Iran's exports to Iraq rise 30% in 7 months on year

TEHRAN- Iran’s exports to Iraq rose 30 percent during the first seven months of the present Iranian calendar year (March 21-October 22), compared to that of the same time span in the past year, according to the Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es’haq.

6 new small-scale gold, copper mines to be developed across Iran

TEHRAN – Iran Minerals Production and Supply Company signed a memorandum of understanding with Iran Mine House and a private company for developing six small-scaled gold and copper mines across the country, IRIB reported on Saturday.

Tehran to host 18th intl. household appliances in late Nov.

TEHRAN- The 18th International Exhibition of Household Appliances is slated to be held on November 22-25 at Tehran Permanent International Fairgrounds.

TEDPIX falls 3,175 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) lost 3,175 points to stand at 178,819 points on Saturday, IRNA reported.

Railway fleet to be expanded by new locomotives, wagons

TEHRAN- Some 45 new locomotives, 2,700 new freight wagons, and 97 new passenger wagons will be added to the railway fleet of Iran, IRIB reported on Saturday quoting a deputy at the Islamic Republic of Iran Railways (known as RAI).

Exports to bring back $47b of hard currency by Mar. 2019

TEHRAN- Some $47 billion of hard currency will be injected back to domestic financial system via exports by the end of the present Iranian calendar year (March 20, 2019), the governor of the Central Bank of Iran (CBI) announced on social media.

State Duma ratifies temporary agreement on free trade zone between EAEU, Iran

The State Duma (lower house of parliament) ratified the temporary agreement on formation of a free trade zone between the Eurasian Economic Union (EAEU) and the Islamic Republic of Iran on Thursday.

‘NDF allocates some reserves to market stability, production flourishing’

TEHRAN- Some portion of the reserves of National Development Fund (NDF) has been allocated to market stability and also to production flourishing, Iranian industry, mining and trade minister announced on Thursday.

Continuing trade co-op with Iran vital: German official

TEHRAN- “Despite the U.S. sanctions against Iran, German businessmen and entrepreneurs underscore continuation of trade ties with Iran,” an official from the Ministry of Economic Affairs, Transport, Agriculture and Viticulture of Rhineland Palatinate (MWVLW) told Deutsche Welle on Thursday.

We won’t leave Iran’s auto market easily: European exhibitors

TEHRAN- Foreign exhibitors attending the 13th International Auto Parts Exhibition of Iran said they would not leave Iranian market easily, IRNA reported.

Solar electricity output to reach 1000MW by March 2019

TEHRAN – Iran’s solar power output is due to reach 1000 megawatts (MW) by the end of the current Iranian calendar year (March 20, 2019), ISNA reported on Friday quoting the Iranian deputy energy minister.

OPEC puts Iran’s Oct. oil output at 3.296m bpd

TEHRAN- Iran produced 3.296 million barrels per day (bpd) of oil in October, a 156,000 bpd decrease from 3.452 million bpd in August, according to OPEC’s latest monthly report published on Tuesday citing the secondary sources.

Intl. oil, gas, petrochemicals conference held in Bushehr

TEHRAN – The second edition of Iran’s biennial Oil, Gas and Petrochemicals Conference (OGPC) was held in the southwestern Bushehr Province on Wednesday, IRNA reported.

Shiraz hosting intl. installation exhibit

TEHRAN- Shiraz is hosting 15th International Exhibition of Cooling, Heating, Installations and Equipment until Friday, IRNA reported.

Turkmenistan to host exclusive expo of Iranian goods in Mar. 2019

TEHRAN – Ashgabat, the capital city of Turkmenistan, will host an exclusive exhibition of Iranian goods from March 4 to 6, 2019, the portal of Iran’s Trade Promotion Organization (TPO) published on Wednesday.

7,800km of new roads, freeways under construction in Iran

TEHRAN- Some 7,800 kilometers of highways, freeways and main roads are under construction throughout the country, Iran’s Deputy Transport Minister Kheirollah Khademi announced on Tuesday.

