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  • nobakht 2019-10-14 17:16

    'Budget allocated for development projects to rise 53% next year'

    TEHRAN – Head of Iran’s Planning and Budget Organization (PBO) said 430 trillion rials (about $10.2 billion) is going to be allocated for development projects in the next year’s budget plan, up 53 percent from the figure for the current year.

  • Haeri 2019-10-14 17:16

    Iran’s renewable electricity generation capacity doubled

    TEHRAN- The capacity of generating electricity from renewable resources has reached 841 megawatts (MW) in Iran, nearly double the figure for the last year’s same period, IRNA reported, quoting an energy official.

  • Chabahar Port 2019-10-14 16:42

    Chabahar Port’s capacity quadruples in less than 2 years: PMO head

    TEHRAN- The head of Iran’s Ports and Maritime Organization (PMO) announced that through inaugurating the first phase of Chabahar Port’s development plan, the port’s capacity has increased four times in less than two years, IRIB reported on Monday.

  • coal 2019-10-13 18:19

    Coal concentrate output up 13% in a month on year

    TEHRAN- Production of coal concentrate in Iran increased 13 percent in the past Iranian calendar month of Shahrivar (August 23-September 22) compared to the same month in the past year, IRIB reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

  • IME Head Hamed Soltani-Nejad speaking in a ceremony on launching futures contracts for pistachio deals at IME on Sunday 2019-10-13 17:38

    IME launches futures contract for pistachio deals

    TEHRAN- In a bid for more risk management in the country’s capital market, Tehran Stock Exchange (TSE) officially launched futures contract during a ceremony held last December at the place of Central Securities Depository of Iran (CSDI), which is the sole registrar, central custodian and clearing house for the Iranian stock market.

  • Ardakanian 2019-10-13 17:37

    Iran unveils online power plant monitoring system

    TEHRAN – Iranian Energy Minister Reza Ardakanian unveiled the first phase of a system for online monitoring of the country’s power plants, portal of the ministry (Paven) reported on Sunday.

  • gas 2019-10-13 17:37

    Gas field discovered with $40b worth of reserves

    TEHRAN – A new gas field with 13,000 billion cubic feet of recoverable reserve and 385 million barrels of condensate, valued at $40 billion, has been discovered in Fars province, southern Iran.

  • WB 2019-10-12 20:57

    Iran’s external debt in 2018 down 6.5% on year: WB

    TEHRAN – World Bank (WB) in its latest report on global debts dubbed “International Debt Statistics 2020” has put Iran’s external debts for 2018 at $6.324 billion, down about 6.5 percent from $6.761 billion in 2017.

  • IRAN Kitchen 2019-10-12 20:26

    Intl. kitchen expo underway in Tehran

    TEHRAN – The third edition of Iran’s International Trade Show for Hotel, Restaurant and Catering Equipment (Iran Kitchen 2019) kicked off on Friday at Tehran’s Shahr-e-Aftab Exhibition Center.

  • Dutch Ambassador in Tehran Jacques Werner (L) met Iranian Deputy Minister of Energy for International Affairs Mohammad Ali Farahnakian (R) in Tehran on Saturday 2019-10-12 17:37

    Iran, the Netherlands mulling over water, power co-op

    TEHRAN – Iran and the Netherlands are considering cooperation in water and electricity sectors, especially in water management and flood control, the portal of Iran’s Energy Ministry (known as Paven) reported.

  • Rahmani 2019-10-12 15:32

    Industry, mining sectors witness 18% growth in H1

    TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani announced that industry and mining sectors of the country have experienced a growth of 18 percent during the first half of the current Iranian calendar year (March 21-September 22) compared to the same period of time in the past year, IRNA reported on Saturday.

  • west 2019-10-11 18:24

    Oil output from West Karoun region to rise by March 2020

    TEHRAN- Production of oil from West Karoun oilfields is expected to increase by 10,000 barrels per day (bpd) by the end of the current Iranian calendar year (March 19, 2020), IRNA reported on Thursday, quoting an oil official as saying.

  • NPC 2019-10-11 18:21

    Investment in Iran’s petchem industry to rise 75% by 2026

    TEHRAN – Head of Iran’s National Petrochemicals Company (NPC) said investment in the country’s petrochemical sector is going to increase by 75 percent by the end of the Iranian calendar year 1404 (March 2026), IRNA reported.

  • iran-china 2019-10-11 18:08

    Iran, China confer about customs cooperation

    TEHRAN – Iran and China discussed expansion of customs cooperation and trade facilitation in a meeting between Chinese Ambassador to Tehran Chang Hua and Head of Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mirashrafi, IRIB reported.

  • Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari delivering the speech in an Iran-Germany business forum in Tehran on Wednesday 2019-10-09 19:05

    Iran’s economy won’t wait for Europe: TCCIMA head

    TEHRAN – Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) warned Europeans that competitors would replace them in the Iranian market if they procrastinate any further.

