TEHRAN - The Vice President of the Iran Chamber of Commerce has proposed the establishment of export consortia based on small and medium-sized enterprises (SMEs) in the industrial province of Qazvin, aiming to boost the region’s economic potential.

TEHRAN - Iran’s dairy industry, a key player in the nation’s food sector and daily diet, is facing a mix of opportunities and challenges — from electricity outages and tight competition to significant export growth. According to Mohammad Farbod, spokesperson for the Iranian Dairy Products Industries Association, the sector has maintained full domestic supply while expanding its international reach.

TEHRAN - The Deputy Director for Operations and Support at the Pars Oil and Gas Company announced that major overhauls on 16 offshore gas platforms in the South Pars field have been completed this year, with work on one more currently underway. The remaining platforms are scheduled for completion by the end of October.

TEHRAN - Financial Intelligence Center has confirmed that the Financial Action Task Force (FATF) has officially invited the head of the center to participate in in-person negotiations — the first such direct engagement in six years. The move follows recent steps by Tehran to address international concerns over money laundering and terrorism financing.

TEHRAN - Iran’s Trade Promotion Organization (TPO) announced a 22% rise in exports to Eurasian Economic Union (EAEU) member states during the spring of this year. In response to recent speculation regarding the import of pets such as cats and dogs from Eurasia, the organization clarified that non-essential goods do not appear among Iran’s primary imports from these countries.

TEHRAN - In a pivotal meeting with digital economy stakeholders, Iran’s Minister of Economic Affairs and Finance, Seyed Ali Madanizadeh, emphasized that the digital economy holds the key to overcoming the limitations of Iran’s traditional economic structure and revitalizing the country’s overall economy.

Iran’s economy grew by 1.4% in the first two months of the current Iranian calendar year, according to a report by the Parliament Research Center.

TEHRAN - ran currently enjoys a favorable trade balance with Pakistan, exporting goods at a rate 3.5 times greater than its imports from the neighboring country, according to Iranian trade officials. The deepening of economic ties is expected to be a major topic during President Masoud Pezeshkian's official visit to Islamabad, his first bilateral foreign trip since Israel’s recent 12-day military campaign against Iran.

TEHRAN - Minister of Agriculture, Gholamreza Nouri Ghezeljeh, announced a $2 billion target for expanding agricultural trade between Iran and China, on the sidelines of the 10th Meeting of Agriculture Ministers of Shanghai Cooperation Organization (SCO) member states.

Iran’s Energy Ministry is completing a massive project to transfer water from a dam located more than 140 kilometers to the northwest of Tehran to the capital city amid efforts to ease water shortage in the region.