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…
Economy
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…
Turkey to open Iran, Iraq border gates this week to boost trade
Reuters – Turkey will open its Gurbulak border gate with Iran and the Habur border gate with Iraq this week in order…
US sanctions reach brink of crime against humanity: Iran’s UN envoy
Tasnim – Iran’s ambassador to the United Nations said Washington’s move to keep up sanctions against various countries amid the coronavirus pandemic…
Decline in oldest Iranian tobacco company’s output
Financial Tribune – Misguided policies related to the tobacco industry, restrictive regulations and lack of thoughtful plans have led to a decline…
Iran’s non-oil exports to Iraq via Khorramshahr port reach $30m
Financial Tribune – Some $30 million worth of non-oil goods have been exported to Iraq via Iran’s Khorramshahr Port since the beginning…
Iran’s foreign non-oil trade at $9.3 billion in 2 months
Financial Tribune – When compared with the corresponding period of last year (March 21-May 21, 2019), exports registered a 52% and 49%…
Slight surge in Tehran stocks amid cautious mood
Financial Tribune – The main gauge of Tehran Stock Exchange climbed more than 1.8% on Monday adding 17,708 points to stand at…
As Iran’s exports drop, pressure rises on its currency reserves
Radio Farda – The Islamic Republic customs data for the first two months of the new Iranian calendar year (beginning March 20,…
CBI chief says Iran’s forex reserves are satisfactory
IRNA – Central Bank of Iran (CBI) Governor Abdolnasser Hemmati said on Tuesday that the CBI forex reserves are satisfactory and at…
US has taken hostage health of 83 million Iranians: Rouhani
MNA – Iranian President Hassan Rouhani condemned the unjust sanctions imposed by the United States against Iran which is affecting the civilians.…
Tehran stock trade mixed
Financial Tribune – Tehran’s stock market went through two different trading versions on Sunday, with the benchmark of Tehran Stock Exchange rising…