June 17, 2019

US “will continue Exemptions” for Iranian Power Imports

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. Iraq electricity minister: US will continue exemptions for Iranian electricity imports In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity […]
June 16, 2019

Issuance of industrial unit establishment permits rises 25% in 2 months

TEHRAN- Issuance of permits for setting up industrial units in Iran increased 25 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 past year, IRNA reported on Sunday ci...
June 16, 2019

Shafeie reinstated as head of ICCIMA

TEHRAN – The board of representatives of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) selected Gholam-Hossein Shafeie as the head of the chamber for the ninth round of presidency.
June 16, 2019

Agricultural production set to rise significantly: minister

TEHRAN – Iranian Agriculture Minister Mahmoud Hojjati said the country is expected to experience a significant increase in agricultural production due to sufficient rainfalls this year (March 2019-March 2020), Tasnim reported on Saturday.
June 16, 2019

Oil market should expect oversupply in 2020, IEA says

TEHRAN – In its latest monthly oil market report called “2020 vision”, the International Energy Agency (IEA) said the “relentless” growth in U.S. production is going to significantly disrupt the supply and demand balance in the global oil market....
June 16, 2019

Iran’s ceramics, tile exports up 10% year on year

TEHRAN - Head of the Iranian Ceramic-Tile Producers Syndicate (IRCPS) said the country’s ceramic and tile exports in the Iranian calendar year of 1397 (ended on March 20, 2019) increased by 10 percent compared to its preceding year.
June 16, 2019

Iran, Russia take new steps for expansion of trade ties

TEHRAN– The 15th Iran-Russia Joint Economic Committee meeting and the second Iran-North Caucasus trade conference started on Sunday in Tehran, IRNA reported.
June 16, 2019

Tehran hosting International Forum on Islamic Capital Markets

TEHRAN- The 11th International Forum on Islamic Capital Markets (ICM) is being held in Tehran with participation of 28 representatives from 15 countries, IRIB reported.
June 16, 2019

Iran, Turkey Restart Direct Train Services

Iran and Turkey have finalized an agreement to restart direct train services between Tehran and Ankara and also to run tourist trains, an official announced. Iran’s Deputy Minister of Road and Urban Development Saeed Rasooli said at a press conference on Sunday that Iranian and Turkish delegations have finalized plans, following reciprocal visits, to launch […]
June 15, 2019

IRENEX to hold 3rd 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.
June 15, 2019

Annual crude steel output to hit 30m tons by March 2020

TEHRAN- Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqini announced that the country’s annual crude steel production is planned to reach 30 million tons in the current Iranian calendar year (ends on March 19, 2020).
June 15, 2019

WB sees impact of U.S. sanctions on Iran ‘wane’ in 2020-21

TEHRAN- The World Bank (WB) in its latest world economic outlook report “Global Economic Prospects”, predicts a 0.9 percent growth of gross domestic product (GDP) for Iran in 2020, indicating that the impact of the U.S. sanctions will ease in the menti...
June 15, 2019

15th Iran-Russia Joint Economic Committee meeting kicks off today

TEHRAN– The 15th Iran-Russia Joint Economic Committee meeting and the second Iran-North Caucasus trade conference are due to kick off today in Tehran and Isfahan respectively, IRNA reported.
June 15, 2019

Iran’s biggest gas storage center launched

TEHRAN – Iran’s biggest gas storage center was inaugurated in an official ceremony in Khorasan Razavi Province in northeastern Iran on Friday, Shana reported.
June 15, 2019

Iran’s Exchange Stars League becomes international

TEHRAN- “Iran’s Exchange Stars League become international as we have requests for participation in the third round of the completion from some foreign universities”, an official with Iran’s Securities and Exchange Organization (SEO) announced in a pre...
June 15, 2019

‘Neighboring countries destinations of half of annual non-oil exports’

TEHRAN- Half of Iran’s non-oil exports was to its neighboring countries in the past Iranian calendar year (ended on March 20, 2019), Saeed Zarandi, the deputy industry, mining and trade minister for planning, announced in a press conference on Saturday.
June 15, 2019

Several industrial projects inaugurated in southeastern Iran

TEHRAN - Iranian Industry, Mining and Trade Minister Reza Rahmani visited Kerman Province in southeastern Iran on Thursday and Friday and inaugurated several industrial projects, IRNA reported.
June 15, 2019

Iran, Iraq ready to Dredge the Shatt al-Arab

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. After decades, Iran, Iraq ready to Dredge the Shatt al-Arab Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and […]
June 14, 2019

‘Forex market under CBI’s control, passing temporary turbulence’

TEHRAN- Foreign currency exchange market is under the control of Central Bank of Iran (CBI) and the temporary turbulence will pass, Tasnim news agency reported on Thursday quoting CBI Governor Abdolnaser Hemmati as saying.
June 14, 2019

‘Iran’s hydropower output to reach 10.5 GW by March 2020’

TEHRAN – Iran’s hydroelectric power plants are expected to produce 10,500 megawatts (10.5 gigawatts) of electricity in the current Iranian calendar year (March 2019-March 2020), IRIB reported, quoting the director of Iran’s Hydroelectric Power Plants M...