Markazi province exports top $400mn in five months
MNA – More than 728,000 tons of non-oil commodities worth $408 million were exported from the central Iranian province of Markazi in…
Tag Archives: economy
Iran’s canola production increased by over 10 times: Minister
Press TV – Iran’s minister of agriculture says the country has significantly boosted its output of rapeseed, also known as canola, to…
Mining projects worth over $660m ready to come on stream: IMIDRO
Tehran Times – Seven projects worth more than $660 million are ready to be inaugurated in Iran’s mining sector across the country,…
Iranian petchem firms interested in using domestic catalysts
MNA – CEO of the Petrochemical Research and Technology Company (PRTC) says Iranian petrochemical companies are keen on consuming local catalysts for…
IRENEX to hold 8th round of heavy crude oil offering
Tehran Times – National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX)…
Insurance firms’ delay in repaying pharmacies under fire
Financial Tribune – Insurance companies’ lack of accountability in making pharmaceutical payments is one of the main problems afflicting pharmacies, a board…
Iran tax administration working to systematize tax regime
Financial Tribune – The tax collection system is obsolete and needs rewriting to find its proper place in the running of the…
NIMA supplies over €7.19b for imports of basic goods
Tehran Times – Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied €7.197 billion for imports of basic goods…
IFB base market’s amended regulations for more transparency, efficiency
Tehran Times – The amendments made in the regulations of the base market of Iran’s over-the-counter (OTC) exchange market, known as Iran…
Iran oil minister: Gasoline rationing a necessary evil
Financial Tribune – Oil Minister Bijan Namdar Zanganeh says so long as gasoline is not rationed, vehicle owners will not take fuel…
Only development projects to get oil revenues in Iran’s 2020-21 budget
Financial Tribune – Oil revenues are generated from selling the country’s capital assets and should be spent on augmenting capital assets, such…
Iran: Renewables help save 800m liters of water in ten years
Financial Tribune – The gradual expansion of green energy since 2009 has helped Iran save close to 800 million liters of water…
Trade deal between Iran, EAEU to take effect in late October: sources
Tehran Times – A trade agreement between Iran and the Eurasian Economic Union (EAEU) will officially come into force on October 27,…
Economy returning to normalcy as a result of CBI proper measures: Hemmati
MNA – Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more…
Non-oil exports from Chabahar Port grows 100% in 5 months
MNA – Managing Director of Ports and Maritime Organization of Sistan and Baluchistan, Behrouz Aghaei announced that exports of non-oil goods from…
Tehran stock exchange continues winning streak
Financial Tribune – The Tehran Stock Exchange benchmark rallied again on Tuesday, extending a winning streak into the second day. After substantial…
Domestic investment in Iran’s free zones up nearly 40%
Tehran Times – The secretary of Iranian Free Zones High Council said domestic investment in the country’s free economic, industrial zones increased…
Tehran stock market rally likely to continue
Al-Monitor | Navid Kalhor: Iran’s stock market has been rallying in recent weeks and months, notching fresh all-time highs. The Tehran Stock…
Iran Iron ore exports roil steel production
Esfahan Steel Company is currently operating at around half its nominal production capacity and needs about 6.5 million tons of iron ore…
High octane gasoline sold via Iran Energy Exchange
Financial Tribune – High octane gasoline weighing 3,000 tons was sold in the international ring of Iran Energy Exchange on Tuesday. It…
Talks underway to launch Tehran-Istanbul train services
Financial Tribune – Negotiations are underway between the Islamic Republic of Iran Railways and the State Railways of the Republic of Turkey…
Forex rates low as demand declines in Tehran market
Financial Tribune – Sailing in calm waters since the beginning of the calendar year (mid-March), the currency market witnessed another fall at…
Housing slowdown eases consumer inflation in Iran
Financial Tribune – The slowdown in the monthly rise in housing price levels is believed to be behind the disinflation registered for…
Energy min. inaugurates 1st 7-MW solar power plant in Zanjan prov.
MNA – On the occasion of the Government Week in the current year (started March 21, 2019), Minister of Energy Reza Ardakanian…
Technical, engineering services export, a privilege to boost foreign trade
Tehran Times – According to the Association of Iranian Exporters of Technical and Engineering Services, Iran has the potential and capability to…
10 major dams to go operational by yearend
Tehran Times – Iranian Energy Minister Reza Ardakanian said 10 major dams are going to be inaugurated in nine provinces across the…
Industry ministry takes major steps for promoting domestic production, exports
Tehran Times – Iran’s Ministry of Industry, Mining and Trade has implemented several programs for promoting domestic production and increasing exports in…
Iranian candy Gaz recouping losses as pistachio prices retreat
Press TV – Producers of Gaz, a famous candy from Iran’s cultural capital of Isfahan, are recouping losses at a rapid pace…
Iran inflation slows, first decline reported after 16 months
Press TV – The Statistical Centre of Iran (SCI), the body responsible for issuing reports on major economic indicators, says inflation is…
4-month steel exports exceed 2.24mt
Tehran Times – Iran’s major steel producers exported 2.241 million tons of steel during the four-month period from March 21 to July…
Human drugs production volume up by 9.6% in 4 months
MNA – Statistics of the Ministry of Industry, Mine and Trade indicated that the volume of human drugs production registered a 9.6…
Int’l rice export terminal opens in northern Iran
Financial Tribune – Iran’s International Rice Trade Center and Export Terminal was inaugurated in the city of Amol, located in the northern…
Iran to transfer capital market knowledge, experience to Iraq
Tehran Times – A group of representatives from Iranian and Iraqi capital markets are set to cooperate in a joint project in…
Agricultural production up 3.3% in 6 years
Tehran Times–Iran’s total agriculture production in various sectors including horticulture, livestock, poultry and aquaculture reached 122 million tons in the past Iranian…
Iran to launch 227 major energy, water projects in months: Minister
Tasnim – Iranian Energy Minister Reza Ardakanian said by the end of the current Persian calendar year (March 2020), his ministry will…
Some agreements made on establishment of Iran-Turkmenistan shipping line: road min.
MNA – Iranian Road and Urban Development Minister Mohammad Eslami informed that Iran and Turkmenistan have reached to some agreements on establishing…
Industrial unit establishment permits up over 24%
Tehran Times – Issuance of permits for setting up industrial units in Iran increased 24.1 percent in the first four months of…
Iran’s Q1 saffron exports reach 40 tons
Financial Tribune – Iran exported 40 tons of saffron during the first three months of the current Iranian year (March 21-June 21)…
US sanctions failed to force Iran to buckle: Report
PressTV – A report in Bloomberg, a leading global economic and business website, says Iran is successfully weathering an economic crisis caused…
Road-building projects waiting for free bitumen
Financial Tribune – While many road construction projects are on hold waiting for free asphalt (bitumen) from the government, a great deal…