Annual transit of goods via Iran rises over 36%

TEHRAN- Transit of commodities through Iran increased by 36.52 percent during the previous Iranian calendar year (ended on March 19), as compared to the preceding year, according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).

Fishery exports exceed 186,000 tons in 11 months

TEHRAN – Iran exported more than 186,000 tons of fishery products worth $337.7 million in the first 11 months of the previous Iranian calendar year (March 21, 2023-Februry 19, 2024), the latest data released by the Islamic Republic of Iran Customs Administration (IRICA) showed.

TEDPIX gains 5,600 points on Wednesday

TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), gained 5,642 points on Wednesday to stand at 2,150,209.

Annual foreign trade exceeds $153b

TEHRAN - The value of Iran’s foreign trade including oil and technical engineering services reached $153.17.8 billion in the last Iranian calendar year 1402 (ended on March 19), the head of the Islamic Republic of Iran Customs Administration (IRICA) said.

Steel production rises 5.8% year on year

TEHRAN- Production of steel in Iran increased by 5.8 percent in the previous Iranian calendar year 1402 (ended on March 19), as compared to the preceding year, according to the Iranian Steel Producers Association (ISPA).

By Mahnaz Abdi

Foreign journalists witness outstanding development in China’s Hainan

HAINAN, China - During a one-week trip to China’s Hainan province, journalists from Asian and Eurasian countries witnessed the prominent development process in the province.

Iran-China trade exceeds $2.8 billion in Jan-Feb

TEHRAN - The China Customs has announced that the trade exchanges between Iran and China stood at more than $2.8 billion from January to February 2024.

Iran, Iraq extend gas export contract by 5 years

TEHRAN - Tehran and Baghdad have agreed to extend the contract on Iran’s gas exports to Iraq for five years, Shana reported.

Average daily gasoline consumption reaches 122m liters

TEHRAN - Average daily gasoline consumption in Iran has reached about 132 million liters in the first 12 days of the current Iranian calendar year (March 20-31), according to the National Iranian Oil Products Distribution Company (NIOPDC).

By Mahnaz Abdi

China's Hainan Province to host Boao Forum for Asia

BEIJING- The Boao Forum for Asia (BFA) 2024 annual conference is scheduled to be held in the resort town of Boao, southern China's Hainan Province, from March 26 to 29.

Iran Expo 2024 to host 3000 foreign traders, businessmen

TEHRAN - Some 3,000 foreign traders and businessmen are expected to participate in the 6th International Export Potential Exhibition of the Islamic Republic of Iran, dubbed Iran Expo 2024, an official with the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said.

Iran’s biggest oil contracts in past decade signed with domestic firms

TEHRAN - Iran’s biggest contracts in the past decade worth over $13 billion were signed on Sunday in the presence of Oil Minister Javad Oji, First Vice President Mohammad Mokhber, and the Head of the National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr.

Iran-India Joint Chamber to hold annual general assembly in mid-April

TEHRAN – The Iran-India Joint Chamber of Commerce is going to hold its annual general assembly in Tehran on April 15, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

TEDPIX falls over 1,500 points on Saturday

TEHRAN - TEDPIX, the main index of the Tehran Stock Exchange (TSE), fell 1,517 points (0.07 percent) to 2,148,518 on Saturday, which is the first day of the Iranian calendar week.

Tehran, Kabul sign MOU on agricultural cooperation

TEHRAN - Officials from Iran and the government of Afghanistan signed a memorandum of understanding (MOU) for cooperation in agricultural sectors.

Annual petrochemical exports to hit 29m tons: NPC head

TEHRAN – The head of Iran’s National Petrochemical Company (NPC) has said the country’s petrochemical exports are expected to reach 29 million tons by the end of the current Iranian calendar year (March 19).

Major Iranian firms to take part in Syria international oil, gas exhibition

TEHRAN - The head of Iran’s Trade Promotion Organization (TPO) said his organization is going to dispatch a delegation comprised of major Iranian firms to Syria to take part in the country’s International Expo for Oil and Gas Industries and Services, which is slated to be held in the Arab country in July.

Tehran, Baghdad negotiating gas swap from Turkmenistan

TEHRAN - The Iraqi Minister of Electricity says Baghdad is negotiating with Tehran to use Iran's wide and nationwide lines to transport Turkmenistan's gas

€13.6b allocated for import of essential goods

TEHRAN - Iran’s Expediency Discernment Council has authorized the government and the state management apparatuses, including the Central Bank of Iran (CBI), to spend 13.6 billion euros at a preferential exchange rate for the import of basic items such as agricultural products, medicine, and its raw materials as well as medical equipment.

Monthly aluminum ingot production up 7%

TEHRAN- Production of the aluminum ingot in Iran rose seven percent in the 10th Iranian calendar month (January 21– February 19) compared to the same period in the past year.

Iran-Turkey Joint Chamber to hold annual general assembly in mid-April

TEHRAN – The Iran-Turkey Joint Chamber of Commerce is going to hold its annual general assembly in Tehran on April 15, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Iranian automakers account for 1.3% of global car output in 2023: ACEA

TEHRAN - The European Automobile Manufacturers’ Association (ACEA), in its latest annual report, said Iranian carmakers accounted for 1.3 percent of the world’s total car production in 2023.

Tehran, Dodoma finalize draft of double taxation avoidance agreement

TEHRAN – Iranian and Tanzanian tax officials have signed the draft of an agreement to eliminate double taxation on income taxes and prevent tax evasion with the presence of the ambassador of the Islamic Republic of Iran in Tanzania, IRNA reported on Tuesday.

IMIDRO invests $32m to develop infrastructure in mining zones

TEHRAN - The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has invested more than 16.285 trillion rials (about $32 million) for the development of infrastructure in the country’s mining zones in the first 11 months of the current Iranian year (ends on March 19).

Iran’s grain production exceeds 21 million tons in 2023: FAO

TEHRAN - The UN Food and Agriculture Organization (FAO) in a report said Iran has produced more than 21 million tons of grain in the 2023 Crop Year and holds the fourth largest grain reserves in Asia.

Sanctions, sabotage acts failed to halt Iran’s oil industry progress: Oji

TEHRAN - Iran’s Oil Minister Javad Oji has said that sanctions and acts of sabotage have failed to stop the country’s progress in the oil industry, with the Islamic Republic now exporting its oil to any destination it wants.

Exports via Iran’s Kermanshah up 23% in 11 months

TEHRAN - Exports from the western Iranian province of Kermanshah increased 23 percent in the first 11 months of the current Iranian calendar year ending on March 19, a provincial official said on Monday.

‘Iran’s GDP can triple in medium term’

TEHRAN – Deputy Head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Mohammadreza Bahraman said Iran has the potential to triple its GDP in the medium term, the ICCIMA portal reported.