The Islamic Republic of Iran Shipping Line (IRISL) is planning to launch a direct container route to Brazil, according to a businessman with the knowledge of the matter.
Iran’s exports of apple fell by nearly a half in volume terms in the past calendar year, according to a senior official at the country’s agriculture ministry (MAJ).
Iranian automotive companies are expected to hit a record target of 1.6 million vehicles in collective output in the calendar year to late March 2024, according to the country’s industries minister.
Iran’s vehicle production hit an all time record high in the calendar year to late March despite a significant reduction in the production of foreign brands under the complete knock down (CKD) arrangement.
Figures by Iranian Steel Producers Association (ISPA) show domestic demand for steel increased significantly in the 11 months to late February as steelmakers supplied some 87.8% of their products to domestic customers over the period.
The Central Bank of Iran (CBI) in its latest figures has put the country’s foreign debt at $6.497 billion, down by more than a fourth compared to figures announced in late March 2022.
Iran saw its steel production increase by more than a fifth in January and February compared to the same period in 2022, according to figures by World Steel Association (worldsteel).
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has named the Persian New Year the year of "Inflation Control, and Growth in Production."
Iran’s plans to import some quarter of a million metric tons of red meat from Australia and Romania has worried domestic suppliers as they believe imports at such massive levels would irreparably damage husbandry units and famers in the country.
Iran and Iraq have agreed to speed up construction of the Shalamcheh-Basra railway and the restart of the Tehran-Karbala combined train, CEO of Iran’s railway company Miad Salehi says.