (ELC) which is a super air/oil cooler material used in industrial and transportation engines, Ta...
January 5, 2020

TEDPIX, IFX drop on Sunday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 1,518 to 365,815 on Sunday, IRNA reported.
January 5, 2020

Housing price up 70% in 9 months on year

TEHRAN- Iran’s housing market experienced a 70-percent rise in prices during the first nine months of the current Iranian calendar year (March 21-December 21, 2019) compared to the same period of time in the past year, Mehr news agency reported on Sund...
January 5, 2020

TCCIMA to dispatch trade delegation to Greece in late Feb.

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) plans to send a trade delegation to Greece in late February.