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Economy News

Iran’s 8-month steel ingot production up 5% yr/yr

Iran’s 8-month steel ingot production up 5% yr/yrTEHRAN – The output of Iran’s major steel ingot producers reached 17. llion tons in the first eight months of the current Iranian calendar year (March 21-November 22), indicating a five percent increase compared to last year’s same period....
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Russian contractor starts work at power plant south of Iran

Russian contractor starts work at power plant south of IranTEHRAN- Iranian officials say a Russian contractor is taking over at a major power plant south of the country which is expected to be built through finances provided by M...
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CBI governor meets with Iranian bankers

CBI governor meets with Iranian bankersTEHRAN – The Governor of the Central Bank of Iran (CBI) held talks with the managing directors of the country’s banks in a CBI’s periodic meeting, IRIB reported on Tuesda...
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'No need for red meat imports this year'

'No need for red meat imports this year'TEHRAN – Managing Director of Iran’s Central Union of Animal Farmers says there is no need for imports of red meat this year (ends on March 19, 2020), due to surplus prod...
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‘Reforming culture of consumerism helps economy’

‘Reforming culture of consumerism helps economy’TEHRAN - Secretary of the Supreme Council of the Cultural Revolution Seyed Saeed Reza Ameli said on Tuesday that reforming culture of consumerism helps develop economy......
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Stability to come back to forex market: CBI governor

Stability to come back to forex market: CBI governorTEHRAN- The governor of the Central Bank of Iran (CBI) said that the bank will bring stability back to the forex market, IRIB reported....
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Tehran, Muscat explore avenues of economic co-op

Tehran, Muscat explore avenues of economic co-opTEHRAN – An Iran-Oman business forum was held on Sunday, in which the two countries explored ways of further boosting economic relations, IRNA reported....
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Tehran, Muscat explore avenues of economic co-op

Tehran, Muscat explore avenues of economic co-opTEHRAN – An Iran-Oman business forum was held on Sunday, in which the two countries explored ways of further boosting economic relations, IRNA reported....
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Commodities worth $738m traded at IME in a week

Commodities worth $738m traded at IME in a weekTEHRAN- During weekdays ended on December 5, approximately 638,838 tons of commodities worth over $738 million were traded at Iran Mercantile Exchange (IME)....
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Iran, Kyrgyzstan confer on boosting trade up to 10 folds

Iran, Kyrgyzstan confer on boosting trade up to 10 foldsTEHRAN – Iranian industry, mining, and trade minister said Iran and Kyrgyzstan have agreed to boost their trade turnover to $500 million, ten times more than the current ...
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Indigenizing modern technology in steel sector nullifies sanctions

Indigenizing modern technology in steel sector nullifies sanctionsWhile the U. S. unilateral sanctions on Iran in recent years have upset the Iranian industry in some sectors, the statistics indicate that the minerals sector has not bee...
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