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Tasnim News

Transit of goods via Iran up 13% in 6 months: Official

The director general of the Iranian Ministry of Roads and Urban Development for commercialization affairs announced a 13 percent growth in transit of goods via the country’s land and territory in the first half of the current Iranian calendar year (started March 21, 2023).

Trade

Iran’s petrochemical output to reach 78 million tons by yearend: Official

The chief executive of the National Petrochemical Company (NPC) said the production of petrochemicals in the country will reach about 78 million tons by the end of the current Iranian calendar year (March 20, 2024).

Energy

1,000 electric cars to join Iran transport fleet next month

Iran plans to design and manufacture localized electric vehicles by 2025 in cooperation with knowledge-based companies and domestic auto manufacturing firms, the deputy minister of industry, mine and trade for the general industries said.

Mine and Industry

Iran-Azerbaijan railway exchanges grow by 44%

The director general of Iran’s North Railway Administration-2 revealed the country’s significant 44 percent increase in the exchange of goods with the Republic of Azerbaijan via rail in the first half of the current Iranian calendar year.

Trade

Iran considers transition from SWIFT to ’BRICS PAY’

Following its recent membership in the BRICS group of emerging economies, Iran is exploring the possibility of adopting the group’s electronic banking communication system, “BRICS PAY,” as an alternative to the SWIFT system, the speaker of the Parliament said.

Financial Markets

Road transit via Iran grows 18% YOY

Road transit from Iranian territory increased 18 percent in the first half of the current Iranian calendar year (March 21 to September 22) compared to the same period last year.

Transportation

"Solyanka Port, Iran’s strategic base in INSTC"

The Solyanka Port is Iran’s strategic base in the International North-South Transport Corridor (INSTC), the Iranian director of Solyanka Port said, adding that the port is a safe and reliable route for the supply of basic goods and commodities between Iran and Russia.

Transportation

Iran, Iraq urged to set up preferential trade agreement

The secretary general of the Iran-Iraq Joint Chamber of Commerce stressed the need to launch a Preferential Trade Agreement (PTA) between the two countries in line with boosting trade and economic activities.

Trade

Iran, Russia finalizing contract for constructing strategic railway

After officials from Iran and Russia inked a memorandum of understanding (MoU) for the construction operation of the Rasht-Astara Railway, a trade contract for the project is on the verge of finalization, an official said.

Transportation

Iran’s oil revenues up 43% in 2022

Iran’s total revenues obtained from oil and gas exports in the previous Iranian calendar year to late March exceeded $55 billion, up 43% compared to figures reported a year earlier, the country’s oil minister says.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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