December 28, 2019

Promotion of domestic production discussed at TCCIMA

TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)’s mining and industry committee, as well as the committee for improving the business environment and removing barriers to domestic production, held a joint meeting on Satur...
December 28, 2019

Promotion of domestic production explored at TCCIMA

TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)’s mining and industry committee, as well as the committee for improving the business environment and removing barriers to domestic production, held a joint meeting on Satur...
December 28, 2019

Over $9.4b paid for development projects in 9 months

TEHRAN – Head of Iran’s Budget and Planning Organization (BPO) said the government has paid 395 trillion rials (over $9.4 billion) for financing development projects across the country in the first nine months of the current Iranian calendar year (Marc...
December 28, 2019

‘Govt. could offset budget deficit by selling assets, stocks’

TEHRAN – Deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) says the government can compensate the probable deficits in the next year’s development budget by selling its stocks and assets.
December 28, 2019

Promoting CNG as the national fuel, challenges and merits

TEHRAN – Following the implementation of the gasoline rationing scheme, the government has been promoting the use of Compressed Natural Gas (CNG) as a replacement for gasoline, and has declared the mentioned fuel as the country’s national fuel.
December 27, 2019

Government to take back trade law amendment bill

TEHRAN- The Iranian government has called for taking back a bill on the country’s trade law amendment form the parliament (Majlis), Mehr news agency reported.
December 27, 2019

‘Iraqi Kurds boycotting Turkish goods boosts Iranian exports to region’

TEHRAN – A member of Tehran Chamber of Commerce, Industries, Mines and Agriculture says the boycotting of Turkish goods by Iraqi Kurds have created an opportunity for Iranian exporters to increase their presence in the region, IRNA reported.
December 27, 2019

TSE up 3% in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 10,766 points, or three percent, to stand at 361,088 points in the past Iranian calendar week (ended on Friday), IRNA reported.
December 27, 2019

Iran’s tea exports to neighbors tops 4000 tons since March

TEHRAN - Head of Iran's Tea Organization (ITO) Habib Jahansaz said Iran has produced 28,500 tons of tea since the beginning of the current Iranian calendar year (March 21) of which over 4000 tons were exported to the neighboring countries, IRNA reported.
December 27, 2019

3rd platform of SP phase 14 goes operational

TEHRAN- Platform 14B, which is the third platform of the phase 14 of South Pars gas field (in the Persian Gulf) development project, started operation on Wednesday, following the completion of the pipeline which transfers its gas to the refinery of pha...
December 27, 2019

NIDC digs 88 oil, gas wells in 9 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 88 oil and gas wells during the first nine months of the current Iranian calendar year (March 21-December 21), Shana reported.
December 27, 2019

15 water projects inaugurated in northern Iran

TEHRAN – Iran’s Energy Minister Reza Ardakanian inaugurated 15 water projects worth 60.4 billion rials (about $1.5 million) in the northern province of Gilan during a visit on Thursday.
December 27, 2019

Iran-Russia trade through national currencies exceeds 50%

TEHRAN - Trade transactions in national currencies between Iran and Russia have exceeded 50 percent of the two countries’ total bilateral trade this year, said Moscow's commercial representative in Tehran, Rustam Zhiganshin.
December 27, 2019

Removing tax exemption will lower investment in FTZs: expert

TEHRAN- If the 20-year tax exemption in the country’s free trade zones (FTZs) is removed, the investment making will be limited in this areas, according to Abazar Azarboun, an expert with Iran’s Free Zones High Council.
December 27, 2019

‘Limited tax exemption in FTZs, lower investment attraction’

TEHRAN- If the 20-year tax exemption in the country’s free trade zones (FTZs) is removed, the investment making will be limited in this areas, according to Abazar Azarboun, an expert with Iran’s Free Zones High Council.
December 27, 2019

Real estate deals in Tehran City rise 137% in a month

TEHRAN- The number of real estate deals in Tehran City increased 137 percent during the past Iranian calendar month of Azar (ended on December 21) from its previous month, ILNA reported citing the data released by Ministry of Transport and Urban Develo...
December 25, 2019

New production plant to boost Iran’s paper output by 240,000 tons

TEHRAN- A new production plant is planned to be constructed in Iran’s southwestern province of Khuzestan that will add 240,000 tons to the country’s annual paper output, IRIB reported, quoting the head of the Headquarters for Executing the Order of the...
December 25, 2019

TCCIMA explores major challenges in foreign trade

TEHRAN - The 10th meeting of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)’s trade facilitation and export promotion committee was held on Wednesday in which the most important challenges that Iranian businessmen are facing in ...
December 25, 2019

Heavy vehicles tire imports at 3m in H1

TEHRAN- Iran imported three million tires of heavy vehicles during the first half of the current Iranian calendar year (March 21-September 22), IRIB quoted Mohammadreza Ganji, the head of Iranian Tire Industry Association, as saying on Tuesday.
December 25, 2019

Stock market posts decline on Wednesday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 1,170 points to 361,088 on Wednesday.