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 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

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

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

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

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

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

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

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.

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.