


Iran’s Transit of Goods Up 70% in 5-Month Period
TEHRAN (Tasnim) – Some 8.6 million tons of goods were transited from Iran in both rail and road sectors in the first five months of the current Iranian calendar year (started March 21, 2024), registering a 70.3 percent growth compared to the same period last year.

Iran to Produce 80 Million Tons of Petrochemicals by Yearend: Deputy Oil Minister
TEHRAN (Tasnim) – The chief executive of the Iranian National Petrochemical Company (NPC) said that more than 80 million tons of petrochemical products will be produced in the country by the end of the current Iranian calendar year (to end March 20, 2025).

Iran Can Become Petrochemical Equipment Production Hub in Region: NPC Chief
TEHRAN (Tasnim) – The chief executive of the National Petrochemical Company (NPC) said that Iran can be turned into a petrochemical equipment production hub in the region.

Asian Markets Brace for Sharp Declines Following Wall Street Slump
TEHRAN (Tasnim) – Asian stocks are set to open sharply lower on Monday, as investors react to Wall Street's recent losses and brace for key economic data from China, Japan, and Taiwan, which could further influence global market sentiment.

IRAN PLAST 2024 Exhibition Inaugurated in Tehran
TEHRAN (Tasnim) – The 18th edition of the Iran International Exhibition of Plastic, Rubber, Machinery, and Equipment, entitled "IRAN PLAST 2024" opened at the Tehran Permanent International Fairgrounds in Tehran on Sunday.

Iran’s Non-Oil Trade with OIC Member States Up 15%: IRICA chief
TEHRAN (Tasnim) – Iran’s export of non-oil products to the member states of the Organization of the Islamic Cooperation (OIC) has registered a 15% growth, the president of the Islamic Republic of Iran Customs Administration (IRICA) said.

Iran’s Non-Oil Exports to Iraq Up 21% in 5-Month Period: TPOI
TEHRAN (Tasnim) – An official at the Trade Promotion Organization of Iran (TPOI) said that the country’s export of non-oil goods to neighboring Iraq in five months has registered a 21 percent growth.

Iran’s Pistachio Production Rises 15%: Ministry of Agriculture
TEHRAN (Tasnim) – Some 300,000 tons of pistachios have been produced in Iran in the current Iranian calendar year (started March 21, 2024), an official at the Ministry of Agriculture said.

Iran Orders 42 Bulk Carriers to China’s COSCO Group
TEHRAN (Tasnim) – China’s COSCO Shipping Group has concluded the contract with domestic Iranian companies for the construction of 42 bulk carriers, valued at more than $2 billion.

Iran, Spain to Expand Cooperation in Port, Maritime Transport Services
TEHRAN (Tasnim) – Officials from Iran and Spain emphasized expanding cooperation in the field of shipping, port and maritime transport services.

Gas Supply from Russia to Iran 'A Feasible Project': Putin
TEHRAN (Tasnim) – Iran has been asking Russia to supply gas and this is a quite feasible project, Russian President Vladimir Putin said, speaking at the plenary session of the Eastern Economic Forum (EEF).

Iran to Produce 5,000 Electric, Hybrid Cars by March 2025
TEHRAN (Tasnim) – An official at Iran’s Ministry of Industry unveiled plans to manufacture 5,000 electric and hybrid passenger cars in the country by the end of the current Iranian year, which will end on March 20, 2025.

Nvidia Shares Plummet 9.5% in Historic Market Value Drop Amid AI Concerns
TEHRAN (Tasnim) - Shares of Nvidia fell 9.5% on Tuesday, marking the largest single-day decline in market value for a US company, as investors reassessed their optimism about AI amid a broader market selloff.

President Lays Out Plan to Stimulate Iran’s Trade in Foreign Visits
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian outlined a scheme to trigger an economic boom and boost trade exchanges through talks during his trips to various foreign countries.

Iran’s Non-Oil Exports Hit $21.9 Billion in 5-Months Period: IRICA
TEHRAN (Tasnim) – The president of the Islamic Republic of Iran Customs Administration (IRICA) put the country’s non-oil exports in the first five months of the current Iranian calendar year (started March 21, 2024) at $21.9 billion.

President Outlines Plans for Iran’s Economic Growth
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian referred to recommendations made by experts for achieving the target of 8% economic growth in the country, unveiling plans to attract massive investment and build trust among economic stakeholders.

Iran Exporting Technical, Engineering Services to 10 Countries: Official
TEHRAN (Tasnim) – Iran exports technical and engineering services to ten countries, namely Tajikistan, the Republic of Azerbaijan, Afghanistan, Iraq, Bahrain, Kuwait, Georgia, Lebanon, Kazakhstan and Ivory Coast, a deputy minister of industry, mine and trade said.

Russian Official Stresses Need for BRICS Bank to Create Independent Payment System
TEHRAN (Tasnim) – The New Development Bank (NDB) created by BRICS states faces the task of creating an independent system of payments and settlements in order to prevent the adverse effect from third countries on their finances, Russian deputy finance minister said.