Iran, India review trade co-op under sanctions

TEHRAN- In a meeting between Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari and Indian Ambassador to Iran Saurabh Kumar the two sides investigated the prepared mechanisms for doing mutual trade transactions under the unilateral U.S. sanctions imposed on Iran, the portal of TCCIMA reported on Wednesday.

Tax income increases 16% in 6 months

TEHRAN- According to the country’s budget performance report, the government’s tax income during the first half of the present Iranian calendar year (March 21-September 22, 2018) has surpassed 500 trillion rials (about $11.9 billion), registering a 16.8 percent increase compared to the same time in the preceding year, Tasnim news agency reported on Tuesday.

Brazil calls for expansion of trade ties with Iran

TEHRAN - Fernando Affonso Collor de Mello, the former Brazilian president and the chairman of the Brazilian Parliament’s Foreign Affairs Committee, voiced his country’s interest for expansion of ties with Iran in various areas especially trade, transportation, banking, agriculture and environment.

By Mahnaz Abdi

Kish Island to host Iran’s intl. maritime exhibit in mid-Dec.

TEHRAN- Iran’s 20th International Maritime and Offshore Technologies Exhibition (IRANIMEX 2018) is planned to be held on Kish Island in south of the country from December 17 to 19.

SWIFT’s Iran ban not to harm foreign trade: CBI

TEHRAN- The blacklisting of Iran from the Belgium-based international financial messaging system (SWIFT) will cause the country’s foreign financial transactions and trade no harm, the public relations department of the Central bank of Iran (CBI) announced.

Tehran hosting 190 foreign firms in intl. auto parts exhibition

TEHRAN- The 13th International Auto Parts Exhibition of Iran, which kicked off on Monday, is hosting 190 foreign companies from 11 countries, IRNA reported.

By Ebrahim Fallahi

The impact of U.S. sanctions on Iranian oil industry, market in focus

Right from the day Trump withdrew from Iran’s nuclear deal, announcing his plan for cutting Iranian oil exports to zero, the oil scholars and experts all around the world begun contemplating the impacts of this decision on the Iranian oil industry especially on the country’s oil exports.

NIOC to continue selling oil at IRENEX

TEHRAN- Selling crude oil at Iran Energy Exchange (IRENEX) will be continued, Saeed Khoshrou, director of international affairs at the National Iranian Oil Company (NIOC), announced.

‘EU to continue transport co-op with Iran despite U.S. sanctions’

TEHRAN – European Commission’s deputy director-general for mobility and transport said EU is going to continue its transport cooperation with Iran despite U.S. sanctions, IRNA reported on Monday.

Iraq receives sanction waiver for importing gas, electricity from Iran

TEHRAN - Iraq has received a 45-day waiver over U.S. sanctions against Iran which allows the country to continue to import natural gas and electricity from Iran, Reuters reported citing the U.S. embassy in Iraq.

TEDPIX down 3,562 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) lost 3,562 points to stand at 180,668 points on Sunday, IRNA reported.

40 Iranian companies to sell construction materials to Oman

TEHRAN- The contract on cooperation of 40 Iranian construction companies on selling products for building the industrial estate of Sandan in Oman was signed on Sunday at Iran’s Embassy in Muscat, IRNA reported.

U.S. granted Turkey 25% exemption from Iran sanctions: Turkish min.

TEHRAN – Turkish Minister of Energy and Natural Resources said his country has been granted a 25-percent exemption from the U.S. sanctions on Iran, Mehr news agency reported citing a NDTV report.

700,000 barrels of oil sold at IRENEX

TEHRAN- National Iranian Oil Company (NIOC) sold 700,000 barrels of light crude oil at Iran Energy Exchange (IRENEX) at the price of $64.97 per barrel on Sunday, the second offering day of oil at the capital market, Tasnim news agency reported.