An efficient economic system necessary for a new Islamic civilization: expert

As an annual tradition, Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei addresses the nation and determines a name for the new year. This year has been named the year of “Surge in Production.”

Over $713m worth of state-run shares divested in a year

TEHRAN- Iranian Finance and Economic Affairs Ministry announced that over 29.98 trillion rials (about $713.8 million) worth of the shares of state-run companies has been transferred to the private sector during the past Iranian calendar year (ended on March 19, 2020), IRNA reported on Friday.

‘Iran’s gas production stable despite sanctions’

TEHRAN- Iran has managed to have a stable gas production status despite the sanctions on the country’s energy sector, the managing director of National Iranian Gas Company (NIGC) underscored.

ISIPO revives 1,185 idle production units in a year

TEHRAN – Iran Small Industries and Industrial Parks Organization (ISIPO) managed to revive 1,185 idle production units across the country during the past Iranian calendar year (ended on March 19), Tasnim news agency reported quoting a deputy with ISIPO.

IDRO outlines operational program toward ‘Surge in Production’

TEHRAN- Iran’s Industrial Development and Renovation Organization (IDRO) has outlined an operational program for increasing productivity and efficiency toward surge in production, the board chairman of the organization announced.

Improvement of oil refining process on agenda in this year: NIORDC

TEHRAN- National Iranian Oil Refining and Distribution Company (NIORDC) has improvement of refining process at the country’s oil refineries atop agenda of its activities in the current Iranian calendar year (began on March 19), according to the deputy managing director of company.

Finance Ministry outlines plans to materialize ‘Surge in Production’

TEHRAN- Iranian Finance and Economic Affairs Ministry has outlined a roadmap to materialize the motto of the current Iranian calendar year (started on March 20) which is “surge in Production”, the deputy finance and economy minister stated.

Annual worth of trades at TSE rises 2.6 folds

TEHRAN- The value of trades at Tehran Stock Exchange (TSE), the main stock exchange of Iran, jumped 2.6 folds in the past Iranian calendar year (ended on March 19), TSE Head Ali Sahraei announced.

By: Ebrahim Fallahi

Indigenizing petchem catalysts: a big step toward total independence

TEHRAN – As the second-biggest source of revenue for Iran, the petrochemical industry is one of the most important pillars of the country’s resilient economy and one of the main suppliers of foreign currency especially the euro for the country.

Over $17.8b of facilities to be paid to production units

TEHRAN- Iranian banking system will offer 750 trillion rials (about $17.85 billion) of facilities to the production units hurt by the current economic condition in the country, the governor of Central Bank of Iran (CB) announced.