350 MW to be added to Iran’s power generation capacity soon: Official
Tasnim – Three power plants with a total capacity of 350 megawatts (MW) of electricity will be added to Iran’s national grid…
Economy
Seoul urges lifting US sanctions on Iran and South Korean firms
IRNA – The South Korean Economy and Finance Minister Hong Nam-ki in a meeting with his American counterpart called for lifting US…
Roads minister elaborates rail transit priorities
MNA – Iran’s Minister of Roads and Urban Development Mohammad Eslami on Sunday elaborated his ministry’s priorities during the current Iranian year…
Gold coin tax rules outlined
Financial Tribune – Taxing gold coins should not push up prices of the yellow metal because the tax is to be levied…
Iran-Tajikistan flights resume
Financial Tribune – Direct flights between Iran and Tajikistan have resumed after Varesh Airlines flew from Iran’s holy city of Mashhad to…
Iran’s non-oil trade surplus with African states hits $40m
Iran traded 131,859 tons of non-oil commodities worth $43.52 million with the African states during the first Iranian month (March 21-April 20)…
Lawmakers approve outlines of bill to develop free trade with Eurasian nations
IRNA – Iranian lawmakers on Sunday approved outlines of a bill to develop a joint free trade zone of Iran and the…
Domestic factories to manufacture 1,000 passenger wagons: RAI head
MNA – The managing director of the Islamic Republic of Iran Railways (RAI) announced the endorsement of a 20-trillion-rial-agreement (about $151 million)…
Iran to offer modest amount of oil to local buyers for export
Radio Farda – Tehran’s energy trading exchange announced on Saturday that two million barrels of oil will be offered to “private buyers”…
Stock market index rises 27% in 2.5 months
Tehran Times – Tehran Stock Exchange (TSE)’s main index (TEDPIX) has gained 48,324 points or 27 percent during the 2.5-month period from…
Iran exported $8.5bn worth of minerals last year
MNA – Deputy Minister of Industry, Mine and Trade Jafar Sargheini said that the country exported $8.5 billion worth of mining and…
Iran’s non-oil trade with East Europe falls
Financial Tribune – Iran traded 343,389 tons of non-oil commodities worth $152.97 million with member states of the United Nations’ Eastern European…
Gas output in SPGF to increase by 60 mcm: CEO
MNA – Chief Executive of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said Sat. that gas output in South Pars Gas…
First economic forum of Caspian Sea littoral states due in August
MNA – The first economic forum of the Caspian Sea littoral states will be held on August 11-12, with representatives of the…
All SP phases, except ph. 11, to come online by Mar. 2021
MNA – Iran’s Oil Minister Bijan Namdar Zanganeh announced on Saturday that by March 2021, all phases of the South Pars gas…
Iraq doesn’t condone ‘very hurting’ US sanctions against Iran’s energy sector – Minister
Sputnik – Anastasia Dmitrieva – Iraq does not condone the US “very hurting” restrictions against Iran, “sanctions for political reasons,” Iraqi Oil…
Annual tax revenues at $8.2bn: economy min.
MNA – According to Iranian Economy Minister Farhad Dejpasand up to 1.09 quadrillion rials (above $8.2 billion) of tax revenues were earned…
No country can replace lost Iranian oil: Zanganeh
Tasnim – Iranian Oil Minister Bijan Namdar Zanganeh rejected claims that Saudi Arabia and the United Arab Emirates can replace the reduced…
PGPIC reaction to US sanctions: We will continue with calm
MNA – CEO of the Persian Gulf Petrochemical Industries Company (PGPIC), in reaction to the recent US sanctions, said the group would…
US sanctions Iran’s petrochemical sector
IRNA – The US Treasury Department imposed fresh sanctions on Iranian petrochemical sector. “The US Department of the Treasury’s Office of Foreign…
China’s Kunlun Bank launches branch in Iran
IRNA – The deputy chairman of Iran’s Chamber of Commerce, Industries, Mining and Trade announced that Kunlun Bank of China had started…
Iran’s Defense Ministry extends helping hand to carmakers
Financial Tribune – Iran’s Defense Ministry is set to share its technological capabilities with local car companies Iran Khodro (IKCO) and SAIPA…
New project to more than double oil output in Iran’s Ilam
Tasnim – The launch of a major oil project in Iran’s western province of Ilam is expected to raise the crude output…
‘Over 3,200 rooftop PV stations operational across Iran’
Tehran Times – Currently over 3,200 rooftop photovoltaic power stations (known as PV systems) are operational across Iran, the portal of Iranian…
‘Blood pressure information of 3.3 million Iranians registered’
Tehran Times – About three million and 300 thousand Iranians have registered their blood pressure information at the health ministry’s comprehensive network,…
Iran records $5.7m in non-oil trade surplus with Balkan states
Financial Tribune – Iran recorded $5.75 million in non-oil trade surplus with countries in the Balkan region during the first month of…
Iranian firm exports $1.5mn worth of nano socks to neighbors
MNA – An Iranian company alone has managed to export $1.5 million worth of nano socks to neighboring countries, such as Iraq,…
Iran cotton production expected to increase 10% this year
Financial Tribune – Cotton boll production is estimated to reach 180,000 tons in the current Iranian year (started March 21), from which…
Tabriz Machinery Co. to finalize $27mn contract with Syria
MNA – Tabriz Machinery Manufacturing Company will soon finalize a $27 million preliminary contract with Syria, the company’s CEO announced Sunday. Speaking…
Iran lawmaker blames US sanctions for shortage of medical devices
Radio Farda – Iran continues to face serious problems with the import of medicines and medical equipment as a result of sanctions…
Swiss ask US to ease aid deliveries to Iran
Swiss Info – Swiss Foreign Minister Ignazio Cassis has called on the United States to facilitate the provision of humanitarian aid to…
Iran CBI chief in Seoul to discuss economic ties
IRNA – Governor of the Central Bank of Iran Abdolnaser Hemmati is currently on a visit to Seoul, South Korea to review…
Iran’s gas production hits 7.4% growth
MNA – Statistics showed that gas production volume in the country hit a 7.4 percent hike in the last year (ended March…
Iran, Ukraine discuss more co-op between chambers of commerce
Tehran Times – In a meeting between Gholam-Hossein Shafeie, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), and…
Iran, Turkey restart direct train services
Tasnim – Iran and Turkey have finalized an agreement to restart direct train services between Tehran and Ankara and also to run…
‘Over $476m allocated to renovating 1000 wagons, locomotives in a year’
Tehran Times – The head of Islamic Republic of Iran Railways (known as RAI) announced that 20 trillion rials (about $476.1 million)…
SCI scans latest on Iran’s food, beverages inflation
Financial Tribune – The retail price of onions during the second Iranian month (ended May 21) increased by 306% compared with the…
NIOC to offer 2 mb of gas condensate at IRENEX
SHANA – The National Iranian Oil Company (NIOC) has planned to sell 2 million barrels of gas condensate on the Iran Energy…
Trump’s sanctions hit Opec oil output despite Saudi boost — survey
Gulf News – Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower…
Despite US sanctions, Iran goods pervade Iraq market
Middle East Monitor – Despite US sanctions imposed on Iran, and Iraq declaring its commitment to these sanctions, Iranian goods are still…