Iran became the fifth-largest importer of gold in the world by recording a demand of 58 tons of gold in the first nine months of 2025. The rate reflects a significant increase in consumption and huge currency pressure.
ECONOMY Feed Atom
President Masoud Pezeshkian gave automakers one year to improve engine efficiency or face losing foreign currency and production permits, stressing government-backed adoption of modern technologies and prioritizing safe, electric vehicle production.
A senior Chinese business leader in Tehran said Iran–China trade could expand several-fold if structural barriers are removed, citing vast untapped economic and geopolitical potential.
The Iranian Parliament’s Research Center has praised the Oil Ministry’s performance during the first year of the Seventh Development Plan, reporting that the ministry’s output exceeded expectations in key areas such as production growth. However, the report noted that financing remains the main challenge to fully implementing the five-year plan.
Iran and Kuwait have signed a five-point agreement to expand trade and investment following the 13th Joint Trade Committee meeting in Kuwait, held after an 11-year pause, according to the Trade Promotion Organization of Iran (TPO).
The head of Iran’s Parliament Energy Committee said the oil industry performed positively in the first year of the Seventh Development Plan, noting progress in implementing key provisions such as the collection of flare gas and the increase in production of petroleum products.
Iran’s Oil Minister Mohsen Paknejad said Monday there are currently no plans to change the quotas or prices for subsidized fuel in personal smart cards.
The Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has signed a memorandum of understanding with the International Union of Small and Medium-Sized Enterprises of Shanghai to expand bilateral industrial and economic cooperation, including a proposal by Chinese companies to help establish a smart industrial park in Iran.
Iran inaugurated its Trade Development Center in Shanghai in a ceremony attended by Tehran Chamber of Commerce Chairman Mahmoud Najafi Arab and Secretary General Fereydoun Vardinejad, honoring Vardinejad for his role in strengthening Iran–China ties.
Pakistani Prime Minister Shehbaz Sharif has stressed his commitment to strengthening comprehensive cooperation with the Iran, and said that Tehran and Islamabad play an important role for global peace and Islamic unity.
Iran and Kenya plan to boost trade and tech ties with a permanent Iranian expo in Nairobi, a joint innovation hub, and direct Tehran-Nairobi flights.
Iran and Kuwait have agreed to step up efforts to remove trade obstacles and strengthen bilateral exchanges during the two countries 13th Joint Economic Committee meeting held in Kuwait.
The Minister of Economic Affairs and Finance of Iran said he has not received any signal of a decline in oil sales, and that these revenues are part of the country's budgetary income.
Iran and Oman have agreed to accelerate the implementation of their preferential trade agreement and expand industrial cooperation through a newly formed bilateral industrial committee, according to Iran’s Trade Promotion Organization (TPO).
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.
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.