Agricultural production set to rise significantly: minister
Tehran Times – Iranian Agriculture Minister Mahmoud Hojjati said the country is expected to experience a significant increase in agricultural production due…
Economy
Issuance of industrial unit establishment permits rises 25% in 2 months
Tehran Times – Issuance of permits for setting up industrial units in Iran increased 25 percent during the first two months of…
Iran’s investment in mining sector to hit $3bn this year
MNA – Deputy Minister of Industry, Mine and Trade Khodadad Gharibpour said Monday that Iranian Mines and Mining Industries Development and Renovation…
Iran’s non-oil trade witnessing mild growth
MNA – Iran’s non-oil trade has been posting a mild growth in the past months, thanks to the government’s push to create…
Iran’s accession to Eurasian Economic Union in final stages
MNA – Iranian Minister of Energy Reza Ardakanian said Iran’s accession to the Eurasian economic region is currently in its final stages.…
30% Rise in oilseed output expected
Financial Tribune – More than 440,000 tons of oilseeds are expected to be produced in Iran in the current fiscal year (started…
Annual crude steel output to hit 30m tons by March 2020
Tehran Times – Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqini announced that the country’s annual crude steel production is planned…
Iran’s export of tile, ceramics up by 10% last year
MNA – Head of Iran Tile and Ceramic Producers Guild Association Mohammad Roshanfekr said Saturday that the country produced 400 million square…
IKIA’s free trade zone to facilitate trade of goods
MNA – Imam Khomeini International Airport’s (IKIA) free trade zone will soon be ready for economic activities through the establishment of a…
Central bank of Iran says bank deposits growing
Financial Tribune – Deposits in Iranian banks and credit institutions totaled 20,223 trillion rials ($155 billion) during the eleven-months to Feb 19,…
NIOC to offer 2mn barrels of heavy crude at IRENEX on Tue.
MNA – The National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX)…
13% decline in Iran airport traffic
Financial Tribune – Iran Airports Company registered 30,635 takeoffs and landings during the second month of the current Iranian year (April 21-May…
How Iran’s startup sector can realize its potential
Al-Monitor | Bijan Khajehpour: Experts agree that the promotion of knowledge-based startups would be a suitable remedy to address the intensifying unemployment…
Russia, Iran have potential to increase bilateral trade – Minister
Sputnik – Russian-Iranian trade exceeded $1.7 billion in 2018, but the two countries have the potential to increase this indicator, Russian Minister…
Iran-Russia joint economic commission convenes
IRNA – The Fifteenth meeting joint economic committee of Iran and Russia is underway in Tehran with presence of high-ranking officials from…
Envoy: Iran-Russia ties still dynamic, vibrant
IRNA – Iranian Ambassador to Russia referred to holding Iran-Russia joint economic meeting within days, saying despite pressures and threats, the relations…
US allows Iraq to import Iranian energy for three more months
The New York Times – The United States has allowed Iraq to import Iranian gas for its power grid for another three…
Renewable progress slow in Iran
Financial Tribune – Iran has taken baby steps in expanding renewable energy and its development requires changing the economic policies and creating…
Iran produced 4.156m bpd of crude oil in 2018: BP
Tehran Times – Major multinational oil and gas company British Petroleum (BP), in its latest world energy report called “BP Statistical Review…
Switzerland planning to establish financial channel for medicine in Iran
IRNA – Swiss ambassador to Tehran Markus Leitner emphasized that his country is seeking to establish and launch a financial communication channel…
New duties on date exports lifted
Financial Tribune – The new duties imposed on date exports have been lifted following strong protests over the restrictive move by Iran…
Iran auto production slides
Financial Tribune – Since June 2018, Iran’s auto production has been plummeting. Data released by the Industries Ministry show that the decline…
‘Iran to initiate new economic transactions despite US will’
Tehran Times – Iran is to kick off new economic transactions with other countries despite the will of the U.S. that wants…
Oil prices jump following suspected attacks on two oil tankers in Sea of Oman
Press TV – Crude oil futures have jumped on Thursday following reports of explosions targeting two oil tankers in the Sea of…
‘Iran-Japan Joint Chamber of Commerce to be set up soon’
Tehran Times – Iran-Japan Joint Chamber of Commerce will be opened in Tehran in near future, Iran Chamber of Commerce, Industries, Mines…
Iran becomes self-sufficient in supplying hospital disinfectants
MNA – Iranian producers have become self-sufficient in manufacturing hospital equipment to control infection, a senior official at the Association of Manufacturers…
Iran exports $500,000 worth combine
IRNA – Head of Iran Combine Manufacturing Company Ali Asghar Hamidifar said on Wednesday that Iran exported dlrs 500,000 worth combine to…
Iran blocks 1,300 overseas POS terminals
Financial Tribune – More than 1,300 point of sale terminals operating outside Iran have been blocked after the Central Bank of Iran…
Iran inks MOU with Iraqi Kurdistan to boost bilateral trade
Tehran Times – Iranian Secretariat of Free Zones High Council signed a memorandum of understanding with Importer and Exporter Union of Iraqi…
Spring tea harvest: Iran gov’t buys over 50k tons of green leaves
Financial Tribune – A total of 50,309 tons of green tea leaves produced during the spring harvest have been purchased by the…
Iran eyes 15 mt/y petchem output in PEIISEZ
MNA – Iran is building 14 petrochemical projects in Phase I of Parsian Energy Intensive Industrial Special Economic Zone (PEIISEZ) which will…
Iran scrambles to lift petrochemical sales as sanctions hammer oil
Reuters | Jonathan Saul, Parisa Hafezi, Marcelo Teixeira: Iran has been racing to step up exports of petrochemicals and tap new markets to compensate…
Iran, China resolved to enforce past agreements
Tasnim – Iranian Foreign Minister Mohammad Javad Zarif and China’s new ambassador to Tehran weighed plans to carry out the agreements signed…
Joint innovation fund to be established to ease Iran-China: NIF chief
MNA – Managing Director of Iran National Innovation Fund (NIF) announced on Tuesday that a joint innovation fund will be established to…
Gigantic offshore platform being shipped to Iran’s southern gas field
Tasnim – The third platform of Phase 14 of Iran’s South Pars gas field, which has been built by domestic experts, was…
Iranian currency dealers to be briefed on regulated forex market
Financial Tribune – The Association of Bureaux de Change Operators of Iran will hold a briefing on Wednesday for members of the…
Iran government removes ban on auto presales
Financial Tribune – While complaints against local automotive companies over delayed deliveries have piled up at the judiciary, the government has given…
NPC, IMIDRO agree to accelerate petchem projects in southern Iran
MNA – The National Petrochemical Company (NPC) and the Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO), have reached an…
Handicrafts exports up 3%, hit $289 million
Tehran Times – Iran’s handicrafts exports reached $289 million in the past Iranian calendar year 1397 (ended March 20), showing three percent…
Flood-hit areas in Iran exempt from gas bills
Financial Tribune – Oil Minister Bijan Namdar Zanganeh said the government has exempted households and industrial gas subscribers in flood-hit areas from…