Iran to launch medical-grade PVC plant by 2020
SHANA — The CEO of the National Petrochemical Company (NPC) said that Hegmataneh Petrochemical Plant, a producer of medical-grade PVC, would come…
Economy
CBI continues its work through ‘unsanctionable’ networks: Hemmati
MNA – Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said that the body continues its work despite the US’s sanctions…
South Korea urged to act on stalled pharmaceutical exports to Iran
Press TV – Iranian businesses and lawmakers are complaining that the South Korean government has not done enough to ensure that exports…
Iran, Germany to cooperate on seed production
Tasnim – Central Organization for Rural Cooperatives of Iran (CORC) has started new cooperation with a German agricultural company to import and…
CBI chief: Less than 1/3 exports related to oil
IRNA – Governor of the Central bank of Iran (CBI) Abdolnasser Hemmati said less than 1/3 exports is related to oil. Oil…
UAE has released $700mn of Iran’s frozen assets: MP
MNA – An Iranian lawmaker said that the United Arab Emirates is trying to revise its relations with Iran and has released…
Efforts to block Iran’s oil industry failed, Zanganeh says
Tasnim – Iranian Oil Minister Bijan Namdar Zanganeh highlighted the ineffectiveness of US sanctions against the Islamic Republic’s oil sector and said…
Turkey says nothing will come of Halkbank case if law in US works
Reuters – Nothing will come of a case against Turkey’s state-owned lender Halkbank “if the law in the United States works”, Turkish…
Iran envoy: Trust in Int’l treaties eroded by re-imposition of US sanctions
Tasnim – Iran’s ambassador to the Netherlands said the US president’s personal decision to re-impose sanctions against the Islamic Republic after withdrawal…
FATF extends suspension of anti-Iran measures until February
Tasnim – The Paris-based Financial Action Task Force (FATF) gave Iran a final deadline of February 2020 to tighten its rules against…
Iran plans to spend €300mn to build 200 large cargo ships: Minister
Press TV – Iran’s minister of industries and trade says the country will spend nearly 300 million euros to build 200 large…
Top official says Iran continues to sell oil and ‘The Enemy Does Not Know How’
Radio Farda – President Hassan Rouhani’s chief of staff has said October 17 that Iran is still able to sell its oil…
3 signs the ‘maximum pressure’ campaign against Iran isn’t working
RT | Darius Shahtahmasebi: The US’ so-called “maximum pressure” campaign targeting Tehran is certainly having a lasting effect on the people of…
Iran H1 steel output rises to 23m tons
Financial Tribune – Semi-finished steel made up 13.08 million tons of the total output, up 6% year-on-year, while finished steel production increased…
Iran energy exchange deals top $500 million
Financial Tribune – Trading in different energy carriers at Iran Energy Exchange has generated foreign currency income worth $519 million for the…
Burned by Trump, Iranians report negative views of the United States
Bourse and Bazaar | Esfandyar Batmanghelidj: Three new waves of nationally-representative surveys conducted by the University of Maryland over the past six…
Importers buy forex worth €7.8b at Iran’s secondary forex market
Financial Tribune – The total value of foreign currencies sold by exporters of non-oil goods at Iran’s secondary market amounted to €9.2…
Iran’s top stock market performers announced
Financial Tribune – In a report examining the performance of businesses operating in the stock market, the Central Securities Depositary of Iran…
Annual premium income in Iran insurance sector to exceed $5.2bn till March
Press TV – Head of Iran’s regulatory body for the insurance sector says total premiums collected by insurers in the country would…
Iran fines food delivery company over breach of competition law
Press TV – Iran’s antitrust regulator has forced a major online food delivery company to pay fines over its breach of competition…
US extends Iraq sanctions waiver for Iranian gas, power imports
S&P Global – The US has granted Iraq another 120-day waiver that will allow it to continue to import Iranian electricity and…
COSCO Dalian supertanker wins temporary U.S. sanction waivers to unload oil
Reuters – A supertanker owned by COSCO Shipping Tankers (Dalian) has received a temporary waiver from U.S. sanctions that has allowed the…
TEDPIX extends losing streak
Financial Tribune – Almost all of the symbol tickers of listed companies in Tehran Stock Exchange were in the red on Tuesday…
GC rejects bill on forming Commerce Ministry
Financial Tribune – The Guardians Council–a watchdog body that ensures laws are in line with the Iranian Constitution and the Islamic law–has…
Iran faces challenges in privatization plans
Al-Monitor | Bijan Khajehpour: One of the impacts of the current US sanctions on Iran is the loss of income as a…
Iran, EEU announce trade tariffs
Financial Tribune – The average tariff set by the Eurasian Economic Union on Iranian goods as part of a preferential trade agreement…
Iran raises $700mn through local bourse for oil project financing
Press TV – Head of the National Iranian Oil Company (NIOC) says more than $700 million has been raised to finance oil…
Rouhani calls US sanctions on Iran ‘crime against humanity’
Al-Monitor – Iranian President Hassan Rouhani has once again slammed the United States for abandoning the 2015 Iran nuclear deal, a departure…
Subsidy helps India traders sell sugar to Iran – sources
Reuters – Indian mills are aggressively selling old season sugar to Iran after New Delhi announced a subsidy to help cash-strapped mills…
US prosecutors accuse Turkey’s Halkbank of scheme to evade Iran sanctions
Reuters – U.S. prosecutors on Tuesday charged Turkey’s majority state-owned Halkbank (HALKB.IS) with taking part in a multibillion-dollar scheme to evade U.S.…
US ‘deeply concerned’ about untrackable China ships carrying Iran oil: officials
Reuters – The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in…
Iran: Privatization reforms on agenda
Financial Tribune – Economy Minister Farhad Dejpasand says considerable changes are in the making to reform the procedures of future privatization programs…
Iran says renewable power capacity will top 4,000 MW in mid-2021
Press TV – Iran energy officials say the capacity for electricity production from renewable sources would increase by five times to reach…
Automakers, tech firms sign deals to curb foreign reliance
Financial Tribune – To curb the Iranian auto industries’ reliance on imports, car manufacturers have forged several deals with local tech firms…
Tehran stocks tumble amid selloff rush
Financial Tribune – After a two-day bull market, Tehran stocks took a drubbing on Monday, shedding more than 6,000 points to close…
IMF sharply cuts Iran, Saudi growth forecasts
AFP – The International Monetary Fund on Tuesday sharply downgraded growth projections for Saudi Arabia and Iran, the two largest Mideast economies,…
S. Korea halts pharmaceutical exports to Iran
MNA – South Korea has stopped its exports of medicine and related products to Iran, an official from Medical Equipment Department of…
South Korea’s US crude imports jump in September; no imports from Iran
Reuters – South Korea’s crude oil imports from the United States more than doubled in September, while its imports of Iranian oil…
EU sees spike in Afghan migrants as many leave sanctions-stricken Iran
Reuters – More Afghans than Syrians have migrated to the European Union so far this year, official data shows, making them the…
Iran ready to restart talks if US sanctions removed: President Rouhani
Press TV – Iranian President Hassan Rouhani says the country is ready to restart nuclear talks with the member states of the…