Economy

Aluminum ingot production exceeds 350,000 tons in 7 months

TEHRAN - Production of aluminum ingot in Iran reached 353,700 tons in the first seven months of the current Iranian calendar year (September 23-October 22), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
China footwear hub Jinjiang explores joint production with Tehran

TEHRAN – A trade delegation from Jinjiang, China – the country’s largest footwear manufacturing hub – visited the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) for direct meetings with the board members of Iran’s Footwear Industry Association, exploring opportunities for joint collaboration.
Oil market adjusts as heavy crude prices stabilize after earlier highs

TEHRAN – Heavy crude prices have eased from the elevated levels of recent years, reflecting a broader adjustment across global benchmarks as supply conditions normalize and geopolitical risks moderate.

ICCIMA reaches new agreement with IRICA to secure extended customs exemptions

TEHRAN – The head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said customs authorities have agreed to extend the exemption period for determining the nature of goods to nine months, marking a key outcome of recent negotiations between ICCIMA and the Islamic Republic of Iran Customs Administration (IRICA).
Oil market adjusts as heavy crude prices stabilize after earlier highs

TEHRAN – Heavy crude prices have eased from the elevated levels of recent years, reflecting a broader adjustment across global benchmarks as supply conditions normalize and geopolitical risks moderate.
China footwear hub Jinjiang explores joint production with Tehran

TEHRAN – A trade delegation from Jinjiang, China – the country’s largest footwear manufacturing hub – visited the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) for direct meetings with the board members of Iran’s Footwear Industry Association, exploring opportunities for joint collaboration.
Aluminum ingot production exceeds 350,000 tons in 7 months

TEHRAN - Production of aluminum ingot in Iran reached 353,700 tons in the first seven months of the current Iranian calendar year (September 23-October 22), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Iran Food Expo 2025 focuses on technological imports, sustainable exports, production chain

TEHRAN- Iran Food Expo 2025, which will take place from December 3rd to 6th, is an opportunity to redefine the food industry chain in Iran, Rashid Azizpour, the secretary general of the Federation of Iranian Food Associations, stated, emphasizing the simultaneous role of technological imports, sustainable exports, and the production chain in developing the competitiveness of the food industry.
Support package approved to ease liquidity strain on automakers, auto part suppliers

TEHRAN – A senior industry official said a new support package has been approved to increase credit ceilings for major automakers and their supply chains, following coordination between the Ministry of Industry, Mining and Trade and the Central Bank’s High Council to resolve financing bottlenecks.
ICCIMA deputy head outlines measures to ease pressure on manufacturers

TEHRAN – A senior official at the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said manufacturers are being squeezed by stagflation and a tightening liquidity crunch, warning that the dual pressures threaten production capacity unless urgent corrective steps are taken.
Iran-China trade could multiply if longstanding barriers are eased, business leader says

TEHRAN – Bilateral trade between Iran and China could grow several-fold if structural obstacles are addressed, a senior Chinese business figure in Tehran said, highlighting what he described as vast untapped economic and geopolitical potential between the two countries.
Foreign investment in Tehran stock market more than doubles in a year

TEHRAN – The total value of foreign investors’ portfolios in Iran’s stock market more than doubled over the past year, reaching over 210 trillion rials ($210 million) by the late October 2025, up from about 90 trillion rials ($90 million) a year earlier, official data show..
‘Maritime-based economy plan has a deep developmental vision’

TEHRAN- The former head of Iran’s Ports and Maritime Organization (PMO) said the comprehensive plan of maritime-based economy has a deep developmental vision and is intended to be the basis for all future decisions.