Passenger car output at 612,000 in 10 months

TEHRAN - Iranian carmakers manufactured 612,000 passenger cars during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020), IRNA reported citing the data released by Industry, Mining and Trade Ministry.

‘FATF blacklist won’t affect Iran’s foreign trade, forex market stability’

TEHRAN – The governor of Central Bank of Iran (CBI) says blacklisting Iran by the Financial Action Task Force (FATF) is not going to cause any problem for the country’s foreign trade and stability of foreign currency market.

TEDPIX rises over 19,000 points in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), went up 19,675 points to 478,754 in the past Iranian calendar week (ended on Friday), IRNA reported.

Afghan banks to open branches in Iran’s Chabahar port

TEHRAN – Iran has approved two Afghan banks to open branches in its southeastern strategic port of Chabahar, ILNA reported quoting the Secretary General of Iran-Afghanistan Joint Chamber of Commerce Mozafar Alikhani.

4th National Excellence and Progress Award to be held on Sunday

TEHRAN – The fourth edition of Iran’s National Excellence and Progress Award which celebrates achievements and improvements of the country’s economic sectors is slated to be held on Sunday, IRIB reported.

Inflation rate drops 1.6%: SCI

TEHRAN- The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on February 19, which marks the end of the eleventh Iranian calendar month of Bahman, stood at 37 percent.

NIOC to renovate southern oil facilities

TEHRAN – National Iranian Oil Company (NIOC) is following a program to renovate all the country’s old and worn-out oil facilities, IRNA reported quoting a senior official with the company.

PMO to hold conference on effective rail-port connection

TEHRAN – Iran’s Ports and Maritime Organization (PMO) is going to hold a conference on the efficient connection of the country’s ports to the national railway network, IRIB reported on Thursday.

Iran’s envoy discusses oil market with OPEC secretary-general

TEHRAN - Kazem Gharibabadi, Iran’s permanent representative to the Vienna-based international organizations, held talks with Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo on Thursday to discuss the oil market.

Iran, Kazakhstan to jointly build an industrial, commercial complex in Aktau SEZ

TEHRAN- Iran and Kazakhstan inked an agreement to jointly build an industrial, commercial complex in Kazakhstan’s Aktau Special Economic Zone.

TEDPIX surpasses 478,700 points

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), ended 6,634 points higher at 478,754 at Wednesday, IRNA reported.

Seminar on introducing Pakistani market to be held by TPO next month

TEHRAN- Iran’s Trade Promotion Organization (TPO) plans to hold a seminar on introducing the markets of Pakistan on March 9.

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Permanent Secretariat of Exhibitions and Investment Seminars in Oil and Petrochemical Industry Inaugurated in Kish

Kish Island has high potential and capability to play a leading role in various industrial and economic fields especially oil, gas and petrochemical industries.

Tehran to host seminar on trade with Russia in early March

TEHRAN - Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) is going to hold a seminar on trade with Russia with the aim of familiarizing Iranian businessmen with procedures of the Russian customs.

TCCIMA holds meeting to discuss trade-related issues

TEHRAN - The 11th gathering of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)’s board of representatives was held on Tuesday to discuss various trade issues including problems that traders are facing in customs.

TPO hosts 1st meeting of Iran-UAE Commodity-Country Desk

TEHRAN - Iran’s Trade Promotion Organization (TPO) held the first meeting of its Commodity-Country Desk on trade with the United Arab Emirates (UAE) chaired by Farzad Piltan, the director-general of TPO’s Office of Arabian and African Countries.

'Domestic production to create jobs for youth'

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani says promoting domestic production is going to create new job opportunities for the country’s youth which constitute the majority of the country’s 80-million population, IRNA reported.

‘Oil Ministry determined to upgrade oil sector standards’

TEHRAN- Iran’s deputy oil minister for engineering, research, and technology affairs said Oil Ministry is taking serious measures for improving standards in the oil industry, Shana reported on Tuesday.

Rouhani unveils 3 domestically-made cars

TEHRAN- During a ceremony on Wednesday, three Iranian-made cars were unveiled in the presence of President Hassan Rouhani, IRNA reported.

PEDEC to use skid-mounted facilities to accelerate projects

TEHRAN - Petroleum Engineering and Development Company (PEDEC) inked an agreement with the Academic Center for Education, Culture and Research (ACECR) for cooperation in designing and constructing a skid-mounted processing unit to be used in South Azadegan oil field’s development project.

Iran’s export to EAEU climbs 72% in 10 months

TEHRAN- The value of Iran’s exports to the Eurasian Economic Union (EAEU)’s member states rose 72 percent during the first ten months of the current Iranian calendar year (March 21-December 21, 2019) compared to the same period of time in the past year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced.

Tehran, New Delhi stress preserving, expanding bilateral trade

TEHRAN- During a meeting between Indian Ambassador to Tehran Gaddam Dharmendra and Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari at the place of TCCIMA on Monday, the two sides emphasized the necessity to preserve Iran-India trade ties at the first step and expand it at the next stride.

TCCIMA hosts Iran-India business forum

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) held an Iran-India business forum at the place of the chamber on Tuesday, TCCIMA website published.

Over $35b supplied for import of basic goods since last March

TEHRAN- Despite the U.S. sanctions and their most pressures on Iranian economy Iran has managed to supply $35.5 billion for importing basic commodities in the current Iranian calendar year (began on March 21, 2019), Central Bank of Iran (CBI)’s governor informed on Tuesday.

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PMO allocates over $857m for maritime reform plan

TEHRAN – Iran’s Ports and Maritime Organization (PMO) has allocated 36 trillion rials (about $857.2 million) of its budget resources for a program to develop the country’s maritime industry, IRNA reported on Tuesday, quoting the PMO head.

By Ebrahim Fallahi

S. Korean companies leave Iran: Such a pity! But for them

TEHRAN – South Korea’s LG Electronics and Samsung have ended their presence in the Iranian market over the past few months, abiding by the U.S. pressures for cutting ties with one of their biggest markets.

Iran unveils domestically-made drilling rig

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh unveiled a domestically-built drilling rig in a ceremony held in Khuzestan province, southwestern Iran on Tuesday.

Promoting domestic production a ‘must' in the sanctions era: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh says promoting the country’s domestic production in various areas is a key to Iran’s economic development during the sanctions, Shana reported.

Inflation rate seen to fall to 20% next year

TEHRAN- Inflation rate in Iran is predicted to go down to under 20 percent in the coming Iranian calendar year (begins on March 19), Central Bank of Iran (CBI) Governor Abdolnaser Hemmati announced on Tuesday.