Category: Economy and markets
40 idle production units revived in Qazvin province in a year_thumbnail

TEHRAN- As announced by a provincial official, 40 idle production units were revived in Qazvin province, in the northwest of Iran, in the past Iranian calendar year (ended on March 20). Hamidreza Khanpour, the managing director of Qazvin’s Industrial Parks Company, also said that 100 idle units are planned to return to the production cycle […]

Iran-EAEU annual trade hits $2.1b_thumbnail

TEHRAN- The value of non-oil trade between Iran and the members of the Eurasian Economic Union (EAEU) reached $2.1 billion in the previous Iranian calendar year (ended on March 20), data released by Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) showed. Based on the mentioned data, the value of trade shows an 11-percent […]

Annual cement production exceeds 68m tons_thumbnail

TEHRAN- Iran produced 68.3 million tons of cement during the past Iranian calendar year (ended on March 20), the secretary of Cement Industry Employers Association announced. Abdolreza Sheikhan also said that the annual output can reach over 70 million tons in the current year. According to the production statistics of 68.3 million tons in the previous […]

Iran’s steel output to reach 32m tons by Mar. 2022_thumbnail

TEHRAN – Iran is planning to produce 32 million tons of steel in the current Iranian calendar year (March 2021-March 2022) to register a 27.7 percent rise compared to the figure for the previous year (ended on March 20). Based on the Industry, Mining, and Trade Ministry data, Iranian steel companies managed to produce 28.374 […]

Monthly petchem production up 7% yr/yr_thumbnail

TEHRAN – Iran’s petrochemical production in the first month of the current Iranian calendar year (March 21-April 20) increased by seven percent compared to the same month in the previous year, an official with the National Petrochemical Company (NPC) announced. The country’s petrochemical complexes produced 5.5 million tons of products in the mentioned month, according […]

Iran ranked world’s 10th largest steelmaker in Q1 2021: WSA_thumbnail

TEHRAN – Iran was ranked the world’s tenth-largest steel producer in the first three-month of 2021, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced referring to the data released by the World Steel Association (WSA). According to the WSA’s data, Iran produced 7.5 million tons of crude steel in Q1 2021, registering […]

Iran-Oman trade could be boosted to $5b_thumbnail

TEHRAN – Head of Iran-Oman Joint Chamber of Commerce said the two countries have the potential to raise their trade level to $5 billion per year. “Given the favorable conditions for diversifying Iranian exports to Oman and the existing infrastructure for re-export in Oman, there is a capacity to increase the volume of trade between […]

Parliament’s committee reforms plan of car offering at IME_thumbnail

TEHRAN- A member of the parliament’s Industries and Mines Committee said that the plan of offering cars at Iran Mercantile Exchange (IME) has been investigated and reformed in a meeting of this committee on Sunday. Rouhollah Izadkhah said, “In today’s meeting, the committee approved that in a situation where the car market is facing imbalances […]

Power of Hope program boosts number of low consuming subscribers by 4%_thumbnail

TEHRAN- Iranian Energy Ministry’s Spokesman for Electricity Industry Mostafa Rajabi Mashhadi announced that the implementation of the “Power of Hope” program has increased the number of low consuming subscribers by four percent. He said, “It seems that the Power of Hope program is on its way and the subscribers have been informed about this issue.” […]

Iran tourism minister hopes for a ‘sincere return’ to cherish global heritage_thumbnail

TEHRAN – Cultural Heritage, Tourism, and Handicrafts Minister Ali-Asghar Mounesan issued a message on the occasion of International Day for Monuments and Sites, hoping for an “imminent end to the coronavirus [crisis] and a sincere return of human to cherish the global heritage”. The message highlights cultural assets of the country and its importance for […]

Italian companies eager for return to Iranian market_thumbnail

TEHRAN – Chairman of Iran-Italy Joint Chamber of Commerce Ahmad Pourfallah has said Italian companies are still eager to engage in trade with Iran and are preparing to return to the Islamic Republic, ILNA reported on Monday. “Many Italian companies are preparing to re-enter Iran after the sanctions are lifted and in this regard, we […]

Annual production of textile, clothing and leather products doubles_thumbnail

TEHRAN – Production of textile, clothing, and leather products in Iran doubled in the previous Iranian calendar year (ended on March 20), a board member of the Iranian Tanners Association announced. “This success was achieved at a time when entrepreneurs in the textile, apparel, and leather industries were facing lots of problems in the previous […]

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