Inflation expected to decline in next 3 months: SCI

TEHRAN - The Statistical Center of Iran (SCI) expects the inflation rate in the country to experience a downward trend in the first quarter of the coming Iranian calendar year (starts on March 19), IRNA reported on Monday.

Stock market witnesses 16% monthly growth in value of trades

TEHRAN- Iranian stock market experienced a 16-percent growth in the worth of its trades during the past Iranian calendar month of Bahman (January 21-February 19), the Securities and Exchange News Agency (SENA) reported.

Steel products output increases 7% in 11 months yr/yr

TEHRAN- Production of steel products in Iran has risen seven percent during the eleven-month period from March 21, 2019 until February 19, 2020, compared to the same period of time in the previous year, IRNA reported.

Agricultural exports exceed $5b in 11 months

TEHRAN – Iran exported 6.348 million tons of agricultural products worth $5.204 billion in the first 11 months of the current Iranian calendar year (March 21, 2019- February 19, 2020), IRNA reported, quoting the director-general of Agriculture Ministry's Export Promotion Bureau.

Iranian banks to offer facilities to compensate coronavirus economic damages

TEHRAN – Governor of Central Bank of Iran (CBI) said the banking system is going to offer low-interest-rate facilities to more than four million people to compensate the financial damages resulted from the coronavirus outbreak, IRIB reported.

Iran’s 9-month non-oil GDP growth at 1.3%: CBI

TEHRAN – Iran's gross domestic product, excluding the oil sector, has registered a positive growth rate of 1.3 percent in the first nine months of the current Iranian calendar year (March 21 -December 21, 2019), IRIB reported, quoting the governor of Central Bank of Iran (CBI).

Iranian fuel stations disinfected daily against covid-19

TEHRAN – Iranian fuel stations, especially in high-risk areas of the country, are being disinfected on a daily basis to prevent the spread of coronavirus, Shana reported citing the National Iranian Oil Refining and Distribution Company (NIORDC).

By Payman Yazdani

Reducing oil price would benefit Russia to influence U.S. oil export: energy expert

TEHRAN– Omid Shokri believes that Russia's disagreement with cuts in OPEC Plus production could be a good opportunity for Moscow to influence US oil exports.

Commodities worth $547m traded at IME in a week

TEHRAN- Some 417,013 tons of commodities valued at $547 million were traded at Iran Mercantile Exchange (IME) during the past Iranian calendar week (ended on Friday).

‘We should mobilize all capacities to pass current condition’

TEHRAN- Referring to the special condition created in the country because of the coronavirus outbreak, Iranian Industry, Mining and Trade Minister Reza Rahmani said, “We should mobilize all existing capacities in the country to pass the current condition.”

30b cubic meters of water stored behind Iranian dams: IWRM

TEHRAN – Managing director of Iran Water Resources Management (IWRM) company says currently more than 30 billion cubic meters of water is stored behind the dams across the country and there is no problem regarding water shortage during the summer.

Iran unveils its first 6-speed manual gearbox

TEHRAN – Iran’s top automaker, Iran Khodro Company (IKCO), has unveiled the country’s first domestically designed six-speed manual gearbox, IRIB reported.

Iran, Japan, UNIDO to cooperate on fishery development in Chabahar

TEHRAN - Iran, Japan and the United Nations Industrial Development Organization (UNIDO) have signed a trilateral agreement to cooperate on the third phase of a project for developing advanced fishery in the port city of Chabahar in southeastern Iran, IRNA reported on Saturday.

Steel ingot output climbs 4%

TEHRAN- Iran’s major steel companies produced over 18.5 million tons of steel ingots during the 11-month period from March 21, 2019 to February 19, 2020, registering a four-percent growth from the figure for the same period in the previous year, IRNA reported on Saturday.

Nearly 38.5m tires produced in 11 months

TEHRAN- Tire production in Iran stood at 38.475 million during the eleven-month period from March 21, 2019 until February 19, 2020, IRNA reported.

Iran’s annual aluminum production to increase 60%

TEHRAN – The capacity of aluminum production in Iran is expected to reach 775,000 tons in the current Iranian calendar year (ends on March 19), 60 percent more than the figure for the previous year, IRNA reported.

Iran calls on ICC to exempt medical equipment from U.S. sanctions

TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture has called on the International Chamber of Commerce (ICC) for exempting the imports of medical and healthcare equipment and products from the U.S. sanctions amid the coronavirus outbreak.

Abadan Refinery upgrading project halted temporarily due to coronavirus

TEHRAN – Managing Director of National Iranian Oil Engineering and Construction Company (NIOEC) says all the operations of the Abadan Refinery’s upgrading project (phase 2) have been halted to prevent the spread of coronavirus.

Platform S1 of Salman joint oilfield installed

TEHRAN – Platform S1 of Salman field, which Iran shares with the United Arab Emirates (UAE) in the Persian Gulf, was fully installed on its designated offshore place on Wednesday, Shana reported.

TEDPIX falls 6% in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE) dropped six percent in the past Iranian calendar week (ended on Friday), IRNA reported.

Steel export up 28% in 11 months yr/yr

TEHRAN- Iran’s export of steel during the eleven-month period from March 21, 2019 until February 19, 2020 has risen 28 percent compared to the same period of time in the past year, IRNA reported.

Oil ministry explores necessary measures for battling Covid-19

TEHRAN – Necessary measures for containing the coronavirus (Covid-19) in the Iranian oil industry’s operational areas were explored in a meeting on Tuesday, attended by the Oil Minister Bijan Namdar Zanganeh and the Head of National Iranian Oil Company (NIOC) Masoud Karbasian.

Offering state-owned shares to be expedited

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said offering the shares of state-owned companies, which are planned to be privatized, will be sped up, IRIB reported.

Over $210b worth of energy project underway across Iran

TEHRAN – Iranian Energy Minister Reza Ardakanian says 5,931 energy projects worth 8.84 quadrillion rials (about $210.4 billion) are underway across the country, IRNA reported on Wednesday.

APC pays over $197m for developing agricultural parks

TEHRAN - Managing Director of Iran’s Agricultural Parks Company (APC) says 8.3 trillion rials (about $197.6 million) of facilities have been paid for the development of agricultural parks across the country since the beginning of the current Iranian calendar year (March 21, 2019), IRNA reported.

Iron ore output to exceed 100m tons by Mar. 19

TEHRAN – Iran’s iron ore output is going to reach 101 million tons by the end of the current Iranian calendar year (March 19), registering over a 17-percent rise compared to the previous year, IRNA reported.

TEDPIX, IFX fall on Tuesday

TEHRAN- Iranian stock markets witnessed some more decline on Tuesday, IRNA reported.

BY: Ebrahim Fallahi

Saudis’ price war or a Russian plot against U.S. shale?!

TEHRAN – Since early Monday, the announcement of a “price war” between Saudi Arabia and Russia, two biggest OPEC+ allies, hit the headlines of almost all of the world’s news agencies and outlets and released a wave of panic across the markets all around the world.

Iran’s installed electricity generation capacity at 83.35GW

TEHRAN – Iran’s total installed electricity generation capacity has reached 83,350 megawatts (MW) or 83.35 gigawatts (GW), IRNA reported on Tuesday, quoting the Deputy Energy Minister Homayoon Haeri.

Iran-EAEU trade exceeds $1.2b in 11 months

TEHRAN- The value of trade between Iran and Eurasian Economic Union (EAEU)’s member states reached $1.244 billion during the first eleven months of the current Iranian calendar year (March 21, 2019-February 19, 2020), according to the spokesman of Islamic Republic of Iran Customs Administration (IRICA).