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Iran Stands Firm on Plane Contracts: Official
EconomyThe CEO of Iran Air stressed that the country would push for the delivery of the passenger planes it has purchased from Airbus.
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South Pars gas production set to reach 630 mcm/d by March
EconomyIran’s gas recovery for the giant South Pars Gas Field in the Persian Gulf is projected to increase by 56 million cubic meters per day by the end of the current fiscal (March 2019), which will increase the field’s total gas production capacity to 630 mcm/d.
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Iran’s CAO to Facilitate Airplane Purchases, Official Says
EconomyHead of Iran’s Civil Aviation Organization (CAO) Ali Abedzadeh highlighted the country’s need for at least 500 civil airplanes and said the CAO is trying to facilitate importing such aircraft.
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CBI calls on banks, exchange shops to buy ordinary people’s dollars
EconomyAs the prices of foreign currencies against that Iranian rial continued to fall on Wednesday, the Central Bank of Iran (CBI) called on state banks and exchange shops to buy the US dollars that people offered to sell in the free market to avoid further depreciation of their properties.
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Iran, India stress cooperation in health sector
EconomyIranian and Indian health ministers in a meeting on Wednesday stressed elevation of cooperation in health sector.
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Hormuzgan exports first non-oil consignment to Oman
Economy Head of Industry, Mine and Trade in Hormuzgan Khalil Qasemi said on Wednesday that launching of sea route connecting Jask island to Sowigh led to shipment of the first no-oil consignment to Oman.
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66% rise in commodity exports to Iraq in 8 months
EconomyThe value of exports to Iraq in the first eight months of this Iranian year (started March 21, 2018) was $6.757 billion, a growth of 66.59 % in weight and 66.14 % in value over the same period last year.
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Iran’s eight-month minerals exports near $7b
EconomyIran exported 39.882 million tons of minerals worth $6.874 billion during March 21-November 21, which shows a seven-percent growth in terms of value and a 10-percent decline in terms of weight.
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ISPA chief: Iran capable of exporting 10m tons of steel by March 2019
EconomyIran has the capacity to export between nine million tons to 10 million tons of steel by March 2019 if the outcomes of plans are favorable and conditions are ripe for exports, said the head of the Iranian Steel Producers’ Association (ISPA).
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The impact of U.S. sanctions on Iranian oil industry, market in focus
EconomyRight from the day Trump withdrew from Iran’s nuclear deal, announcing his plan for cutting Iranian oil exports to zero, the oil scholars and experts all around the world begun contemplating the impacts of this decision on the Iranian oil industry especially on the country’s oil exports.
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Iran's financial channels activated, US dollar removed: CBI Chief
EconomyThe Director - General of the Central Bank of Iran announced start of Iran's financial channels with several countries and removing the dollar from Iran's trade exchanges with those countries.
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Iran to decide about making Tehran smart city: Minister
EconomyMinister of Communications and Information Technology said that it had to be wise and better decide for the city of Tehran, in addition to paying attention to the smart economy.
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Iran, China Resume Banking Transactions
EconomyFinancial and banking transactions between Iran and China would resume as of Monday, vice chairman of Iran-China Joint Chamber of Commerce announced.
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Tehran to host Iran Expo (2018) exhibit in December
EconomyThe Iranian capital, Tehran will host Iran Expo (2018) exhibit in December (13-16).
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New vision for investing in Iranian start-up ecosystem
EconomyIran's Vice–President for Science and Technology said that there is a new insight into country for investment in the ecosystem and knowledge-based companies.
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Shahid Rajaei Port throughput reaches 50m tons in 8 months
EconomyOver 49.5 million tons of oil and non-oil products were loaded and unloaded at Shahid Rajaee Port in the southern Hormozgan province during the past eight months of the Iranian fiscal year (March 21- Nov. 21), the director general of Hormozgan Ports and Maritime Organization.
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Iran, Iraq to finish railroad
EconomyAn advisor to Iran First Vice President Ishaq Jahangiri and Iraq's minister of transport discussed finishing the railroad between Iran and Iraq on Sunday.
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Knowledge-based companies entered Iran's air industry: CAO head
EconomyThe head of the Iranian Civil Aviation Organization said that in recent years knowledge-based companies have made good investments in the air industry and should extend their cooperation and cooperation in this area.
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400,000 tons of cement exported from Iran's province in 8 months
EconomySome 400 thousand tons of clinker has been sent from Hormuzgan Province, southern Iran since the beginning of the Iranian year (March 20), said the head of the office for the industries affairs of Industries, Mining and Trade Organization of the province.
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Gas exports to Iraq resumed
EconomyThe gas exports to Iraq, which had been suspended for some time due to the damage of the sixth line of gas transmission, was resumed by the restoration of the line.
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Iran govt. unveils next year's budget bill
EconomyMohammad Baqer Nobakht, head of Iran’s Budget and Planning Organization, says the budget bill for the next Iranian calendar year that begins on 21 March 2019 has been submitted to the Parliament.
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Interior minister says economic conditions is stable
EconomyIranian Interior Minister highlighted the current stable economic conditions of the country and urged domestic media to continue the current supportive trend in their news dissemination.
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Iran’s oil incomes still rising
EconomyThe statistics for Iran’s oil exports and the price of each oil barrel of the country suggests that Iran’s oil incomes are still rising compared to the figures in the previous year, according to the Head of Iran’s Plan and Budget Organization Mohammad-Baqer Nobakht.
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Iran finding new oil customers: First vice president
EconomyIran has found new customers for its oil and is holding talks with the traditional buyers to find new ways to cooperate with other nations, the country's first vice-president said on Sunday.
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Qatar Airways will continue flights to Iran, unfazed by US sanctions
EconomyQatar Airways Group has expressed its commitment to continuing flights to Iran, saying it will not be affected by the US sanctions against the Islamic Republic.
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Syrian president condemns terror attack in Iran
PoliticsSyrian President Bashar al-Assad in a message to President Hassan Rouhani condemned Ahvaz terrorist attack and said that Syria is standing by Iran against terrorist moves.
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Iran sets up new special economic zones
EconomyIranian parliament voted in favor of forming special economic zone in Khalkhal, Kiyashshar and Faridan making the number of new special economic zones in the country to hit 101.
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Exports from Sistan-Balouchestan reach 477,000 tons
Economy477,000 tons of commodity worth $160m was exported from Sistan and Balouchestan province in the first five months of the current Iranian year (beginning March 21).
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1,900 tourism projects to be implemented: Senior official
EconomyCompletion of 1,200 tourism projects out of 1,900 by the end of President Rouhani’s government (2020) has given a momentum to tourism industry, said the head of Iran’s tourism body.
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Largest wind farm opens in NW Iran
EconomyIran's largest wind farm was inaugurated in Shiahpoosh region in Qazvin Province on Monday during a ceremony attended by Minister of Energy Reza Ardakanian.
