Production by major automakers exceeds 790,000 in 11 months

TEHRAN - Three major Iranian carmakers, namely Iran Khodro Company (IKCO), SAIPA Group and Pars Khodro, manufactured 793,924 vehicles during the first 11 months of the current Iranian calendar year (March 21, 2019-February 19, 2020), IRNA reported citing the data released by Codal website.

110,000 KWh of electricity to be offered at IRENEX tomorrow

TEHRAN – Iranian private power suppliers are due to offer 110,000 kilowatt hours (KWh) of electricity at the country’s Energy Exchange (known as IRENEX) on Saturday, IRNA reported.

TEDPIX climbs 10% in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 10 percent during the past Iranian calendar week (ended on Friday), IRNA reported.

‘Iran establishes intl. banking ties beyond FATF’

TEHRAN - The governor of the Central Bank of Iran (CBI) says the country has established international banking ties that are unsanctionable and also do not relate to FATF, Mehr news agency reported.

Water, electricity networks back to normal in flood-hit regions

TEHRAN - Head of Iranian Energy Ministry's Crisis Management Office, Meisam Jafarzadeh, said electricity network is back in normal operation after the recent floods in western and southwestern provinces.

‘National gas network fully stable, operational despite floods’

TEHRAN - National Iranian Gas Company (NIGC) Dispatching Director, Mehdi Jamshidi Dana, says the national gas network is completely stable and operational despite the recent floods reported in various regions across the country.

Chief banker holds talks with economists

TEHRAN - In the ninth meeting of the country’s economists with the governor of Central Bank of Iran (CBI) in Tehran on Wednesday, various issues like CBI actions for stabilizing the currency market, open market operations, the importance of non-oil exports and the recent FATF decision were explored.

Tehran, Islamabad discuss free trade agreement

TEHRAN – A Trade delegation from Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) traveled to Pakistan to discuss expansion of trade ties between the two countries.

25,000 nomadic households to access solar electricity by Mar.2021

Tehran – Head of Nomads Affairs Organization of Iran says 25,000 nomadic households are going to be supplied with photovoltaic power stations (known as PV systems) by the end of the next Iranian calendar year (March 2021).

Iran’s Jan. steel output growth 23 times global average: WSA

TEHRAN - The latest report released by the World Steel Association (WSA) shows that Iran’s crude steel output has increased 46.7 percent in January while the global average growth rate stood at 2.1 percent, IRNA reported, citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

TEDPIX jumps 5,800 points on Wednesday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 5,882 points to 524,394 on Wednesday, IRNA reported.

Senior officials hold meeting on basic goods supply

TEHRAN- During a meeting held on Wednesday, some Iranian high-ranking officials discussed the issue of supplying basic commodities for the country, IRNA reported.

Industry minister holds talks with manufacturers of heath products amid coronavirus outbreak

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani held a meeting with the producers of health and hygiene products, on Tuesday, to discuss the supply of such products amid the coronavirus outbreak.

Housing price climbs 3.8% in Tehran City

TEHRAN- Housing price rose 3.8 percent in Tehran City during the past Iranian calendar month of Bahman (ended on February 19), compared to its previous month, ISNA reported on Tuesday.

Iran-Turkmenistan Joint Chamber of Commerce to select its new board members

TEHRAN- Iran-Turkmenistan Joint Chamber of Commerce will hold an extraordinary assembly on March 11 in order to select its new board members.

By: Ebrahim Fallahi

Why Majlis rejected the budget bill?

TEHRAN - The Iranian Parliament (Majlis) on Monday rejected general outlines of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, stating that the bill is not compatible with the country’s current economic conditions.

Iran’s gas output to hit record high by mid-March: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that the country’s daily gas production is going to reach one billion cubic meters (mcm) by the end of the current Iranian calendar year (March 19) when all the South Pars phases go operational.

1st section of Tehran-Shomal freeway inaugurated

TEHRAN – The first section of the long-awaited Tehran-Shomal freeway, which shortens the route between the Iranian capital and Mazandaran province in the north, was officially inaugurated on Tuesday by President Hassan Rouhani.

TEDPIX, IFX on rising trend

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 14,778 points to 518,513 on Tuesday, after it notches the ever-high record of one million points on Monday, IRNA reported.

NIDC digs 100 oil, gas wells in 10 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 100 oil and gas wells during the first ten months of the current Iranian calendar year (March 21, 2019-February 19, 2020), the company’s deputy head for drilling operation announced.

TEDPIX notches record high of half million points

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), posted a record high on Monday when it climbed 4,831 points to 503,735, IRNA reported.

Daily gas supply to power plants at 120 mcm

TEHRAN - National Iranian Gas Company (NIGC) Dispatching Director Mehdi Jamshidi Dana says NIGC is currently supplying 120 million cubic meters (mcm) of natural gas to the country’s power plants on a daily basis and there is no problem in this regard.

3rd platform of South Pars phase 13 installed on offshore spot

TEHRAN- Platform 13A, the third platform of phase 13 of Iran’s South Pars gas field’s development project was installed on its designated offshore spot on Monday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, announced.

Facilities provided to advanced industries up over 50% in 11 months

TEHRAN – The facilities provided by the Advanced Industries Research and Development Fund (AIRDF) of Iran to the country’s advanced industries has increased by 52 percent in the first 11 months of the current Iranian calendar year (March 20, 2019-February 19, 2020) year on year.

Iran-Syria Joint Chamber of Commerce’s board members selected

TEHRAN- During a session of the establishment assembly of Iran-Syria Joint Chamber of Commerce on Sunday, the new board members of the chamber were selected.

Majlis rejects general outlines of budget bill

TEHRAN – The Iranian Parliament (Majlis) on Monday rejected general outlines of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, ISNA reported.

Weekly value of trades at IME up 19%

TEHRAN- The value of trades at Iran Mercantile Exchange (IME) rose 19 percent while the amount of trades increased 33 percent during the past Iranian calendar week (ended on Friday).

Iran to set up pavilion in Qatar’s intl. agriculture exhibit

TEHRAN- Iran is planning to set up a pavilion at Qatar’s 8th International Agricultural Exhibition (AgriteQ), which will be held from March 17 to 21, Trade Promotion Organization (TPO) of Iran published on its website.

Private sector accounts for 60% of Iran’s power generation

TEHRAN - Head of Iran's Power Generation, Transmission and Distribution Management Company, known as Tavanir, says 60 percent of the country’s power generation capacity has been created by the private sector funding and more investment is being made in this sector.

TEDPIX approaching 500,000 points

TEHRAN- On Sunday, TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 17,106 points to 498,904, IRNA reported.