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Financial Tribune

Significant growth in Iran’s steel production in five months

Iranian steelmakers registered solid growth in production in the first five months of the current fiscal year (March 21-Aug. 22) compared with last year’s corresponding period.

Mine and Industry

Iranian experts concerned by central bank’s Crypto-Rial agenda

While the Central Bank of Iran plans to pilot its long-awaited central bank digital currency (CBDC) project, the Crypto-Rial, by November, experts has expressed strong reservations about the practicality of the move and its anticipated positive impact on the economy.

Financial Markets

Iran’s H1 pistachio exports to EU top €78 million

A total of €78.6 million worth of pistachio were exported from Iran to the European Union member states during the first half of 2022.

Trade

Iranian trade center, exclusive exhibition opens in Moscow

An Iranian Trade Center has been inaugurated in Moscow in a ceremony participated by Iranian and Russian officials and businesspeople.

Trade

Iran’s seven-month trade with China at $9.6 billion

Iran’s transactions with its leading trade partner, China, stood at $9.66 billion in the first seven months of 2022, registering a 22.4% rise compared with the corresponding period of the year before.

Trade

Global oil prices slide to seven-month low

Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine, as Covid-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand.

Energy

Iran annual gas supply hits 265 bcm

The National Iranian Gas Company supplied close to 265 billion cubic meters of natural gas to households, industries, commercial units and power stations between July 2021 and June 2022, the managing director of Iranian Gas Transmission Company said.

Energy

Tehran hosts exhibition of machine-made carpets

Tehran is hosting the 14th International Floor Covering, Moquette, Machine-Made Carpet and Related Industries Exhibition.

Mine and Industry

Iran registers over $8 billion of foreign trade in month to August 22

Iran traded 11.32 million tons of goods worth $8.11 billion (excluding crude oil exports) during the fifth month of the current Iranian year (July 23-Aug. 22), according to the spokesperson of the Islamic Republic of Iran Customs Administration.

Trade

Iran registers dramatic decline in red COVID cities

The Health Ministry’s weekly report showed a sharp drop in the number of cities color-coded as red, or extremely high-risk Covid zones, from last week’s 64 to only eight as the seventh wave of the pandemic subsided across the country.

Society 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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