Iran and China have agreed to form a joint cooperative committee to enhance collaboration in key economic sectors, including agriculture, mining, petrochemicals, and joint investment, officials from both sides said during a meeting in Tehran.
ECONOMY Feed Atom
Iran's ambassador in Islamabad and Pakistan's Commerce Minister met and discussed ways to strengthen bilateral trade and economic cooperation.
The head of the Iran-Oman Joint Chamber of Commerce explained the obstacles and positive factors affecting trade with Oman in recent years, as well as the events and factors that will influence future exchanges with this country.
India has confirmed that the United States will not impose its sanctions on the Chabahar Port in Iran for the next six months, allowing New Delhi to continue its investment and operations at the strategic facility uninterrupted.
Oil Minister Mohsen Paknejad said gas delivery to the network has increased by about 6.7 million cubic meters per day and diesel reserves at power plants have risen 130%, putting Iran in a strong position heading into winter.
The head of the Iran-Iraq Joint Chamber of Commerce, Industries, Mines, and Agriculture said that $128 million worth of technical and engineering services were exported to Iraq in the first six months of the current Iranian calendar year (March 21-September 22), which is not an appropriate figure.
The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.
Iran’s representative has attended the main meeting of the Financial Action Task Force (FATF) in Paris for the first time in six years, following an official invitation from the global anti-money laundering body.
Iran’s Trade Promotion Organization (TPO) and Vietnamese Embassy in Iran have emphasized expanding joint production and sharing export experience, building on several cooperation agreements already signed between the two countries.
The International Monetary Fund (IMF) has revised its forecast for Iran’s economic growth downward to 0.6% for 2025, up slightly from an April projection of 0.3% but well below the regional average of 3.5%, while anticipating inflation to spike to 42.4% this year from 32.5% in 2024 and unemployment to climb 1.6% year-on-year to 9.2%.
Indian multi-sector infrastructure firm Megha Engineering & Infrastructures has won a contract worth $225.5 million from Kuwait Oil Company (KOC), it said on Friday.
Iran’s minister of economic affairs and finance emphasized the expansion of brotherly relations and economic, commercial, and infrastructure cooperation between Iran and Tajikistan and proposed special opportunities for deepening these relations under the current conditions.
Iran and Switzerland’s private sectors are calling for stronger collaboration in non-sanctioned industries, emphasizing the key role of private enterprises in shaping future economic ties between the two countries.
In line with the Donald Trump administration's maximum pressure policy against the Islamic Republic of Iran, the US Treasury Department announced that it has sanctioned more than 50 individuals, entities, and ships under the pretext of facilitating the sale of Iranian oil and liquefied natural gas.
The head of Iran’s National Standards Organization (INSO) met with Rwanda’s Minister of Trade and Industry to discuss expanding cooperation through the harmonization of standards, conformity assessment, and laboratory accreditation.
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors.
The Turkish Statistical Office announced that trade exchanges between Turkey and Iran in the first eight months of the current year reached $3.56 billion.
Iran and Russia’s Astrakhan region are strengthening cooperation in trade, industry, energy and logistics as part of efforts to enhance connectivity along the International North–South Transit Corridor (INSTC), Iran’s Consul General in Astrakhan said.
Iran’s oil minister announced the discovery of significant new gas and oil reserves in the Pazan field, located in the southern part of Fars Province, saying the find could help offset the country’s future energy imbalance.
Technologists from an Iranian industrial company used nanotechnology to significantly decrease flammability in the urban, rural and agricultural water transmission lines.