TEHRAN (Iran News) – Iran has launched a truck manufacturing plant that will employ 5,000 people at full production, official news agency IRNA reported on Wednesday. The first phase of the plant for the production of Chapar (Carrier) trucks came online during a ceremony attended by President Hassan Rouhani in Meshginshahr in northwest Iran. Iran […]

TEHRAN (Iran News) – Iran exported $31.9 billion worth of goods during the nine months of the current Iranian year (March 21-Dec. 21), said the chairman of Trade Promotion Organization of Iran, which compared with imported goods we see a surplus. Hamid Zadboum said on Monday that $31.8 billion of goods were also imported into […]

Head of Iran’s Trade Promotion Organization says the country should take advantage of current agreement with Eurasian Union and it should boost its trade with Eurasian states to at least $2b.

TEHRAN (Iran News) – Minister of industries in Iran says the government has no plan to revise a series of harsh tariffs imposed on exports of raw metals as the government seeks to gain more revenues through the export of finished products that could generate more added value for the country. Reza Rahmani said on […]

The deputy for mineral affairs of Iran Central Iron Ore Company-Bafq said, “In line with the company’s policy and given the fact that the Choghart mines reserves are running out and exploitation from its surface area will end in the next few years, a contract to buy 500,000 tons of rocks has been signed by […]

TEHRAN (Iran News) – Azerbaijan’s President Ilham Aliyev said Monday that the Azerbaijan, Russia and Iran electricity corridor has vast potentials for energy cooperation among the three neighbors. In an interview with Russia-24 TV Network, Aliyev said, “Azerbaijan and Russia cooperate in emergency electric power supply… and we constructed new electricity transmission lines with Iran.” […]

TEHRAN (Iran News) – The eurozone economy will slow down in 2020 for the third consecutive year, according to a Financial Times poll of economists, who forecast it will be held back by political instability, trade tensions, and disruption in the auto industry. The European Central Bank (ECB) expects the eurozone economy to grow 1.1 […]

The operation to extract natural gas from the third platform of Phase 14 of Iran’s giant South Pars gas field started off on Wednesday night, an official announced.

TEHRAN (Iran News) – Iran mine industry is expected to increase exports up to $10 billion of minerals and mining industry products by the end of the current Iranian year (March 19, 2020). “Iran mine sector will not only meet the needs of the country’s industrial plants and construction industry, but they will also increase […]

Iran’s new ambassador to Russia, Kazem Jalali, said although there are close political relations between the two countries, the economic ties have not developed well.