Poland calls for a roadmap to expand trade ties with Iran

TEHRAN – Polish ambassador in Tehran called for creating a clear roadmap for restoring trade relations with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Steel exports by major producers up 8% in 7 months on year

TEHRAN- Exports of steel by ten major producers in Iran hit 4.049 million tons in the first seven months of the current Iranian calendar year (March 21-October 22), up eight percent compared to the same period of time in the past year, IRNA reported on Wednesday.

France seeking a formula to remove Iran sanctions barrier: envoy

TEHRAN – French Ambassador to Tehran Philippe Thiebaud said his country is seeking a formula to remove the barriers created by the U.S. sanctions in the way of trade with Iran, portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

By Mahnaz Abdi

Tax exemptions in FTZs under debate

Development of existing free trade zones (FTZs) and establishment of new FTZs is currently one of the major economic approaches of Iran and in a bid to attract more investments to these zones Iranian government offers various incentives to the investors.

‘Plan for rationing subsidized gasoline to be finalized in a week’

TEHRAN – Iran’s government spokesman Ali Rabiei said on Wednesday the details of a government plan for rationing subsidized gasoline will be finalized by the next week, Tasnim news agency reported.

3rd platform of SP phases 22-24 installed

TEHRAN- Platform SPD-23, which is the third platform of the phases 22, 23, 24 of South Pars gas field (in the Persian Gulf) development project was installed at its designated offshore place in phase 23, on Tuesday.

Iran to hold over 6% share of world’s petchem production by 2025

TEHRAN - Head of Iran’s National Petrochemicals Company (NPC) says by the Iranian calendar year of 1404 (starts in March 2025) Iran’s petrochemical industry will be accounting for 6.2 percent of the total global petrochemical output.

Syria ready to provide facilities to Iranian companies: envoy

TEHRAN - Syrian ambassador to Tehran expressed his country’s readiness for providing facilities to Iranian companies which contribute to Syria’s reconstruction, IRNA reported on Tuesday.

Copper projects worth €2.5b underway across Iran

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani said €2.5 billion worth of projects in the copper industry are underway across the country including Kerman, Yazd and East Azarbaijan provinces, IRNA reported on Tuesday.

TEDPIX gains 2,711 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 2,711 points to 306,655 on Tuesday, IRNA reported.

Oil ministry inks 26 major research-based deals with universities

TEHRAN – Iranian deputy oil minister for engineering, research and technology affairs said the ministry has signed 26 major deals with the country’s universities, IRNA reported.

Iran accounts for 62% of Middle East's crude steel output

TEHRAN – Iranian industry, mining and trade minister said on Monday that the country holds a 62-percent share of the Middle East’s total crude steel production and it is planning to further increase this share, Shata reported.

Rouhani inaugurates several development projects in southeastern province

TEHRAN- Iranian President Hassan Rouhani inaugurated several development projects in the southeastern province of Kerman on Monday, IRNA reported.

‘Trade agreement with EAEU a new important experience for Iran’

TEHRAN- Head of Iran’s Trade Promotion Organization (TPO) said that the trade agreement with the Eurasian Economic Union (EAEU) is a new and important experience for his country in the field of trade and economy.

Iran’s next budget bill won’t be biennial: PBO head

TEHRAN - Head of Iran’s Planning and Budget Organization (PBO) said the next year’s budget plan is not going to be biennial as it was previously reported.

BY: Ebrahim Fallahi

Details of Iran’s newly discovered oil reservoir unveiled

TEHRAN –Iranian Oil Minister Bijan Namdar Zanganeh briefed the press on the details of the newly discovered 53-billion oil reservoir in an unveiling ceremony in Tehran on Monday.

ICCIMA to dispatch trade delegation to Tashkent in mid-Dec.

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will dispatch a trade delegation to Uzbekistan’s capital city of Tashkent from December 11 to 13 concurrent with the 13th meeting of Iran-Uzbekistan Joint Economic Committee.

Industry ministry following 34 programs to promote production

TEHRAN - Iran’s Ministry of Industry, Mining and Trade is implementing 34 executive programs for promoting domestic production across the country in the current Iranian calendar year (began on March 21), ILNA reported on Monday, quoting the industry minister.

Iran hosting 7th UIC Next Stations Conference

TEHRAN- Islamic Republic of Iran Railways (known as RAI) is hosting the 7th UIC Next Stations Conference in Tehran from November 11 to 13, IRNA reported.

TEDPIX down 3,063 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 3,063 points to 302,795 on Sunday, IRNA reported.

Iranian private sector ready to improve Syria’s power grid

TEHRAN - Deputy head of Iran Electrical Industry Syndicate said Iranian private companies are ready to help Syria reduce losses in the country’s electricity grid, IRNA reported on Sunday.

Iran inks MOU with Russia, Kazakhstan for temporary imports of wheat

TEHRAN- Iran signed a memorandum of understanding with Russia and Kazakhstan for temporary imports of wheat from those countries, Iranian deputy agriculture minister announced on Sunday.

President inaugurates major development projects in central province

TEHRAN- Iranian President Hassan Rouhani inaugurated some major development projects in the central province of Yazd on Sunday, IRNA reported.

BY: Ebrahim Fallahi

Is OPEC stuck in a cycle of endless cuts?

TEHRAN – In its latest annual World Oil Outlook (WOO) report, published last week, the Organization of the Petroleum Exporting Countries (OPEC) predicted its oil production and market share to fall in the years to come.

New oil field with 53b barrels of reserve discovered in Iran

TEHRAN – Iranian President Hassan Rouhani announced on Sunday the discovery of a major oil field with an estimated in-place reserve of 53 billion barrels in southwestern Khuzestan province, Shana reported.

By Mahnaz Abdi

Establishment of trade offices abroad on agenda

It has been proven that the U.S. cannot achieve its target of driving Iran’s oil exports to zero, but there is no doubt about Trump administration’s maximum pressure strategy toward Iranian economy.

Value of trades at IME rises 47% in a week

TEHRAN- During weekdays ended on November 7, while 597,258 tons of commodities worth over $619 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 35 percent and 47 percent, respectively.

No worries over stable gas supply during cold season: NIGC

TEHRAN - National Iranian Gas Company (NIGC)’s dispatching director said with the recent increases in South Pars gas field output and new lines and pressure boosting units going on stream along the national gas network, NIGC is ready for sustainable gas supply during the cold season.

Khazaie appointed as secretary general of ICC Iran committee

TEHRAN – Mohammad Khazaie was appointed as the new secretary general of Iranian committee of International Chamber of Commerce (ICC), the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Saturday.

Iran’s Q2 foreign investment up 20% on year

TEHRAN – Iranian finance and economic affairs minister said the foreign investment attracted into the country during the current year’s summer period (June 22-September 22) increased by 20 percent compared to the last year’s same period, ILNA reported on Saturday.