SMSNEWS

Iran Business and Economic News in Third Week of the October Comp. Star Marine Services Original Source: www.NewsNow.co.uk

Expect 'extreme volatility' NIOC to offer oil on eyeing to boost

for oil prices due to Iran domestic stock market by health, medical exports

sanctions October TEHRAN, Oct. 12 (MNA) – Deputy Minister of Health and Director General of Medical Equipment Office the Ministry TEHRAN, Oct. 12 (MNA) – US possible TEHRAN, Oct. 12 (MNA) – The National of Health and Medical Education Reza Masa’eli said special plans have been 's oil industry could Iranian Oil Company (NIOC) has planned devised to hike the exports of medical prompt "extreme volatility" for oil prices, to supply a million barrels of crude oil on equipment. Please visit the following link BP's Chief Executive Bob Dudley told the domestic stock market by the end of for more information: CNBC. Please visit the following link for the current Iranian month (October 22), more information: Oil Ministry’s news portal, Shana. Please https://en.mehrnews.com/news/138603/I ran-eyeing-to-boost-health-medical- visit the following link for more exports information: https://en.mehrnews.com/news/138595/E

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to-Iran-sanctions https://en.mehrnews.com/news/138600/N

IOC-to-offer-oil-on-domestic-stock- market-by-October

Report: Japan Urges US to Make Sure Sanctions Not Iran, Tajikistan stress Hurting Trade with Iran enhancing ties in different sectors

TEHRAN (FNA)- Japanese Finance Minister Taro Aso called on his US counterpart Steven Mnuchin to ensure that Japanese firms would not suffer from Washington's sanctions on TEHRAN, Oct. 12 (MNA) – Iran’s Deputy Iran. Please visit the following link for more information: Foreign Minister Morteza Sarmadi met with Tajikistan Foreign Minister Sirodjidin http://en.farsnews.com/newstext.aspx?nn=13970720000164 Mukhridinovich Aslov late on Thursday, conferring on bilateral ties and boosting cooperation. Please visit the following link for more information:

https://en.mehrnews.com/news/138594/Ir an-Tajikistan-stress-enhancing-ties-in- different-sectors OPEC puts Iran’s Sept. oil output at 3.447m bpd

TEHRAN- Iran produced 3.447 million barrels per day (bpd) of oil in September, a 150,000 bpd decrease from 3.597 million bpd in August, according to OPEC’s latest monthly report published on Thursday citing secondary sources.Please visit the following link for more information:

https://www.tehrantimes.com/news/4284 63/OPEC-puts-Iran-s-Sept-oil-output-at- 3-447m-bpd IMF and World Bank Asian companies ready to

Predict Economic enter Iran's renewable energy sector Slowdown in Iran After the withdrawal of large European companies involved in alternative The IMF and World Bank this month renewable energy sector from Iran, the released data predicting Iran’s economy Asian companies entered this sector, said will shrink over the next two years. This the head of Iran Renewable Energy Association. Please visit the following link data follows U.S. President Donald for more information: Trump’s announcement in May to leave the Iran nuclear deal and to re-impose http://www.iran- U.S. sanctions. Please visit the daily.com/News/232665.html following link for more information:

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world-bank-predict-economic- slowdown-in-iran/

India working out payment Iran, Slovenia officials India will continue to buy mechanism to purchase stress elevation of Iranian oil 'to some extent' Iranian oil economic ties in Nov: S C Garg

India has already placed an order to buy TEHRAN- India is yet working out a Belgrade, Oct 12, IRNA – Head of 9 million barrels of Iranian oil next month payment mechanism for continued Slovenia chamber of commerce and despite US sanctions against Tehran's oil purchase of Iranian oil, Economic Affairs Iranian envoy to the country underlined sector coming into force from November Secretary at the Indian Finance Ministry promotion of two countries' economic 4. Please visit the following link for more Subhash Chandra Garg told CNBC TV18 relations. Please visit the following link information: news channel. Please visit the following for more information: link for more information: https://www.business- http://www.irna.ir/en/News/83063443 standard.com/article/economy- https://www.tehrantimes.com/news/42846 5/India-working-out-payment-mechanism- policy/india-will-continue-to-buy-iranian- oil-to-some-extent-in-nov-s-c-garg- to-purchase-Iranian-oil 118101300048_1.html

