Iran calls for modifying Iranian banks guarantee with India Export Development Fund
IRNA – Iranian Economy Ministry suggested modifying the guarantee of the LC agreement between Iran banking system and India Export Development Fund.…
Economy
Iran produces 9.2m tons of steel ingot over past five months
IRNA – Iran produced some 9.2 million tons of steel ingot over the past five months of the current Iranian year (started…
25th Iran Oil Show to be held in October
SHANA — The 25th International Exhibition of Oil, Gas, Refining and Petrochemicals will be held from October 12 to 15. According to…
Iran taps its sovereign wealth fund to calm stock market jitters
Bloomberg – Iran will set aside 1% of its sovereign wealth fund to stabilize the country’s stock market after its main index…
Namaki urges for global call to end US illegal sanctions
MNA – In a letter to Director-General of the World Health Organization (WHO), Iranian Minister of Health Saeed Namaki called for a…
Iran to overcome US sanctions via ‘Club of Sanctioned’ : MP
MNA – An Iranian parliament member said that the first and foremost result of forming a club of sanctioned is that it…
Minister: Iran’s gas exports doubled in seven years
IRNA – Iranian Minister of Petroleum Bijan Zangeneh announced on Monday that Iranian gas export has doubled over the past seven years…
Forex, gold move higher in Tehran
Financial Tribune – After a brief halt on Thursday, forex rates resumed rally at the start of the trading week on Saturday…
India’s 8th wheat cargo to Afghanistan arrives in Chabahar
MNA – India’s eighth consignment of donated wheat to Afghanistan has arrived at Chabahar’s habaharPort, according to the director-general of Sistan and…
TCCIMA to hold online Iran-Russia business forum in late-Sep.
Tehran Times- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) is going to hold an Iran-Russia business forum via video conference…
500 fuel vessels take berth in Shahid Rajaee port in 5 months
MNA – The director general of Hormozgan Ports and Maritime Organization said that a number of 500 fuel vessels took berth in…
Tehran stocks fall 2.5%
Financial Tribune – The main index of Tehran Stock Exchange, TEDPIX, fell 2.51% on Tuesday, shedding 43,294 points and retreating to 1,684,741…
Dollar rallies above 240,000 rials
Financial Tribune – Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in…
New UN council president stands by dismissal of US sanctions move on Iran
Reuters – Niger, the U.N. Security Council president for September, said on Tuesday it stands by a declaration that no further action…
Phase 1 of Jask oil terminal ready for operation
SHANA — The head of Jask Oil Terminal Project said the first phase of the terminal would be launched by the end…
5-month output of Noori petchem plant 10% Up Y/Y
SHANA — The CEO of Noori Petrochemical Company said the plant’s output saw a 10% increase in the first 5 months of…
Sanction, pressure policy on Iranians fails: Gov’t spox
IRNA – Government spokesman Ali Rabiee said on Tuesday that Iranians are confident that the policy of sanctions and pressure on them…
Govt. vows to propel economic plans despite obstacles
MNA – President Hassan Rouhani said his government will exert every effort to propel the country’s development plans despite the challenges posed…
Official says 88% of Iranian cross-border customs offices are open
IRNA – Some 88% of Iranian cross-border customs offices are currently open for trade and passengers movements, an official with Trade Promotion…
Rich-poor inflation gap at 5.4%
Financial Tribune – The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 5.4% in…
2.5-fold rise in South Pars gas output since 2013
SHANA — The CEO of South Pars Gas Complex announced a 2.5-fold increase in gas production in the gas complex since March…
‘Club of Sanctioned’ to force US lift cruel sanctions: MP
MNA – An Iranian Parliament member stressed, “The unity of the sanctioned countries in the framework of the Club of Sanctioned will…
Iran says to fight US suit to seize $1.7 billion held by Deutsche Boerse unit
Reuters – Iran’s central bank said on Saturday it was taking legal steps to counter a lawsuit filed in a U.S. court…
US’ desperate bid to intensify sanctions fails to upset Iran’s market: CBI chief
Tasnim – The Governor of the Central Bank of Iran highlighted his CBI’s extensive plans to deal with the illegal and unilateral…
Iranian border trade with neighboring states via 30 customs offices
IRNA – Iranian Minister of Roads and Urban Development Mohammad Eslami said on Thursday that Iranian border trade with neighboring states is…
President: Admin pushing for economic boom in Iran
Tasnim – Iranian President Hassan Rouhani highlighted his administration’s efforts to deal with the economic consequences of the US sanctions and the…
Iran warns US against bid to restore UN sanctions
Tasnim – The UN Security Council president’s statement that the US’ push to restore the UN sanctions on Iran is null and…
Iran crawling out of coronavirus-led recession: CBI gov.
MNA – The governor of the Central Bank of Iran announced on Tuesday that the country’s economy is incrementally stepping out of…
Iran’s Ayat. Khamenei calls for making economy independent
Al-Monitor – Iran’s Supreme Leader Ayatollah Ali Khamenei spoke about the need for an economy that is not dependent on other countries.…
Power generation capacity to increase 20,000MW by Mar.
MNA – Iranian President Hassan Rouhani announced on Tuesday that the power generation capacity of the country will be increased by 20,000…
World leaders impressed by Iran’s handling of COVID-19, economy: President
Tasnim – Iranian President Hassan Rouhani highlighted his administration’s success in containing the coronavirus pandemic and handle the economy at the same…
US has no legal right to push so-called snapback mechanism
MNA – Chairman of the Iranian Parliament’s National Security and Foreign Policy Commission dismissed any legal right for the US to push…
Iran’s inflation at 25.8%
Financial Tribune – The average goods and services Consumer Price Index in the 12-month period ending Aug. 21, which marks the end…
Iran able to export gas to eastern countries
MNA – President Hassan Rouhani pointed to the ability of Iran to export gas to countries situated on the eastern side of…
Rouhani inaugurates important oil, gas projects
MNA – Iranian President Hassan Rouhani inaugurated three major oil, gas and petrochemical projects via videoconference on Monday. Phase I of Bushehr…
COVID-19 shrinks Iran’s economy by only 3%: President
Tasnim – Iranian President Hassan Rouhani said while the novel coronavirus pandemic has slashed major economies in the world by up to…
Iran dismisses claim on renewal of UNSC sanction at US’ request
Tasnim – Iran’s Foreign Ministry spokesperson rejected the notion raised by some foreign media that a request from Washington has reinstated the…
Agrifood exports up 6% YOY to $1.7 billion in four months
Financial Tribune – Iran exported 2.54 million tons of agricultural and food products worth $1.73 billion during the first four months of…
US imposes Iran-related sanctions on UAE-based companies
Reuters – The United States on Wednesday imposed sanctions on two United Arab Emirates-based companies, the U.S. Treasury Department said, accusing them…
Iran’s Zanganeh says oil market still fragile – TV
Reuters – The oil market has not yet stabilised, Iranian Oil Minister Bijan Zanganeh told state TV on Wednesday, but added that…