Niaraki: Domestic production of industrial equipment saves Iran over $3.5b in a year
Relying on domestic production has saved Iran $3.5 billion during the previous Iranian calendar year (ended on March 20), Iran's Deputy Industry, Mining, and Trade Minister Mehdi Sadeqi Niaraki announced.
five year economic cooperation document with Iraq
Iran's Minister of cooperatives, labor and social affairs Mohammad Shariatmadari who is on an official visit to Iraq signed a five-year economic cooperation agreement with Iraq on Sunday.
IOIV inks four deals to support domestic companies
Iranian Oil Industry Ventures (IOIV), a newly established semi-governmental entity that is helping startups active in oil industry, has signed four deals with domestic companies in order to support their activities in the current Iranian calendar year (started on March 21).
Adopting plan for cooperation Iran-Iraq
Adopting plan for economic cooperation and joint venture investment has been considered as one of the most important elements to serve Iran-Iraq economies to flourish.
Chinese Expected to Invest $80b in Iran’s Mining Sector
Head of Mines and Mining Industry Commission of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) says the Chinese are interested to have $400b investment in different sectors in Iran and it is expected $80b to be invested in the mining sector.
Removal of JCPOA-related sanctions not enough
A source close to the Vienna talks says a possible US removal of JCPOA-related sanctions is not enough, and that all sanctions, including those re-labeled under the former US administration, will have to be terminated.
Efficiency of Iran’s thermal power plants reaches new record high
The efficiency of Iran’s thermal power plants has reached a new record high of 39 percent for the first time in the history of Iran’s electricity industry, IRIB reported on Sunday quoting the managing director of the country’s Thermal Power Plants Holding Company (TPPH).
450 idle industrial units revived in Gilan in a year
As announced by the governor general of Gilan province, in the north of Iran, 450 idle industrial units were revived in the province in the past Iranian calendar year (ended on March 20).
Annual plan for tax income realized by 107%
Iran managed to collect 1.92 quadrillion rials (about $45.7 billion) of tax revenues during the past Iranian calendar year of 1399 (ended on March 20), showing that the country’s annual tax income plan has come true by 107 percent, according to Finance and Economic Affairs Minister Farhad Dejpasand.
Possible inflationary trends in the short-term
In its recent report, the IMF predicted 36.5 percent inflation for Iran this year. For further discussing possible scenarios for possible inflationary trends in the short-term; we’d asked professor Hanke for a commentary.