The Iranian Tobacco Company (ITC) has extensive plans to boost output for cigarettes, shows a report, as demand for local brands surge amid lower imports and tighter controls on smuggling.
The National Iranian South Oil Company and Iran Central Oil Fields Company both subsidiaries of the National Iranian Oil Company signed contracts with 14 domestic oil and gas companies on Monday to develop eight oilfields.
The Central Bank of Iran (CBI) is preparing to lodge an official complaint against South Korea, says a report, as Seoul refuses to return Iranian funds blocked in the country allegedly to comply with US sanctions on Tehran.
A permanent shipping line will be launched in the Caspian Sea with the aim of boosting marine trade between Iran and Russia, according to a member of the Iran-Russia Joint Chamber of Commerce.
The pilot project of the Iran-Afghanistan-Uzbekistan transit corridor has become operational under the TIR system with two trucks starting transporting goods from Iran to Afghanistan and finally to Uzbekistan.
Iranian tire manufacturers have produced 10.5 million tires in the first three months of the current Iranian year registering a 27 percent increase compared to the similar period last year, a report shows.
Iran’s car production has increased by nearly 53 percent year on year in the Persian calendar month ending late July, says a senior official of Iran’s ministry of industries (MIMT).
Shalamcheh crossing at the border between Iran and Iraq has been reopened for trade after it was temporarily closed by the authorities on the Iraqi side from Eid al-Adha to Eid al-Ghadir.
Imports of rice will be banned in Iran from August 22 based on a seasonal plan in support of domestic production.The ban usually lasts until November.
Iran’s caretaker minister of industries says a total of 200 new manufacturing projects worth 170 trillion rials (nearly $7.4 billion) will be fully launched by the end of the current Iranian calendar year creating more than 41,000 new jobs.