TEHRAN (Iran News) – The main index at Tehran Stock Exchange (TSE), Iran’s chief bourse, has risen to a record high, despite a recent surge in the prices of foreign exchange, which could have caused a fall in share investments. It said the price index, TEPIX, had also rallied by 1,737 to stand at 102,799 […]

TEHRAN (Iran News) – There is no serious shortage of medicine or medical equipment in Iran, Minister of Health Saeed Namaki said. Speaking to reporters on Monday, the health minister said Iran has not faced any severe shortage of medicine although the enemies have waged an economic war against the country. The medicine shortage at […]

TEHRAN (Iran News) – The governor of the Central Bank of Iran (CBI) says prices of foreign currencies, forex, will return to normal levels in the very near future despite growing speculations that have affected the market over the past days. Abdolnasser Hemmati said on Monday that prices in the forex market had surged over […]

TEHRAN (Iran News) – Minister of Economic Affairs and Finance (MEAF) Farhad Dejpasand said that Iran Foreign Direct Investment, FDI, registered a 20 percent growth in the first seven months of the current Iranian calendar year (started March 21), showing growth as compared to the last year’s corresponding period. He made the remarks on Mon. […]

TEHRAN (Iran News) – Head of energy commission of Tehran Chamber of Commerce predicted on Monday that, in case the government provides 65 trillion rials (about $500 million) of grants for converting cars into bi-fuel ones – running on both gasoline and CNG – Iran would be able to save 40 million liters of gasoline […]

TEHRAN (Iran News) – Iranian Energy Minister Reza Ardakanian announced that his country will continue electricity export to Iraq by renewing earlier contracts. “Iran has signed a 3-year-long cooperation agreement with Iraq to help the country’s power industry in different aspects. The documents state at its end that we will export electricity to Iraq as […]

TEHRAN (Iran News) – The Iranian Central Organization for Rural Cooperatives (CORC) plans to adopt new measures of farming systems to optimize the use of natural resources in the drought-hit province of Sistan and Balouchestan in southeastern Iran, Deputy Minister of Agricultural Jihad Hossein Shirzad said. Shirzad, who is also the chief executive officer of […]

TEHRAN (Iran News) – The CEO of the National Petrochemical Company, NPC Co., said that the company has launched an initiative to orchestrate petrochemical projects in the industry. In a meeting with the projects department of National Petrochemical Company on Sunday, Behzad Mohammadi said that since last year, NPC had sought to ensure the construction […]

TEHRAN (Iran News) – Chief Executive of Iran Water & Power Resources Development Company Behrouz Moradi said that the Islamic Republic will complete the construction of ‘Esteghlal’ Tunnel in Tajikistan. He made the remarks on Monday while pointing to the agreement made between Tajikistan’s minister of energy and water resources and the Iranian minister of […]

TEHRAN (Iran News) – A new report shows that China, Iraq, and the United Arab Emirates (UAE) are respectively the top trade destinations of Iran exports in the first seven months of the current Iranian calendar year (March 21-October 22). The Tehran Chamber of Commerce, Industries, Mines and Agriculture released the statistics for the first […]