TEHRAN - Iran incurs an estimated annual loss of $20 billion due to its non-membership in the Financial Action Task Force (FATF), according to Hossein Salimi, Chairman of the Iranian and Foreign Joint Investment Association. Speaking with ILNA News Agency, Salimi stressed that joining the global financial watchdog is crucial for Iran’s economic recovery and access to international credit.

TEHRAN - In a significant diplomatic development, Iran’s Minister of Cultural Heritage, Tourism and Handicrafts, Seyyed Reza Salehi Amiri, announced a new era of strategic cooperation between Iran and Egypt in the field of tourism, marking a turning point in bilateral relations between the two historically and culturally rich nations.

TEHRAN - The Vice President of Iran’s Chamber of Commerce emphasized the urgent need to improve banking, logistics, and transportation systems as prerequisites for enhancing trade relations between Iran and Turkmenistan.

TEHRAN - The President of Iran’s Chamber of Commerce has extended an official invitation to Sweden to revive joint investment initiatives in Iran’s automotive and electricity sectors, citing opportunities in non-sanctioned industries and promising government guarantees for foreign investments.

TEHRAN - The head of the Trade Development Research Institute at the Institute for Trade Studies and Research has warned that recent global tariff tensions and China’s excess industrial capacity could pose a serious threat to consumer markets in the Middle East, particularly Iran’s export market to Iraq.

TEHRAN - Mohammad Taheri, President of the Iran-Spain Joint Chamber of Commerce, emphasizes the internal and external barriers to expanding exports to Spain, noting that addressing these challenges could lead to a promising future in bilateral relations.

TEHRAN - Centers, organizations, companies, and key figures in the information and communication technology (ICT) and artificial intelligence (AI) sectors across Iran and the region have emphasized the importance of hosting KITEX 2025 with increased grandeur, citing the critical role AI will play in the future of the world.

TEHRAN - The Managing Director of Iran's National Petrochemical Company (NPC), Hassan Abbaszadeh, announced on Wednesday that the country’s petrochemical production capacity is expected to hit 105 million tons by the end of the Iranian calendar year 1404 (March 2026). Export volumes are forecasted at 34.8 million tons, generating approximately $13.6 billion in revenue.

TEHRAN - Iran and Niger signed a joint cooperation agreement during the third session of their Joint Economic Commission, held on the sidelines of the 7th Iran Expo 2025 in Tehran.

TEHRAN - In a high-level meeting between Qadir Qiafeh, Vice President of the Iran Chamber of Commerce, and Aurelian Gogulescu, Vice President of the Romanian Chamber of Commerce, both sides emphasized the urgent need to enhance bilateral economic relations, noting that current trade volumes fall far short of the potential capacities of the two nations.