Tehran, New Delhi stress preserving, expanding bilateral trade

TEHRAN- During a meeting between Indian Ambassador to Tehran Gaddam Dharmendra and Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari at the place of TCCIMA on Monday, the two sides emphasized the necessity to preserve Iran-India trade ties at the first step and expand it at the next stride.

TCCIMA hosts Iran-India business forum

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) held an Iran-India business forum at the place of the chamber on Tuesday, TCCIMA website published.

Over $35b supplied for import of basic goods since last March

TEHRAN- Despite the U.S. sanctions and their most pressures on Iranian economy Iran has managed to supply $35.5 billion for importing basic commodities in the current Iranian calendar year (began on March 21, 2019), Central Bank of Iran (CBI)’s governor informed on Tuesday.

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PMO allocates over $857m for maritime reform plan

TEHRAN – Iran’s Ports and Maritime Organization (PMO) has allocated 36 trillion rials (about $857.2 million) of its budget resources for a program to develop the country’s maritime industry, IRNA reported on Tuesday, quoting the PMO head.

By Ebrahim Fallahi

S. Korean companies leave Iran: Such a pity! But for them

TEHRAN – South Korea’s LG Electronics and Samsung have ended their presence in the Iranian market over the past few months, abiding by the U.S. pressures for cutting ties with one of their biggest markets.

Iran unveils domestically-made drilling rig

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh unveiled a domestically-built drilling rig in a ceremony held in Khuzestan province, southwestern Iran on Tuesday.

Promoting domestic production a ‘must' in the sanctions era: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh says promoting the country’s domestic production in various areas is a key to Iran’s economic development during the sanctions, Shana reported.

Inflation rate seen to fall to 20% next year

TEHRAN- Inflation rate in Iran is predicted to go down to under 20 percent in the coming Iranian calendar year (begins on March 19), Central Bank of Iran (CBI) Governor Abdolnaser Hemmati announced on Tuesday.

TEDPIX, IFX rising more

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 4,062 points to 476,812 on Monday, IRNA reported.