December 30, 2019

New incentives to be offered to auto parts manufacturers

TEHRAN- Iranian carmakers have prepared some incentive packages to encourage investment making by the auto parts manufacturers, according to the secretary of Specialized Manufactures of Auto Parts Association.
December 30, 2019

Iran’s annual dates output up 20%

TEHRAN- Production of dates in Iran has reached 1.5 million tons in the current Iranian calendar year (ends on March 19, 2020), registering a 20-percent rise from that of the previous year, IRNA reported, quoting the head of National Association of Ira...
December 30, 2019

Energy minister inaugurates 2 small-scale power plants in southeastern Iran

TEHRAN – Iranian Energy Minister Reza Ardakanian inaugurated, on Monday, two small-scale power plants with a total capacity of 58 megawatts (MW) in Rafsanjan city in the southeastern province of Kerman.
December 30, 2019

Iran to unveil 2 national brands of home appliances soon

TEHRAN- Iran will unveil two national brands of home appliances in the near future, the director general of Metal Industries and Home Appliances Department of Iranian Ministry of Industry, Mining and Trade announced.
December 30, 2019

Production by major automakers exceeds 604,000 in 9 months

TEHRAN – Three major Iranian carmakers, namely Iran Khodro (IKCO), SAIPA Group and Pars Khodro, manufactured 604,806 vehicles during the first nine months of the current Iranian calendar year (March 21-December 22), IRNA reported citing the data releas...
December 30, 2019

IOOC allocates $2.6b to boost offshore oil output

TEHRAN – Head of Iranian Offshore Oil Company (IOOC) says his company has 110 trillion rials (over $2.6 billion) worth of development and maintenance projects underway that are aimed at boosting the oil production from the country’s offshore fields by ...
December 30, 2019

Petchem industry at forefront of Iran’s non-oil exports

TEHRAN – President Hassan Rouhani stressed the significant role of Iran’s petrochemical industry in the country’s economy in the face of U.S. sanctions, saying that it is at the forefront of the country’s non-oil exports, IRNA reported.
December 30, 2019

Private sector exports over $1b of oil products in 4 months

TEHRAN - Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)’s energy committee says the country’s private sector has managed to export over $1 billion worth of oil products in the first four months of the current Iranian cal...
December 29, 2019

Copper, steel, aluminum, gold offered at IME

TEHRAN- The metal and mineral trading floor of Iran Mercantile Exchange (IME) hosted offering of 18,000 tons of bloom ingot, 3,040 tons of copper cathode, 20,000 tons of low grade copper, 5,500 tons of 1000 lb. aluminum ingot, 1,080 tons of aluminum bi...
December 29, 2019

TEDPIX, IFX jump on Sunday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 2,086 points to 369,718 on Sunday, IRNA reported.
December 29, 2019

Italians persistently willing to preserve trade with Iran under sanctions

TEHRAN- Although the U.S. renewed sanctions against Iranian economy are preventing Iran’s European trade partners to do business with the Islamic Republic, Italian traders and businessmen seem strongly determined to preserve their trade ties with Iran.
December 29, 2019

‘Iran exploiting only 1% of its mineral reserves’

TEHRAN - Vice Chairman of Iran Stone Association (ISA) said Iran is extracting only one percent of its mineral reserves while the figure should be five percent based on international standards.
December 29, 2019

‘Over $2.8b needed annually for maintaining roads’

TEHRAN – Deputy Head of Iran Road Maintenance and Transportation Organization (RMTO) says the country’s roads need 120 trillion rials (about $2.8 billion) of the annual budget to be properly maintained, IRIB reported on Saturday.
December 29, 2019

Railway fleet receives 243 new domestically-made wagons, locomotives

TEHRAN- In a ceremony on Sunday, some 243 new domestically-made locomotives and wagons were added to the railway fleet of Iran, IRNA reported.
December 29, 2019

Iran, Afghanistan to link rail networks by March 2021

TEHRAN - Iran's Deputy Minister of Transport and Urban Development for Construction and Development of Railways, Ports and Airports said that Iran and Afghanistan’s rail networks will be connected in near future, Mehr News Agency reported.
December 29, 2019

Iran budget deficit expected to top $13b next year

TEHRAN - Director of the Supreme Audit Court of Iran (SAC) said the country’s budget deficit for the next Iranian calendar year (March 2020-March 2021) is expected to reach about 550 trillion rials (over $13 billion).
December 29, 2019

Value of IRENEX trades exceeds $7.8b since March

TEHRAN – The value of trades at Iran Energy Exchange (IRENEX) has reached 330 trillion rials (about $7.84 billion) since the beginning of the current Iranian calendar year (March 21), Mehr News Agency reported on Saturday, quoting the head of Iran's Se...
December 28, 2019

Clearance of cargoes from customs through ‘green path’ rises 31%

TEHRAN- Clearance of goods from Iran’s customs through “green path” has risen 31 percent, IRIB quoted Mehrdad Jamal Orounaqi, the deputy head of Islamic Republic of Iran Customs Administration (IRICA), as saying.
December 28, 2019

Stock market closes with TEDPIX, IFX growth

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 6,543 points to 367,631 on Saturday, the first day of the Iranian calendar week, IRNA reported.
December 28, 2019

Commodities worth $523m traded at IME in a week

TEHRAN- During the weekdays ended on December 26, approximately 530,190 tons of commodities worth over $523 million were traded at Iran Mercantile Exchange (IME).