August 27, 2019

Govt. launches project to build 110,000 affordable housing units

TEHRAN – Iranian President Hassan Rouhani officially launched the government’s National Action Plan for Construction and Supply of Housing on Tuesday, inaugurating a project for constructing 110,000 affordable housing units.
August 26, 2019

NIOC plans 10 major oil, gas exploration projects

TEHRAN – National Iranian Oil Company (NIOC) has introduced 10 major oil and gas exploration projects in the company’s Exploration Directorate which are moving forward based on schedule, IRNA reported on Monday.
August 26, 2019

NIDC digs 124 oil, gas wells in a year

TEHRAN- National Iranian Drilling Company (NIDC) has dug 124 oil and gas wells across the country during the past year, Shana reported quoting the managing director of the company as saying on Sunday.
August 26, 2019

Steel products output up 11.6% in 4 months on year

TEHRAN- Production of steel products in Iran has risen 11.6 percent during the first four months of the current Iranian calendar year (March 21-July 22), from that of the same period of time in the past year, IRNA reported citing the data released by t...
August 26, 2019

Projects worth over $330m to be inaugurated in free zones

TEHRAN – On the occasion of the Government Week (August 24-30) 100 development projects worth 14 trillion rials (about $333.3 million) are due to be inaugurated in Iran’s free trade, industrial zones, IRIB reported on Monday citing Iranian Secretariat ...
August 26, 2019

Iran seeks to revive oil pipeline across Iraq to Syria amid sanctions: source

TEHRAN – Tehran has discussed with Baghdad the possibility of reopening a pipeline linking Iran and Syria through Iraqi territory to circumvent sanctions.
August 26, 2019

84% of rural areas connected to gas network: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said 84 percent of the country’s rural areas are supplied with gas through national gas network, IRIB reported.
August 26, 2019

Russia to link banking system with Iran: envoy

TEHRAN - Russia’s Ambassador to Iran Levan Dzhagaryan said on Sunday that Russia and Iran are going to connect their banking systems in near future, IRNA reported.
August 26, 2019

Iran’s leading automaker knows its new CEO

TEHRAN - Iran’s biggest automaker Iran-Khodro Company (IKCO)’s board of directors has elected Deputy Industry Minister Farshad Moqimi as the company’s new CEO, IRIB reported on Monday.
August 25, 2019

TEDPIX up 13,070 points in a month

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), has risen 13,070 points, or 5.17 percent, to 266,127 at the end of the fifth Iranian calendar month of Mordad (August 22), Tasnim news agency reported on Sunday.
August 25, 2019

ICCIMA hosts Iran-Bulgaria business forum

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted an Iran-Bulgaria business forum on Saturday in which the two sides explored ways of expanding economic cooperation, ICCIMA portal reported.
August 25, 2019

Industry ministry takes major steps for promoting domestic production, exports

TEHRAN – Iran’s Ministry of Industry, Mining and Trade has implemented several programs for promoting domestic production and increasing exports in the current Iranian calendar year.
August 25, 2019

Technical, engineering services export, a privilege to boost foreign trade

According to the Association of Iranian Exporters of Technical and Engineering Services, Iran has the potential and capability to export technical and engineering services worth $25 billion in a year.
August 25, 2019

10 major dams to go operational by yearend

TEHRAN – Iranian Energy Minister Reza Ardakanian said 10 major dams are going to be inaugurated in nine provinces across the country by the end of the current Iranian calendar year (March 19, 2020).
August 25, 2019

TPO to dispatch trade delegation to Belarus

TEHRAN- Trade Promotion Organization of Iran (TPO) is going to dispatch a trade delegation to Belarus capital city of Minsk during the Iranian calendar month of Mehr (September 23-October 22), TPO portal reported.
August 25, 2019

Pakistan eager for energy cooperation with Iran

TEHRAN - Pakistan’s Power Minister Omar Ayub Khan has said that his country is looking forward to enhance energy cooperation with Iran, Pakistan Today reported.
August 25, 2019

Zadboum appointed new acting head of TPO

TEHRAN- Iranian Industry Minister Reza Rahmani appointed Hamid Zadboum as the new acting head of Trade Promotion Organization of Iran (TPO), TPO announced on Sunday.
August 24, 2019

Imports of basic goods into Iranian ports up 67% in 5 months

TEHRAN – Some 11 million tons of basic goods were shipped into Iranian ports in the first five months of the current Iranian calendar year (March 21-August 22), 67 percent more than the figure for last year’s same period, ILNA reported.
August 24, 2019

IRENEX to hold 7th 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.
August 24, 2019

Iranian rial regains value by 40% in 8 months: CBI

TEHRAN – Governor of Central Bank of Iran (CBI) said Iranian rial has been strengthened by over 40 percent against U.S. dollar in the past eight months, IRNA reported.