“Government has prepared five new packages and 12 programs to tackle the current economic conditions and is ready to brief the parliament members about them,” government spokesman Mohammad-Baqer Nobakht announced addressing the parliament on Wednesday, IRNA reported. Some 300 trillion rials (about $7.1 billion) of budget has been allocated for implementation of these strategies, according […]

Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 2,726 points to end Tuesday’s trade at 137,983, IRNA reported. As reported, 2.561 billion shares worth 6.192 trillion rials (about $147.4 million) were traded through 138,820 deals in the stock market. The first market’s index fell 2,176 points while the second market’s index added 4,621 points on […]

 Iran will inaugurate 530 kilometers of railroads by the end of the present Iranian calendar year (March 20, 2019), Deputy Transport Minister Kheirollah Khademi announced. The official, who is also the managing director of Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC), mentioned completion of building 1,000 kilometers of railroads to connect five centers […]

The 5th meeting of Assembly of Experts was held on Tuesday morning chaired by Ayatollah Ahmad Jannati. Reviewing the nation’s current livelihood status and the economic situation was put atop agenda of the meeting. The meeting was attended by Judiciary Chief Ayatollah Sadegh Amoli Larijani and Parliament Speaker Ali Larijani. President Rouhani was absent at the meeting […]

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will dispatch a trade delegation to Bulgarian capital city of Sofia in mid-September, ICCIMA website reported. The Iranian delegation’s visit will be concurrent with the meeting of Iran-Bulgaria Joint Economic Committee chaired by Iranian Transport Minister Abbas Akhoundi which will be held in Sofia from September […]

The value of facilities that Iranian banking system paid to the agriculture sector rose 35.1 percent during the first five months of current Iranian calendar year (March 21-August 22), the managing director of Iran’s Keshavarzi Bank (literally meaning Agriculture Bank) announced in a press conference on Sunday. Ruhollah Khodarahmi said 150 trillion rials (about $3.5 […]

 Iran’s largest compressed natural gas (CNG) station was put into operation in Na’een County in Isfahan Province, Shana reported on Monday. Mostafa Alavi, the managing director of Isfahan Province’s Gas Company, put the capacity of this station at 10,000 cubic meters per hour and said the stations has been built at the cost of 130 […]

Austrian Ambassador to Tehran Stefan Scholz said his country supports expansion of economic and industrial relations with Iran. Making the remarks in a meeting with Mansour Moazami, the head of Industrial Development and Revolution Organization (IDRO) of Iran, at the place of IDRO in Tehran on Sunday, the envoy put emphasis on the more progress […]

Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that two large plants for production of aluminum and copper will be put into operation in the country by the end of current Iranian calendar year (March 20, 2019). Mehdi Karbasian also said that the 300,000-ton capacity aluminum plant in the south […]

The head of Cultural Heritage, Handicrafts and Tourism Organization said Sunday that the number of foreign tourists to Iran has risen by 38 percent during the first four months of current [Iranian calendar] year 1397 (starting March 21), compared to the same period last year. Last year (March 2017 – March 2018), some 5.1 million […]