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2021-08-30 13:53
Production by major automakers exceeds 345,000 in 5 months
TEHRAN - Three major Iranian carmakers, namely Iran Khodro Company (IKCO), SAIPA Group, and Pars Khodro, manufactured 345,392 vehicles during the first five months of the current Iranian calendar year (March 21-August 22), the data released by Codal website showed.
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2021-08-29 15:12
Average daily gasoline consumption stands at 83.4m liters in a month
TEHRAN- The average daily consumption of gasoline in Iran stood at 83.4 million liters during the fifth Iranian calendar month Mordad (July 23- August 22).
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2021-08-29 15:00
Issuance of industrial unit establishment permits up over 13% in 4 months
TEHRAN – According to the latest data released by Iran’s Industry, Mining and Trade Ministry, during the first four months of the current Iranian calendar year (March 21-July 22) 2,169 permits have been issued for establishing new industrial units in the country, which marked a 13.3-percent increase year on year.
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2021-08-29 14:59
Mining projects worth $1.9b to be put into operation by next March
TEHRAN – Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Vajihollah Jafari announced that 30 projects worth $1.916 billion in the mines and mining industries will be inaugurated across the country by the end of the current Iranian calendar year (March 20, 2022).
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2021-08-28 15:42
Iran’s non-oil trade rises 38% in 5 months yr/yr
TEHRAN - The value of Iran’s non-oil trade rose 38 percent during the first five months of the current Iranian calendar year (March 21-August 22) as compared to the same period of time in the past year, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
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2021-08-28 15:13
By Ebrahim Fallahi
Promoting domestic production in industry, mining sectors seriously pursued
TEHRAN – Developing domestic production and cutting reliance on external sources for meeting the country’s needs have become one of the main priorities of the Iranian government over the past few years, and especially since the re-imposition of the U.S. sanctions in 2018.
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2021-08-28 14:04
Capital market under spotlight as new economy minister takes office
TEHRAN – Iran’s new Minister of Finance and Economic Affairs Ehsan Khandouzi has underlined the capital market as one the major priorities of his ministry during his tenure, outlining the programs for improving this market.
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2021-08-27 15:29
Transport Ministry to pursue National Housing Action Plan
TEHRAN – Iran’s newly appointed Transport and Urban Development Minister Rostam Qassemi said his ministry will strongly pursue the National Housing Action Plan during his tenure, IRNA reported.
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2021-08-27 15:08
Supporting govt., economic growth major priorities of Economy Minister
TEHRAN - Iran’s new Minister of Finance and Economic Affairs Ehsan Khandouzi has said financing the government and ensuring economic growth are the main priorities of the ministry during his tenure, IRNA reported.
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2021-08-27 14:16
Fatemi Amin sets short term priorities for Industry, Mining and Trade Ministry
TEHRAN - The newly approved Industry, Mining and Trade Minister Seyyed Reza Fatemi Amin has set his short-term priorities for the ministry on the first day of his office on Thursday.
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2021-08-27 14:04
Oji outlines plans for Oil Ministry
TEHRAN - New Iranian Oil Minister Javad Oji has outlined his plans for the Oil Ministry in the first official meeting with his deputies on Thursday, Shana reported.
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2021-08-25 14:23
Private sector puts 1st high-efficiency power plant in operation
TEHRAN - The manager of Iranian Thermal Power Plants Holding (TPPH)’s private power plants program announced the beginning of the commercial operation of the first private sector high-efficiency F-class power plant in the country.
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2021-08-25 13:54
Iran launches aviation industry research institute
TEHRAN – Iran’s first research institute of aviation industry has been officially launched, the Iranian Atmospheric Science and Meteorological Research Center (ASMERC)’s office of public relations announced.
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2021-08-25 10:44
Real estate stock exchange to be set up in IME in H2
TEHRAN- Real estate stock exchange to trade lands and houses will be set up in Iran Mercantile Exchange (IME) in the second half of the current Iranian calendar year (September 22, 2021-March 20, 2022), deputy transport and urban development minister announced.
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2021-08-24 15:28
Chabahar port becomes permanent member of World FZO
TEHRAN – The World Free Zones Organization (World FZO) has approved Chabahar port in southeastern Iran to become a permanent member at this organization, IRNA reported on Tuesday.
