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Financial Tribune

Iranian automakers to work together to produce economy car

SAIPA Corporation has signed a memorandum of understanding for the production of economy cars with the Association of Homogeneous Propulsion Industries and Component Manufacturers on the first day of the 17th International Exhibition of Automotive Parts, Accessories and Assemblies.

Mine and Industry

Iran’s H1 trade with OIC states tops $24 billion

Iran’s trade with member states of the Organization of Islamic Cooperation, excluding oil exports, reached 39.07 million tons worth over $24.75 billion in the first six months of the current fiscal year (March 21-Sept. 22).

Trade

Major Iranian automaker to export 14,000 cars to Iraq, Venezuela

A major Iranian automaker SAIPA Corporation plans to export 14,000 cars (3,000 QUIK and 11,000 Shahin models) to Iraq and Venezuela.

Mine and Industry

Iran’s H1 tax revenues hit $7 billion

The Iranian National Tax Administration earned 2,310 trillion rials ($7 billion) in tax revenues during the first half of the current fiscal year (March 21-Sept. 22), says Davoud Manzour, the head of the administration.

Macro Economy

Russia invites Iran, Azerbaijan to create operator to develop INSTC project

Russia has invited Azerbaijan and Iran to create a logistical operator for the western route of the International North-South Transportation Corridor, Russian First Deputy Prime Minister Andrei Belousov said at the 15th Verona Eurasian Economic Forum on Friday.

Transportation

Iran produces 22.2 million tons of crude steel in nine months

Iranian steel mills produced a total of 22.2 million tons of crude steel during from the beginning of this year to the end of September, registering a 9.8% rise compared with the corresponding period of 2021, the World Steel Association said in its latest report.

Mine and Industry

Iran-China trade tops $12 billion in 9 months

Iran’s trade with its leading trade partner, China, reached $12.31 billion during the first nine months of 2022, registering an 18% rise compared with the corresponding period of the year before.

Trade

Major growth in Iran’s shrimp exports to China

Atotal of 17,325 tons of shrimp were exported from Iran to China during the first seven months of the current fiscal year (March 21-Oct. 22), registering a 360% rise compared with the corresponding period of last year when it reached 4,790 tons, an official with the Agriculture Ministry said.

Agriculture and Environment

Iran, ECO states trade $8.2 billion in six months

Trade between Iran and the Economic Cooperation Organization’s member states exceeded 10.67 million tons worth $8.19 billion during the current fiscal year’s first six months (March 21-Sept. 22).

Trade

Precipitation in Iran declines for third year in a row

Since the beginning of the current water year (Sept. 23), only 3 millimeters of rainfall have been registered across Iran, which shows a 44% decrease compared with the same period of last year, the head of Data and Information Department at Iran Water Resources Management Company said.

Macro Economy

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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