TEHRAN - The World Bank has revised upward its forecast for economic growth across the Middle East and surrounding regions, citing stronger-than-expected recovery in Gulf economies and improved prospects in oil-importing countries.

TEHRAN - At the Grand Forum Honoring Mazandaran’s Top Exporters, Mohammad-Ali Dehghan Dehnavi, Head of Iran’s Trade Promotion Organization (TPO), stressed that the strength and resilience of Iran’s economy has always depended heavily on exports. He recalled that over the past 10–15 years, especially during periods of international sanctions and declining oil revenues, non-oil exports became the main source of foreign currency and a vital support for the national economy.

TEHRAN - The chairman of the Iranian Association of Oil Industry Equipment Manufacturers has warned that the reactivation of the UN “snapback mechanism” could significantly disrupt the country’s economic activities, particularly in the oil and gas sector, potentially creating harsher conditions than those faced before the 2015 nuclear deal (JCPOA).

TEHRAN - The northern Iranian province of Gilan is set to play a central role in deepening economic relations between Iran and Russia under the framework of the recently implemented Comprehensive Strategic Cooperation Agreement between the two countries, senior Iranian and Russian officials said at a joint business meeting in Rasht.

TEHRAN - Iranian businesses can expand in African markets despite Western sanctions if they combine market knowledge with flexible financing, according to Masoud Barhaman, head of the Iran–Africa Joint Chamber of Commerce.

TEHRAN - Iran and Turkey must revise trade tariffs to unlock the full potential of bilateral commerce, a senior Iranian business leader said during a meeting with Turkish commercial attachés in Tehran.

TEHRAN - The head of Iran’s Power Generation, Transmission and Distribution Company (Tavanir) announced that electricity exports to Afghanistan and Pakistan have resumed following a decline in domestic demand.

TEHRAN - The governor of Iran’s Central Bank has rejected the recent surge in the dollar’s value in the free market as the result of “fear” propagated by hostile actors, rather than reflecting the real market rate of the national currency.

TEHRAN - The Economic Cooperation Organization (ECO), home to over half a billion people and rich in energy and mineral resources, currently accounts for less than 5% of global trade, with intra-regional trade comprising only 8% of member states’ total exchanges. In an exclusive interview with Tasnim News Agency, ECO Secretary-General Asad Majeed Khan revealed that the organization is developing a Strategic Vision 2035 aimed at reducing customs barriers, enhancing connectivity, and potentially introducing a common currency to strengthen economic cooperation.

TEHRAN - A virtual meeting between Iran’s Minister of Roads and Urban Development and Uzbekistan’s Minister of Transport was held on Monday, focusing on increasing bilateral transit volume and maintaining the mutual removal of the $400 road toll.