By Mahnaz Abdi

Domestic manufacturing of home appliances thriving

As the current Iranian calendar year of 1398 is named the year of "Pickup in Production" by Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei and given that realization of this motto toward Iran’s self-reliance is in fact the only way to tackle the U.S. cruel sanctions, all governmental bodies have defined programs to boost and flourish domestic production and are seriously pursuing them.

Iran to build petchem complexes, refineries in Jask port

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the country is planning to build petrochemical complexes as well as refineries in Jask Port in southern Iran.

IMF to support all members including CBI: Georgieva

TEHRAN – International Monetary Fund (IMF)’s New Head Kristalina Georgieva said the fund will do its best to provide its support and technical services to all members including Central Bank of Iran (CBI) equally, IRNA reported.

Iran’s largest mobile power plant unveiled

TEHRAN – The Passive Defense and Disaster Management Office of Iran’s National Water and Wastewater Company unveiled the country’s largest mobile power plant which is going to be used in sensitive water infrastructure in emergency situations like flood and earthquake.

Oil revenues only go to development sector in next year's budget

TEHRAN – Iran is going to allocate all revenues from oil sales to the development projects following structural reforms in the next Iranian calendar year’s (March 2020-March 2021) budget bill, IRIB reported on Monday, quoting the head of Planning and Budget Organization (PBO) as saying.

By Mahnaz Abdi

High presence of companies in exhibitions shows thriving domestic production

TEHRAN- Participation of Iranian companies has noticeably increased in the national and international exhibitions in the current Iranian calendar year (began on March 21) which is a sign of thriving production in the country, according to the managing director of Iran International Exhibitions Company.

By Ebrahim Fallahi

A look into Iran’s PGPIC after sanctions hit the holding

As Iran’s largest petrochemical group which extends to 39 subsidiaries and foreign-based sales agents, Persian Gulf Petrochemical Industries Company (PGPIC) has been considered one of the most profitable entities in the country’s economic body.

Exports from Chabahar Port up 100% in H1

TEHRAN- Exports of commodities from Iran’s southeastern port of Chabahar has risen 100 percent during the first half of the current Iranian calendar year (March 21-Septemeber 22) compared to the first half of the past year, according to the head of Ports and Maritime Department of Sistan-Baluchestan Province (where the port lies).

Iran, Italy discuss launching direct shipping route

TEHRAN - Iran and Italy are mulling over the possibilities of launching a direct shipping route between Chabahar port in southeastern Iran, and Venice in northern Italy, Press TV reported citing the Ports and Maritime Organization of Iran (PMO).

‘Azadegan oil field’s production capacity up 400% in 5 years’

TEHRAN –Iran’s Petroleum Engineering and Development Company (PEDEC) said the oil production capacity of South Azadegan oil field in southwestern Iran has increased by 400 percent in the past five years, Shana reported.

Private banks ready to support engineering services exports to Iraq

TEHRAN - The head of Iran's Association of Private Banks and Credit Institutions announced their readiness for financial support of exporters of technical and engineering services to Iraq, IRIB reported on Sunday.

Housing price down 2.8% in Tehran City in a month

TEHRAN- Housing price in Tehran City has fallen 2.8 percent in the past Iranian calendar month of Shahrivar (ends on September 22) from its previous month, IRNA reported, citing the data release by Central Bank of Iran (CBI).

Iran-EU trade at €3b in 7 months

TEHRAN- The trade between Iran and European Union countries during the first seven months of 2019 stood at €3.087 billion, Tasnim news agency reported.

Iran’s renewable power generation capacity exceeds 840 MW

TEHRAN - The capacity of Iran’s renewable power plants has reached 841 megawatts (MW), Iranian Energy Ministry’s news portal (known as PAVEN) reported on Saturday.

'Syria welcomes Iranian investment in mining sector'

TEHRAN - Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)'s Mining Committee said Syria welcomes Iranian private sector’s investment and contribution to the country’s mining projects.

Iran, Kazakhstan ink MOU on economic co-op

TEHRAN – Iran and Kazakhstan signed a memorandum of understanding (MOU) for expansion of economic cooperation, the news portal of Iran’s Agriculture Ministry reported.

