Saturday, 11 October , 2025
  • Gov’t Intervention Drives Capital Away 08 Oct 2025

    Gov’t Intervention Drives Capital Away

    TEHRAN - The Vice President of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) emphasized that investment is a crucial and reliable indicator of economic development, and that countries around the world are in strong competition to attract capital.

IRISL Transported 27m Tons of Cargo in Past Year 19 May 2025

IRISL Transported 27m Tons of Cargo in Past Year

TEHRAN - The CEO of the Islamic Republic of Iran Shipping Lines (IRISL), Mohammad Reza Modarres Khiabani, announced that the company transported 27 million tons of various goods over the past year, emphasizing the company's frontline role in facing international sanctions.

Two New Refineries to Be Launched 18 May 2025

Two New Refineries to Be Launched

TEHRAN - The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) has announced the launch of two new refineries and the commissioning of three fuel quality improvement projects within the current year.

Major National Space Projects to Be Completed This Year 18 May 2025

Major National Space Projects to Be Completed This Year

TEHRAN - Minister of Information and Communications Technology (ICT), Seyed Sattar Hashemi, announced that several large-scale national space projects will reach completion this year. These include key developments in the Chabahar Space Base and infrastructure advancements in Salmas and Chenaran.

Iran to Slash Import Tariffs on Eurasian Economic Union Goods to 4.5% 17 May 2025

Iran to Slash Import Tariffs on Eurasian Economic Union Goods to 4.5%

TEHRAN - Iran has announced a significant reduction in customs tariffs on goods imported from member states of the Eurasian Economic Union (EAEU), lowering rates from 20% to 4.5% under a comprehensive Free Trade Agreement set to take effect on May 15, 2025.

Economic Recovery Hinges on Lifting Sanctions Through Successful Negotiations 17 May 2025

Economic Recovery Hinges on Lifting Sanctions Through Successful Negotiations

TEHRAN - In a joint meeting between the Board of Representatives of the Yazd Chamber of Commerce and the Iran-Japan Joint Chamber of Commerce, high-level discussions were held on key economic challenges including foreign exchange policy, the need for expanded international cooperation—particularly with Japan—and Iran’s structural economic issues.

Iran’s Carpet Market in China at Risk From Counterfeit Goods 14 May 2025

Iran’s Carpet Market in China at Risk From Counterfeit Goods

TEHRAN - In a recent meeting focused on improving Iran-China trade relations, the head of Iran’s Trade Promotion Organization (TPO), Mohammad-Ali Dehghan Dehnavi, outlined a new strategic direction for boosting exports to China, emphasizing the need to move away from raw materials and instead promote high value-added goods.

Iran Moves to Expand Banking Network Ties With BRICS, Regional Countries 14 May 2025

Iran Moves to Expand Banking Network Ties With BRICS, Regional Countries

TEHRAN - In a significant move to bolster economic and financial ties, the Governor of the Central Bank of Iran (CBI), Mohammadreza Farzin, announced plans to operationalize the integration of Iran’s domestic banking network, known as “Shetab,” with Russia’s “Mir” payment system. The broader strategy includes extending this connectivity model to all BRICS member states and neighboring countries, marking a major shift in Iran’s international banking outreach.

Niger Welcomes Imports of Iranian Mining Products 13 May 2025

Niger Welcomes Imports of Iranian Mining Products

TEHRAN - In a meeting with the head of Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO), the Ambassador of Niger expressed his country’s interest in strengthening mining ties with Iran, emphasizing a welcoming stance toward importing Iranian mining and mineral industry products.

Iranian Investors Exempt from Taxes and Customs Duties in Uzbekistan 13 May 2025

Iranian Investors Exempt from Taxes and Customs Duties in Uzbekistan

TEHRAN - Uzbek Prime Minister Abdulla Aripov has announced that Iranian investors will be exempt from taxes and customs duties when investing in Uzbekistan’s industrial zones. The statement came during the Iran-Uzbekistan Business Forum, aimed at strengthening economic cooperation between the two nations.

Iran’s Travel Agencies Ready to Launch Tourism Corridor With Egypt 12 May 2025

Iran’s Travel Agencies Ready to Launch Tourism Corridor With Egypt

TEHRAN - The Iranian Association of Travel Agencies has announced its full readiness to swiftly launch tourism tours between Iran and Egypt, following recent diplomatic efforts to revive tourism ties between the two countries after nearly five decades of severed relations.