The value of trade exchanges between Iran and the Eurasian Economic Union (EAEU) in the first seven months of the current Iranian calendar year (March 21-October 22) reached $4.258 billion, IRIB reported on Sunday, quoting an official with the Islamic Republic of Iran Customs Administration (IRICA).

The transport ministers and representatives of the member states of the Economic Cooperation Organization (ECO) signed a memorandum of understanding (MOU) on the creation of a new transport corridor from China to Europe via Iran, Turkey, Turkmenistan, and Uzbekistan in Tashkent on Thursday.

Iran and Iraq have stressed the need to use the national currencies of the two countries to enhance mutual trade relations, Mehr News Agency reported.

The International Monetary Fund (IMF), in its latest World Economic Outlook Report dubbed “Navigating Global Divergences”, has positively revised its forecast for Iran's gross domestic product (GDP) growth in 2023, expecting the country’s economy to grow 3.0 percent this year.

The spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters’ Union said that Iran’s oil production has increased to 3.4 million barrels per day (bpd), despite the U.S. sanctions aimed at curbing oil exports and the associated revenue to Iran’s government.

TEHRAN – On October 18-21, Tabriz hosted the 2nd International Tourism Exhibition as well as the 10th National Handicraft Exhibition which was organized by the Union of Tourism Associations of East Azarbaijan with collaboration with Cultural Heritage, Tourism and Handicrafts of East Azarbaijan and the event was aimed at promoting tourism and cultural and handicrafts of the province for attracting more tourists either domestic and foreign ones.

Iran and Russia are going to invest about $38 billion in the development of Trans Caspian shipping lines as part of the International North-South Transport Corridor (INSTC), Iran’s Maritime News Agency (MANA) reported.

The deputy managing director of Chabahar Free Zone Organization (CFZO) said that export from this zone rose 40 percent during the first six months of the current Iranian calendar year (March 21-Septemebr 22), as compared to the same period of time in the past year.

During a meeting with Iran’s First Vice President Mohammad Mokhber in Bishkek on Wednesday, Kyrgyz Prime Minister Akylbek Japarov requested Iran to help his country build power plant and refinery.

The export of Iran’s sponge iron increased by 180 percent during the first six months of the current Iranian calendar year (March 21-September 22), as compared to the same period of time in the past year, the Iranian Steel Producers Association (ISPA) announced.