Iran desalination capacity to rise by 300,000 cubic meters per day by 2021
Financial Tribune – In the past six years, 39 desalination units with a capacity of approximately 174,000 cubic meters per day (63.7…
Tag Archives: economy
Iran’s budget steers clear of oil money
Financial Tribune – Iran’s 4,480-trillion-rial ($37.64 billion) budget for the current fiscal year (March 2019-20) is based on the sale of 300,000…
Shaparak transactions down 13%
Financial Tribune – The monthly report of Shaparak payments and settlement network indicates 13.3% decline in value of transactions during the third…
Errant exporters repatriate $20b instead $40b
Financial Tribune – July 22 was the end of a deadline set by the Central Bank of Iran for non-oil exporters to…
Over 42,000 tons of car tires produced in 3 months
Tehran Times – Some 42,200 tons of car tires were produced by Iranian producers during spring (March 21-June 21), IRNA reported citing…
Finance minister calls for upgrading financial supervision system
Tehran Times – Iranian Minister of Finance and Economic Affairs Farhad Dejpasand has called for establishing a comprehensive model for upgrading the…
Iranian MPs differ over raising fuel prices
Financial Tribune – A lthough the three branches of government (executive, legislative and judicial) have come to the conclusion that gasoline prices…
Iran gains technology for manufacturing airbag control units
PressTV – A major Iranian auto parts maker says it has gained the technology needed for manufacturing the airbag control unit (ACU)…
Iran stands at 9th place in thermal power plants’ capacity
MNA – The Islamic Republic of Iran stands at the world’s 9th rank in thermal power plants’ capacity with 65-gigawatt production. According…
Iran has some hope for gas deal with Pakistan
Financial Tribune – F ollowing the contract signed between Iran and Pakistan in 1999 to complete a gas pipeline to help address…
Steel ingot output up 3.7% in a quarter on year
Tehran Times – Production of steel ingot in Iran during spring, which corresponds to the first quarter of Iranian calendar year, stood…
Iran’s consumer inflation up 48% YOY
Financial Tribune – Consumer inflation registered a year-on-year increase of 48% in the Iranian month ending July 22 compared with the similar…
Annual exports of paper, cardboard rise 63%
Tehran Times – Export of papers and cardboards from Iran has risen 63 percent in the past Iranian calendar year (ended on…
Iran’s import of products shrinks in Q1
MNA – Latest statistics of the Islamic Republic of Iran Customs Administration (IRICA) showed that Iran imported $1.2 billion worth of products…
Tehran stocks tumble
Financial Tribune – Following two consecutive rallies, stocks dipped in Tehran on Tuesday amid investor caution in wanting tp protect their earlier…
IMIDRO to implement projects worth $4.5b by March 2020
Tehran Times – Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) will put projects worth $4.5 billion into operation by…
Iranians floored by sky-high housing costs
Al-Monitor | Navid Kalhor: Home prices in Tehran more than doubled in the quarter that ended June 21 compared with a year…
NISOC launches project to manage drilling wastes
Tehran Times – Head of National Iranian South Oil Company (NISOC) said the company has launched a project for composting oil well…
Finance minister says Iran no longer bans cryptocurrencies
Press TV – Iran’s finance minister has said that the country is to fully legalize cryptocurrencies as the government moves to introduce…
Central bank of Iran reports growth in deposits, loans
Financial Tribune – A report on loans made by and deposits with banks and credit institutions says total deposits stood at 20,825…
Power consumption in Iran at all time high
MNA – Iran’s electricity consumption hit a new record on Monday as it reached the peak of 57,681 megawatts, the Energy Ministry’s…
Iran pistachio exports top $14m in one month
Tehran Times – A total of 1,618 tons of pistachio worth $14.68 million were exported from Iran during the first month of…
Saffron exports drop 15% in Q1: official
MNA – Gholamreza Miri, deputy head of the national council of saffron told Mehr news agency that during the first three months…
Iran has no assets for potential freeze in Britain: Businessman
Press TV – A major Iranian businessman has dismissed Britain’s planned announcement for imposing sanctions and asset freezes on Iran, calling it…
Kerman water project near completion
Financial Tribune – The project to transfer drinking water from Safa Rud Dam to Kerman City in southern Kerman Province will be…
2nd phase of national smart metering program kicks off
Tehran Times – Iran’s Power Generation and Distribution Company (known as TAVANIR) and the Iranian Electrical Power Equipment Manufacturing and Provision Company…
Construction of 800km of railway to be accomplished by Mar. 2021
MNA – Managing Director of the Islamic Republic of Iran Railways (RAI) Saeed Rasouli announced on Sunday that by March 2021, construction…
CIOFC to boost oil production in Sa’adat Abad oil field
Tehran Times – The executive operation of a development project for maintaining and enhancing oil production at Sa’adat Abad oil field in…
Iran’s investment climate less secure last Autumn
Financial Tribune – Results of a study by the Majlis Research Center, the research arm of the parliament, indicate a decline in…
‘300 companies omitted from privatization plan for current year’
Tehran Times – Head of Iranian Privatization Organization (IPO) announced that the organization deleted 300 state-run companies from the list of companies…
Launching integrated forex market in last stages: CBI
Tehran Times – Central Bank of Iran (CBI) announced that launching integrated forex market in the country is in the last stages,…
Support for greywater harvesting
Financial Tribune – So long as water is sold at the present low rates, building owners will see no need to install…
Iran’s Q1 copper production surpasses 290K tons
Financial Tribune – Major Iranian copper producers reached an aggregate of 297,924 tons of copper concentrate during the first three Iranian months…
Iran to double IT share in economy
MNA – Manager of Iranian ICT Guild organization Rasool Saraeian said that Iran’s information technology (IT) share in economy will be doubled…
Iran’s trade with EU plunges 76%
Financial Tribune – Trade between Iran and European Union member states during the first four months of 2019 stood at €1.61 billion…
Iran: Consumption challenging capacity
Financial Tribune – Energy consumption and wastage have overtaken production and supply and Iran could become an energy importer despite its abundant…
Over $9b needed for completing semi-finished projects: industry min.
Tehran Times – Iranian Industry, Mining and Trade Minister Reza Rahmani said 390 trillion rials (nearly $9.3 billion) is required to finish…
Iran, Azerbaijan confer on expansion of economic, road ties
MNA – Iranian Minister of Roads and Urban Development Mohammad Eslami and Minister of Communications and High Technologies of Azerbaijan Ramin Gholizadeh…
Iran: Provincial home sales buck the trend
Financial Tribune – Barring Tehran, the housing sales news was encouraging across all Iranian provinces in the last fiscal year (March 2018-19).…
Iran ready to invest in major Indian refinery: Ambassador
Press TV – Iran’s ambassador to India has said that his country would not halt planned investment in a major Indian refinery…