Iran, Belarus ink economic co-op MOU

TEHRAN- Iran and Belarus signed a memorandum of understanding (MOU) on cooperation in the economic fields on Monday.

SP refineries supply over 9.5 bcm of gas to national network in 6 months

TEHRAN – The refineries of Iran’s South Pars Gas Complex (SPGC) have supplied 9.550 billion cubic meters (bcm) of natural gas to the country’s network in the first six months of the current Iranian year (March 21-September 22), according to the SPGC managing director.

Iron ore concentrate export jumps 624.5% in H1

TEHRAN- The export of Iran’s iron ore concentrate increased by 624.5 percent during the first six months of the current Iranian calendar year (March 21-September 22), as compared to the same period of time in the past year, the Iranian Steel Producers Association (ISPA) announced.

Export from Isfahan province up 17% in 6 months on year

TEHRAN- The value of export from Isfahan province rose 17 percent during the first six months of the current Iranian calendar year (March 21, September 22), as compared to the same period of time in the past year, according to a provincial official.

3,300 idle, semi-active production units revived in industrial parks since late March

TEHRAN – The acting head of Iran Small Industries and Industrial Parks Organization (ISIPO) Farshad Moghimi has said that 3,300 idle and semi-active production units have been revived in the country’s industrial parks since the beginning of the current Iranian calendar year (March 21).

Iran to hold third specialized exhibition in Baghdad

TEHRAN - The third specialized exhibition showcasing Iranian economic and commercial capabilities is set to open in Baghdad on Tuesday.

Iranian economy to grow 2 times that of MENA in 2023: WB

TEHRAN - In its latest economic report on the Middle East [West Asia] and North Africa (MENA), the World Bank has predicted a 4.1 percent growth for Iran's economy this year, which is more than twice the average of West Asia and North Africa region.

Iran, Burkina Faso sign 8 cooperation MOUs

TEHRAN - The Islamic Republic of Iran and Burkina Faso have signed eight memorandums of understanding (MOUs) for cooperation in various fields including energy, town planning, higher education, and construction, IRNA reported.

Iran-Azerbaijan Joint Economic Committee chairmen hold talks in Baku

TEHRAN – Iran's Minister of Transport and Urban Development Mehrdad Bazrpash and Deputy Prime Minister of the Republic of Azerbaijan Shahin Mustafayev held talks as the chairmen of the Iran-Azerbaijan Joint Economic Committee in Baku on Friday to discuss bilateral ties and issues of mutual interest.

Iranian minister in Azerbaijan to follow up implementation of joint projects

TEHRAN- Iranian Transport and Urban Development Minister Mehrdad Bazrpash travelled to Azerbaijan on Friday for a two-day trip to follow up the implementation of the enactments of the previous meeting of the two countries’ joint economic committee, visit the joint projects, and meet the senior officials of the neighboring country.

Qatar willing to expand economic ties with Iran

TEHRAN- During a meeting between Hojatollah Abdolmaleki, the secretary of Iran’s Free Zones High Council, and Ahmad Al-Sayed, the minister of state and chairman of the board of directors of the Free Zones Authority in Qatar, the Qatari side expressed his country’s willingness to expand economic ties with Iran.

Steel export rises 20% in H1

TEHRAN- Iran’s steel export increased by 20 percent during the first half of the current Iranian calendar year (March 21-September 22), compared to the same period in the past year, the Iranian Steel Producers Association (ISPA) announced.

Tehran hosting MINEX 2023

TEHRAN- The 12th International Investment Opportunities in Iran’s Mines and Mining Industries Exhibition and Conference (MINEX 2023) kicked off in Tehran on Wednesday, IRIB reported.

By Ebrahim Fallahi

New free zone at border with Iraqi Kurdistan region to be established soon

TEHRAN - The Secretary of Iran’s Free Zones High Council announced that the Baneh-Marivan Free Zone located on the border with Iraq’s Kurdistan Region is going to be opened in the coming weeks.

Loading, unloading of goods in Iran’s ports up 3% in H1

TEHRAN – The loading and unloading of goods in the ports of Iran increased by three percent in the first six months of the present Iranian calendar year (March 21-September 22), as compared to the same period of time in the past year.

717 knowledge-based units operating in industrial parks

TEHRAN - The acting head of Iran Small Industries and Industrial Parks Organization (ISIPO) said 717 knowledge-based production units are currently operating in the country’s industrial parks and zones.

TSE launches professional investment market

TEHRAN – The Tehran Stock Exchange (TSE) has launched the country’s first professional investment market with the aim of financing major economic projects across the country, IRNA reported on Monday.

Iranian oil production hits 2018 high of 3.15m bpd: survey

TEHRAN – The Islamic Republic of Iran has managed to push its oil output to 3.15 million barrels per day (bpd), the highest since 2018, the year Washington re-imposed sanctions on Iran, according to Reuters surveys and separate figures from OPEC.

TEDPIX drops over 17,000 points on Sunday

TEHRAN - TEDPIX, the main index of the Tehran Stock Exchange (TSE), dropped 17,374 points (0.83 percent) to 2,067,159 on Sunday, to continue the current week’s downward trend.

Iran, Belarus to hold 16th Joint Economic Committee meeting next week

TEHRAN - The 16th Iran-Belarus Joint Economic Committee meeting is scheduled to be held in Tehran on October 9-10, the portal of Iran’s Trade Promotion Organization (TPO) reported.

Recent economic developments discussed at ICCIMA board meeting

TEHRAN - The board of representatives of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) held their fourth meeting in the new tenure on Sunday, the ICCIMA portal reported.

Domestic fleet of rail transport to develop rapidly in coming month

TEHRAN- The managing director of the Islamic Republic of Iran Railways (known as RAI) said that with the diversification of financing and support for domestic production in the coming months, the domestic fleet of rail transport will develop by leaps and bounds.

Raisi inaugurates major projects during provincial trip to Isfahan

TEHRAN - President Ebrahim Raisi inaugurated several major projects during a one-day visit to Isfahan Province in central Iran on Friday, IRNA reported.

Boosting Iran-Iraq economic ties requires joint investment: ICCIMA head

TEHRAN - Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Hossein Selahvarzi has emphasized the need for boosting joint investment between Iranian and Iraqi private sectors to increase economic cooperation.

Gas supply to power plants rises 16% in H1

TEHRAN - Head of the National Iranian Gas Company (NIGC) Majid Chegeni said the cumulative gas supply to the country’s power plants in the first six months of the current Iranian calendar year (March 21-September 22) has increased by 16 percent compared to last year’s same period, registering a new record high.

Iran, Qatar discuss strategies to expand financial, banking relations

TEHRAN- During a meeting between the governors of the central banks of Iran and Qatar, in Doha on Wednesday, the two sides discussed the strategies for developing financial and banking relations between the two countries.

Government has strategic plan for maritime economy development: PMO head

TEHRAN- Iran’s Ports and Maritime Organization (PMO) Head Ali-Akbar Safaei said the government has a strategic plan for developing the maritime economy in the country and to this end, 27 strategic coastal points have been selected in which infrastructural projects are underway, the portal of PMO reported.

Oji underlines oil industry role in strengthening Iran-Saudi ties

TEHRAN – Iranian Oil Minister Javad Oji has emphasized the important role of the oil industry in strengthening the ties between the Islamic Republic and Saudi Arabia, Shana reported.