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Iran Banking Leaders Push Coordination
Foresight as Global Financial Risks Mount
In Tehran, Iran’s banking leaders are calling for closer coordination and sharper foresight as global financial conditions evolve rapidly.
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Iran Economy Contracts 10% in Spring
Iran’s economy shrank by more than 10% year-on-year in the first quarter of the current Iranian year (March–June 2026), according to economic growth data reviewed by Donya-e-Eqtesad newspaper, as disruptions to oil exports weighed heavily on the economy.
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:End of the unipolar order
Sino-Russian vetoes deal a blow to US Iran sanctions push
TEHRAN – The United Nations Security Council on Thursday failed to adopt a US-drafted resolution that would have extended the mandate of a panel of experts monitoring sanctions on Iran, after China and Russia vetoed the measure.
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Qalibaf:
US plot along Iran’s western border thwarted
TEHRAN — Iran’s Parliament Speaker Mohammad Baqer Qalibaf said on Tuesday that a US attempt to launch security and military operations against Iran from Iraq’s Kurdistan Region during the 40-day war had been thwarted through cooperation with Iran’s partners in the region and a timely response by the Iranian armed forces.
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Pezeshkian pursues wider economic ties and financial alternatives on BRICS sidelines
TEHRAN- Iranian President Masoud Pezeshkian has used his participation in the BRICS summit in New Delhi to intensify bilateral diplomacy with key members of the grouping, holding a series of meetings with the leaders of India, Malaysia, Ethiopia and the United Arab Emirates as Tehran seeks to expand trade ties and promote financial mechanisms less vulnerable to Western pressure.
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CBI chief downplays US economic collapse remarks as psy-war
Iran has enough foreign currency and will not face an economic collapse, Central Bank of Iran (CBI) Governor Abdolnasser Hemmati said on Tuesday, dismissing fresh US economic pressure on the country as psychological warfare.
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Iran, Kyrgyzstan review proposal for joint oil refinery construction
TEHRAN – In a significant move toward deepening energy and economic ties, Iran and Kyrgyzstan have agreed to jointly review a proposal for the construction of an oil refinery in Kyrgyzstan. The announcement came on the sidelines of the Shanghai Cooperation Organization (SCO) and Shanghai-Plus summit held in Kyrgyzstan on Monday.
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: energy minister
Government's policy is directing electricity toward productive economic activities
EHRAN- The Minister of Energy stated that the policy of the 14th government is to direct electricity toward productive economic activities, and said: "Supplying electricity to industries with the aim of developing GDP and creating economic value is among the government's programs in the energy sector."
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Drilling of wells in joint Balal field enters new phase
TEHRAN- The project manager of the joint Balal gas field development plan announced the completion of drilling for two wells in the field, stating that upon its commissioning, Iran's daily gas production capacity will increase by approximately 14 million cubic meters, offsetting part of the country's gas imbalance.
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Iran’s Largest Steelmaker Advances Circular Economy with AI-Driven Waste Atlas
Iran’s leading steel producer, Mobarakeh Steel Company, is advancing a circular economy initiative to turn industrial waste into a strategic resource through a comprehensive waste atlas and an integrated digital platform.
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From Waste Management to Material Cycle Management:
Mobarakeh Steel’s Path in the Circular Economy
Mobarakeh Steel has moved beyond the traditional view of waste, advancing toward material cycle management—a path where scrap returns to production, slag is converted into infrastructure, and byproducts shift from an operational cost into an opportunity for creating economic and environmental value.
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Steel, the Narrator of Life
How Mobarakeh Steel Became the Savior of Thousands of Human Lives Through Proactive Investment
In an industry where everything is measured by tonnage, megawatts, percentages, capacities, and records, perhaps the most critical figures are those never recorded on any production line: the number of human lives that can be seen sooner, diagnosed earlier, and perhaps saved in time.
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Iran urges deeper EAEU ties, offers trade, energy capacity
Iran called for deeper economic engagement with the Eurasian Economic Union (EAEU) on Friday and offered to leverage its trade and energy capabilities both bilaterally and within the bloc, while urging full implementation of a free trade agreement and closer financial and transport ties.
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Iran seeks greater industrial cooperation with BRICS bloc
Iran said on Thursday it was ready to expand project-based industrial cooperation with BRICS members in strategic sectors including steel, mining, petrochemicals, machinery, pharmaceuticals, medical equipment and knowledge-based industries, as the bloc's industry ministers met in Jaipur, India.
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Iran’s electricity industry transitioning to advanced models
The managing director of Iran's Power Generation, Transmission, and Distribution Management Company (Tavanir) said: The country's electricity industry is transitioning from traditional models to advanced and resilient ones in critical and sensitive conditions.
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‘Shifting export track from raw material sales to finished goods, a necessity’
The Head of the Trade Promotion Organization of Iran (TPO), during a meeting with representatives and the board of directors of the Iran Guilds Chamber, announced the formulation of a new roadmap for a leap in non-oil exports and emphasized the strategic necessity of transitioning from raw and semi-raw material exports to high-value-added finished goods.
