December 25, 2019

Majlis committee approves next year’s budget bill

TEHRAN- The Iranian parliament (Majlis)’s Ad hoc Budget Review Committee on Tuesday approved the 1.988 quadrillion rials (about $473.5 billion) national budget bill for the next Iranian calendar year, starting March 20, Mehr news agency reported, quoti...
December 25, 2019

Joining FATF is in line with national interests: CBI governor

TEHRAN – The governor of Central Bank of Iran (CBI) says joining the Financial Action Task Force (FATF) is in line with the interests of the country’s banking system, IRNA reported.
December 25, 2019

95% of Iranian housholds supplied with natural gas: NIGC head

TEHRAN – Head of the National Iranian Gas Company (NIGC) said currently 95 of the country’s urban and rural areas are connected to the national gas network, Shana reported on Tuesday.
December 25, 2019

95% of Iranians have access to national gas network: NIGC head

TEHRAN – Head of the National Iranian Gas Company (NIGC) said currently 95 of the country’s urban and rural areas are connected to the national gas network, Shana reported on Tuesday.
December 25, 2019

Minerals, mining industry exports to reach $10b by Mar. 2020

TEHRAN – Iranian mining sector is expected to export up to $10 billion of minerals and mining industry products by the end of the current Iranian calendar year (March 19, 2020), IRNA reported on Wednesday, quoting an industry official as saying.
December 25, 2019

Renewables prevent emission of 3,048 tons GHG in 9 months

TEHRAN – Generating electricity from renewable sources prevented the emission of Green House Gases (GHG) in Iran by 3,048 tons during the first nine months of the current Iranian calendar year (March 22-December 21).
December 25, 2019

Bank loans to economic sectors rise 27% in 8 months yr/yr

TEHRAN- Iranian banking system has paid 5.31 quadrillion rials (about $126.42 billion) of facilities to domestic economic sectors in the first eight months of the current Iranian calendar year (March 21-November 23), registering a 27.6-percent rise fro...
December 24, 2019

Iraq, Afghanistan, Russia major export destinations of Iran’s dairy products

TEHRAN- Iraq, Afghanistan and Russia are the major export destinations of Iranian dairy products, the secretary of Iran’s Dairy Industries Association said in a press conference on Monday.
December 24, 2019

Private sector dissatisfied with national budget bill

On December 8, President Hassan Rouhani submitted the administration’s draft of the national budget bill for the next Iranian calendar year 1399 to the Majlis.
December 24, 2019

Numerous water, electricity projects inaugurated in northeastern Iran

TEHRAN - Iranian Energy Minister Reza Ardakanian inaugurated 18 water and electricity projects worth 95.4 trillion rials (about $227 million) on Tuesday during his one-day visit to the northeastern province of Khorasan Razavi, IRNA reported.
December 24, 2019

Iran-Vietnam trade more than doubled in a year

TEHRAN – Head of Iran-Vietnam Joint Chamber of Commerce says the value of trade between the two countries reached $352 million in the end of the Iranian calendar year of 1397 (March 20, 2019), up over 100 percent from $172 million in the preceding year.
December 24, 2019

Zarif holds talks with Iranian businessmen in Oman

TEHRAN – Iran’s Foreign Minister Mohammad Javad Zarif met with a group of Iranian businessmen residing in Oman on Monday night, Mehr News Agency reported.
December 24, 2019

Iran has taken significant steps to counter money laundering: fin. min.

TEHRAN - Iranian Finance and Economic Affairs Minister Farhad Dejpasand said on Monday that Iran has taken very effective and practical measures for countering money laundering and cooperation with Financial Action Task Force (FATF).
December 24, 2019

Daily gasoline consumption falls to 75m liters

TEHRAN – Average daily gasoline consumption in Iran fell to 75 million liters in the previous Iranian calendar month of Azar (November 22-December 21) following the implementation of the rationing scheme, according to the managing director of National ...
December 24, 2019

Iran, India to expand transit co-op through Chabahar port

TEHRAN – Iranian Transport and Urban Development Minister Mohammad Eslami and Indian Minister of External Affairs Subrahmanyam Jaishankar met on Monday in Tehran to discuss expansion of transport and transit cooperation between the two countries, espec...
December 23, 2019

Iran, Iraqi Kurdistan willing to boost customs cooperation

TEHRAN- The heads of Iran and Iraqi Kurdistan region’s customs administrations expressed the two sides’ eagerness for the expansion of bilateral customs cooperation, IRIB reported.
December 23, 2019

Majlis votes to attach 2 southeastern ports to Chabahar Free Zone

TEHRAN- In an open session of Majlis on Sunday evening, the MPs approves the general outlines of a bill on attaching Shahid Kalantari Port and Shahid Beheshti Port to Chabahar Free Trade Zone in southeast of Iran, Tasnim news agency reported.
December 23, 2019

10% increase in Azadegan oil field’s recovery factor possible: research institute

TEHRAN - Studies and screening carried out by the University of Tehran’s Institute of Petroleum Engineering on Azadegan oilfield, in southwestern Iran, indicate that the joint field’s recovery factor can be increased by 10 percent, Shana reported.
December 23, 2019

NDF to allocate over $476m to support exports

TEHRAN – Iranian government is going to allocate 2 trillion rials (about $476.19 million) from the county’s National Development Fund (NDF) to provide working capital facilities for production units which are exporting their products, ILNA reported Mon...
December 23, 2019

‘IKAC a platform for increasing knowledge-based exports’

TEHRAN – Iranian Transport and Urban Development Minister said Imam Khomeini Airport City (IKAC)’s newly established free trade zone is an opportunity for the country’s knowledge-based companies to increase their exports.