Category: Economy and markets
Iran’s Isfahan enjoys high capacities for tourism, trade_thumbnail

During an interview with the Zardis News Agency on Wednesday, Humaid Mohammed bin Salem discussed the impact of the 2nd conference of Chambers of Commerce of Asia Cooperation Dialogue (ACD) member states in Isfahan on trade relations between Iran and member states. He emphasized that the Asian Cooperation Dialogue Forum is like an organization and […]

Iran’s annual exports from steel industry hit $7.8 billion_thumbnail

Speaking in a meeting to introduce the export capabilities of Iran’s steel industry, which was held on the sidelines of Iran Expo 2024, Vahid Yaghoubi said, “Last year, the exports of the steel industry were 7.8 billion dollars, and this year we expect this figure to increase.” “With the removal of energy restrictions, the steel […]

Iran’s annual agro-food exports increase over 22%_thumbnail

According to the spokesman of the International Relations and Trade Development Committee of Iran’s House of Industry, Mining and Trade Ruhollah Latifi, Iranian producers managed to export about $6.3 billion worth of the mentioned products in the said year. As reported, agro-food products accounted for 12.8 percent of the country’s total non-oil exports in the […]

Iran-Turkey trade reaches $930 mn in 2 months_thumbnail

According to the latest figures released by the Turkish Statistical Institute (TURKSTAT), Iran’s trade with the neighboring country stood at $919 million in January-February 2023. According to TURKSTAT, Turkey’s exports to Iran in the mentioned two months reached $580 million, recording a 23 percent increase compared to last year’s corresponding period. Turkey exported over $469 […]

Iran, Russia discuss banking, financial cooperation_thumbnail

Kazem Jalali and Elvira Sakhipzadovna Nabiullina met and discussed banking and financial cooperation between Iran and Russia. In this meeting, the two parties expressed their satisfaction with the connection and operationalization of the banking messengers of the two countries and the process of speeding up the implementation of other banking and financial projects between them. […]

Iran takes world’s 16th place in car manufacturing: OICA_thumbnail

The International Organization of Motor Vehicle Manufacturers (known as OICA) announced that car production in Iran in 2023 reached 1,188 cars which has grown by 12% compared to the previous year. Car manufacturing in Iran is the third most active industry in the country, accounting for 10% of GDP and 4% of the workforce after the […]

More than 250 foreign companies to attend Iran oil, gas expo_thumbnail

Gholamreza Jamali, the head of the public relations department of the National Iranian Oil Company stated that countries such as Russia, China, Germany, France, Japan, Canada, Italy, Turkey, Belarus, India, Austria, Argentina, etc. will take part at the 28th Iran International Oil, Gas, Refining & Petrochemical Exhibition. He added that about 1,500 domestic companies operating in […]

Iran’s pharmaceutical industry grows by over 11% in a year_thumbnail

The country’s pharmaceutical industry registered more than 11 percent in the previous year (ended March 19, 2024) compared to a year earlier, Heidar Mohammadi said. The FDA chief pointed out that the export of medicines doubled in the previous year compared to a year before. The activists of the pharmaceutical industry of the country believe […]

Iranian nuclear plant’s annual power output hits record high_thumbnail

In a video message released on Wednesday, Mohammad Eslami congratulated the Iranian nation on Nowruz, the Persian New Year. The AEOI chief said a series of plans and measures have increased the productivity levels in the energy and nuclear power sectors. Highlighting the safe, successful, and seamless performance of the Bushehr nuclear power plant in […]

Tehran targeting $20 billion in trade with Baghdad by 2027_thumbnail

Speaking at the latest session of the Coordinating Headquarters of Foreign Economic Relations, the director general of the Persian Gulf Office of Iran’s Ministry of Foreign Affairs, Jahanbakhsh Sanjabi, said Iran has targeted $20 billion in trade with Iraq by the end of 2027. The meeting, headed by Iran’s Deputy Foreign Minister for Economic Diplomacy Affairs […]

Iran Expo 2024 to host 3000 foreign traders, businessmen_thumbnail

The 6th International Iran Expo 2024 is one of the most popular international events in Iran, and it provides great chances for businesses, manufacturers, suppliers, commercial media, and other activists in various sectors and industries to put their products, services, technologies, and business ideas to show. The 6th International Exhibition of Iran Expo 2024 is […]

Tehran markets before Nowruz_thumbnail

TEHRAN, Mar. 16 (MNA) – People in Tehran are busy these days purchasing the items they need for celebrating the new Iranian year of 1403. The beginning of the new year is called Nowruz in Iran like many other neighboring countries.

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