June 8, 2019

Monthly loading, unloading rises 5% at Imam Khomeini Port yr/yr

TEHRAN- Loading and unloading of commodities at Iran’s Imam Khomeini Port, in southwestern Khuzestan Province, rose five percent during the second month of the current Iranian calendar year (April 21-May 21) compared to the same month of the past year,...
June 8, 2019

Iran pavilion to showcase food industry at Food Istanbul 2019

TEHRAN – Iran’s Trade Promotion Organization (TPO) is planning to open Iranian pavilion at the Food and Beverage Products, Food Processing Technologies Fair (Food Istanbul 2019) which is due to be held during September 4-7 at Istanbul’s CNR Expo Yesilk...
June 8, 2019

Tax income up 22% in 2 months on year

TEHRAN- Iran’s tax revenues increased 22 percent in the first two-month of the current Iranian calendar year (March 21-May 21) from the same period of time in the previous year, Mehr news agency reported quoting an official with Iran’s National Tax Adm...
June 8, 2019

‘Iran to maintain metal exports despite U.S. sanction’

TEHRAN - Iranian deputy industry, mining and trade minister said the ministry has taken necessary measures to maintain the country’s metal exports despite U.S. sanctions.
June 7, 2019

Stock market index rises 27% in 2.5 months

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has gained 48,324 points or 27 percent during the 2.5-month period from the beginning of current Iranian calendar year (March 21, 2019), IRIB reported.
June 7, 2019

‘Cutting budget dependency on oil revenues, top economic priority’

TEHRAN- Iranian Minister of Finance and Economic Affairs Farhad Dejpasand said that reducing the current year’s budget dependency on oil exports is the most important economic objective in the country, Mehr news agency reported.
June 7, 2019

China’s Bank of Kunlun starts operation in Iran

TEHRAN- China’s Bank of Kunlun started its activity in Iran, Vice Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Pedram Soltani announced on Thursday.
June 7, 2019

India holds high-level meeting on oil, gas while imports from Iran stops

TEHRAN- In a high-profile meeting chaired by Home Minister Amit Shah on Tuesday, top ministers of the Narendra Modi government held talks on the issue of investment in petroleum and gas sector a month after the U.S. waiver for India to import oil from ...
June 7, 2019

Iran opposes moving OPEC’s next meeting to July: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh, in a letter seen by Reuters, said he disagreed with an OPEC proposal to reschedule the meeting to early July.
June 7, 2019

Netherlands plans to join INSTEX

TEHRAN- The Dutch government announced that it plans to join the financial mechanism of Instrument in Support of Trade Exchanges (INSTEX) to do business with the Islamic Republic of Iran, IRNA reported on Friday.
June 2, 2019

‘Over 3,200 rooftop PV stations operational across Iran’

TEHRAN – Currently over 3,200 rooftop photovoltaic power stations (known as PV systems) are operational across Iran, the portal of Iranian Energy Ministry (known as PAVEN) reported on Sunday quoting an energy official.
June 2, 2019

Iranian oil ministry outlines priorities for major subsidiaries

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh, in separate decrees, outlined the current fiscal year (March 21, 2019-March 19, 2020) priorities of the ministry’s four major subsidiaries, Shana reported on Saturday.
June 2, 2019

Iran to hold pavilion in Hong Kong’s Food Expo 2019

TEHRAN – Iran’s Trade Promotion Organization (TPO) is planning to open Iranian pavilion at the 30th edition of Hong Kong’s HKTDC Food Expo 2019 which is due to be held during August 15-17 at Hong Kong Convention and Exhibition Centre, the portal of TPO...
June 2, 2019

More than 80% of Iran’s dams are full: WRMC

TEHRAN - During the nine-month period in Iran’s current hydrological year (Sep. 23, 2018- May 28, 2019), 82 percent of the country’s dams have been filled, 28 percent more last year’s same period, IRNA reported Sunday.
June 2, 2019

‘Annual wheat production estimated to rise 1.2m tons’

TEHRAN- Iran’s annual production of wheat is estimated to grow 1.2 million tons in the current Iranian calendar year (ends on March 19, 2020), Esmaeil Esfandiari-Pour, the advisor to Agriculture Minister, told IRIB on Sunday.
June 2, 2019

TCCIMA to dispatch trade delegation to Belarus in late-July

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) is going to dispatch a trade delegation to Belarus capital city of Minsk on July 23, TCCIMA portal reported.
June 2, 2019

‘Tehran, Ankara working on mechanism to bypass U.S. sanctions’

TEHRAN- Iran and Turkey are working on a financial mechanism channel to bypass the U.S. unilateral sanctions, Iran’s Ambassador to Turkey Mohammad Farazmand announced.
June 1, 2019

‘Over $476m allocated to renovating 1000 wagons, locomotives in a year’

TEHRAN- The head of Islamic Republic of Iran Railways (known as RAI) announced that 20 trillion rials (about $476.1 million) has been allocated to renovation of 1000 passenger and freight wagons and also locomotives through benefitting from domestic ca...
June 1, 2019

Iran, Ukraine discuss more co-op between chambers of commerce

TEHRAN- In a meeting between Gholam-Hossein Shafeie, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), and Serhii Burdyliak, Ukraine’s ambassador to Iran, the two sides explored the ways for boosting cooperation between ...
June 1, 2019

‘$8b allocated to supply basic goods in 2 months’

TEHRAN – Central Bank of Iran (CBI) has allocated $8 billion for importing basic goods in the first two months of the current Iranian calendar year (March 21- May 21), Deputy Minister of Industry, Mining and Trade told Tehran Times on Saturday.