US sets plan to expand sanctions on tankers, in bid to pressure Venezuela
The Wall Street Journal | Ian Talley & Bradley Hope: The Trump administration, expanding an effort to choke off oil and fuel…
Economy
Tehran stocks near flatline
Financial Tribune – After rising more than 1% at the opening of trade, Tehran stocks closed Tuesday’s session near a flatline as…
Deputy minister: Iran able to manufacture Boeing, Airbus planes parts
FNA – Head of Iran Civil Aviation Organization (CAO) and Deputy Road Minister Ali Abedzadeh announced that the country is able to…
50% of residents in major cities live in rented homes
Financial Tribune – Close to 50% of the population in Iranian metropolises are living in rented homes, a deputy roads and urban…
Iran pushes South Korea to release trapped billions: Q&A
Bloomberg | Golnar Motevalli: The head of Iran’s central bank, Abdolnaser Hemmati, provided written answers to questions from Bloomberg about the Islamic…
US attempts to revive Iranian sanctions can put UN Security Council in crisis — diplomat
TASS – “I think it’s outrageous that the US administration now tries to freely pick and choose what serves its interests in…
Iran to take legal action if S Korean banks fail to release funds: CBI chief
Tasnim – Governor of the Central Bank of Iran called on South Korean banks to release Iran’s oil money frozen under US…
Russia, China build case at UN to protect Iran from US sanctions threat
Reuters – Russia and China have started making the case at the United Nations against Washington’s claim that it can trigger a…
SP11 development gets under way
SHANA — The load-out of Platform 11B’s jacket in the massive offshore South Pars gas field started on April 30 for final…
60% decline in Iran’s exports of heavyweight steel mills
Financial Tribune – Ingots topped the list of exports, as heavyweight steel producers exported 291,429 tons of semi-finished product during the period,…
Iran gas sector braces for fast development
SHANA — Iran’s gas industry development has over the past six years seen daily growing development with the focus having been on…
Construction permits in slum areas given free of charge
Financial Tribune – As per a memorandum of understanding recently signed between Iranian Municipalities Organization and Urban Regeneration Corporate Holding Company, affiliated…
Covid-19 saddles Tehran metro with losses worth $11 million
Financial Tribune – The outbreak of Covid-19 in Iran since mid-February has saddled Tehran Metro Company with a massive loss of 2…
Tehran stocks extend 4-session winning streak
Financial Tribune – Tehran stocks experienced one of its best days on Sunday climbing more than 4.4% as sentiments were boosted by…
Upsurge in housing PMI shows signs of recovery
Financial Tribune – The overall PMI settled at 60.55 from 18.78 in the first Iranian month, indicating a 222.93% increase month-on-month The…
Intel: US sanctions Iran shipping line after humanitarian deferral ends
Al-Monitor | Bryant Harris: The Donald Trump administration sanctioned an Iranian shipping line and its Chinese subsidiary today after a six-month humanitarian…
Iran to receive new planes: Official
Tasnim – Head of the Civil Aviation Organization of Iran said the country is going to get new passenger planes in the…
US sanctions imposed on Iranian shipping network over proliferation take effect
Reuters – U.S. sanctions imposed on Iran’s shipping network took effect on Monday, months after they were announced in December following accusations…
Surge in production, key to resolve problems for entering new century: Pres. Rouhani
MNA – Iranian President Hassan Rouhani pointed to the current year’s motto entitled ‘surge in production’ and added, “surge in production is…
43% decline in trade with US
Financial Tribune – Iran’s commercial exchanges with the US stood at $17.2 million during January-April to register a 43.97% decline compared to…
Justice shares, divestures saved the day
Financial Tribune – The government’s decision to offer its stakes in several companies in the stock market and allow the so-called ‘Justice…
Tehran stocks extend 4-session winning streak
Financial Tribune – Tehran stocks experienced one of its best days on Sunday climbing more than 4.4% as sentiments were boosted by…
Mining investments rise 60% to $3.2b
Financial Tribune – About $3.2 billion were invested in Iran’s mining and mineral industries during the last fiscal year (ended March 19,…
Utilities inflation at 23%
Financial Tribune – The average Consumer Price Index utilities (water, electricity, natural gas, etc.) in the 12-month period ending May 20 increased…
Covid-19 lockdown costs for businesses at $1.4b monthly
Financial Tribune – Iran Chamber of Guilds has identified and introduced 57 groups of businesses to the government to receive coronavirus bailout,…
OPEC partners agree to extend 9.6 mb/d output cut
SHANA — Non-OPEC ministers gave the nod to OPEC’s earlier proposal for extending for another one month the previously reached agreement on…
Iran foreign trade stood at $ 85 billion last year
IRNA – Iran’s foreign trade stood at $ 85 billion over the past Iranian year, a best response of the country’s ill-wishers,…
Rice import tariff down 10%
Financial Tribune – As per the decision of Market Regulation Headquarters on June 4, customs duties on rice imports have decreased from…
Huawei founder Ren Zhengfei takes off the gloves in fight against US
The Wall Street Journal | Dan Strumpf: Internal communications show how Chinese telecom giant pivoted to counter Washington’s charges with lawsuits, reorganization;…
Gold coin edges lower
Financial Tribune – The price of Emami gold coin fell by 2.2% on Saturday in Tehran after posting a near permanent increase…
Tehran stocks gain ground
Financial Tribune – The benchmark of Tehran Stock Exchange moved to new highs at the start of trading week on Saturday amid…
Zangeneh: Oil price balance tied to global economic recovery
SHANA — Iran’s Minister of Petroleum Bijan Zangeneh said on Saturday that balance would be back to the oil market once the…
Iran: OPEC to keep cutting output if non-OPEC agrees
SHANA — Iran’s Minister of Petroleum Bijan Zangeneh said OPEC ministers agreed on Saturday to continue cutting 9.7 mb/d from their output…
Changes in Iran’s CB forex market policy
Financial Tribune – Governor of the Central Bank of Iran says the bank has put an end to the unreasonable practice of…
Iran sanctions case being dropped by US despite conviction
Bloomberg | Chris Dolmetsch: In a rare move, federal prosecutors are seeking to withdraw a criminal case against an Iranian banker who…
Post-revolution track record of Iranian agriculture sector
Financial Tribune – Iran’s agricultural production has grown from 20 million tons to more than 119 million tons over the period under…
Tehran share market offers an opportunity to foreign investors
Financial Tribune – The remarkable performance of Iran’s share market in recent months can attract foreign investors, the deputy foreign minister for…
OPEC ministers meet to decide supply cut
SHANA — OPEC ministers on Saturday came together on videoconference to discuss what policy to adopt on oil production in coming months…
Unblocking Iran’s resources in foreign banks must be seriously pursued: Rouhani
MNA – Iranian President Hassan Rouhani appreciated the efforts by the Central Bank of Iran for unblocking Iran’s resources in foreign banks…
President Rouhani inaugurates nine projects
IRNA – President Hassan Rouhani inaugurated nine infrastructure projects of water and electricity in Bushehr Province, southern Iran, and one project in…