IRNA

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

Russia ready to invest in Iran’s Amirabad Port: Official

A group of economic activists from Russia visited Amirabad Port, Mazandaran province, on Saturday to invest in the production of oil derivatives.

Transportation

Iran’s jobless rate declines 0.5% YOY to 7.7%: Official report

The latest figures by the Statistical Center of Iran (SCI) puts the country’s jobless rate at 7.7% in three calendar months months to late June.

Macro Economy

Iran, Russia sign monetary contract

Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin has said that a monetary contract has been signed between Tehran and Moscow for carrying out bilateral trade exchanges.

Financial Markets

Iran becomes 4th largest oil exporter in OPEC: Report

Iran has risen to become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales.

Energy

Turkey importing Iranian oil after four years

A report by the statistical office of the European Union (Eurostat) suggests that Turkey has imported oil from Iran for the first time in four years.

Energy

Iran’s domestic wheat purchase at over 5.6 million tons since April

Iran has purchased some 5.6 million tons of wheat worth over $1.647 billion from domestic producers since April in carrying out a national plan which guarantees the purchase of domestic production of the crop, according to a senior official with the Ministry of Agricultural Jihad (MAJ).

Agriculture and Environment