Iran and Afghanistan Strengthen Economic Ties Through Regional Cooperation
TEHRAN - In a key regional summit held between Iranian and Afghan economic authorities in Mashhad, senior officials underscored the importance of deepening economic collaboration between Iran’s Khorasan Razavi province and Afghanistan’s Herat province. The shared goal: fostering development, boosting trade, and ensuring long-term regional stability.
Iran Ranks 64th Globally in Railway Network Development
TEHRAN - Iran ranks 64th in the world in railway network development, according to Mohammadreza Rezaei Kouchi, head of the Iranian Parliament's Civil Commission. Speaking at a private sector investment ceremony in the country's passenger rail industry, Kouchi emphasized the need for a more strategic focus on expanding the rail sector as part of Iran’s broader economic and infrastructure goals.
ICCIMA President Proposes Formation of Special Economic Measures Taskforce
TEHRAN - In a significant policy proposal at a recent meeting of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), its President, Samad Hassanzadeh, called for the establishment of a Special Economic Measures Taskforce, led by the Government-Private Sector Dialogue Council, to address the country’s economic challenges amid ongoing conflict and international sanctions.
Iran’s Travel Agencies Suffer $5m Loss From 12-Day War
TEHRAN - The head of Iran's Travel Agencies Association has announced that Iranian travel service offices have sustained over 20 trillion rials (approximately $50m) in losses due to the 12-day war, following widespread trip cancellations. The agencies are now also indebted to numerous travelers who had prepaid for domestic and international flight tickets and hotel bookings.
Widespread Smuggling of Afghan Carpets into Iran
TEHRAN - The head of the Carpet, Arts, and Handicrafts Commission at Iran’s Chamber of Commerce has raised the alarm over the extensive smuggling of Afghan carpets into Iran, calling it one of the major challenges facing the industry today.
Russia Supports Iran’s Membership in the BRICS New Development Bank
TEHRAN - The Deputy Minister of Finance of Russia announced the country's support for the Islamic Republic of Iran’s membership in the BRICS New Development Bank.
Potential for 30–40% Growth in Iran’s Mining and Mineral Industries Exports
TEHRAN - The head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that, given Iran’s geographic location and existing production capacity in the mining and mineral industries sector, the country could increase its exports by 30–40%.
Iran’s Auto Parts Industry on Brink of Collapse; 400,000 Jobs at Risk
TEHRAN - Iran’s auto parts industry is facing an unprecedented crisis that threatens the jobs of nearly 400,000 workers and could severely strain the country’s social security system, warned representatives from the Iranian Auto Parts Manufacturers Association during a press conference held in Tehran.
First Meeting of Iran’s Economic Dialogue Council Held With New Economy Minister
TEHRAN - In his first official appearance at the Government–Private Sector Dialogue Council, Iran’s new Minister of Economic Affairs and Finance, Ali Madanizadeh, outlined his ministry’s top priority: strengthening the real private sector and increasing public participation in the national economy.
53m Tons of Goods Handled at Iran’s Ports in Spring 2025
TEHRAN - Iran’s ports managed by the Ports and Maritime Organization handled a total of 53 million tons of goods during the first quarter of the year 1404 in the Iranian calendar (spring 2025). The volume of container operations during this period reached 750,000 TEU.