Pars Today
Figures by Iranian Steel Producers Association (ISPA) show domestic demand for steel increased significantly in the 11 months to late February as steelmakers supplied some 87.8% of their products to domestic customers over the period.
The Central Bank of Iran (CBI) says the foreign exchange situation in the country has been improved by diplomatic overtures with Saudi Arabia and the United Arab Emirates (UAE).
Iran’s finance ministry (MEAF) has launched a first scheme that allows businesses to use factoring services backed by the country’s banking system.
The Iranian minister of culture reported of the joint construction of a paper factory in Venezuela, holding cultural weeks and the establishment of a joint educational working group to combat media terrorism with Caracas.
An official from Iran’s Ministry of Industry, Mine and Trade (MIMT) says the country will be able to extract lithium from two newly-discovered lithium deposits in the next two years.
Iran’s export of mining products and minerals in the first 11 months of the current Iranian year (March 21, 2022 to February 22, 2023) surpassed $11 billion.
Iranian and Omani officials have called for removing banking barriers in a bid to further expand mutual ties.
Iran's Embassy in Caracas has announced the official launch of a direct shipping route between the Islamic Republic and Venezuela to enhance trade ties amid US sanctions.
President Ebrahim Raeisi has inaugurated a major project to transfer water to Lake Urmia amid hopes that the plan could ease environmental concerns about drying up of the lake in northwestern Iran.
Iran’s second largest carmaker Saipa has finalized a contract to launch exports to Russia amid efforts by Iranian automotive companies to expand their presence in the Russian car market nearly a year after Western brands left the country because of the sanctions over the Ukraine war.