Economy

Iran approves Maku free zone master plan, boosting China-Europe rail link

TEHRAN - Iran has approved the long-awaited master plan for the Maku Free Trade Zone after 12 years, a move officials say could unlock economic potential and advance the country’s east-to-west rail ambitions connecting China to Europe.
Isfahan refinery begins using seawater, secures 700,000 cubic meters monthly

TEHRAN – Isfahan Oil Refining Company has launched the pilot operation of the first phase of a major seawater transfer project, aiming to supply around 700,000 cubic meters of water each month to the refinery, its head announced.
ICCIMA calls for reshaping economic governance, empowering private sector in post-war recovery

TEHRAN – Following the recent 12-day conflict, Iranian economists and business leaders are calling for a fundamental restructuring of the country’s economic governance, emphasizing the need to boost the private sector’s share in the economy and transition from a state-dominated model to a more dynamic, resilient system.

Nearly 1.6m TV sets manufactured in a year

TEHRAN- In the past Iranian calendar year 1403 (ended on March 20), 1.591 million TV sets were manufactured in the country, Tasnim news agency reported.
ICCIMA calls for reshaping economic governance, empowering private sector in post-war recovery

TEHRAN – Following the recent 12-day conflict, Iranian economists and business leaders are calling for a fundamental restructuring of the country’s economic governance, emphasizing the need to boost the private sector’s share in the economy and transition from a state-dominated model to a more dynamic, resilient system.
Daily diesel consumption cut by 5m liters amid anti-smuggling efforts

TEHRAN – Iran has reduced its daily diesel consumption by an average of five million liters in 2025 (Iranian year 1404), compared to the previous year, driven by tighter consumption management and enhanced fuel smuggling controls, a senior oil official said.
Iran approves Maku free zone master plan, boosting China-Europe rail link

TEHRAN - Iran has approved the long-awaited master plan for the Maku Free Trade Zone after 12 years, a move officials say could unlock economic potential and advance the country’s east-to-west rail ambitions connecting China to Europe.
Isfahan refinery begins using seawater, secures 700,000 cubic meters monthly

TEHRAN – Isfahan Oil Refining Company has launched the pilot operation of the first phase of a major seawater transfer project, aiming to supply around 700,000 cubic meters of water each month to the refinery, its head announced.
Annual manufacturing of washing machines increases 9.6%

TEHRAN- Manufacturing of washing machines in Iran has risen 9.6 percent in the past Iranian calendar year 1403 (ended on March 20), as compared to the preceding year, Tasnim news agency reported.
150 km of new freeways to be inaugurated by Mar. 2026

TEHRAN - Iran plans to inaugurate 150 kilometers of new freeways across the country by the end of the current Iranian calendar year (march 20, 2026), the head of the country’s transport infrastructure development company said on Tuesday.
National smart free zones project unveiled to promote digital governance

TEHRAN - Iranian President Masoud Pezeshkian on Monday launched a national smart transformation initiative for the country’s free trade and special economic zones, unveiling three digital platforms aimed at boosting transparency, efficiency, and tourism.
Iran approves emergency plan to boost oil output by 250,000 bpd with NDF backing

TEHRAN - Iran’s top economic council has approved an emergency plan to increase daily crude oil production by 250,000 barrels, with 80 percent of the funding to be provided by the National Development Fund (NDF), the country’s sovereign wealth fund.
Power infrastructure projects worth $120m launched in northern Iran

TEHRAN - Iran’s Energy Ministry has inaugurated 26 major electricity infrastructure projects in the northern province of Mazandaran, aiming to boost the reliability and capacity of the regional power grid.