TEHRAN – Oil Minister Mohsen Paknejad announced plans to invest approximately $10 billion in the country’s oil sector by the end of the current Iranian year (March 2026), with the completion of over 30 major oil projects listed as a key priority.

TEHRAN - In a bid to revive the global recognition of two historic carpet-producing cities, Kerman and Bukhara, a joint market for their traditional handwoven rugs is being proposed. Seyed Mehdi Tabibzadeh, head of the Kerman Chamber of Commerce, emphasized the importance of collaborative efforts between the two cities to restore the reputation of Kerman and Bukhara carpets, which are currently being produced and marketed under these names by third-party countries.

TEHRAN - The Islamic Republic of Iran and the Republic of Tajikistan have officially begun expanding their industrial and trade cooperation, marking a new chapter in the bilateral relationship between the two nations.

TEHRAN - Iran incurs an estimated annual loss of $20 billion due to its non-membership in the Financial Action Task Force (FATF), according to Hossein Salimi, Chairman of the Iranian and Foreign Joint Investment Association. Speaking with ILNA News Agency, Salimi stressed that joining the global financial watchdog is crucial for Iran’s economic recovery and access to international credit.

TEHRAN - In a significant diplomatic development, Iran’s Minister of Cultural Heritage, Tourism and Handicrafts, Seyyed Reza Salehi Amiri, announced a new era of strategic cooperation between Iran and Egypt in the field of tourism, marking a turning point in bilateral relations between the two historically and culturally rich nations.

TEHRAN - The Vice President of Iran’s Chamber of Commerce emphasized the urgent need to improve banking, logistics, and transportation systems as prerequisites for enhancing trade relations between Iran and Turkmenistan.

TEHRAN - The President of Iran’s Chamber of Commerce has extended an official invitation to Sweden to revive joint investment initiatives in Iran’s automotive and electricity sectors, citing opportunities in non-sanctioned industries and promising government guarantees for foreign investments.

TEHRAN - The head of the Trade Development Research Institute at the Institute for Trade Studies and Research has warned that recent global tariff tensions and China’s excess industrial capacity could pose a serious threat to consumer markets in the Middle East, particularly Iran’s export market to Iraq.

TEHRAN - Mohammad Taheri, President of the Iran-Spain Joint Chamber of Commerce, emphasizes the internal and external barriers to expanding exports to Spain, noting that addressing these challenges could lead to a promising future in bilateral relations.

TEHRAN - The Managing Director of Iran's National Petrochemical Company (NPC), Hassan Abbaszadeh, announced on Wednesday that the country’s petrochemical production capacity is expected to hit 105 million tons by the end of the Iranian calendar year 1404 (March 2026). Export volumes are forecasted at 34.8 million tons, generating approximately $13.6 billion in revenue.