Economy

Iran to back investments in Africa, boost exports with multibillion-dollar guarantees

TEHRAN – Iran will support investments by Iranian firms in Africa and efforts to expand exports to the continent, with export credit guarantees and development financing expected to underpin trade growth, the head of the Iran–Africa Joint Chamber of Commerce stated.
ICCIMA urges Austria to ease business visas, seeks cooperation in renewables

TEHRAN – The head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has urged Austria to facilitate the issuance of business visas for Iranian traders, saying easier travel would help revive bilateral economic ties weakened by sanctions.
Govt. injects $300m into rail sector as private investment brings new locomotives, wagons

TEHRAN – Iranian government has allocated 150 trillion rials ($300 million) to the private sector to strengthen its rail fleet, paving the way for new locomotives and passenger wagons to enter service as part of the country’s Seventh National Development Plan, the head of the national railway company said.

There are 10.2 million honey bee colonies in 86,088 apiaries in Iran

TEHRAN- The deputy for livestock production affairs of the Ministry of Agriculture announced the completion of the apiary census in the country for the current Iranian calendar year 1404 (started on March 21) and stated that the census of 86,000 apiaries across 448 counties was completed this year.
Iran to back investments in Africa, boost exports with multibillion-dollar guarantees

TEHRAN – Iran will support investments by Iranian firms in Africa and efforts to expand exports to the continent, with export credit guarantees and development financing expected to underpin trade growth, the head of the Iran–Africa Joint Chamber of Commerce stated.
Govt. injects $300m into rail sector as private investment brings new locomotives, wagons

TEHRAN – Iranian government has allocated 150 trillion rials ($300 million) to the private sector to strengthen its rail fleet, paving the way for new locomotives and passenger wagons to enter service as part of the country’s Seventh National Development Plan, the head of the national railway company said.
Refinery upgrades accelerated to boost fuel quality

TEHRAN – Iran has stepped up the implementation of refinery upgrading projects aimed at improving the quality of petroleum products under the country’s Seventh National Development Plan, with resources and management now focused on three national priority projects, the head of the National Iranian Oil Refining and Distribution Company (NIORDC) said.
ICCIMA urges Austria to ease business visas, seeks cooperation in renewables

TEHRAN – The head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has urged Austria to facilitate the issuance of business visas for Iranian traders, saying easier travel would help revive bilateral economic ties weakened by sanctions.
Vehicle crash, safety test center inaugurated in Tehran province

TEHRAN- A Vehicle Crash and Safety Test Center was inaugurated on Tuesday morning with the presence of Mohammad-Reza Aref, the first vice president, and the commanders of the Traffic Police, as well as a group of specialists in this field.
TEDPIX gains 32,000 points on Tuesday

TEHRAN- TEDPIX, the main index of the Tehran Securities Exchange (TSE), rose 32,334 points to 3.76 million on Tuesday, which is the fourth day of the Iranian calendar week.
Iran’s tea export increases 48%

TEHRAN- The head of the Iranian Tea Organization said this (Iranian calendar) year (began on March 21), the country's tea exports have increased by 48 percent compared to the same period last year, and close to 9.8 million kilograms of tea were exported to foreign markets.
Iran-Uzbekistan agricultural trade to be facilitated

TEHRAN- During a meeting between the heads of the Plant Protection Organizations of Iran and Uzbekistan, emphasis was placed on developing bilateral cooperation in the fields of plant quarantine, pest control, and facilitating the safe trade of agricultural products.
Alumina powder output exceeds 155,000 tons in 8 months

TEHRAN - Production of alumina powder in Iran reached 155,410 tons in the first eight months of the current Iranian calendar year (March 21-November 21), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).