  • Iran’s Finance and Economic Affairs Minister Farhad Dejpasand (1st R) held talks with Azerbaijan’s Minister of Labor and Social Protection of the Population Sahil Babayev (1st L) in Tehran on Tuesday 2019-10-09 16:57

    Iran, Azerbaijan stress bolstering joint investments

    TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand and Azeri Minister of Labor and Social Protection of the Population Sahil Babayev met on Tuesday to discuss ways of boosting trade ties, Shada reported.

  • oil field 2019-10-09 16:17

    New oil, gas fields discovered in Iran

    TEHRAN – The director of the National Iranian Oil Company (NIOC)'s Discovery Department has announced the discovering of new oil and gas fields in the country, IRIB reported on Wednesday.

  • rice 2019-10-09 15:53

    Iran self-sufficient in rice production

    TEHRAN – Iran has become completely self-sufficient in rice production as it plans to cut up to two million tons of imports a year, Press TV reported, quoting a senior Iranian agriculture ministry official as saying.

  • Zanganeh 2019-10-08 18:58

    SP phase 14 to go on stream next Iranian year: Zanganeh

    TEHRAN - Phase 14 of South Pars gas field (in the Persian Gulf) is going to come on stream in the upcoming Iranian calendar year of 1399 (starts on March 20, 2020), Shana reported, quoting Iranian Oil Minister Bijan Namdar Zanganeh as saying on Monday.

  • Iran-oil 2019-10-08 17:41

    BY: Ebrahim Fallahi

    U.S. allies in Asia paying the price for Iran sanctions

    TEHRAN – As one of the world’s top oil producers, Iran for long has been among the major crude suppliers to Asia and due to its high quality reserves which are significantly low in sulfur, many Asian refineries are designed to solely process various grades of Iranian crude oil and gas condensate.

  • Dejpasand 2019-10-08 17:40

    Reform plan gets underway in state banks: finance minister

    TEHRAN – Iran’s Finance and Economic Affairs Minister Farhad Dejpasand announced the start of a banking reform program in government-owned banks, Tasnim news agency reported on Tuesday.

  • container 2019-10-08 17:38

    Iran’s PMO launches shipping container production line

    TEHRAN – Iran’s Ports and Maritime Organization (PMO) has launched a production line for manufacturing multi-purpose shipping containers in collaboration with the Ministry of Transport and Urban Development, the portal of PMO reported.

  • Iran-Iraq 2019-10-07 19:53

    Iran, Iraq capable of increasing bilateral trade to $20b by 2021: industry min.

    TEHRAN – Iranian Minister of Industry, Mining and Trade Reza Rahmani says Iran and Iraq have the potential to increase the value of their bilateral trade to $20 billion dollars by 2021.

  • MINEX 2019-10-07 18:47

    MINEX 2019 hosting 130 Iranian, foreign companies

    TEHRAN- The 8th International Investment Opportunities in Iran’s Mines and Mining Industries Exhibition and Conference (MINEX 2019) kicked off on Monday in Tehran, hosting 130 Iranian and foreign participants.

  • Zanganeh 2019-10-07 18:35

    Iran to establish LNG park to develop energy sector: Zanganeh

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said his ministry is planning to gather mini-LNG complexes with a total capacity of three million tons in an LNG park, Tasnim news agency reported on Monday.

  • Larijani 2019-10-07 18:27

    No decision made on rationing subsidized gasoline: Majlis speaker

    TEHRAN- Iranian parliament (Majlis) speaker Ali Larijani said the parliament has not still made any decision about rationing the subsidized gasoline, Tasnim news agency reported.

  • Iran-Turkey 2019-10-07 18:26

    Turkey seeking ways to boost trade with Iran: envoy

    TEHRAN – Turkish Ambassador to Tehran Derya Ors said his country is looking for ways to improve its trade ties with Iran despite the U.S. sanctions, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) reported.

  • iranair 2019-10-06 20:04

    Iran Air posts annual profit despite U.S. sanctions

    TEHRAN - Iran’s National Airline (Iran Air) has reported a surge in operating profits for the past Iranian calendar year (ended in March 2019) despite a surge in aviation costs resulted from the U.S. sanctions on the country.

  • Peugeot 301 2019-10-06 19:25

    Iranian-made Peugeot 301 platform to be used for a number of other domestic cars

    TEHRAN- Chief Executive of Iran Khodro Industrial Group (IKCO) Farshad Moqimi said on Friday that ‘Peugeot 301’ sedan will hit the domestic car market during the first half of the next Iranian calendar year (to start on March 20, 2020), Mehr news agency reported.

  • Trade 2019-10-06 19:18

    Non-oil trade exceeds $42b in H1

    TEHRAN- Iran’s value of non-oil trade with other countries stood at over $42 billion during the first half of the current Iranian calendar year (March 21-September 22), the head of Islamic Republic of Iran Customs Administration (IRICA) announced.