February 24, 2019

Iran’s exports to Pakistan hit record high in 10 months

TEHRAN- Iran’s commercial attaché to Pakistan announced that during the first ten months of the present Iranian calendar year (March 21, 2018- January 20, 2019) exports to Pakistan hit the highest record ever reaching $1.019 billion, the official porta...
February 24, 2019

Inflation rate at 23.5%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on February 19, which marks the end of the eleventh Iranian calendar month of Bahman, stood at 23.5 percent, IRIB reported on Sunday.
February 24, 2019

Afghanistan officially starts exporting goods to India through Chabahar

TEHRAN – In an official ceremony on Sunday, the Afghanistan-Iran-India trade corridor in which Afghanistan will export goods to India through Iran’s southeastern Chabahar Port was inaugurated.
February 24, 2019

Iran 90% self-sufficient in manufacturing fuel station equipment

TEHRAN - Iran has achieved 90 percent self-sufficiency in manufacturing equipment for fuel stations, Shana reported on Saturday quoting head of planning and studies center for fuel stations.
February 24, 2019

‘Stable housing prices predicted for next year’

TEHRAN- The housing market is predicted to witness stability in the next Iranian calendar year (begins on March 21, 2019), the head of National Property Advisers Union announced.
February 24, 2019

Oil revenues share of budget resources grows in 9 months

TEHRAN- According to the latest report of the economic department of Iran’s finance ministry, the share of oil revenues in supplying the required budget in the first nine months of the current Iranian calendar year (March 21- December 21, 2018) has inc...
February 23, 2019

‘Supportive package to be granted to expand exports by March 20’

TEHRAN- A five-trillion-rial (above $119 million) package is to be granted for backing exports from the country by the end of the present Iranian calendar year 1397 (March 20, 2019), IRIB quoted the acting head of Trade Promotion Organization (TPO) as ...
February 23, 2019

Sierra Leone welcomes Iranian private sector investments

TEHRAN- In a meeting between Ambassador of Sierra Leone to Tehran Alimamy Kamara and Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari, the African envoy invited Iranian private sector to invest on his count...
February 23, 2019

Oil to be offered at IRENEX every week: Zanganeh

TEHRAN- National Iranian Oil Company (NIOC) will offer crude oil at Iran Energy Exchange (IRENEX) every week, Iranian Oil Minister Bijan Namdar Zanganeh told Islamic Consultative Assembly News Agency (ICANA).
February 23, 2019

Private sector should contribute to oil fields development: NIOC director

TEHRAN - Director of National Iranian Oil Company (NIOC)’s Discovery Department said the private sector should be able to contribute to developing the country’s oil fields, IRNA reported on Saturday.
February 22, 2019

Over 19,600 villages supplied with drinkable water through pipelines

TEHRAN – Director General of the Bureau for Planning at Iran’s Water and Wastewater Engineering Company said currently over 19,600 villages across the country are being supplied with sustainable drinking water through pipelines.
February 22, 2019

Electricity generated from renewables to come into next year’s export basket

TEHRAN – Iran plans to diversify its energy exports in the next Iranian calendar year (begins on March 21, 2019), adding electricity generated from renewable sources to the export backset, IRIB reported on Thursday quoting an energy official.
February 22, 2019

IMIDRO to renovate 5,000 economic units in next year

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) intends to renovate 5,000 economic units using 100 trillion rials (about $2.38 billion) of investment during the next Iranian calendar year 1398 (starting Marc...
February 22, 2019

Above 120 companies attending intl. jewelry expo in Tehran

TEHRAN- The 11th International Exhibition of Gold, Silver, Jewelry, Watch and Related Industries is the host for more than 120 domestic and foreign companies at Tehran Permanent International Fairground from February 21 to 24, 2019, IRIB reported.
February 22, 2019

Minerals, mining exports account for 21% of non-oil exports in 10 months

TEHRAN- Minerals and mining exports accounted for 21 percent of Iran’s non-oil exports in terms of value during the first ten months of the current Iranian calendar year (March 21, 2018 – January 20, 2019), IRNA reported on Friday according to the data...
February 22, 2019

Iraq to import Iranian energy avoiding U.S. dollar: Iraqi official

TEHRAN- Iraq is close to finalize a deal for importing Iranian energy despite American sanctions by avoiding the U.S. dollar, an Iraqi official said.
February 21, 2019

Iran’s oil exports exceed expectations in early 2019

TEHRAN – Iranian crude oil exports stood higher than expected in January and are holding steady in February, Reuters reported on Tuesday citing tanker data and industry sources.
February 20, 2019

‘Industry’s priority preserving domestic production level’

TEHRAN- “The main goal and priority of industry ministry is preserving the current level of domestic production,” Iranian industry minister announced in a news conference in the southern province of Kerman on Wednesday.
February 20, 2019

Each 50MW wind farm creates 44,000 jobs in Iran: official

TEHRAN – Head of Iran Renewable Energy Association said on Wednesday that every 50 megawatts capacity of wind farms could create 44,000 job opportunities in the country, IRIB reported.
February 20, 2019

Parliament allows oil ministry to issue up to $3b of Sukuk

TEHRAN- According to the latest ratification of the parliament, Iranian oil ministry is permitted to issue up to $3 billion of sharia compliant bonds, known as Sukuk, Shana reported on Wednesday.