MPs take initial step to impeach industry minister

TEHRAN – Industry and Trade Minister Mohammad Shariatmadari may have to go to the parliament to answer questions by a number of lawmakers complaining about his poor performance. 

‘SMEs should be exempted from paying value added tax for 6-12 months’

TEHRAN- Iranian industry minister said small and medium-sized enterprises (SMEs) should be exempted from paying value added tax for a period of six months to one year, IRNA reported.

2 mining projects worth $60m put into operation in southeastern Iran

TEHRAN- Two iron ore concentrate production units at the total value of 2.66 trillion rials (about $60.5 million) were inaugurated in the presence of the Iranian Industry Minister Mohammad Shariatmadari in Zarand County in southeastern province of Kerman, Shata news agency reported on Saturday.

By M.A. Saki

Is the government really taking steps toward transparency?

In a brave move on June 25 Telecommunications Minister Mohammad Javad Azari Jahromi revealed the names of 40 companies which had received foreign currency to import cellphones but sold them based on the price of foreign currency in the black market, which is nearly twice the official rate.

Major steel producers’ output rises 17% in a quarter on year

TEHRAN- Iran’s major steel producers produced 4.849 million tons of crude steel during the first quarter of current Iranian calendar year (March 21-June 21), with 17-percent growth from the figure of the same period of time in the past year, IRNA reported on Monday based on the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran’s crude steel production grows 22% annually

TEHRAN- Iran’s annual crude steel production increased 22 percent in 2017, while the world’s production improved by six percent in the said time, Iranian Industry Minister Mohammad Shariatmadari announced on Tuesday.

Parliament set to hold meeting on economic issues 

TEHRAN – On Tuesday the Iranian parliament is scheduled to host a closed session on the economic situation attended by Industry and Trade Minister Mohammad Shariatmadari and Planning and Budget Organization chief Mohammad Baqer Nobakht.

Rouhani orders immediate action against car smugglers

TEHRAN – President Hassan Rouhani has set a deadline of 15 days for Industry and Trade Minister Mohammad Shariatmadari to provide him with the names of the people who have illegally imported vehicles into the country.

By Mahnaz Abdi

Lower end price main target in production: industry min.

“Our main target in the field of production is reducing the end price of products in the current year, which is the year of Support for Iranian Products”, Iranian Industry, Mining and Trade Minister Mohammad Shariatmadari announced in a press conference on Saturday.

Iran, Serbia ink trade, aviation & agro co-op MOUs

TEHRAN- During the 15th meeting of Iran-Serbia Joint Economic Committee in Belgrade on Thursday, the two countries signed three memorandums of understanding (MOUs) on trade, aviation, and agricultural cooperation, Shata news agency reported.

‘Kazakh market apt for Iranian goods, services’

TEHRAN- Kazakhstan seems a proper destination for exports of Iranian goods as well as engineering and technical services, Iranian industry, mining and trade minister announced on the sidelines of Astana Economic Forum (2018) in Kazakhstan.

Iran, Iraqi Kurdistan discuss economic ties expansion

TEHRAN- Iran and Iraqi Kurdistan explored ways of expanding mutual economic cooperation during a two-day business forum inaugurated in the capital of Iraqi Kurdistan, Erbil, on Wednesday, IRNA reported.

Direct foreign investments running 88 industrial projects

TEHRAN- Iranian industry, mining and trade minister announced that 88 industrial projects are being implemented in Iran using foreign direct investments, IRNA reported on Wednesday.

Uzbekistan poised to boost commercial ties with Iran

TEHRAN- Uzbek First Deputy Prime Minister Achilbay Ramatov announced his country’s readiness on Monday for boosting commercial ties with Iran, IRNA reported.

Auto industry constitutes 17% of domestic industrial production

TEHRAN- Iranian Industry, Mining and Trade Minister announced on Saturday that auto industry owns a 17-pecern-share of the total production of domestic industry in Iran, IRIB news reported.

Tehran, Baku ink document for economic, scientific, energy co-op

TEHRAN- Iran and Azerbaijan signed a document on mutual cooperation in banking, transportation, economy and commerce, science and technology, culture, energy, and agriculture on Wednesday.

Iran calls for preparing economic co-op roadmap with Iraq

TEHRAN- Iranian Industry, Mining and Trade Minister Mohammad Shariatmadari urged preparation of Iran-Iraq economic cooperation roadmap during his visit to Iraq, Shata news agency reported on Tuesday.

Green development not a “choice” but an “obligation”: industry minister

TEHRAN – The world is increasingly approaching toward low-carbon economy and the move toward green development is not a “choice” but an “obligation,” said Industry, Mining and Trade Minister Mohammad Shariatmadari.