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First Iranian English Economic Daily financialtribune.com twitter.com/fintribune Contacts, ads: @FTD_ADS_Bot Print subscription: +982142710123 Digital subscription: financialtribune.com/subscription-plans
Week of Stock Market Rallies
Bulls came back to Iran's stock market last week after the lackluster performance of the week before.
Both Tehran Stock Exchange and Iran Fara Bourse pushed ahead to reach new highs by further extending their all-time records.
TSE’s main index TEDPIX jumped 2,191.6 points or 2.4% during the week that ended on December 13 to close at 93,284.
The main index of the smaller over-the-counter exchange Iran Fara Bourse also surged 29 points or 2.9% during the week to stand at 1,042.3.
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Iran's Largest Joint Oil Field to Be Tendered by Summer 2018
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Iran Quality Watchdog: Safety First for Car Buyers
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OPEC Reports Decline in Iran's November Output
Iran produced 3.81 million barrels of crude oil per day in November, down 2,200 barrels compared with the previous month, OPEC's calculations showed on Wednesday.
That is the second consecutive monthly decline in Iran's crude output, according to data provided by OPEC's secondary sources.
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Tehran Stock Exchange Gauge Gains 1.18% to Notch New All-Time High
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Iran Parliament Unlikely to Approve Departure Tax Increase
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Iran's Average Oil Prices Rise $12 on Year
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Italy Tops Iran's Trade Partners in Europe
Jan-Sep Eurostat Data Show
The latest Eurostat data shared with Financial Tribune show Italy was Iran's biggest trade partner in the European Union during the nine months ending September 2017, with bilateral trade reaching €3.45 billion
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President Hassan Rouhani presented the budget bill for the fiscal 2018-19 to the parliament on Sunday:
General Revenues Rise 6.5%
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Tehran Welcomes Balanced, Amicable London Ties
Iran's president called for greater efforts to develop "balanced" and "amicable" Tehran-London ties, expressing regret over the slow development of cooperation after the 2015 landmark nuclear deal brought a thaw in bilateral ties.
Hassan Rouhani made the statement in a Sunday meeting with visiting British Foreign Secretary Boris Johnson
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Iran Power Export to Pakistan Up 5%
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Iranian PSPs Growing by Leaps and Bounds
Iranian payment service providers have been improving in terms of adhering to laws and regulations that would put them on a better footing among their global peers, announced Shaparak, the entity in charge of Iran's payment network on Saturday.
"According to the regulations of Shaparak and the Central Bank of Iran, eight rounds of thorough assessments were conducted for Iranian PSPs over four years 2013-17 whose result shows that the average index for PSPs' services and technical-security qualities has improved by 70% in the 2016-17 fiscal year," reads a statement on Shaparak's website.
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Iran Steel Exports Climb 27%
Major Iranian steelmakers exported 4.56 million tons of semi-finished and finished steel products during the first eight months of the current fiscal year (March 21-Nov. 21)
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Boris Johnson Discusses Economic Ties, JCPOA in Tehran
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Iran Budget Bill in Parliament on Sunday
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Iran 8-Month Auto Output
#INFOGRAPHIC #dataviz #DataVisualization
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Astara-Astara Railroad Launch by Dec. 25 goo.gl/Mn1Ej1
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Iran Petrochemical Production at 35 Million Tons in 8 Months
Iran's petrochemical output crossed 35 million tons in eight months, as the country faces a steep climb toward its petrochemical output target for the fiscal 2017-18.
According to NIPNA, the NPC’s official news agency, 57 petrochemical complexes produced 35.6 million tons of products during March 21-Nov. 21.The country’s total nominal production capacity is expected to reach 72 million tons by March 2018, while actual production target is set at 60 million tons. Read More
"Iran-EEU Trade Deal to Come Into Effect on January 21
A preferential trade agreement under negotiation between Iran and the Eurasian Economic Union will be signed by the presidents of the countries involved and is expected to come into effect as of Jan. 21, director general of Trade Promotion Organization of Iran's European and American Affairs Office has announced.
“Between 200 and 250 categories of products are to be included in PTA, which will be in effect for three years,” Behrouz Hassan Olfat was also quoted as saying by IRNA.
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CBI Governor: USD Rate to Moderate
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Iran Mineral Products Jump 11%
IMIDRO Statistics for Mar. 21-Nov. 21 Output Show:
Major Iranian mining companies produced 228.32 million tons of different mineral products during the first eight months of the current fiscal year (March 21-Nov. 21), registering an 11% growth compared with last year’s corresponding period
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Mostazafan Foundation Puts Last Year’s Revenues at $6.6b
The Islamic Revolution Mostazafan Foundation’s sales value stood at 280 trillion rials ($6.6 billion) in the last Iranian year (March 2016-17).
Mohammad Saeedikia, the head of the foundation, explained that with the foundation’s shares ranging from 1% to 100% (55% on average) in 160 subsidiary companies, 150 trillion rials ($3.57 billion) of the total sales belonged to the organization.
“Considering its 12% profit, the Islamic Revolution Mostazafan Foundation netted 16 trillion rials ($380.9 million), accounting for 0.7% of Iran’s gross domestic product last year,” he said.
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Iran’s largest steelmaker, Mobarakeh Steel Company, has been selected as Asia’s 11th Most Admired Knowledge Enterprise in 2017
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Tehran Welcomes Balanced, Amicable London Tie
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Foreign Exchange Rates - Tehran Market
December 10, 2017
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As per the directive of the Central Bank of Iran, all banks and credit institutions have been barred from opening short-term (three-, sixth- and nine-month) deposit accounts by the end of the current fiscal year on March 20, 2018
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Iranian President Hassan Rouhani Meets British Foreign Secretary Boris Johnson
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Households to Drive Iran's Gas Demand in Cold Season
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UK Foreign Secretary Boris Johnson meets his Iranian counterpart Javad Zarif in Tehran
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Iraqi, Turkish Interest in Iran's Gas Station Market
Iraq and Turkey are willing to cooperate with Iran in expanding and modernizing the country's aging gas stations, managing director of filling stations' planning and research center said.
"Preliminary negotiations have been held with private enterprises from Iraq and Turkey, and they are ready to transfer the much-need technical know-how to Iran to install advanced equipment in gas stations," Ali Maneshi was quoted as saying by Mehr News Agency on Thursday. Iran's state-run gas station and fuel market, which has been closed to foreign companies, "has a great potential for attracting investors", Maneshi said, adding that holding regular international conventions can help the country introduce the unique opportunity to those who are interested in investing in the lucrative business.
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