TEHRAN - Iran and Venezuela continue to strengthen economic ties, particularly in the automotive and technology sectors, despite challenges in private-sector cooperation and economic constraints. According to Amir Mehrpourian, head of the Iran-Venezuela Joint Trade Committee, Iranian state-owned enterprises dominate trade relations, as the Venezuelan government prefers dealing with state-backed entities due to its military-controlled administration.

TEHRAN - The Turkish Minister of Trade has emphasized the expansion of relations and cooperation between the Islamic Republic of Iran and Turkey.

Iranian Minister of Roads and Urban Development Farzaneh Sadegh is in Turkiye to hold talks with senior officials and review the previously signed agreements between the two countries.

Iran has started a major project to develop oilfields at one of the country’s old reservoirs that is shared with neighboring Iraq.

TEHRAN - Jamal Razaghi Jahromi, the head of the Iran-Oman Joint Chamber of Commerce, spoke to ILNA about the outcomes of the recent visit by the Minister of Industry, Mine, and Trade to Muscat. He stated that despite a strong political relationship between Iran and Oman over the past 70 years, trade between the two countries has not developed in parallel with political ties. Although trade value has grown by 42% to 60% annually over the past three years, the initial trade volume was minimal. The goal of reaching $5 billion in trade with Oman by 2024, as envisioned by the joint chamber, has not been achieved. It is now optimistically estimated that trade between the two countries will reach between $3 billion and $3.5 billion by the end of the year.

TEHRAN - Hassan Abbaszadeh made the remarks on Saturday during a ceremony to sign a cooperation agreement for the development of an AI assistant for the petrochemical industry.

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.