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Iranian Finance

  • Iran basks in ‘miracle’ of $32 billion in non-oil exports

    Iran basks in ‘miracle’ of $32 billion in non-oil exports

    Jan 21, 2020 08:27

    Iran has exported $32 billion of non-oil goods so far in the current Persian year ending March 21, 2020, shoring up its economy which is under severe pressure from unprecedented US sanctions.

  • Iran ahead of many industrial nations on power grid reliability: Spokesman

    Iran ahead of many industrial nations on power grid reliability: Spokesman

    Jan 14, 2020 13:04

    Iran’s energy ministry says the electricity network in the country has become one of the best in the world in terms of reliability by avoiding any blackout for the past 16 years.

  • Iran's total steel exports surge by %23 year-on-year in November

    Iran's total steel exports surge by %23 year-on-year in November

    Jan 09, 2020 03:12

    Iran’s exports of various steel products increased by nearly a quarter in the eight-month period ending in late November 2019, a report shows.

  • Smuggling, export of Iranian cigarettes down by nearly half until November 2019

    Smuggling, export of Iranian cigarettes down by nearly half until November 2019

    Jan 01, 2020 14:19

    Iran’s ministry of industry says Iranian-made cigarettes had a lower appeal for foreign customers and smugglers in the eight-month period ending in late November 2019 as figures nearly halved compared to the similar period last year.

  • Demand for Iran’s copper outpaces supply for first time: NICICO

    Demand for Iran’s copper outpaces supply for first time: NICICO

    Dec 29, 2019 11:57

    The CEO of the National Iranian Copper Industry Company (NICICO) has said that for a first time in the country’s history the sector is facing a higher demand than current supply and output levels despite a series of the illegal US sanctions which seek to stifle Iran’s lucrative trade of metals.

  • Iran says steel industry growing after US turns up sanctions heat

    Iran says steel industry growing after US turns up sanctions heat

    Dec 25, 2019 08:24

    Iran’s industrial metals, specifically steel, are the latest target in the Trump administration’s maximum pressure campaign, but officials say the sector is unfazed and keeps growing.

  •  Iran: Parliament allows Jask port to become special economic zone

    Iran: Parliament allows Jask port to become special economic zone

    Dec 17, 2019 12:53

    Iran’s port of Jask, located to the east of the Persian Gulf, has been allowed to become a special economic zone (SEZ) to enjoy lower tariffs on investment and transportation of goods.

  • Iran resumes exports of PET used in bottling, textile industry

    Iran resumes exports of PET used in bottling, textile industry

    Dec 11, 2019 12:33

    A key petrochemical company in Iran has significantly increased its production of polyethylene terephthalate, also known as PET plastic, allowing the country to resume exports of a product which has a high demand in bottling and textile industries.

  • Iran to open first privately-owned port on the Caspian Sea

    Iran to open first privately-owned port on the Caspian Sea

    Dec 01, 2019 14:10

    Iranian authorities say a first privately-owned port facility in the north of the country and on the Caspian Sea is to open after nearly 15 years of planning and construction.

  • Syndicate member says electricity-rich Iran should have exports increased

    Syndicate member says electricity-rich Iran should have exports increased

    Nov 21, 2019 13:57

    A member of Iran’s main industrial union in the electricity sector says the country’s current state of exports does not match its huge production potentials.

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