News in Brief
Armenia proposes Iran-Black Sea corridor for Indian traders
INDIA TIMES – Armenia proposed a Persian Gulf-Black Sea corridor to connect Indian traders with Russia and Europe.
Headed by Foreign Minister Ararat Mirzoyan, an Armenian team comprising senior officials and experts visiting India proposed a corridor which will run parallel to the International North-South Transport Corridor (INSTC).
It aims to connect Mumbai with Bandar Abbas in Iran and then Armenia and onward to Europe or Russia.
TSE index rises 1,300 points
TSETMC – TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 1,364 points to 1,782,987 on Tuesday.
Over 11.043 billion securities worth 82.809 trillion rials (about $202 million) were traded at the TSE.
TSE is one of the four Iranian stock exchanges, and the most important one. The other three ones are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran’s over-the-counter (OTC) market, known as Iran Fara Bourse (IFB).
South Pars LPG production
increases 42%
SHANA – The production of liquefied petroleum gas (LPG) at South Pars Gas Company (SPGC) has increased by 42 percent, announced the managing director of the company.
Ahmad Bahoush also added that Iran’s LPG export rose 86 percent during March 21 to December 21, 2022, compared to corresponding figure of preceding year.