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Press TV

Minister says Iran’s annual grains output grew by 13.5%

Iran’s agriculture minister Javad Sadatinejad says the country’s grains output rose by 13.5% in the year to late August.

Agriculture and Environment

Iranian automaker sends 1st shipment of cars to Venezuela

Iran’s second largest carmaker Saipa has officially entered the car market in Venezuela with the export of a first shipment of sedan cars.

Mine and Industry

Iran opens first section of railway link to Chabahar port

Iran has launched a first section of a key rail link to Chabahar, its only ocean port on the Sea of Oman.

Transportation

Iran raises renewable power purchase prices by up to 60%

Iran has increased its prices for purchasing renewable power from small electricity generators by up to 60% as part of efforts to encourage the development of renewable energy supplies.

Energy

Iranian automaker to export 3,500 cars to Azerbaijan Republic annually

Iran’s largest carmaker the IKCO says car exports to Azerbaijan Republic are expected to hit a new record of 3,500 units in the next 12 months.

Mine and Industry

Iran to start development works on oilfield shared with Iraq in days

The National Iranian Oil Company (NIOC) says development works on a key oilfield shared with Iraq will start within days as Iran moves ahead with plans to expand its massive petroleum industry despite sanctions imposed by the United States.

Energy

Iran provides landlocked Kazakhstan with access to high seas

Iran and Kazakhstan will start transporting cargo on a transit corridor that passes through Iran’s seaport of Bandar Abbas in January, according to an official in the Iranian Ports and Maritime Organization (PMO).

Transportation

Iran’s central bank says foreign funds could be unfrozen soon

Central Bank of Iran (CBI) Governor Ali Salehabadi has signaled that billions of dollars in Iranian funds blocked in other countries because of US sanctions could be unfrozen in the near future.

Iran Economy

Iran renews swap deal with Armenia to double gas supply

Iran will double its natural gas supply to Armenia under an extended gas-for-electricity swap deal that will run until early 2031.

Energy

Iran, Russia sign four economic cooperation documents

Iran and Russia have signed four new cooperation agreements as part of efforts to deepen energy and economic ties between the two countries.

Macro Economy

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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