Iran to increase overflight fee discounts to 50%
MNA – Iran’s Ministry of Road and Urban Development has submitted a proposal to the government’s economic commission to increase the discount…
Economy
Huawei CFO’s lawyers say she is falsely accused by US
The Wall Street Journal | Jacquie McNish: Lawyers for Huawei Technologies Co. finance chief Meng Wanzhou told a Canadian court that the…
Shares advance on high forex hopes
Financial Tribune – After a one-day hiatus, Tehran stocks resumed bullish trend on Monday climbing 1.24% with small cap stocks at the…
Substantial rise in red meat output
Financial Tribune – A total of 30,900 tons of red meat were produced in Iran during the month ending May 20 to…
Iran’s Rouhani warns other countries against following US arms sanctions
Al-Monitor – Iran has warned other countries of the United Nations Security Council to not go along with US plans to continue…
Central Bank of Iran revisits supply of money
Financial Tribune – The Central Bank of Iran said in a report that broad money supply reached 24,721.5 trillion rials ($137 billion)…
Iranian oil shipments to China rebranded in Malaysia to circumvent sanctions
Radio Farda – Like its Latin American ally, Venezuela, Iran appears to be rebranding its crude oil destined for China in Malaysia…
Defying Trump, Iran aims to keep offloading gasoline glut to Venezuela
Reuters | Bozorgmehr Sharafedin: Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping…
Iran resolved to unblock its frozen assets: Rouhani
MNA – President Hassan Rouhani said on Tuesday that the Iranian government is determined to released the country’s frozen assets held abroad.…
Iran experiences positive economic growth without oil: President
Tasnim – Iranian President Hassan Rouhani said the country has achieved a positive economic growth without reliance on petrodollars and despite being…
Iran’s trade with Armenia tops $100m in January-April
Financial Tribune – Iran’s commercial exchanges with Armenia stood at $101.06 million during January-April to register a 0.37% decline compared to the…
Tax abusers on notice
Financial Tribune – To fight rampant tax evasion and fraud, the Iranian National Tax Administration will henceforth focus on the minority taxpayers…
Variations in export, import price indices reviewed for Q4
Financial Tribune – The average annual EPI inflation in the fourth quarter of last Iranian year (Dec. 22, 2019-March 19) was at…
Tehran stocks drift up and down
Financial Tribune – The main gauge of Tehran Stock Exchange, TEDPIX, shed 4,481 points on Sunday and dipped 0.38% to end trading…
Central Bank of Iran cuts interest rates to stem inflation
IRNA – Iran’s Central Bank said on Monday that cutting interest rates aims to channel liquidity to the manufacturing sector and stem…
Iran Agro output expected to hit 128m tons by March 2021
Financial Tribune – Iran’s agricultural output is expected to reach 128 million tons by the end of the current fiscal year (March…
Iran calls on IMF to defy US, grant it $5b loan
Tehran Times – Iranian President Hassan Rouhani has called on the International Monetary Fund (IMF) to defy U.S. resistance and grant the…
Turkey renews opposition to US sanctions on Iran
AP — Turkey on Monday reiterated its opposition to U.S. sanctions on neighboring Iran, saying the coronavirus pandemic has shown that the…
S. Korea has no right to block Iran’s money: Spokesman
Tasnim – Iran’s Foreign Ministry spokesperson denounced South Korea’s “blind” obedience to the US, saying Seoul has no right to freeze Iranian…
Iran’s 5 countermeasures to extension of arms embargo
MNA | Mohsen Ahadi: Iran has five options on the table in response to US efforts to extend arms embargo on Tehran,…
Sustainable production at Kimia Pars Middle East Petchem plant
SHANA — The CEO of Petrofarhang Petrochemical Holding Company said: “Kimia Pars Middle East Petrochemical Complex, with continuous and sustainable production, will…
Trade via Nima takes a big hit
Financial Tribune – Foreign exchange trade in the secondary market, known as Nima, declined significantly in three months since the beginning of…
Iran’s coronavirus fight collides with US sanctions
Bloomberg | Marc Champion and Golnar Motevalli: Iran was among the earliest countries to suffer a major Covid-19 outbreak, and now is…
Tehran stocks main index finishes 3% higher
Financial Tribune – Tehran stocks opened trading week Saturday on a strong note as demand remained high for a range of large…
Manufacturing gives Iran a lifeline
Bloomberg | Esfandyar Batmanghelidj: Earlier this month, Mohammad Bagher Nobakht, the official responsible for planning Iran’s state budgets, told parliament he planned “to…
Rail transport of essential goods from Imam Khomeini port doubles
Financial Tribune – A total of 359,683 tons of essential goods were transported via railroad from the southern Imam Khomeini Port to…
SCI: Economy contracts by 7%
Financial Tribune – The Iranian economy experienced a 7% contraction in the fiscal 2019-20, the Statistical Center of Iran said in its…
Iran rejects reports about suspension of trade ties with UAE
Press TV – An Iranian businessman with a key role in trade between the country and the United Arab Emirates has dismissed…
Iran housing market shifting away from capital
Financial Tribune – Many of the people seeking to buy a home but can’t afford it in Tehran opt for one in…
Forex at 20-month high in Tehran market
financial Tribune – Major currencies on Thursday hit the highest rates since September 2018 with the dollar traded at 180,000 rials in…
Rouhani urges CBI chief to take necessary actions to push S Korea release assets
MNA – Iranian President Hassan Rouhani has called on Governor of the Central Bank of Iran Abdolnaser Hemmati to push South Korea…
Unemployment claims near 841,000 in 3 months
Financial Tribune – A total of 840,944 people have filed for unemployment benefits by June 8th, of whom 703,430 were found eligible,…
Iran, Iraq to build 354km highway to boost trade, ease pilgrimage trips
Tasnim – Iran and Iraq have reached an initial deal to build a long highway that would ease traffic across the border…
$2 Billion aid package to bolster automotive industry
Financial Tribune – The financial help is to be provided by the Central Bank of Iran, the state-backed Iranian Mines and Mining…
Share market races 3% higher
Financial Tribune – Tehran Stock Exchange closed Wednesday’s session 3.18% higher, with its main gauge, TEDPIX, gaining 35,561 points to close trading…
MRC calls for higher public float of stocks
Financial Tribune – With stock market indicators heading upward at a regular pace and fresh money pouring in the bourse from an…
Iran economy to return to positive growth zone in 2021: WB report
Press TV – A new report by the World Bank Group has projected that Iran would be able to restore its positive…
US sanctions unable to halt Iran’s progress: Rouhani
Tasnim – Iranian President Hassan Rouhani said the US sanctions on the country have failed to prevent the Islamic Republic from making…
Economy ministry proposes abolition of agricultural tax exemption
Financial Tribune – The Ministry of Economy has proposed the abolition of the agriculture sector’s tax exemption as part of its comprehensive…
Health, treatment inflation at 24.8%
Financial Tribune – The average Consumer Price Index of “health and treatment” group in the 12-month period ending May 20, which marks…