Iran's central banker promises to improve economy

TEHRAN- Writing on Twitter, governor of the Central Bank of Iran (CBI) clarified some of the bank’s recent taken measures and adopted policies and also made some promises to keep for improving domestic economy, IRIB reported on Saturday.

TPO head discusses trade affairs with foreign commercial attaches

TEHRAN- Mojtaba Khosrotaj, the head of Iran’s Trade Promotion Organization (TPO), discussed Iran’s exports capacities and imports priorities with commercial attaches and economic representatives from 44 countries in a meeting on Thursday, IRIB reported.

EU’s imports from Iran boost 23% in H1 on year

TEHRAN- Exports of Iranian goods to the European Union countries hit €6.11 billion in the first half of 2018, increasing 23 percent in comparison with the same time in the preceding year, European Commission press release database has reported.

S. Korea to support companies affected by Iran sanctions

South Korea to extend financial support for companies affected by reimposed sanctions on Iran, the trade ministry in Seoul said Thursday.

CEO of IFB briefs private sector representatives on crowdfunding issues

TEHRAN- In a meeting held at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), representatives of private sector met Amir Hamooni, the CEO of Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), who elaborated on crowdfunding instruction, its requirements, mechanisms, etc.

By Ebrahim Fallahi

Caspian Sea legal regime: what it means for Iran’s oil and gas

After more than two decades of negotiations and diplomatic efforts in numerous summits, on August 12 a landmark convention was inked by the presidents of the five littoral Caspian nations – Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan on the legal status of the Caspian Sea during the 5th Caspian Summit in the Kazakh city of Aktau.

Germany’s Durion Energy AG to stay in Iran despite U.S. sanctions: CEO

TEHRAN- The CEO of Germany’s renewable energy company, Durion Energy AG, said his company will not stop working in Iran despite the U.S.-led sanctions against the country, Tasnim news agency reported on Wednesday.

Non-oil exports from Shahid Rajaee Port rise 2.6% in 4 months yr/yr

TEHRAN- The weight of non-oil exports from Shahid Rajaee Port, in south of Iran, increased by 2.6 percent during the four-month period from March 21 to July 22 of this year compared to the same period of time in the past year, according to the director of Shahid Rajaee Port Special Economic Zone.

Iran welcomes investment by Swiss companies in water, energy projects

TEHRAN – Iranian Energy Minister Reza Ardakanian said Iran welcomes Swiss companies to contribute in the country’s water and energy projects, Iranian Energy Ministry’s news portal, PAVEN, reported.

Annual non-oil exports set to reach $50b by March 2019

TEHRAN- Iran’s value of non-oil exports is planned to reach $50 billion in the current Iranian calendar year, which ends on March 20, 2019, according to an official at Trade Promotion Organization (TPO).

Major steel producers’ output rises 15% in 4 months on year

TEHRAN- Iran’s major steel producers produced 6.286 million tons of crude steel during the four-month period from March 21 to July 22, with 15 percent growth from the figure of the same period of time in the past year, IRIB reported on Monday based on the data released by Industry Ministry.

China’s contribution to Iranian petchem industry unchanged: official

TEHRAN – Iranian National Petrochemical Company (NPC)’s Director for Investment Hossein Alimorad, said Chinese investors’ contribution in the Iranian petrochemical industry has not changed after the U.S. withdrawal from the nuclear deal.

Industry Ministry bans exports of 5 types of goods

TEHRAN- Exports of five types of goods will be ceased due to a recent decision of the Ministry of Industry announced to the Islamic Republic of Iran Customs Administration (IRICA) on Saturday, IRIB reported on Monday.

Iranian private sector gets green light to swap oil products

TEHRAN - Managing director of National Iranian Oil Products Distribution Company (NIOPDC) said necessary measures are being taken for the country’s private sector to take part in swapping oil products, IRIB reported on Saturday.

South Pars deal with Total, CNPC unchanged: NIOC director

TEHRAN – The deal with France’s Total and China’s state-owned National Petroleum Corporation (CNPC) for developing phase 11 of Iran’s South Pars gas field is still unchanged, Shana reported on Saturday quoting a senior oil official.

