July 10, 2019

‘Domestic production opportunities exhibit to support domestic producers’

TEHRAN- The vice chairman of Iranian Parliament (Majlis)’s Fraction of Production and Employment said holding exhibition of domestic production opportunities and manufacturing boom is a valuable positive measure supported by Majlis.
July 9, 2019

Comprehensive plan underway to amend tax system: fin. min.

TEHRAN- Tax system is being amended in the country through implementing the Comprehensive Tax Plan, Iran’s Finance and Economic Affairs Minister stated.
July 9, 2019

Liquidity at $448b in a year: CBI

TEHRAN- Iran’s liquidity stood at 18.82 quadrillion rials (about $448.095 billion) in the past Iranian calendar year (ended on March 20, 2019), IRIB reported citing a report released by the Central Bank of Iran (CBI).
July 9, 2019

Tehran hosting intl. doors, windows exhibition

TEHRAN- The 11h edition of Doors and Windows Technology International Exhibition of Iran (Do-Win Tech 2019) kicked off on Tuesday at the Tehran Permanent International Fairgrounds, IRNA reported.
July 9, 2019

‘Boosting garments output, exports on current year’s agenda’

TEHRAN- The chairman of Iran’s Union of Garments Manufacturers and Sellers said that boosting garment output and exports is a top agenda of their activities in the current Iranian calendar year (began on March 21, 2019).
July 9, 2019

Iranian H1 hydropower output seen to be quadrupled

TEHRAN - The electricity output of Iran’s hydroelectric power plants is expected to reach 20,000 gigawatt hours (GWh) in the first half of the current Iranian calendar year (to end on September 22), four times more than the figure for last year’s same ...
July 9, 2019

Iran to expand Mahshar petchem hub to add 6m tons of new capacity

TEHRAN – Head of Iran’s National Petrochemical Company (NPC) unveiled a plan for construction of a new petrochemical hub in Mahshahr Petrochemical Special Economic Zone in order to add up to six million tons (mt) of new capacity to the zone.
July 9, 2019

Major leap in Iran’s trade with Turkey

While the U.S. unilateral sanctions against Iran have created some limitations for trade with the Western partners which led the Islamic Republic to expand economic and trade ties with its neighbors and boost non-oil exports to them, trade with the nor...
July 9, 2019

Iran appointed vice chairman of UIC regional assembly

TEHRAN – Managing Director of the Islamic Republic of Iran Railways (known as RAI) Saeed Rasouli was appointed as the first vice chairman of International Union of Railways (UIC) Regional Assembly for the Middle-East (RAME), IRIB reported on Tuesday.
July 9, 2019

Vice president inaugurates water, electricity projects in Fars Province

TEHRAN- Iranian First Vice President Es’haq Jahangiri inaugurated two steam units of a combined-cycle power plant and a water treatment unit in Jahrom County in southern province of Fars on Tuesday, IRNA reported.
July 8, 2019

PEDEC to develop 3 oilfields under IPC-based deals

TEHRAN – Head of Iran’s Petroleum Engineering and Development Company (PEDEC) said the company will start developing two Iranian oil fields under the country’s new model of oil contracts (known as IPC) soon and another field is also expected to be awar...
July 8, 2019

‘Iran determined to continue offering oil at IRENEX’

TEHRAN - National Iranian Oil Company (NIOC)’s representative in Iran Energy Exchange (IRENEX) said NIOC will continue offering oil at IRENEX, Mehr news agency reported.
July 8, 2019

Sanctions, an opportunity to benefit from tax potential

Donald Trump withdrew the U.S. unilaterally from the 2015 nuclear deal between Iran and the world’s major powers (known as Joint Comprehensive Plan of Action or JCPOA) in last May and re-imposed sanctions against the Islamic Republic.
July 8, 2019

Iran’s foreign debt drops 17% in a year: CBI

TEHRAN - Iran’s foreign debt fell to $9.339 billion at the end of the last Iranian calendar year (March 20, 2019), registering a nearly 17 percent drop compared to the figure for the preceding year, IRNA reported on Monday, citing central bank data.
July 8, 2019

Daily gasoline output to surpass 110m liters soon

TEHRAN- The daily production of gasoline in Iran will exceed 110 million liters in the upcoming week to mark a new record in the country’s gasoline production history, Tasnim reported, quoting Iranian oil minister as saying on Sunday night.
July 8, 2019

10MW solar farm goes operational in southeastern Iran

TEHRAN - A 10-megawatt solar power plant was inaugurated in Kerman province southeastern Iran last week, Mehr news agency reported.
July 8, 2019

Zanganeh to Falih: Iran no threat to global energy security

TEHRAN - Iran's Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran is not only no threat to the world's energy security but also the biggest guarantor of stability and energy security in the region, Shana reported.
July 8, 2019

Ground prepared for co-op between Italian, Iranian companies: envoy

TEHRAN- Italian Ambassador to Iran Giuseppe Perrone said the ground is prepared for cooperation between Italian and Iranian companies, the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) published on Monday.
July 8, 2019

Expanded ground for co-op between Italian, Iranian companies: Italian envoy

TEHRAN- Italian Ambassador to Iran Giuseppe Perrone said the ground is expanded for cooperation between Italian and Iranian companies, the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) published on Monday.
July 7, 2019

‘RAI determined to develop transport of goods from ports via railway’

TEHRAN- The head of Islamic Republic of Iran Railways (known as RAI) said development of railways for transport of cargos from ports is a top agenda of RAI’s activities.