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2021-04-20 16:03
Bulgarian companies eager for entering Iranian market
TEHRAN – Bulgaria’s Ambassador to Tehran Nikolina Kuneva in a meeting with the Head of Tehran Chamber of Commerce, Industries, Mining and Agriculture (TCCIMA) Masoud Khansari said her country’s companies are eager for cooperation with their Iranian counterparts.
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2021-04-20 15:39
Iran launches plan to produce 14m cellphones, tablets in 5 years
TEHRAN - Iran's Deputy Minister of Information and Communications Technology (ICT) Sattar Hashemi has announced the launch of a five-year plan for the domestic production of 14 million cellphone and tablets.
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2021-04-20 13:24
Over $30b worth of state-owned properties privatized in a year
TEHRAN- Iranian Finance and Economic Affairs Ministry announced that over 1.27 quadrillion rials (about $30.2 billion) worth of government properties and assets have been transferred to the private sector during the past Iranian calendar year (ended on March 20), IRIB reported.
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2021-04-20 13:24
Iran joins world’s top 5 steam turbine builders
TEHRAN – Iranian President Hassan Rouhani on Tuesday unveiled the country’s first domestically-made steam turbine rotor which is installed in a power plant in the capital Tehran, IRNA reported.
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2021-04-19 16:07
Iran puts 21% rise in annual foreign trade on agenda
TEHRAN – Head of Iran’s Trade Promotion Organization (TPO) said the country has put a 21-percent rise in foreign trade on the agenda for the current Iranian calendar year 1400 (started on March 21), IRNA reported.
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2021-04-19 13:04
Power of Hope program boosts number of low consuming subscribers by 4%
TEHRAN- Iranian Energy Ministry's Spokesman for Electricity Industry Mostafa Rajabi Mashhadi announced that the implementation of the “Power of Hope” program has increased the number of low consuming subscribers by four percent.
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2021-04-19 12:49
Italian companies eager for return to Iranian market
TEHRAN - Chairman of Iran-Italy Joint Chamber of Commerce Ahmad Pourfallah has said Italian companies are still eager to engage in trade with Iran and are preparing to return to the Islamic Republic, ILNA reported on Monday.
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2021-04-19 12:49
Iran, Serbia stress expansion of agricultural trade co-op
TEHRAN - Iranian Agriculture Minister Kazem Khavazi, in a meeting with Serbia’s Foreign Minister Nikola Selakovic on Sunday, has stressed the need to expand trade and agricultural relations between the two countries.
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2021-04-18 15:34
Tehran to host EAEU exclusive expo in mid-May
TEHRAN – Head of Iran’s Trade Promotion Organization (TPO) has said an exclusive exhibition of Eurasian Economic Union (EAEU) member states’ economic capabilities is planned to be held in Tehran on May 17.
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2021-04-18 15:18
By Ebrahim Fallahi
How can govt. really support stock market?
TEHRAN - Unprecedented fluctuations in the Iranian stock market over the past few months have led shareholders, experts, and scholars to call for the government to increase its support for the market, some shareholders want the government to guarantee the return of their stocks, some believe providing infrastructure is the best way to help this market.
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2021-04-18 13:38
Annual aluminum ingot production up 61%
TEHRAN - Production of aluminum ingot in Iran rose 61 percent during the previous Iranian calendar year 1399 (ended on March 20) compared to the figure for the preceding year.
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2021-04-17 17:39
India stresses fulfilling commitments for developing Chabahar
TEHRAN - Indian Minister of Ports, Shipping and Waterways Mansukh Mandaviya has emphasized his country’s determination for fulfilling its commitments for the development of Iran’s southeastern Chabahar Port, IRNA reported.
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2021-04-17 17:23
Commodities worth $435m traded at IME in a week
TEHRAN- During the past Iranian calendar week (ended on Friday), 18,000 tons of commodities valued at $435 million were traded at the Iran Mercantile Exchange (IME), showing 36 percent and seven percent growth in value and volume of trades, respectively, as compared to its previous week.
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2021-04-17 17:04
Five new commercial attachés appointed
TEHRAN - Iran has appointed five new commercial attachés to be dispatched to the country’s major trading partners in the near future, the head of the country’s Trade Promotion Organization (TPO) announced.
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2021-04-17 16:31
Industry Ministry’s indigenization plan realized by 110%
TEHRAN – Head of the Domestic Production Center of Iran’s Ministry of Industry, Mining and Trade said the program for indigenizing the knowledge for the production of major industrial equipment has been realized by 110 percent in the previous Iranian calendar year (ended on March 20).