‘SMEs should be exempted from paying value added tax for 6-12 months’

TEHRAN- Iranian industry minister said small and medium-sized enterprises (SMEs) should be exempted from paying value added tax for a period of six months to one year, IRNA reported.

Iran-China trade up 10% in 6 months on year

TEHRAN- The value of trade between Iran and China rose 10.1 percent during the first half of 2018 and stood at $17 billion, Gao Feng, the spokesman for China’s Ministry of Commerce, told IRNA on Saturday.

Iran rises 2 places to become world’s 11th top steel producer: WSA

TEHRAN- According to the latest report released by the World Steel Association (WSA), Iran was ranked the 11th among the world’s largest crude steel producers in the first half of 2018, IRIB reported.

Infrastructure provided for trading cryptocurrency in stock exchange

TEHRAN- Required infrastructure is provided for trading cryptocurrency in Iran’s stock exchange, Head of Securities and Exchange Organization (SEO) Shapour Mohammadi told IRNA on Saturday.

‘Next year’s budget plan to match new sanctions condition'

TEHRAN- Iran's annual budget plan for the next Iranian calendar year of 1398, which starts on March 21, 2019, is to be prepared considering all the domestic and international economic conditions of the country in a bid to tackle the new round of U.S.-led sanctions and to meet the Iranian nation’s expectations, Tasnim news agency quoted the head of Management and Planning Organization of Iran on Friday.

Switzerland recommends firms pursue Iran ties despite U.S. sanctions

The Swiss government regrets the situation regarding sanctions imposed by the United States on Iran, but recommends Swiss firms pursue their business relations with the Islamic Republic on an informed basis, it said on Thursday.

U.S. sanctions against Iran could make world's oil supply very challenging: IEA

A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world's spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA).

Intl. auto expo running in Mashhad

TEHRAN – The 18th edition of International Exhibition of Automobile and Relate Industries (Iran Motor Show 2018) kicked off on Tuesday at the northeastern city of Mashhad, IRNA reported.

Iranian oil exports to China, India surge in July despite U.S. sanctions

TEHRAN – Iranian crude oil loadings to China and India increased significantly in July compared to the previous month despite U.S. threats, a Platts survey showed. According to Platts data, Shipments to china were 799,452 barrels per day (bpd) in July, up from 722,100 bpd in June.

Non-oil exports to Indonesia rise 86% in a quarter on year

TEHRAN- The value of Iran’s non-oil exports to Indonesia during the three-month period from March 21 to June 21 stood at $250 million, increasing 86 percent compared to the same period of time in the past year, according to Iran’s commercial attaché to Indonesia.

Japan objects effect of U.S. sanctions on Iran on its energy supply

TEHRAN - Japan's Minister of Economy, Trade and Industry Hiroshige Seko said his country’s energy supply should not be affected by U.S. sanctions on Iran, Platts reported.

PMO offering best incentives for investment in ports

TEHRAN- Iran’s Ports and Maritime Organization (PMO) Managing Director Mohammad Rastad announced that his organization offers the best incentives to the investors who make investment in development of ports.

Over $4.7b of unfinished energy projects to be awarded to private sector

TEHRAN – Iran’s Energy Ministry is planning to award 52 unfinished water and electricity projects worth 200 trillion rials (over $4.76 billion) to the country’s private sector for completion, IRIB reported on Monday quoting the Energy Minister Reza Ardakanian.

Gasoline output rises 50% in 4.5 months yr/yr

TEHRAN- Gasoline production in Iran has risen 50 percent since the beginning of current Iranian calendar year (March 21) compared to the same period of time in the previous year, according to the managing director of National Iranian Oil Products Distribution Company (NIOPDC).

Over $442m of state-owned shares divested in 4.5 months

TEHRAN- Iranian Privatization Organization (IPO) has offered 19.473 trillion rials (about $442.5 million) of state-run shares to the private sector since the beginning of the present Iranian calendar year 1397 (March 21), IRIB reported on Monday.