Press TV

Iran’s rial gains after historic deal with Saudi Arabia

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.

Financial Markets

Iran’s economic growth at 3.3% in Q1-3: Official report

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).

Macro Economy

FAO says Iran’s cereal output rose 26% in 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.

Agriculture and Environment

Iran set to increase oil exports despite sanctions: Minister

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.

Energy

Russia’s Gazprom chief in Tehran for energy talks

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.

Energy

Iran discovers first lithium reserve

Iran has announced the discovery of its first lithium ore deposit amid extensive exploration activity in the country’s metals and mining sector.

Mine and Industry

Iran’s rial rebounds from historic low

Iran’s rial starts to recoup part of losses it suffered in recent days amid heavier cenbank intervention.

Financial Markets

Iran moves upward to ninth biggest world steel producer in January

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).

Mine and Industry

Iran eyes $2bn worth of dairy exports to China by 2025

Iran’s agriculture minister says dairy export to China will amount to $2 billion in the next two years.

Trade

Major Iranian carmaker signs deal for exports to Russia

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.

Mine and Industry