• Processed iron ore output rises 19% in 5 months on year

    Processed iron ore output rises 19% in 5 months on year

    TEHRAN- Iran’s output of processed iron ore increased 19 percent during the first five months of the current Iranian calendar year (March 21-August 22) compared to the same period of time in the past year, IRIB reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

  • India set to pay for Iranian oil using rupee from November: sources

    India set to pay for Iranian oil using rupee from November: sources

    India may revert to paying Iran in rupees for the oil it buys from its third largest supplier as U.S. sanctions will from November 4 block use of U.S. dollars to settle such trades, a top official said Thursday.

  • VW rejects Trump envoy's take on Iran pullout

    VW rejects Trump envoy's take on Iran pullout

    Carmaker Volkswagen AG rejected on Thursday a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump’s ambassador to Germany, saying its position on the country had not changed.

  • Iran’s exports to U.S. grows 37.8% in 5 months

    Iran’s exports to U.S. grows 37.8% in 5 months

    TEHRAN- During the first five months of the present Iranian calendar year (March 21-August 22, 2018), Iran’s exports to the U.S. reached $45.11 million, increasing by 37.8 percent in comparison with the same time span in the preceding year, according to the latest data released by the Islamic Republic of Iran Customs Administration (IRICA).

  • $476m of state-run shares divested since March

    $476m of state-run shares divested since March

    TEHRAN- Iranian Privatization Organization (IPO) has offered 20 trillion rials (about $476 million) of state-run shares to the private sector since the beginning of the present Iranian calendar year 1397 (March 21, 2018), IRIB reported.

  • Iran will veto any decision against its interests: Zanganeh

    Iran will veto any decision against its interests: Zanganeh

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran will definitely veto any decision which threatens its interests.

  • Exports from mining sector up 15%

    Exports from mining sector up 15%

    TEHRAN - Iran’s exports of minerals rose 15 percent in the first five months of the current Iranian calendar year (March 21-August 21) compared to the same period last year.

  • Sahraie appointed new director of TSE

    Sahraie appointed new director of TSE

    TEHRAN- Board of directors at Tehran Stock Exchange appointed Ali Sahraie as the new director of TSE.

  • GDP growth at 1.8% in spring

    GDP growth at 1.8% in spring

    TEHRAN- Iran's growth of gross domestic product (GDP) stood at 1.8 percent in the first three months of the current Iranian calendar year 1397 (March 21-June 21), corresponding to spring 2018, data released by Central bank of Iran (CBI) showed.

  • Capital market unfazed by economic problems

    By Haniyeh Sadat Jafariyeh

    Capital market unfazed by economic problems

    TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 3,058.12 points or 1.97% on Saturday to end trading at 158,119.2. About 4.16 billion shares valued at $120.88 million changed hands at TSE for the day. The index added 3,000 points to reach 158,000.