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Iran has improved its global standing in steel production, becoming the ninth-largest producer in January 2024, according to new data released by the World Steel Association (WSA).
The Secretariat of Iran’s Free Zones High Council has announced that contracts for offering 300 investment packages worth over €2.5 billion have been signed with investors in seven of the country’s free zones in the first 10 months of the current Iranian calendar year (March 21, 2023-January 20, 2024).
The total volume of water stored behind Iranian dams is currently estimated at 22.41 billion cubic meters, showing a 25 percent decline compared to the previous year, Tasnim News Agency reported.
In a significant step towards enhancing energy cooperation between Pakistan and Iran, Islamabad has given the green light for advancing much-delayed work on the Iran-Pakistan gas pipeline within its territory.
The deputy managing director of Tehran province’s Industrial Parks Company announced that 205 idle production units have been revived in the industrial parks and zones of the province during the current Iranian calendar year (began on March 21, 2023).
The head of the Housing Foundation of Islamic Revolution announced that 230,722 units of the National Housing Movement have been completed and handed over to the applicants, IRNA reported.
Iran’s President Ebrahim Raisi is going to take part in the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Governments in Algiers, the capital of Algeria, on March 2, said Iran’s Deputy Oil Minister for International Affairs and Trade Ahmad Asadzadeh on Saturday.
The International Monetary Fund in its latest report on Iran’s microeconomic indicators has said the increase in Iran’s oil production in 2023 exceeded expectations, IRNA reported.
Iranian Finance and Economic Affairs Minister Ehsan Khandouzi said that Iran joining BRICS and Shanghai Cooperation Organization (SCO) is hoped to bring noticeable achievements for the country in terms of attracting foreign investment.
The value of Iran’s non-oil trade with its neighbors increased by 2.5 percent in the first 11 months of the current Iranian calendar year (March 21, 2023-February 19, 2024) to reach $55.275 billion, the head of the Islamic Republic of Iran Customs Administration (IRICA) said.