All Iranian frozen assets in S.Korea unblocked: CBI governor

TEHRAN – The governor of the Central Bank of Iran (CBI) has said all the country’s frozen assets in South Korea have been released, Mehr News Agency reported.

By Mahnaz Abdi

49 service vessels worth €134m being built relying on domestic capabilities

TEHRAN- The head of Iran’s Ports and Maritime Organization (PMO) announced that 49 service vessels worth €134 million are now being built in the country relying on domestic production.

Sponge iron export registered record high of 249% growth

TEHRAN- Iran’s export of sponge iron registered a record high of 249.4 percent in growth during the first four months of the current Iranian calendar year (March 21-July 22), as compared to the same period of time in the past year, the Iranian Steel Producers Association (ISPA) announced.

Industry ministry continues constructing power plants using domestic capacities

TEHRAN – Iranian Industry, Mining, and Trade Minister Abbas Ali-Abadi has said that the program for constructing power plants with a total capacity of 10,000 megawatts (MW) is being seriously pursued using the capacities of domestic companies, IRNA reported.

Investment in sea sector to rise to $2b to realize maritime economy

TEHRAN – Head of Iran’s Ports and Maritime Organization (PMO) Ali-Akbar Safaei has said that investment in maritime projects across the country is going to be increased to one quadrillion rials (about $2.01 billion) in order to realize maritime economy goals.

Iran, Syria stress expansion of economic ties

TEHRAN – Iranian Minister of Industry, Mining and Trade and the Minister of Economy and Foreign Trade of Syria have emphasized solving trade-related problems and strengthening communication to develop investments and increase economic cooperation between the two countries.

Swiss envoy appreciates TPO’s effort to solve problems of intl. firms in Iran

TEHRAN- The Swiss ambassador in Tehran appreciated the efforts made by Iran’s Trade Promotion Organization (TPO) to solve the problems of international companies present in Iran.

Tehran, Moscow explore avenues of co-op in aviation industry

TEHRAN – Iranian Industry, Mining and Trade Minister Abbas Ali-Abadi, and Russian Deputy Industry Minister for Aviation Industry Andrey Boginsky met on Monday to discuss ways of cooperation between the two counties in the aviation sector, Mehr News Agency reported.

Iran, Sri Lanka stress enhancing banking, trade ties

TEHRAN – In a meeting between Governor of the Central Bank of Iran (CBI) Mohammad-Reza Farzin and Minister of Foreign Affairs of Sri Lanka Ali Sabry in Tehran on Sunday, the two sides stressed the need for the development of monetary and banking relations between the two countries as a prerequisite for the expansion of bilateral economic ties.

Investment-making growth doubled in free trade, special economic zones

TEHRAN- As announced by Secretary of Iran’s Free Zones High Council Hojatollah Abdolmaleki, the growth of investment-making has doubled in the country’s free trade and special economic zones during the current government’s incumbency.

Tehran, Baghdad confer on establishing joint industrial zones

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi met with the advisor to the Iraqi Prime Minister on Sunday and discussed various issues including the establishment of joint industrial zones and completing the Shalamcheh-Basra railway, IRNA reported.

Railway fleet receives 346 domestically made wagons, locomotives

TEHRAN- Iranian railway fleet received 346 new domestically-made wagons and locomotives worth 10.09 trillion rials (about $20.63 million) on Saturday, in a ceremony attended by Head of the Islamic Republic of Iran Railways (known as RAI) Miad Salehi.

ICCIMA to host Iran-Vietnam business forum on Wednesday

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is going to host an Iran-Vietnam business forum on Wednesday (August 9) concurrent with the visit of a high-ranking delegation from the Asian country to Tehran.

Development projects valued at $21b underway at PSEEZ

TEHRAN - The managing director of Iran’s Pars Special Economic Energy Zone (PSEEZ) has said 27 development projects with a total investment of $21 billion are underway in the region, Shana reported.

Iran, Syria to enhance banking, monetary ties

TEHRAN- Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin met with Syrian Communications and Technology Minister Iyad Mohammad al-Khatib and the country’s Economy and Foreign Trade Minister Mohammad Samer al-Khalil on Wednesday to discuss ways of expanding monetary and banking ties.

Tehran hosting intl. exhibition of construction industry

TEHRAN- The 23rd International Exhibition of Building and Construction Industry (Iran Confair 2023) was opened by Transport and Urban Development Minister Mehrdad Bazrpash at Tehran Permanent International Fairgrounds on Thursday.

Specialized solar park to be set up in Kerman province soon

TEHRAN- The establishment of a specialized solar park in Kerman province was put on the agenda with the approval of the board of directors of Iran Small Industries and Industrial Parks Organization (ISIPO).

200,000 National Housing Movement units under construction in new towns

TEHRAN- The managing director of New Towns Development Company said that 200,000 National Housing Movement units under are construction in new towns throughout the country.

Iran to dispatch a large trade delegation to Brazil

TEHRAN- Iran is planning to dispatch a large trade delegation to Brazil in the seventh Iranian calendar month Mehr (September 23-October 22), the head of Iran's trade center in Brazil announced.