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.
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.
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.
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.
The Iranian agriculture ministry (MAJ) says farming mechanization rate for wheat and barley has more than quadrupled in the country in 10 years.
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.
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.
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.
Latest figures by the Iranian customs office (IRICA) show that non-oil exports from the country rose significantly in the 10 months to December compared with the same period last year.
Iran aims to meet a target of $6-7 billion in steel exports in the year to March as the country ramps up domestic production amid a tight international market where demand for Iranian steel has kept rising.