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Press TV

Iran to lay 1,200 km of new rail track in 15 months

Iran is pushing to boost infrastructure spending with a plan to launch 1,200 kilometers of new railway lines, according to the country’s transportation minister.

Transportation

Iran to build 12 more reservoir dams until Aug 2021

The number of large dams in Iran would reach a total of 156 by August 2021, says the country’s energy minister as the government pushes ahead with plans to build 12 more reservoirs across the country.

Agriculture and Environment

Iran annual non-oil export risk coverage tops $2 billion

The Export Guarantee Fund of Iran (EGFI) says it has provided more than $2.3 billion worth of insurance to export shipments from Iran over the past calendar year ending late March.

Trade

Coronavirus to cut Iran petchem revenues by 30%: Report

The Iranian Parliament’s Research Center (IPRC) said in its Saturday report that petchem revenues would fall by at least 30 percent in the current calendar year which started in late March compared to the year before.

Energy

Iran’s non-oil exports hit $60bn despite US sanctions

Iran has pocketed around $60 billion from exports of products, services and energy since the United States imposed its sanctions on the country’s sale of crude two years ago.

Trade

Iran Khodro discontinues production for Peugeot 405 after 25 years

Iran’s largest carmaker, the Iran Khodro Company (IKCO), says production for Peugeot 405 has ended after 25 years and no new orders will be submitted for the once popular French model.

Mine and Industry

Iran sets up factory to make 2 million masks a day

Iran is launching the largest face mask plant in West Asia as authorities aim to exponentially increase production capacity for the protective gear in the time of a new coronavirus pandemic that has affected thousands of people in the country.

Mine and Industry

Iranian firm to produce eight million serological test kits per month

An Iranian biomedicine company has started mass production of serological test kits in the time of the new coronavirus pandemic.

Society Economy

Iran plans cash handouts to 23 million households

The Iranian government plans a one-off cash handout of 10 million rials (nearly $240 at official currency rate) to more than 23 million households in the country as part of efforts to help people cope with the economic impacts of the new coronavirus pandemic.

Society Economy

Iran dominates Mideast’s renewable power capacity: Agency

Iran dominated the Middle East’s renewable production capacity which rose 13 percent to 22,710 megawatts (MW) last year, the International Renewable Energy Agency (IRENA) says.

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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