Iran industrial investments on the decline
Financial Tribune – The highest volume of investments in projects with establishment permits and operating licenses were made in those related to…
Economy
Iran’s non-oil foreign trade falls 7.8 percent to $55 billion
Financial Tribune – Iran’s non-oil foreign trade (excluding crude oil, mazut, kerosene and exports via suitcase trade) during the first eight months…
Noori petchem plant yields 2.9 mt of output since March
SHANA – Iran’s Noori Petrochemical Plant produced a total of 2.9 million tons of petrochemicals in the first 8.5 months of the…
Hassan Rouhani’s fantasy budget won’t buy off Iran’s protesters
Bloomberg | Bobby Ghosh: There’s a sprinkling of wishful thinking in all budget announcements. Governments always want to foster a sense of…
Iran braces for harsh times under new budget
Al-Monitor – President Hassan Rouhani presented his administration’s proposed budget to parliament on Dec. 8, and while Rouhani’s subsequent speeches after the…
Iran plans energy exchange with Russia
Tasnim – Iranian Energy Minister Reza Ardakanian unveiled plans for exchanging energy with Russia. Speaking to reporters on the sidelines of inauguration…
China opposes US illegal anti-Iran sanctions: envoy
MNA – Chinese Ambassador to the Islamic Republic of Iran Chang Hua said that his country is against the unilateral and illegal…
Development projects on track despite cruel sanctions: Larijani
MNA – Iranian Parliament Speaker Ali Larijani says the country is unstoppably moving forward toward development despite the economic terrorism imposed on…
No major shortage of medicine in Iran: Minister
Tasnim – There is no serious shortage of pharmaceuticals in Iran, Minister of Health Saeed Namaki said. Speaking to reporters on Monday,…
Iran’s chief banker says stability will return to Iran forex market soon
Press TV – The governor of the Central Bank of Iran (CBI) says prices of foreign currencies will return to normal levels…
Iran: $500 million in government’s grant to retrofit cabs, vans
Financial Tribune – The government’s Economic Council has approved a proposal by the Oil Ministry based on which the state-owned National Iranian…
MRC criticizes piecemeal measures to tackle inflation
Financial Tribune – In an analytical report appraising measures taken to curb inflation, the Majlis Research Center says the government has resorted…
Iran to develop new farming systems in southeastern region of Sistan
Tasnim – The Iranian Central Organization for Rural Cooperatives (CORC) plans to adopt new measures to optimize use of natural resources in…
NPC serious in purposeful development of petchem projects
SHANA — The CEO of the National Petrochemical Company (NPC) said that the company had launched an initiative to orchestrate petrochemical projects…
US sanctions can create opportunities for coop. with Georgia: Araghchi
MNA – Referring to the difficulties created by the US-led sanctions against Iran, Iranian Deputy Foreign Minister Abbas Araghchi said on Sunday…
Iran foreign investment experiences 20% growth in 7 months
IRNA – Iranian Minister of Economy Farhad Dejpasand said despite the difficult situation in sanctions era, foreign investment experienced a 20% growth…
Iran opens development of largest goldmine
IRNA – Iran opened development of 40 hectares goldmine of Zarshouran in Takab, West Azarbaijan province, Deputy Director of Provincial Mines and…
Tehran stocks surge to new highs
Financial Tribune – Tehran stocks were again of the ascending order on Sunday as the Tehran Stock Exchange benchmark peaked at 332,567.2,…
Volume of smuggled petrol very low: Min.
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said the volume of smuggled petrol and gasoil from Iran was “very little”. Speaking…
Iran extends agreement on electricity exports to Iraq: energy min.
MNA – Energy Minister Reza Ardakanian informed on Monday that Iran has extended its exports of electricity to Iraq by signing a…
Iran taking new paths to overcome sanctions: Official
Tasnim – Head of Iran’s Plan and Budget Organization Mohammad Baqer Nobakht highlighted the country’s measures to export a million barrels of…
Iran targeting export of 30mln liters of gasoline per day
FNA – A senior energy official announced that Iran can now export some 25 million to 30 million liters of gasoline per…
Pistachio production reaches 320K tons so far
Financial Tribune – A total of 320,000 tons of pistachios have been produced in Iran since the beginning of the current Iranian…
Iran holds 25% of Iraqi market
Financial Tribune – Chairman of the Trade Promotion Organization of Iran Hamid Zadboum said the value of Iranian exports to neighboring Iraq…
Effects of US sanctions on Iranian citizens’ health security
Tehran Times | Hamed Khani: 1. Problem statement Sanctions are one of the punitive measures in international relations that have a lot…
Chabahar airport development project launched
Financial Tribune – The execution phase of Chabahar Airport Development Project in the southeastern province of Sistan-Baluchestan started on Thursday, with Minister…
Statistics show China, Iraq, UAE form major destinations for Iran’s exports
MNA – Statistics for the first 7 months of the Iranian year of 1398 show that China, Iraq, and United Arab Emirates…
Currency rates boost Tehran stock value
Financial Tribune – Keeping pace with trends in the domestic currency market, Tehran stocks rallied Saturday to new peaks. The main gauge…
Gold and currency surge in Tehran market
Financial Tribune – The US dollar was traded above the psychological level of 130,000 rials on Saturday and was worth 132,000 rials…
Pakistan’s PM stresses to expedite setting up border markets with Iran
IRNA — Prime Minister of Pakistan Imran Khan directed the ministry of commerce to expedite the process of setting up border markets…
Iran unveils ‘budget of resistance’ to sanctions with help from $5bn Russian loan
The Guardian – Iran’s president says his country will depend less on oil revenue in a budget designed to resist crippling US…
US’ cruel sanctions on Iran affecting rare disease patients: Official
Tasnim – The head of Iran’s Organ Transplant Management Center said the “cruel” sanctions imposed by the US against the Islamic Republic…
Envoy: Iran, Turkey revising PTA list
Tasnim – Iran and Turkey are updating the list of items in a preferential trade agreement (PTA) they have signed, the Iranian…
Iran, Oman seek easier financial exchanges to boost trade
Press TV – Iran and Oman will take steps to facilitate financial exchanges between the two countries amid plans to increase the…
Iran presidnet unveils draft ‘budget of resistance’ to counter sanctions
Press TV – Iranian President Hassan Rouhani has submitted a draft state budget to the parliament, saying it has the least possible dependence…
ICCIMA revives Iran-South Africa economic committee
Financial Tribune – Iran Chamber of Commerce, Industries, Mines and Agriculture has revived the Iran-South Africa Commerce Committee upon the requests of…
Iran mulls construction of $8b petchem project
SHANA – Plans are under way to construct an $8-billion petrochemical megaproject by Iranian petrochemical holdings, a senior petrochemical official said. Behzad…
Iran: Exporters blamed for rise in currency prices
Financial Tribune – Major currencies hit six-month highs on Thursday as the US dollar was heading toward the resistance level of 130,000…
Iran’s agrifood exports top $2.7 billion
Financial Tribune – Iran exported 3.58 million tons of agrifood products worth over $2.79 million during the first seven months of the…
Kiwi exports at $97m last year
Financial Tribune – Close to 140,000 tons of kiwis worth $97 million were exported from Iran in the last Iranian year (ended…