Economy Archives | صفحه 22 از 142
Iran restarts Caspian Sea drilling after 3-decade hiatus
Iran’s Oil Minister has ordered the resumption of exploratory drilling in the shallow waters of the Caspian Sea, ending a 30-year pause in operations
2,200+ Companies Join West Asia›s Largest Oil Event in Tehran
Iran’s oil industry, a key economic driver, is showcasing its latest achievements at the 29th International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2025) in Tehran, where over 2,200 domestic and international companies have convened
Iran’s annual saffron export stands at $184.7m
Iran exported 214,300 tons of saffron worth $184.7 million in the past Iranian calendar year 1403 (ended on March 20), according to an official with the Islamic Republic of Iran Customs Administration (IRICA)
Four million customers, 135 trillion tomans of support in “National Kindness Project” of Bank Melli
At the Conference of “Evaluating Performance of Bank Melli Iran (BMI) Last Year (Ended March 20, 2025) and Clarifying Goals of Bank in Current Year (Started March 21, 2025)”, CEO of Bank Melli Iran (BMI) Abolfazl Najjarzadeh emphasized the special status of the bank in gaining public trust and introduced the “National Kindness” Project of the bank as a symbol of success and trust of four million dear customers of the bank
Iran, Tajikistan to expand cooperation on standards
Iran and Tajikistan signed a roadmap to implement a memorandum of understanding (MOU) on standardization, aiming to deepen bilateral cooperation in technical and quality assessment fields
Iran’s monthly non-oil trade reaches $5.8b
Iran’s non-oil foreign trade reached $5.8 billion in the first Iranian calendar month of Farvardin (March 21-April 21, 2025), with raw gold topping the list of imports at $583 million, according to data from the Islamic Republic of Iran Customs Administration (IRICA)
Daily gasoline output hits 120m liters
Iran has ramped up its gasoline production to 120 million liters per day in the second Iranian calendar month of Ordibehesht (started on April 21), up from 107 million liters the previous month, even as the country’s refining industry reports a dramatic collapse in profitability, a senior industry official said on Tuesday
Iranian, Chinese plastic industry groups sign co-op deal at Iran Expo 2025
On the sidelines of Iran Expo 2025, the Iranian Masterbatch and Compound Producers Association and the Shenzhen Plastics Association of China signed a memorandum of understanding (MOU) aimed at enhancing cooperation in the plastics industry through experience-sharing, technology exchange, and investment opportunities
Annual sponge iron export increases 11%
Iran’s export of sponge iron increased 11 percent in value, and 12 percent in volume in the past Iranian calendar year 1403 (ended on March 20), as compared to the previous year, the Iranian Steel Producers Association (ISPA) reported
Importance of Persian Gulf in International Political Economy
Donya-e-Eqtesad wrote about the importance of the Persian Gulf in the international economy. The paper said: The dependence of major powers on Persian Gulf energy riches has put the Persian Gulf at the center of developments