July 23, 2019

Iran-Iraq $20b trade target not out of reach: CBI governor

TEHRAN – Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati held talks with Iraqi Finance Minister Fuad Mohammed Hussein on Monday night to discuss expansion of banking relations between the two countries, IRNA reported.
July 23, 2019

EGFI ranks 1st among Aman Union members

TEHRAN - Export Guarantee Fund of Iran (EGFI) has been ranked first in terms of performance among the members of the Aman Union, IRNA reported on Monday, quoting the EGFI head.
July 23, 2019

NISOC launches project to manage drilling wastes

TEHRAN – Head of National Iranian South Oil Company (NISOC) said the company has launched a project for composting oil well drill cuttings in order to manage drilling wastes, Shana reported.
July 22, 2019

South Yaran field equipped with mobile oil separator

TEHRAN – A mobile oil separator (MOS) has been installed in Iran’s South Yaran oil field which Iran shares with Iraq at the western part of Iran’s southwestern region of Karoun, Shana reported on Sunday.
July 22, 2019

Govt. economic committee approves mechanism for mining cryptocurrencies

TEHRAN - Iranian government’s economic committee on Sunday approved a mechanism for mining cryptocurrencies as Iran rushes to bring its growing mining farms in line with national laws, Mehr news agency reported.
July 22, 2019

Quarterly sponge iron output up 13% year on year

TEHRAN- Production of sponge iron in Iran rose 13 percent during spring, which corresponds to the first quarter of Iranian calendar year, compared to the same period of time in the past year, IRNA reported on Monday.
July 22, 2019

Stock market value reaches $285.7b

TEHRAN- The value of stock market in Iran reached 12.282 quadrillion rials (about $285.714 billion) at the end of the third Iranian calendar month of Khordad (June 21), Securities and Exchange Organization (SEO) published on its website SENA on Sunday.
July 22, 2019

800km of gas pipelines to be added to national network by Mar. 2020

TEHRAN – Head of Iranian Gas Engineering and Development Company (IGEDC) said the company plans to build 800 kilometers of pipelines for gas transmission by the end of the current Iranian calendar year (March 20, 2020).
July 22, 2019

Iranian oil irreplaceable, Zanganeh says

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said no country can replace Iranian oil in the global market, Mehr news agency reported on Sunday.
July 21, 2019

Bank loans to economic sector rise 20% yr/yr

TEHRAN- Iranian banking system offered nearly 13 quadrillion rials (over $309.5 billion) facilities to domestic economic sectors during the past Iranian calendar year (March 21, 2018-March 20, 2019), to register a 20 percent raise in comparison with th...
July 21, 2019

2nd phase of national smart metering program kicks off

TEHRAN – Iran’s Power Generation and Distribution Company (known as TAVANIR) and the Iranian Electrical Power Equipment Manufacturing and Provision Company (SATKAB) signed a memorandum of understanding (MOU) for installing five million smart electricit...
July 21, 2019

IRENEX to hold 13th round of offering light crude oil on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.
July 21, 2019

A review on govt. plan to barter oil for dues to private sector

TEHRAN – The regulatory body of the government has been recently preparing the draft for a bartering system which is set to settle the government dues to the private power plant owners and electricity contractors.
July 21, 2019

Domestic manufacturing of imported auto parts to be strengthened

TEHRAN- In mid-May, Iranian Industry, Mining and Trade Minister Reza Rahmani issued a directive on “strengthening domestic manufacturing of imported auto parts”.
July 21, 2019

Commodities worth $642m traded at IME in a week

TEHRAN- During weekdays ending up to July 18, while 589,761 million tons (MT) of commodities worth over $642 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 46 percent and 37 percent, respecti...
July 21, 2019

‘Italy still eager for trade with Iran’

TEHRAN - Chairman of Iran-Italy Joint Chamber of Commerce Ahmad Pourfallah has said that despite the U.S. sanctions Italian companies are still willing to engage in trade with Iran, IRNA reported on Sunday.
July 21, 2019

‘TSE plans to launch prime market’

TEHRAN- Tehran Stock Exchange (TSE) plans to launch a new market named “prime market” in which the price range for the shares increase, TSE Head Ali Sahraei announced.
July 20, 2019

Launching integrated forex market in last stages: CBI

TEHRAN- Central Bank of Iran (CBI) announced that launching integrated forex market in the country is in the last stages, IRIB reported.
July 20, 2019

CIOFC to boost oil production in Sa’adat Abad oil field

TEHRAN – The executive operation of a development project for maintaining and enhancing oil production at Sa’adat Abad oil field in central Iran commenced on July 17, Shana reported.
July 20, 2019

‘300 companies omitted from privatization plan for current year’

TEHRAN- Head of Iranian Privatization Organization (IPO) announced that the organization deleted 300 state-run companies from the list of companies that their shares were planned to be transferred to the private sector in the current Iranian calendar y...