US Again Warns About Will Iran's New Move to How Economical Is Iran’s Financial Activities Lure Foreign Investors Exporting the Fruit, Work? Considering the Water A s part of its continued pressure campaign on Iran, the US government has Crisis in Iran Iran recently eased conditions for issued an advisory to help US financial foreign investors, based on which institutions (particularly banks; money A total of 622,680 tons of watermelon foreign citizens can reside in the country services businesses (MSBs), such as worth $116.75 million were exported by bringing sizable investments. Please virtual currency administrators and from Iran to 36 countries during the first visit the following link for more exchangers; and dealers in precious half of the current Iranian year (March information: metals, stones, and jewels) better detect 21-Sept. 22). Please visit the following

"potentially illicit transactions" related to link for more information: https://financialtribune.com/articles/econ the Islamic Republic. Please visit the omy-business-and-markets/94400/will- following link for more information: https://financialtribune.com/articles/econ irans-new-move-to-lure-foreign- omy-domestic-economy/94395/how- investors-work https://financialtribune.com/articles/econo economical-is-exporting-the-fruit- my-business-and-markets/94405/us- considering-the-water again-warns-about-iran-s-financial- activities

Iran ICT Minister Holds Russia to export War by Other Means

Tech Talks With CIS electricity to Iran as of Members During RCC 2019 Some American officials appear to hope Conference in Ashgabat that resumed sanctions on Iran will lead to Tehran, Oct 13, IRNA -- The first trial a popular uprising. Have they thought that electricity supplies from Russia to Iran Members of Commonwealth of via the Russia-Azerbaijan-Iran energy through? Please visit the following link for Independent States (CIS) along with corridor may start as early as 2019, the more information: representatives from other countries Russian Energy Ministry said in a including Iran and officials from the statement following the results of the International Telecommunication Union first meeting of the trilateral working https://www.nytimes.com/2018/10/12/opinio converged in Ashgabat on Oct. 9-10 to group on linking the power grids of the discuss collaboration in information and n/iran-sanctions-trump.html three countries. Please visit the communication technologies. Please visit following link for more information: the following link for more information:

http://www.irna.ir/en/News/83063473 https://financialtribune.com/articles/sci- tech/94408/iran-ict-minister-holds-tech- talks-with-cis-members-during-rcc- conference-in

Iran, India Aim to Iran's Golestan Receives Accelerate Chabahar Permit for Direct Shrimp Project Before US Curbs Exports to Europe

India and Iran have renewed efforts to Shrimp produced in the northern operationalize one berth at Chabahar Golestan Province has received Iran Port amid growing fears of US sanctions Veterinary Organization’s permit for on Iran kicking in early next month. direct export to European countries. Please visit the following link for more Please visit the following link for more information: information: https://financialtribune.com/articles/econ https://financialtribune.com/articles/econ omy - domestic - economy/94484/iran - omy-domestic-economy/94483/irans- india-aim-to-accelerate-chabahar- golestan-receives-permit-for-direct- project-before-us shrimp-exports-to

