Press TV

Iran’s manufacturing sector grows 5.1% YOY in March-August

Figures by the Iranian industries ministry (MIMT) show the country’s manufacturing sector expanded by 5.1% in the five calendar months to August 22 compared with the same period last year.

Macro Economy

Iran’s oil output grows by 17.4% in 2021 despite sanctions

Figures by global oil and gas supermajor BP (British Petroleum) show that Iran managed to increase its oil production by a significant amount last year despite US sanctions targeting the country’s crude oil exports.

Energy

Mining responsible for 27% of Iran’s non-oil exports

The Iranian customs office (IRICA) says mining exports was so lucrative over the calendar year to late March that it beat government expectations and became a major source of earning hard currency for the country.

Mine and Industry

Iran’s IKCO unveils first all-electric car

Iran’s largest car manufacturer the IKCO has unveiled its first all-electric car for a commercial launch in March 2023.

Mine and Industry

Iran, China trade $11 billion worth of goods in eight months

Bilateral trade between Iran and China reached over $11 billion in the eight months to August, according to figures by China’s General Administration of Customs (GAC) reported in the Iranian media.

Trade

Russia, China presidents welcome Iran’s full SCO membership

Russia and China have welcomed Iran’s imminent full membership in the Shanghai Cooperation Organization (SCO).

Macro Economy

Uzbekistan aims for triple increase in trade via Iran route

Uzbekistan hopes it could significantly increase its trade with India and other countries through a key corridor that passes through Iran.

Transportation

Venezuela offers land to Iran’s overseas farming

Venezuelan Agriculture Minister Wilmar Castro Soteldo says Caracas has offered at least five million hectares of land following agricultural investment agreements with producers from Iran and other countries.

Agriculture and Environment

Iran reports record shipments on North-South Corridor

The Islamic Republic of Iran Shipping Line Group (IRISL) has reported a record high in its freight services between Russia and India through a newly launched corridor.

Trade

Iran’s Q1 economic growth at 3.8%

Figures by the Statistical Center of Iran (SCI) show the country’s economy grew by 3.8% in the first quarter of the calendar year that started late March.

Macro Economy