TEHRAN - Minister of Roads and Urban Development, Farzaneh Sadegh, has confirmed that Russia has not withdrawn its loan commitment for the Rasht-Astara railway project, dispelling rumors of its cancellation. Speaking at a press conference today, Sadegh addressed key priorities of her ministry while issuing a stern warning to airlines failing to respect passenger rights, threatening to revoke their flight permits.

TEHRAN - In a notable rebound from 2023—when trade between Iran and Germany hit its lowest level in 25 years—bilateral trade between the two nations rose by 4% in 2024, reaching €1.5 billion, according to a report by Iran Chamber Online, citing the Iran-Germany Chamber of Commerce and Industry and data from Germany’s Federal Statistical Office.

TEHRAN - Iran is set to expand its international trade footprint by establishing a major commercial center in Russia, according to Mohammad Ali Dehghan Dehnavi, head of Iran’s Trade Promotion Organization (TPO).

TEHRAN - The CEO of Iran’s Railway Technical and Engineering Services Company (Travers), Mostafa Moeini, announced that the company is actively seeking to expand the construction of railway lines and related services into neighboring countries. Speaking at a press conference on Sunday, Moeini emphasized Travers’ capability to execute railway projects with speeds of up to 160 kilometers per hour, positioning it as a key player in regional infrastructure development.

TEHRAN - In a significant step toward enhancing trade ties and economic diplomacy between Iran and Uzbekistan, a 100-member delegation of private-sector business leaders and traders from Iran’s Khorasan Razavi province traveled to Uzbekistan.

TEHRAN - In a meeting between Iranian and Australian officials, both sides expressed optimism about enhancing commercial ties despite the challenges posed by international sanctions. Samad Hassanzadeh, President of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), emphasized that while sanctions hinder the full development of trade relations between Iran and Australia, alternative solutions exist to overcome these barriers.

TEHRAN - The head of Iran’s Veterinary Organization announced that the third round of negotiations between Iran and Brazil aimed at enhancing agricultural cooperation and improving the trade balance was hosted by the Veterinary Organization, representing Iran’s Ministry of Agriculture Jihad.

TEHRAN - Minister of Roads and Urban Development, Farzaneh Sadegh Malvajerd, emphasized that completing transit corridors is a top priority for her ministry to optimize the country’s transit capabilities. Speaking at a nationwide governors' meeting on Saturday at the Ministry of Interior, she noted that neighboring countries are relying heavily on Iran to finalize these corridors despite sanctions and limitations.

TEHRAN - The head of Iran’s Tea Organization, Habib Jahansaz, announced that Iran has exported 11,000 tons of tea valued at $15 million in the first 11 months of this year. Russia is the top destination for Iranian tea exports, followed by India.

TEHRAN - The latest report on the commercial performance of Iran’s free zones indicates that in the first 11 months of the current year, exports from these zones have been steadily growing, maintaining an overall positive trade balance. During this period, regions such as Maku, Qeshm, Kish, and Aras have strengthened their positions in export markets by achieving positive trade balances.