Ban on Iran Imports From Column: Oil prices ease as Iran Plans Barter Trade Farah Checkpoint to Be funds continue profit-taking With Africa Lifted As a bid to ease trade with African - Kemp countries, the Iran Chamber of Afghanistan Customs Department has LONDON (Reuters) - Hedge fund Commerce, Industries, Mines and agreed to lift the ban on imports of oil managers have continued to take profits Agriculture is devising a barter system products, cement, steel products, tiles with African local banks, the secretary- and ceramics from Iran through the on their bullish positions in crude oil as general of Iran & Africa Council for Farah Border Checkpoint, known as the late summer rally has faded and fears Economic Cooperation, Mohammad Mahiroud on the Iranian side of the about oil consumption and the state of the Reza Faqihi, told Financial Tribune in an border. Please visit the following link for economy have replaced concerns over interview. Please visit the following link more information: sanctions on Iran. Please visit the for more information:

https://financialtribune.com/articles/econ following link for more information: https://financialtribune.com/articles/econ omy-domestic-economy/94485/ban-on- https://www.reuters.com/article/us-oil- omy-business-and-markets/94493/iran- iran-imports-from-farah-checkpoint-to- prices-kemp-column/column-oil-prices- plans-barter-trade-with-africa-interview be-lifted ease-as-funds-continue-profit-taking- kemp-idUSKCN1MP2P1?rpc=401&

Iran Bushehr Port Exports Cars to Cost More in Iran to Qatar Hit $56 Million (Mar-Sep 2018) Automakers will soon receive the okay from relevant authorities to increase prices once About $56 million worth of non-oil goods again, a deputy minister of industries said. were exported from the southern Bushehr Province to Qatar in the first Please visit the following link for more half of the current Iranian year (March information: 21-Sept. 22), the provincial governor of

Bushehr said. Please visit the following link for more information: https://financialtribune.com/articles/economy -auto/94471/cars-to-cost-more-in-iran https://financialtribune.com/articles/econ omy-domestic-economy/94486/iran- bushehr-port-exports-to-qatar-hit-56- million-mar-sep

5,223MW thermal power 10 airport projects to be inaugurated today to join Iran’s grid by next

TEHRAN- Ten major infrastructure, standardization, and safety improvement projects will summer be inaugurated at Mehrabad International Airport on Tuesday, IRIB reported. Please visit TEHRAN, Oct. 16 (MNA) – Ministry of the following link for more information: Energy is planning to increase the https://www.tehrantimes.com/news/428608/10-airport-projects-to-be-inaugurated-today country’s thermal power capacity up to 5,223MW by summer 2019 to make up

for the shortage of about 8,000MW reliable power next year. Please visit the following link for more information: Iran-Iraq joint chamber of Zanganeh makes surprise https://en.mehrnews.com/news/138743/ commerce holds meeting visit to Moscow for oil talks 5-223MW-thermal-power-to-join-Iran-s- on expansion of trade grid-by-next-summer TEHRAN, Oct. 16 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh made a TEHRAN – Members of Iran-Iraq joint India expects to receive surprise visit to Moscow late on Monday to chamber of commerce along with meet his Russian counterpart, Alexander US waviers on Iran businessmen from both sides gathered Novak. Please visit the following link for together in Tehran to discuss ways of New Delhi, Oct 16, IRNA - An Indian oil more information: developing mutual trade, IRIB reported official said the country expects to get on Sunday. Please visit the following link waivers from the United States regarding for more information: https://en.mehrnews.com/news/138737/Zan oil imports from Iran. Please visit the following link for more information: https://www.tehrantimes.com/news/4286 ganeh-makes-surprise-visit-to-Moscow-for- 03/Iran-Iraq-joint-chamber-of-commerce- oil-talks http://www.irna.ir/en/News/83068309 holds-meeting-on-expansion

