New trading codes issuance up 45% since March

TEHRAN- The number of trading codes issued in Tehran Stock Exchange (TSE) has increased 45 percent since the beginning of current Iranian calendar year (March 21) compared to the same period of time in the previous year, TSE spokesman Hamid Rouhbakhsh told IRIB on Monday.

Water, power projects worth $5.7b offered to private sector

TEHRAN- Some 46 power and water projects at the value of 243 trillion rials (about $5.7 billion) were offered to the private sector during a ceremony attended by Iranian Vice President Es’haq Jahangiri on Tuesday.

Banking arrears of govt. up 22.4% in a month on year

TEHRAN- Debts of the Iranian government and state-run companies to the banking system hit 2.83 quadrillion rials (about $67.3 billion) in the fourth month of the present Iranian calendar year, Tir (June 22, July 22, 2018), according to the latest report of the Central Bank of Iran (CBI).

Liquidity at above $381b in a month

TEHRAN- Iran’s liquidity stood at 16.02 quadrillion rials (about $381.4 billion) during the fourth month of the present Iranian calendar year, Tir (June 22, July 22, 2018), according to a report released by the Central Bank of Iran (CBI).

‘No need for wheat import by next year’

TEHRAN- Iran has been self-reliance in wheat production over the past three years and there is also no need for importing the grain by the next year, Kaveh Zargaran, the chairman of the Agricultural Committee at the Tehran Chamber of Commerce Industries, Mines and Agriculture (TCCIMA), announced.

Winners of 2nd ‘League of Stock Market Stars’ announced

TEHRAN- The top teams in the second ‘League of Stock Market Stars’ of Iran were announced in a ceremony on Sunday, IRIB reported.

Iran, Mongolia discuss expansion of trade ties

TEHRAN – Mojtaba Khosrotaj, the head of Iran’s Trade Promotion Organization (TPO), met with Mongolian Deputy Foreign Minister Battsetseg Batmunkh in Tehran on Sunday to discuss ways of expanding trade ties, the portal of TPO reported.

Iran’s specialized exports expo to be held in Côte d’Ivoire

TEHRAN- Iran will hold a specialized exports exhibition in Abidjan, the capital city of Côte d’Ivoire, from November 22 to 24.

Iran to set up pavilion in Oman’s infrastructure, industrial projects expo

TEHRAN- Iran will set up a pavilion in Oman’s 8th International Exhibition for Infrastructure and Industrial Projects (Infra Oman 2018) which is planned to be held in Oman Convention and Exhibition Center in Muscat from October 8 to 10, Trade Promotion Organization (TPO) of Iran announced.

A new record registered for TEDPIX

TEHRAN- Gaining 2,605 points to stand at 142,234 points, Tehran Stock Exchange (TSE)’s main index (TEDPIX) registered a new record on Sunday, IRNA reported.

India seeking to double bilateral trade with Iran within 5 years

TEHRAN - Indian Commerce and Industry Minister Suresh Prabhu has proposed on Friday to double bilateral trade with Iran in the next five years, Economic Times reported quoting an official.

‘Iran won’t refund Total’s investment in South Pars project until it’s operational’

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran will refund French oil and gas major Total’s investments in the phase 11 of South Pars gas field but not until the project becomes operational, Shana reported on Saturday.

Iran to set up pavilion in Oman Health Exhibition in late Sept.

TEHRAN- Iran will set up a pavilion in the 8th Oman Health Exhibition which will take place in New Oman Convention & Exhibition Center in Muscat from September 24 to 26, Trade Promotion Organization (TPO) of Iran announced.

Pakistan determined to boost Iranian economic ties

TEHRAN- Federal Minister for Finance, Revenue, and Economic Affairs of Pakistan Asad Umar announced his country’s firm decision to develop economic ties with Iran, IRNA reported on Saturday.

Iran joins hand with Russia, Turkey to dump dollar in trade

TEHRAN – Iran has discussed trade in national currencies with Russia and Turkey in order to reduce the impact of U.S. dollar on the three countries’ trade and economies, ILNA reported on Saturday quoting Central bank of Iran (CBI) Governor Abdolnaser Hemmati.

