Economy News
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Iran defense minister pays tribute to Simon Bolivar
Tehran, IRNA - Iranian Defense Minister Brigadier General Aziz Nasirzadeh paid his respects to the late Venezuelan politician, Simon Bolivar, by attending the tomb of the leader of the liberation revolutions of Latin America.
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Iran approves over $5 billion in foreign investment in key sectors
Tehran, IRNA – Iran's Foreign Investment Board approved more than $5 billion in foreign investments during its 286th meeting and the fourth session under the new administration, according to a statement from the Ministry of Economy on Wednesday.
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Iran, Afghanistan discuss finalization of Khaf-Herat railway project
Tehran, IRNA – The CEO of the Islamic Republic of Iran Railways has stated that given the proximity of Iran, Afghanistan, and China, the Khaf-Herat railway route is the only axis that can shorten transit times and reduce costs; thus, completing this railway according to a specific timeline is of great importance.
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Defense Minister: Iran after expanding economic ties with Venezuela
Tehran, IRNA – Iran's Defense Minister Brigadier General Aziz Nasirzadeh stated that the Islamic Republic of Iran is seeking to develop economic cooperation with Venezuela.
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Iran, Russia very determined to develop ties at maximum level: VP
Tehran, IRNA—Iranian Vice-President Mohammad-Reza Aref has announced Tehran and Moscow's strong determination to strengthen bilateral relations to the maximum level.
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Iran-Russia power grids link-up to boost regional electricity supplies: Minister
Tehran, IRNA—Iranian Energy Minister Abbas Aliabadi says connecting the power networks of Russia and Iran would significantly increase the region's electricity supply capacity.
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Iran reports $3 billion in horticultural exports to over 100 countries
Tehran, IRNA – Iran’s Deputy Minister of Agriculture, Mohammad Mehdi Boroumandi, announced that horticultural products account for nearly half of the country's agricultural export revenue, generating approximately $3 billion annually from exports to over 100 countries.
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Iran’s foreign trade at $72bn in 7 months to late October
Tehran, IRNA – Head of Iran’s Export Confederation, Mohammad Lahouti, has announced that Iran's foreign trade has reached $72 billion in the first seven months of the Iranian calendar year (March 20 – October 21, 2024).
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Iran launches direct cargo flight to UAE to import electronic, ICT equipment
Karaj, IRNA – Iran has launched direct cargo flights to the United Arab Emirates in an effort to import electronic as well as information and communication technology (ICT) equipment.
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Afghan delegation visits Iran to expand cooperation in rail transportation
Kabul, IRNA - A delegation from the Ministry of Public Works of Afghanistan (which is responsible for the development and expansion of Afghanistan in the field of road construction, service plans and design of rail and road projects) headed by Maulvi Mohammad Ishaq Sahibzadeh, Deputy Minister of Railways of this Ministry arrived in Iran at the official invitation of the Islamic Republic Railway Company.
