New duties on date exports lifted
Financial Tribune – The new duties imposed on date exports have been lifted following strong protests over the restrictive move by Iran…
Economy
Iran auto production slides
Financial Tribune – Since June 2018, Iran’s auto production has been plummeting. Data released by the Industries Ministry show that the decline…
‘Iran to initiate new economic transactions despite US will’
Tehran Times – Iran is to kick off new economic transactions with other countries despite the will of the U.S. that wants…
Oil prices jump following suspected attacks on two oil tankers in Sea of Oman
Press TV – Crude oil futures have jumped on Thursday following reports of explosions targeting two oil tankers in the Sea of…
‘Iran-Japan Joint Chamber of Commerce to be set up soon’
Tehran Times – Iran-Japan Joint Chamber of Commerce will be opened in Tehran in near future, Iran Chamber of Commerce, Industries, Mines…
Iran becomes self-sufficient in supplying hospital disinfectants
MNA – Iranian producers have become self-sufficient in manufacturing hospital equipment to control infection, a senior official at the Association of Manufacturers…
Iran exports $500,000 worth combine
IRNA – Head of Iran Combine Manufacturing Company Ali Asghar Hamidifar said on Wednesday that Iran exported dlrs 500,000 worth combine to…
Iran blocks 1,300 overseas POS terminals
Financial Tribune – More than 1,300 point of sale terminals operating outside Iran have been blocked after the Central Bank of Iran…
Iran inks MOU with Iraqi Kurdistan to boost bilateral trade
Tehran Times – Iranian Secretariat of Free Zones High Council signed a memorandum of understanding with Importer and Exporter Union of Iraqi…
Spring tea harvest: Iran gov’t buys over 50k tons of green leaves
Financial Tribune – A total of 50,309 tons of green tea leaves produced during the spring harvest have been purchased by the…
Iran eyes 15 mt/y petchem output in PEIISEZ
MNA – Iran is building 14 petrochemical projects in Phase I of Parsian Energy Intensive Industrial Special Economic Zone (PEIISEZ) which will…
Iran scrambles to lift petrochemical sales as sanctions hammer oil
Reuters | Jonathan Saul, Parisa Hafezi, Marcelo Teixeira: Iran has been racing to step up exports of petrochemicals and tap new markets to compensate…
Iran, China resolved to enforce past agreements
Tasnim – Iranian Foreign Minister Mohammad Javad Zarif and China’s new ambassador to Tehran weighed plans to carry out the agreements signed…
Joint innovation fund to be established to ease Iran-China: NIF chief
MNA – Managing Director of Iran National Innovation Fund (NIF) announced on Tuesday that a joint innovation fund will be established to…
Gigantic offshore platform being shipped to Iran’s southern gas field
Tasnim – The third platform of Phase 14 of Iran’s South Pars gas field, which has been built by domestic experts, was…
Iranian currency dealers to be briefed on regulated forex market
Financial Tribune – The Association of Bureaux de Change Operators of Iran will hold a briefing on Wednesday for members of the…
Iran government removes ban on auto presales
Financial Tribune – While complaints against local automotive companies over delayed deliveries have piled up at the judiciary, the government has given…
NPC, IMIDRO agree to accelerate petchem projects in southern Iran
MNA – The National Petrochemical Company (NPC) and the Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO), have reached an…
Handicrafts exports up 3%, hit $289 million
Tehran Times – Iran’s handicrafts exports reached $289 million in the past Iranian calendar year 1397 (ended March 20), showing three percent…
Flood-hit areas in Iran exempt from gas bills
Financial Tribune – Oil Minister Bijan Namdar Zanganeh said the government has exempted households and industrial gas subscribers in flood-hit areas from…
US weighs more Iran sanctions over potential trade with Europe
Bloomberg | Nick Wadhams: The Trump administration is weighing sanctions against the Iranian financial body set up as a go-between for humanitarian…
India eyes better deal with US in energy sector with Iranian oil in sight
Sputnik – In10 days, the Indian government held three internal meetings to figure out ways to resume importing Iranian crude oil. A…
Sanctions not to prevent country from development, progress
MNA – Vice President and Head of Plan and Budget Organization Mohammad-Bagher Nobakht said that sanctions do not prevent country from progressing.…
Petchem sanctions, political theatrics: CEO
MNA – The CEO of the National Petrochemical Company (NPC) said imposition of sanctions by the US on Iran’s petrochemical sector was…
Iran plans deep cut in reliance on oil incomes
Tasnim – Iranian Vice President Mohammad Baqer Nobakht said a new scheme to reduce the country’s reliance on oil revenues is expected…
Iran, Afghanistan ink nuclear cooperation deal
Tasnim – Iran and Afghanistan signed an agreement to promote cooperation in the nuclear energy industry. In a meeting in Tehran, Head…
Iran’s energy minister: We had 40 years to quit oil dependency
MENFAN – We had 40 years to get rid of the oil dependency, but we didn’t, Iran’s Energy Minister Reza Ardakanian told…
How to manage country without oil: Parl. Research Center
MNA – In its recent report, the Research Center of the Iranian Parliament has discussed ways to reach a non-oil economy, the…
Ditching USD, Iran’s aim in doing trade with Caspian Sea littoral states: chairman
MNA – Chairman of Iran-Russia Joint Chamber of Commerce Hadi Tizhoush Taban said that ditching US dollar is the main objective of…
Iranian cryptocurrency miners need to pay real electricity prices
Financial Tribune – Electricity bills for cryptocurrency miners should be calculated in real prices, a deputy energy minister said in Tehran at…
Iran to set up new petrochemical hub in coastal region
Tasnim – The National Petrochemical Company of Iran finalized a plan on Monday to construct the country’s third petrochemical hub across a…
Iran industrial investment’s growth prospects bright
Financial Tribune – Investments worth 2.87 quadrillion rials ($21.83 billion) are expected to be made in industrial units for which establishment permits…
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…
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)…