June 24, 2019

Infographic: Vacation Rental Market Amounts to 4,128 Billion Tomans in Iran

Vacation rental has a 4,128 billion toman market in Iran (nearly one-billion-dollar market in Iran before the devaluation of Toman =10*Rial). That's why Iranian startups are trying to tap into this market and bring it online.

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June 24, 2019

Iran Has “Means, Will” for Environmental Protection

An under-secretary-general of the United Nations lauded Iran’s “means and will” for investment in environmental protection plans on the road to sustainable development, warning against ignoring environmental costs of economic growth in many parts of Asia and the Pacific. In an op-ed article sent to Tasnim about sustainable development, Under-Secretary-General of the United Nations and […]
June 23, 2019

$5b allocated to supply basic goods in a quarter

TEHRAN- Central Bank of Iran (CBI) Governor Abdolnaser Hemmati announced that the government has allocated $5 billion for importing basic goods during the first quarter of current Iranian calendar year (March 21-June 21), IRIB reported.
June 23, 2019

‘Preserving production is priority in steel sector’

TEHRAN- Preserving production is the priority in steel sector of the country, ILNA quoted Iranian Deputy Industry, Mining and Trade Minister for Mining Affairs Jafar Sargini as saying on Saturday.
June 23, 2019

Govt. puts priority on people’s livelihood during sanctions: CBI governor

TEHRAN – The Central Bank of Iran (CBI) governor said addressing people’s livelihood is the government’s priority during the sanctions era, IRIB reported.
June 23, 2019

Inflation rate at 37.6%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on June 21, which marks the end of the third Iranian calendar month of Khordad, stood at 37.6 percent, IRNA reported.
June 23, 2019

Petro-refinery: Iran’s new weapon against U.S. sanctions

Increasing the country’s petro-refining capacity has recently become a hot topic among Iran’s top research institutions and research centers as a key defense mechanism against the impacts of the U.S. sanctions on the country’s oil industry.
June 23, 2019

Oil market shrugs off as tensions rise in Persian Gulf region

Despite what was expected, the oil market doesn’t seem to be moved drastically by the recent turbulences in the Persian Gulf region as Iran shot down a high-technology U.S. surveillance drone when it trespassed its borders in the politically sensitive ...
June 23, 2019

Iran, Ghana ink MOU for bolstering co-op between free zones

TEHRAN – Iranian Secretariat of Free Zones High Council signed a memorandum of understanding (MOU) with Ghana Free Zones Authority (GFZA) on Saturday for expanding economic cooperation, IRIB reported.
June 23, 2019

Iranian National Charged In Scheme to Evade US Sanctions

A woman in the US has admitted her role in a scheme to illegally smuggle millions of dollars’ worth of aircraft parts from the United States to Iran, U.S. Attorney Craig Carpenito announced. Joyce Eliabachus, a/k/a “Joyce Marie Gundran Manangan,” 52, of Morristown, New Jersey, pleaded guilty before U.S. District Judge Madeline Cox Arleo to […]
June 22, 2019

20 industrial, mining projects to be inaugurated by March 2020

TEHRAN - An official with the Iranian Ministry of Industry, Mining and Trade announced that 20 industrial and mining projects will be inaugurated by the end of the current Iranian calendar year (March 20, 2020), IRNA reported on Friday.
June 22, 2019

TEDPIX rises 56,220 points in a quarter

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has increased 56,220 points or 20.4 percent to 234,879 during the first quarter of the current Iranian calendar year (March 21-June 21), Tasnim news agency reported on Saturday.
June 22, 2019

CBI unveils plans to compensate oil budget deficit in sanctions era

TEHRAN – The governor of the Central Bank of Iran (CBI) has said three plans have been developed aimed to compensate the probable budget deficit resulted from the U.S. sanctions on the country’s oil industry, Tasnim news agency reported.
June 22, 2019

Over $574m worth of commodities traded at IME in a week

TEHRAN- During weekdays ending on June 22, while 660,751 million tons (MT) of commodities worth over $574 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced growth of 27 percent and 43 percent, respectively.
June 22, 2019

IRENEX to hold offering of 2m barrels of gas condensate on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of gas condensate at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
June 22, 2019

Industry ministry puts priority on boosting mineral exports

TEHRAN – Iranian industry, mining and trade minister said increasing exports from the mining sector to the neighboring countries has been put on the ministry’s agenda for the current fiscal year, ILNA reported on Saturday.
June 22, 2019

‘German companies ignore U.S. sanctions in trade with Iran’

TEHRAN – Dozens of German companies are still continuing their activities in Iran and keeping their offices in the country despite the rising pressures from the U.S. government, the Portal of Tehran Chamber of Commerce, Industries, Mines and Agricultur...
June 22, 2019

‘Russia prepared to help Iran for oil exports if INSTEX not realized’

TEHRAN - Russia is ready to help Iran with oil sales and its banking sector if the European trade mechanism is not launched, Interfax cited Russian Deputy Foreign Minister Sergei Ryabkov as saying on Friday.
June 22, 2019

Paper production up 5.5% in 2 months on year

TEHRAN- Production of paper in Iran rose 5.5 percent during the first two months of the current Iranian calendar year (March 21-May 21) compared to the same period of time in the previous year, IRNA reported on Saturday.
June 22, 2019

350MW new Power Generation Capacity

Three power plants with a total capacity of 350 megawatts (MW) of electricity will be added to Iran’s national grid in coming days, the managing director of the Thermal Power Plants Holding Company (TPPH) announced. In remarks released on Monday, Mohsen Tarztalab said the first unit of the gas sector of Dalaho Combined Cycle Power […]