Fuel smuggling vol. shrinks 9mn lit. this year: Interior min.
MNA – Interior Minister Abdolreza Rahmani Fazli said that fuel smuggling volume in the country declined 9 million liters. Statistics showed that…
Economy
Non-oil trade at over $72b in 10 months
Tehran Times – The value of Iran’s non-oil trade hit $72.3 billion during the first ten months of the current Iranian calendar…
Legacy of Dutch disease in Iran’s economy
Financial Tribune – It was a strongly-held belief that the abundance of natural resources (such as fossil fuels and certain minerals) in…
Tax and transparence
Financial Tribune | Amin Sabooni: Many governments and municipalities say they use the money for a variety of reasons, such as promoting…
Tehran stocks buoyed by domestically-oriented shares
Financial Tribune – Unlike the shaky global markets, Tehran stocks opened trading week in positive territory as investors sold metal and commodity…
Iran’s steel production marks record of 30% growth in 2019: WSA
Tehran Times – Iran’s crude steel production increased by 30 percent in 2019 while the average global growth in this sector stood…
Dollar, Euro higher amid CBI effort to stabilize rates
Financial Tribune – Exchange shops in Tehran on Saturday sold the US dollar at 133,500 rials, which was up 2.7%, or 3,500…
Iran eyes enhanced oil recovery in Azadegan joint field
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said plans were under way to enhance oil recovery factor of the Azadegan joint…
Iran has a bitcoin strategy to beat Trump
Foreign Policy | Tanvi Ratna: As the United States expands its sanctions, Iran has been ramping up its use of cryptocurrencies to get…
Lack of energy-efficient buildings
Financial Tribune – Compared to 2019, natural gas consumption in the household sector increased by 10% and surpassed 600 million cubic meters…
Banks deposits in Iran rise to $182b
Financial Tribune – Banks customers had 23,725.6 trillion rials ($182.5 billion) in deposits with banks and credit institutions by the end of…
1,000 cryptocurrency miners given permits
Financial Tribune – The Ministry of Industries, Mining and Trade has issued 1,000 plus licenses for cryptocurrency mining units so far, an…
Iran’s Petropars developing South Pars gas field after withdrawal of foreign companies
Reuters – Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil…
Iran’s top judge hails efforts to bypass sanctions
Tasnim – Iran’s Judiciary Chief Seyed Ebrahim Raeisi lauded the efforts by Iranian officials and experts to circumvent the foreign sanctions and…
US imposes fresh Iran-related sanctions on two people, six companies
Reuters – The United States on Thursday said it blacklisted two companies based in Hong Kong, one in Shanghai and one in…
Iran boosts Parsi oilfield output
SHANA — Well #44 of Parsi Oilfield was commissioned and operated using gas lift technique which has increased the field’s oil output…
Iran saves $1b by replacing gasoil fuel with gas in Kish power plant
SHANA — The head of the Iranian Offshore Oil Company’s Kish District said by replacing gasoil with gas in the island’s power…
Iranian builders supply 85% of oil industry equipment
SHANA — The chairmen of the board of directors of the Iranian Oil Industry Equipment Manufacturers Association said that the share of…
US bars Iranians from trade and investment visas
Reuters – The United States, locked in a tense confrontation with Iran in the Middle East, has barred Iranians from entering the…
British Court of Appeal starts addressing case of London’s debt to Iran
IRNA – A British Court of Appeals hearing on part of debt related to the UK’s arms deal with Iran began on…
Stock market generates $9.9 billion in 9 months
Financial Tribune – Iran’s stock market made funds available for businesses to the tune of 1,290 trillion rials ($9.9 billion) in the…
Iran’s economy incurs heavy losses from natural disasters
Financial Tribune – Floods have inflicted losses worth nearly 90 trillion rials [$690 million] on Iran’s economy in the fiscal 2019-20. The…
Inflation rate slides 1.4%: SCI
Tehran Times – The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on January 20,…
Iran, Turkey traders meet to step up ties amid US sanctions
Press TV – Representatives of about 80 Iranian companies were meeting their counterparts at a conference in Istanbul on Wednesday as part of…
Payout ratio of insurers declines
Financial Tribune – Domestic insurance companies’ total payout in the first nine months of the current fiscal year (March-December 2019) amounted to…
Iran exported $1.4 bn worth of plastic products till March: Official
Press TV – Iran exported nearly $1.4 billion worth of plastic products in the year ending in March 2019, according to the…
China investments in Iran near $27b
Financial Tribune – Of the total Chinese investment, 1.53 billion were made in chemical industries, $11.1 billion in energy, $4.96 billion in…
Veteran bankers defy Iran’s new banking bill
Financial Tribune – The Majlis ratified the outlines of banking rules under the “Comprehensive Islamic Banking Bill” in December. It includes three…
US’ illegal sanctions against independent states crime against humanity: Rouhani
MNA – In a meeting with Venezuelan Foreign Minister Jorge Arreaza in Tehran on Tuesday, Iranian President Hassan Rouhani referred to the…
Slight recovery in Iran’s housing PMI
Financial Tribune – Iran Chamber of Cooperatives has measured the purchasing managers’ index (PMI) for the country’s real-estate and construction sectors, under…
Freezing temperatures push up gas consumption in Iran
Financial Tribune – Gas consumption in the household sector is expected to surpass 600 million cubic meters (per day) as cold spell…
Iran power industry: Exports up, imports down
Financial Tribune – The pattern of power exports over the past three years is worthy of appreciation because, among other things, it…
Iran’s CB: Taming inflation is a top priority
Financial Tribune – Having accomplished one goal of bringing a semblance of stability to currency market, the Central Bank of Iran will…
Commercial banks owe $15.5 bn to Iran’s central bank: Report
Press TV – Iranian commercial banks and financial institutions owe the central bank of the country a total of $15.5 billion, according…
MPs okay goods exports’ exemption from taxation
MNA – With the majority votes of Parliament representatives, the export of goods and services were exempted from taxation. Representatives of the…
Tehran stocks set new highs
Financial Tribune – Tehran stocks opened trading week on a high note Saturday, extending a bullish trend that has dominated the market…
Central Bank of Iran commences open market operation
Financial Tribune – The first transactions were reported under the newly unveiled Open Market Operation on Saturday when 10,000 treasury bills were…
99 small mines revived since March 2019
Financial Tribune – A total of 99 small-scale mines have been revived in Iran since the beginning of the current Iranian year…
10% growth in Iran’s cement production
Financial Tribune – Iran produced 41.5 million tons of cement during the first eight months of the current fiscal year (March 21-Nov.…
Reinsurance industry seeking Int’l ties
Financial Tribune – Insurance companies are facing restrictions for transferring risk to foreign reinsurance companies, though talks are underway with reinsurance companies…