830,000 jobs to be created by Mar.2019

TEHRAN- Government spokesman Mohammad Baqer Nobakht announced that the government will create 830,000 job opportunities by the end of the next Iranian calendar year (March 20, 2019), IRIB news reported on Sunday.

By Haniyeh Sadat Jafariyeh

Official statistical figures vs. Iranians’ economic conditions

According to the latest report released by the Statistical Center of Iran (SCI), in the first half of the current fiscal year (March 21-September 22), the country’s economy grew by 5.6 percent, while the figure, without taking into account oil production, stood at 6 percent, compared to last year's corresponding period. The state-run body also put the inflation rate for the 12-month period ended on the last day of the ninth Iranian calendar month of Azar (December 21) at 8 percent, compared to the same period in the preceding year.

SP platform 14A to be installed on Jan. 10

TEHRAN- Platform 14A of Iran’s South Pars gas field (in the Persian Gulf) is projected to be installed on its designated offshore spot on January 20-22, according to the operator of South Pars phase 14 development plan.

Over $25b needed to reach 55mt annual steel output: minister

TEHRAN – Iran’s Industry, Mining and Trade Minister Mohammad Shariatmadari said over $25.6 billion is needed to reach the country's 55 million-ton steel capacity envisaged in Iran’s 1404 (March 2025-March 2026) Outlook Plan.

Iran Air receives 2 ATR airplanes

TEHRAN- Iran’s national flag-carrier Iran Air received two of its ordered twin-engine turboprop purchased from the European plane maker ATR on Saturday, IRNA reported.

By M.A. Saki

Inexpert views

These days there are plenty of unprofessional and populist remarks against a plan by the government to increase petrol and diesel prices for the next fiscal year, which starts on March 21, 2018.

Iran to increase rebar exports in 2018: sources

TEHRAN- Thanks to decrease in domestic demand, Iranian rebar exports will increase in 2018, Platts quoted Iranian industry sources.

First VP inaugurates major industrial projects

TEHRAN- Iranian First Vice-President Es’haq Jahangiri inaugurated major industrial projects in the northeastern province of Khorasan Razavi on Thursday, Shata news agency reported.

By Mahnaz Abdi

Factors slowing down privatization in Iran

The law on implementation of the general policies of the Article 44 of Iran's Constitution on privatizing state-owned companies was declared in 2006 in a bid to downsize the government and promote the private sector’s role in the national economy.

Turkmenistan to host exclusive expo of Iranian goods

TEHRAN – The 14th exclusive exhibition of Iranian goods and services is due to be held in Turkmenistan’s capital Ashgabat on March 1-3, 2018, the portal of Trade Promotion Organization of Iran (TPO) reported.

Total, Shell lease out Iranian oil tankers

TEHRAN- National Iranian Tanker Company (NITC) Managing Director Sirous Kianersi said that Total and Shell are among the international companies that have leased out Iranian oil tankers since the implementation of Joint Comprehensive Plan of Action (JCPOA) that lifted the sanctions against Iran in January 2016.

Blaze put out at Rag-Sefid oilfield

TEHRAN- Fire in the well No. 147 of Rag-Sefid offshore oilfield in Iran’s southwestern Khuzestan Province was put out at Tuesday’s night, Shana news agency reported.

By: Ebrahim Fallahi

Natural gas vs. electricity exports: question of profitability

Having abundant energy resources and a great number of power plants, Iran is one of the Middle East’s top energy suppliers which contributes to the region’s electricity supplements both directly through electricity exports and indirectly via exporting natural gas being used as feedstock for the destination countries’ power plants.

Inflation rate stands at 10% in Iran: CBI

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the ninth Iranian calendar month Azar (December 21) compared to the same period in the previous year hit 10 percent, IRIB news reported on Tuesday.

Russia’s Eximbank inks unlimited finance deal with Iran

TEHRAN – Eximbank of Russia signed a deal on Tuesday with four Iranian banks in order to provide them with unlimited funds to implement projects in Iran.

By Mahnaz Abdi

Government not determined on new car-import regulations

In late June, the Iranian government shut down the online auto import registration system saying that the import regulations are being revised.

By Mahnaz Abdi

Rag-Sefid still burning despite killing operations

A blowout occurs at Rag-Sefid offshore oilfield in Iran’s southwestern Khuzestan Province on October 29. The accident happened when drilling operation was ongoing in depth of 2,403 meters in the well No. 147 of the field. It burnt the drilling rig and killed two persons working for the National Iranian Drilling Company (NIDC).

Exports of livestock, poultry products up 7% in 8 months yr/yr

TEHRAN - Exports from Iran’s livestock and poultry industry during the first eight months of the current Iranian calendar year (March 21-November 21) increased by seven percent compared to last year’s same period.

Tehran to host intl. office furniture expo in mid Jan.

TEHRAN - The 7th International Exhibition of Office Furniture of Iran (HOFEX 2018) is due to be held on January 11-14, 2018 at the Tehran Permanent International Fairgrounds.

SEO bans Bitcoin trade by brokerages

TEHRAN – Head of Iran’s Securities and Exchange Organization (SEO) Shapour Mohammadi said trading Bitcoin in the country’s brokerages is illegal, Shada reported on Sunday.

Intl. chandelier expo running in Tehran

TEHRAN- The 25th International Exhibition of Chandeliers & Decorative Lights kicked off on Sunday at the Tehran Permanent International Fairgrounds.

Iran’s crude steel exports up 84% in 8 months yr/yr

TEHRAN- Iran exported 4.225 million tons of crude steel during the first eight months of the current Iranian calendar year (March 21-November 21), showing 84 percent growth from 2.294 million tons in the same period of time in the preceding year, according to Iran Steel Association.

By Mahnaz Abdi

Single-window a key achievement for Iran’s cross-border trade

The single-window system is a trade facilitation idea enabling cross-border traders to submit regulatory documents at a single location and/or single entity. Such documents are typically customs declarations, applications for import/export permits, and other supporting documents such as certificates of origin and trading invoices.

Iran’s light oil price up $1.2 in a week

TEHRAN- Iran’s light crude oil price rose $1.2 in the week ended on December 15 to settle at $63.23 per barrel, IRNA reported on Saturday.

TPO to dispatch marketing delegation to Japan in early Mar. 2018

TEHRAN- Trade Promotion Organization of Iran (TPO) plans to dispatch a marketing and investment delegation to Japan in early March, 2018, the portal of TPO announced.

Inflation rate stands at 8% in Iran: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate for the 12-month period ended on the last day of the ninth Iranian calendar month of Azar (December 21) compared to the same period in the previous year hit eight percent.

Fara Bourse’s main index up 4.8% in a month

TEHRAN- IFX, the main index of Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), rose 4.8 percent in the ninth Iranian calendar month Azar (November 23-Decemebr 21), Tasnim news agency reported on Friday.

Iran’s exports to EU up 122% in Oct.

TEHRAN- Iran’s exports to Europe grew 122 percent in October, in comparison with the same month in 2016, European Union’s statistics agency Eurostat reported.

Iran seeks below 5% inflation rate

TEHRAN- Iran tries to push down its inflation rate to below five percent within the next few years, Central Bank of Iran (CBI) Deputy Governor Akbar Komijani announced addressing SEANZA's meeting of central bank governors in Tehran.

By Mahnaz Abdi

Iran in urgent need of railway connected ports

While ports are the main places where the commodities enter and exit from Iran, just four ports in the country are connected to the railway network and railway accounts for just 14 percent of transportation from and to the ports.