Iran’s annual steel production rises 8.5%

TEHRAN- Production of steel in Iran increased by 8.5 percent in the previous Iranian calendar year 1401 (ended on March 20), as compared to the preceding year, an official with the Iranian Steel Producers Association (ISPA) said.

Iran, Syria launch joint bank, insurance company

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi has announced launching a joint bank and insurance company with Syria, the ministry’s portal Shada reported.

‘EAEU ready to boost annual trade with Iran to $30b’

TEHRAN - The minister in charge of trade of the Eurasian Economic Commission (EEC) has said that the Eurasian Economic Union (EAEU) is ready to boost its annual trade with Iran to $30 billion, IRNA reported.

120,000 tons of greenhouse products exported from Hormozgan in a year

TEHRAN- As announced by a provincial official, 120,000 tons of greenhouse products were exported from Hormozgan province, in the south of Iran, during the past Iranian calendar year 1401 (ended on March 20).

Heads of Iran-Syria Joint Economic Committee meet to follow up on previous agreements

TEHRAN – Tehran hosted a meeting of the heads of Iran-Syria Joint Economic Committee on Monday during which the two sides discussed previously reached agreements and explored ways of accelerating their implementation, IRNA reported.

Over $4.7b of basic commodities imported in 4 months

TEHRAN – Iran imported 7.352 million tons of basic goods worth $4.763 billion in the first four months of the current Iranian calendar year (March 21-July 22), 6.21 percent less than the figure for last year’s same period, ILNA reported.

Bank loans to economic sectors up nearly 26% in 3 months

TEHRAN- Iranian banking system has paid 9.21 quadrillion rials (about $18.83 billion) of facilities in the first three months of the current Iranian calendar year (March 21-June 21), registering a 25.8-percent rise from the figure in the same period of the previous year, the Central Bank of Iran (CBI) announced.

Car manufacturing rises 30% in 4 months on year

TEHRAN- Car manufacturing in Iran rose 30 percent in the first four months of the current Iranian calendar year (March 21-July 22), as compared to the same two months in the previous year.

‘Foreign countries keen on cooperation with Iran in petchem industry’

TEHRAN - The head of Iran’s National Petrochemical Company (NPC) has said many foreign countries have been reaching out for cooperation with Iran’s petrochemical industry, Shana reported on Saturday.

Iran holds 1.5 billion tons of coal reserves

TEHRAN – The secretary of Iran Coal Association has said the country holds 1.5 billion tons of definite coal reserves which is enough to meet the country’s needs for the next 500 years, IRIB reported on Saturday.

Over 46,000 tons of red meat produced in a month

TEHRAN- Production of red meat in Iran stood at 46,086 tons in the third month of the current Iranian calendar year (May 22-June 21), showing a 12 percent fall compared to the same month in the past year, the Statistical Center of Iran (SCI) reported.

Iran, Azerbaijan agree to launch Astarachay Bridge in 4 months

TEHRAN - Iranian Minister of Transport and Urban Development Mehrdad Bazrpash and Deputy Prime Minister of Azerbaijan Shahin Mustafayev have agreed, in a telephone conversation, to complete the construction of Astarachay Bridge and launch it within the next four months.

Iran calls for bolstering agricultural trade ties with Serbia

TEHRAN – Iranian Agriculture Minister Mohammad-Ali Nikbakht has stressed the need for the expansion of economic exchanges with Serbia especially in the agricultural sector, the ministry’s news portal reported on Tuesday.

Tehran, Kuala Lumpur ink MOU on agricultural co-op

TEHRAN – Iran and Malaysia have signed a memorandum of understanding (MOU) to enhance bilateral cooperation in agriculture, especially in the field of research and education, Mehr News Agency reported.

By Ebrahim Fallahi

‘Tajikistan interested in expanding trade relations with Iran’

TEHRAN - The Acting Head of Iran’s Trade Promotion Organization (TPO) Mehdi Zeyghami met with Tajikistan’s Ambassador in Tehran Nizamuddin Zahedi on Saturday to discuss ways of removing trade barriers and improving economic relations between the two countries.

Iran to host 10th CHCA meeting

TEHRAN - The Islamic Republic of Iran is going to host the 10th meeting of the Council of Economic Cooperation Organization (ECO) Heads of Customs Administration (CHCA) and the 9th meeting of the Customs Transit Committee.

Hindering Iran to host World Maritime Day shows sanctions failure: PMO

TEHRAN- Iran’s Ports and Maritime Organization (PMO), in a statement published on Saturday, condemned the actions of the U.S. and UK governments for hindering Iran to host the International Maritime Organization (IMO) Parallel Event of World Maritime Day.

Herat hosting exhibition of Iranian, Afghan products

TEHRAN - A joint exhibition of products made in Iran and Afghanistan kicked off in Afghanistan’s western city of Herat on Friday.

Iran-Iraq 1st free zone to be set up by next March

TEHRAN- Hojatollah Abdolmaleki, the secretary of Iran’s Free Zones High Council, announced the desire of Iraq to establish a joint free zone with Iran and said the first joint free zone of the two countries will be set up by the end of the current Iranian calendar year (March 20, 2024).

Major plans underway to improve free zones’ business environment

TEHRAN - Hojatollah Abdolmaleki, the secretary of Iran's Free Zones High Council, has said major plans are underway to improve the business environment of the country’s free zones, IRIB reported on Friday.