Wednesday, 19 March , 2025
  • Iran to Expand Shipping Lines to West and Southwest Africa 17 Mar 2025

    Iran to Expand Shipping Lines to West and Southwest Africa

    TEHRAN - Iran is set to bolster its maritime trade links with West and Southwest Africa, following a decision by the Africa Committee chaired by the First Vice President, according to Mohammadreza Safari, Acting Director General for Africa at Iran’s Trade Promotion Organization (TPO). This move aims to enhance Iran’s economic footprint on the continent, building on existing shipping routes and trade relationships.

Tehran, Baghdad Urged to Enhance Cooperation in Communication Network Development 01 Feb 2025

Tehran, Baghdad Urged to Enhance Cooperation in Communication Network Development

TEHRAN - Iran's Minister of Communications and Information Technology has emphasized the necessity of strengthening cooperation between Iran and Iraq to provide a high-quality communication network for Arbaeen pilgrims.

Gov’t Committed to Facilitating Private Sector Participation in the Economy 01 Feb 2025

Gov’t Committed to Facilitating Private Sector Participation in the Economy

TEHRAN - The First Vice President of Iran has emphasized the government's role in facilitating private sector activities and ensuring the security of investments for both domestic investors and Iranians abroad. He reiterated that Iranian embassies are obligated to protect the rights of all Iranians, regardless of their political affiliations, and that the government remains committed to addressing their concerns, especially legal issues.

Turkey Lifts Fuel Tariffs on Iranian Truck Drivers 01 Feb 2025

Turkey Lifts Fuel Tariffs on Iranian Truck Drivers

TEHRAN - In a recent development, the Turkish government has lifted the heavy fuel tariffs imposed on Iranian truck drivers, and the mandatory "full-tank" requirement for Turkish drivers in Iran has also been revoked.

30 Kilometers of Astara Railway Handed Over to Russians 29 Jan 2025

30 Kilometers of Astara Railway Handed Over to Russians

TEHRAN - Amin Taraf, head of the International Affairs Center at the Ministry of Roads and Urban Development, provided updates on Russia’s cooperation in constructing the Rasht-Astara railway project. He addressed the delays in finalizing the contract, determining costs, and initiating the disbursement of the Russian loan.

Iran Expands Economic Ties with Venezuela Amid Challenges 29 Jan 2025

Iran Expands Economic Ties with Venezuela Amid Challenges

TEHRAN - Iran and Venezuela continue to strengthen economic ties, particularly in the automotive and technology sectors, despite challenges in private-sector cooperation and economic constraints. According to Amir Mehrpourian, head of the Iran-Venezuela Joint Trade Committee, Iranian state-owned enterprises dominate trade relations, as the Venezuelan government prefers dealing with state-backed entities due to its military-controlled administration.

Call for Expansion of Tehran-Ankara Relations and Cooperation 29 Jan 2025

Call for Expansion of Tehran-Ankara Relations and Cooperation

TEHRAN - The Turkish Minister of Trade has emphasized the expansion of relations and cooperation between the Islamic Republic of Iran and Turkey.

Iranian minister visits Turkiye for talks on economic cooperation 27 Jan 2025

Iranian minister visits Turkiye for talks on economic cooperation

Iranian Minister of Roads and Urban Development Farzaneh Sadegh is in Turkiye to hold talks with senior officials and review the previously signed agreements between the two countries.

Iran starts $528 mln project to develop oilfields near Iraq border 27 Jan 2025

Iran starts $528 mln project to develop oilfields near Iraq border

Iran has started a major project to develop oilfields at one of the country’s old reservoirs that is shared with neighboring Iraq.

Iran-Oman Shipping Line to Be Activated 26 Jan 2025

Iran-Oman Shipping Line to Be Activated

TEHRAN - Jamal Razaghi Jahromi, the head of the Iran-Oman Joint Chamber of Commerce, spoke to ILNA about the outcomes of the recent visit by the Minister of Industry, Mine, and Trade to Muscat. He stated that despite a strong political relationship between Iran and Oman over the past 70 years, trade between the two countries has not developed in parallel with political ties. Although trade value has grown by 42% to 60% annually over the past three years, the initial trade volume was minimal. The goal of reaching $5 billion in trade with Oman by 2024, as envisioned by the joint chamber, has not been achieved. It is now optimistically estimated that trade between the two countries will reach between $3 billion and $3.5 billion by the end of the year.

Official Stresses Need to Institutionalize AI in Petrochemical Industry 26 Jan 2025

Official Stresses Need to Institutionalize AI in Petrochemical Industry

TEHRAN - Hassan Abbaszadeh made the remarks on Saturday during a ceremony to sign a cooperation agreement for the development of an AI assistant for the petrochemical industry.