Tehran to host intl. hoteling exhibition in late April

TEHRAN – The 2nd international specialized exhibition of hoteling, managing, training, equipment and consumable items (Hotel Expo 2019) is due to be held at Tehran’s Shahr-e-Aftab International Exhibition Center during April 24-26.

Exports from Bushehr rise 24% in a year

TEHRAN- Exports from Iran’s southwestern port province of Bushehr rose 24 percent during the past Iranian calendar year (ended on March 20, 2019), according to the director general of the province’s customs administration.

India ships in 5% more oil from Iran in late 2018 up to March 2019

TEHRAN- Indian refiners’ shipment of Iranian crude oil increased by near five percent through March, Reuters reported citing tanker data obtained from shipping and industry sources.

Iranian oil exports rise to pre-sanctions level: Platts

TEHRAN- Oil exports from Iran have increased significantly in March to once again reach to near pre-sanctions level, S&P Global Platts reported citing shipping and provisional tanker tracking data.

Iranian heavy crude oil price rises $2.78 per barrel in March.: OPEC

TEHRAN- Iranian heavy oil price increased $2.78 in March, according to OPEC’s latest monthly report published on Tuesday.

Mousavi appointed new head of OIETAI

TEHRAN- Seyed Ali-Mohammad Mousavi was appointed as the new head of Organization for Investment, Economic and Technical Assistance of Iran (OIETAI), Shada news agency reported.

By Mahnaz Abdi

A year with positive performance for Iranian exchange markets

Based on the already released reports and data, Iran’s exchange markets witnessed fruitful performances and results in the past Iranian calendar year 1397 (ended on March 20, 2019).

By Ebrahim Fallahi

Worries over global economy outweighs geopolitical factors in setting oil prices

TEHRAN – The upward trend of the oil prices in the market hit a stop point on Tuesday when the International Monetary Fund (IMF), once again, poured cold water on the hopes of oil traders who were getting optimistic about global demand this year.

Japan seeking extension of sanctions waiver to keep buying Iranian oil

TEHRAN – Japan is seeking to convince the U.S. government to extend the waivers on Iran oil sanctions, S&P global Platts reported quoting a Japanese government official as saying on Wednesday.

S. Korea in talks with U.S. to extend waiver for Iranian oil imports

TEHRAN - South Korea is still negotiating with the United States for extending the sanctions waiver on Iranian oil imports, Yonhap reported quoting a Korean government official as saying on Tuesday.

Annual investment in water, electricity industries tops $3.8b

TEHRAN – Iranian energy minister said the investment in the country’s power and water sectors reached over 162.6 trillion rials (over $3.87 billion) in the last Iranian calendar year of 1397 (ended on March 20, 2019), IRNA reported. 

IFX touches a new record high in past Iranian year

TEHRAN- IFX, the main index of Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), touched a new record high in the past Iranian calendar year 1397 (ended on March 20, 2019).

Trade offices to be opened in Iraq, Lebanon, Syria, Turkey

TEHRAN – Iran is going to open business offices in some of the strategic countries in the region including Iraq, Syria, Turkey and Lebanon, IRNA reported on Tuesday quoting the minister of industry, mine and trade.

'U.S. move against IRGC indicates its failure in anti-Iran economic measures'

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati underlined that the U.S. designation of the Islamic Revolution Guards Corps (IRGC) as a ‘terrorist organization’ shows its failure in anti-Iran economic pressures and policies.

Iran’s annual oil revenues exceed $65.8b: CBI

TEHRAN – According to the Central Bank of Iran (CBI)’s latest data, Iran’s revenues from crude oil and oil products exports in the Iranian calendar year of 1396 (March 2017 - March 2018) stood at $65.818 billion.

Iran, Iraq ink MOU on establishment of joint commodity exchange

TEHRAN- Based on an MOU signed between Iran and Iraq, the two neighbors agreed on establishment of a joint commodity exchange, IRNA reported.

IRENEX to hold 8th round of crude oil offering today

TEHRAN- National Iranian Oil Company (NIOC) will offer one million barrels of crude oil at the base price of $63.36 at Iran Energy Exchange (IRENEX) for the eighth time today, ISNA reported.

Industrial, mineral exports rise 8% in 11 months on year

TEHRAN- The value of Iran’s industrial and mineral exports during the eleven-month period from March 21, 2018 to February 19, 2019 rose eight percent compared to the figure of the same time span in the previous year, according to an official at Trade Promotion Organization (TPO).

By Ebrahim Fallahi

Tehran, Baghdad stress developing trade ties in business forum

TEHRAN – Following the visit of a high-ranking Iraqi delegation to Tehran, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted an Iran-Iraq business forum on Sunday.

Iranian, Iraqi ministers confer about energy, economy co-op

During the two-day stay of an Iraqi high-ranking delegation in Iran, the Iraqi ministers met their Iranian counterparts to discuss different areas of cooperation between the two neighbors.

Gasoline consumption in Norouz holidays hits 2b liters

TEHRAN – Iran’s gasoline consumption during the peak demand of the Norouz (Persian New Year) holidays (March 17 – April 5) reached near two billion liters, Tasnim news agency Reported.

‘Iran to unveil production flourishing, budget reform plans in coming days’

TEHRAN - Head of Iran’s Planning and Budget Organization Mohammad Bagher Nobakht announced about unveiling a production and employment flourishing plan as well as a plan for reforming the budget structure in the coming days.

Annual exports of sweets, chocolates can hit $1b: official

TEHRAN- The annual exports of sweets and chocolates from Iran can reach $1 billion, the secretary of Sweets, Chocolates and Grain Products Desk at Iran’s Trade Promotion Organization (TPO), asserted.

By: Ebrahim Fallahi

Optimism growing among oil traders on signs of a tightening market

In the last two weeks, a variety of boosting factors have come together to push the oil prices up to their highest in near six months.

Tehran to host Iran-Iraq business forum

TEHRAN- An Iran-Iraq business forum is planned to be held in Tehran on the sidelines of Iraqi Prime Minister Adil Abdul-Mahdi’s two-day visit to Iran on Saturday and Sunday, IRNA reported.

South Pars annual gas output up 12%

TEHRAN-Production of gas in South Pars gas field (Iran shares with Qatar in the Persian Gulf) rose 12 percent in the past Iranian calendar year 1397 (ended on March 20, 2019) from its previous year, according to the managing director of South Pars Gas Company.

Iran, Croatia ink MOU on private sectors' joint investment

TEHRAN- Iran and Croatia signed a memorandum of understanding on joint investment between private sectors of the two countries, IRIB reported.

Extending OPEC-non-OPEC deal not difficult: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said extending the deal between OPEC and the group of non-OPEC oil producing countries on output cut is not a difficult task, Shana reported.

TSE worth of trades up 106% in a month

TEHRAN- The value of trades at Tehran Stock Exchange (TSE) increased 106 percent in the last month of the past Iranian calendar year, Esfand (February 20 – March 20, 2019 ), Mehr news agency reported.

Iranian energy min. to chair Iran-Afghanistan Joint Economic Committee

TEHRAN- Iranian Energy Minister Reza Ardakanian was appointed as the chairman of Iran-Afghanistan Joint Economic Committee, IRNA reported on Monday.