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.

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.

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.

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.

TEHRAN - In a significant diplomatic and economic development, the President of Iran’s Chamber of Commerce has called on Uzbekistan to lift visa requirements for Iranian citizens, aiming to strengthen commercial and tourism ties between the two nations. The appeal was made during the Iran-Uzbekistan Business Forum held at Tehran’s Sa’dabad Palace, coinciding with the joint commission meetings between the two countries.

TEHRAN - The head of Iran’s Trade Promotion Organization (TPO), Mohammad Ali Dehghan Dehnavi, has presented a series of practical proposals aimed at enhancing regional trade among member countries of the Economic Cooperation Organization (ECO), stressing the current insufficiency of intra-regional trade volumes.

TEHRAN - The CEO of Pars Oil and Gas Company has announced plans to construct a refinery in the Aftab Kish area, highlighting that the Kish gas field has a daily production capacity of 75 to 100 million cubic meters of gas.

TEHRAN - The Managing Director of the National Iranian Gas Company (NIGC), Majid Tavakoli, stated that Iran is hopeful about the operationalization of its gas deal with Turkmenistan, while confirming that there are currently no plans to export gas to Europe.

TEHRAN – Oil Minister Mohsen Paknejad announced plans to invest approximately $10 billion in the country’s oil sector by the end of the current Iranian year (March 2026), with the completion of over 30 major oil projects listed as a key priority.

TEHRAN - In a bid to revive the global recognition of two historic carpet-producing cities, Kerman and Bukhara, a joint market for their traditional handwoven rugs is being proposed. Seyed Mehdi Tabibzadeh, head of the Kerman Chamber of Commerce, emphasized the importance of collaborative efforts between the two cities to restore the reputation of Kerman and Bukhara carpets, which are currently being produced and marketed under these names by third-party countries.