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…
Economy
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…
Iran slams US efforts to reimpose arms embargo, UN sanctions
Al-Monitor – The remarks from the Iranian ambassador to the UN follow a US proposal to the UN to extend an arms…
Iran says it sold petrol to Venezuela at current price
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said the country had sold petrol to Venezuela at current prices. “We sold petrol…
CBI chief dismisses IMF’s forecast of Iran’s economy
FNA – Governor of the Central Bank of Iran Abdolnasser Hemmati categorically dismissed a recent forecast by the International Monetary Fund (IMF)…
President Rouhani: Iran’s oil industry not to be halted by sanctions
IRNA – Iranian President Hassan Rouhani announced that the US unilateral sanctions have failed to bring Iran’s energy projects to a halt.…
US imposes sanctions on companies operating in Iran’s metals sector
Reuters – The United States on Thursday blacklisted four companies in Iran’s metals sector, as well as one German and three Emirati…
SCI: Inflation gap among income deciles reaches 4.2%
Financial Tribune – The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 4.2% in…
Middle East’s largest gas refinery to open in August in Khuzestan
Financial Tribune – Persian Gulf Bid Boland Gas Refinery in Khuzestan Province will be operational in August, the managing director said. “The…
Iran auto output rises in Q1
Financial Tribune – Iran’s automotive output increased by 9.4% during the first three months of the current Iranian year (March 20-June 20)…
Iran self-sufficient in Hexane production
SHANA – Iran has launched the normal hexane unit of Imam Khomeini (Shazand) Refinery which renders the country needless of importing the…
Iran’s steel production increases by 11% to 11.4 million tons
Financial Tribune – Iranian steel mills produced a total of 11.44 million tons of crude steel during January-May, which indicate an 11.1%…
Dollar dips 4% in Tehran
Financial Tribune – The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped…
Iran petrochemical income to reach $25b by end of Govt term
IRNA – Petrochemical income will reach dlrs 25 billion by the end of term of the incumbent Government thanks to implementation of…
US puts sanctions on five Iranian ship captains for bringing oil to Venezuela
Reuters – The United States on Wednesday imposed sanctions on five Iranian ship captains who delivered oil to Venezuela, and Secretary of…
Tehran stocks surge 3.6%
Financial Tribune – Tehran stocks made one of the biggest advances on Tuesday, rising almost 50,000 points as demand for most commodity…
Rial bashing continues
Financial Tribune – Iranian rial hit new lows against major currencies on Tuesday with the US dollar breaking above the psychological 200,000…
Iran Pres says CBI capable of harnessing forex fluctuations
IRNA – Iranian President Hassan Rouhani announced on Wednesday that the Central Bank of Iran (CBI) is capable of getting fluctuations in…
Consumer inflation at 27.8%
Financial Tribune – The overall CPI (using the Iranian year to March 2017 as the base year) stood at 214.2 for the…
3 new butane chain items to be produced in Mahshahr
SHANA — The first project in the butane chain in Mahshahr will be ready for operation with the aim of commercial production…
Iran’s Rouhani says national currency’s fall is temporary: TV
Reuters – A further slump in Iran’s rial is “temporary”, Iranian President Hassan Rouhani said on Tuesday after the currency sank to…
Iraq to clear debt arrears to Iran through payments for goods: Businessman
Press TV – Iran and Iraq have set up a new mechanism to settle debts owed by the Arab country over imports…