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.

Iran’s Interests Section in Washington D.C. informed that the validity period for tourist and entry visas issued to U.S. applicants has been decreased.

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.

Foreign Ministry spokesperson Esmaeil Baqaei condemned the continued attacks on civilian positions in Sudan.

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.

TEHRAN - Iran and Niger signed a joint cooperation agreement during the third session of their Joint Economic Commission, held on the sidelines of the 7th Iran Expo 2025 in Tehran.

TEHRAN - In a high-level meeting between Qadir Qiafeh, Vice President of the Iran Chamber of Commerce, and Aurelian Gogulescu, Vice President of the Romanian Chamber of Commerce, both sides emphasized the urgent need to enhance bilateral economic relations, noting that current trade volumes fall far short of the potential capacities of the two nations.

TEHRAN – Oil Minister reaffirmed the country’s readiness to expand and strengthen bilateral cooperation with Bolivia in the fields of oil, gas, refining, and petrochemicals during a meeting with Bolivia’s Minister of Energy and Hydrocarbons.

TEHRAN - Iran and Azerbaijan are aiming to elevate their bilateral trade to multi-billion-dollar levels in the coming years, tapping into the significant economic potential between the two neighboring countries.

TEHRAN - The Director General of Marketing and Development of International Tourism announced that Iran will host the "Global Tour Operators Gathering" with the participation of over 100 leading tour operators from 33 countries, coinciding with Iran Expo 2025. He described the event as a valuable opportunity to promote Iran as a safe travel destination and counter negative perceptions of the country.