Category: Economy and markets
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 […]

Monthly petchem production up 7% yr/yr_thumbnail

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 […]

Iran ranked world’s 10th largest steelmaker in Q1 2021: WSA_thumbnail

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 […]

Iran-Oman trade could be boosted to $5b_thumbnail

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 […]

Parliament’s committee reforms plan of car offering at IME_thumbnail

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 […]

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