ICCIMA holds meeting to explore ways of financing SMEs

TEHRAN – The members of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Investment and Financing Committee met on Monday to discuss ways that Small and Medium-sized Enterprises (SMEs) can benefit from stock market financing methods.

Construction of 200,000 National Housing Movement units begins in new towns

TEHRAN- As announced by the managing director of New Towns Development Company, the construction of 200,000 units of the National Housing Movement plan begun in the new towns.

MAPNA breaks new record in electricity generation

TEHRAN – The electricity generation capacity of the power plants constructed by Iran’s MAPNA Group has reached 50,220 megawatts (MW) which is more than the generation capacity of 160 countries including Switzerland, Sweden, Netherlands, Finland, Argentina, and Norway.

FTA with EAEU, an opportunity for Iran to expand export markets

TEHRAN – The head of Iran’s Trade Promotion Organization (TPO) has called the conclusion of the free trade agreement (FTA) with Eurasia an opportunity to increase the competitiveness of the country’s production and industrial units and an incentive to expand export markets.

Average daily gasoline consumption reaches 113m liters

TEHRAN - Average daily gasoline consumption in Iran has reached about 113 million liters in the 10th month of the current Iranian calendar year (started on December 22, 2023), the managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) said.

Shahid Soleimani petro-refinery’s executive operations to begin soon

TEHRAN- The managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) said on Saturday that the executive operations of Shahid Soleimani petro-refinery complex will begin within the next few months, Shana reported.

President Raisi inaugurates several infrastructure projects in Zanjan Province

TEHRAN - Iranian President Ebrahim Raisi and a group of his ministers visited Zanjan province on Saturday to inaugurate some development and infrastructure projects in the northwestern province, IRNA reported.

90% of Iran’s rural areas to get access to gas network by late March

TEHRAN – The head of the National Iranian Gas Company (NIGC) said 90 percent of the country’s rural areas are going to be supplied with gas through the national gas network by the end of the current Iranian calendar year (March 19), Shana reported.

About 10,000 knowledge-based industrial companies active across Iran

TEHRAN – Iran’s Deputy Industry Minister Mohammad-Majid Fouladgar has said about 10,000 knowledge-based industrial companies are currently active across the country, IRNA reported.

Iran, Turkey prepare to hold joint economic committee meeting

TEHRAN – The coordination meetings of Iran-Turkey Joint Economic Committee were held during the visit of the Iranian minister of transport and urban development as the head of this committee to Ankara.

By Mahnaz Abdi

TSE managing director outlines exchange’s major approaches, measures

TEHRAN- The managing director of Tehran Stock Exchange (TSE) outlined the exchange’s major approaches and policies in a press conference on Wednesday.

FTA with EAEU to improve Iran’s economic indicators: official

TEHRAN – The head of Iran Chamber of Cooperatives has said the Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU) is going to increase export-oriented production and consequently improve the country’s economic indicators.

Manufacturing of heavy vehicles up 21% in 9 months yr/yr

TEHRAN – The production of heavy vehicles including trucks, mini-trucks, and tractors increased by 21 percent in the first nine months of the current Iranian calendar year (March 21-December 21, 2023) as compared to the same period in the previous year.

70% of Iran’s medical equipment produced domestically

TEHRAN – The head of Iran’s Union of Medical Equipment Manufacturers and Exporters has said 70 percent of the medical equipment used in the country is made by domestic producers, IRIB reported.

TSE, IFB among world’s top exchanges in 2023: WFE

TEHRAN - The latest data released by the World Federation of Exchanges (WFE) show that in the first 10 months of 2023, the value of the world's stock markets had an upward trend, and the Tehran Stock Exchange (TSE) and the Iran Fara Bourse (IFB) were among the most profitable stock exchanges in the world.

Good plans underway to develop power plants across Iran: energy minister

TEHRAN – Iranian Energy Minister Ali-Akbar Mehrabian has said that his ministry is following good plans for developing the country’s power plants, Fars News Agency reported.

Iran, Azerbaijan launch cross-border bridge to ease transit of goods

TEHRAN - Iran and Azerbaijan inaugurated a cross-border bridge over the Astarachay River to facilitate transit of goods between the two countries.

Petchem output rises 8% in 8 months yr/yr

TEHRAN – Iran’s petrochemical production in the first eight months of the current Iranian calendar year (March 21-November 21) has risen eight percent compared to the same period of time in the past year, according to the secretary-general of Iran's Association of Petrochemical Industry Corporation (APIC)