Bourse and Bazaar | Khosro Kalbasi: When Irans industry minister, Reza Rahmani, sat down for a meeting with Iranian Vice President Eshaq Jahangiri on Monday, he did not know that he was about to be fired. Rahmani was accompanied to the meeting by his deputy Hossein Modarres Khiabani, who would soon be named as his interim replacement. After the axe ...

Al-Monitor - In a surprise move, Irans president dismissed his minister of industry as the sector is increasingly plagued by US sanctions, untamed inflation and corruption. President Hassan Rouhani sacked his minister of industry, mine and trade at one of the most chaotic moments for the countrys industry, particularly in the automotive sector. ...

Tasnim Iranian President Hassan Rouhani dismissed the minister of industry and assigned a caretaker to the ministry to handle the situation in the domestic car market and ensure a steady supply of basic commodities amid the cruel sanctions against Iran. In a decree on Monday, President Rouhani appointed Hossein Modarres Khiabani as the caretaker ...

Press TV - Irans production of aluminum would jump by more than 63 percent in the current calendar year ending March 2021 to reach over 430,000 metric tons, says the countrys minister for industries. Reza Rahmani said on Wednesday that the total output for aluminum in the past calendar year ending March 19 topped 276,000 tons. He said output ...

Press TV - Iranwill increase the production of protective masks for coronavirus relief to 4 million per dayby the end of this month, Minister of Industry, Mineand Trade Reza Rahmani says. Prior to the coronavirus outbreak, Iran had an overall capacity to manufacture700,000 masks per day, the minister said, adding Iran's production of sanitizers ...

Tasnim Irans domestic production in all industries, except in the aluminum and automotive industries, has been increasing since the beginning of the current Iranian year, Minister of Industry, Mine and Trade Reza Rahmani said. In comments on Monday, Rahmani said the Ministry of Industry, Mine and Trade had formulated a plan at the beginning of ...

Financial Tribune - Iran produced 41.5 million tons of cement during the first eight months of the current fiscal year (March 21-Nov. 21) to register an increase of more than 10% compared with last years corresponding period, the Persian economic daily Donya-e-Eqtesad reported, citing data from the Ministry of Industries, Mining and Trade. According ...

Financial Tribune - The Ministry of Industries, Mining, and Trade is planning a bigger role for the stock market in funding the industrial sector, the Minister said. Speaking to businesspeople on Saturday, Reza Rahmani said his ministry is preparing new guidelines to help fund companies through different sectors of the capital market, such as finance ...

Press TV - Irans industrial metals, specifically steel, are the latest target in the Trump administrations maximum pressure campaign, but officials say the sector is unfazed and keeps growing. Earlierthis month, the US government launched the latest salvo in the campaign as it warned against exports of steel-making materials to Iran. The US Department ...

IRNA Minister of Industry, Mine and Trade Reza Rahmani said on Sunday that the overall policy and priority of Iran's foreign trade is to focus on cooperation with neighboring countries. He said that it is imperative that the capabilities and capacities of the private sector be further developed to enhance trade ties with the neighboring countries....

Tasnim Irans Minister of Industry, Mine and Trade Reza Rahmani highlighted efforts to boost the countrys economic cooperation with Oman and said the two countries plan to increase the annual bilateral trade by five times to $5 billion. Speaking at the 18th meeting of the Iran-Oman joint economic commission in Tehran on Saturday, Rahmani said the ...

Press TV - Iran and Kyrgyzstan have vowed that bilateral trade would exponentially increase in the near future mainly because of Irans decision to launch a free trade zone with the Eurasian Economic Union (EAEU), a major trade bloc where Kyrgyzstan is a member. Irans minister of trade Reza Rahmani said on Wednesday that economic exchanges between ...

Financial Tribune - Industries Minister Reza Rahmani said that in two years, infrastructures of information and communication technologies will be mainly localized, curbing an annual capital flight of over $10 billion Iran's ICT sector will become less dependent on imports and more self-reliant by 2021, thanks to the expansion of domestic production ...

Bloomberg | Abbas Al Lawati: Iran plans to manufacture $11 billion worth of products in the next two years to replace some imports and help contend with crippling U.S.-led sanctions. The Islamic Republic aims to produce electrical, automobile and telecommunications goods and double exports to 15 neighboring countries in order to reach a target value ...

Press TV - Iranian authorities say that Pride, a car model that has dominated the countrys market for more than two decades, will be dumped in early summer 2020 as reports emerge of a recession that has affected sales in the wider industry. The officialIRNA agency said in a Wednesday report that production by major Iranian car-makers had decreased ...

Financial Tribune - October 21 is traditionally marked as the National Day of Export in Iran by economic players from both public and private sectors. This years event, owing to its concurrence with the Arbaeen mourning ceremony, was put off to a later date by Minister of Industries, Mining and Trade Reza Rahmani. However, this has not prevented ...

Press TV - Irans minister of industries and trade says the country will spend nearly 300 million euros to build 200 large vessels as an ailing shipbuilding sector keeps growing only because foreign companies avoid offering services to the country due to the American sanctions. We have defined a target for construction of 200 cargo vessels as part ...

IRNA - Minister of Industry, Mining and Trade Reza Rahmani noted that there is a capacity needed to increase the volume of trade between Iran and Iraq to $20 billion by 2021. At the end of a signing ceremony of Memorandum of Understanding to establish dispute resolution councils in industrial, mining and commercial centers, Rahmani told reporters ...

Press TV - Irans minister of industry says imports of manufacturing goods, including machinery and equipment used in major production lines, would be down by $10 billion in 2021. Reza Rahmani said on Saturday that Iran has a comprehensive plan to deepen domestic manufacturing and to indigenize the countrys industrial needs. The comments come ...

Tehran Times - Irans Ministry of Industry, Mining and Trade has implemented several programs for promoting domestic production and increasing exports in the current Iranian calendar year. Coming under seven major axes, the ministrys programs mainly focus on developing and supporting domestic production as well as expanding exports to the neighboring ...