Iran and Vietnam to reach $2b export

Iran and Vietnam move towards free trade. In the 9th Joint Economic Commission Meeting between Iran and Vietnam in Tehran, the Minister of Industry and Mining, Mohammad Reza Nematzadeh, announced an agreement for preferential trade […]


High electricity users will be equipped by smart meters

The Tehran Electricity Distribution Company announced: 16,500 three-phase smart meters has been installed for high usage customers under the FAHAM Program. The FAHAM Program (National Smart Metering Program in Iran) is the first stage in […]


Every year, millions of pilgrims visit Mashad

The Governor of Khorasan Razavi Province, Alireze Rashidian, confirmed the construction of 100 rest stops on roads connecting the country’s borders to the holy city of Mashhad. This is being done with the help of […]


Arrival of new Airbus revives Iran Air

The second new Airbus, purchased after the lifting of sanctions, which is an Airbus A330-243, landed in Mehrabad International Airport on Saturday morning, March 11. During sanctions, the Iranian avionics industry suffered greatly. Abbas Akhundi, […]


Iran and Azerbaijan getting closer than ever

Iran and Azerbaijan seek to expand commercial relations. The presidents of the two countries have met seven times in the past three year. In the economic conference between Iran and Azerbaijan, the Minister of Economic […]

Week in Brief

Iran Economy in Brief – No. 57

Desalination capacities become more than twice by 2025 Downpour has significantly decreased over the last years and Iran seeks new sources for drinking water; in some areas for industrial uses as well. One solution is […]

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Desalination capacities become more than twice by 2025

The country’s capacity for water desalination will reach 1 million cubic-meters per day by 2025. Iran Water and Wastewater Engineering Company (IWWEC) places the current desalination capacity at 450 thousand cubic meters per day. Hamidreza […]