Category: Economy and markets
Relief Foundation, Basij to build 5,000 houses for the deprived

TEHRAN – The Imam Khomeini Relief Foundation and the Basij will provide 5,000 houses for the underprivileged families across the country, Mehr reported on Monday. A memorandum of understanding has been signed with the Basij and Housing Foundation regarding the construction of 5,000 out of a total 40,000 planned housing units, Morteza Bakhtiari, Head of […]

Investment in industrial, trade sectors up over 123% in 7 months

TEHRAN – The Ministry of Industry, Mining and Trade has approved 6.702 quadrillion rials (about $159.6 billion) of investment projects in the first seven months of the current Iranian calendar year (March 21 -October 22), which shows a 133.3 percent rise compared to the last year’s same period. According to the latest data released by […]

Some $3.7b earmarked for school building

TEHRAN – A total of 158 trillion rials (nearly $3.7 billion at the official rate of 42,000 rials) allocated from the national budget to school construction, Mehrollah Rakhshanimehr, director of the Organization for Development, Renovation, and Equipment has announced. Last year, school building benefactors have allocated a sum of 33 trillion rials (around $781 million […]

TEDPIX drops 5,337 points on Saturday

TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), lost 5,337 points to 1.334 million on Saturday (the first day of Iranian calendar week). Over 4.311 billion securities worth 90.917 trillion rials (about $736 million) were traded at the TSE. The first market’s index lost 5,105 points, and the second market’s index dropped […]

Commodities worth over $2b exported from Maku free zone in H1

TEHRAN- As announced by the managing director of Maku Free Trade Zone Organization, commodities valued at $2.030 billion were exported from the Maku FTZ, in Iran’s northwestern province of West Azarbaijan, during the first half of the current Iranian calendar year (March 21-September 22). Mohammadreza Abdol-Rahimi said that the export of non-oil products worth nearly […]

TEDPIX falls over 6,800 points on Tuesday

TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), fell 6,845 points to 1.357 million on Tuesday. As reported, over 4.215 billion securities worth 29.628 trillion rials (about $705.4 million) were traded at the TSE. The first market’s index fell 2,932 points and the second market’s index declined 20,357 points. Over the past […]

Over 136,000 tons of alumina powder produced in 7 months

TEHRAN- Iran has produced 136,640 tons of alumina powder during the first seven months of the current Iranian calendar year (March 21-October 22). As reported, the figure shows two percent decline as compared to the output in the seven-month period of the previous year, which was 139,307 tons. Aluminum oxide, which is commonly called alumina, is an […]

21 new power plant units to come on stream by late June 2022

TEHRAN – Energy Minister Ali-Akbar Mehrabian has said his ministry plans to construct and put into operation 21 new power plant units by the next summer’s peak consumption period (Iranian calendar’s summer begins on June 22), the Energy Ministry Portal Paven reported on Tuesday. According to Mehrabian, his ministry is following a comprehensive program for […]

Over 500,000 TV sets manufactured in H1

TEHRAN- As announced by Industry, Mining, and Trade Ministry, 555,000 TV sets have been manufactured in the country during the first half of the current Iranian calendar year (March 21-September 22). The ministry’s data show that the TV manufacturing has fallen 10.9 percent in the six-month period of this year, from that of the previous […]

Under the lens of CNN: Iran pavilion among the most ‘spectacular’ at Expo 2020

TEHRAN – A recent CNN report has selected Iran pavilion as one of the most “spectacular” structures that participating countries have set up at the Expo 2020 Dubai. The Cable News Network has selected images of 15 pavilions under the title “The most spectacular pavilions at Expo 2020 Dubai”, which include pavilions of Iran, the […]

Export from Isfahan province increases 73% in 7 months yr/yr

TEHRAN- The value of export from Isfahan province increased 73 percent during the first seven months of the current Iranian calendar year (March 21-October 22), as compared to the same period of time in the past year, a provincial official announced. Karim Salimi, the head of foreign trade office of Isfahan’s Industry, Mining and Trade […]

South Pars platforms annual overhaul completed

TEHRAN- Annual overhaul operations for the platforms of Iran’s South Pars gas field, which the country shares with Qatar in the Persian Gulf, have been completed, according to a deputy with South Pars Oil and Gas Company (POGC). Mehdi Tayebi, the deputy director for repair operations at POGC, which is in charge of implementing development […]

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