Economy

Capacity of Iran’s Bushehr Nuclear Power Plant to be tripled

Iran’s President Ebrahim Raeisi says the electricity production capacity of the Bushehr Nuclear Power Plant will be tripled.

Envoy: Reports about closure of Iran-Turkey border crossings baseless

Iran’s consulate general in Erzurum، Turkey has dismissed reports about the closure of Iran-Turkey border crossings and the banning of the entry of the two sides’ trucks as totally baseless.

Iran’s West Azarbaijan Province reopens all border crossings

Iran’s West Azarbaijan Province reopened all its five land border crossings on Friday after nearly two years of closure over the spread of the coronavirus.

Ali Salehabadi appointed as Iran’s new central bank chief

Ali Salehabadi has been appointed as the new governor of the Central Bank of Iran, Minister of Finance and Economic Affairs announced on Wednesday.

Iran to US, EU: End Sanctions to Help Address Global Energy Crisis

Iran has called on the decision-makers in the US and the European countries to end anti-Iran sanctions to help ease the global energy crisis.

Iranian delegation in Kabul, talking trade with Taliban

Following coordination with Iran’s Interior Ministry and the heads of the Afghanistan’s interim government, Mohammad Sadegh Motamedian, the governor of Khorasan Razavi province has traveled to Afghanistan along with his entourage with the aim of developing trade relations and investigating and solving transit problems in a meeting met with various Taliban officials.

MP: Iranians have spent $7 billion on real estate in Turkey

An Iranian MP says Iran has repeatedly saved political life of the Turkish president.

Iran bans imports of home appliances to support domestic manufacturers

Iran’s Presidential Office has instructed the Ministry of Industry, Mine and Commerce and the Ministry of Economy and Finance to ban imports of South Korean home appliances.

Cuba FM urges close cooperation with Iran against US sanctions

Iran’s Foreign Minister Hossein Amirabdollahian and his Cuban counterpart Bruno Rodriguez met Friday on the sidelines of the UN General Assembly in New York. Amirabdollahian and Rodriguez discussed bilateral ties, especially their trade cooperation.

Iran FM: Tehran not to tie its economy to nuclear talks

As part of the meetings of Iran’s Foreign Minister on the sidelines of the UN General Assembly on Friday, Hossein Amirabdollahian and South African Minister of International Relations and Cooperation Naledi Pandor sat down for talks on bilateral relations.

Indonesia FM thanks Iran for exporting pharmaceutical items

As part of his meetings on the sidelines of the United Nations General Assembly, Iran's Foreign Minister Hossein Amirabdollahian met with Indonesia's Foreign Minister Retno Marsudi on Friday. The two sides exchanged views on bilateral issues and cooperation.

Norway calls for the revival of JCPOA

Iran’s Foreign Minister Hossein Amirabdollahian and his Norwegian counterpart Ine Eriksen Søreide have held talks over bilateral ties and the situation in Afghanistan. The negotiations happened on the sidelines of the UN General Assembly in New York.

Armenian calls for Tehran-Yerevan cooperation in oil and gas

Iran’s Foreign Minister Hossein Amirabdollahian and his Armenian counterpart Ararat Mirzoyan have held talks on the sidelines of the UN General Assembly meeting in New York.

Iran ready to cooperate with Singapore in security, counter-terrorism, narcotics

As part of his meetings on the sidelines of the United Nations General Assembly in New York, Iranian Foreign Minister Hossein Amirabdollahian has held talks with his counterpart from Singapore Vivian Balakrishnan. The two sides discussed bilateral issues especially trade and economic cooperation.

Iranians Set Record of Purchasing Houses in Turkey

Turkey’s statistics center says Iranians bought 911 housing units in the country in August, which it said is an all-time monthly record for such purchases.

Iran to boost oil refining capacity

Iran’s Oil Minister Javad Owji has announced that the country is planning to boost its petroleum refining capacity over the next four years.

Iran to increase nuclear electricity generation capacity to 8MG

The head of the Atomic Energy Organization of Iran (AEOI) says the nation’s nuclear electricity production capacity should reach 8 megawatts in the short term.

Iran’s exports to Iraq rises by 31%

An Iranian customs spokesman has said Iran's exports to Iraq in the first five months of this year increased by 31 percent compared to the same period last year.

Iranians mine $1 billion Bitcoins annually

Iran’s Parliament says Iranians mine one billion dollars in cryptocurrencies per annum.

Makran Coasts Can Turn Iran into Extra-Regional Power

Iran has long sought to use the potential of its strategic southern coastal region of Mokran along the Sea of Oman to expand its oil and petrochemicals sector, diversify its outlets for key crude petroleum exports, which have been concentrated in the Persian Gulf region, and increase its strategic clout.

Raisi says will not allow excessive import of home appliances

Iranian President Seyyed Ebrahim Raisi says his administration prioritizes domestic production and will not allow excessive imports.

Iran workers call for a ban on foreign-made home appliances

Tens of thousands of Iranians working at home appliance manufacturing companies have signed a petition, calling for a ban on imports of foreign products.

Raisi calls for leap in Iran’s non-oil exports

Iranian President Seyyed Ebrahim Raisi has called for a leap in the country’s non-oil exports.

Iran Records a Trade Surplus of $1.2bn Last Month, China largest client

Iran’s customs administration says the country recorded a trade surplus of $1.2bn in the previous Persian calendar month.

Association Chief: Iran Power Outages Cost Steel Sector $6bn

The head of Iranian Steel Producers Association says power outages that hit the country during summer have cost the industry six billion dollars.

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