TEHRAN – Iran and Austria are working on 17 joint environmental projects worth €400,000, seven of which have so far been completed, ISNA reported on Wednesday. Out of 17 joint projects between Iran and Austria, seven projects are almost completed and nine other projects were delayed due to the conditions caused by the coronavirus pandemic, […]

TEHRAN – Iran and Armenia are exploring ways for expanding transport and trade cooperation as the Islamic Republic is looking for using Armenia as part of its South-North transit corridor. The two countries, which eye boosting mutual trade up to $1 billion annually, have exchanged several trade delegations over the past few months to discuss […]

TEHRAN- In a recent article, Ali Chagharvand, the planning director of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), expounded upon the economic condition that Iran’s next government will face. What comes as follows is a summary of his comments. The new government is scheduled to take office in the middle of the current […]

TEHRAN – Iranian Petropars Group, which is in charge of developing the South Azadegan oil field, has inked a deal with a local contractor called Dana Energy Company for adding 10,000 barrels per day (bpd) to the field’s output capacity. The mentioned Engineering, Procurement, Drilling (EPD) contract includes engineering services, procurement, drilling, drilling services, and […]

TEHRAN – Siavash Arjmandzadeh, the director general of ports and maritime department of southwestern Bushehr Province, has announced that the port is ready for receiving large-scale vessels with over 45,000 tons of capacity. Mentioning the dredging operations conducted in the port over the past two years, Arjmandzadeh said: “The access channel of Bushehr port has […]

TEHRAN – Iranian Deputy Transport and Urban Development Minister Kheirollah Khademi has said 440 kilometers (km) of freeways and 1,200 km of highways will be added to the country’s road network by the end of the current Iranian calendar year (March 2022). Khademi noted that the ministry prioritized the completion of nine major freeway projects […]

TEHRAN- During the past Iranian calendar week (ended on Friday), 861,793 tons of commodities worth $554 million were traded at Iran Mercantile Exchange (IME). According to a report by the IME’s International Affairs and Public Relations Department, the exchange traded on its mineral and industrial trading floor, 518,793 tons of commodities worth more than $350 […]

TEHRAN – The indigenization of the knowledge for the production of equipment and materials needed in the gas industry is saving Iran $19 million every year, an official with the National Iranian Gas Company (NIGC) announced. “Currently, more than 90 percent of adsorbents, more than 95 percent of catalysts, and over 90 percent of solvents […]

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 […]