Iran’s rial has gained against major international currencies after a political rapprochement with Saudi Arabia that unlocked diplomatic channels between the two countries after some seven years.
Figures by the Iranian government’s statistics agency (SCI) show the country’s economy grew by 3.3% in the first three quarters of the Iranian calendar year (March 21 – December 21, 2022).
Latest figures by the Food and Agriculture Organization (FAO) of United Nations show that cereal production in Iran rose by more than a fourth in 2022.
Iranian Oil Minister Javad Owji says crude oil exports from the country will further increase in the upcoming months despite the growing pressure of the US sanctions on the Iranian energy sector.
CEO of Russia’s state energy company Gazprom Alexey Miller has arrived in the Iranian capital Tehran to hold high-level talks on joint projects between the two countries.
Iran has announced the discovery of its first lithium ore deposit amid extensive exploration activity in the country’s metals and mining sector.
Iran’s rial starts to recoup part of losses it suffered in recent days amid heavier cenbank intervention.
Iran has moved up one position to ninth in the world’s ranking of largest steel producers in January, according to figures by World Steel Association (worldsteel).
Iran’s agriculture minister says dairy export to China will amount to $2 billion in the next two years.
Iran’s second largest carmaker Saipa has finalized a contract to launch exports to Russia amid efforts by Iranian automotive companies to expand their presence in the Russian car market.