Category: Economy and markets
Exporting 2m tons of fruits on agenda_thumbnail

TEHRAN – Head of Tehran Fruit and Vegetable Traders Union has said his union is planning to export over two million tons of fruits in the current Iranian calendar year (ends in March 2022), ILNA reported. “This year, our total production will be 4.5 million tons, of which 2.5 million tons will be consumed domestically, […]

Smuggled goods worth $47.5m discovered in a week_thumbnail

TEHRAN – Smuggled goods worth 2 trillion rials (nearly $47.5 million at the official rate of 42,000 rials) have been seized across the country over the past week, through the ninth phase of a nationwide plan to fight against smuggling. Under the plan, police detectives identified the location of the depot through round-the-clock efforts and […]

Steel products export rises 88% in 5 months on year_thumbnail

TEHRAN- Iran’s export of steel products increased 88 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year. Based on the data released by the Iranian Steel Producers Association (ISPA), 1.399 million tons of steel products was exported […]

‘Renovation of shipping fleet a necessity for Iranian maritime trade’_thumbnail

TEHRAN – The Secretary of the Iranian Merchant Mariners Syndicate (IMMS) Saman Rezaei has said buying new ships and the renovation of the country’s existing maritime fleet is an important necessity for developing the maritime trade. “Older ships have higher depreciation and maintenance costs and lower safety, so buying new ships and renovating the existing […]

Transit of goods via Shahid Rajaee port up 100% in 5 months yr/yr_thumbnail

EHRAN- Transit of goods through Shahid Rajaee port, Iran’s largest and best-equipped container port, increased 100 percent in the first five month of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year, according to a provincial official. Alireza Mohammadi Karajiran, the director-general of Ports […]

Iran’s exports to Iraq impacted by bureaucracy, high tariffs_thumbnail

TEHRAN – Setting high tariffs and complicated visa issuance procedures for Iranian businessmen by the Iraqi government has been negatively affecting the Islamic Republic’s exports to the Arab neighbor, a member of the Iran-Iraq Joint Chamber of Commerce board of directors said. “Iraq has imposed severe restrictions on issuing visas to Iranian businessmen and has […]

Export from South Khorasan province rises 40%_thumbnail

TEHRAN- The value of export from South Khorasan province, in the east of Iran, rose 40 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year, according to a provincial official. Hassan Rahimizadeh, the director-general of the province’s […]

PGSEZ infrastructure ready for attracting investment_thumbnail

TEHRAN – Managing Director of Iran’s Persian Gulf Mining and Metal Industries Special Economic Zone (PGSEZ) has said the necessary infrastructure including water, electricity, and natural gas supplies have been provided in the region and the zone is ready for attracting investment. As IRNA reported, Hassan Khalaj Tehrani said in recent years, PGSEZ has laid […]

Over 4m tons of basic goods stored at Iranian ports_thumbnail

TEHRAN – Head of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad says over four million tons of basic goods are already stored at the country’s ports, the PMO portal reported on Wednesday. Rastad noted that 11.4 million tons of basic goods have also been cleared from the country’s ports since the beginning of the […]

‘Economic diplomacy seeks to expand relations with neighbors’_thumbnail

TEHRAN- “By promoting economic diplomacy, we can develop relations with neighboring countries, which will also lead to prosperity for the free zones”, Hossein Garousi, the acting managing director of Arvand Free Zone Organization, stated. “Diplomacy should not be just political,” he said, adding, “We need economic diplomacy, especially with neighboring countries to improve people’s livelihoods”. […]

Over 600,000 tons of commodities traded at IME in a week_thumbnail

TEHRAN- Over 636,000 tons of commodities worth more than 103 trillion rials (about $2.452 billion) were traded at Iran Mercantile Market in the past Iranian calendar week (ended on Friday). As reported by the IME’s Public Relations and International Affairs Department, the exchange sold 310,018 tons of commodities on its metals and minerals trading floor. […]

Iranian fuel to reach Beirut soon_thumbnail

TEHRAN — The first tanker carrying fuel for Lebanon has left Iranian waters. The Lebanese Hezbollah vowed last week that Iran was sending fuel to Lebanon which is facing economic collapse and serious shortages of fuel for essential services. The first tanker has left now and must sail to the Suez Canal before reaching the […]

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