Press TV

Iran’s steel output hits 3.3 million mt in March: Worldsteel

Iran ramped up its steel output in March to become the world’s seventh largest producer, according to figures released by the World Steel Association (worldsteel).

Mine and Industry

Official report puts Iran’s annual inflation at 33.2%

The Iranian government’s statistics agency has reported a slight increase in the country’s annual inflation rate in April.

Macro Economy

Iran starts issuing debit cards for foreign visitors

Iranian banks have been allowed to issue debit cards for foreigners visiting the country amid efforts to boost tourism.

Iran Economy

Iran’s top car manufacturers report fall in output

Major Iranian car manufacturers have reported falls in output for the calendar year to late March as they discontinued models and launched electrification programs.

Mine and Industry

Iran reports 3.7% economic growth in nine months to late December

Iran’s economy expanded by 3.7% in the three quarters to late December last year compared to the same quarter in 2023, according to figures released by the Central Bank of Iran (CBI).

Macro Economy

Iran’s state shipping company reports record rise in TEU activity

The Islamic Republic of Iran Shipping Line Group (IRISL) has reported a major rise in its handling of the twenty-foot equivalent unit (TEU) containers in the current calendar year compared to the year that ended in late March 2024.

Trade

Iran to keep current subsidized exchange rate in next year’s budget

Iran will keep its current subsidized exchange rate for imports of basic goods in the next calendar year’s budget, according to the country’s chief banker and amid efforts to control food and medicine prices.

Iran Economy

Iran bans exports of some crops amid soaring domestic prices

The Iranian agriculture ministry (MAJ) has banned exports of more crops from the country as part of efforts to control soaring food prices in the domestic market in the days remaining until the holy month of Ramadan and the new Iranian year.

Agriculture and Environment

Iran’s state copper company reports major rise in sales

Iranian state copper company has reported a major increase in its domestic and international sales in the 10th calendar months to January 19.

Mine and Industry

Iran wins seat on UN trucking treaty board despite intrigues

Iran’s representative has won one out of nine seats in the TIR Executive Board (TIRExB), an international body supervising the transport of goods and shipping of cargos across the world.

Transportation