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Iran eyes return to global top 10 steel producers by March, WSA data show
Iran is expected to return to the world's top 10 steel producers by March as reconstruction of damaged production units progresses and output gradually increases, despite slipping out of the latest World Steel Association (worldsteel) rankings, according to industry reports.
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Stability in an Era of Industrial Storms: Mobarakeh Steel’s Story of Sustained Excellence
As global steel markets grapple with unprecedented volatility and geopolitical uncertainties, Mobarakeh Steel Group’s score of 730 in the 23rd National Organizational Excellence Award represents far more than a domestic achievement. This score has drawn a new frontier in corporate governance and made the company the sole member of Iran’s “700-point club” — a position that reflects a significant gap between Mobarakeh Steel and much of the industry in terms of excellence, governance, and organizational maturity.
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TPO plans to review regulations to remove barriers to production, trade
The head of Iran's Trade Promotion Organization (TPO), while emphasizing the need for continued interaction between the government and the private sector and the improvement of business processes, announced the organization's plan to amend and review trade-related regulations, remove domestic obstacles, and strengthen trade guarantee infrastructure with private sector participation.
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Green Resurrection in the Body of Steel: How Mobarakeh Steel Recreates the Narrative of the Great Transition in Sustainable Development
Aligning with global ESG criteria, Mobarakeh Steel is transforming its operations to lead sustainable development and low-carbon manufacturing. By integrating urban wastewater recycling, expanding solar and wind energy, and benchmarking global leaders like Tata Steel in R&D, the company has reduced its environmental footprint while fostering social impact. Through hydrogen reduction, circular economy processes, and digital transformation, Mobarakeh Steel demonstrates that industrial growth can coexist with ecological responsibility and global competitiveness.
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Green Brand: Mobarakeh Steel’s Winning Card in the World
Shifting from 20th-century mass production models, Mobarakeh Steel embraces green wisdom and ecological sustainability as a strategic core in the Middle East. Producing 10.29 million tons annually and surpassing European competitors, the company utilizes the DRI-EAF route to significantly lower CO2 intensity to 1.66 tons per ton of steel. Through major investments in renewable energy, circular economy processes, and ISO-certified transparency, Mobarakeh Steel redefines steelmaking into a sustainable, future-oriented enterprise.
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NDF allocates $2b in foreign currency to boost border region trade
The head of the National Development Fund(NDF), pointing to the government's strategic outlook on border areas, announced the allocation of $2 billion in foreign currency resources to support foreign trade in these regions.
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Iran Revives 1,200 Inactive Mines to Attract Private Investment
The spokesperson of the Ministry of Industry, Mining and Trade announced the reactivation of 1,200 inactive mines in the country and said: By delegating part of the headquarters' authorities to the provinces, shortening administrative processes, and offering investment packages, the ground has been prepared for a broader presence of the private sector in the mining sector.
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Iran could become sixth-largest steel producer with policy reforms, industry chief says
Iran has the potential to become the world's sixth-largest steel producer if policy reforms are implemented, the head of the Iranian Steel Producers Association said, citing the country's untapped production capacity despite energy shortages and recent war-related damage.
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Pezeshkian: Diplomatic apparatus will never compromise on the nation's rights
Iranian President Masoud Pezeshkian said on Tuesday that Tehran will not compromise on the nation's rights in ongoing diplomatic efforts.
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Iran celebrates national industry, mining day with vows of unity, resilience
The ceremony for the National Day of Industry and Mining was held on the morning of Tuesday, July 21, 2026, at the IRIB Conference Center, attended by President Masoud Pezeshkian, the minister of industry, mining and trade, and a group of industrialists, enterprises, entrepreneurs, and representatives of industrial associations.
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From Crisis to Transformation: How Mobarakeh Steel Built a New Model of Industrial Resilience and Technological Sovereignty
Mobarakeh Steel Complex has successfully navigated a period of "liminality" caused by global crises and sanctions, transforming from a technology consumer into a self-reliant creator of high-tech industrial solutions. Through strategic localization, deep reliance on human capital, and synergy with knowledge-based companies, the organization elevated its technological baseline and established industrial sovereignty. Today, Mobarakeh Steel stands as a global model of active resilience and knowledge-driven authority, ready to engage in equal international partnerships.
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The Alchemy of Awareness in the Furnaces of Mobarakeh Steel
Mobarakeh Steel Complex redefines industry by transcending basic output metrics and treating steel as a product of collective awareness and intuition. Beyond a manufacturing facility, the complex functions as a living university where human experience, continuous learning, and resilience shape both material and national identity. In the face of economic challenges and sanctions, it demonstrates how human knowledge and spirit can triumph over matter, serving as an educational legacy for future generations.
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official: Developing trade with Africa depends on market understanding
The Director General of Africa Desk at the Ministry of Foreign Affairs emphasized the development of trade diplomacy between Iran and Africa and stated: "Cooperation priorities are determined based on indicators such as economic capacities, mutual needs, the level of political relations, the potential for developing trade and investment cooperation, and the readiness of the other party to expand relations."