TEHRAN - The acting head of Iran Air (Homa) said that two aircraft recently purchased by the national carrier have been detained, significantly limiting the airline’s operational capacity.

TEHRAN - The Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said Kazakhstan produces more than 20 million tons of wheat annually, around 13 million tons of which is surplus, noting that Iran could generate significant value-added by purchasing this excess wheat, processing it into flour, and exporting it to third countries.

TEHRAN - Iran’s Purchasing Managers’ Index (PMI), known locally as Shamakh, declined to 46.6 in Aban (October–November), signaling that the country’s economy remained in contraction for the 20th consecutive month, according to the latest report by the Research Center of the Iran Chamber of Commerce.

TEHRAN - Iran’s Minister of Roads and Urban Development, Farzaneh Sadegh, announced a shift in the government’s approach toward pricing, investment, and transport diplomacy, emphasizing that state intervention in the transport economy will be reduced to a minimum and the role of the private sector will be strengthened.

TEHRAN - The Head of the Organizing Committee of the 4th International Exhibition on Trade with Eurasia said at a coordination meeting for the event that all of the country’s export capacities and potential have been utilized to ensure the successful organization of the exhibition and to invite countries involved in trade with the Eurasian region to participate.

TEHRAN - At the Iran–Kazakhstan Business Forum held in Astana, Samad Hassan-Zadeh, President of the Iran Chamber of Commerce, Industries, Mines and Agriculture, underscored the need to remove four major barriers hindering bilateral trade. He emphasized that coordinated planning, government support, and active participation of the private sector are essential, adding that completing the infrastructure of the International North–South Transport Corridor must be prioritized in joint cooperation.

TEHRAN - Iran’s Minister of Energy announced that the 11th Joint Economic Cooperation Commission between Iran and Qatar is scheduled to be held in early February in Tehran, expressing hope that the meeting will open new horizons in bilateral relations.

TEHRAN - Iran’s Deputy Head of Customs for Legal Affairs and Supervision announced that a trilateral meeting of the customs working group of Iran, Russia, and the Republic of Azerbaijan has been held with the goal of easing the movement and transit of goods among the three countries. He stated that a joint committee will be formed to conduct on-site inspections of border issues and propose operational solutions. This meeting marks the first official step in implementing the agreements previously reached.

TEHRAN - Iran and Zimbabwe should move toward joint investment and sustained commercial exchanges, and establishing a joint business council could help advance shared priorities, the vice president of the Iran Chamber of Commerce said during a high-level meeting in Tehran.

TEHRAN - In a joint webinar attended by senior managers and experts from Iran and Italy’s pharmaceutical, medical equipment, and dental industries, Italian companies declared their readiness to deepen cooperation with Iran in the health sector. The event was held with the participation of Mohammad Abdezadeh and Abolfath Sanei, the Chair and Vice Chair of the Tehran Chamber of Commerce’s Health Economy Commission.