TEHRAN - The Governor of the Central Bank of Iran stressed the critical role of financial exchanges in achieving economic development and announced new initiatives aimed at expanding monetary ties with Eastern countries, selling foreign currency bonds, and reforming the nation's credit system.

TEHRAN - The Governor of the Central Bank of Iran (CBI), Mohammad Reza Farzin, announced that the Islamic Republic is preparing to issue foreign currency-denominated sukuk bonds in Oman as part of President Masoud Pezeshkian’s upcoming diplomatic trip to the Persian Gulf country.

TEHRAN - During a high-level trade delegation to Russia, Samad Hasanzadeh, President of the Iran Chamber of Commerce, Industries, Mines and Agriculture, announced that key infrastructure is being developed to issue certificates of origin for free trade with the Eurasian Economic Union (EAEU). This move is part of a broader strategy to boost bilateral trade between Iran and Russia, with an ambitious target of reaching $10 billion in trade over the next decade.

TEHRAN - Minister of Roads and Urban Development, Farzaneh Sadegh, proposed the creation of a three-year roadmap to boost trade between Tehran and Ashgabat to $3 billion by 2028.

TEHRAN - In a recent meeting held in Tehran, the President of the Shiraz Chamber of Commerce, Mohammad Sadegh Hamidian, met with Germany’s Ambassador to Iran, Markus Potzel, and emphasized the vast economic, cultural, and healthcare potential of Fars Province, calling for expanded private-sector cooperation between Iran and Germany.

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.

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.

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.

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.

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.