TEHRAN – The Islamic Revolution Guards Corps (IRGC) has received four military helicopters that were produced domestically, Deputy Defense Minister Qassem Taqizadeh announced on Monday.

TEHRAN – Tehran says London should stop selling arms to Saudi Arabia instead of accusing the Islamic Republic of being responsible for attacks on the Saudi oil facilities.

TEHRAN - Iranian Defense Minister Brigadier General Amir Hatami launched on Saturday production line for advanced military batteries.

Tehran hosts conference on boosting production via reviving small minesTEHRAN- A national conference on boosting production through reviving and developing small mines was held at Eram Hotel in Tehran on Tuesday, IRIB reported.
The conference was attended by Deputy Industry, Mining and Trade Minister Jafar Sarqini, Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Khodadad Gharibpour, a number of directors and experts in mining sector, entrepreneurs active in projects related to the small mines, and some economists who offered their suggested strategies for reviving the small mines in the country.
Attracting the government’s aids for operating small mines, and recognizing investors and investees for reviving these mines in line with materializing “Resistance Economy” were some objectives of the event.
Establishment of high-capacity industrial units recently in Iran indicates the need for the supply of more minerals as feedstock for these uni..

Over $6b of loans paid to SMEs, semi-finished projects in 3 monthsTEHRAN – Iran’s Ministry of Industry, Mining and Trade announced that in the first three months of the current Iranian calendar year (March 21-June 21), some 256.17 trillion rials (nearly $6.1 billion) worth of bank loans have been offered to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with an over 60 percent physical progress.
Over 37500 projects and production units received bank loans in the mentioned time span, IRNA reported on Monday.
Last week, the industry ministry released a report which indicated that banks and credit institutions provided both industrial and mining sectors with 300 trillion rials (about $7.14 billion) worth of loans in the first two months of the current Iranian year (March 21-May 21), registering a 41.5 percent rise year on year.
According to the data released by the Ministry of Industry, Mining and Trade, the total amount of loans offered to the country’s..