Tehran to host intl. renewable energy conference, exhibition in mid-Oct.

TEHRAN – The 4th edition of Iran’s International Renewable Energy Conference and Exhibition (Iran REC 2019) is due to be held during October 14-15 at Tehran IRIB International Conference Center.

Iran constructing power plant in Syria’s Latakia

TEHRAN - Iranian Energy Minister Reza Ardakanian said on Wednesday that Iran’s Mapna Group has started construction of a major power plant in Syria’s Latakia, Press TV reported.

By Mahnaz Abdi

Stock market’s prominent performance in H1

While lagging the parallel markets of foreign currency, gold coin, and real estate behind, Iran’s stock market hit a new record during the first half of the current Iranian calendar year (March 21-September 22), as TEDPIX, the main index of Tehran Stock Exchange (TSE), closed at an all-time high of 302,103 points.

Iran’s crude steel output up 6% in 8 months yr/yr: WSA

TEHRAN- Production of crude steel in Iran during the first eight months of 2019 has risen six percent from that of the same period of time in 2018, World Steel Association (WSA) has announced in its recent report.

NPC, IDRO ink cooperation memorandum

TEHRAN – Iran’s Industrial Development and Revolution Organization (IDRO) signed a memorandum of understanding (MOU) with National Petrochemical Company (NPC) for supplying the equipment required in petrochemical industry’s downstream sector.

Italian pavilion at ATMAK I FARM exhibition

Italy is the only foreign country participating, with a national pavilion, at Atmak I Farm exhibition 2019 in Tehran (International Exhibition of Agriculture, Irrigation Systems, Agriculture Machinery, Inputs, Horticulture and Gardening, and Related Industries) from 24th till 27 September 2019.

EAEU Business Council, ICCIMA ink cooperation MOU

TEHRAN – Iranian Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) signed a memorandum of understanding (MOU) with the Eurasian Economic Union (EAEU) Business Council, on Wednesday, for mutual cooperation.

Domestic companies ink $1.2b port development deal

TEHRAN –Iran’s private sector has signed a 50-trillion-rial (nearly $1.2 billion) contract for developing Shahid Rajaie port in southern Iran, IRNA reported, quoting the head of Hormozgan Province Ports and Maritime Department as saying on Tuesday.

Iran Plast 2019: a showcase for Iranian petchem power

TEHRAN – After four busy days, the 13th edition of Iran’s International Exhibition of Plastic, Rubber, Machinery and Equipment (IRAN PLAST 2019) was finally wrapped up on Wednesday.

Forming ministry of trade and commercial services a must: official

TEHRAN – Iran’s deputy industry, mining and trade minister in parliament affairs said establishing a separate ministry for trade and commercial services is a requirement for handling such affair in the country, Shata reported on Tuesday.

Minerals extraction at 500m tons in a year

TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani put the country’s minerals extracted in the past Iranian calendar year (ended on March 20, 2019) at 500 million tons, IRNA reported.

BY: Ebrahim Fallahi

‘Iran pushing to double petrochemical production by 2025’

TEHRAN - Nowadays, petrochemical industry is playing a crucial role in Iran's non-oil economy. According to official data, petrochemical exports constitute the second largest hard currency earner in Iran after crude oil. Petrochemical exports already make up nearly 33 percent of the country’s non-oil exports.

‘Syria needs Iran as a real friend for its reconstruction’

TEHRAN- Syrian Minister of Petroleum and Mineral Resource Ali Suleiman Ghanem said that his country welcomes presence of Iranian companies in the Syrian projects, reiterating that Syria needs Iran as a real friend for its reconstruction, IRNA reported.

Iran ready to reconstruct Syria’s oil, petchem industries: Zanganeh

TEHRAN- During his meeting with Syrian Minister of Petroleum and Mineral Resource Ali Suleiman Ghanem on Tuesday, Iranian Oil Minister Bijan Namdar Zanganeh expressed his country’s readiness to contribute to reconstruction of oil and petrochemical industries in Syria, IRIB reported.