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Press TV

Iran nearly cuts iron ore exports amid rising domestic demand

Iran has cut its iron ore exports to almost zero in nearly a decade amid a major expansion in domestic steel manufacturing that has led to an increase in demand for ore.

Mine and Industry

Iran’s jobless rate down 0.7% y/y in December quarter

Iran’s unemployment rate declined 0.7% in the quarter to late December last year compared to same quarter in 2021, according to figures by the Statistical Center of Iran (SCI).

Society Economy

US renews waiver for Iran’s gas field shared with UK

The US government has renewed a sanctions waiver for the Rhum gas field in the UK North Sea in which Iran has a 50% stake.

Energy

Iran, Russia mulling launch of joint cryptocurrency: Report

Iran and Russia are exploring the development of a joint stablecoin that would be backed by gold, two Russian officials have been quoted as saying.

Financial Markets

Iran’s top carmaker unveils new version of its EF engine

Iran’s largest carmaker the Iran Khodro Company (IKCO) has unveiled a new version of its flagship EF engine as it moves ahead with plans to diversify its models and improve emissions standards of its powertrains.

Mine and Industry

Iran, Pakistan ink MoU to facilitate bilateral trade

Iran and Pakistan have signed a memorandum of understanding (MoU) to boost bilateral efforts that could lead to a quick expansion of trade ties between the two neighboring countries.

Trade

Iran raises mechanization rate for wheat, barley farming to 85%

The Iranian agriculture ministry (MAJ) says farming mechanization rate for wheat and barley has more than quadrupled in the country in 10 years.

Agriculture and Environment

German exports to Iran at $1.6 billion in 2022

Germany’s exports to Iran rose significantly last year compared to 2021 despite restrictions imposed on Iran’s trade ties with the rest of the world because of US sanctions and in spite of Berlin’s growing anti-Iran rhetoric.

Trade

Report predicts Iran to earn $27 billion of oil revenues in 2023

Iran’s oil revenues are estimated to reach over $27 billion in 2023, according to a parliament report which expects a tight global supply of oil and continued sanctions on Iran will limit the country’s ability to pump more crude compared to last year.

Energy

Iranian manufacturers churn out over 300,000 motorbikes in 9 months

Iran has reported a major increase in its motorbike production in the nine months to late December as local manufacturers seek to ramp up exports to neighboring countries where cheap Chinese products dominate the markets.

Mine and Industry

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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