The Iranian capital hosted the first Alu-Tech Partnership Seminar last week with a focus on technological developments in the production of structural parts as well as in automotive industry.
Italy-based Alu-Tech Partnership is a pool of key companies in the field of die-casting and gravity casting, which have joined forces to provide services and expertise designed to make foundries more competitive, according to its website. More than 30 Iranian companies attended the seminar that took place from 25th to 26th May 2016 at the Olympic Hotel of Tehran, German B2B info portal Foundry Planet reported.
The Central Bank of Iran would maintain control over the country’s currency market despite the hostile attempts by the US and its allies, the bank’s governor said.
Tehran Auto Show 2019 opened its doors to journalists for a preview on Monday. The public can visit the Jan. 8-11 event being held in Shahr Aftab (Sun City) Exhibition Center in south Tehran.
A member of the Iranian parliament said the amount of petrodollars projected to be generated in the national budget bill would be sufficient to run the country.
Iranian Vice-President for Science and Technology Sorena Sattari said that the growth of IT start-ups in his country is unparalleled in the whole region, highlighting that the current administration is determined to strengthen knowledge-based economy.
Downtrend in Iranian domestic billet market still continue, resulting to downfall of domestic billet offers. There is less demand of finished steel as construction industry is down owing to US sanctions.
Iran, one of the major billet exporter in MENA region is currently facing economic sanctions from US, owing to which export of steel has been adversely affected. Recently, on 04 Nov’18, US imposed 2nd phase of sanctions targeting the banking, insurance and shipping industry, which has made the exports more difficult.