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IRNA

Iran’s steel output hits 25 million tons in 10 months

Iran’s crude steel production reached over 25 million tons in the first 10 months of 2024, marking a 0.6% increase compared to the same period last year, according to the latest report by the World Steel Association (WSA).

Mine and Industry

Iran approves over $5 billion in foreign investment in key sectors

Iran’s Foreign Investment Board approved more than $5 billion in foreign investments during its 286th meeting and the fourth session under the new administration, according to a statement from the Ministry of Economy on Wednesday.

Iran Economy

Iran reports $3 billion in horticultural exports to over 100 countries

Iran’s Deputy Minister of Agriculture, Mohammad Mehdi Boroumandi, announced that horticultural products account for nearly half of the country’s agricultural export revenue, generating approximately $3 billion annually from exports to over 100 countries.

Agriculture and Environment

Iranian embassies urged to facilitate exports

Iran’s Foreign Minister Abbas Araghchi has said the ministry urged all Iranian embassies to facilitate exports of Iranian products.

Trade

Iran, Qatar pursue plans for world’s longest undersea tunnel

Iran’s First Vice President Mohammad Reza Aref has announced Tehran and Doha’s mutual pursuit of constructing the world’s longest undersea tunnel to connect Iran and Qatar, marking a significant leap in bilateral infrastructure collaboration.

Iran Economy

CBI chief says Trump’s election not to impact Iran’s economy

Governor of the Central Bank of Iran (CBI), Mohammad-Reza Farzin says Donald Trump’s victory as the next US president has nothing to do with Iran’s economy or its financial growth.

Iran Economy

Iran’s seven-month foreign trade hits $100 billion

Mohammad Rezvanifar, the head of Iran’s customs administration (IRICA), announced that Iran’s foreign trade has reached nearly $100 billion in the first seven months of the Iranian calendar year (March 20 – October 21, 2024).

Trade

IMF forecasts economic growth, inflation reduction for Iran

The International Monetary Fund (IMF) has reassessed Iran’s economic outlook, improving its forecasts for both inflation and economic growth compared to previous reports.

Macro Economy

Iran’s seven-month agricultural exports surge 28%

The value of Iran’s agricultural exports rose by 28% in the first seven months of the current calendar year (March 20 – October 21), reaching $2.2 billion, according to the Islamic Republic of Iran Customs Administration.

Agriculture and Environment

Iran’s imports of basic goods at $7.3bn in H1 calendar year

Iran imported 11.9 million metric tons of essential goods, valued at $7.3 billion, during the first six months of the Iranian calendar year.

Trade

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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