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  • Electricity 2018-02-04 20:04

    Over 5,000 electricity projects to come on stream by next week

    TEHRAN- Some 5,317 electricity projects are scheduled to be inaugurated in the country on the occasion of Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islamic Revolution), Energy Minister Reza Ardakanian announced.

  • Armenia 2018-02-04 20:03

    Iran, Armenia sign gas-for-power deal, open radiotherapy center

    TEHRAN- During two separate events, Iran and Armenia signed a gas for power transfer deal and inaugurated a radiotherapy center in an Armenian hospital, IRNA reported on Sunday.

  • Zanganeh 2018-02-04 20:03

    By Ebrahim Fallahi

    Iran able to rise oil output, complies with OPEC pact

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said although Iran is able to increase its crude oil output by 100,000 barrels per day in less than few days but complying with OPEC, non-OPEC pact the country will keep the output at the agreed levels.

  • Agriculture projects 2018-02-03 20:02

    Agriculture projects worth $1.2b to become operational

    TEHRAN – Some 3,511 new agriculture projects worth 54.4 trillion rials (about $1.2 billion) are scheduled to be inaugurated across the country on the occasion of the victory of Islamic Revolution (on February 1-11), ILNA reported on Saturday.

  • finance 2018-02-03 20:01

    Parliament permits $30b of foreign finance facilities as of Mar. 21

    TEHRAN- According to Iranian Parliament’s latest approval, the government will be allowed to use up to $30 billion of finance facilities during the next Iranian calendar year (starting March 21, 2018), ILNA reported.

  • IPO 2018-02-03 20:01

    By Mahnaz Abdi

    Companies management should be revised in privatization

    Downsizing the government has been an economic agenda of the countries with a centrally planned economy in the recent century. 

  • Turkey 2018-02-02 21:36

    Turkey’s imports from Iran rise 59% in 2017

    TEHRAN- Increasing 59 percent, Iran’s exports to Turkey hit $7.49 billion in 2017, according to the latest report of Turkish Statistical Institute (TurkStat).

  • reserves 2018-02-02 21:35

    Iran holds 3b tons of Iron ore reserves: industry official

    TEHRAN – Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) put the country's iron ore reserves at 3 billion tons, IRIB news reported.

  •  budget bill outlines 2018-01-31 18:02

    Iranian parliament approves budget bill outlines

    TEHRAN- After approving the outlines of the government’s proposed budget for the next Iranian calendar year (starting on March 21, 2018) Iranian Parliament (Majlis) started investigating the bill in detail on Wednesday, IRNA reported.

  • Mir Ali Pouri-Hosseini 2018-01-31 18:02

    State-owned shares worth over $110m to be divested by late March

    TEHRAN- Transfer of the state-run shares to the private sector during the two-month period ending on the last day of current Iranian calendar year (March 20, 2018) will reach 5 trillion rials (about $110.37 million), according to the head of Iranian Privatization Organization (IPO).

  • Solar farm 2018-01-31 18:02

    Iran plans to add 1GW solar, wind capacity to current 400MW in a year

    TEHRAN – Iranian deputy energy minister put the country’s current solar and wind farms capacity at 400 megawatts (MW) saying that the figure will increase to 1.4 gigawatts (GW) in the next Iranian calendar year (March 2018-March 2019).

  • Chris Cook 2018-01-31 12:22

    By Chris Cook

    EnergyCoin – smart subsidy

    A wise person once said: “You don't know what you've got until it's gone”. But the extraordinary scenes on Sunday in the Majlis in respect of Iran's budget due to the subsidy question reminded me of the converse saying: “You don't know what you haven't got until you see it”.

  • Jobs 2018-01-30 20:54

    Small industries to offer 161,000 job opportunities in 4 years

    TEHRAN - The head of Iran Small Industries and Industrial Parks Organization said during the next four years 161,000 new job opportunities will be created in 20,000 small industrial unites across the country, IRIB news reported on Tuesday.

  • water, electricity projects 2018-01-30 20:53

    Over 5,000 water, electricity projects to be inaugurated

    TEHRAN – Some 5301 water and electricity projects are due to be inaugurated in Iran on the occasion of Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islamic Revolution), IRIB reported citing energy ministry’s news portal.

  • Mohammad Khazaie 2018-01-30 20:52

    Chinese direct investments in Iran rise 20% in almost 4 years

    TERHAN- Direct investments made by Chinese companies in Iran increased 20 percent during the period from March 2014 to late January 2018, Head of Organization for Investment, Economic and Technical Assistance of Iran Mohammad Khazaie announced.

