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.

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.

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.

Iran’s intl. auto parts exhibition hosting 80 foreign companies

TEHRAN - Tehran Permanent International Fairgrounds is hosting 700 Iranian and 80 foreign companies from nine countries in the 14th Iran International Auto Parts Exhibition during November 9-12, IRIB reported.

Trade agreement with EAEU officially declared to Iranian customs

TEHRAN - Implementation of the free trade agreement between Iran and Eurasian Economic Union (EAEU) was officially notified to customs offices across Iran, IRIB reported on Thursday.

NIOC to revise regulations of oil offering at IRENEX

TEHRAN – National Iranian Oil Company (NIOC) has once again decided to revise the regulations pertain to the offering of oil at the country’s energy exchange (IRENEX), IRNA reported on Friday, quoting an NIOC official.

Belgian trade delegation to visit Tehran in late-Nov.

TEHRAN – A trade delegation from Belgium’s Wallonia region is scheduled to visit Iran on November 30, to discuss economic cooperation with Iranian counterparts, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) reported.

Iran, Azerbaijan stress expansion of trade ties

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani and Azerbaijan Republic’s Deputy Prime Minister Shahin Mustafayev stressed expansion of trade ties between the two countries on the sidelines of the Shanghai international expo in China.

Tehran, Shanghai stock exchanges ink MOU

TEHRAN – Tehran Stock Exchange (TSE) signed a memorandum of understanding (MOU) with Shanghai Stock Exchange (SSE) for expansion of mutual cooperation, IRNA reported on Monday.

Iran, Armenia discuss boosting energy trade

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh met with Armenian Minister of Territorial Administration and Infrastructure Suren Papikyan on Sunday to discuss boosting gas exports to the country in return for importing more electricity, Shana reported.

‘32 European SMEs ready to enter Iran’s oil industry’

TEHRAN - Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)’s energy committee says 32 European small and medium-sized enterprises (SMEs) have expressed readiness for participation in Iran’s oil and gas projects.

Energy, labor ministries team up for $4.5b job creation plans

TEHRAN – The Ministry of Energy and the Ministry of Cooperatives, Labor, and Social Welfare have signed a memorandum of understanding (MOU) for implementing projects worth 192.81 trillion rials (about $4.59 billion) aimed to create 23,600 job opportunities across the country.

ICCIMA ready to set up trade offices abroad

TEHRAN - Head of Iran's Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafei said the chamber is ready to establish five trade offices in five countries to boost the private sector’s role in the national trade.

Number of knowledge-based participants in IEE 2019 rises fourfold

TEHRAN – Iranian Deputy Energy Minister Homayoon Haeri said the presence of knowledge-based companies in the 19th Iran International Electricity Exhibition (IEE 2019) has increased fourfold compared to last year’s event.

Red meat production down 22% in summer

TEHRAN- Production of red meat in Iran has dropped 22 percent during this year’s summer compared to the same season in the previous year, Statistical Center of Iran (SCI) has announced.

Trade between Iran, EU at nearly €3.5b in 8 months

TEHRAN- The trade between Iran and European Union countries during the first eight months of 2019 stood at €3.471 billion, Tasnim news agency reported.

Bank loans to economic sectors up 26% in H1

TEHRAN- Iranian banking system has offered 3.821 quadrillion rials (about $90.97 billion) to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-Spetember 22), registering a 26-percent rise from the previous year’s same period, IRNA reported.

Armenia eyes expansion of electricity co-op with Iran

TEHRAN – Armenian minister of territorial administration and infrastructure said Iran could act as an electricity hub in the region to connect Armenia to other nations like Iraq, ILNA reported on Saturday.

Iran, Syria ink MOU on electricity co-op

TEHRAN – Iran and Syria signed a memorandum of understanding (MOU) on Saturday for expansion of cooperation in the electricity sector, IRNA reported.

Exports of oil products to Iraq continues despite unrest: OPEX

TEHRAN – Spokesman of Iranian Oil, Gas and Petrochemical Products Exporters' Union (OPEX) said the country continues exporting oil products to Iraq despite the unrest in the Arab country, IRNA reported.

Iron ore concentrate output exceeds 17m tons in H1

TEHRAN- Production of iron ore concentrate in Iran during the first six months of the current Iranian calendar year (March 21 – September 22) reached 17.408 million tons, IRNA reported on Thursday.

Kish Island hosting intl. building industry exhibition

TEHRAN - The 15th International Civil and Building Industry Exhibition (Kish Buidex 2019) kicked off on Wednesday in Kish Island in southern Iran, IRNA reported.

IMIDRO carries out mining excavation on 102,000 sq.m of land

TEHRAN - Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) carried out mining excavation work on 102,000 square meters of land across the country in the past Iranian calendar year (ended on March 20, 2019), IRNA reported.

Offering oil at IRENEX continues: NIOC

TEHRAN – National Iranian Oil Company (NIOC)’s representative in Iran Energy Exchange (IRENEX) said that the company will continue offering oil at IRENEX after a few week of hiatus due to technical problems.

Tehran to host Iran-Armenia business forum in late Nov.

TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) is planning to hold an Iran-Armenia business forum on November 25 in Tehran, TCCIMA portal announced.

Sanctions to have no additional impacts on Iran's economy in 2020: IMF

TEHRAN - Director of the International Monetary Fund (IMF)'s Middle East and Central Asia Department said U.S. sanctions are not going to have any new major impacts on Iran’s economy in the upcoming year.

ICCIMA to dispatch delegation to Pakistan in mid-Nov.

TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will be heading a trade delegation on a visit to Pakistan on November 13, the portal of ICCIMA reported.

Iran, China ink MOU for agricultural co-op

TEHRAN - The Agricultural Research, Education, and Promotion Organization of Iran signed a memorandum of understanding (MOU) with China's Yunnan Academy of Agricultural Sciences, for cooperation in agricultural sector, IRNA reported.