Category: 4. Business

TEHRAN – The U.S. Energy Information Administration (EIA) has announced in its latest report that Iran produced 3.25 million barrels per day (bpd) of oil in March 2024, 20,000 bpd more than the previous month. According to the EIA report, Iran’s oil production in February stood at 3.23 million bpd. Iran has produced an average…

TEHRAN – Iran’s new Purchasing Managers’ Index (PMI) data for the fiscal month of Esfand (February 20 – March 19, 2024), released by the Iran Chamber of Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), has marked a 10-month high. The new PMI rose by a slight 0.74 points in the month under review to…

TEHRAN – The Director General of the Export Office of Iran’s Trade Promotion Organization (TPO) has said his organization has signed 30 deals with foreign partners to export technical and engineering services. Mohammadreza Karimzadeh said the country has also dispatched several groups of engineers and technical contractors to Iraq, Russia, and China, IRNA reported. “There…

TEHRAN – TEDPIX, the main index of the Tehran Stock Exchange (TSE), dropped 4,998 points to 2,201,908 on Tuesday, which is the fourth day of the Iranian calendar week. TSE is one of the four Iranian stock exchanges, and the most important one. The other three ones are the Iran Mercantile Exchange (IME), Iran Energy…

Using the legal authority of the government in the 1402 budget, the National Bank of Iran increases its capital by 250 trillion rials through the issuance of bonds. According to BMI public relations, these bonds were issued for an amount equal to 250 trillion Rials through Iran Fara Bourse Co. on the 28th of Esfand,…

In line with the emphasis of the Supreme Leader and the policies of the thirteenth government regarding the withdrawal of banks from ownership, Bank Melli Iran transferred 51.32% of Petrochemical Shazand’s shares. According to BMI public relations, 51.32% of Petrochemical Shazand’s shares, valued at 250 trillion Rials, were transferred through a transparent cash transaction within…

This significant project will be launched in the presence of the presidents of the two countries. The Uma Oya multipurpose project is located in the southeast of Sri Lanka, 200 km away from Colombo and includes two dams namely Dyraaba and Puhulpola and two major hydroelectric power plants each with a capacity of 60 megawatts. The…

The director general of the export office of the knowledge-based products and technical-engineering services of the organization pointed to the dispatching of Iran’s technical and engineering services delegations to Iraq, China and Russia and said more than $1.292 billion worth of technical and engineering services were exported from the country from March 21, 2023, to…

Deputy Minister of Agriculture Mojtaba Khayyam Nekouei said in a joint meeting with Ambassador of Venezuela to Iran José Rafael Silva Aponte and a number of agricultural researchers of the South American country that competent Iranian private companies are ready to transfer technical know-how and modern technologies in the agricultural sector to Venezuela. The first edition of short-term…

TEHRAN – The Central Bank of Iran (CBI) is going to provide 3.5 quadrillion rials (about $7 billion) of funds for various economic sectors in the current Iranian calendar year (started on March 20) using new financing methods. Mehdi Sahabi, the official in charge of the CBI’s Credit Department said one of the mentioned methods…