TEHRAN - A €50 million credit line agreement between Iran's National Development Fund (NDFI) and Kyrgyzstan was officially signed on Sunday.

TEHRAN - The spokesperson for the Iranian Dairy Products Industries Association announced that the country's dairy exports grew by 43% during the first 11 months of the Persian year 1402 (March 2023–February 2024) compared to the same period the previous year. He also highlighted that per capita dairy consumption in Iran stands at only a quarter of the global average, with low purchasing power pushing a portion of domestic production toward exports.

A huge explosion took place at Shahid Rajaee Port near Bandar Abbas, in southern Iran, on Saturday.

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.

Foreign Ministry spokesperson Esmaeil Baqaei said that the United States’ new sanctions on Iran contradict its claims of readiness to negotiate with Iranian officials.

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.

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.

That the talks advance into the technical phase signify that the negotiating parties have reached an understanding on the fundamentals of the negotiations.

TEHRAN - Iran is currently facing serious water stress, but national food security will not be compromised if the country continues to implement its comprehensive water roadmap, said Isa Bozorgzadeh, spokesperson for the country’s water industry.

Iran and Tajikistan’s defense ministers agree to boost defense cooperation and combat terrorism.