TEHRAN – Iran’s petrochemical production in the first month of the current Iranian calendar year (March 21-April 20) increased by seven percent compared to the same month in the previous year, an official with the National Petrochemical Company (NPC) announced. The country’s petrochemical complexes produced 5.5 million tons of products in the mentioned month, according […]

TEHRAN – Iran was ranked the world’s tenth-largest steel producer in the first three-month of 2021, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced referring to the data released by the World Steel Association (WSA). According to the WSA’s data, Iran produced 7.5 million tons of crude steel in Q1 2021, registering […]

TEHRAN – Head of Iran-Oman Joint Chamber of Commerce said the two countries have the potential to raise their trade level to $5 billion per year. “Given the favorable conditions for diversifying Iranian exports to Oman and the existing infrastructure for re-export in Oman, there is a capacity to increase the volume of trade between […]

TEHRAN- A member of the parliament’s Industries and Mines Committee said that the plan of offering cars at Iran Mercantile Exchange (IME) has been investigated and reformed in a meeting of this committee on Sunday. Rouhollah Izadkhah said, “In today’s meeting, the committee approved that in a situation where the car market is facing imbalances […]

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.” […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]