Iran, Russia Strengthen Ties Through North-South Corridor and Energy Cooperation
TEHRAN - Iran and Russia are accelerating efforts to deepen bilateral cooperation, focusing on strategic transit routes, gas transportation, and trade development. Speaking at the 18th session of the Iran-Russia Permanent Commission for Economic Cooperation, Iranian Ambassador to Russia Seyed Kazem Jalali highlighted what he called a “golden era” in relations between the two neighboring nations.
Pistachio exports rose by 40% in second half of 2024: Official
An official said that the decrease in American production and export of pistachios pushed global markets toward Iran.
4,000 Traders From 110 Countries Registered for Iran Expo 2025
TEHRAN - Iran is gearing up for its largest economic and political event of the year, the Iran Expo 2025 and the Iran-Africa Cooperation Summit, with over 4,000 traders from 110 countries registering to participate, according to Mohammad Ali Dehghan Dehnavi, head of Iran’s Trade Promotion Organization. The events, set to take place from May 7 to 12, are expected to draw unprecedented international attention and foster significant trade opportunities.
Russian VTB Bank’s Services for Iranians Signal Step Toward Global Banking Reintegration
TEHRAN - In a significant development for Iran’s economic landscape, the Tehran Chamber of Commerce’s Money and Capital Market Commission convened to discuss the expanding financial services offered by Russia’s VTB Bank to Iranian businesses. The collaboration, seen as a pivotal step toward reintegrating Iran into the international banking system, was the focus of the commission’s 22nd session, attended by representatives from VTB Bank, Iranian banks, and economic stakeholders.
Foreign Shipping Lines May Return Following U.S. Deal
TEHRAN – Former head of Iran’s Ports and Maritime Organization, Mohammad Rastad, has revealed that container traffic in Iranian ports dropped by half after the Joint Comprehensive Plan of Action (JCPOA), better known as the Iran nuclear deal. Speaking to ILNA, Rastad explained that container throughput had peaked at over 3 million TEUs during the JCPOA era, but fell to just 1.5 million TEUs following the collapse of the agreement.
Iran Eyes Mining Sector to Boost Economic Ties With Uzbekistan
TEHRAN - Iran’s mining sector is poised to become a cornerstone for strengthening economic relations with Uzbekistan, according to Mohammad Aghajanlou, head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Speaking at a meeting with Shakhrokh Gholamov, Uzbekistan’s Deputy Minister of Investment, Industry, and Trade, Aghajanlou highlighted the potential for collaboration in mining and mineral industries to drive bilateral ties.
Iran, Azerbaijan Poised for Stronger Economic Cooperation in Engineering,Construction Sectors
TEHRAN - In a recent meeting of the Iran Chamber of Commerce’s Commission for Engineering and Construction Services, experts emphasized the high potential for economic cooperation between Iran and the Republic of Azerbaijan. The discussion focused on boosting Iran’s technical and engineering service exports and preparing the private sector for participation in international projects.
Iranian Private Sector Ready for Joint Investment in Uzbekistan
TEHRAN - Iran’s private sector is prepared to deepen economic ties with Uzbekistan through joint investments, particularly in the textile and garment sectors, according to Samad Hassanzadeh, President of Iran’s Chamber of Commerce, Industries, Mines, and Agriculture.
Regulatory Burdens Now Outweigh Sanctions for Iranian Traders
TEHRAN - The head of Iran’s Trade Promotion Organization (TPO), Mohammad Ali Dehghan Dehnavi, has stated that inconsistent and excessive regulations are placing a heavier burden on Iranian traders than international sanctions.
Iran Proposes Formation of BRICS Agricultural Research Union at Ministerial Summit
TEHRAN - Iran’s Minister of Agriculture, Jihad Gholamreza Nouri, has proposed the creation of a “Union of Agricultural Research Institutions” and a “Union of Vaccine Production Institutes” within the BRICS framework during the 15th Meeting of BRICS Agriculture Ministers held in Brasília, Brazil.