TEHRAN (Iran News) – Iranian steelmakers made 21.52 million tons of crude steel output during the first 10 months of 2019, marking a 6.2-percent increase compared to corresponding figure of 2018, which was 20.26 million tons. According to figures released by the World Steel Association (WSA) on Tuesday, Iran made it to 2.2 million tons […]

TEHRAN (Iran News) – Iranian officials plan to manufacture $11 billion worth of domestic products in the next couple of years to replace some imports. The Iranian companies aims to produce electrical, automobile and telecommunications commodities, and double exports to neighboring countries in order to reach a target value of $48 billion products to replace […]

TEHRAN (Iran News) – Seventeen Iran-made medicines, containing high-tech drugs, will be exported to Russia, Mohsen Asadi Lari, director of international cooperation at the Ministry of Health, has announced. Since last year, negotiations are underway with the Russian Ministry of Health for medicine trade, he said, adding that a meeting was also held in Moscow […]

TEHRAN (Iran News) – President Recep Tayyip Erdogan called on Turks to convert their foreign currency to Turkish lira, asking them to “leave the dollar”. “Leave the dollar and the rest. Let’s convert to our money, the Turkish lira. The Turkish lira doesn’t lose value anymore. Let’s show our patriotism like this,” Erdogan said, World […]

TEHRAN (Iran News) – Oil Ministry announced on Tuesday that after the implementation of gasoline rationing scheme, consumption droped by 19 million liters per day in Iran. In a time span from November 15 to 24, Iranians consumed 79 million liters of gasoline daily, while their consumption stood at 98 million liters per day from […]

TEHRAN (Iran News) – Iranian Vice-President and Head of the Management and Planning Organization (MPO) Mohammad Baqer Nobakht said that Iran’s after accomplishing an objective of increasing non-oil exports to 15 neighboring countries by two-fold to counter the US bans on its oil sale. Nobakht said on Monday that non-oil exports to 15 neighboring and […]

TEHRAN (Iran News) – Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholamhossein Shafei revealed the details of a new agreement between Iran and Syria under which Iranian companies will construct 30,000 homes for Syrians and help Syria’s reconstruction. He made the remarks on Tue. in Iran-Syria Business Forum and stated, “Iran […]

TEHRAN (Iran News) – Iranian SMEs exports worth 1.50 billions in the first seven months of the current local calendar year (March 21- October 22), which shows about 50% increase in comparison with figures from the last year. Deputy Managing Director of Iran’s Small Industries and Industrial Parks Organization (ISIPO) Asqar Masaheb said on Monday […]

TEHRAN (Iran News) – Joseph Stiglitz, the noble prize winner in economics said another word about new changes of worldly life. The world is facing three existential crises: A climate crisis, an inequality crisis and a crisis in democracy. Will we be able to prosper within our planetary boundaries? Can a modern economy deliver shared […]

TEHRAN (Iran News) – Study of statistics of the Ministry of Industry, Mine and Trade in the first six months of the current year (from March 21 to Sept. 22) indicated that developed countries [including Germany, China, Russia and the Netherlands] welcomed making investment in Iran industrial sector. According to the licenses issued in foreign […]