East Azarbaijan’s six-month leather exports earned EU, Japan, Qatar seek to $20m: Official bolster Iran ties President Hassan Rouhani said on Tuesday Iran is ready to expand its Tehran, Oct 16, IRNA - The northwestern Iranian province of East Azarbaijan exported trade, economic and political relations leather valued at $20 million during March 21-September 22, 2018, said the head of the with European Union and described the provincial Association of Leather Manufacturers and Exporters. Please visit the following bloc stance toward the Iran nuclear deal link for more information: as ‘firm’. Please visit the following link for http://www.irna.ir/en/News/83067434 more information:

http://www.iran- Iran-Uzbekistan trade volume to hit $1bn daily.com/News/232872.html TEHRAN, Oct. 16 (MNA) – Uzbekistan’s Ambassador to Iran Bakhodir Abdullaev announced that increasing trade volume exchange with Iran to $1 billion is among top Iran’s oil incomes still priorities of the Uzbek government. Please visit the following link for more information: rising https://en.mehrnews.com/news/138738/Iran-Uzbekistan-trade-volume-to-hit-1bn Tehran, Oct 16, IRNA – The statistics for

Iran’s oil exports and the price of each oil barrel of the country suggests that exports surpass $6 bn in H1 Iran’s oil incomes are still rising TEHRAN, Oct. 16 (MNA) – Iran exported $6.391 billion worth of petrochemical products compared to the figures in the previous in the first six months of the current Iranian year (March 21-Sept. 22), up 14.74% in year, according to the Head of Iran’s comparison with the similar period of last year. Please visit the following link for more Plan and Budget Organization information: Mohammad-Baqer Nobakht. Please visit the following link for more information: https://en.mehrnews.com/news/138739/Petrochemical-exports-surpass-6-bn-in-H1 http://www.irna.ir/en/News/83068378

Iraq May Become Iran's TPO: Iron ore granule, concentrate output of major Top Export Destination companies up 17% Iran's exports to Iraq have considerably Production of iron ore granule and concentrate at major Iranian companies both increased in recent months, giving rise witnessed growths of 17 percent during March 21-September 22, 2018. Please visit the to the possibility that the neighboring following link for more information: country could dethrone China as Iran's http://www.iran-daily.com/News/232884.html top export destination. Please visit the following link for more information: https://financialtribune.com/articles/eco nomy-domestic-economy/94509/iraq- may-become-irans-top-export- destination Tehran Mehrabad Airport Projects Worth $20m Inaugurated A number of development projects worth 2.7 trillion rials (about $20 million) were inaugurated at Tehran’s Mehrabad Airport on Tuesday. Please visit the following link for more information: https://financialtribune.com/articles/eco nomy-domestic-economy/94508/tehran- mehrabad-airport-projects-worth-20m- inaugurated

Iran-Indonesia trade exchanges up by 2.5 Rouhani touts meeting with Europe considers to times facilitate financial top economists on containing Tabriz, Oct 17, IRNA – Indonesian transactions with Iran crisis Ambassador in Tehran Octavino Alimudin highlighted Iran’s major

situation in the region’s international Tehran, Oct 16, IRNA - European Union In a closed three-hour meeting with 40 Iranian transit, saying that Iran-Indonesia trade Foreign Affairs and Security Affairs economists on Oct. 15, President Hassan exchanges has increased by 2.5 times Rouhani insisted that the country's economy is Commissioner Federica Mogherini, says year on year. Please visit the following not in crisis, but acknowledged that it’s not in Europe has considered important solutions link for more information: "normal conditions" either. Please visit the to facilitate bank and monetary transactions following link for more information: http://www.irna.ir/en/News/83068557 during the US sanctions against Iran, European Council on Foreign Relations Rouhani Says Iran Eyes website wrote. Please visit the following link https://www.al- for more information: monitor.com/pulse/originals/2018/10/iran- Close Economic Ties rouhani-economists-meeting-economic-crisis- With Europe jcpoa.html http://www.irna.ir/en/News/83068417 Iranian President Hassan Rouhani

voiced the country’s eagerness to boost Packaging Industry Facing Shortage of Raw Materials economic interaction with the European countries, warning against the plots to A near fivefold rise in packing paper exports, thanks to the surge in foreign currency rates damage Iran-EU relations. Please visit against the Iranian rial and the prices of recycled paper, has led to the shortage of raw the following link for more information: materials needed for the production of cardboard boxes. Please visit the following link for more information: http://www.eurasiareview.com/1710201 https://financialtribune.com/articles/economy-business-and-markets/94510/packaging- 8-rouhani-says-iran-eyes-close- industry-facing-shortage-of-raw-materials economic-ties-with-europe/

