January 26, 2019

Iran ranked world’s 10th largest steel producer in 2018: WSO

TEHRAN- Iran became the world’s tenth largest steel producer in 2018, Tasnim news agency reported referring to the data released by the World Steel Organization (WSO) on Saturday.
January 26, 2019

Iran not merely rely on SPV to expand trade: TPO head

TEHRAN – The head of Iran’s Trade Promotion Organization (TPO) said Iran will not solely rely on Iran-Europe trade mechanism, known as special purpose vehicle (SPV), for developing foreign trade and it will rather use its own capacities and capabilitie...
January 25, 2019

IRENEX to hold 4th round of offering oil within 2 weeks

TEHRAN- National Iranian Oil Company (NIOC) will offer light crude oil at Iran Energy Exchange (IRENEX) for the fourth time by the next two weeks, an NIOC director announced.
January 25, 2019

Real estate deals down 60% in a month

TEHRAN- The number of real estate deals fell 60 percent in the past Iranian calendar month of Dey (December 22, 2018 - January 20, 2019), IRIB reported citing the data released by the Ministry of Roads and Urban Development.
January 25, 2019

“114 foreign SMEs ready to cooperate in Iran’s oil projects”

TEHRAN – A member of the energy committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Reza Padidar, said 114 foreign small and medium enterprises (SMEs) have expressed willingness to cooperate in Iran’s oil projects, Tasnim...
January 25, 2019

Nearly 9m tons of goods loaded, unloaded at Iran’s port in a month

TEHRAN- Over 8.985 million tons of commodities were loaded and unloaded at the ports of Iran during the ninth Iranian calendar month of Azar (November 22 – December 21, 2018), Tasnim news agency reported on Friday citing the data released by Iran’s Por...
January 23, 2019

Tehran hosting 2 intl. expos

TEHRAN- The 18th International Paint, Resin, Coating, Composites and Plating Industries Fair and the 10the Door and Windows Technology International Exhibition are being run at the Tehran International Permanent Fairground from January 23 to 26.
January 23, 2019

TSE worth of trades up 62% since last March

TEHRAN- The value of trades at Tehran Stock Exchange (TSE) has risen 62 percent to 6.2 quadrillion rials (about $147.6 billion) from 3.8 quadrillion rials (about $90.9 billion) since the beginning of current Iranian calendar year (March 21, 2018), TSE ...
January 23, 2019

Forex market under CBI’s full control

TEHRAN- "The Central Bank of Iran (CBI) has a full control over domestic foreign exchange market," the central bank Governor Abdolnaser Hemmati announced in a televised interview on Tuesday.
January 23, 2019

Will phoenix rise from the ashes?

Iran has experienced an unprecedented devaluation of its currency, rial, during the current Iranian calendar year 1397, which is going to end on March 20, 2019.
January 23, 2019

NIOC inks deals worth $1b with domestic companies to boost output

TEHRAN – Subsidiaries of the National Iranian Oil Company (NIOC) signed nine deals worth $1 billion with domestic contractor companies for maintaining and increasing the production capacity of the country’s aging oil and gas fields, Shana reported.
January 22, 2019

Worth of trades in IME rises 41% in a month

TEHRAN- The value of trades in Iran Mercantile Exchange (IME) stood at 73 trillion rials (about $1.7 billion) in the tenth Iranian calendar month of Dey (December 22, 2018 - January 20, 2019), which shows 41 percent growth from the figure of its preced...
January 22, 2019

Kish Island hosting intl. energy exhibition

TEHRAN – Kish Island in south of Iran is hosting the 15th International Energy Exhibition (KISH ENEX 2019) until January 24, Shana news agency reported on Tuesday.
January 22, 2019

Will Iran’s oil revenues satisfy next year’s budget expectations?

Despite enjoying a great variety of income sources besides oil, Iran is undeniably dependent on oil revenues for managing its financial affairs. According to economists, near 70 percent of the Iranian government’s total income comes from selling oil an...
January 22, 2019

Inflation rate at 20.6%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on January 20, which marks the end of the tenth Iranian calendar month of Dey, stood at 20.6 percent, IRNA reported.
January 22, 2019

Industrial, energy projects worth $700m inaugurated

TEHRAN- In his two-day visit to the southeastern province of Kerman, First Vice-President Es’haq Jahangiri, accompanied by some cabinet members, inaugurated several major infrastructure projects worth $690.2 million on Monday and Tuesday, IRNA reported.
January 21, 2019

Over 55m tons of goods loaded, unloaded at Shahid Rajaee port in 9 months

TEHRAN- Over 55.4 million tons of commodities were loaded and unloaded at Shahid Rajaee Port, in south of Iran, during the first nine months of the current Iranian calendar year (March 21-December 21, 2018), according to the director general of Ports a...
January 21, 2019

Foreign investment in Iran’s capital market at $326m

TEHRAN- The value of foreign investment in Iran’s capital market has reached 13.7 trillion rials (about $326 million), IRNA reported on Monday quoting the head of Securities and Exchange Organization (SEO).
January 21, 2019

400m liters of oil, related products transferred via pipeline per day

TEHRAN- Some 400 million liters of oil and related products are transferred via pipelines throughout the country per day, the managing director of Iranian Oil Pipelines and Telecommunication Company announced.
January 21, 2019

Saffron output increases 15%

TEHRAN- Production of saffron in Iran since the beginning of current Iranian calendar year (March 21, 2018) stands at 400 tons which is 15 percent more than the figure of the previous year’s same period, according to the vice chairman of National Saffr...