September 1, 2019

Stock market issues 47,000 trading codes in a month

TEHRAN- Some 47,000 new trading codes were issued in Iran’s stock market during the fifth month of current Iranian calendar year, Mordad (July 23-August 22), IRNA quoted Fariba Akhavan, the deputy managing director of Central Securities Depository of I...
September 1, 2019

Mining projects worth over $660m ready to come on stream: IMIDRO

TEHRAN- Seven projects worth more than $660 million are ready to be inaugurated in Iran’s mining sector across the country, IRIB reported on Sunday, quoting head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) as...
September 1, 2019

IRENEX to hold 8th round of heavy crude oil offering

TEHRAN - National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
September 1, 2019

Investment funds laying ground to attract more investors

Investment funds have gained high popularity among the investors over the past two decades.
September 1, 2019

Iran’s external debt drops 7%

TEHRAN - Iran’s debts to foreign lenders in the end of the third Iranian month of Khordad (June 21, 2019) stood at $8.678 billion, showing seven percent decrease compared to the announced figure at the end of the past Iranian calendar year (March 20, 2...
September 1, 2019

Regulations on implementation of oil projects approved

TEHRAN – The issue of implementing Iran's oil projects by domestic contractors was discussed in the 38th session of the country's Supreme Council of Economic Coordination on Saturday and rules and regulations pertain to the subject were approved by the...
September 1, 2019

POGC installs flare jacket of South Pars platform 13A

TEHRAN- Pars Oil and Gas Company (POGC) finished installing the flare jacket of platform 13A of South Pars gas field on its spot in the Persian Gulf waters on Friday, POGC Public Relations Department announced.
August 31, 2019

NIOC goal for indigenizing oil industry equipment over 70% realized

TEHRAN – Many of National Iranian Oil Company (NIOC)’s contracts with domestic manufacturers of oil industry equipment have reached over 70 percent of physical progress, IRNA reported on Saturday.
August 31, 2019

Over $6b of loans paid to SMEs, semi-finished projects in 4 months

TEHRAN – Iran’s Ministry of Industry, Mining and Trade announced that in the first four months of the current Iranian calendar year (March 21-July 22), some 260.7 trillion rials (nearly $6.2 billion) worth of bank loans have been paid to small and medi...
August 31, 2019

IFB base market’s amended regulations for more transparency, efficiency

TEHRAN- The amendments made in the regulations of the base market of Iran's over-the-counter (OTC) exchange market, known as Iran Fara Bourse (IFB), are aimed to boost transparency and also efficiency in this market, IFB Managing Director Amir Hamooni ...
August 31, 2019

CBI mainly focuses on controlling liquidity, supporting domestic production: Hemmati

TEHRAN – Governor of Central Bank of Iran (CBI) said the bank’s current programs are mainly focused on controlling liquidity and supporting domestic production, IRNA reported on Saturday.
August 31, 2019

NIMA supplies over €7.19b for imports of basic goods

TEHRAN- Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied €7.197 billion for imports of basic goods since the beginning of current Iranian calendar year (March 21) up to August 29, IRNA reported on Friday.
August 31, 2019

IRGC wing to construct artificial island

TEHRAN – The Khatam al-Anbiya Construction Base, a business conglomerate and the construction wing of the Islamic Revolution Guards Corps (IRGC), plans to build an artificial island in the Persian Gulf, near Kish Island, a free zone.
August 31, 2019

Over $666m worth of commodities traded at IME in a week

TEHRAN- During weekdays ending up to August 29, while 680.291 million tons (MT) of commodities worth over $666 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 169 percent and 81 percent, respe...
August 31, 2019

Iran targets $50b in exports to neighboring countries

TEHRAN – Iranian Deputy Industry Minister Hossein Modares Khiabani said his ministry has it on the agenda to increase the value of exports to Iran’s 15 neighbors up to $50 billion, Tasnim news agency reported on Saturday.
August 31, 2019

Iranian bank to open branch in India

TEHRAN – Iran’s Bank Pasargad is going to open a branch in India in the next couple of months to help boost trade between the two countries by providing a channel to bypass the U.S. sanctions which have blocked international banking channels, Financial...
August 30, 2019

Liquidity at $475b in a month

TEHRAN- Iran’s liquidity stood at 19.979 quadrillion rials (about $475.69 billion) during the third month of the current Iranian calendar year, Khordad (May 22-June 21), according to a report released by the Central Bank of Iran (CBI).
August 30, 2019

Tax income up 35% in 5 months on year

TEHRAN- Iran’s tax revenues increased 35 percent in the first five months of the current Iranian calendar year (March 21-August 22) from the same period of time in the previous year, IRIB reported quoting Finance and Economic Affairs Minister Farhad De...
August 30, 2019

Renewable power plants’ output tops 3.5b Kwh: energy minister

TEHRAN – Iranian Energy Minister Reza Ardakanian said on Wednesday that the country’s renewable power plants have so far produced over 3.5 billion kilowatt hours (Kwh) of electricity, preventing the production of over 2.461 million tons of greenhouse g...
August 30, 2019

Iran’s petchem output to exceed 100mt by 2021: Zanganeh

TEHRAN – Iran's annual petrochemical output is expected to reach more than 100 million tons by 2021, despite U.S. sanctions, Press TV reported on Thursday, quoting Iranian Oil Minister Bijan Namdar Zanganeh as saying.