Iran-EAEU trade exceeds $2b in 7 months

TEHRAN- The value of trade between Iran and the members of the Eurasian Economic Union (EAEU) reached $2.112 billion since the implementation of the preferential trade agreement on October 27, 2019, the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.

980 kilometers of freeways to be inaugurated by Mar. 2021

TEHRAN- Some 980 kilometers of freeways will be inaugurated throughout Iran during the current Iranian calendar year (ends on March 20, 2021), Transport and Urban Development Minister Mohammad Eslami said.

Annual greenhouse fruit, vegetable output of 5,000 tons anticipated

TEHRAN- Iran is anticipated to produce 5,000 tons of fruits and vegetables in the greenhouses throughout the country in the current Iranian calendar year (ends on March 20, 2021), the managing director of Ferdows Pars Agricultural and Livestock Holding announced.

100 production companies to be listed on stock exchange by Mar. 2021

TEHRAN- Iran’s deputy industry, mining and trade minister said that 100 production companies are projected to be listed on the stock exchange of the country by the end of the current Iranian calendar year (March 20, 2021), IRNA reported.

ICCIMA calls government’s coronavirus support package ‘inefficient’

TEHRAN - Members of the industry committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), in a meeting, criticized the inefficiency of the government’s support packages against the impacts of the coronavirus outbreak.

1,660km of new railroads to be inaugurated by Mar. 2022

TEHRAN- Kheirollah Khademi, the managing director of Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC), announced that seven prioritized railway projects with a total length of 1,660 kilometers will be inaugurated by the end of the Iranian calendar year 1400 (March 2022).

Iran’s daily electricity consumption exceeds 53 GW

TEHRAN – Daily electricity consumption in Iran reached 53,502 megawatts (53.5 gigawatts) on Saturday to register a new record high, IRNA reported, citing data released by Iran Grid Management Company (IGMC).

1st phase of National Housing Action Plan completed in southern Iran

TEHRAN – The first phase of the National Housing Action Plan, which started in August 2019 to provide affordable houses to Iranians, are completed in the southern Kerman Province and will soon be handed over to the owners, IRNA reported on Saturday.

Energy ministers of Iran, Russia discuss trade, investment

TEHRAN – Iranian Energy Minister Reza Ardakanian discussed trade ties and investment cooperation with his Russian counterpart Alexander Novak in a phone conversation on Friday, Reuters reported, citing Russia’s energy ministry.

Stable drinking water supply to 10m villagers to be conducted by Mar. 2021

TEHRAN – Iran’s deputy energy minister says over 10 million people in the country’s rural areas will be supplied with drinkable water through pipelines by the Iranian calendar year of 1400 (starts in March 2021).

Single-window system launched to improve business environment

TEHRAN – Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) says establishing a single-window system for the starting businesses would be a great step toward improving the business environment in the country, ILNA reported.

TPO launches integrated system for processing NDF loan requests

TEHRAN – Head of Trade Promotion Organization (TPO) of Iran announced the launching of an integrated system for processing the requests for loans (in local currency rial) submitted to the National Development Fund (NDF).

Monthly agricultural, foodstuff exports at $336m

TEHRAN- The value of Iran’s exports of agricultural products and foodstuffs stood at $336 million in the first month of the current Iranian calendar year (March 20-April 19), according to the acting head of Agriculture Ministry’s Economic Affairs Department Shahrokh Shajari.

Daily gas supply to power plants up 20%

TEHRAN - National Iranian Gas Company (NIGC) Dispatching Director Mehdi Jamshidi Dana says NIGC is currently supplying 240 million cubic meters (mcm) of natural gas to the country’s power plants on a daily basis, registering a 20-percent rise.

TSE witnesses 5% weekly drop of index

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 48,040 points, or five percent, to 938,557 in the past Iranian calendar week (ended on May 29), IRNA reported.

Zahedan-Chabahar railway’s 2 sections to be completed by next 10 months

TEHRAN - Head of Iran’s Budget and Planning Organization (BPO) announced that two sections of Zahedan-Chabahar railway are going to be completed by the end of the current Iranian calendar year (March 20, 2021).

Iran, Iraq discuss expanding transport cooperation

TEHRAN – Iranian Transport and Urban Development Minister Mohammad Eslami discussed expansion of transportation cooperation with his Iraqi counterpart over the phone, IRIB reported.

200 industrial, mining, trade projects to be implemented by Mar. 2021

TEHRAN – Iranian Industry, Mining, and Trade Ministry plans to inaugurate 200 major industrial, mining, and trade projects across the country by the Iranian calendar year of 1400 (begins on March 20, 2021), IRNA reported.

NIDC digs 23 oil, gas wells in 2 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 23 oil and gas wells during the first two months of the current Iranian calendar year (March 20-April 19), the company’s director for consolidated planning announced.

IMIDRO to revive 50 small copper mines by Mar. 2021

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that it plans to revive 50 idle small copper mines in the current Iranian calendar year (ends on March 20, 2021), IRNA reported.

IFX climbs 29% in a month

TEHRAN- IFX, the main index of Iran’s over-the-counter (OTC) market known as Iran Fara Bourse (IFB), rose 29 percent in the second Iranian calendar month of Ordibehesht (April 20-May 20), Tasnim news agency reported.

Airport development projects worth $238m to be implemented by Mar. 2021

TEHRAN- Head of Iran Airports and Air Navigation Company Siavash Amirmokri announced that 21 airport development projects worth 10 trillion rials (about $238 million) are planned to be implemented in the country by the end of the current Iranian calendar year (March 20, 2021).

CBI targets annual inflation rate of 22%

TEHRAN- Central Bank of Iran (CBI) in a statement on Tuesday announced that the annual inflation rate for the current Iranian calendar year (ends on March 20, 2021) is set to be 22 percent.

Annual copper concentrate output projected to reach 1.4m tons

TEHRAN- In its outlook plan for the mining sector in the current Iranian calendar year (ends on March 20, 2021), Iran plans to produce 1.427 million tons of copper concentrate, IRNA reported on Tuesday.

Iran-China trade falls 40% in 4 months yr/yr

TEHRAN– Iran’s trade with its top trading partner China reached $5.26 billion in the first four months of 2020, 40 percent less than the same period last year, Tasnim reported.

Rouhani urges completion of semi-finished oil industry projects

TEHRAN – Iranian President Hassan Rouhani, in a phone conversation with Oil Minister Bijan Namdar Zanganeh, stressed the need for accelerating the completion of the oil industry’s semi-finished projects, Shana reported.

By Mahnaz Abdi

Reviving small mines, a big step toward ‘Surge in Production’

Reviving the small mines was one of the major plans that Iran’s mining sector was seriously pursuing in the past Iranian calendar year (ended on March 19), which was named the year of “Pickup in Production”.

New runway inaugurated in northern Ramsar Airport

TEHRAN – Iranian Transport and Urban Development Minister Mohammad Eslami inaugurated a new runway in Ramsar International Airport in the northern Mazandaran Province, during a ceremony on Monday.

IMIDRO to support mining startups

TEHRAN – Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that the organization plans to support knowledge-based companies with innovative ideas that can solve problems in the mining industry.

5,000 km of arterial roads under maintenance across Iran

TEHRAN – Head of Iran Road Maintenance and Transportation Organization (RMTO) said more than 5,000 kilometers (km) of arterial roads across the country are going through maintenance operations, IRIB reported.