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Press TV

Cuba seeks Iran’s help to expand its mines

Cuba is seeking Iran’s help to expand its mining and metals sector as the two countries move to raise their economic cooperation to a new level.

15 May 2022 Mine and Industry

Iran Khodro reports record daily output

Iran’s largest carmaker the IKCO has reported a record daily output figure amid efforts in the company to improve production processes.

14 May 2022 Mine and Industry

Iran raises prices of four essential food items

The Iranian government has approved major price hikes for four essential food items as part of a plan to liberalize prices by removing subsidies given to importers and suppliers and redirecting them to the households.

14 May 2022 Society Economy

Iran’s rial falls on inflation expectations

The Iranian rial has fallen slightly against international currencies amid expectations that a new government plan to overhaul the country’s subsidy system could cause massive price hikes while speculators bet that exchange prices will rise if international talks to revive Iran’s nuclear deal fail to reach a conclusion.

12 May 2022 Financial Markets

Iran grants $1.5 billion to 23.6 million households as new subsidy scheme

The Iranian government has granted around $1.5 billion worth of cash subsidies to more than 23.6 million households in the country as part of efforts to cushion shocks that could be caused by price hikes in consumer goods.

11 May 2022 Macro Economy

Iran to increase supply of gas to Iraq

Iraq has reached new agreements with Iran on the supply of natural gas from the country, according to the spokesman of the country’s Ministry of Electricity.

10 May 2022 Energy

Iran ready to supply Europe with part of energy needs

An Iranian deputy president says the country will be ready to supply part of Europe’s energy needs if governments in the region commit to long-term contracts and avoid seeking third party intervention.

10 May 2022 Energy

Iran to ramp up cooking oil imports to prevent domestic shortages

Iranian agriculture ministry (MAJ) plans to ramp up imports of cooking oil into the country to prevent any shortages that could be caused by the military conflict between Russia and Ukraine.

7 May 2022 Trade

Iran offers fourth COVID shot for health workers, vulnerable groups

The Iranian health ministry has mandated the use of a fourth booster coronavirus (COVID-19) vaccine for the elderly and vulnerable groups as well as for frontline health workers.

3 May 2022 Society Economy

"Iraq’s energy debt to Iran reduced to over $1 billion"

A senior businessman watching over trade between Iran and Iraq says Baghdad has reduced its unpaid energy bill to Tehran to just over $1 billion from more than $5 billion reported in late 2020.

2 May 2022 Energy

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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