Iran, Armenia confer on implementation of mutual MOUs
MNA – In a meeting between Iranian Ambassador to Armenia Kazem Sajjadi and Labor and Social Affairs of the Republic of Armenia…
Economy
Iran’s Bank Mellat sues UK for $1.6 billion in damages
Press TV – UK High Court this month will take up a case brought by Iran’s Bank Mellat against the British government…
Iran, Turkey urge broadening of medical ties
IRNA – Chief of the Presidential Office Mahmoud Vaezi on Wednesday called for expansion of medical relations with Turkey. Iranian senior official…
Subway expansion in Iranian metropolises
Financial Tribune – Providing people with decent public transportation services is of high importance for cities worldwide and there is much room…
Privatization methods should be amended: fin. min.
Tehran Times – Iranian Finance and Economic Affairs Minister Farhad Dejpasand said the government should amend its policies and methods of setting…
Sanctions slash Iran’s automotive diversity
Financial Tribune – The choice of cars available to Iranian customers has shrunk over the past year after the US reimposed harsh…
IMIDRO to hold mining exploration conference on Sept. 24
Tehran Times – Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is planned to hold a conference on Iran’s mining…
Iran Fara Bourse climbs 9% in 1 month
Financial Tribune – Iran Fara Bourse’s main index IFX was up 304 points or 9% during the month to August 22 to…
Iran says July-August steel exports increase by %37
Press TV – Iran’s main government body active in the steel industry says monthly exports from the country have increased by more…
Iran’s air transport sector capacity high
Financial Tribune – A glance at unused capacities of Iranian airports reveals that the share of air transportation can reach 40-45 million…
Iran to increase tariff on raw minerals: VP Sattari
MNA – Vice President for Science and Technology Sorena Sattari said on Tue. that tariff rates for exporting raw minerals will increase.…
Iran seventh biggest global exporter of textile floorings
Financial Tribune – Iran was the world’s seventh biggest exporter of textile floorings in 2017, says director general of the Ministry of…
Iran, Turkey mulling over trade via national currencies: CBI governor
Tehran Times – In a meeting between Iran and Turkey’s presidents on Monday in Ankara, the two sides stressed expansion of economic…
Saipa of Iran to produce joint venture cars in African market
IRNA – South African car manufacturer “Mureza” announced on Wednesday it has plans to cooperate with Iran’s major automaker “Saipa” to assemble…
NPC considers maximized involvement of domestic firms
MNA – The National Petrochemical Company (NPC) is seeking to ensure the maximized involvement of domestic manufacturers and contractors in petrochemical projects,…
Iran to bypass SWIFT for trade transactions: CBI governor
MNA – Governor of Central Bank of Iran, Abdolnaser Hemmati, said Wed. that the country is making efforts to further strengthen trade…
Iran reinforces partnership with China for economic relief
Al-Monitor | Sabena Siddiqui: Facing an economic crisis in large part due to US sanctions, Iran soon may be aligning its policies…
Iran’s daily gas output from South Pars to hit 750mcm in months: Minister
Tasnim – Iranian Oil Minister Bijan Namdar Zanganeh said the country’s extraction of gas from the South Pars gas field would reach…
Electricity swap with Turkey to resume: Iran energy minister
MNA – Iranian Energy Minister Reza Ardakanian has said that Iran and Turkey have reached agreement on electricity swap, adding that the…
Biggest oil price surge since 1991
Financial Tribune – Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Persian Gulf War…
Ankara to host 27th meeting of Iran-Turkey joint economic commission
MNA – Hamid Zadboom, Caretaker head of Trade Promotion Organization of Iran (TPOI) announced on Tuesday that the 27th meeting of Iran-Turkey…
Attack on Saudi oil facilities: consequences and solutions
Tehran Times – As expected, oil markets started Monday trading with an unprecedented jump in prices following the attacks on Saudi Arabia’s…
70% decline in Iran’s trade with USA
Financial Tribune – Iran’s commercial exchanges with the United States saw a 70% decline during the first seven months of 2019 compared…
Power consumption in Iran falls below 40,000 MW
Financial Tribune – Power consumption fell below 40,000 megawatts at the weekend after 127 days as temperatures dropped across the country. Consumption…
Bank loans to economic sectors up over 30%
Tehran Times – Iranian banking system has offered facilities to domestic economic sectors in the first four months of the current Iranian…
Leader allows govt. to withdraw $ 300 mn for railway project in SE Iran
MNA – The Iranian First Vice President Es’hagh Jahangiri has said that the Leader of the Islamic Revolution has agreed with withdrawing…
Iran’s SEPAM replaces SWIFT in banking exchanges with Russia: CBI chief
Tasnim – Iran’s financial telecommunications system, known as SEPAM, has replaced the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in the country’s…
Iran oil industry developing despite sanctions: official
MNA – A senior Iranian oil official said that the industry is developing in the country despite the US’ economic sanctions. Speaking…
Iran’s petchem industry needs $40bn for significant growth
MNA – Deputy Minister of Oil for Petrochemical Affairs Behzad Mohammadi said that Iran’s petrochemical industry needs $40 billion for materializing most…
32% decline in Iran’s aluminum output
Financial Tribune – Major Iranian aluminum producers’ output during the first five months of the current Iranian year (March 21-Aug. 22) stood…
Iran’s leading petchem plant improves ICIS ranking despite sanctions
MNA – The ICIS has ranked Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) 35th in ICIS Top 100 Chemical Companies for 2019.…
Parliament censured over rush to rewrite Iran’s trade law
Financial Tribune – Economic analysts and business people have time and again called for reforming Iran’s decades-old Trade Law. However, they also…
US unsuccessful in stopping Iran oil sales: VP
Tasnim – Iranian First Vice-President Eshaq Jahangiri highlighted the futility of US attempts to cut Iran’s oil exports down to zero and…
INSTEX chairman in Tehran for trade negotiation
IRNA – New INSTEX chairman Michael Bock is currently on a visit to Tehran to meet with central bank officials and the…
220K tons of pistachios to be harvested in Iran
MNA – Head of Department of Agriculture Ministry announced that 220,000 tons of pistachios to be harvested in Iran this year. According…
Debate flares again over halting Pride’s production
Financial Tribune – The long-running debate over halting the production of SAIPA’s small car Pride has reignited, after Iran Traffic Police chief…
‘Iran supplying 40% of Iraq’s need for electricity’
MNA – Secretary General of Iran-Iraq Joint Chamber of Commerce informed on Saturday that presently Iran supplies 40 percent of Iraqi’s need…
Copper concentrate output 5,000 tons more than anticipation
Tehran Times – Production of copper concentrate by Iran’s National Copper Company during the first five months of the current Iranian calendar…
2mb of light crude at IRENEX on Tuesday
MNA – The National Iranian Oil Company will offer light crude at the next round of the international ring of Iran Energy…
Iran to hold exclusive expo of products in Sulaymaniyah in late Dec.
Tehran Times – Iran’s Trade Promotion Organization (TPO) will hold an exclusive exhibit of Iranian products in Sulaymaniyah in Iraqi Kurdistan from…