TEHRAN – Deputy Head of Iran’s Mass Construction Association Iraj Rahbar has said the country’s contractors are capable of constructing one million housing units a year if the necessary funding and land is provided, IRNA reported. Mentioning a plan for the construction of one million affordable housing units per year by the new government, Rahbar […]

TEHRAN – Behrouz Aghaei, the director-general of Ports and Maritime Department of Sistan-Baluchestan Province in southeastern Iran, has said the country’s largest fully mechanized grain silo, with a loading and unloading capacity of 1,200 tons per hour, will be put into operation in the next Iranian calendar year (starts in March 2022). The construction operations […]

TEHRAN — The Central Bank of Iran (CBI) reported on Tuesday it has begun legal procedures to pursue action against baseless charges of the Bahraini High Criminal Court. The central bank, based on the agreement on encouragement and mutual support of investment between the government of the Islamic Republic of Iran and the government of […]

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 17,716 points to 1.375 million on Tuesday. As reported, over 6.966 billion securities worth 47.296 trillion rials (about $1.126 billion) were traded at the TSE on Tuesday. The first market’s index gained 9,725 points, and the second market’s index rose 45,844 points. TEDPIX had […]

TEHRAN- Iran’s Transport and Urban Development Minister Mohammad Eslami announced that the country’s length of freeway network will be increased to 3,100 kilometers in the coming weeks. As announced two weeks ago by the deputy minister, there is currently 20,000 kilometers of highways and 2,500 kilometers of freeways across the country. Back in May, Kheirollah […]

TEHRAN – Car manufacturing by Iran’s major carmakers rose 11.2 percent during the first four months of the current Iranian calendar year (March 21- July 22), as compared to the same period of time in the past year, the data released by Codal website showed. Three major carmakers, namely Iran Khodro Company (IKCO), SAIPA Group, […]

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), climbed 34,962 points to 1.351 million on Saturday, which is the first day of Iranian calendar week. As reported, over 7.542 billion securities worth 58.18 trillion rials (about $1.385 billion) were traded at the TSE on Saturday. The first market’s index rose 28,642 points, and […]

TEHRAN –A total of 17 hotels and apartment hotels are being constructed across the central province of Qom, adding 2894 beds to the province’s hospitality sector. Over 16 trillion rials (about $381 million at the official exchange rate of 42,000 rials per dollar) has been invested in the hotel projects, the provincial tourism chief has […]

TEHRAN- The value of trades at Iran Mercantile Exchange (IME) increased 150 percent during the past Iranian calendar week (ended on Friday). As reported by the IME’s Public Relations and International Affairs Department, 895,813 tons of various types of commodities with a total value of more than $290 million were traded at the exchange, showing […]

TEHRAN- During the past Iranian calendar month (June 22-July 22), 4.21 million tons of commodities worth $1.56 billion were traded at Iran Mercantile Exchange (IME). As reported by the IME’s Public Relations and International Affairs Department, the volume of traded commodities shows an 11-percent growth on a monthly basis. According to the report, the exchange […]

TEHRAN – Iran’s thermal power plants generated 106 million megawatt-hours of electricity since the beginning of the current Iranian calendar year (March 21) up to July 13, registering a 14-percent rise compared to the previous year’s same period. According to Esmail Namazi, the director-general of Research and Construction Office of Thermal Power Plants Holding Company […]

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 414 points to 1.303 million on Tuesday. As reported, over 7.935 billion securities worth 67.351 trillion rials (about $1.6 billion) were traded at the TSE on Tuesday. The first markets’ index dropped 1,148 points, and the second market’s index lost 201 points. TEDPIX rose […]