January 3, 2020

Production of tires for heavy vehicles to exceed consumption: industry min.

TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani said production of the heavy vehicles tire in the country will be more than domestic consumption of the product, ILNA reported.
January 3, 2020

TEDPIX gains 23,012 points in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 23,012 points, or six percent, to stand at 384,100 points in the past Iranian calendar week (ended on Friday), IRNA reported.
January 1, 2020

IRICA facilitating clearance of basic commodities

TEHRAN- In a new directive on Tuesday, Islamic Republic of Iran Customs Administration (IRICA) obliged the customs departments throughout the country to take necessary measures (mentioned in the new instruction) for facilitation of the clearance of bas...
January 1, 2020

IRICA declares new directive on facilitating clearance of basic commodities

TEHRAN- In a new directive on Tuesday, Islamic Republic of Iran Customs Administration (IRICA) obliged the customs departments throughout the country to take necessary measures (mentioned in the new instruction) for facilitation of the clearance of bas...
January 1, 2020

NIOPDC fully supplies low sulfur fuel oil for shipping fleet

TEHRAN- Managing Director of National Iranian Oil Product Distribution Company (NIOPDC)’s Markazi Department said low sulfur fuel oil needed for the country’s vessels and ships is fully supplied and distributed by the company, Shana reported on Tuesday...
January 1, 2020

Construction sector’s productivity growth rate negative in past 2 years

TEHRAN - Head of the National Iranian Productivity Organization (NIPO) says the annual productivity growth rate in the country’s construction sector has been negative for the past two years, IRNA reported on Wednesday.
January 1, 2020

Development projects worth $491m inaugurated in northwestern Iran

TEHRAN - Iranian President Hassan Rouhani, on Wednesday, inaugurated several development projects during a visit to Ardebil Province, northwestern Iran, IRNA reported.
January 1, 2020

TEDPIX posts a new record

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), hit the record high of 380,000 points on Wednesday, IRNA reported.
January 1, 2020

Domestic firms to develop 28 southern oil reserves

TEHRAN – Managing Director of Iran’s Petropars Group, which is the Monitoring and Controlling (MC) body in a project for maintaining and enhancing oil production in 28 reserves operated by the National Iranian South Oil Company (NISOC), said the projec...
December 31, 2019

ICCIMA’s head to lead Iranian trade delegation to Portugal in Feb.

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will dispatch a delegation of Iranian traders and businessmen to Portugal on February 20, news portal of the chamber published on Tuesday.
December 31, 2019

TEDPIX, IFX rise on Tuesday

TEHRAN- On Tuesday, Iran’s stock market experienced growth for the fourth consecutive day since the start of current Iranian week (Saturday).
December 31, 2019

Iran’s 2nd condensate refinery to go operational soon

TEHRAN – Managing Director of Iran’s Piroozi refinery which is the country’s second gas condensate refinery said the refinery, which was ravaged by fire soon after it was inaugurated in 2016, is planned to go operational by the Iranian month of Bahman ...
December 31, 2019

Industry Ministry, ICCIMA to set up taskforce on free trade with Eurasia

TEHRAN- Iranian Industry, Mining and Trade Ministry and Iran Chamber of Commerce, Industries, Mines and Agriculture are planning to form a taskforce on Iran’s free trade with the Eurasian Economic Union (EAEU) countries, the head of Iran’s Trade Promot...
December 31, 2019

Rouhani inaugurates metro line worth $238m

TEHRAN - President Hassan Rouhani inaugurated the Golshahr-Hashtgerd metro line in Alborz province, north-central Iran, on Tuesday, in a ceremony attended by senior officials including Transport and Urban Development Minister Mohammad Eslami.
December 31, 2019

Rouhani inaugurates metro line worth $238m in north-central Iran

TEHRAN - President Hassan Rouhani inaugurated the Golshahr-Hashtgerd metro line in Alborz province, north-central Iran, on Tuesday, in a ceremony attended by senior officials including Transport and Urban Development Minister Mohammad Eslami.
December 31, 2019

Iran’s 9-month trade balance positive

TEHRAN – Iran’s non-oil trade with other countries registered a $100-million positive balance in the first nine months of the current Iranian calendar year (March 21 – December 21), according to the head of Iran’s Trade Promotion Organization (TPO)....
December 31, 2019

Tehran’s daily gasoline consumption falls 11%

TEHRAN - Average daily gasoline consumption in Tehran fell to 14.8 million liters in the current Iranian calendar month of Dey (started on December 22) from 16.6 in the past year’s same month to register an 11 percent fall year-on-year, IRNA reported.
December 31, 2019

All SP phases’ offshore pipeline installations completed

TEHRAN – Managing director of Pars Oil and Gas Company (POGC), which is in charge of developing Iran’s South Pars gas field in the Persian Gulf, said the offshore pipelines for all the remaining phases of the field have been installed and will go opera...
December 31, 2019

Islamic Banking plan: bankers confrontation with MPs

TEHRAN – The Iranian Parliament Members (MPs) ratified outlines of their own prepared Islamic banking plan in mid-December and are resolved to finalize it by the end of this Parliament (May 2020) not to have it postponed for the next one.
December 30, 2019

Stock market posting more gains

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 5,817 points to 375,547 on Monday, IRNA reported.