Japan chamber of commerce prepared to expand trade ties with Iran

TEHRAN- Japan Chamber of Commerce and Industry (JCCI) is ready to develop economic and trade ties with Iran, according to its chairman, Akio Mimura.

U.S.-Iran trade sextuples in July

TEHRAN- While the U.S. imposed a new round of sanctions on Iran's trade in precious metals, transactions in U.S. dollar, as well as Iran's auto sector in August and oil exports sanctions are to arrive in the early November, the American Statistical Association (ASA) reported that in July 2018, Iran-U.S. trade reached $60.7 million increasing six times more than the figure, $10.2 million, in the same period in 2017.

Iran an influential member of IMO: secretary general

TEHRAN- Iran is one of the most influential members of the International Maritime Organization(IMO) and is always supporting this organizations’ activities, IMO Secretary General Kitack Lim said on Saturday.

China's Iranian crude imports seen to have peaked at 874,000 b/d in Aug.

China's crude imports from Iran are likely to have peaked in August at 874,000 b/d ahead of the looming re-imposition of U.S. sanctions in November, according to S&P Global Platts' trade tracker cFlow.

54 Iranian companies attending 60th Damascus Intl. Fair

TEHRAN- Some 54 well-known Iranian companies are taking part at the 60th Damascus International Fair, Iranian ambassador to Syria told IRNA.

IMO secretary general to arrive in Tehran today

TEHRAN- International Maritime Organization(IMO) Secretary General Kitack Lim will arrive in Tehran on Saturday to attend a ceremony to mark the 70th anniversary of the establishment of the organization, as announced by the head of Iran’s Ports and Maritime Organization (PMO).

Tehran hosting intl. poultry, livestock exhibition

TEHRAN- The 17th International Exhibition of Poultry, Livestock, Dairy, and Related Industries (IRANPLEX 2018) is being held in the Iranian capital from September 6 to 9, IRIB reported.

South Pars platform 14C installed on offshore spot

TEHRAN-Platform 14C of Iran’s South Pars gas field (in the Persian Gulf), which had been loaded at Sadra industrial yard in the southwestern province of Bushehr on September 1, was installed on its designated offshore spot on Wednesday, Shana reported.

68,000 production units active in Iran

TEHRAN- Iranian Deputy Industry Minister Mohsen Salehinia said that there are about 80,000 production units in the country, of which 68,000 units are active, IRNA reported.

Iran, India push for expanding bilateral co-op in ports, transport

TEHRAN – In a meeting on Thursday, Iranian Transport and Urban Development Minister Abbas Akhoundi and Indian Road Transport and Highways Minister Nitin Gadkari stressed the need for further expansion of mutual cooperation.

Iran to set up pavilion in Energy Expo Minsk 2018

TEHRAN- Iran will set up a pavilion in an energy exhibition which will be held in Minsk, the capital city of Belarus, from October 9 to 12, 2018.

TPO to dispatch trade delegation to Oman in early Oct.

TEHRAN- Trade Promotion Organization (TPO) of Iran plans to dispatch a trade delegation to Omani capital Muscat from October 7 to 11, TPO website published.

By Ebrahim Fallahi

Petrochemical industry, a pillar for Iran’s resilient economy

Inaugurating three major petrochemical projects in Assaluyeh petrochemical zone in southwestern Iran was the headline of almost all Iranian energy related and economic news agencies across the country on Monday.

‘Govt. ready to brief MPs about new economic strategies’

TEHRAN- “Government has prepared five new packages and 12 programs to tackle the current economic conditions and is ready to brief the parliament members about them,” government spokesman Mohammad-Baqer Nobakht announced addressing the parliament on Wednesday, IRNA reported.

By Haniyeh Sadat Jafariyeh

Iran, Denmark initiate IP rights co-op

The Iranian Intellectual Property Center and the Danish Patent and Trademark Office inaugurated their three-year close cooperation within the area of intellectual property (IP) rights on Tuesday in a bid to make a closer tie between Iran and Denmark on protection of IP in Iran, to ease attract foreign investments into the Asian country and also improve commercial conditions for foreign as well as Iranian companies in Iran.