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IRNA

Iran’s steel output at 30.6 million mt in 2022: Worldsteel

Iran produced as much as 30.6 million metric tons (mt) of steel in 2022 to remain the world’s 10th largest steel producer, according to a recent update by the World Steel Association (worldsteel).

Mine and Industry

Iran’s trade with neighbors rises 14.5% YOY in year to March

Official figures published by the Iranian finance ministry show that trade exchanges between the Islamic Republic and its neighboring countries rose by 14.5% in value terms in the last Iranian calendar year 1401 (March 21, 2022-March 20, 2023) compared to the year before.

Trade

Iran’s tax revenues up 45% YOY in March-May

Iran’s National Tax Administration (INTA) collected as much as 880 trillion rials ($1.762 billion) of taxes in the first two months of the current Iranian calendar year (March 21 – May 21), according to INTA chief Mohammad Hadi Sobhanian.

Macro Economy

Jazeera Airways launches direct flights between Kuwait, Iran’s Shiraz

The Kuwaiti-based budget airline Jazeera Airways has launched regular flights between Kuwait City and the Iranian city of Shiraz.

Transportation

Iran’s oil output in March hits 2.750 million bpd: IEA

The International Energy Agency (IEA) in its latest report announced that Iran’s crude production volume reached 2.75 million barrels per day (bpd) in the fourth month of 2023.

Energy

Iran, Turkmenistan to sign major gas supply deal soon: Minister

Iran and Turkmenistan are scheduled to sign a major natural gas supply deal soon under which Turkmenistan will pump 10 million cubic meters per day (mcm/d) of gas to its southern neighbor, Iran’s oil minister has said.

Energy

’South Africa invites Iran FM to BRICS Summit 2023’

South Africa has invited the Iranian Foreign Minister Hossein Amirabdollahian to attend an upcoming BRICS Summit in the country, according to Iran’s deputy foreign minister for economic diplomacy.

Iran Economy

Iran, Oman ink four major cooperation agreements

Iran and Oman have signed four documents of cooperation during the visit of sultan of Oman to Iran.

Iran Economy

Iran expects domestic wheat purchases to reach 8 million mt this year

Iranian government expects it will buy as much as 8 million metric tons (mt) of wheat from domestic farmers in the current harvesting season ending late July, according to the head of the country’s Plan and Budget Organization.

Agriculture and Environment

Iran urges ACU member states to trade in local currencies

Governor of the Central Bank of Iran (CBI) has underlined the need for the member states of the Asian Clearing Union (ACU) to trade in their national currencies and other not commonly used currencies.

Financial Markets

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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