Petchem revenue topped $14.5bn
SHANA — The CEO of National Petrochemical Company (NPC), Behzad Mohammadi, has said that the petrochemical sector earned Iran $14.5 billion in…
Economy
Small-cap stocks dip in Tehran market
Financial Tribune – After climbing 13% last week, the Tehran Stock Exchange lost some momentum at the opening of trading week on…
New scheme to make home buying affordable
Financial Tribune – Stock market authorities are planning to launch a real estate exchange market to help address mounting challenges of the…
Zangeneh: Sanctions didn’t halt our projects
SHANA — Iran’s President Hassan Rouhani inaugurated the installation of the first jacket of Phase 11 of the massive South Pars gas…
Iran rial slides to new low as coronavirus, sanctions weigh
Reuters – The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday, as the…
Iran’s trade with Eurasian Economic Union hits $2.4b
Financial Tribune – Iran and the Eurasian Economic Union traded 6.86 million tons of commodities worth $2.4 billion from Oct. 27, 2019,…
Saudi influence hampering Iran’s exports to Kuwait: Businessman
Press TV – Iran’s exports to Kuwait continue to suffer from Saudi Arabia’s incessant pressures on the small Persian Gulf country, a senior…
Central Bank of Iran again raises interbank deposit rate
Financial Tribune – In bid to further narrow the rate spread in the interest rate corridor (IRC) the Central Bank of Iran…
Iran self-sufficient in repairing offshore oil rigs
Tasnim – Iran has gained self-sufficiency in the repair and maintenance of offshore oil drilling rigs, an official said. The CEO of…
Why Iran won’t be broken
Iran Review | Pepe Escobar: Iran after the revolution was all about social justice. It set up a very elaborate health care…
Lifting sanctions to confront COVID-19 outbreak, ‘a need’
MNA – Iran’s Ambassador and Permanent Representative to the United Nations said that removal of US sanctions imposed against target countries is…
President highlights Iran’s progress in energy sector despite sanctions, COVID-19
Tasnim – President Hassan Rouhani highlighted Iran’s major advances in the water treatment and electricity industries, saying the administration takes pride in…
Iran to launch $11.5b petchem projects by March 2021
SHANA – The deputy minister of petroleum for petrochemical affairs said a total of $11.5 billion worth projects would be launched in…
Imam Khomeini Port handles 9.3m tons of goods in three months
Financial Tribune – A total of 9.3 million tons of goods were loaded and unloaded in the southern Imam Khomeini Port during…
Iran’s agrifood exports exceed $890 million in 2 months
Financial Tribune – Iran exported 1.67 million tons of agricultural and food products worth over $890 million during the first two months…
Jahangiri says gov’t has created 3.5m jobs
IRNA – Iran’s First Vice-President Eshaq Jahangiri said on Tuesday that the 12th government under President Hassan Rouhani has created some 3.5…
Iran’s Q1 non-oil trade at $13.9b
Financial Tribune – Iran’s non-oil trade stood at $13.98 billion during the first three months of the current fiscal year (March 20-June…
2,500 commercial cards suspended
Financial Tribune – Iran’s Trade Promotion Organization suspended 2,500 commercial ID cards after their owners failed to heed government warnings regarding the…
SAIPA strengthens ties with academia for tech upgrade
Financial Tribune – Iran’s major automaker SAIPA is strengthening cooperation with the University of Science and Technology to upgrade its products with…
Share market logs big fall
Financial Tribune – Tehran stocks stumbled to break above the psychological 1.5 million points on Monday and shed more than 10,000 points…
Rouhani urges facilitating digital economy promotion in stock markets
IRNA – President Hassan Rouhani on Tuesday called on the Minister of Economy Farhad Dejpasand to pave the grounds for companies active…
Iran’s Chabahar; big chances for investment
IRNA – Chabahar has a free trade zone and two ports, completion of first phase by the public sector has given the…
5th ship carrying India’s wheat cargo to Afghanistan docks at Chabahar Port
MNA – India’s fifth consignment of humanitarian aid to Afghanistan has arrived in Chabahar’s Shahid Beheshti Port, said the director-general of Sistan…
Rent increases over 25% banned in Tehran
Financial Tribune – Tenancy agreements signed as of June 29 may not increase rents by more than 25% in Tehran and 20%…
Tehran stocks near threshold level
Financial Tribune – Large and small-cap shares took different paths in the Tehran Stock Exchange on Sunday with the shares of the…
Extension of Iran’s arms embargo illegitimate
Iranian Diplomacy | Farshid Farahnakian: On May 8, 2018, President Donald Trump announced his decision to cease the United States’ participation in…
Rial erases gains
Financial Tribune – Major foreign currencies rallied again in Tehran’s open market on Sunday with the dollar bouncing back to 202,000 rials,…
Iran gas exports up 3.6 bcm
SHANA – An Iranian deputy petroleum minister announced that Iran’s natural gas exports had increased by 3.6 billion cubic meters, or 26%,…
Developing Persian Gulf fields to avert South Pars output fall
SHANA — As Iran’s Petropars starts developing Phase 11 of the giant South Pars gas field with a view to making first…
NISOC output capacity up
SHANA — Iran’s minister of petroleum, Bijan Zangeneh, recently said that despite the outbreak of the novel coronavirus, oil and gas production…
IKCO launches 175 projects for auto parts localization
Financial Tribune – In line with efforts to deepen the localization of auto parts production, 175 projects have been launched by Iran’s…
Gasoline export to Venezuela trade deal: oil min.
MNA – Stressing Iran has not given gasoline to Venezuela for free, Iranian Oil Minister Bijan Zanganeh said that exporting gasoline to…
Iran’s central bank injects cash to lift rial, governor says
Reuters – Iran’s Central Bank has injected hundreds of millions of dollars to stabilise the currency market, bank governor Abdolnaser Hemmati said…
TEDPIX ready to touch 1.5mn points
MNA – Registering a growth of 46,800 points on Saturday, TEDPIX, the major index of the Tehran Stock Exchange (TSE), stood at…
Indian bank eyes non-oil imports from Iran to sustain rupee-rial trade
MNA – India’s UCO Bank is exploring the avenues to keep the rupee payment mechanism with Iran alive, amid the challenges made…
Tehran home sales, prices rise
Financial Tribune – The number of home sales in Tehran stood at 11,046 as the average price of each square meter of…
Official: $518m worth of goods exported from Aras Free Trade Zone
IRNA – Managing Director of Aras Free Zone Organization Mohsen Nariman referred to 105% increase in exports from Aras Free Trade Zone…
Turkish politician believes anti-Iran sanctions unfair
MNA – Fateh Arbakan, Turkey’s new leader of the Welfare Party, described US unfair sanctions against Iran amid the COVID-19 unacceptable. In…
80% of Iran’s trade borders reopen: Acting minister
Tasnim – Caretaker of Iran’s Ministry of Industry, Mine and Trade said 80 percent of the country’s borders have been reopened for…
Rial settles 5.6% up
Financial Tribune – Iran’s national currency pared more of earlier losses on Thursday, gaining 5.6% against the dollar in two days after…