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Press TV

Iran’s steel output in July up 34.1% YOY

Iran’s crude steel production in July rose 34.1% from a year earlier to 2 million metric tons (mt), World Steel Association data shows.

Mine and Industry

Iran agrees to supply Nigeria with CNG services

Companies from Iran will supply some $2.5 billion worth of services related to natural gas for vehicles (NGV) business to Nigeria as part of recent agreement between the two countries, an industry source has revealed.

Energy

Iran cuts monthly gasoline quotas to fight smuggling

Iranian Oil Ministry’s fuel department (NIORDC) has slashed monthly gasoline quotas given to motorists in the country as it struggles to prevent fuel smuggling across the borders.

Energy

Iran exports $9 billion worth of petrochemicals in five months

Figures by the Iranian customs office (IRICA) show that sales of petrochemical products reached over $9.14 billion in the five months to late August.

Trade

Iran allows €1bn worth of car imports after four-year ban

The Iranian government has finally authorized a law allowing the imports of finished cars more than four years after the country imposed a ban on such imports to protect local car manufacturers and to cut back on hard currency spending.

Trade

Iran creates nearly 1 million jobs in a year

Iran’s labor ministry says nearly one million jobs have been created in the country in the year to late August despite economic problems facing the country because of foreign sanctions.

Macro Economy

Iran says to sign gas swap deal with Russia in near future

Oil Minister Javad Owji says Iran will "very soon" sign a major deal with Russia to import gas from the country for domestic consumption and deliver the same amount to customers at other parts of the Iranian borders.

Energy

Iran, Russia sign major deals on automative cooperation

Iranian automotive companies and their counterparts in Russia have signed some $700 million worth of deals to expand their cooperation at a time the two countries are shoring up their defenses against Western sanctions.

Mine and Industry

Iranian oilfield shared with Saudi Arabia to come on stream in three years

Iran says it will start pumping oil from a key oilfield that straddles the maritime border with Saudi Arabia in the Persian Gulf within the next three years.

Energy

Iran raises pensions for retired workers by over 38%

The Iranian government has approved a raise in monthly pensions paid to millions of retired workers in the country.

Society 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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