Iran’s six-month trade Iran’s : A Azerbaijan highway to balance positive, at Gateway to US-Iran link Baku to Iran's border: $940m Cooperation President

Tehran, Oct 17, IRNA - Iran’s foreign The broad economic sanctions that go Tehran, Oct 16, IRNA – Republic of trade balance recorded positive during back into effect against Iran on Azerbaijan President said on Tuesday March 21-September 22, 2018 to reach November 5 will not significantly impact that a new transit road is being $940 million, said the deputy industry, Iran’s limited natural gas exports. Please constructed that connects Astara to mine and trade minister for export visit the following link for more Iran's border. Please visit the following affairs. Please visit the following link for information: link for more information: more information: http://www.irna.ir/en/News/83068038 http://www.irna.ir/en/News/83068685 http://www.atlanticcouncil.org/blogs/irans ource/iran-s-natural-gas-a-gateway-to- us-iran-cooperation

Pres. Rouhani hopes ICJ’s Chinese companies to be Currency fluctuations interim ruling prevents US’ planning a $2 billion hindering investment in illegal acts refinery in Iran Iran petchem industry: Official TEHRAN, Oct. 16 (MNA) – President Hassan Rouhani expressed hope that the interim ruling of the International Court of Teheran, October 17 - Neftegaz.RU. Tehran, Oct 17, IRNA – Despite Justice prevents the United States’ illegal Iranian Deputy Governor of Mazandaran enormous capacities in Iran’s petrochemical industry, currency acts, including anti-human sanctions. province for Economic Affairs Hassan fluctuations are hindering investment Please visit the following link for more Kheirianpour said that Chinese information: opportunities in this section, Moayyed companies have voiced readiness to do Hosseini, an advisor to https://en.mehrnews.com/news/138762/Pr investment and construct in minister, said on Wednesday. Please es-Rouhani-hopes-ICJ-s-interim-ruling- the north of Iran. Please visit the visit the following link for more information: prevents-US-illegal following link for more information:

http://www.irna.ir/en/News/83069607

https://neftegaz.ru/en/news/view/176032

-Chinese-companies-to-be-planning-a- 2-billion-refinery-in-Iran

Over $580m of FDI Iran, Ukraine discuss Iran's Exports Via Land approved for industry, development of economic Borders Up 17%, Imports ties mining, trade projects in Down 8% (Mar-Sep 5 months Moscow, Oct 17, IRNA – Iran’s new 2018) ambassador to Ukraine and head of the TEHRAN- Some $580.7 million of Ukrainian Chamber of Commerce and Some 3.71 million tons of oil and non-oil foreign direct investment (FDI) has Industries on Wednesday in Kiev been approved by the Iranian Ministry explored ways of boosting economic commodities were exported from Iran of Industry, Mining and Trade during and trade ties between the two via land borders during the first half of the first five months of the current countries. Please visit the following link the current Iranian year from March 21 Iranian calendar year (March 21-August for more information: to Sept. 22, which shows a 17% 22), IRNA reported on Wednesday. increase compared with the similar Please visit the following link for more http://www.irna.ir/en/News/83069855 information: period of last year. Please visit the following link for more information: https://www.tehrantimes.com/news/428 https://financialtribune.com/articles/econ 684/Over-580m-of-FDI-approved-for- industry-mining-trade-projects omy-domestic-economy/94532/irans- exports-via-land-borders-up-17-imports- down-8-mar-sep

Italian companies keep E-Bike Production Begins Iran Auto Industry Hither working in Iran in and Thither

