PBO expects next year’s budget bill to be 98% realized

TEHRAN – The head of Iran’s Planning and Budget Organization (PBO) has said the national budget bill for the next Iranian calendar year 1402 (March 2024-March 2025) is expected to be realized by 98 percent, IRIB reported.

Iran to host ICCIA general assembly in 2024

TEHRAN – The Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is going to host the 40th general assembly of the Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) in 2024.

Strategic plan for industrial development to be finalized by late Mar. 2024

TEHRAN – Iranian government is preparing a strategic plan for the industrial development of the country which will be finalized by the end of the current Iranian calendar year (March 20, 2024), a member of the Iranian Parliament’s Industry and Mining Committee said.

Iran’s November oil output rises 7,000 bpd: OPEC

TEHRAN - Iran produced 3.128 million barrels per day (bpd) of crude oil in November, registering a 7,000 bpd increase compared to the previous month, according to OPEC’s latest monthly report.

Kharg terminal’s oil storage capacity to rise 2m barrels

TEHRAN - The head of Iranian Oil Terminals Company (IOTC) said the crude oil storage capacity of Kharg Oil Terminal is going to increase by two million barrels, IRNA reported.

Oil Ministry begins completing $47.5b of projects to boost output

TEHRAN – Iranian Oil Minister Javad Oji said the ministry has started completing 50 projects in the oil industry with a total investment of $47.5 billion to increase the country’s oil and gas output, Shana reported.

TPPH achieves knowledge for domestic manufacturing of over 800,000 power plant parts

TEHRAN – Iran’s Thermal Power Plant Holding (TPPH) has managed to achieve the knowledge for the domestic production of more than 800,000 power plant parts and equipment over the last five years, an official with the company said.

By Mahnaz Abdi

‘IRAN EXPO to be held with aim of changing Iran’s trade direction’

TEHRAN- The head of Iran’s Trade Promotion Organization (TPO) said that the 6th Export Potential Exhibition of the Islamic Republic of Iran (IRAN EXPO 2024) will be held with the aim of changing the direction of the country's trade.

India to expand activities in Iran’s free zones

TEHRAN – The secretary of Iran’s Free Zones High Council has traveled to India to meet and hold talks with Indian officials to develop cooperation between the two countries in free zones, Freena reported.

SATBA calls on private investors to partake in building solar farms

TEHRAN – The head of Iran's Renewable Energy and Energy Efficiency Organization (SATBA) has called on the country’s private investors to participate in the construction of 4,500 megawatts (MW) of solar power plants over seven months.

Raisi explains government’s measures to reform economic structures

TEHRAN- Iranian President Ebrahim Raisi explained the important measures of the government to reform the economic structures in a conference titled “Iran Economy: Reforming the Structures, Resolving the Imbalances, and Playing a New Role in the International Arena” on Monday.

EGFI issues $500m of guarantees for exporters of technical services

TEHRAN – The Export Guarantee Fund of Iran (EGFI) has issued $500 million of guarantees for the exporters of technical and engineering services in the first eight months of the current Iranian calendar year (March 21-November 21), the fund’s managing director said.

Iran's chief banker visits Oman to pursue expansion of banking ties

TEHRAN - The governor of the Central Bank of Iran (CBI) traveled to Oman on Sunday, aiming to develop monetary and banking cooperation between the two countries.

‘Iran to become self-sufficient in agricultural production within 10 years’

TEHRAN – The head of Iran’s Agricultural Research Education and Extension Organization said the country will become self-sufficient in the production of many strategic agricultural products in the next 10 years, IRIB reported.

Qatari delegation visits Iranian products exhibition

TEHRAN- The Qatari delegation, that has traveled to Iran to attend the ninth meeting of the Iran-Qatar Joint Economic Committee, visited an exhibition of Iranian products on Sunday.

Major petrochemical projects to go operational in Mahshahr soon

TEHRAN – The head of Iran’s National Petrochemical Company (NPC) has said two major petrochemical projects are going to go operational in southwestern Mahshahr port, Shana reported.

Iranian, Syrian private sectors ready to establish joint ventures

TEHRAN – In a meeting between Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Hossein Selahvarzi with Chairman of the board of the Federation of Syrian Chambers of Commerce Mohamed Abou el-Hoda el-Lahham, at the place of the ICCIMA in Tehran, the two sides emphasized that the private sectors of the two countries are ready to establish joint ventures to boost trade exchanges.

Iran, Syria ink 6 economic, trade co-op MOUs

TEHRAN- Iran and Syria signed six memorandums of understanding (MOUs) on economic and trade cooperation on Saturday.

Tehran hosting 9th Iran-Qatar Joint Economic Committee meeting

TEHRAN - The 9th meeting of the Iran-Qatar Joint Economic Committee started in Tehran on Saturday aimed at expanding economic cooperation and bolstering the constructive interaction between the two countries’ private sectors.

Iran, Tajikistan discuss ways of expanding economic ties

TEHRAN – In a meeting between Iranian Vice President and Head of the Planning and Budget Organization (PBO) Davoud Manzour and Tajikistan’s Minister of Finance Fayziddin Qahhorzoda on Friday the two sides discussed ways of boosting economic and trade ties between the two countries, IRNA reported.

Agricultural, fishery, foodstuff exports increase 24%

TEHRAN – The value of Iran’s exports of agricultural, fishery and foodstuff products increased by 24 percent in the first eight months of the current Iranian calendar year (March 21-Novemebr 21), as compared to the same period of time in the past year, IRNA reported.

President Raisi inaugurates several projects in Alborz Province

TEHRAN – Following a series of trips to various provinces, Iranian President Ebrahim Raisi visited Alborz Province on Friday for the second time during his tenure to meet with provincial officials and follow up on under-way projects and the issues and problems of the mentioned province.

Iran, Syria to set up joint free zones soon

TEHRAN - The head of the Iran-Syria Joint Economic Committee has announced that the two sides will soon begin establishing joint insurance and banking institutes as well as free trade zones, the portal of Iran’s Transport Ministry reported.

Tehran, Muscat call for using national currencies in mutual trade

TEHRAN - Iran and Oman have signed two memorandums of understanding (MOU) to boost bilateral cooperation and emphasize the importance of using their national currencies in mutual trade instead of the dollar.

Armenia eager for activity in Iran’s Chabahar Port

TEHRAN – Head of Iran’s Ports and Maritime Organization (MPO) Ali-Akbar Safaei has said Armenia is eager to take part in maritime activities in the Islamic Republic’s southeastern Chabahar Port, the TPO portal reported.

Tehran, Baghdad stress expansion of agricultural, veterinary co-op

TEHRAN – Iranian Ambassador to Baghdad Mohammad-Kazem Al-e-Sadegh and Iraq’s Agriculture Minister Abbas Jabr Al-Ali Al-Maliki have stressed the need for signing memorandums of understanding on agricultural and veterinary cooperation between the two countries, IRNA reported.