Economy

Third Reactor Ring Installed at Bushehr Nuclear Power Plant Unit 2

سایر عناوین سرویس

Third Reactor Ring Installed at Bushehr Nuclear Power Plant Unit 2

EconomyThe installation of the third ring of blocks of the inner protective shell of the reactor building at Unit 2 of the Bushehr Nuclear Power Plant has been successfully completed.
Iran–Africa Trade Reaches $849 Million in Eight Months

EconomyIran’s trade volume with African countries reached $849 million in the first eight months of the current Iranian year (March to November), marking a 77 percent increase compared with the same period last year, according to officials.
Direct Flights Between Iran and Pakistan Increase to Seven Per Week

EconomyPakistan’s Ambassador to Iran has announced an increase in the number of direct flights between Iran and Pakistan, raising the total to seven flights per week—a development expected to support bilateral cooperation in trade, tourism, and people-to-people exchanges.
OPEC and IEA Diverge Over Iran’s Oil Production Figures

EconomyTwo of the world’s most influential oil market institutions—the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA)—have released differing estimates regarding Iran’s oil production in August 2024, highlighting ongoing uncertainties surrounding the country’s actual output levels.
Significant Decline in Iran’s Gasoline Consumption Following Fuel Card Reform

EconomyIran has recorded a notable reduction in daily gasoline consumption following the implementation of a reform plan aimed at regulating fuel station cards. Iran’s Minister of Oil announced that the measure has led to a decrease of approximately 9 million liters in the country’s daily gasoline usage, a development widely seen as an important step toward more efficient energy management and greater transparency in fuel distribution.
Iran Officially Launches a Three-Tier Gasoline Pricing System

EconomyIran has officially implemented a three-tier gasoline pricing system as of midnight on Saturday, December 13, marking a significant shift in the country’s fuel policy after six years of stable prices. The move is being presented by the government as part of a gradual effort to reform energy subsidies and manage fuel consumption.
A New Chapter in Tehran’s Rail Diplomacy

Iran Sends Its First Domestic Freight Train to Central Asia

EconomyIran has entered a new phase of regional rail diplomacy with the dispatch of its first freight train — fully composed of domestically built wagons — to Uzbekistan. The move marks a turning point that could reshape Tehran’s role in the East–West corridor and strengthen its position in Central Asian transit routes.
Iran, Turkey aim for $10 billion trade volume

EconomyIranian Minister of Industry, Mine and Trade Mohammad Atabak has announced plans to increase bilateral trade between Iran and Turkey by $2 billion in the coming year, targeting a total trade volume of $10 billion.
Agriculture minister arrives in Moscow for grain and livestock feed talks

EconomyAgriculture Minister Gholamreza Nouri Ghezeljeh arrived in Moscow on Wednesday for a two-day visit aimed at expanding agricultural cooperation, including trade in grains and livestock feed.
Iranian ambassador: Revival of previous UN Security Council resolutions ineffective

EconomyIranian Ambassador to Italy Mohammad Reza Sabouri deemed the move by three European countries to reinstate the repealed resolutions against Tehran devoid of legal, logical, and moral justification, and emphasized that this claim is legally and politically invalid and ineffective, and does not create any new obligations for Iran.
Iranian ambassadors meet foreign minister Araghchi in Mashhad

EconomyAmbassadors to several neighboring countries have met with Foreign Minister Seyyed Abbas Araghchi in Mashhad, northeastern Iran.
Economic diplomacy is only solution to tackle sanctions: Araghchi

EconomyForeign Minister Abbas Araghchi has stressed that the solution to confronting sanctions is economic diplomacy, and said that so a deputy has been formed in the Ministry of Foreign Affairs for this reason, and provincial diplomacy conferences are also held in this regard.
Iran elected to chair executive board of Gas Exporting Countries Forum

EconomyIran’s representative has been elected as the chair of the executive board of the Gas Exporting Countries Forum (GECF)
Iran establishes its first offshore weather station in Caspian Sea

EconomyThe Islamic Republic of Iran has established its first offshore marine meteorological station on the Amir-Kabir semi-submersible drilling rig in the Caspian Sea.
Russian deputy PM hails Iran’s engineering work on Rasht-Astara railway

EconomyRussian Deputy Prime Minister Alexei Overchuk praised Iran’s “precise and committed” engineering work on the Rasht-Astara railway, calling it a key element in expanding regional transport links among Iran, Russia, and Azerbaijan.
Iran and Pakistan set $10 billion trade target

EconomyMinister of Industry, Mine, and Trade Mohammad Atabak says Iran and Pakistan have set a target to increase bilateral trade exchanges to $10 billion a year.
Iran’s exports to Africa hit record high in Q1: Official

EconomyThe head of the Africa Department at the Trade Promotion Organization (T.P.O.) says Iran’s trade with Africa has seen significant growth this year, with exports and imports both increasing overwhelmingly.
Iran, Tajikistan sign MoU to facilitate railway transit

EconomyIranian and Tajik officials have signed a memorandum of understanding (MoU) that will boost cooperation between their countries in railway transit.
President Pezeshkian vows to step up efforts to implement Leader’s directives

EconomyPresident Masoud Pezeshkian says his administration will do utmost to eliminate obstacles hindering production in Iran, ensuring that the directives of Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei would be fully realized.
IKCO management handed over to consortium of non-governmental shareholders

EconomyToday, we are proud to announce that, with the trust of the government of the Islamic Republic of Iran and the decision of the assembly of shareholders of IKCO Industrial Group, the management of IKCO has been handed over to a consortium of non-governmental shareholders who own the majority of the company’s shares for many years.