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2021-08-24 14:18
RIPI to conduct over $142m of research projects in upstream oil industry
TEHRAN – Iranian Research Institute of Petroleum Industry (RIPI) has it on the agenda to conduct over six trillion rials (about $142.8 million) worth of research projects in various upstream areas, including exploration, drilling, production, and enhancing recovery factor of the fields, an official with the institute announced.
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2021-08-24 14:17
Iran’s export to Syria increases 36% in 4 months on year
TEHRAN- The chairman of Iran-Syria Joint Chamber of Commerce said that the value of Iran’s export to Syria has risen 36 percent in the first four months of the current Iranian calendar year (March 21-July 22), as compared to the same period of time in the past year.
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2021-08-23 16:50
By Mahnaz Abdi
Offering cement on commodity exchange, a right decision?
The market of cement, which is one of the most important constructional materials, has witnessed huge turmoil in Iran in the past three months, that has been unprecedented in the history of production and consumption of this product.
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2021-08-23 15:28
Tehran, Tokyo ink agreement on customs co-op
TEHRAN – Iran and Japan have signed an agreement on customs cooperation, ILNA reported on Sunday.
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2021-08-23 13:49
Trade between Iran, Afghanistan getting back to normal
TEHRAN – Iran, and Afghanistan have resumed trade exchanges as the tension in Kabul has eased, IRIB reported on Monday, quoting the spokesman of the Islamic Republic of Iran Customs Administration (IRICA).
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2021-08-22 16:05
Numerous development projects to be inaugurated in ‘Government Week’
TEHRAN - On the occasion of Government Week (August 24-30), several development projects in different sectors including water, agriculture, infrastructure, and electricity are set to go operational across Iran.
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2021-08-22 13:33
Smart irrigation systems to be implemented in 5,000 hectares of farmlands
TEHRAN - Following the Iranian Agriculture Ministry’s smart irrigation systems development program, the ministry plans to equip 5,000 hectares of farmlands with smart irrigation systems in the current Iranian calendar year (started on March 21), the ministry’s project manager for the mentioned program said.
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2021-08-22 13:22
Agricultural export up 9% in 4 months on year
TEHRAN- The value of Iran’s export of agricultural products has risen nine percent during the first four months of the current Iranian calendar year (March 21-July 22), as compared to the same period of time in the past year, the deputy head of Islamic Republic of Iran Customs Administration (IRICA) announced on Saturday.
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2021-08-21 13:50
Domestic production of equipment saves Iranian gas industry €250m
TEHRAN – Head of the National Iranian Gas Company (NIGC) has said the indigenization of the knowledge for the production of gas industry equipment has saved the country over 250 million euros in the past few years, Shana reported.
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2021-08-21 13:38
Iran’s July oil output rises 28% year on year: OPEC
TEHRAN - Iran produced 2.485 million barrels per day (bpd) of crude oil in July, registering a 28 percent increase compared to the same month in 2020, according to OPEC’s latest monthly report published on August 12.
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2021-08-21 11:20
Gasoline, gas oil export drops in 4 months year on year
TEHRAN- Iran’s export of gasoline and gas oil seems to have been dropped in the first four months of the current Iranian calendar year (March 21-July 22), as compared to the first period of time in the past year, according to a member of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA).
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2021-08-21 11:04
Iran-Turkey annual trade anticipated to reach $10b by next March
TEHRAN- The head of Iran-Turkey Joint Chamber of Commerce stated that the value of bilateral trade between the two countries is forecast to reach $10 billion in the current Iranian calendar year (ends on March 20, 2020).
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2021-08-14 16:25
Bank loans to economic sectors up over 280% in 4 months yr/yr
TEHRAN - Iranian banking system has paid 7.01 quadrillion rials (over $166.9 billion) of facilities to domestic economic sectors in the first four months of the current Iranian calendar year (March 21-July 22), registering a 280.4 percent rise from the figure for the same period in the previous year.
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2021-08-14 16:25
Jask oil terminal’s offshore pipeline completed
TEHRAN - The construction of the offshore oil pipeline of the Jask crude oil export terminal has been completed, the operator of Jask oil terminal project in southern Iran announced.
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2021-08-14 13:16
Annual transit of goods via Iran anticipated to hit 11m tons by next March
TEHRAN- Transit of goods via Iran is forecast to reach 11 million tons in the current Iranian calendar year (to end on March 20, 2022), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.