TEHRAN - According to a joint report by the Iran-South Korea Chamber of Commerce, Iran's non-oil exports to South Korea surged 180% in 2024, reaching $8.609 million, while South Korea's exports to Iran fell by 11% to $142.631 million.

Russia’s second largest bank, VTB, has said it is scheduled to convert its Tehran office into a branch.

TEHRAN - The Commercial Counselor of the Islamic Republic of Iran in Afghanistan announced an 84% increase in trade and commercial exchanges between Iran and Afghanistan in 2024 compared to 2023, highlighting the ongoing growth in bilateral trade over the past two years.

TEHRAN - A 20-year strategic agreement between Iran and the Russian Federation was signed on Friday, January 18, during a visit by Iran's president to Russia. The treaty is aimed at enhancing bilateral economic relations and includes a range of initiatives to boost joint investments, facilitate banking relations, support national currency transactions, and foster cooperation in the transportation and energy sectors. It also establishes a customs corridor for smoother trade between the two countries.

TEHRAN - In recent weeks, reports of foreign companies, such as Saudi Arabia's Savola Group, the UAE's Majid Al Futtaim, and the European company LLC, exiting the Iranian market have raised concerns. While some view these departures as indicative of Iran's struggles in retaining foreign investment, Hossein Salimi, head of the Iranian-Foreign Joint Investment Association (IFJIA), dismissed such claims in an interview with ILNA.

TEHRAN - The Iranian Chamber of Commerce has voiced its support for the government’s logical and principled policies, particularly under the 14th administration, emphasizing the positive economic outcomes of resolving the Financial Action Task Force (FATF) issue and expressing its readiness to collaborate with the government. This has led to significant developments in this area.

Iran, Tajikistan Sign 13 Cooperation Agreements TEHRAN (Iran News) TEHRAN – In a significant step toward strengthening trade and economic ties, 13 cooperation agreements were signed between Iranian and Tajik businesses during a recent high-level Iranian business delegation visit to Tajikistan. The agreements were signed following a meeting between the Presidents of Iran and Tajikistan, as […]

Governor of the Central Bank of Iran (CBI) Mohammad-Reza Farzin announced that the monetary agreement between Iran and Russia has become operational.

TEHRAN – During the meeting of Iranian and Tajikistani economic leaders, the President of Iran's Chamber of Commerce, Samad Hassanzadeh, emphasized the extensive shared heritage between Iran and Tajikistan. He highlighted opportunities to expand bilateral cooperation in petrochemical industries, oil, gas, medical equipment, healthcare, and tourism sectors.

TEHRAN - A consultative meeting introducing the Iran-Italy Joint Chamber of Commerce was held with the participation of its board members, the president, vice president, the deputy of international affairs of the Iran Chamber of Commerce, and the European director from the international department. The session aimed to explore opportunities, challenges, and future plans to enhance economic cooperation between Iran and Italy.