  • IPO 2018-01-30 10:16

    Nearly $90m of state-owned shares divested in 10 months

    TEHRAN- Iranian Privatization Organization (IPO) has transferred 4.054 trillion rials (about $89.59 million) worth of the state-run shares to the private sector during the ten-month period ended on January 20, Tasnim news agency reported on Monday.

  • auto conference 2018-01-30 10:16

    Tehran to host intl. automotive conference in mid-Feb.

    TEHRAN- The 5th Iran Automotive Industry International Conference (IAIIC) will be held in Milad Tower of Tehran on February 13 and 14, ISNA reported on Monday.

  • Valioallah Seif 2018-01-29 19:39

    Switzerland willing to expand banking ties with Iran

    TEHRAN- In a meeting with the Central Bank of Iran (CBI) Governor Valiollah Seif, the Swiss Ambassador to Tehran Marcos Lightner expressed his country’s eagerness for the expansion of banking ties with the Islamic Republic.

  • capital market 2018-01-29 15:19

    Iran celebrates 50th anniversary of capital market establishment

    TEHRAN- In a ceremony on Sunday, Iran celebrates the 50th anniversary of establishing its capital market.

  • Iran Finland 2018-01-29 15:19

    Finnish agricultural delegation due in Tehran in mid-Feb.

    TEHRAN – A Finnish agriculture delegation is due to visit Tehran in mid-February to discuss expansion of mutual ties in the industry, IRNA reported.

  • Crude steel 2018-01-28 19:31

    Crude steel exports up 80% in 9 months

    TEHRAN- Iran exported 4.614 million tons of crude steel during the nine-month period ended on December 21, with 80 percent rise from 2.565 million tons in the same period of time in the preceding year, Iranian Steel Producers Association announced.

  • Stock 2018-01-27 20:34

    TEDPIX gains 599 points in a week

    TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 599 points to 99.522 during the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, IRIB news reported.

  • Iran-GDP 2018-01-27 20:33

    Iran ranks 18th among world’s top economies

    TEHRAN – Iran is ranked world’s 18th biggest economy in 2017 based on gross domestic product (GDP) measured upon Purchase Power Parities (PPP), ISNA reported on Saturday citing World Bank’s latest data.

  • Gholamreza Manouchehri 2018-01-26 18:33

    Total’s activity in South Pars on schedule

    TEHRAN- France’s Total is working on development project of Iran’s South Pars gas field (shared with Qatar in the Persian Gulf) based on the schedule, National Iranian Oil Company (NIOC) Deputy Director for Engineering and Development Gholamreza Manouchehri told ILNA.

  • IMF 2018-01-26 18:32

    Iran’s current account balance at $21.6b in 2017: IMF

    TEHRAN- According to the latest report released by the International Monetary Fund (IMF), Iran’s current account balance stood at $21.603 billion in 2017.

  • Organization for Economic Cooperation and Development (OECD) 2018-01-26 18:32

    Iran’s risk rating improves: OECD

    TERHAN- Iran’s rate in the country risk classification of the Participants to the Arrangement on Officially Supported Export Credits has improved to 5 in the latest report published by the Organization for Economic Cooperation and Development (OECD).

  • Iran-Belarus 2018-01-24 20:18

    Iran, Belarus sign 8 economic co-op documents

    TEHRAN- Iranian and Belarussian industry ministers signed eight cooperation documents in various economic sectors, IRIB news reported on Wednesday.

  • reserves of foreign exchange and gold 2018-01-24 20:17

    Iran outstrips U.S. in gold, forex reserves: CIA

    TEHRAN- A document released on the website of the U.S. Central Intelligence Agency (CIA) shows that Iran outstrips the United States in terms of reserves of foreign exchange and gold.

  • Shahid Rajaie 2018-01-24 20:16

    21 global shipping lines return to Iran’s major port in post sanctions

    TEHRAN- Some 21 international shipping lines have returned to Iran’s southern port of Shahid Rajaie (in Hormozgan Province), after lifting of sanctions against the country in January 2016, according to a port and maritime official.

  • industrial estates 2018-01-23 20:11

    50 new industrial estates to be constructed in rural areas

    TEHRAN- Construction of 50 new industrial estates will be started in the rural areas in early February, the head of Iran Small Industries and Industrial Parks Organization announced.