Sari, Oct 17, IRNA – Italian investment The first electric motorcycle production Over the past few days, Iran’s companies remain active in Iran, despite line in Iran opened in Isfahan on beleaguered auto industry has gone the US’ unilateral sanctions, said the Monday. Please visit the following link through some serious ups and downs: head of Trade Promotion Section of the for more information: the SAIPA boss was removed and two Italian Embassy in Iran. Please visit the powerful state bodies clashed over who following link for more information: https://financialtribune.com/articles/auto/ should have authority over the lucrative 94533/e-bike-production-begins-in- car market. Please visit the following link http://www.irna.ir/en/News/83069274 isfahan for more information:

https://financialtribune.com/articles/econ omy-auto/94538/iran-auto-industry- hither-and-thither

South Korean firms to NIMA setting port tariffs Iran, Russia, Azerbaijan stay in Iran despite US TEHRAN- A deputy from Iran Maritime hold meeting on sanctions: Envoy and Port Organization (MPO) synchronizing power grids announced on Wednesday that port South Korean Ambassador to Tehran tariffs, regarding the rate of rial against TEHRAN- A trilateral taskforce between Ryu Jeong-hyun says companies in his dollar, are being calculated at domestic Iran, Russia and Azerbaijan on country understand the significance of Forex Management Integrated System synchronizing the power grids of the the Iranian market and will not leave it (locally known as NIMA), IRNA reported. three countries held its first meeting in under the US sanctions. Please visit the Please visit the following link for more Russia, IRIB reported on Tuesday. following link for more information: information: Please visit the following link for more information: https://www.presstv.com/Detail/2018/10/ https://www.tehrantimes.com/news/4286 17/577314/Iran-South-Korea-Sanctions 89/NIMA-setting-port-tariffs https://www.tehrantimes.com/news/4286 87/Iran-Russia-Azerbaijan-hold-meeting- on-synchronizing-power

TEDPIX Ends Tuesday 1.24% Higher

Tehran Stock Exchange’s main index gained 2,232.84 points or 1.24% on Monday to end trading at 182,834.3. About 3.82 billion shares valued at $82.12 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Azarab Industries Company was the biggest winner as its shares went up 8.78% to 2,801 rials per share. Margarine Co. incurred the biggest loss among all TSE-listed companies and went down 12.24% to 2,560 rials per share. Tamin Petroleum and Petrochemical Investment Company gave the biggest boost to the benchmark index, followed by Pars Petrochemical, and . Mines and Metals Development Investment Company contributed the most to the benchmark's fall, followed by Isfahan Oil Refining Co., and Omid Investment Company. The Price Index gained 652.64 points to close at 53,435.2. The First Market Index was up 1,313.54 points to post 137,666.5. The Second Market Index increased by 6,042.64 points to reach 349,862.6. The Industry Index went up by 2,044.80 points to register 166,727.8. The Free Float Index was up 2,138.47 points to hit 195,228.75. The TSE 30 went up 83.88 point to settle at 9,165 and the TSE 50 ended 105.30 points higher to finish at 8,026.7. > IFX Up 1.6 Iran Fara Bourse’s main index IFX gained 32.02 points or 1.6% to close Tuesday trade at 2,027.54. About 1.34 billion securities valued at $54.94 million were traded at the over-the-counter exchange for the day. Esfahan Steel Company had the highest number of traded shares and trade value as 202.33 million of its shares worth $4.03 million changed hands. Kish Parsian Electronic Commerce, Tuka Refractories, and Iran Cultural Heritage and Tourism Investment Group Company registered the highest value increase. Zayandehrood Housing Investment Company, Asia Seir Aras Company, and Pegah Golestan Dairy Company suffered the biggest decline. Zagros Petrochemical Company, Hormozgan Steel Company, and Middle East Mines Industries Development Holding Company had the most positive impact on IFX. Please visit the following link for more information: https://financialtribune.com/articles/economy-business-and-markets/94512/tedpix-ends- tuesday-124-higher