Category: Economy and markets
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 […]

Economy minister holds talks with major financial firms

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi hosted a meeting with the representatives of over 30 major companies active in the capital market on Monday to exchange ideas for resolving issues and developing the economy. Speaking in the meeting, Khandouzi said his ministry plans to make the economy more predictable and eliminate […]

Manufacturing of refrigerators, freezers up 10% in H1

TEHRAN- Manufacturing of refrigerators and freezers in Iran has increased 10 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, the data released by Industry, Mining, and Trade Ministry indicate. As reported, 1.07 million refrigerators and freezers have […]

Transit of goods via Iran increases 81% in 7 months on year

TEHRAN- Transit of goods via Iran has risen 81 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, the head of Islamic Republic of Iran Customs Administration (IRICA) announced. Mehdi Mir-Ashrafi said that 6.948 million tons of […]

Private sector operates 67% of thermal power plants

TEHRAN – Deputy of Planning and Management Development at Iran’s Thermal Power Plant Holding (TPPH) Amir Doudabi-Nezhad has said 67 percent of the country’s thermal power plants are currently operated by the private sector. Speaking on the sidelines of the 21st Iran International Electricity Exhibition (IEE 2021) on Saturday, the official said 381 power plant […]

Global energy shortages as we head out of pandemic

TEHRAN – Unprecedented global energy crisis has suffocated nations like Lebanon and brought about the prospect of a long, cold, and crazy winter for many European countries. On the one hand, oil-rich nations like Iran and Venezuela have been sanctioned from exporting crude and developing their infrastructure; on the other, nations like Lebanon have been […]

TEDPIX drops 18,000 points on Saturday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 18,226 points to 1.375 million on Saturday (the first day of Iranian calendar week). As reported, over 5.335 billion securities worth 36.58 trillion rials (about $870.95 million) were traded at the TSE. The first market’s index lost 18,203 points, and the second market’s index […]

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