Iranian SMEs’ exports hit $4b
Financial Tribune – Iranian small- and medium-sized enterprises exported goods worth $4 billion during the last Iranian year (March 2018-19), according to…
Economy
Flare gas waste to be zeroed in major Iranian oil fields by 2022
Tehran Times – Head of National Iranian South Oil Company (NISOC) said that the country’s southern oil fields will stop wasting flare…
Iran poised to strengthen trade, production exchanges with Caspian Sea littoral states
MNA – Deputy Minister of Industry and Chief Executive of Industrial Development and Renovation Organization of Iran (IDRO) Mohammad-Baqer Aali said on…
Tariff discounts help cut power consumption
Financial Tribune – Although peak electricity demand hour growth soared by 5% on average between 2008 and 2018, the figure has barely…
Auto part makers calling for Industry Ministry’s new policies
Tehran Times – Domestic auto part manufacturers want Industry Ministry to make new policies that facilitate their activities, the secretary of Iranian…
Shaparak plans new mobile payment network
Financia Tribune – A new generation of mobile payment network will be unveiled soon, said an official with the local payment settlement…
Iran’s non-oil trade surplus with VISTA reaches $420 million
Financial Tribune – Iran traded 10.81 million tons of non-oil commodities worth $6.33 billion with the VISTA group of countries in the…
5% decline in Iran airport traffic
Financia Tribune – Iran Airports Company registered 34,065 takeoffs and landings during the fourth month of the current Iranian year (June 22-July…
Karoun Power Plant to supply sustainable electricity to PEDEC
Tehran Times – Iran’s Petroleum Engineering and Development Company (PEDEC) plans to connect Yadavaran Oilfield to West Karun Power plant, a measure…
Iranian delegation visits Iraq to discuss joint railway project
MNA – An Iranian delegation has visited Iraq to hold talks on the Shalamcheh-Basra railway and to visit the sites where the…
‘No problem in clearing cargoes at Iranian ports’
Tehran Times – A deputy with the Islamic Republic of Iran Customs Administration (IRICA) said there is no particular problem in clearing…
West tries to bring Iran’s pharmaceutical exports to zero: Iranian official
MNA – The chairman of the Iranian Pharmaceutical Industries Syndicate says that the foreign sanctions are targeting all of Iran’s Pharmaceutical exports.…
Iran to cut budget dependency on oil revenues to zero: Nobakht
MNA – Head of the Plan and Budget Organization Mohammad-Bagher Nobakht said Sun. that the new reforms in the structure of the…
2mn barrels of light crude at IRENEX on Tuesday
MNA – The National Iranian Oil Company will offer two million barrels of light crude oil at the international ring of the…
Iran’s imports of basic goods surge by 69 percent: Chief banker
Press TV – Iran’s chief banker has said that imports of basic goods and foodstuff to the country have surged by more…
Iran to set up domestic automotive parts production site in some countries
MNA – Member of Homogenous Association of Automotive Parts Manufacturers Hamid Reza Samadi revealed the launch of domestic automotive parts production site…
TSE value of trades rises 25% in a week
Tehran Times – The value of trades at Tehran Stock Exchange (TSE) stood at 50.324 trillion rials (about $1.198 billion) during the…
Cost of money declines 1.5% in Iran
Financial Tribune – T he cost of money has declined up to 1.5% following a government decision to scrap the overnight interest…
Official says Chabahar Port, hub of int’l trade
IRNA – Port of Chabahar is a shortcut hub for international trade of Iran, Pakistan, Afghanistan and the route for outside world…
Can Iran combat corruption in petroleum sector?
Al-Monitor | Bijan Khajehpour: Iran’s anti-corruption campaign has gained a rare momentum. There is regular reporting about new arrests and court cases…
Visa-free program to be applied for Chinese, Honkongers as of July 16
MNA – Iran will start implementation of no-visa policy for Chinese and Hongkonger tourists and businessmen who make trips to Iran as…
Iran’s oil exports never ceased
MNA – Former Member of Iranian Parliament Abdollah Hatamian said on Saturday that Iran’s oil exports will never be halted despite US…
Iran judiciary to review controversial airline privatization
PressTV – Iran’s judiciary is to review alleged irregularities in the privatization of a major government-run airline after parliament lawmakers claimed the…
Connection of all provinces’ capitals to rail line sys., atop govt. agenda
MNA – First Vice President Es’hagh Jahangiri said that development of rail lines is put atop agenda of the government and plans…
VP inaugurates industrial, development projects in northeastern Iran
Tehran Times – Iranian First Vice President Es’haq Jahangiri inaugurated several industrial, infrastructure and development projects in Khorasan Razavi Province in northeastern…
US verdict allowing seizure of Alavi Foundation Tower overturned
IRNA – A jury verdict allowing the US government to seize a midtown Manhattan office tower that it said was effectively controlled…
Tehran IKIA’s Salaam terminal to handle more int’l flights
Financial Tribune – Imam inKhomei Airport Company will soon transfer international flights operated by six airlines from Terminal 1 to the newly-inaugurated…
Petrochemical industry not affected by sanctions: PGPIC
Tehran Times –Managing Director of Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) said U.S. sanctions haven’t had a significant impact on the…
Rationale behind Iran’s lackluster export record
Financial Tribune – Why can’t Iran turn into an exporting superpower in the Middle East? Mohammad Reza Modoudi, the caretaker of Trade…
Iran ranks 85 among countries supporting organic agriculture
MNA – The head of the Agricultural Research, Training and Promotion Center says that Iran ranks 85 among countries that support organic…
Iran: Banks help tax collection
Financial Tribune – The taxman is looking at bank accounts with high turnovers to detect cases susceptible to tax evasion, said an…
Domestic manufacturers to supply RAI with rails, wagons
Tehran Times – Head of Islamic Republic of Iran Railways (known as RAI) said domestic manufacturers are set to supply over 1000…
Tehran-Shomal freeway to be inaugurated before winter: road min.
MNA – Iranian road minister announced on Wednesday that construction of Section-1 of Tehran-North (Shomal) Freeway is to be completed by autumn…
‘Iran capable of exporting $25b of technical, engineering services’
Tehran Times – Iran has the potential and capability to export technical and engineering services worth $25 billion in a year, a…
China continued Iran oil imports in July in teeth of US sanctions: analysts
Reuters – China imported Iranian crude oil in July for the second month since a U.S. sanctions waiver ended, according to research…
Tehran-Ankara train route resumes operation
MNA – Iran and Turkey have launched the first direct train route between their capitals Tehran and Ankara after a four-year halt.…
217 water, electricity projects to come on stream by yearend
MNA – Iranian Minister of Energy Reza Ardakanian said that a number of 217 water and electricity projects will be put into…
Iran to resume building its longest cross-sea bridge
Press TV – Minister of Roads and Urban Development Mohammad Eslami says Iran plans to resume the construction of its longest cross-sea…
Big boost for South Pars infrastructure
Financial Tribune – To boost production in the giant South Pars Gas Field in the Persian Gulf, stability of the gas grid…
Steel import, export down as production, consumption rise
Financial Tribune – An estimated 2.2 million tons of finished and semi-finished steel products were exported from Iran in the first three…