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Economy News

Indigenizing petchem catalysts: a big step toward total independence

Indigenizing petchem catalysts: a big step toward total independenceTEHRAN – As the second-biggest source of revenue for Iran, the petrochemical industry is one of the most important pillars of the country’s resilient economy and one of the main suppliers of foreign currency especially the euro for the country....
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Indigenizing petchem catalysts: a big step toward total independence

Indigenizing petchem catalysts: a big step toward total independenceTEHRAN – As the second-biggest source of revenue for Iran, the petrochemical industry is one of the most important pillars of the country’s resilient economy and one of t...
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Number of real estate deals falls 70% in a month

Number of real estate deals falls 70% in a monthTEHRAN- The number of real estate deals in Iran has dropped 70 percent in the past Iranian calendar month of Esfand (ended on March 19) which is also the last month of th...
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Domestic production to save Iran over $3b in a year

Domestic production to save Iran over $3b in a yearTEHRAN- Domestic production of industrial and mining products is planned to save the country over $3 billion in the current Iranian calendar year (began on March 20), Ira...
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IRICA offering 18 new incentives to support export

IRICA offering 18 new incentives to support exportTEHRAN- Islamic Republic of Iran Customs Administration (IRICA) is offering 18 new incentives to the country’s exporters in a bid to support exports, IRIB reported on Fri...
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Power plants receive 61 bcm of gas in a year

Power plants receive 61 bcm of gas in a yearTEHRAN - National Iranian Gas Company (NIGC) Dispatching Director Mehdi Jamshidi Dana announced that 61 billion cubic meters (bcm) of gas has been supplied to the country...
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Annual loading, unloading of basic commodities up 136% in Chabahar Port

Annual loading, unloading of basic commodities up 136% in Chabahar PortTEHRAN- Loading and unloading of basic goods in Iran’s Chabahar Port have increased 136 percent during the past Iranian calendar year (ended on March 19) compared to its ...
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Energy Ministry to inaugurate 38 major water, electricity projects in spring

Energy Ministry to inaugurate 38 major water, electricity projects in springTEHRAN- Iranian Energy Ministry plans to inaugurate 15 major projects in water and electricity sectors during spring, which corresponds to the first quarter of the Irania...
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IIEC outlines plans to materialize ‘Surge in Production’

IIEC outlines plans to materialize ‘Surge in Production’TEHRAN- The managing director of Iran International Exhibitions Company (IIEC) outlined the company’s plans and programs to materialize the motto of this Iranian calendar...
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Inflation rate falls 2.2%: SCI

Inflation rate falls 2.2%: SCITEHRAN- The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on March 19, which marks the end of the past Iranian calen...
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How to fund oil projects in the absence of oil money?

How to fund oil projects in the absence of oil money?TEHRAN – These days, the oil market is facing an unprecedented crisis; on one hand the demand for oil has fallen drastically due to the slowdown in the global economy fol...
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Mount Damavand is the highest peak in Iran and the highest volcano in Asia.

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