Category: Economy and markets
Power of Hope program boosts number of low consuming subscribers by 4%_thumbnail

TEHRAN- Iranian Energy Ministry’s Spokesman for Electricity Industry Mostafa Rajabi Mashhadi announced that the implementation of the “Power of Hope” program has increased the number of low consuming subscribers by four percent. He said, “It seems that the Power of Hope program is on its way and the subscribers have been informed about this issue.” […]

Iran tourism minister hopes for a ‘sincere return’ to cherish global heritage_thumbnail

TEHRAN – Cultural Heritage, Tourism, and Handicrafts Minister Ali-Asghar Mounesan issued a message on the occasion of International Day for Monuments and Sites, hoping for an “imminent end to the coronavirus [crisis] and a sincere return of human to cherish the global heritage”. The message highlights cultural assets of the country and its importance for […]

Italian companies eager for return to Iranian market_thumbnail

TEHRAN – Chairman of Iran-Italy Joint Chamber of Commerce Ahmad Pourfallah has said Italian companies are still eager to engage in trade with Iran and are preparing to return to the Islamic Republic, ILNA reported on Monday. “Many Italian companies are preparing to re-enter Iran after the sanctions are lifted and in this regard, we […]

Annual production of textile, clothing and leather products doubles_thumbnail

TEHRAN – Production of textile, clothing, and leather products in Iran doubled in the previous Iranian calendar year (ended on March 20), a board member of the Iranian Tanners Association announced. “This success was achieved at a time when entrepreneurs in the textile, apparel, and leather industries were facing lots of problems in the previous […]

Iran puts 21% rise in annual foreign trade on agenda_thumbnail

TEHRAN – Head of Iran’s Trade Promotion Organization (TPO) said the country has put a 21-percent rise in foreign trade on the agenda for the current Iranian calendar year 1400 (started on March 21), IRNA reported. Speaking in a press conference on Monday, Hamid Zadboum said two scenarios have been considered for the current calendar […]

TEDPIX loses 8,000 points on Monday_thumbnail

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 8,082 points to 1.216 million on Monday. Over 3.139 billion securities worth 30.516 trillion rials (about $726.5 million) were traded at the TSE on Monday. The first market’s index fell 7,065 points, and the second market’s index dropped 12,364 points. Unprecedented fluctuations in the […]

How can govt. really support stock market?_thumbnail

TEHRAN – Unprecedented fluctuations in the Iranian stock market over the past few months have led shareholders, experts, and scholars to call for the government to increase its support for the market, some shareholders want the government to guarantee the return of their stocks, some believe providing infrastructure is the best way to help this […]

Annual aluminum ingot production up 61%_thumbnail

TEHRAN – Production of aluminum ingot in Iran rose 61 percent during the previous Iranian calendar year 1399 (ended on March 20) compared to the figure for the preceding year. The country’s aluminum ingot output stood at 446,800 tons in the previous year, data released by the Iranian Mines and Mining Industries Development and Renovation […]

TEDPIX drops 9,000 points on Sunday_thumbnail

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 9,000 points to 1.224 million on Sunday. Over 1.116 billion securities worth 14.709 trillion rials (about $350.2 million) were traded at the TSE on Sunday. The first market’s index fell 7,537 points and the second market’s index dropped 14,928 points. TEDPIX fell 6,000 points, […]

How govt. can really support stock market?_thumbnail

TEHRAN – Unprecedented fluctuations in the Iranian stock market over the past few months have led shareholders, experts, and scholars to call for the government to increase its support for the market, some shareholders want the government to guarantee the return of their stocks, some believe providing infrastructure is the best way to help this […]

Annual exports from West Azarbaijan rise 62%_thumbnail

TEHRAN- The value of exports from West Azarbaijan province, in the northwest of Iran, increased 62 percent during the past Iranian calendar year (ended on March 20), according to an official with the customs department of the province. Tohid Azarbod announced that commodities worth $2.997 billion were exported from the province in the past year. […]

Tehran housing market records an 85% annual growth_thumbnail

TEHRAN – The housing market in Tehran was the second-highest returning market in Iran among the country’s four major markets in the previous Iranian calendar year (ended on March 20) with 85 percent annual growth, ISNA reported. As reported, the information obtained from Kilid website (which is a major platform for housing trades) indicated that […]

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