Exciting News from Iran: Trade, Steel Production, and Railway Development
IRAN DAILY
Iran has seen a significant increase in its crude steel production, with a 9.1% growth in the first five months of 2024 compared to the previous year. The country now ranks ninth among steel-producing nations. Additionally, Lahore recently hosted a meeting to explore ways to boost trade between Tehran and Islamabad to $10 billion, a goal set during a previous visit by Iranian President Ebrahim Raisi. Trade between Iran and China has also been strong, nearing $6 billion in the first five months of 2024.
KAYHAN INTERNATIONAL
Iran and Russia recently inaugurated the Rasht-Caspian railway, a vital part of the International North-South Transport Corridor. On the economic front, sales of electric vehicles have seen a recent decline across Europe, while Iran’s economic growth rate has surpassed that of many regional countries.
TEHRAN TIMES
Iran’s acting president opened a major railway in northern Iran, connecting Rasht to the Caspian Sea. Iranian knowledge-based companies are also set to participate in an IT exhibition in Turkey, showcasing their innovations to a global audience.
Overall, these developments highlight Iran’s growing economic and infrastructural progress on the international stage.