Over $3.5 billion of mineral projects are going to be completed this year in Iran with the help of the private sector. Around 1300 million Tomans were received from the private companies investing in these projects till now. It is planned to activate small sized mines with the help of private companies.
Iran’s exports to Russia increased to $51 million from Jan to May 2019, up $6.6 million compared with the same period last year.
Iran’s trade with EU was over €3 billion in the first 7 months of 2019 while it is only one-third of their commerce at the same period last year. However it reached the highest level on July 2019. Europe export to Iran was €2.56 billion from January to July 2019, down 52%. On the other…
Aluminum, the most consumed non-ferrous metal worldwide, is produced over 60 million MT per year globally. It’s a vital metal not only in daily life but also in various industrial and military industries and almost all people are using this metal in their daily lives. 400,000 MT of aluminum is produced in Iran per year…
The evaluation of market shows that a new base for trade is going to be formed in the region which can strengthen Iran exchange system and its foreign trade. It seems that Iranian traders can enumerate Oman as a new headquarters for export of Iranian goods. Iranian authorities are interested in Oman companies’ investment in…
According to Reza Rahmani, Iran’s minister of industry, the imports of industrial products including machinery and equipment would be down by $10 billion in 2021. He added that Iran plans to “deepen domestic manufacturing and to indigenize the country’s industrial needs”. He continued that over 1,850 industrial units across Iran had already resumed operations and…
Over $1.30 billion of non-oil goods were exported from Iranian small and medium-sized enterprises (SME) from March 21st 2019 to August 22nd 2019 (5 months), up 40% compared with the same period last year. There are over 77,000 small and medium-sized enterprises in Iran. 43,000 of these companies are allowed to work in industrial estates…
Jack Ma, the Alibaba founder, informed that he will be retired from Alibaba as he turns 55. He is known as the third billionaire of China at the present time. Jack Ma builds Alibaba into a $460 billion business in two decades and now is pivoting full time to philanthropy. According to Duncan Clark “Jack…
According to Central Bank of Iran statistics, the country’s external debts have been decreased to USD 8,678 million while USD 1,708 million of it goes back to the short-term debts. In May 2019, the total estimated external debts of Iran were USD 8,816 million. Hence the amount has been dropped 1.57 since May 2019. Accordingly,…
Dr. Luay al-Khatteeb declared that Iraq plans to continue electricity purchase from Iran within the next 3~4 years. He continued that Iraq is not able to provide all the electricity required so it has to import it from Iran. He added that Iraq has good relationships with all countries including Iran, and US should respect…