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2021-04-16 15:56
IMF revises estimates of Iran’s reserves following CBI objection
TEHRAN - The International Monetary Fund (IMF) has revised its estimate of Iran’s total gross official reserves to $115 billion, following the Central Bank of Iran (CBI)’s objection about the fund’s incorrect estimates of the mentioned index.
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2021-04-16 15:56
Nearly $4b paid to SMEs, semi-finished projects in a year
TEHRAN - Iran’s Ministry of Industry, Mining and Trade’s data show that 167 trillion rials (nearly $3.97 billion) has been paid to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with an over 60 percent physical progress during the previous Iranian calendar year (ended on March 20).
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2021-04-16 14:52
Major petchem catalyst production units launched in Iran
TEHRAN - Iranian President Hassan Rouhani on Thursday ordered the official inauguration of two major petrochemical catalyst production projects worth about $10 million in central Markazi Province via videoconference.
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2021-04-14 15:31
Iran capable of boosting electricity exchange with neighbors to 10GW
TEHRAN – Iranian Energy Minister Reza Ardakanian has said the country is capable of boosting its electricity exchange with the neighboring countries to 10,000 megawatts (10 gigawatts), IRNA reported on Wednesday.
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2021-04-14 15:30
Iranian heavy crude oil price rises 6% in March: OPEC
TEHRAN- Iranian heavy oil price increased $3.64 in March to register a six-percent rise compared to the previous month, according to OPEC’s latest monthly report published on Tuesday.
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2021-04-14 12:54
Exclusive exhibit of Iranian products to be held in Erbil in mid-June
TEHRAN- An exclusive exhibition of Iranian products will be held in Erbil of Iraqi Kurdistan during June 9-12, the head of Trade Promotion Organization of Iran (TPO)’s Arab and African office announced.
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2021-04-13 15:00
Growth returns to stock market
TEHRAN- After several days of drops, TEDPIX, the main index of Tehran Stock Exchange (TSE), climbed on Tuesday.
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2021-04-13 14:56
Over 7m tons of goods transited through Iran in a year
TEHRAN – Some 7.532 million tons of commodities were transited through Iran in the previous Iranian calendar year (ended on March 20) despite the restrictions created by the coronavirus pandemic, the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.
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2021-04-13 12:19
By Ebrahim Fallahi
Lion-dragon alliance: a serious threat to U.S. influence in region
TEHRAN – The signing of a 25-year cooperation document between Iran and China has become the subject of debate by many political and economic experts and scholars and even ordinary people all over Iran.
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2021-04-12 16:59
By Mahnaz Abdi
Gas supply noticeably successful during winter
TEHRAN- Despite the unprecedented increase in natural gas consumption in the country, the gas industry was able to register a record high in terms of gas supplying during the peak consumption period in winter.
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2021-04-12 15:35
Domestic production of industrial equipment saves Iran over $3.5b in a year
TEHRAN - Relying on domestic production has saved Iran $3.5 billion during the previous Iranian calendar year (ended on March 20), Iran's Deputy Industry, Mining, and Trade Minister Mehdi Sadeqi Niaraki announced.
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2021-04-12 14:39
Iran planning to export electricity to Oman
TEHRAN - Iranian Energy Ministry's Spokesman for Electricity Industry Mostafa Rajabi Mashhadi said the country is pursuing a plan for exporting electricity to the southern Arab neighbor Oman through the sea, ILNA reported.
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2021-04-11 16:35
Efficiency of Iran’s thermal power plants reaches new record high
TEHRAN - The efficiency of Iran’s thermal power plants has reached a new record high of 39 percent for the first time in the history of Iran’s electricity industry, IRIB reported on Sunday quoting the managing director of the country’s Thermal Power Plants Holding Company (TPPH).
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2021-04-11 14:46
By Mahnaz Abdi
Iran records great annual performance in oil refining, distributing
While the past Iranian calendar year (ended on March 20) was a difficult time for Iran’s oil sector, which is the country’s major source of income, some great performance was witnessed in terms of refining and distribution of oil and oil products.
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2021-04-11 14:24
Annual plan for tax income realized by 107%
TEHRAN - Iran managed to collect 1.92 quadrillion rials (about $45.7 billion) of tax revenues during the past Iranian calendar year of 1399 (ended on March 20), showing that the country’s annual tax income plan has come true by 107 percent, according to Finance and Economic Affairs Minister Farhad Dejpasand.