TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 20,421 points to 1.107 million on Sunday. As reported, over 3.897 billion securities worth 30.093 trillion rials (about $716.5 million) were traded at the TSE on Sunday. The first market’s index dropped 388,201 points, and the second market’s index fell 38,793 points. TEDPIX lost […]

TEHRAN – Five of Iran’s top enterprises have signed memorandums of understanding (MOUs) with the Industry, Mining, and Trade Ministry to invest three quadrillion rials (about $71.4 billion) in industrial projects. The mentioned MOUs have been signed under the framework of a program dubbed “Resilient Economy with Top Enterprises” in which the Industry Ministry defines […]

TEHRAN- Iran’s deputy energy minister for electricity affairs announced that power consumption in the country has risen 7,000-8,000 megawatts (MW) since the beginning of the current Iranian calendar year (March 21), as compared to the same period of time in the past year. “We have started a warm year, Homayoun Haeri said, adding, “In the […]

TEHRAN- A provincial official announced that 80 mining licenses for the inactive mining areas of North Khorasan province, in the northeast of Iran, will be awarded to the private sector through tenders. Hossein Haji-Beglou, the head of the province’s Industry, Mining, and Trade Department, said that the tenders will be held in the next Iranian […]

TEHRAN – National Iranian South Oil Company (NISOC) is going to conduct a project for collecting the flare gases of Mansouri and Marun oil fields in southwestern Iran to offer them to the private sector buyers. According to the Head of NISOC’s HSE Department Mohammadreza Naderi, the mentioned project is aimed at protecting the environment […]

TEHRAN- During the past Iranian calendar year, the value of trades at Iran Mercantile Exchange (IME) rose four percent. According to a report by the IME’s International Affairs and Public Relations Department, 631,879 tons of commodities worth $400 million were traded at the exchange in the past week, showing also two percent rise in terms […]

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 791 point to 1.188 million on Sunday. Over 5.248 billion securities worth 34.909 trillion rials (about $831 million) were traded at the TSE on Sunday. As reported, the first market’s index dropped 217 points and the second market’s index fell 2,844 points. TEDPIX gained […]

TEHRAN – Managing Director of Iranian Organization of Targeted Subsidies has said that 320 trillion rials (about $7.61 billion) of the revenues earned from the government’s subsidy reform plan has been allocated for supporting domestic production in the current Iranian calendar year (started on March 21). Referring to the need to support production and improve […]

TEHRAN – Iranian Industry, Mining, and Trade Ministry has issued a three-month waiver for some approved steel production units to be able to export steel products especially long sections, ILAN reported. The mentioned waiver will come into effect as of May 15, the report said. The Industry Ministry had restricted the exports of steel products […]

TEHRAN – Some 2.9 trillion rials (nearly $70 million at the official rate of 42,000 rials) worth of smuggled goods have been seized across the country. The first phase of a nationwide plan to intensify the fight against smuggling goods was implemented across the country last week, Mohammad Reza Moghimi, the police chief, said on […]

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 5,682 points to 1.157 million on Monday. As reported, over 9.27 billion securities worth more than 45 trillion rials (about $1.07 billion) were traded at the TSE, Iran’s major stock exchange, on Monday. The first market’s index gained 5,444 points, and the second market’s […]

TEHRAN- The managing director of Industrial Parks Company of Iran’s western Kordetsan province said that 45 idle industrial units are planned to be returned to the production cycle by the end of the current Iranian calendar year (March 20, 2022). Saying that 29 percent of the units in the industrial parks of Kordestan are inactive, […]