Today’s Highlights

The knowledge-based company ParsTech, after eight years of continuous effort, has fully localized the technology for producing tungsten and advanced metals, and today, as the sole manufacturer of this strategic product, it continues to keep the light of self-sufficiency burning in Iran’s advanced industries.

Despite limitations, Khouzestan Oxin Steel, through smart management of the challenges ahead, has not only overcome obstacles but has also achieved significant progress in producing strategic products and expanding its markets.

A memorandum of understanding aimed at developing joint cooperation in domestic, regional, and international markets was signed on the sidelines of the 22nd International Metallurgy Exhibition between Mobarakeh Steel Engineering Company and the Iranian Mines and Mining Industries Commercial Company.

A member of the Board of Directors of Central Bafgh Alloy Steel announced plans for the first melt and the launch of the first phase of this major project within the next 18 months, saying that the plan, which will create employment for 530 people directly and 5,000 indirectly, is targeting the markets of Europe and Central Asia.

The Purchasing Deputy of Khouzestan Steel said: “A thirtyfold increase in energy carrier prices and the excessive export of concentrate will create a serious challenge for production.”

Khouzestan Steel aims to capture regional markets with its three-pillar strategy.

While analysts are largely focused on the political and military implications of the upcoming meeting between Mohammed bin Salman and Donald Trump in Washington, Riyadh’s moves in “mining diplomacy” may signal the beginning of a new chapter in the global race for critical minerals—an arena that now influences everything from energy security to the strategic calculus of major powers, and one that directly affects the future of regional mining companies, including those in Iran

The 1,500-unit Faraja project was completed in just 190 days using steel structures. This project, fully designed and executed by Iranian engineers, is considered a new model in the country’s construction industry due to its 70 percent reduction in water consumption and its smart systems.

With its advanced port and logistics infrastructure, the Anzali Free Zone holds a special position in northern Iran’s transit network, and with its key role in the China–Kazakhstan–Iran corridor and the Eurasian Economic Union, it has opened new routes to European and Asian markets. This zone plays a central role in boosting Iran’s exports and expanding the country’s foreign trade.

In a society where the importance of contracts diminishes, the rule of law is weakened — and wherever the law is weakened, heavy costs will eventually be paid. No negligence in this regard comes without a price. These costs do not appear only in courts or international arbitration panels; if major national contracts are involved, they manifest in rising risk premiums, capital flight, weakened public trust, and the erosion of professional ethics.

On 1 November 2007, Pardis Petrochemical Complex launched its first production phase, marking a major step in Iran’s petrochemical industry. Established with the mission of supporting food security and sustainable development, the complex is now, after 18 years, recognized as the largest producer of ammonia and urea in the Middle East.

The new Android version of the Export Development Bank of Iran’s mobile banking app has been uploaded to the bank’s website.

On the third day of the Kish Bank, Stock Exchange and Insurance Exhibition (KISHINVEX 2025), a joint cooperation memorandum between IMIDRO Trading Company and Bank Refah Kargaran was signed by Dr. Laleh Gani, CEO of Bank Refah Kargaran, and Dr. Fazeli, CEO of IMIDRO Trading Company.

The cooperation memorandum between Bank Saderat Iran and Tavanir was renewed for the fourth consecutive year, in the presence of Mohsen Seyfi, CEO of Bank Saderat Iran, and Mostafa Rajabi Mashhadi, CEO of Tavanir, on the sidelines of the International Electricity Industry Exhibition.

In the new electric vehicle supply program, Melal Credit Institute, aiming to streamline the registration process and provide fast and reliable banking services, has enabled applicants to block the required amount of 5 billion rials from November 11 to 16, 2025, through Melal branches and the MetaBank platform.

The 12th International Exhibition of Stock Exchange, Banking, Insurance, Privatization, and Investment Opportunities — known as Kish Inox 1404 — commenced on November 10 on Kish Island. The opening ceremony, attended by Dr. Mohammad Javad Zarif, Dr. Reza Masroor, Secretary of the Supreme Council of Free Trade Zones, the Ambassador of Armenia to Iran, and senior executives of banks, insurance companies, and free economic zones, marked a significant milestone in advancing the country’s financial and economic cooperation.

In the age of digital transparency and expansive communication networks, organizations that continue to operate with outdated public relations (PR) methods and legacy managerial mindsets face a serious risk of global regression. Survival in the new world requires a paradigm shift from promotional PR to strategic PR, along with the adoption of transparent accountability by senior executives.

The rapid evolution of information technology and the expansion of the digital economy have fundamentally reshaped the landscape of global trade. In this context, free trade zones—which once relied primarily on physical infrastructure and geographical advantages—are now compelled to reinvent their role within the digital ecosystem.

Bandar Abbas Oil Refining Company succeeded in increasing its production by 8.3% in the first half of 1404 compared to the same period last year, while also more than quadrupling its net profit

During the consultative meeting between the Minister of Economic Affairs and Finance and economic stakeholders on Kish Island, the Secretary of the Supreme Council of Free and Special Economic Zones expressed his appreciation for the role of the private sector in the island’s development, stating:

“The investors present in Kish are true lovers of Iran and devoted to the prosperity of this land. Many of them could have chosen to invest elsewhere in the country, yet with passion and commitment, they remained in Kish and built this region into what it is today.”