TEHRAN - The Director of Exploration at the National Iranian Oil Company (NIOC) has announced new developments in the country’s oil and gas exploration efforts, including the discovery of oil springs in Ardabil Province and the launch of seismic operations in the Persian Gulf’s border region shared with Saudi Arabia, Kuwait, the United Arab Emirates, and Bahrain.

TEHRAN - The president of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) announced during GITEX 2025 that Iran is developing a national roadmap for digital exports aimed at facilitating the entry of technology-based companies into international markets.

TEHRAN - Iran has achieved the world’s top rank in reducing the use of physical money, with more than 98 percent of all transactions now carried out electronically, according to a senior government official. This, he said, reflects the nation’s readiness to embrace digital transformation in all aspects of economic life.

TEHRAN - The National Pavilion of Iran has officially opened at GITEX Global 2025, featuring the active participation of Iranian technology firms and startups. Ten companies are exhibiting within the national pavilion, two others are participating independently in GITEX Global, and fifteen innovative startups are showcasing their projects at North Star Dubai, the startup-focused section of the exhibition.

TEHRAN - Iran’s exports to Russia are approaching the $1 billion threshold, signaling a significant expansion in trade relations between the two countries. According to Mohammad Ali Dehghan Dehnavi, Deputy Minister of Industry, Mine, and Trade and Head of Iran’s Trade Promotion Organization (TPO), trade between Tehran and Moscow has grown by more than 30 percent in the first five months of the current Iranian year.

TEHRAN - The 17th International Exhibition of Flooring, Carpet, Machine-Made Carpet, and Related Industries is currently underway at the Tehran International Permanent Fairground, bringing together 120 domestic and foreign companies from Iran, Turkey, China, and Taiwan. The exhibition, which runs until October 15, highlights the latest innovations and manufacturing capabilities in the carpet and flooring industry, underscoring Iran’s growing competitiveness in global markets.

TEHRAN - Minister of Industry, Mine, and Trade, Seyed Mohammad Atabak, has requested that President Masoud Pezeshkian, in his capacity as the head of the Supreme Council of Standards, form a committee comprised of key ministers — including those of Economy, Foreign Affairs, and Industry, as well as the National Standards Organization and the Customs Administration — to finalize Iran’s joint standards with the Eurasian Economic Union (EAEU) within a short time frame.

TEHRAN - The Minister of Roads and Urban Development of Iran has announced that the key outcome of the recent trilateral summit between Iran, the Republic of Azerbaijan, and Russia was the development of a roadmap to achieve a transit capacity of 15 million tons of goods among the three countries. Highlighting the strategic importance of the Rasht–Astara railway connection, the minister confirmed that land acquisition for the remaining sections of the project will be completed by the end of this year.

TEHRAN - Iran and Tajikistan are accelerating efforts to deepen economic and cultural cooperation, focusing on green investment and regional partnerships in energy, technology, transportation, and agriculture as key pillars for sustainable growth.

TEHRAN - The President of the Iran Chamber of Cooperatives, Bahman Abdollahi, emphasized the vital role of export-focused exhibitions in boosting the country's trade, describing them as one of the most effective tools for marketing and developing export markets.