SEO to revive intl. stock exchange project in FTZs

TEHRAN – Iran’s Securities and Exchange Organization (SEO) is moving to revive its long-delayed international stock exchange project in the country’s free trade zones through renewed collaboration with the Free and Special Economic Zones High Council.

Daily gas output from South Pars Phase 11 rises by 60%

TEHRAN - Iran has increased daily natural gas production from Phase 11 of the South Pars gas field by 60 percent over the past 10 months, raising output from 12 million cubic meters to 20 million cubic meters per day under the current administration.

Industries ready to add 895MW of thermal power to national grid in summer

TEHRAN - Iran's aluminum producer Almahdi connected the second 183-megawatt unit of its thermal power plant to the national electricity grid on Monday, a senior official said, as part of a broader push by energy-intensive industries to boost self-supplied power generation.

Iran, Venezuela to finalize FTA in coming days

TEHRAN - Iran and Venezuela are set to finalize the text and annexes of their long-anticipated free trade agreement within the next two days, a senior Iranian official announced following a meeting in Tehran.

By Seyed Mehrdad Bani-Hashemi Kahangi

Sanctions and soul of a nation: Rethinking economic warfare on Iran

In the quiet corridors of Iranian hospitals, where children wait for medicine that never arrives, and in the crowded markets of southern Tehran, where inflation is rewriting the price of bread by the hour, one truth has become inescapable: the real cost of U.S. sanctions is not political—it is profoundly human.

Private sector pitches 30 investment packages as mining investment forum kicks off

TEHRAN - A specialized conference on investment opportunities in Iran’s mining and mineral industries opened on Monday in Tehran, bringing together private sector operators and officials from the Ministry of Industry, Mining and Trade.

Gas injection to Shourijeh storage facility rises 23%

TEHRAN - Gas injection into the Shourijeh underground storage facility has been increased by 23 percent since the beginning of the season, the managing director of Shahid Hasheminejad Gas Refinery said.

Over $1b allocated for medicine imports since March

TEHRAN - Central Bank of Iran (CBI) announced that it has allocated and supplied more than $1.041 billion for the import of medicines, pharmaceutical raw materials, and medical equipment since the beginning of the current Iranian year (late March).