TEHRAN - Jamal Razaghi Jahromi, the head of the Iran-Oman Joint Chamber of Commerce, spoke to ILNA about the outcomes of the recent visit by the Minister of Industry, Mine, and Trade to Muscat. He stated that despite a strong political relationship between Iran and Oman over the past 70 years, trade between the two countries has not developed in parallel with political ties. Although trade value has grown by 42% to 60% annually over the past three years, the initial trade volume was minimal. The goal of reaching $5 billion in trade with Oman by 2024, as envisioned by the joint chamber, has not been achieved. It is now optimistically estimated that trade between the two countries will reach between $3 billion and $3.5 billion by the end of the year.

TEHRAN - Hassan Abbaszadeh made the remarks on Saturday during a ceremony to sign a cooperation agreement for the development of an AI assistant for the petrochemical industry.

Iranian Foreign Minister Abbas Araghchi has said that economic relations between Iran and Afghanistan are at an outstanding level, hoping that his visit to Kabul would pave the way for the expansion of the ties.

Iran’s President Masoud Pezeshkian has pledged that his government will work to eliminate any obstacles hindering the private sector in the country.

TEHRAN - The head of Iran’s Organization for Investment and Economic and Technical Assistance has announced the formation of special committees aimed at facilitating investment from Gulf, Eurasian, and neighboring countries.

TEHRAN - An online conference aimed at enhancing trade cooperation between Alborz province and Uzbekistan was recently held with the participation of the Iranian ambassador to Uzbekistan and Alborz's economic officials.

TEHRAN - Poya Firoozi, Vice President of the Iran-South Korea Joint Chamber of Commerce, spoke with ILNA regarding the current state of trade between the two countries. According to statistics released by South Korea's customs authorities, Iran's total exports to South Korea in 2024 amounted to $8.609 million. The joint chamber has also published the same figures; however, it is essential to note that Iran's customs data presents a significantly different figure. According to Iranian customs, Iran's exports to South Korea in the first nine months of 2024 amounted to approximately $63 million, while imports from South Korea stood at around $412 million.

TEHRAN - The Embassy of Pakistan in Tehran proudly participated in the Kish Expo 2025, showcasing the country's vibrant business development capabilities, rich cultural heritage, and diverse tourism opportunities. The event, held on Kish Island, provided a prominent platform for Pakistan to connect with international businesses and investors, fostering collaboration and promoting its economic growth potential.

Iran’s Minister of Economic Affairs and Finance, Abdolnasser Hemmati, has said that Iran’s export of non-oil commodities recorded an 18% growth in the first 10 months of the current Iranian calendar year, which began on March 20, 2024.

TEHRAN - The Oil Minister has emphasized the expansion of energy cooperation between Iran and the Republic of Azerbaijan, announcing the formation of a joint task force to oversee strategic and technical collaborations.