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…
Economy
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)…
Iran to offer modest amount of oil to local buyers for export
Radio Farda – Tehran’s energy trading exchange announced on Saturday that two million barrels of oil will be offered to “private buyers”…
Stock market index rises 27% in 2.5 months
Tehran Times – Tehran Stock Exchange (TSE)’s main index (TEDPIX) has gained 48,324 points or 27 percent during the 2.5-month period from…
Iran exported $8.5bn worth of minerals last year
MNA – Deputy Minister of Industry, Mine and Trade Jafar Sargheini said that the country exported $8.5 billion worth of mining and…
Iran’s non-oil trade with East Europe falls
Financial Tribune – Iran traded 343,389 tons of non-oil commodities worth $152.97 million with member states of the United Nations’ Eastern European…
Gas output in SPGF to increase by 60 mcm: CEO
MNA – Chief Executive of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said Sat. that gas output in South Pars Gas…
First economic forum of Caspian Sea littoral states due in August
MNA – The first economic forum of the Caspian Sea littoral states will be held on August 11-12, with representatives of the…
All SP phases, except ph. 11, to come online by Mar. 2021
MNA – Iran’s Oil Minister Bijan Namdar Zanganeh announced on Saturday that by March 2021, all phases of the South Pars gas…
Iraq doesn’t condone ‘very hurting’ US sanctions against Iran’s energy sector – Minister
Sputnik – Anastasia Dmitrieva – Iraq does not condone the US “very hurting” restrictions against Iran, “sanctions for political reasons,” Iraqi Oil…
Annual tax revenues at $8.2bn: economy min.
MNA – According to Iranian Economy Minister Farhad Dejpasand up to 1.09 quadrillion rials (above $8.2 billion) of tax revenues were earned…
No country can replace lost Iranian oil: Zanganeh
Tasnim – Iranian Oil Minister Bijan Namdar Zanganeh rejected claims that Saudi Arabia and the United Arab Emirates can replace the reduced…
PGPIC reaction to US sanctions: We will continue with calm
MNA – CEO of the Persian Gulf Petrochemical Industries Company (PGPIC), in reaction to the recent US sanctions, said the group would…
US sanctions Iran’s petrochemical sector
IRNA – The US Treasury Department imposed fresh sanctions on Iranian petrochemical sector. “The US Department of the Treasury’s Office of Foreign…
China’s Kunlun Bank launches branch in Iran
IRNA – The deputy chairman of Iran’s Chamber of Commerce, Industries, Mining and Trade announced that Kunlun Bank of China had started…
Iran’s Defense Ministry extends helping hand to carmakers
Financial Tribune – Iran’s Defense Ministry is set to share its technological capabilities with local car companies Iran Khodro (IKCO) and SAIPA…
New project to more than double oil output in Iran’s Ilam
Tasnim – The launch of a major oil project in Iran’s western province of Ilam is expected to raise the crude output…
‘Over 3,200 rooftop PV stations operational across Iran’
Tehran Times – Currently over 3,200 rooftop photovoltaic power stations (known as PV systems) are operational across Iran, the portal of Iranian…
‘Blood pressure information of 3.3 million Iranians registered’
Tehran Times – About three million and 300 thousand Iranians have registered their blood pressure information at the health ministry’s comprehensive network,…
Iran records $5.7m in non-oil trade surplus with Balkan states
Financial Tribune – Iran recorded $5.75 million in non-oil trade surplus with countries in the Balkan region during the first month of…