Press TV

Iran private sector happy with pace of Iraq’s payment of seized funds

Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al Es’haq says that Baghdad has returned part of the Iranian funds that have been blocked in the Arab country in recent years because of American sanctions on Tehran.

Trade

Iran halts COVID vaccine imports amid domestic output surge

Society Economy

Iran to install 550k rooftop solar units until 2025

The Iranian Energy Ministry aims to install a total of 550,000 rooftop solar units as part of its push to expand the renewable capacity in the country.

Energy

Iran signs protocol for full SCO membership

Iran has reportedly signed a protocol which is considered as the beginning of a formal process for Tehran’s full accession to the Shanghai Cooperation Organization (SCO).

Macro Economy

Minimum wage in Iran rises by 57.4%

Iran has increased minimum wage payable to workers by 57.4% as a government that came to office in August moves ahead with plans to bridge economic gaps for low-paid people in the country.

Society Economy

Iran unveils 1st domestically made all-electric car

An Iranian automotive company has unveiled a first all-electric vehicle (EV) in the country under the commercial name of the Oxygen.

Mine and Industry

Iran lifts ban on meat imports to control domestic prices

The Iranian agriculture ministry (MAJ) has ordered imports of red meat into the country in an attempt to control rising prices in the domestic market.

Agriculture and Environment

Iran’s annual exports to Iraq set to hit record $9 billion

A senior Iranian businessman watching over trade with neighboring Iraq says exports to the Arab country are expected to hit a record target of $9 billion in the calendar year to March 20.

Trade

Iran president calls on domestic automakers to make budget car

Iranian President Ebrahim Raeisi has ordered the launch of at least one home-made budget car model as part of his strategies to reform the domestic car manufacturing sector in Iran.

Mine and Industry

Iran’s non-oil exports expected to hit $55 billion next year

A senior Iranian trade official says the country is expected to meet a non-oil exports revenue target of $55 billion in the calendar year to March 2023.

Trade