Economy Archives
Draft budget earmarks $680m for industrial park infrastructure
Iran’s draft budget for the next fiscal year (1405) has projected 340 trillion rials (about $680 million) in funding for infrastructure development in industrial parks, according to estimates by the Iran Small Industries and Industrial Parks Organization (ISIPO)
۷ port projects launched in Hormozgan to boost container capacity
Seven maritime and port projects were inaugurated in the southern province of Hormozgan, including key developments at Shahid Rajaee Port, aimed at expanding container capacity and upgrading strategic equipment, state media reported
Tehran to host intl. conference on rail, road corridor investment
Tehran is set to host an international conference on investment and financing opportunities of rail and road corridors on February 14, organized by the Ministry of Transport and Urban Development, officials said on Tuesday
Iran oil industry posts fresh records in output, exports, capacity building
Iran’s oil industry has set new records in production, exports and capacity development over the past 18 months, despite continued sanctions and external constraints
Curbing inflation, primary priority of monetary policy: CBI governor
The Governor of the Central Bank of Iran (CBI), outlining the priorities of monetary and exchange rate policies, emphasized this institution’s complete focus on sustainably curbing inflation, deepening the forex trading market, and the necessity of cooperation from other government bodies to navigate the current complex situation
Power projects worth $1.1b to be inaugurated across Iran
Energy Ministry will inaugurate 243 power sector projects nationwide during the Ten-Day Dawn anniversary period, with total investment of about 550 trillion rials ($1.1 billion), a senior official at Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) said
Iran targets $10b in energy services exports to Eurasia by 2028/29
Iran is aiming to export about $10 billion worth of energy-related services, engineering expertise and goods to the Eurasian region by 2028/29, leveraging a free trade agreement as its main platform for expansion, an industry official said
IMIDRO says 420 exploration maps to draw private investment
Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO) plans to use more than 400 newly produced exploration maps to attract private sector participation and reduce risk in mineral exploration, its head said
New Iranian vessel to be unveiled in Caspian Sea, co-op with Russia planned in 200 petchem projects
Iran will unveil a new vessel in the Caspian Sea next week as part of efforts to expand cargo transport capacity, particularly container shipping, Iran’s ambassador to Russia said
Iran free zones seek investment from CIS countries
Iran’s free trade and special economic zones are ready to attract investment from countries of the Commonwealth of Independent States (CIS), a senior official said on Monday