IRNA

IMF ranking confirms improvement of Iran’s jobless rate

A latest ranking published by the International Monetary Fund (IMF) has confirmed Iran’s reports of improvement in its jobless rate.

Iran Economy

Iran exports construction services to regional countries

Head of Iran’s Trade Promotion Organization (TPO) Mehdi Zeighami has said that the Iranian techno-engineering and construction services have gained a foothold in regional markets.

Mine and Industry

Iran Parliament to discuss qualifications of proposed cabinet as of Saturday

Iranian Parliament, known as Majlis, is scheduled to begin reviewing the qualifications of President Masoud Pezeshkian’s picks for cabinet ministries on Saturday.

Iran Economy

Afghanistan says welcomes Iranian investors in development projects

Afghanistan has welcomed an Iranian offer for making investments in that country.

Macro Economy

Iran’s trade with Africa reaches $1.3 billion

The president of the Iran-Africa Joint Chamber of Commerce has called for strategic planning to enhance Iran’s trade relations with the continent, which currently stands at approximately $1.3 billion.

Trade

Iran’s electricity consumption up 9% amid scorching heat

Iran’s Minister of Energy Ali-Akbar Mehrabian has said that unprecedented heat has caused a 9% rise in the country’s electricity consumption as summer heat has reached record levels.

Society Economy

Iran’s H1 steel output up 5.9% YOY to 16.6 million mt

The latest monthly report by the World Steel Association (WSA) indicates that Iran has produced as much as 16.6 million metric tons (mts) of unprocessed steel in the first half of 2024, an increase of 5.9% year-on-year.

Mine and Industry

Russia’s VTB to take part in Iran’s Finex 2024: Official

Russia’s VTB Bank will participate in the 14th International Exhibition of Exchange, Bank & Insurance (Iran Finex 2024), according to the secretary of the policy-making council of the exhibition.

Financial Markets

FM official highlights Iranian government railway agreements

Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has said that Iran has reached good railway agreements with Central Asian countries during the current administration.

Transportation

Major step taken for developing eastern part of INSTC corridor

The Ministry of Transport of Kazakhstan announced that Iran, Russia, Kazakhstan and Turkmenistan signed the development roadmap of the eastern route of the International North-South Transport Corridor (INSTC) for 2024-2025.

Transportation