TEHRAN - The Governor of Tehran Province said that migrant populations returned to their home countries in full compliance with legal and religious regulations and with respect for human dignity. He noted that following their departure, more than 3,000 classrooms were freed during the current academic year, and there have also been positive effects on water and electricity consumption, housing supply, and a reduction in rental prices.

TEHRAN - The Governor of the Central Bank of Iran has outlined the institution’s new strategy for managing the country’s foreign exchange policies, reporting a significant reduction in currency market volatility following the unification of exchange rates. He said that over the past two weeks, the commercial foreign exchange market has shifted from a $500 million demand surplus to a $70 million supply surplus.

TEHRAN - Iran and Russia have set an ambitious goal to increase the volume of bilateral trade to more than $10 billion within the next two years, according to the head of the Iran–Russia Joint Chamber of Commerce, who says current trade levels fall short of the two countries’ political alignment and economic potential.

TEHRAN - Despite the rich tourism potential shared by Iran and Vietnam, the lack of direct flights and limited cultural familiarity between the two nations remain major obstacles to the development of bilateral tourism exchanges, Vietnam’s ambassador to Iran said.

TEHRAN - Iran is preparing for a structured, project-focused, and outcome-oriented participation at the upcoming Eurasia Summit, a move aimed at expanding the country’s exports of technical and engineering services, according to Ali Naghavi, Head of the Technical and Engineering Services Commission of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).

TEHRAN - The Minister of Agriculture Jihad said that the preferential exchange rate policy was anti-production, adding that with a change in approach, subsidies in this sector will now be delivered directly to the people.

TEHRAN - The Chief Executive Officer of the Islamic Republic of Iran Railways (RAI) announced a 12 percent increase in rail-based freight transport during the first eight months of the current Iranian year, highlighting the growing role of rail transport in expanding exports, particularly to Afghanistan.

TEHRAN - A member of the board of directors of the Iranian Footwear Industry Association said Iran’s footwear exports amounted to $120 million last year, adding that exports have declined by 20 percent so far this year compared to the same period last year.

TEHRAN - The Deputy Minister of Cooperatives, Labour and Social Welfare and Head of Iran’s Technical and Vocational Training Organization (TVTO) has said that one of the main causes of unemployment in the country is the lack of specialized skills aligned with labor market needs, stressing that expanding targeted skills training can play a key role in reducing unemployment and creating sustainable jobs.

TEHRAN - The head of Iran’s House of Mines said that achieving economic development is not possible without effective support from the judiciary, stressing that a supportive approach by the Judicial Branch is essential to ensuring investment security and peace of mind for managers in the mining sector.