Category: Economy and markets
Iran ranks 1st among West Asia’s top electricity producers_thumbnail

TEHRAN – Deputy Head of Iran Electricity Industry Syndicate said Iran is currently the region’s top country in terms of power generation with over 85 gigawatts of installed capacity, IRNA reported. Payam Baqeri said the electricity industry is a productive and strategic industry which is considered infrastructure for many other sectors and is a prerequisite […]

Stock market seen improving over the next 1.5 months_thumbnail

TEHRAN – A capital market analyst says that TEDPIX, the main index of Tehran Stock Exchange (TSE), is going to improve over the next 1.5 months in comparison to the first 1.5 months of the current Iranian calendar year (started on March 21). Rouzbeh Shariati believes reaching a possible agreement on the nuclear deal, the […]

250 industrial projects with over 60% progress to be completed by Mar. 2022_thumbnail

TEHRAN – Iranian Industry, Mining, and Trade Ministry plans to complete 250 important industrial projects with over 60 percent physical progress by the end of the current Iranian calendar year (March 20, 2022). According to the Industry Ministry’s programs for the current year, pioneering projects including steel sheet production units and knowledge-based projects are the […]

Monthly transit of goods via Shahid Rajaee port up 160% yr/yr_thumbnail

EHRAN- Transit of goods through Shahid Rajaee port, Iran’s largest and best-equipped container port, increased 160 percent in the first month of the current Iranian calendar year (March 21-April 20), as compared to the same period of time in the past year, according to a provincial official. Alireza Mohammadi Karajiran, the director-general of Ports and […]

TEDPIX gains 5,200 points on Wednesday_thumbnail

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 5,203 points to 1.172 million on Wednesday. Over 4.262 billion securities worth 31.327 trillion rials (about $745.8 million) were traded at the TSE (Iran’s major stock exchange) on Wednesday. The first market’s index rose 6,193 points, and the second market’s index climbed 2,302 points. […]

Mining sector records annual positive trade balance_thumbnail

TEHRAN – Iranian mining industry has registered a $4.271 billion positive trade balance in the previous Iranian calendar year (ended on March 20), according to the Industry, Mining and Trade Ministry data. Based on the mentioned data, some 55.124 million tons of minerals and mining industry products worth $7.682 billion were exported in the previous […]

Dollar sinks against Iranian rial on hopes of deal in Vienna_thumbnail

TEHRAN — The US dollar has hit a new low against the Iranian currency rial mainly on unconfirmed reports suggesting that Iran and major powers would reach a deal in the Austrian capital to revive an international deal on the country’s nuclear program, Press TV reported. The dollar closed at 222,700 against the rial on […]

Monthly exports from Markazi province tripled yr/yr_thumbnail

TEHRAN- The value of exports from Markazi province, in the central Iran, was tripled in the first month of the current Iranian calendar year (Mach 21-April 20), as compared to the first month of the past year, according to a provincial official. Esmaeil Hosseini, the director-general of the province’s customs department, said 96,000 tons of […]

40 idle production units revived in Qazvin province in a year_thumbnail

TEHRAN- As announced by a provincial official, 40 idle production units were revived in Qazvin province, in the northwest of Iran, in the past Iranian calendar year (ended on March 20). Hamidreza Khanpour, the managing director of Qazvin’s Industrial Parks Company, also said that 100 idle units are planned to return to the production cycle […]

Iran-EAEU annual trade hits $2.1b_thumbnail

TEHRAN- The value of non-oil trade between Iran and the members of the Eurasian Economic Union (EAEU) reached $2.1 billion in the previous Iranian calendar year (ended on March 20), data released by Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) showed. Based on the mentioned data, the value of trade shows an 11-percent […]

Annual cement production exceeds 68m tons_thumbnail

TEHRAN- Iran produced 68.3 million tons of cement during the past Iranian calendar year (ended on March 20), the secretary of Cement Industry Employers Association announced. Abdolreza Sheikhan also said that the annual output can reach over 70 million tons in the current year. According to the production statistics of 68.3 million tons in the previous […]

Iran’s steel output to reach 32m tons by Mar. 2022_thumbnail

TEHRAN – Iran is planning to produce 32 million tons of steel in the current Iranian calendar year (March 2021-March 2022) to register a 27.7 percent rise compared to the figure for the previous year (ended on March 20). Based on the Industry, Mining, and Trade Ministry data, Iranian steel companies managed to produce 28.374 […]

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