July 27, 2019

IRENEX to hold 5th round of heavy crude oil offering on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
July 27, 2019

Manufacturing of refrigerators, freezers rises 16% in a quarter on year

TEHRAN- Manufacturing of refrigerators and freezers in Iran during the first quarter of current Iranian calendar year (March 21- June 21) has risen 16 percent from that of the same period of time in the previous year, IRNA reported on Saturday citing t...
July 27, 2019

Did Trump’s ‘Plan B’ For Iran Just Fail?

The Trump administration’s plan to rally global naval powers to protect shipping lanes in the Persian Gulf is not progressing very well.
July 26, 2019

26% rise in industrial unit establishment permits

TEHRAN- Issuance of permits for setting up industrial units in Iran increased 26 percent in spring, which corresponds to the first quarter of Iranian calendar year, IRNA reported citing the data released by the Ministry of Industry, Mining and Trade.
July 26, 2019

Over 42,000 tons of car tires produced in 3 months

TEHRAN – Some 42,200 tons of car tires were produced by Iranian producers during spring (March 21-June 21), IRNA reported citing industry ministry data.
July 26, 2019

Finance minister calls for upgrading financial supervision system

TEHRAN - Iranian Minister of Finance and Economic Affairs Farhad Dejpasand has called for establishing a comprehensive model for upgrading the country’s financial supervision system, Mehr news agency reported.
July 26, 2019

Tehran, Baghdad ink agreement for developing trade ties

TEHRAN – Iran and Iraq signed an agreement on July 22 to facilitate trade between the two sides and remove barriers in the way of developing economic ties, IRNA reported.
July 26, 2019

Iran, China explore avenues of agricultural co-op

TEHRAN - Iran's Agriculture Minister Mahmood Hojjati, who is visiting Beijing heading a trade delegation, held talks with his Chinese counterpart on Friday to discuss expansion of relations especially in agriculture sector, IRNA reported.
July 26, 2019

Sri Lanka set to resume tea exports to Iran

TEHRAN - Sri Lanka is determined to resume its tea exports to Iran, Colombo Page reported on Thursday.
July 26, 2019

Tajikistan willing to revive economic relations with Iran

TEHRAN – Tajikistan's new ambassador to Iran, Nizamuddin Zahedi, has stressed the need for reviving his country’s economic ties with Iran calling for Iranian investors’ serious presence in Tajikistan, the portal of Iran Chamber of Commerce, Industries,...
July 26, 2019

Supertanker successfully overhauled

TEHRAN – National Iranian Tanker Company (NITC) successfully finished the overhaul operation of supertanker “DORE” after a month, IRIB reported on Thursday.
July 24, 2019

Steel ingot output up 3.7% in a quarter on year

TEHRAN- Production of steel ingot in Iran during spring, which corresponds to the first quarter of Iranian calendar year, stood at 5.2 million tons, rising 3.7 percent from the same quarter in the past year, IRNA reported on Wednesday.
July 24, 2019

Integrated forex market to replace NIMA?

In early January, Money and Credit Council (MCC), the highest banking policy-making body of Central Bank of Iran (CBI), approved establishment of an integrated forex market as the CBI aims to explore the real volume of demand and supply in the foreign ...
July 24, 2019

Inflation rate at 40.4%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on July 22, which marks the end of the fourth Iranian calendar month of Tir, stood at 40.4 percent, IRIB reported.
July 24, 2019

Over 10,000 villages provided with drinkable water since 2013: minister

TEHRAN – Iranian Energy Minister Reza Ardakanian said on Tuesday that 10,200 villages with a total population of 6.7 million have been supplied with drinkable water since 2013, Press TV reported.
July 24, 2019

Iran seeking deeper trade ties with East Africa

TEHRAN – Following Iran’s policies for expansion of trade ties with African countries, the country’s Trade Promotion Organization (TPO) hosted an Iran-East Africa business forum on Wednesday at Tehran Permanent International Fairgrounds to provide an o...
July 24, 2019

Annual exports of paper, cardboard rise 63%

TEHRAN – Export of papers and cardboards from Iran has risen 63 percent in the past Iranian calendar year (ended on March 20, 2019) from its previous year, Deputy Industry, Mining and Trade Minister Farshad Moqimi announced.
July 23, 2019

VP inaugurates Mapna locomotive unit’s development project

TEHRAN – Iran’s First Vice President Es’haq Jahangiri inaugurated a development project of Mapna Group’s locomotive manufacturing complex in Alborz Province on Tuesday, IRNA reported.
July 23, 2019

IMIDRO to implement projects worth $4.5b by March 2020

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) will put projects worth $4.5 billion into operation by the end of current Iranian calendar year (March 19, 2020), IRIB reported quoting the head of organizatio...
July 23, 2019

ICCIMA to dispatch trade delegation to Turkmenistan in early Aug.

TEHRAN - Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) plans to send a trade delegation to attend Turkmenistan’s first Caspian Economic Forum (CEF) which is due to be held in Awaza on August 11-12.