Economic

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.

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.

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

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.

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.

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.