Mogherini hopes Iran-EU financial channel to become operational in next few weeks
European Union (EU) Foreign Policy Chief Federica Mogherini hoped that financial channel between Iran and EU dubbed “INSTEX” would become operational in the next few weeks.
Value of textile exports rises 6% in a year
The value of Iran’s textile exports rose six percent during the past Iranian calendar year (ended on March 20, 2019), Afsaneh Mehrabi, director general of Textile and Clothing Industry Office at Ministry of Industry, Mining and Trade told IRNA on Sunday.
Monthly coal concentrate output up 33% yr/yr
Production of coal concentrate in Iran increased 33 percent during the first Iranian calendar month of Farvardin (March 21-April 20, 2019) compared to the output in the first month of the previous year, IRIB reported on Monday citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Hemmati lashes out at EU for ‘threadbare’ remarks over INSTEX
Governor of the Central Bank of Iran criticized European countries for repeating ‘threadbare’ remarks over their promised trade mechanism for Iran (INSTEX) and their failure to make it operational.
No alternative to Iran electricity, says Iraqi minister
Iraq’s new electricity minister says there is no alternative that competes on volume or price or speed of delivery of Iran’s electricity.
TSE index slips down 5,000 points on Sunday
Tehran Stock Exchange (TSE)’s main index (TEDPIX) lost 5,000 points to stand at 204,069 points on Sunday.
Iran to continue aluminum exports to neighboring countries
The secretary of Iran Aluminum Industries Syndicate Abolfazl Rezaiee announced that despite US sanctions on Iran’s metal industry, the country will continue exporting of aluminum to its neighbors.
Iran to remain self-sufficient in wheat production this year
Iran will remain self-sufficient in wheat production to meet domestic demand during the current Iranian calendar year (ending March 20, 2020), Iranian Deputy Agriculture Minister Esmaiel Esfandiyari said on Sunday.
Aras FTZ to expand railway transport capacity
Aras Free Trade and Industrial Zone, in northwestern Iran, has forged an agreement with an Iranian-European consortium to construct and commission a railroad to expand its railway transport capacity.
Iran’s global standard ranking climbs 10 steps
Director General of Secretariat of Supreme Council of Standards Asghar Salehzadeh said that Islamic Republic of Iran’s standard ranking moved 10-step up in international arena.