Business

TEHRAN: Margon Cement Manufacturing Company in Kohkilouyeh-Boyerahmad province in Southwestern Iran exports 50 percent of its output to the Persian Gulf states and North Africa, a provincial official said. “50 percent of the products will be exported to Iraq, Kuwait as well as North Africa.” Peiman Hajian said on Sunday. …

TEHRAN: Iran’s Drilling Company International (DCI) announced the redesign and upgrade of the DCI-1 drilling control and protection system by the company’s experts. “Rack Phase Difference (RPD) protection and control system to compensate for the weakness in the control and protection system of the drilling rigs was redesigned and upgraded …

TEHRAN: Secretary of Syndicate of Steel Pipe and Profile Manufacturers said that Iran’s pipe and profile industry has the capacity of exporting $1billion worth of these products to other countries. Amir Hossein Kaveh made the remarks on Monday in an interview with IRNA and said, “today, supply of steel sheets …

TEHRAN: Deputy Head of Executive Headquarters of Imam’s Directive Abdul Ali Saheb Mohammadi said that the largest factory for making masks in West Asia has been launched in Iran with a capacity of producing 4 million masks per day, adding that the country is also able to produce 250,000 liters …

The US State Department said on Friday that Taiwan had requested to buy an estimated $620 million upgrade package for its Patriot missiles “in order to support an operational life of 30 years.” The Department said Lockheed Martin would be the main contractor and explicitly announced that the sale would …

TEHRAN:The official statistics of the Ministry of Industry, Mine and Trade showed that 216,841 passenger cars were produced by domestic car manufacturing companies in the first three months of the current year (from March 21 to June Another statistic indicated that car production registered an 8.7 percent growth as compared …

TEHRAN: The caretaker of the Ministry of Industry, Mines, and Trade said that Chabahar Port will soon become the third commercial hub of Iran due to its infrastructure, capacities, and strategic position. Chabahar has a good opportunity for the transit of goods and exports so all processes must be facilitated …

TEHRAN: Iranian Energy Minister Reza Ardakanian said that the country inaugurated 227 water and electricity projects in the second half of the last Iranian year (ended on March 19). “We started in the middle of last year and we promised our people that during six months we are going to …

South Korea has agreed to release a part of funds belonging to Iran and frozen in the country’s banks under pressure from the United States, says a businessman leading trade between the two countries. Hossein Tanhayi, who chairs Iran-South Korea Joint Chamber of Commerce, said on Tuesday that the two …

TEHRAN: Iranian Oil Minister Bijan Zangeneh underlined that Washington has been unable to bring the Islamic Republic’s energy and oil activities to a halt despite unilateral sanctions imposed on the country. “We have managed to overome the US sanctions and engage in our oil trade activities,” Zangeneh said. He, meantime, …