Saturday, 22 March , 2025
  • Iran to Expand Shipping Lines to West and Southwest Africa 17 Mar 2025

    Iran to Expand Shipping Lines to West and Southwest Africa

    TEHRAN - Iran is set to bolster its maritime trade links with West and Southwest Africa, following a decision by the Africa Committee chaired by the First Vice President, according to Mohammadreza Safari, Acting Director General for Africa at Iran’s Trade Promotion Organization (TPO). This move aims to enhance Iran’s economic footprint on the continent, building on existing shipping routes and trade relationships.

Iran FM calls for expansion of economic ties with Afghanistan 26 Jan 2025

Iran FM calls for expansion of economic ties with Afghanistan

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.

Pezeshkian vows to remove ‘obstacles’ faced by private sector 26 Jan 2025

Pezeshkian vows to remove ‘obstacles’ faced by private sector

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

Iran Prepares to Attract Investments From Persian Gulf, Eurasian Countries 25 Jan 2025

Iran Prepares to Attract Investments From Persian Gulf, Eurasian Countries

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.

Potential for 10-Fold Increase in Trade Volume Between Iran and Uzbekistan 25 Jan 2025

Potential for 10-Fold Increase in Trade Volume Between Iran and Uzbekistan

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.

Sanctions Hinder Cooperation with South Korean Companies 25 Jan 2025

Sanctions Hinder Cooperation with South Korean Companies

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 non-oil exports up 18% in 10 months: Minister 25 Jan 2025

Iran’s non-oil exports up 18% in 10 months: Minister

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 and Baku to Establish Joint Energy Cooperation Task Force 22 Jan 2025

Tehran and Baku to Establish Joint Energy Cooperation Task Force

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.

20% Growth in Trade Between Iran and Azerbaijan in 2024 22 Jan 2025

20% Growth in Trade Between Iran and Azerbaijan in 2024

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.

Iran, Azerbaijan, and Russia to Establish a Powerful Electric Grid 22 Jan 2025

Iran, Azerbaijan, and Russia to Establish a Powerful Electric Grid

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

Petrochemical Exports Reach $10.3b in First Nine Months of the Year 21 Jan 2025

Petrochemical Exports Reach $10.3b in First Nine Months of the Year

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.