Iran ranks 43rd among world’s top importers of food products

TEHRAN - Despite being the 17th most populous country in the world, Iran is ranked 43rd in the world in terms of food imports, the latest data released by the United Nations Food and Agriculture Organization (FAO) shows.

Annual bank loans paid to knowledge-based firms up over 108%

TEHRAN – Iranian banking system paid 669.4 trillion rials (about $2.585 billion) of facilities to 1,362 knowledge-based companies in the past Iranian calendar year 1400 (ended on March 20), to register a 108.2 percent rise compared to the preceding year 1399.

Iran eyeing new destinations for oil shipments: NIOC

TEHRAN – The managing director of the National Iranian Oil Company (NIOC) has said Iran is looking into potential new destinations for the country’s oil cargoes to diversify the list of oil buyers, IRNA reported.

Tehran, Moscow ink 3 cooperation documents

TEHRAN – Iran and Russia have signed three documents of cooperation following the visit of a high-ranking Russian delegation to Iran earlier this week, Mehr News Agency reported.

Commodities worth over $2b traded at IME in a month

TEHRAN- During the past Iranian calendar month Ordibehesht (ended on May 21), the second month of Iranian calendar year, 7.939 million tons of commodities worth more than 665 trillion rials (about $2.519 billion) were traded at Iran Mercantile Exchange (IME).

Annual copper cathode output up 2.8%

TEHRAN- Production of copper cathode in Iran rose 2.8 percent in the past Iranian calendar year 1400 (ended on March 20), from its previous year, Industry, Mining and Trade Ministry reported.

More than 63m tons of cement produced in a year

TEHRAN- Iran produced 63.076 million tons of cement in the past Iranian calendar year 1400 (ended on March 20), Industry, Mining and Trade Ministry reported.

Iran says Greece's move in hindering vessel from sailing violates intl. standards

TEHRAN - Iran’s Ports and Maritime Organization (PMO) issued a statement on Wednesday afternoon about the arrest of an Iranian cargo vessel in Greek waters, describing the move as an act of piracy and violation of international standards.

Modares-Zadeh appointed as new secretary-general of ICCIMA

TEHRAN- Mojtaba Modares-Zadeh was appointed as the new secretary-general of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the ICCIMA published on its website on Tuesday.

By Hossein Zadeh Qashami

Iran’s president steps up economic diplomacy with Oman visit

TEHRAN- President Ebrahim Raisi is stepping his economic diplomacy a notch up with a trip which is believed to play a crucial role in expanding relations with the Persian Gulf and Sea of Oman littoral states.

TEDPIX gains 8,700 points on Wednesday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 8,789 points to 1.564 million on Wednesday.

TEDPIX drops 1,500 points on Tuesday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE) dropped 1,521 points to 1.555 million on Tuesday.

Tehran, Muscat ink 7 co-op documents

TEHRAN – Iran and Oman have signed seven memorandums of understanding (MOUs) to expand cooperation in various areas, including commerce, plant quarantine, agriculture, sports, environment, labor, and standards.

RAI inks co-op MOU with Kazakhstan national railway

TEHRAN – The heads of the railways of Iran and Kazakhstan signed a memorandum of understanding (MOU) to increase transportation cooperation and set preferential tariffs between the two countries in order to increase the transit of goods passing through Iran.

‘Resolving transport issues, a prerequisite for expanding Iran-Kazakhstan ties’

TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie met with Kazakhstan’s Deputy Prime Minister and Minister of Trade and Integration Bakhyt Sultanov on Monday to discuss mutual economic opportunities and challenges.

Tehran hosting 3 intl. exhibitions

TEHRAN - The 9th International Exhibition of Rail Transportation, Related Industries and Equipment of Iran, the 23rd Iran Health International Exhibition, and the first International Exhibition and Conference of METARAD are being held during May 24-27 at Tehran Permanent International Fairgrounds.

TCCIMA hosts Iran-India business forum

TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted an Iran-India business forum on Monday in which businessmen from the two sides discussed areas for mutual cooperation, the TCCIMA portal reported.

IPO hosting intl. event on privatization in Iranian economy

Iran Privatization Organization (IPO) is hosting the first International Event on Privatization in Iran’s Economy at the country’s International Conference Center.

1.68m tons of basic commodities imported in 2 months

TEHRAN- Iran’s Government Trading Corporation (GTC) has announced that 1.68 million tons of basic commodities has been imported to the country by this company during the first two months of the current Iranian calendar year (March 21-May 21).

Annual coal concentrate output stands at over 1.4m tons

TEHRAN- As announced by Industry, Mining and Trade Ministry, 1,474,400 tons of coal concentrate was produced in Iran during the past Iranian calendar year 1400 (ended on March 20), IRNA reported.

Manufacturing of home appliances up 7.5% in a year

TEHRAN- Manufacturing of home appliances in Iran increased 7.56 percent during the past Iranian calendar year 1400 (ended on March 20), from its previous year, according to the data released by Industry, Mining and Trade Ministry.

Iran, Oman to form technical committee for developing joint field

TEHRAN – Iranian Oil Minister Javad Oji has announced reaching an agreement with Oman on forming a technical committee for the development of Hengam oil field which the two countries share in the Persian Gulf, Shana reported.

Tehran, Havana to form working group on mining cooperation

TEHRAN - Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Vajihollah Jafari said his organization is going to form a joint working group with Cuba to explore ways of expanding cooperation in the mining sector.