Foreign Airlines Overcharging Iranians and Draining Millions of Dollars
TEHRAN - The head of the National Union of Tourism Organizations, Hormatollah Rafiei, has accused foreign airlines of overpricing tickets for Iranian travelers and draining thousands of dollars daily from the country. Speaking at a meeting with the parliamentary tourism faction and government representatives, he urged immediate action against the exploitation by foreign carriers like Qatar Airways and Turkish Airlines.
Iran-Eurasia Free Trade Agreement Likely to Be Implemented in Early 2025
TEHRAN - In a significant development, Iran's negotiations for a free trade agreement with the Eurasian Economic Union (EAEU) are expected to culminate in its implementation at the beginning of 2025, according to a senior official.
Iran Suspends Flights to Syria Until January 22
TEHRAN - In a press briefing on Tuesday, Hossein Pourfarzaneh, head of Iran's Civil Aviation Organization (CAO), shed light on the state of the country’s aviation industry, its challenges, and developments under the current administration.
Iran’s economy grows 2.9% in H1 fiscal year
Iran’s gross domestic product (GDP) expanded by 2.9% year-on-year in the first half of the current Iranian calendar year (March 20 – September 21), according to a new report from the country’s central bank.
Structural Reforms Needed in Oil Refining Sector
TEHRAN - The First Vice President of Iran emphasized the need for structural reforms in the oil refining sector, calling for the adoption of high-tech solutions and the talents of the country’s skilled youth.
Turkish Capital Markets Regulator Welcomes Expanded Cooperation With Iranian Exchanges
TEHRAN - During the sidelines of the "GEM Committee" meeting in Turkey, the Iranian delegation, led by the representative of Iran's Securities and Exchange Organization (SEO), presented an official letter from Hojjatollah Seyedi, the head of Iran’s SEO, to his Turkish counterpart. This letter emphasized Iran's readiness for bilateral cooperation in areas of mutual interest, which was warmly received by the Turkish side.
Iranian Contractors Exit Syria, Turks Take Lead in Global Markets
TEHRAN - Iraj Golabtonchi, Secretary of the Syndicate of Iranian Construction Companies, spoke at a press conference for the Annual National Conference of the International Concrete Institute (ACI) Iran Branch and the National Conference on Concrete and Earthquakes. Discussing the involvement of Iranian companies abroad and the export of technical and engineering services, he stated that since 1995, Iranian contractors have undertaken $35 billion worth of projects globally.
$35b in Engineering Services Exported by Iran Over Three Decades
TEHRAN - The Secretary of the Iranian Construction Companies Syndicate announced that Iranian companies and the private sector have exported $35 billion worth of engineering and technical services since 1995.
Iran, Turkey FMs emphasize protecting regional stability
Iranian Foreign Minister Abbas Araghchi and his Turkish counterpart Hakan Fidan have stressed the need to protect the regional stability and sustainable security.
5% Share of Knowledge-Based Products in National Exports
TEHRAN - The head of Iran's Trade Development Organization announced that in 2023, knowledge-based companies accounted for 2.6% of the total export weight and 5% of the export value.