25% of agricultural water wells equipped with smart meters

TEHRAN- The Director General of the Agricultural Water Affairs Office of the Ministry of Agriculture has announced the groundwork for volumetric water delivery to the agricultural sector following the transfer of water management responsibilities to operators, and said: Only 25 percent of agricultural water wells have been equipped with smart meters.

Production support should be accelerated in financing system: finance minister

TEHRAN- The Minister of Economic Affairs and Finance, at a meeting of the State Banks Coordination Council, emphasized the need to strengthen coordination among banks, improve discipline in the banking network, and accelerate support for the production sector and economic enterprises.

By Mahnaz Abdi

Private sector can be a pillar of sustainability for any potential agreement: ICCIMA head

TEHRAN – The head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) emphasized: The private sector can be one of the pillars of sustainability for any potential agreement, because the deeper the healthy, balanced economic ties and shared interests among countries become, the higher the cost of returning to tension will be.

‘Iran's transport network has high resilience against crises’

TEHRAN- The chairman of the board of the Rail Transport and Related Services Association, emphasizing the high resilience of the country's transport network, said that through managerial, policy, and software measures — without extensive infrastructure development — freight and passenger capacity on the existing rail and road network can be increased by up to 50 percent.

South Pars to be prepared before cold season

TEHRAN- Simultaneously with the continued production on South Pars platforms, reconstruction operations at the damaged refineries are underway with accelerated speed, aimed at restoring lost capacity and preparing the country's gas network for the cold season.

Iran, Uzbekistan discuss removing barriers to bilateral trade

TEHRAN- Samad Hassanzadeh, the head of the Iran Chamber of Commerce, Industries, Mines and Agriculture, spoke at a meeting with the Uzbek ambassador in Tehran about the importance of facilitating and expediting the transit of Iranian goods through Uzbekistan. He stated: "One of the serious requests from the Uzbek side is the visa waiver and facilitation of travel between the two countries, especially for Iranian traders."

New roadmap developed for Iran-Pakistan logistics cooperation

TEHRAN- The Vice-Chairman of the Transportation, Transit, and Logistics Committee of the Iran Chamber of Commerce, while outlining the achievements of the Iranian economic delegation's trip to Pakistan, stated that a new roadmap for Iran-Pakistan logistics cooperation was developed during this visit, with the expansion of transit and trade placed at the center of negotiations.

Agriculture, energy ministries’ systems connected for smart water management

TEHRAN- The Director General of the Agricultural Water Affairs Office at the Ministry of Agriculture announced the groundwork for initiating the implementation phases of connecting the agricultural production zoning and cropping pattern systems with the water systems of the Ministry of Energy, stating that this program has been placed on the agenda with the aim of optimizing water utilization and determining the water consumption volume for each farmer.

Iran-India joint trade working group reviving necessary

TEHRAN- The Deputy Minister of Industry, Mining and Trade for Commercial Affairs emphasized the revival of the Iran-India Joint Trade Working Group to expand trade relations between the two countries.

Tehran, Beijing set sights on strategic economic partnership beyond trade

TEHRAN- Iran’s Deputy Minister of Industry, Mining and Trade emphasized the necessity of elevating Iran-China economic relations in line with the extensive existing capacities and said: Development of trade, industrial, investment, logistics, and exhibition cooperation is among the most important joint priorities of Tehran and Beijing.

Iran, Kyrgyzstan emphasize expansion of trade, mining, energy, transit co-op

TEHRAN- In the meeting between Iran's Minister of Industry, Mining and Trade and Kyrgyzstan's Minister of Economy and Trade, both sides emphasized the development of trade exchanges, joint investment, and the expansion of industrial, mining, energy, transport, and free zone cooperation with the aim of elevating the level of economic relations between the two countries.

Iran, a strategic partner of EAEU on path to trade development, regional integration

TEHRAN- Iran’s Minister of Industry, Mining and Trade, while reading the message of the First Vice President at the second meeting of the Intergovernmental Council of the Eurasian Economic Union (EAEU), emphasized Iran's determination to deepen economic cooperation with member states of this union, full implementation of the free trade agreement, development of transit corridors, strengthening financial and banking cooperation, and utilization of shared capacities to achieve regional growth and prosperity.

Iran’s electricity industry transitioning to advanced models

TEHRAN- The managing director of Iran's Power Generation, Transmission, and Distribution Management Company (Tavanir) said: The country's electricity industry is transitioning from traditional models to advanced and resilient ones in critical and sensitive conditions.

Capacity for collecting flare gases increases

TEHRAN- The capacity for collecting associated petroleum gases has increased with the implementation of new projects, and the target of reducing flaring to 35 million cubic meters per day is being pursued.

