Iranian lawmakers finalized the budget bill for the upcoming new Iranian year (to start March 21) after several sessions and debates on Sunday.
Parliament wraps up budget bill discussions
Iran produced 250,186 tons of tires during the 11 months to February 18, registering an 18 percent growth compared to the figure for the same period last year.
Iran’s 11-month tire production up 18%
The Iran Mercantile Exchange (IME) announced that 939,318 tons of commodities, valued at over $512 million, were traded in its domestic trading and export halls in the week ending March 5.
IME weekly trade surpasses $512m
Iran picked up a location just outside the Persian Gulf for its plans to build a megaport in southern waters as the country aims to significantly increase seaborne trade to help diversify the economy and boost jobs in its mining and manufacturing sectors.
Iran picks desert coast outside Strait of Hormuz for megaport project
The managing director of Petropars Company, which is in charge of developing Phase 11 of Iran’s South Pars Gas Field in the Persian Gulf, said the firm has conducted nearly 4,180 meters of drilling in this phase despite unstable winter weather conditions.
Nearly 4,200m of drillings carried out in SP Phase 11
New Delhi expects to start full-scale operations at Iran’s Chabahar port by the end of May, India’s Ports and Shipping Minister Mansukh Mandaviya said.
Indian minister due in Iran in May to start full-scale operations in Chabahar
The Iranian Free Zones High Council deputy secretary-general for economic affairs said President Hassan Rouhani will inaugurate 50 projects worth 7.1 trillion rials (about $170.2 million) in the country’s seven major free trade zones (FTZs) by March 20.
Rouhani to inaugurate 50 projects in FTZs in next two weeks: Official
Iran plans to develop the compressed natural gas (CNG) industry which will help saving $14b in five years, said the managing director of National Iranian Oil Refining and Distribution Company (NIORDC).
Iran’s CNG industry development to help save $14b in five years: NIORDC
Iran and Pakistan held an online meeting to discuss issues related to developing border trade and reached an agreement to establish their first joint border market, said a deputy head of the Iranian Trade Promotion Organization (TPO).
Tehran, Islamabad discuss joint border market establishment
A sum of 450 schools, mosques and cultural centers constructed by the Execution of Imam Khomeini’s Order (EIKO) were inaugurated in a ceremony attended by Ayatollah Mohammad Mohammadi-Golpayegani, the chief of staff of the Leader, Mohammad Mokhber, the head of the EIKO and Mohsen Haji-Mirzaei, the minister of education in Tehran on Saturday.
EIKO inaugurates 450 projects in Tehran

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