By Haniyeh Sadat Jafariyeh

Market looking forward to CBI foreign currency package

The Central Bank of Iran (CBI) launched a secondary currency market on July 3, 2018, in a bid to renovate its foreign currency system, reign the currency rates, reinforce exports, improve cooperation with foreign currency exchange shops, and to ease a dollar shortage ahead of the new turn of U.S. sanctions.

New shareholders’ presence in TSE up 40% in 4 months yr/yr

TEHRAN- Presence of new shareholders in Tehran Stock Exchange (TSE) rose 40 percent during the first four months of current Iranian calendar year (March 21-July 22) compared to the same period of time in the previous year, according to TSE CEO Hassan Qalibaf-Als.

1st intl. paper products expo inaugurated in Tehran

TEHRAN- The First International Specialized Exhibition of Paper, Cardboard Cellulose Products and Related Machinery (PCCM 1397) became operational on Wednesday at the Tehran Permanent International Fairground, IRIB reported.

Iran's average oil export rises 185,000 bpd in 4 months compared to past year

TEHRAN – Iran exported 2.3 million barrels per day (bpd) of oil on average during the first four months of the current Iranian calendar year (March 21-July 22, 2018), an 185,000 barrels increase from the average daily exports in the whole of last year.

4,600 small, medium-sized units under construction in industrial parks

TEHRAN- Some 4,600 small and medium-sized units are under construction in industrial estates of the country, Iranian deputy industry minister announced.

Boosting renewable capacity, the key to resolve Iran’s power problems: report

TEHRAN - Iranian energy experts and scholars believe that increasing the country’s renewable power capacity is the cheapest and fastest way to supply electricity needs in the future, IRNA reported.

2 Iranian banks to open branches in India soon

TEHRAN- Iran’s Bank Pasargad and Saman Bank will open two branches in India in the near future, the head of Iran-India Joint Chamber of Commerce told ILNA.

Minerals, mining exports rise 16% in a quarter on year

TEHRAN- Iran’s minerals and mining exports stood at $2.839 billion in the first quarter of the current Iranian calendar year (March 21-June 21), registering 16 percent growth in comparison with the same time span in the previous year, according to data released by the Islamic Republic of Iran Customs Administration (IRICA).

Over 199,000 vehicles to be scrapped by March 2021

TEHRAN – Iran is going to rejuvenate its transport body by scrapping more than 199,000 vehicles by the end of the Iranian calendar year of 1399 (March 20, 2021), IRIB reported on Monday.

TSE index hits a new record

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 2,903 points to hit the highest-ever record of 116,756 points on Monday, IRNA reported.

Rouhani declares amended law on Article 44 of Iran's Constitution

TEHRAN – President Hassan Rouhani wrote to Ministry of Finance and Economic Affairs declaring a law passed by the Iranian parliament on amending the law on implementation of the general policies of the Article 44 of Iran's Constitution, IRNA reported on Sunday.

Iran’s 6-month crude steel output up 25% yr/yr: WSA

TEHRAN- Production of crude steel in Iran stood at 12.516 million tons during the first six months of 2018, indicating 25.8 percent rise from 9.947 million tons in the same period of time in 2017, according to World Steel Association (WSA).

Iran, Syria to ink MOU on strategic economic co-op

TEHRAN – Tehran and Damascus are going to sign a memorandum of understanding (MOU) for strategic economic cooperation in near future aiming at developing trade ties between the two sides, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) reported.

Infrastructure projects worth $1.5b to be implemented in Maku Free Zone

TEHRAN- Several MOUs on implementation of 160 infrastructure projects in Maku Free Trade and Industrial Zone, Iran's largest free trade zone, was signed during the national conference on investment opportunities in this free zone in northwest of the country.

Persian Gulf Star Refinery’s daily output hits 26m liters

TEHRAN- Daily gasoline production in Persian Gulf Star Refinery (PGSR) has increased 2 million liters to stand at 26 million liters, Mohammad-Ali Dadvar, the managing director of refinery, told Shana news agency.

Non-oil exports up 14.6% in 4 months on year

TEHRAN- Iran exported $15.45 billion of non-oil products during the four-month period from March 21 to July 22, with 14.69 percent rise from $13.471 billion in the same time span of the past year, according to Islamic Republic of Iran Customs Administration (IRICA).

Exports from PSEEZ up 22% in 4 months yr/yr

TEHRAN- The value of exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh reached $5.609 billion in the first four months of the current Iranian calendar year (March 21-July 22, 2018), a 22 percent rise from the figure for the same period last year.

Imam Khomeini Airport City expanded with 8 development projects

TEHRAN – Eight development projects were inaugurated at Iran’s Imam Khomeini Airport City (IKAC) on Thursday to further expand the capital city’s primary international airport, IRIB reported.

TEDPIX gains 1024 points in a week

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) increased 1029 points or 0.9 percent during the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, Tasnim news agency reported.

Iran providing insurance for oil shipments to India

TEHRAN - Iran is providing insurance for oil shipments to India operated by National Iranian Tanker Company (NITC), Reuters reported citing industry sources. This decision came after some local insurers stopped providing the service in the face of impending U.S. sanctions.

1000km of gas pipelines to join national network by Mar. 2019

TEHRAN- Some 1000 kilometers of new gas transferring pipelines will be connected to the national network of the country by the end of current Iranian calendar year (March 20, 2019), according to the managing director of Iranian Gas Engineering and Development Company.

Hemmati replaced Seif as Iran central banker

Iran has got a new central bank governor as the country is struggling to check a steep depreciation of the rial and root out a series of irregularities in its banking system.

Inflation rate at 8.7%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on July 22, which marks the end of the Iranian calendar month of Tir, stood at 8.7 percent, up 0.5 percent from its previous month, IRIB reported on Tuesday.

Annual iron ore exports rise 31%

TEHRAN- Iran exported $1.072 billion of iron ore in the past Iranian calendar year (ended on March 20, 2018), which indicates 31.1 percent rise from its previous year’s figure, IRNA reported on Tuesday citing the data released by the Islamic Republic of Iran Customs Administration (IRICA).

Daily gasoline consumption touches 92m liters in a month

TEHRAN- Average daily gasoline consumption in Iran reached 91.7 million liters during the Iranian calendar month of Tir (June 22-July 22), 8.1 million liters more than the preceding month.

Petchem exports at over $3b in a quarter

TEHRAN- Iran exported 5.356 million tons of petrochemical products worth more than $3.158 billion during the three-month period from the beginning of current Iranian calendar year (March 21), IRIB reported citing the data released by National Petrochemical Company (NPC).

Indian refiners worried over U.S. sanctions on Iran

TEHRAN – Indian refineries are getting worried about the risks that U.S. sanctions on Iran could impose on their profitability, Economic Times reported citing Mangalore Refinery and Petrochemicals Ltd (MRPL).

Iranian, Russian ministers discuss energy cooperation

TEHRAN-Russian Energy Minister Alexander Novak met Iranian Oil Minister Bijan Zanganeh in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said.

Cooling appliances consume 1/3rd of generated electricity

TEHRAN- According to the spokesman of Iran's Power Generation and Distribution Company (known as TAVANIR) one third of the generated electricity in summer is used by cooling appliances, IRIB reported on Sunday.

Bank loans to economic sector rise 16.3% in 3 months yr/yr

TEHRAN – The value of facilities that Iranian banking system offered to the domestic economic sector increased by 165 trillion rials (about $3.78 billion) during the first three months of the current Iranian calendar year (March 21-June 20) compared to the same period last year.