Small solar power plants to be developed for electricity generation at consumption point

TEHRAN- An official said: The most important advantages of small-scale and distributed power plants include generating electricity near the point of consumption, reducing grid losses, enhancing passive defense, and creating economic benefits for investors.

Reviving economic relations with Italy a priority: Iran’s envoy

TEHRAN- In the meeting between Ali-Akbar Rezaei, Iran's ambassador-designate to Italy, and Samad Hassanzadeh, the head of the Iran Chamber of Commerce, the capacities for economic cooperation between the two countries, the role of the private sector in developing commercial relations, and ways to restore Italy's position as one of Iran's traditional partners in Europe were examined.

TCCIMA proposes private sector role in Hormuz governance model

TEHRAN- At the 12th meeting of the Corporate Governance Committee of the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) held with the presence of a member of the National Security and Foreign Policy Committee of the Parliament, developments related to the governance of the Strait of Hormuz and the Persian Gulf, proposals put forward in policy-making bodies, as well as their effects on the private sector and the country's trade were examined.

‘US has taken global food security hostage by naval blockade of Iran’

TEHRAN- A member of the Iran Cooperative Chamber, regarding the potential impacts of the American naval blockade against Iran and the closure of the Strait of Hormuz, said: "It's not that we say this regime has blockaded Iran—no, it has practically taken the world hostage."

Small-scale power plant generation capacity increased by 260MW

TEHRAN- The Deputy for Planning and Economic Affairs of TAVANIR Company (Iran's Power Generation, Transmission, and Distribution Management Company) stated that despite the damages inflicted on a portion of the electricity industry's facilities during the recent imposed war, the generation capacity of small-scale power plants has increased from 1,430 MW at last year's peak load to over 1,692 MW this year.

TPO head, Pakistani ambassador discuss expanding Iran-Pakistan trade ties

TEHRAN- Head of the Trade Promotion Organization of Iran (TPO), in a meeting with Pakistan's Ambassador to Iran, while emphasizing the importance of facilitating the activities of the private sector in both countries, stressed the necessity of utilizing existing capacities to develop and deepen the economic and commercial relations between Iran and Pakistan.

‘Shifting export track from raw material sales to finished goods, a necessity’

TEHRAN- The Head of the Trade Promotion Organization of Iran (TPO), during a meeting with representatives and the board of directors of the Iran Guilds Chamber, announced the formulation of a new roadmap for a leap in non-oil exports and emphasized the strategic necessity of transitioning from raw and semi-raw material exports to high-value-added finished goods.

Renewable power generation capacity to hit 12,000MW by next March

‘Shifting export track from raw material sales to finished goods, a necessity’ TEHRAN- The Head of the Trade Promotion Organization of Iran (TPO), during a meeting with representatives and the board of directors of the Iran Guilds Chamber, announced the formulation of a new roadmap for a leap in non-oil exports and emphasized the strategic necessity of transitioning from raw and semi-raw material exports to high-value-added finished goods. According to the Public Relations Department of the Trade Promotion Organization of Iran, this meeting was held with the aim of explaining new structures for guild participation in the international supply chain and examining operational solutions to remove administrative, currency, and regulatory obstacles facing guild exporters. The Head of the Trade Promotion Organization of Iran, pointing to the structural challenge of the country's trade balance from a qualitative perspective, stated: One of the fundamental and problematic issues in foreign trade is the low average value of export goods compared to import items. Currently, the average value per ton of the country's export goods is about $300, while this figure for imported goods reaches about $2,000 per ton. This deep gap indicates the continuation of the traditional approach and reliance on raw material sales in the country's economy. Emphasizing the need to enhance Iran's position in the global value chain, he added: A major portion of our non-oil exports is concentrated in upstream industries such as the steel chain, iron ore, pellets, and ingots, whose marketing and sales, due to the nature of raw materials, lack the scientific complexities of trade. In contrast, production and distribution guilds deal with a chain of finished and ready-to-consume goods (such as furnitu

Tehran, Islamabad place emphasis on developing direct trade, increasing trade exchanges

TEHRAN- Imran Ahmed Siddiqui, Pakistan's Ambassador to Iran, and Mahmoud Najafi Arab, Head of the Tehran Chamber of Commerce, held a joint meeting with the presence of Hesameddin Hallaj, Deputy for International Affairs and Trade Development of the Tehran Chamber, Ayman Juwairiyah, Commercial and Investment Attaché of the Embassy of Pakistan in Iran, and Peyman Sanandaji, Head of the Transportation Committee of the Tehran Chamber.

Vietnam ready to invest in Mazandaran province

TEHRAN- The Governor of Mazandaran announced Vietnam's readiness to invest in the province and said: The economic, scientific, agricultural, and tourism capacities of both sides were explored in a meeting with the Vietnamese Ambassador to develop joint cooperation.