Iran government to list banks, insurers in new IPO worth over $1bn
Press TV – The Iranian government is to list its shares in three banks and two insurance companies to raise over $1…
Economy
Iran approves import of 3 mln tonnes of wheat – local media
Reuters – Iran’s government granted permission for the import of 3 million tonnes of wheat in January, local media reported late on…
US tells UN to renew Iran arms embargo in breach of nuclear deal
Press TV – US Secretary of State Mike Pompeo has called on the United Nations Security Council to extend its conventional arms embargo on Iran,…
SCI reports Q4 youth unemployment
Financial Tribune – The Statistical Center of Iran provides two figures for the youth unemployment rate: the proportion of the population between…
Iran power consumption up 12%
Financial Tribune – Nearly 150 small towns in southern deprived areas namely Kerman, Fars and Sistan-Baluchestan were linked to the national grid…
Mineral reserves projected to hit 60b tons by March 2021
Financial Tribune – Iran’s mineral reserves currently stand at 50 billion tons and new explorations are expected to increase the figure by…
Iran: Coronavirus causes agrifood losses worth over $240 million
Financial Tribune – The novel coronavirus has inflicted losses worth 39,500 billion rials ($243 million) on the consumption and export sectors of…
Iran provides cash handouts to nearly 17 million households
Press TV – Iranian government has provided 17 million families in the country with cash handouts as part of measures to ease…
Containing corruption key to Iran’s economic recovery
Al-Monitor | Bijan Khajehpour: Iran is struggling to restart its economy in the face of COVID-19, sanctions and unchecked government misconduct, yet…
Iran says aluminum output would reach over 450k tons till March
Press TV – Iran’s production of aluminum would jump by more than 63 percent in the current calendar year ending March 2021…
First military sat launch means SPACE CLUB membership for embattled Iran, but US may respond to it with MORE SANCTIONS
RT – Strangled by America’s maximum pressure campaign, Iran was still able to send a military satellite into orbit, spelling the start…
Iran resorts to new financial tools to shore-up economy
Bourse and Bazaar | Navid Kalhor; The COVID-19 crisis has forced Iran’s government to turn to little-used financial tools to help stabilize…
In the year of Surge in Production, the government will do its best to implement this motto by Leader in practice: Rouhani
President.ir – At the end of the inauguration ceremony of 4 infrastructure and development projects in Fars province, which was held through…
EU regrets US refusal to allow economic aid for Iran to fight coronavirus
Reuters – The European Union has urged the United States to ease its sanctions on Iran and approve economic aid to help…
Handmade carpet shipments decline to decades low
Financial Tribune – A total of $50 million worth of hand-woven carpets were exported in the last Iranian year (March 2019-20), registering…
South Pars Gas Field boosts output
Financial Tribune – Programs are underway to increase output from South Pars Gas Field phases 20 and 21. Work is expected to…
Iran issues over 14% more manufacturing licenses y/y in March
Press TV – New figures by the Iranian government show that the manufacturing sector expanded by over 14 percent in terms of…
Tehran stock market can help banks cede excess assets
Financial Tribune – The governor of the Central Bank of Iran on Monday urged lenders to tap into the stock market to…
Iran shipped $60bn worth of goods, services since start of US sanctions
Press TV – Iran has pocketed around $60 billion from exports of products, services and energy since the United States imposed its…
Consumer inflation dips to 32.2% in Iran
Financial Tribune – The average goods and services Consumer Price Index in the 12-month period ending April 19, which marks the end…
TEDPIX climbs 14,267 points to reach 740,404
MNA – TEDPIX, the main index of Tehran Stock Exchange (TSE) 14,267 points to hit 740,404 on Wednesday (at 11:52 a.m. local…
Q&A: Iran’s Central Bank governor comments on IMF loan request
Bloomberg | Golnar Motevalli: The Head of Iran’s central bank, Abdolnaser Hemmati, provided written answers to questions from Bloomberg about the Islamic Republic’s…
All countries must take a clear stand against US’ inhumane pressure: Rouhani
President.ir – The Presidents of Iran and Turkey described the relations between the two countries as friendly, brotherly and developing towards ensuring…
Spain, EU should counter US attempt to deprive Iran of IMF loan: President
Tasnim – Iranian President Hassan Rouhani urged the European Union and Spain to take stances against the US government’s illegal attempt to…
EU three have no objection to IMF’s emergency loan to Iran amid COVID-19 – Berlin
UrduPoint News / Sputnik – Germany, France and the United Kingdom do not oppose the International Monetary Fund’s (IMF) loan to Iran,…
Iran will fare better than others after oil price drop, says Rouhani
Reuters – Iran will not suffer as much as other countries from the oil price drop because it is less reliant than…
OPEC unable to handle current situation solely: Zanganeh
MNA – Iran’s Oil Minister Bijan Namdar Zanganeh said the Organization of the Petroleum Exporting Countries cannot solely handle the current market…
Survey: Coronavirus reduces income of over 50% of Iranians
Financial Tribune – The outbreak of coronavirus has lowered the income of more than half of the Iranians, the latest opinion poll…
8% decline in Aluminum Iran’s output
Financial Tribune – Iranian aluminum producers had an aggregate output of 275,716 tons of aluminum ingots during the last Iranian year that…
Bleak estimates of economic impact spur Iran to end virus lockdown
Bourse and Bazaar – Following two years of recession triggered by the Trump administration’s “maximum pressure” sanctions campaign, Iran was showing signs…
With over 17 million tons, MSC tops steel production
Financial Tribune – With 17.22 million tons of output, Mobarakeh Steel Company had the largest share of steel production in Iran in…
Women in virus-hit Iran tech sector fight to keep hard-won jobs
AFP | Lucie Peytermann: From the hustle and bustle of a startup, Fereshteh Kasrai now works from home, like many Iranian women…
Voices from the Middle East: Doctors, COVID-19 patients and dilemmas of treatment under sanctions in Iran
Iran Review – Sima Shakhsari, a professor at the University of Minnesota, conducted this interview with two pediatricians in Iran. Dr. Sahar…
US can tighten pressure on Iran after November election, says expert
TASS – The pundit pointed out that incidents would continue in Iraq and the Persian Gulf, like the ones the world already…
Solidarity vs. sanctions in times of a global pandemic
Iran Review | Roxana Baspineiro: As the COVID-19 pandemic wreaks havoc globally –leaving more than 124,000 dead so far– capitalism has never…
Jahangiri: Iran adapted its budget to zero oil income
IRNA – Iran’s First Vice President Eshaq Jahangiri said on Tuesday that Iran adapted its budget to zero oil income, as the…
Industrial Bank of Korea settles US, New York criminal probes over $1 billion Iran transfer
Reuters – Industrial Bank of Korea, one of South Korea’s largest banks, will pay $86 million to settle U.S. and New York…
Petropars to start drilling wells in SP phase 11 by June
SHANA – The CEO of Petropars Company said due to the coronavirus outbreak in recent months loading of jackets to South Pars…
Iran’s graduate unemployment at 15.6% in Q4
Financial Tribune – Unemployment rate for university graduates stood at 15.6% in the fourth quarter of the current Iranian year (Dec. 22,…
Iran’s imports of essential goods rise 17% to $15.5 billion
Financial Tribune – The imported essential commodities included wheat, sugar, corn, rubber, barley, processed tea, rice, seeds, red meat, soybeans, pulses, paper,…