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Financial Tribune

Iran’s steel output up 12.7% in 11 months: Worldsteel

Iranian steel mills produced a total of 26.36 million tons of crude steel during the first 11 months of 2020, which indicate a 12.76% rise compared with the corresponding period of 2019, the latest report released by the World Steel Association shows.

Mine and Industry

Iran’s non-oil trade at $52 billion in 9 months

Iran’s non-oil foreign trade stood at 110 million tons worth $52 billion during the nine months ending Dec. 20.

Trade

Iran gov’t extends night curfew hours on Yalda festivities

President Hassan Rouhani announced nightly curfew hours for Saturday and Sunday ahead of Yalda celebrations, as his administration ramped up efforts to prevent a fourth coronavirus resurgence.

Society Economy

Iran’s non-oil exports to neighbors top $13 billion in 8 months

Iran exported $13.37 billion worth of non-oil goods to its 15 neighboring countries during the first eight months of the current Iranian year (March 20-Nov. 20), more than $8.57 billion of which went to Arab states, according to the director general for Arab and African affairs with the Trade Promotion Organization of Iran.

Trade

Iran to increase cosmetics import duties in 2021

The government has envisioned a 15% rise in customs duties on the import of cosmetics as per the budget bill for the next fiscal year (March 2021-22).

Trade

Qeshm island plans to launch direct flights to Istanbul, Kabul

Qeshm Free Zone Organization plans to launch direct return flights Qeshm Island, located in southern Iran, to Istanbul, Turkey, and Kabul and Herat in Afghanistan.

Transportation

Iran tourism arrival down 72% in 8 months

Iran’s tourist arrivals saw a decline of 72% in the first eight months of 2020, according to the latest data of World Tourism Organization.

Society Economy

Iran gov’t buys over 8m tons of wheat from local farmers

Iran’s government has bought 8.22 million tons of wheat worth 207.8 trillion rials ($755 million) from local farmers across the country in the current fiscal year (started March 20).

Agriculture and Environment

Iran’s NICICO copper output tops 700K tons in 7 months

The National Iranian Copper Industries Company and its subsidiaries produced an aggregate of 706,816 tons of copper concentrate during the first seven months of the current Iranian year

Mine and Industry

Iran’s 2020 Q2 underemployment at 9.3%

Underemployment, the condition in which people in a labor force are employed for less than 44 hours of service per week, stood at 9.3% in the second quarter of the current fiscal year (June 21-Sept. 21).

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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