‘Investment making necessary in agricultural production’

TEHRAN- The chairman of Iran’s Agricultural Planning, Economic and Rural Development Research Institute (APERDRI) stressed the need to make investments in the production of agricultural products.

Steel ingot production rises 7.4% in 2 months on year

TEHRAN– Production of steel ingot in Iran rose 7.4 percent during the first two months of the current Iranian calendar year (March 21-My 21), as compared to the same period of time in the past year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced.

Iranian oil output increases by 350,000 bpd since March: IEA

TEHRAN - The International Energy Agency (IEA) has said in a recent report that Iran’s crude oil output has increased by about 350,000 barrels per day (bpd) since the beginning of 2023 in spite of U.S. sanctions targeting the country’s oil sector.

Iran, Algeria agree on boosting trade exchanges

TEHRAN – In a meeting between the economy ministers of Iran and Algeria, the two sides have agreed to boost economic exchanges between the two countries, IRNA reported.

By Ebrahim Fallahi

Iranian firms double presence in Russia’s trade fairs

TEHRAN - A Russian official has announced that the number of Iranian companies attending business and trade exhibitions in Moscow has doubled during the first five months of 2023 compared to the same period last year.

Tehran, Kabul reach major trade agreements

TEHRAN - During the visit of the head of the Iranian Trade Promotion Organization (TPO)’s Afghan desk to Afghanistan, important agreements were made for the development of trade relations between the two countries, the TPO portal reported.

Commercial maritime transportation rises 20% in Q1

TEHRAN - The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) has said the transportation of goods by the company’s fleet has increased by 20 percent in the first three months of the current Iranian calendar year (March 21-June 21) as compared to the corresponding period in the previous year.

Iran-China trade exceeds $6.5 billion in H1 2023

TEHRAN – The value of Iran's economic exchanges with its leading trade partner, China, reached $6.5 billion during the first sixth months of 2023, according to the data released by China’s customs administration.

Exhibition of Iranian export capabilities to be held in Belarus in early August

TEHRAN - An exclusive exhibition of Iran’s export capabilities is scheduled to be held in Belarus's capital in early August.

Modern electricity monitoring center opened in Tehran

TEHRAN - Iran’s Energy Minister Ali-Akbar Mehrabian inaugurated a modern electricity and energy monitoring center in the capital Tehran on Monday amid efforts to manage the supply and consumption of energy in the country.

Iran willing to export technical engineering services to Burkina Faso

TEHRAN – The acting head of Iran’s Trade Promotion Organization (TPO) has said Iran is willing to expand trade ties with Burkina Faso and export technical engineering services to the country, the TPO portal reported on Tuesday.

Iran-EAEU close to concluding free trade agreement

TEHRAN – The Islamic Republic of Iran and the Eurasian and Economic Union (EAEU) are close to concluding a long-awaited free trade agreement (FTA) and the FTA could go operational this year, a Russian official said.

Selahvarzi elected as ICCIMA chairman

TEHRAN – Hossein Selahvarzi was elected as the head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Sunday morning.

Turbine manufacturing in Iran rises nearly 30% in a year

TEHRAN – Turbine manufacturing in Iran witnessed a 29.5 percent surge in the previous Iranian calendar year 1401 (ended on March 20) and the number of people working in the sector also increased by four-fold, data released by the Central Bank of Iran (CBI) showed.

Iran’s annual minerals extraction increases 5%

TEHRAN – Iranian mines managed to extract 650 million tons of minerals in the past Iranian calendar year 1401 (ended on March 20), registering a five percent growth compared to the preceding year, an official with the country’s Industry, Mining, and Trade Ministry said.

ICCIMA hosts Iran-Uzbekistan business forum

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted an Iran-Uzbekistan business forum on Saturday concurrent with the visit of Uzbekistan’s President Shavkat Mirziyoyev to Tehran.

Tehran, Havana ink 6 co-op pacts

TEHRAN - Senior officials of Iran and Cuba signed six cooperation documents in the presence of the presidents of the two countries on Thursday.

Iran, Nicaragua sign co-op documents to boost economic ties

TEHRAN - Iran and Nicaragua have signed three major cooperation documents as part of President Ebrahim Raisi’s visit to the Latin American country, IRNA reported.

Iran’s transport minister visits Russia to attend SPIEF

TEHRAN - Iranian Minister of Transport and Urban Development Mehrdad Bazrpash traveled to Russia to attend the 26th St. Petersburg International Economic Forum (SPIEF), IRNA reported.