Business

  • Saudis May Maintain Light Crude Prices

    Top oil exporter Saudi Arabia is expected to keep prices for the light crude grades it sells to Asia largely unchanged in October from the previous month to keep its oil competitive against other suppliers,…

  • Bank madaresharghi

    EDBI, Moscow Mir Business Bank sign refinance contract

    Export Development Bank of Iran (EDBI) signed a short-term refinance contract with Moscow Mir Business Bank to facilitate imports of staple goods. Worth €10 million, the agreement will enable Iran to pay for imports of…

  • Russian madaresharghi

    Russian Steelmaker Stops Deliveries to Iran

    MMK, one of Russia’s largest steel producers, has stopped deliveries to Iran against the backdrop of new sanctions Washington has promised to impose on Tehran. The announcement was made by Andrey Eremin, the company’s director…

  • TSE madaresharghi

    TSE index hits a new record

    Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 2,903 points to hit the highest-ever record of 116,756 points on Monday, IRNA reported. As reported, 2.083 billion shares worth 5.44 trillion rials (about $122.2 million) were…

  • Mining madaresharghi

    Mining sector to undergo ‘positive shock’

    Allocation of approved credit to small- and medium-sized mines is expected to provide the mining sector a ‘positive shock’, said a senior official of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Farid…

  • NIGC madaresharghi

    NIGC plans 200 mcm/d gas export by 2021

    National Iranian Gas Company (NIGC) is planning to increase natural gas exports to 200 million cubic meters per day from the current 60 mcm/d by 2021, said the company’s managing director. Hamidreza Araqi further said…

  • Chabahar madaresharghi

    Senior Iran official urges regional states to end rivalries

    The head of Iran’s Strategic Council on Foreign Relations says despite the opportunities in the Indian Ocean Rim, unfortunately the rivalries between some countries have had negative impacts on the region’s development. Kamal Kharazi during…

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