Tehran stocks dip into correction phase
Financial Tribune – Tehran Stock Exchange lost close to 1% in Wednesday trade. The TSE’s main index, TEDPIX, shed 1,972 points to…
Economy
Loans to promote CNG-Hybrids vehicles in Iran
Financial Tribune – As per a scheme implemented by the National Iranian Oil Refining and Distribution Company, low-interest loans are being offered…
Iran’s Trade minister reviews mutual ties with Azeri President
IRNA – Visiting Iranian Minister of Industries, Mining and Trade Reza Rahmani conferred on Thursday with Azeri President Ilham Aliyev on issues…
SPGC eyes 7 bcm gas output growth
SHANA — The natural gas output of South Pars Gas Complex (SPGC) is expected to rise by 7 billion cubic meters this…
Oil prices rise on lower US stocks, OPEC+ supply cuts
Reuters – Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its…
Iran urges world community to counter unilateral sanctions
IRNA – Advisor to minister of economy Mohammad Khazaee urged the international community to take a action against any aggressive unilateral economic…
Iran favors $5b trade volume with Pakistan
IRNA – Minister of Industry, Mines and Trade Reza Rahmani called for raising the volume of trade exchanges with Pakistan to $5…
Tehran, Ankara to establish mechanism similar to INSTEX for joint economic ties: Zarif
MNA – Iran and Turkey accorded to create and utilize a similar mechanism to the European INSTEX (Instrument in Support of Trade…
Sanctions aimed at bringing Iran to negotiating table with US
MNA – The former Iranian ambassador to Norway and Hungary Abdulreza Farajirad has said that the US sanctions are aimed at bringing…
Stocks in Tehran add value
Financial Tribune – After recording a whopping growth of 5,700 points on Monday, the main gauge of Tehran Stock Exchange continued its…
Annual copper concentrate output beats forecast
Tehran Times – Production of copper concentrate in Iran during the past Iranian calendar year (ended on March 20, 2019), was five…
Envoy: Royal Mail to re-establish post services to Iran
FNA – Iranian Ambassador to London Hamid Baeidinejad said on Wednesday that the Royal Mail Company has changed its decision after being…
US not to be allowed to hit Iran’s trade ties with other nations: Zarif
Tasnim – Iranian Foreign Minister Mohammad Javad Zarif deplored the US sanctions against the Islamic Republic and said the Washington administration would…
No oil spill reported near Hoor al-Azim wetland
Financial Tribune – Despite the recent floods there has been no report of oil spill in Khuzestan Province oilfields, most of which…
Sources: Iran’s oil exports hit 2019 low in April
VOA News – Iran’s crude oil exports have dropped in April to their lowest daily level this year, tanker data showed and…
Pakistan says ready to export onions to Iran at cheap prices
MENAFN – Officials of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) have announced that the country is ready to export…
Turkey looking at new trade mechanisms with Iran to avoid US sanctions
Reuters – Foreign Minister Mevlut Cavusoglu said on Wednesday Turkey is looking into establishing new trade mechanisms with Iran, like the INSTEX…
Turkey to US: Iran embargoes are ‘wrong’
Anadolu Agency – Turkey will continue telling the U.S. that the embargoes on Iran are “wrong”, Foreign Minister Mevlut Cavusoglu said Wednesday.…
Iran closes oil wells in flood-hit Khuzestan province, output drops
Reuters – Iran has shut around a dozen oil wells in its oil-rich southwestern Khuzestan province because of massive floods, the semi-official…
Ardebil prov. to host ECO health tourism conf.
MNA – Second International Health Tourism Conference of Economic Cooperation Organization (ECO) will be held in Ardebil province on June 18-20. Deputy…
Iran, Oman to launch new shipping line by late April
MNA – Iran and Oman are set to add a new direct shipping route between their ports in the Persian Gulf in…
Iran says oil sales will go on without problem
Tasnim – An Iranian lawmaker said the experience of bypassing sanctions have enabled Tehran to keep selling oil in the current Iranian…
Turkey expects Washington to extend sanctions waiver on Iran oil
Reuters – Turkey expects the United States to extend a waiver granted to Ankara to continue oil purchases from Iran without violating…
US waiver concern sees Iranian oil buyers put imports on hold
Bourse and Bazaar | Bloomberg: The biggest buyers of Iranian oil are said to be putting their purchases on hold as they…
Iran: Q1-3 economic growth at -3.8%
Financial Tribune – Iran’s gross domestic product saw a contraction of -3.8 during the three quarters of the last fiscal year (March…
Iran’s Ilam province to host new oil, gas projects
Tasnim – Governor of Ilam, an underprivileged province west of Iran, announced plans for the launch of two major oil and gas…
Agricultural production meets 85% of Iran’s domestic demand
Financial Tribune – Around $80 billion worth of agricultural products are produced in Iran every year, $75 billion of which are consumed…
ICJ extends time-limits for Iran, US initial pleading files
IRNA – The International Court of Justice extended time-limits for Iran and the US to file pleadings in an ongoing case in…
Enticing terms for oil buyers on IRENEX
Financial Tribune – Having hosted eight crude oil auctions since last year, Iran Energy Exchange is adapting to the possible needs of…
Oil min.: Iran inks contract with Chinese firm to develop SP phase 11
MNA – Iranian Oil Minister Bijan Namdar Zanganeh revealed the conclusion of a contract with Chinese company for the development of phase…
Envoy warns to sue Britain’s Royal Mail in UPU for suspension of services to Iran
FNA – Iranian Ambassador to London Hamid Baeidinejad underlined the need for ending disruption of postal services to Iran by Britain’s Royal…
Oil edges above $71 as supply risks back in focus
Reuters – Oil edged above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that…
Cabinet studying currency reconversion, lopping off 4 zeroes of nat. currency
MNA – According to the request of the Central Bank of Iran (CBI), the economic committee of the cabinet has on agenda…
Parl. presiding board receives bill on protecting economy against US
MNA – The bill on protecting domestic economy against US was submitted to the Presiding board of the Parliament today. As Alireza…
Natural disasters insurance fund to be established: CBI governor
Tehran Times – CBI Governor Abdolnaser Hemmati announced that a natural disaster insurance fund will be set up in the country, IRIB…
Iran takes part in Iraq Agrofood Trade Show 2019
MNA – The Islamic Republic of Iran is participating at Iraq Agrofood & Plastprintpack Exhibition 2019 with as many as 40 companies.…
UniCredit to pay $1.3 billion in biggest Iran sanctions fine
Bloomberg – UniCredit SpA’s German banking unit pleaded guilty to U.S. charges that it allowed Iranian customers to conduct transactions in violation…
Iranian industrialists demonstrate capabilities in Oman
IRNA – An Iranian economic delegation comprising of managers of industrial townships met with Iran’s Ambassador to Muscat Nouri Shahmoradi on Monday…
Iran attending China’s largest export-import expo
IRNA – The 125th Exhibition of Chinese Imports and Exports called Canton which is the largest exhibition of the country opened on…
Tehran stock market scales new highs
Financial Tribune – Stocks hit all-time closing highs on Sunday encouraged by the previous day’s landmark point when the benchmark index TEDPIX…