Steel products output to reach 28m tons by March 2020

TEHRAN – Iran’s steel products output is going to reach 28 million tons by the end of the current Iranian calendar year, IRNA reported, quoting deputy industry, mining and trade minister as saying on Thursday.

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.

Tehran hosting 2 intl. exhibitions

TEHRAN - The 15th International Exhibition for Mines, Construction Machinery and Related Industry and Equipment (Iran ConMin 2019) and the 19th Iran International Electricity Exhibition (IEE 2019) kicked off on Thursday at Tehran Permanent International Fairgrounds, 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.

Iran, Iraq power grids synchronized

TEHRAN – Power grids of Iran and Iraq were synchronized on Friday, IRNA reported quoting Iranian Energy Minister Reza Ardakanian.

Syria calls for Iran’s contribution to its electricity projects

TEHRAN - Syrian Minister of Electricity, Mohammad Zuheir Kharboutli called for participation of Iranian companies in his country’s major electricity projects, IRIB reported.

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.

Tajikistan to host exclusive expo of Iranian goods

TEHRAN – Iran’s Ambassador to Dushanbe said an exclusive exhibition of Iranian goods and services is going to be held in Tajikistan’s capital in near future, 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.

CBI orders banks to establish anti-money laundering units

TEHRAN – Central Bank of Iran has obliged all the country’s banks and credit institutions to establish anti-money laundering units, IRNA reported on Wednesday.

10 new dams to be inaugurated across Iran by March 2020

TEHRAN – Iran’s Energy Ministry plans to inaugurate 10 new dams in six different provinces across the country by the end of the current Iranian calendar year (March 19, 2020), IRNA reported.

$4.5b of projects to go on stream by yearend: IMIDRO

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) will put projects worth $4.5 billion into operation by the end of current Iranian calendar year (March 19, 2020), IRNA reported.

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.

BY: Ebrahim Fallahi

Trump's unilateralism hurting global economy

TEHRAN – Since 2017, when Donald Trump took office in the White House, the global economy has gone through a whirlwind of deteriorating events. The situation has become worse every year so that most international economic institutions and organizations are becoming skeptic about the outlook of the global economy.

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.

TEDPIX drops 2,507 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 2,507 points to 305,809 on Wednesday, IRIB reported.

NIOC to ensure participation of private sector in studying exploration blocks

TEHRAN - The director of the National Iranian Oil Company (NIOC)'s Discovery Department has stressed the need for ensuring the participation of the country’s private sector in the assessment and study projects of the discovered blocks across the country.

Inflation rate down 0.7%

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on October 23, which marks the end of the seventh Iranian calendar month of Mehr, stood at 42 percent, head of the center announced on Wednesday.

Iranian trade center to be opened in Damascus within 3 months

TEHRAN - The chairman of Iran-Syria Joint Trade Committee said the Iranian trade center in Damascus is going to be opened within the next three months, ILNA reported on Wednesday.

Annual steel output to rise 3m tons by March 2020: IMIDRO head

TEHRAN- Annual production of crude steel in Iran is planned to rise three million tons to 28 million tons in the current Iranian calendar year (ends on March 19, 2020), the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced on Wednesday.

Iran, Algeria discuss expansion of port, maritime co-op

TEHRAN - A delegation from Algeria’s Ministry of Transport visited Iran’s Emam Khomeini Port in the southwestern province of Khuzestan to explore areas of mutual cooperation and discuss a sister city agreement between the port of Emam Khomeini and the port of Bejaia in Algeria.

17 countries eager for contribution to Chabahar Port development

TEHRAN - Iranian deputy industry minister said 17 countries have expressed willingness for contribution to development of Chabahar Port in southern Iran, Tasnim news agency reported on Wednesday.

Domestic manufacturing of auto parts to lower car prices: industry min.

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani said on Wednesday that domestic manufacturing of auto parts is going to lead to a decrease in the prices of passenger cars in the country.

Tehran hosting bitumen, asphalt conference, exhibition

TEHRAN –Iran’s 11th National Bitumen, Asphalt and Machinery Conference and Exhibition kicked off in Tehran on Tuesday at the presence of the country’s Transport Minister Mohammad Eslami, the event’s portal reported.

Trump is disrupting balance of global economy: analyst

TEHRAN – Iranian Economic Expert and Analyst Mohammad-Ali Kazemian believes that Donald Trump has disrupted the balance of the world economy and the rules of world trade since he took power.

500 new villages to be connected to national power grid by March 2020

TEHRAN – Iran’s Power Generation, Distribution and Transmission Company (known as Tavanir) is going to connect 500 new villages to the national electricity network by the end of the current Iranian calendar year (March 19, 2020), IRNA reported, quoting an official with the company.

Nearly $7b paid for development projects in H1

TEHRAN- Head of Iran’s Planning and Budget Organization (PBO) said that 290 trillion rials (about $6.9 billion) has been paid for development projects in the country during the first half of the current Iranian calendar year (March 21-September 22), Tasnim news agency reported.