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South Pars Crude Output at 19,000 bpd in Six Months
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Italian Firm to Build 910MW Power Station in Iran
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Dairy Exports to Hit $1b
Interview
Iran is one of the top milk producers and has ambitious plans to grab a bigger share of the global milk and dairy market.
In an interview with Financial Tribune, Deputy Agriculture Minister Hassan Rokni estimated that Iran’s dairy exports will hit a record high of $1 billion by the end of the current Iranian year (March 20, 2018). Read More
Iran, Turkey finalize currency swap deal worth 5 billion TRY ($1.3 billion) during VP Eshaq Jahangiri's visit to Ankara
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Italy's Ansaldo Energia Set to Produce Power From Iran's South Pars Gas Flares
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Austrian Firm to Build 4 Solar Plants in Iran
Austria’s Solar and Benefit Group and Fars Province Investment Services Center signed a memorandum of understanding on Tuesday for building four solar power plants in Abadeh County in the province Read More
Iran: Taxman's H1 Income Hits $12b
The Iranian National Tax Administration has collected 480 trillion rials ($12 billion) in tax and duties in the first half of the current Iranian year (March 21-Sept. 22), the INTA chairman said.
Noting that half the country’s budget is tied to taxes, Kamel Taqavinejad added that currently the tax-to-GDP ratio in Iran stands at around 8%, compared to 15-20% for neighboring countries Read More
$7.5b in Loans for Iran Industries
According to Minister of Industries, Mining and Trade Mohammad Shariatmadari, the government is providing 300 trillion rials ($7.5 billion) to renovate industrial units and promote production in the current Iranian year (ending March 20, 2018).
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Iran Apparel Exports Up, Official Imports Down
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Iranian Banks’ Foreign Assets Up 10%
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Strong European Backing for 2015 Nuclear Accord
E uropean Union foreign policy chief, Federica Mogherini, said on Monday she expected strong backing from EU foreign ministers for the 2015 nuclear deal, which US President Donald Trump has repeatedly criticized.
"It's an agreement that is working. It's an agreement that we need for our security and I would expect from the ministers today a strong signal of European unity and its support, and the full commitment to have it implemented by all sides," Mogherini told reporters before a foreign ministers' meeting in Luxembourg, Reuters reported. Read More
Iran to Pursue Grievances Against US Via JCPOA Panel
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Iran Budget Deficit Hits $4.5b
Iran’s budget deficit came in wider than expected in the five months of the current fiscal year (March 21-Aug. 22) and reached 182.7 trillion rials ($4.56 billion), the latest data released by the Central Bank of Iran showed.
The shortfall for the period was higher than forecast, which amounted to 136.5 trillion rials ($3.41 billion).
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Report: European Truck Makers Reentering Iran Market
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Iran’s stock market remained unfazed by Trump’s Friday remarks and saw remarkable growth the next day
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Iran Monitoring Going Smoothly
The UN atomic watchdog chief said on Thursday his inspectors had yet to encounter problems with Iran a week after US President Donald Trump refused to certify that Tehran was complying with the 2015 nuclear deal. In a significant US policy shift on Oct. 13, Trump disavowed Iran’s compliance with the deal it sealed with world powers and launched a more aggressive approach toward the Islamic Republic over its missile development activity. Read More
Fate of Cryptocurrency in Iran Hangs in Balance
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The Iranian capital market’s first foreign currency exchange-traded fund is expected to come on stream next week goo.gl/Y6kCUa
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Iran Insurance Growth at 20%
The collective figure of Iranian insurance companies’ premiums during the first half of the current fiscal year to Sept. 22 has reached 166 trillion rials ($4.15 billion), which indicates an increase of 20% compared with the corresponding period of last year.
According to the president of the Central Insurance of Iran, this growth was achieved through the persistent efforts of Iranian insurance companies while Iranians also began to show more interest in buying more insurance policies.
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Online Realtor Brings Succor to Tehran’s Swelling Numbers
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NDFI to Offer Loans Worth $2b to Exporters
The National Development Fund of Iran is to allocate a total of $2 billion to help Iranian exporters, the fund’s director said.
“Loans that are to be doled out by NDFI will be in the form of working capital and investment in projects,” Ahmad Doust-Hosseini was also quoted as saying. Read More
Iran Private Sector Presents Shock-Proof Proposals
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(Photo Saeed Ameri)
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European Firms Prepare to Subdue Trump’s Iran Policy
European politicians treated US President Donald Trump’s new Iran policy as America going rogue. Europe’s businesses can’t afford to be so dismissive.
On Friday, Trump refused to certify Iran’s compliance with the 2015 nuclear accord, threatened to pull out of it completely and impose new sanctions, while inviting the US Congress to weigh in with more.
The European Union rushed to defend the deal and point out that no single country has the right to terminate it. Read More
Private Sector Eyes Water, Power Projects Worth €10b
I n the face of tight state funding and financial pressure, private companies have taken on the mantle of developing Iran's water and power infrastructure, Iran's caretaker energy minister said on Monday.
"Iran's private sector is in negotiations with private international companies over €10 billion ($11.8 billion) worth of investments across the water and electricity industries," Sattar Mahmoudi was also quoted as saying Read More
Calm Housing Market Forecast for Tehran in Fiscal H2
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Iran’s Crude Oil Prices Ease
Iran's light crude oil rally fizzled in the week to October 6 after breaking the $57-per-barrel mark last month, its highest level in the year.
The light crude settled down $1.69 at $55.31 per barrel in the week and Iran Heavy, one of the country's main export grades, fell $1.26, or 2.3% to $53.27 per barrel in the week, IRNA reported on Saturday, citing a report by the Oil Ministry. Report
25% Rise in Iran Power Exports
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Italian Credit Line for Iran to Be Finalized Soon
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Rial Gains Despite Trump’s Anti-Iran Rhetoric
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Iran, France Economy Ministers Meet on the Sidelines of the IMF/World Bank Annual Meetings in Washington
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