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.

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.

TEHRAN - The head of the International Affairs Center of Iran's Ministry of Roads and Urban Development announced at the 16th Joint Economic Commission meeting between Iran and Azerbaijan that trade between the two countries reached $580 million in 2024, reflecting a 20% increase from $480 million in 2023.

TEHRAN - The Minister of Energy and the Deputy Prime Minister of Azerbaijan have agreed on developing electric connectivity routes and practical implementation methods.

TEHRAN - Davood Madadi, Chairman of the Board of the Renewable Energy Association of Iran and Vice President of the Iranian Electricity Industry Federation, emphasized the fundamental role of energy in driving the country’s economy. He stated: "Without electricity, industry cannot function, and the economy cannot progress as planned." It was anticipated that Iran would see an 8% economic growth this year, yet reported figures are around 2.4% to 2.3%. He also pointed out that the country is grappling with a deficit of fossil resources, essential for electricity generation.