TEHRAN - Iran has officially requested the suspension of the United States and Israel from the Financial Action Task Force (FATF), citing what it describes as "clear violations of international treaties" and disregard for the core objectives and standards of the global financial watchdog.

TEHRAN - The Minister of Economic and Financial Affairs announced a significant rise in the import of essential goods, highlighting a 53% increase over the past week.

TEHRAN - In the wake of heightened regional tensions and the recent escalation of hostilities between Iran and Israel, Iranian industrial and economic leaders have voiced unwavering support for the Supreme Leader and pledged full commitment to safeguarding the nation’s interests.

TEHRAN - The Minister of Agriculture Jihad announced that the supply of essential goods is in a good state, and necessary measures have been taken to ensure availability for the public, especially travelers during the month of Muharram.

TEHRAN - The Secretary-General of the Iran-Iraq Joint Chamber of Commerce announced that trade between Iran and Iraq remains stable and uninterrupted, despite the recent escalation of tensions between Iran and the Israeli regime.

TEHRAN - An Iranian economic expert has warned that the absence of a comprehensive export strategy is leading to the loss of global markets to foreign competitors. According to Seyyed Taha Hossein Madani, head of the Smart Governance Think Tank, both domestic producers and exporters face significant challenges due to the lack of an "Export Atlas"—a strategic guide detailing potential foreign markets and trade data.

TEHRAN - The head of Tehran's Chamber of Commerce, Industries, Mines, and Agriculture stated on Tuesday that countries like Afghanistan, China, and Turkey have become serious competitors to Iran in the carpet industry — even going so far as to hire skilled Iranian weavers to produce carpets. He called this "an ultimate injustice" to the Iranian people.

TEHRAN - Iran's economy continues to tread a fine line between stagnation and contraction, according to the latest findings from the Purchasing Managers’ Index (PMI), known locally as "Shamkh." The May 2025 report signals a deepening downturn in the industrial sector and ongoing uncertainty for businesses across the board.

TEHRAN - The head of the Strategic Council at Iran’s National Carpet Center has criticized the current state of Iran’s carpet industry, calling the $40 million in exports—a figure that belies the industry’s deep historical roots and employment potential—a catastrophe. He warned about the confiscation of Iranian traders’ assets in Europe and the indifference of decision-making structures, calling for an end to government monopoly and genuine private sector participation.

TEHRAN - Akbar Gdari, Director General of the Central Asia, Russia, and Caucasus Department at Iran's Organization for Trade Development, highlighted significant changes in Iran’s export structure to Russia, emphasizing mutual acceptance of standards from both countries. He announced that Iran’s exports to Russia have seen remarkable growth over the past three years.