Economy

Over $2.3b of facilities paid to SMEs, semi-finished projects in 2 months

TEHRAN - Iran’s Ministry of Industry, Mining and Trade’s data show that 99.161 trillion rials (about $2.36 billion) has been paid to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with an over 60 percent physical progress during the first two months of the current Iranian calendar year (March 21-May 21).
Research institutes ink MOU to co-study Oman Sea gas reserves

TEHRAN - Research Institute of Petroleum Industry (RIPI) and the Iranian National Institute for Oceanography and Atmospheric Science have signed a memorandum of understanding (MOU) for cooperation in studying gas hydrate resources in the Oman Sea, Shana reported.
Exports of dried fruits, nuts up 36% in 2 months yr/yr

TEHRAN – The value of the Iranian exports of dried fruits, nuts and seeds in the first two months of the current Iranian calendar year (March 21-May 21) increased by 36 percent compared to the same period last year, a senior official at Iran’s Trade Promotion Organization (TPO) said.

Tehran hosting intl. paper, related machinery exhibition

TEHRAN- Iran’s 4th International Specialized Exhibition of Paper, Cardboard, Cellulose Products, and Related Machinery kicked off at the Tehran Permanent International Fairgrounds on Monday, IRNA reported.
Iran among the leading countries in maritime telecommunications

TEHRAN – Mohammad-Reza Allahyar, the deputy of engineering and infrastructure development at Iran’s Ports and Maritime Organization (PMO), has said Iran is among the world’s leading countries in maritime technologies and telecommunications.
Exports to Syria jumps 73% in 2 months on year

TEHRAN- Iran’s value of export to Syria hit $49 million during the first two months of the current Iranian calendar year (March 21-May 21), which was 73 percent higher than the figure for the same period of time in the past year, a director in Iran’s Trade Promotion Organization (TPO) announced.
NIOC uses homemade downhole gauges in exploration wells for 1st time

TEHRAN – The Exploration Department of the National Iranian Oil Company (NIOC) has announced the successful installation of domestically-made downhole gauges in some oil exploration wells in the country.
Issuance of industrial unit establishment permits rises 27% in 2 months

TEHRAN – According to the latest data released by Iran’s Industry, Mining and Trade Ministry, during the first two months of the current Iranian calendar year (March 21-May 21) 6,489 permits have been issued for establishing new industrial units in the country, which marked a 27-percent increase year on year.
Exports of dried fruits, nuts up 36% in 2 months yr/yr

TEHRAN – The value of the Iranian exports of dried fruits, nuts and seeds in the first two months of the current Iranian calendar year (March 21-May 21) increased by 36 percent compared to the same period last year, a senior official at Iran’s Trade Promotion Organization (TPO) said.
TEDPIX gains 1,600 points on Sunday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 1,691 points to 1.163 million on Sunday.
Research institutes ink MOU to co-study Oman Sea gas reserves

TEHRAN - Research Institute of Petroleum Industry (RIPI) and the Iranian National Institute for Oceanography and Atmospheric Science have signed a memorandum of understanding (MOU) for cooperation in studying gas hydrate resources in the Oman Sea, Shana reported.
IME’s value of weekly trades up 18%

TEHRAN- The value of trades at Iran Mercantile Exchange (IME) increased 18 percent during the past Iranian calendar week (ended on Friday).
Over $2.3b of facilities paid to SMEs, semi-finished projects in 2 months

TEHRAN - Iran’s Ministry of Industry, Mining and Trade’s data show that 99.161 trillion rials (about $2.36 billion) has been paid to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with an over 60 percent physical progress during the first two months of the current Iranian calendar year (March 21-May 21).