Iran’s communications and information technology minister said four Iranian companies will produce two million mobile phones a year within the next two years to fill a gap created in the market as a result of the American sanctions.
Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) held a meeting on Saturday to discuss issues regarding the promotion of domestic production and removing barriers in the way of foreign trade.
The Russian Central Bank’s gold bullion stockpile continued its record growth this year, climbing to well over 2,600 tons, as the country continues its push to steer its international reserves away from the dollar.
US aviation company Boeing may cut production of the grounded 737 Max jet or temporarily stop making it after being told that its timetable for a return to the skies was not realistic, according to a published report Sunday.
Iran increased production of various types of steel including the crude steel, between late March and late November this year compared to the similar period in 2018, despite sanctions imposed by the United States that have specifically targeted Iran’s production and trade.
Honey production in the northern Iranian province of Mazandaran since March 2019 has grown by five percent, compared to the figure for the same period last year, said the deputy head of the provincial Agricultural Jihad Organization.
Iran’s copper sector seeks massive expansion of activities in an industrial province northwest of the country as it eyes more exports to Turkey where demand for the precious metal is expected to surge in the coming years.