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Economy News

NIMA supplies over €20b for imports of goods, services since April 2018

NIMA supplies over €20b for imports of goods, services since April 2018TEHRAN - Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied over €20 billion for imports of goods and services since it was launched in April 2018 up to October 20, 2019, IRNA reported....
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Outlook plan required for copper industry development

Outlook plan required for copper industry developmentHolding 34 million tons of copper reserves, Iran accounts for four present of the world’s total reserves of this metal which is 830 million tons....
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‘2500 new rooftop PV stations under construction across Iran’

‘2500 new rooftop PV stations under construction across Iran’TEHRAN – Some 2500 new rooftop photovoltaic power stations (known as PV systems) are being constructed to be installed for households across Iran, the spokesman of Renewa...
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Industrial unit establishment permits rise 19% in 5 months

Industrial unit establishment permits rise 19% in 5 monthsTEHRAN- Issuance of permits for setting up industrial units in Iran increased 19 percent during the first five months of the current Iranian calendar year (March 21-Augus...
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Industrial unit establishment permits rise 19% in 5 months

Industrial unit establishment permits rise 19% in 5 monthsTEHRAN- Issuance of permits for setting up industrial units in Iran increased 19 percent during the first five months of the current Iranian calendar year (March 21-Augus...
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Intl. Iran Downstream Show slated for Feb. 2020

Intl. Iran Downstream Show slated for Feb. 2020TEHRAN – The first international exhibition of Iranian oil, gas and petrochemical industries downstream sector (Intl. Iran Downstream Show) is going to be held during Feb...
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Iran, Iraq to synchronize power grids by yearend

Iran, Iraq to synchronize power grids by yearendTEHRAN - Deputy Head of Iran Electricity Industry Syndicate said power grids of Iran and Iraq will be interconnected by the end of 2019, Mehr news agency reported....
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ISIPO revives 600 idle production units

ISIPO revives 600 idle production unitsTEHRAN – Iran Small Industries and Industrial Parks Organization (ISIPO) has revived 600 idle production units since the beginning of the current Iranian calendar year (M...
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Iran plans to hand over major auto makers to private sector

Iran plans to hand over major auto makers to private sectorTEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani said his ministry is planning on handing over the country’s major auto makers to the private sector, IRI...
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Electricity offerings at IRENEX doubled in a month

Electricity offerings at IRENEX doubled in a monthTEHRAN – The capacity of electricity offerings at Iran’s Energy Exchange (IRENEX) has doubled in the Iranian calendar month of Shahrivar (August 23-Septemebr 22) compared...
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Industry minister holds talks with private sector representatives

Industry minister holds talks with private sector representativesTEHRAN – Representatives of Iran’s private sector met with the Industry, Mining and Trade Minister Reza Rahmani and his deputies on Tuesday at the place of Iran Chamber o...
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Mount Damavand is the highest peak in Iran and the highest volcano in Asia.

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Things to Know Before Trip
One of the most important things to remember is that Iranians aren’t Arabs, they’re Persian. They speak Farsi (and other dialects), not Arabic, and some people might feel offended if you great them with Arabic words.
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