Iran’s exports of hand-woven carpets have picked up again after years of slump as authorities say that an easing of exports restrictions is helping the country regain its dominant position in the international markets.
Iran has reported a further drop in its annual inflation rate amid better government controls on basic good supplies and tighter monetary rules.
Iran has managed to increase its agricultural output by nearly a fifth in a year amid growing efforts to cut back on imports of basic goods and to increase the added value in the country’s agriculture sector, according to Minister of Agricultural Jihad.
Iran’s industry minister Abbas Aliabadi says car output in the country will reach 1.7 million units in the current calendar year which ends on March 20, 2025.
Iran has reported a major a rise in exports to neighboring Iraq in the first quarter of the calendar year.
Iran has rejected a report that says the country had been barred from accessing its $6 billion funds recently unfrozen and transferred to Qatari banks.
Iran’s annual steel production capacity is expected to hit a target of 55 million metric tons (mt) by 2025, according to a senior member of the Iranian Steel Producers Association (ISPA).
Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show Iranian oil prices rose by an average of $6.1 per barrel in August.
Iran’s exports of oil to China hit an all-time record in August despite continued US pressure on the country, according to a report published in the local media citing data from a major international energy data company.
Iran’s exports of steel rose significantly in the four months to late July this year with China being responsible for more than a third of purchases, according to figures by state-run metals and mining company IMIDRO.