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0636 GMT June 22, 2021

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President Rouhani launches over 50 FTZ projects

President Rouhani launches over 50 FTZ projects
Iranian President Hassan Rouhani inaugurated 52 development projects worth over $14.7 billion in the country’s free trade and special economic zones on Monday.
Iran reports 8.8% growth in car output in two months to late May
Iran’s Ministry of Industry said car output in the country increased in the two months to late May as domestic manufacturers continued to dominate a local market where major international brands have almost no presence.
Minister estimates Iran lost $100b in crude revenues since 2018
Iran’s Oil Minister Bijan Namdar Zanganeh said the country has lost an estimated $100 billion in crude revenues since 2018 because of US sanctions that hampered sales and due to lower prices in international markets that was caused by the coronavirus pandemic.
Iran’s annual exports of cellulose products top $100m
Iran exported over $100 million worth of cellulose products in the previous Iranian year (ended on March 20), according to Deputy Industry, Mine, and Trade Minister Mehdi Sadeqi-Niaraki.
Bitcoin tumbles 10% in wake of strict China restrictions
Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China's expanding crackdown on bitcoin mining in thin liquidity for the losses.
Germany opens antitrust probe against Apple
Germany on Monday opened an investigation against Apple over anti-competition practices, as the iPhone maker became the fourth US tech giant to be hit by such probes.
Iran-Malaysia annual trade hits $370m: Official
Bilateral trade between Malaysia and Iran amounted to $370 million in 2020, said the first secretary and head of the chancery of the Malaysian Embassy in Tehran on Sunday.
Iran’s two-month exports to Syria up: TPO
The Trade Promotion Organization of Iran said exports from the country to Syria increased significantly in the two months to May 21.
Airlines, holiday companies ramp up pressure on Britain to ease travel rules
Britain’s airlines and holiday companies are planning a “day of action” on Wednesday to ramp up pressure on the government to ease travel restrictions, with just weeks to go before the start of the peak summer season.
Iran’s two-month copper cathode production up 16%
Iran produced 49,989 tons of copper cathode during the two months to May 21, which marks a 16 percent growth compared to the figure for the same period last year.

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