Tag: Economy
Trump’s Venezuelan delusion: Same foolish blueprint he plots for Iran
TEHRAN – In a move that exposes both his strategic shortsightedness and his penchant for delusional grandiosity, US President Donald Trump has announced plans to refill America’s depleted Strategic Petroleum Reserve using Venezuelan oil. The scheme, which Trump has bizarrely described as a “gift from Venezuela to the American people,” reveals a fundamental misunderstanding of…
Construction of 75,000 rental housing units forecasted
TEHRAN- The Minister of Transport and Urban Development has announced the start of construction for 94,000 worker housing units and a forecast for building 75,000 rental housing units, stating that in the first phase, 6,000 rental units will be allocated to young couples.
Khoy-Van joint free zone to be launched soon: official
TEHRAN, Aug. 31 (MNA) – The launch of Khoy-Van Joint Free Trade Zone, construction operation of which began about four years ago, is currently approaching its final stage with necessary follow-ups made between Iran and Turkey, a lawmaker said.
Expansion of electricity generation capacity continues
TEHRAN- An official has stated that in the renewable energy sector, production capacity has increased from 1,250 megawatts to approximately 7,000 megawatts, and in the thermal power plant sector, about 3,000 megawatts have been added to the country’s generation capacity.
Rebuilding damaged industries to protect production, ensure financing supply chain stability
TEHRAN- The US-Zionist imposed war, in addition to causing direct damage to some production units, also affected parts of the country’s industrial supply chains. However, planning for the swift return of damaged units to the production cycle and preventing the halt of related industries has now become one of the central axes of industrial policymaking.…
From Busan Experience to New Avenues of Cooperation
TEHRAN- The Ambassador of the Republic of Korea to Iran recently visited the Iranian National Commission for UNESCO, where he met with Dr. Hassan Fartousi, Secretary-General of the Iranian National Commission for UNESCO, and colleagues to discuss the potential for developing joint cooperation in the fields of education, culture, science, and tourism.
Operational plan to be prepared for building a ‘Stronger Iran’: economy minister
TEHRAN- The Minister of Economic Affairs and Finance of Iran stated: “A stronger Iran can be achieved through unity and empathy, and by making maximum use of the capacity of elites and the people.”
‘Pakistan’s port capacity, an advantage for Iran’s trade with East Asia’
TEHRAN- The Head of Iran’s Trade Promotion Organization (TPO) described the visit of a Pakistani delegation to Iran—aimed at holding a bilateral meeting and following up on the approvals of the 10th Joint Trade Committee—as the beginning of a brilliant era in the development of economic and trade cooperation between the two countries, and emphasized…
Drilling of wells in joint Balal field enters new phase
TEHRAN- The project manager of the joint Balal gas field development plan announced the completion of drilling for two wells in the field, stating that upon its commissioning, Iran’s daily gas production capacity will increase by approximately 14 million cubic meters, offsetting part of the country’s gas imbalance.
Iran’s agricultural production reaches 137 million tons
TEHRAN- The Deputy Agriculture Minister for Cultivation Affairs stated that while the agricultural sector plays a fundamental role in ensuring the country’s food security, agricultural production has risen from approximately 130 million to 137 million tons despite drought, water resource constraints, sanctions, and existing imbalances.