Category: Economy and markets
Non-oil export from Hormozgan province increases 47% in H1_thumbnail

TEHRAN- The value of non-oil export from Hormozgan province in the south of Iran rose 47 percent during the first half of the current Iranian calendar year (March 21-September 22), as compared to the same period of time in the past year, a provincial official announced. Abolfazl Akbarpour, the director-general of the customs office of […]

Bank loans to economic sectors increase 58%_thumbnail

TEHRAN- Iranian banking system has paid 12.41 quadrillion rials (over $295.49 billion) of facilities to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-September 22), registering a 57.9-percent rise from the same period in the previous year, IRIB reported. According to the data provided by the Central Bank […]

Copper anode output stands at over 178,000 tons in H1_thumbnail

TEHRAN- Iran produced 178,784 tons of copper anode in the first half of the current Iranian calendar year (March 21-September 22), IRNA reported. As reported, the figure shows no change as compared to the copper anode output in the first six months of the previous year. Although, the monthly copper anode production indicates a four-percent […]

Commodities worth over $460m traded at IME in a week_thumbnail

TEHRAN- During the past Iranian calendar week (ended on Friday), 1.817 million tons of commodities worth $464 million was traded at Iran Mercantile Exchange (IME), showing 13 percent growth. As reported by the IME’s Public Relations and International Affairs Department, the exchange experienced trade of 1.323 million tons of commodities valued at more than $217 million […]

Iran to launch 6 shipping lines in Caspian Sea for Russia, Kazakhstan_thumbnail

TEHRAN – Iran’s Trade Promotion Organization (TPO) has signed a memorandum of understanding with the Islamic Republic of Iran Shipping Lines (IRISL) for cooperation in launching shipping lines from the country’s northern ports on the Caspian Sea coasts to Russia and Kazakhstan. Based on the MOU, in the first phase six lines will be launched […]

NIGC stores 4 bcm of gas in preparation for cold season_thumbnail

TEHRAN – Head of the National Iranian Gas Company (NIGC) Dispatching Department has said the company has managed to store four billion cubic meters of natural gas in the country’s Sarajeh and Shourijeh storages to be fully prepared for sustainable gas supply during the cold season. According to Mohammadreza Jolaei, NIGC has made the necessary […]

‘Next year’s budget bill will not face any deficits’_thumbnail

TEHRAN – The head of Iran’s Planning and Budget Organization (PBO) has said the national budget bill for the next Iranian calendar year (starts in March 2022) has been prepared in a way that it will not face any deficits, IRIB reported. According to Masoud Mirkazemi, the circular of the bill has been finalized and […]

IRICA offers new facilities for importers of basic goods_thumbnail

TEHRAN – The Islamic Republic of Iran Customs Administration (IRICA) is offering new facilities for the importers of basic goods in order to facilitate the clearance of such goods from the country’s customs, IRIB reported. According to IRICA Deputy Head Mehrdad Jamal Orounaqi, from now on, payment of import duties on basic goods will be […]

Iran ready to resolve global energy crisis if sanctions lifted: minister_thumbnail

TEHRAN – Iranian Oil Minister Javad Oji has said the country is ready to resolve the global energy crisis provided that the oppressive U.S. sanctions are lifted. “The Islamic Republic has shown several times its goodwill to help stabilize the oil market and resolve the global energy crisis, but the oppressive U.S. sanctions hinder us […]

Heads of chambers of commerce meet industry minister to discuss export issues_thumbnail

TEHRAN –Heads of Iran’s chambers of commerce and some of the country’s exporters held a meeting with the country’s Industry, Mining, and Trade Minister Seyyed Reza Fatemi Amin on Saturday to discuss major issues in the way of export development, IRIB reported. The meeting was also attended by the Head of the country’s Trade Promotion […]

Iran’s export to Uzbekistan jumps 370%_thumbnail

TEHRAN – Iran’s export to Uzbekistan has risen 370 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year, the portal of Iran’s Trade Promotion Organization (TPO) reported. Uzbekistan was Iran’s second export destination after the Russian Federation […]

H1 tax revenues rise 62% year on year_thumbnail

TEHRAN – Iranian National Tax Administration (INTA) managed to collect 1.38 quadrillion rials (about $32.85 billion) of tax revenues during the first six months of the current Iranian calendar year (March 21-August 22), to register a 62 percent rise compared to the previous year’s same period, an official with the mentioned administration told ISNA. According […]

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