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Today 18:51
ICCIMA head, Mexican ambassador in Tehran explore ways to expand trade relations, joint co-op
TEHRAN- The Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and the Mexican Ambassador in Tehran, during a meeting while emphasizing the importance of exchanging trade delegations between the two countries for greater familiarity of economic activists with each other's capacities, discussed the necessity of establishing a joint committee aimed at greater coordination in developing trade and investment relations.
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Today 18:43
Annual car production stands at 926,000
TEHRAN- A recent report by the Iranian Parliament's Research Center on the automotive industry reveals that 926,000 vehicles were produced in the past Iranian calendar year 1404 (ended on March 20), marking a 17.4% decline compared to the previous year.
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Today 17:05
Iran, Russia forge ahead with financial co-op as Tehran aims to transform customs into passage point
TEHRAN – Iran's Minister of Economic Affairs and Finance, offering a positive assessment of the outcomes of his meeting with his Russian counterpart, stated that significant progress has been made in bilateral interactions concerning financial and monetary matters. He also announced that with the implementation of two new plans, customs are set to become places of passage rather than stoppage.
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Yesterday 16:22
Over 2,800 mining machines placed on track for overhaul
TEHRAN- The CEO of the Mining Investment Insurance Fund, noting the fund's support for 960 private mines, stated that 2,815 mining machines have been placed on track for procurement and modernization.
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Yesterday 16:09
‘Economic blockade is difficult in a multipolar world’
TEHRAN- The head of the Iran-Russia Joint Chamber of Commerce, stating that the aim of US sanctions is to increase the costs of Iran's economic transactions, said: "In today's multipolar world, an absolute economic blockade against Iran is difficult, and shared economic interests are an important strategy for countering these oppressive measures."
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Yesterday 16:07
Details of reconstructing 27 airports across Iran after war outlined
TEHRAN- The CEO of Iran Airports and Air Navigation Company, outlining the jihad-style efforts undertaken after the ceasefire, reported the rapid reconstruction of runways and navigation systems at 27 damaged airports across the country, relying on the expertise of domestic personnel and collaboration with knowledge-based companies.
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2026-09-06 15:39
Tehran, Baku emphasize development of transit, infrastructure cooperation
TEHRAN- Farzaneh Sadegh, Iran's Minister of Transport and Urban Development, and Shahin Mustafayev, Deputy Prime Minister of Azerbaijan, held a telephone conversation to review the latest developments in bilateral relations and explore ways to expand economic ties, particularly in transit, energy, and border infrastructure.
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2026-09-06 15:35
‘Iranian people build Iran's economy, not U.S. Treasury Department’
TEHRAN- The Minister of Economy, reacting to the U.S. Treasury Secretary's remarks about intensifying sanctions and economic pressure on Iran, said: "The notion that pressure on Iran's economy can change the decisions of a nation is a mistake."
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2026-09-06 00:43
Border rail exchanges proceeding uninterruptedly
TEHRAN- The Director General of Foreign Trade at the Islamic Republic of Iran Railways, emphasizing the normal and growing flow of exchanges across all 13 railway border crossings, has denied rumors about the suspension of transit operations and announced plans to double transit capacity at northeastern borders and develop ports connected to the rail network.
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2026-09-05 18:00
South Pars Phase 11 on verge of producing 1b cubic feet of gas
TEHRAN- South Pars Phase 11 has witnessed a significant production surge and simultaneous developmental progress during the 14th government. Production at Location B, which stood at around 400 million cubic feet per day during the 12th and 13th governments, has now exceeded 915 million cubic feet per day in the 14th government. According to the schedule, with the connection of the 12th well in the coming weeks, it will reach maximum production of 1 billion cubic feet per day.
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2026-09-05 17:51
TCCIMA to dispatch trade delegation to Kazakhstan intl. oil, gas exhibition, conference
TEHRAN- The 30th Kazakhstan International Oil & Gas Exhibition and Conference (KIOGE 2026) will be held from September 30 to October 2, 2026 (8 to 10 Mehr 1405) in Almaty. The Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) intends to dispatch a trade delegation consisting of economic activists and capable Iranian companies to Kazakhstan concurrently with this event.
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2026-09-05 17:47
Activating border crossings, expand mining capacity necessary in Ilam: industry minister
TEHRAN- The Minister of Industry, Mining and Trade emphasized the need to strengthen the Mehran border crossing and activate other crossings and border markets in Ilam, stating: "We must utilize the capacity of cross-border trade laws and, by developing border markets, increase the province's share of the country's trade."
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2026-09-05 17:31
Oil minister details 2-year achievements: flare gas up, exports unbroken, production rising
TEHRAN- Iran's Oil Minister Mohsen Paknejad has reported significant progress in the country's oil and gas sector during the first two years of the 14th government.
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2026-09-04 16:52
‘Arvand Martyrs Bridge is just beginning of a larger development path’
TEHRAN- The Secretary of the Supreme Council of Free Trade and Special Economic Zones, emphasizing the need to continue the development process in the Arvand Free Zone, stated that the inauguration of the Arvand Martyrs Bridge is not the end of a construction project, but rather the beginning of a larger path for implementing infrastructural, economic, and developmental projects in Abadan, Khorramshahr, and the Arvand Free Zone.
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2026/09/04
From naval blockade to land corridors: Iran's strategic pivot
TEHRAN- Iran's maritime trade has faced serious disruption due to geopolitical tensions and sanctions, but this challenge has unexpectedly accelerated the development of land-based transit routes. What initially appeared as a strategic vulnerability—over-reliance on the Strait of Hormuz—is now forcing a fundamental shift in the country's trade infrastructure. The result could transform Iran from a sea-dependent economy into a regional transit hub connecting East, West, North, and South.
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2026-09-02 15:51
Iran accelerates joint oil, gas fields development in 2 years
TEHRAN- According to IRNA, Iran holds approximately 158 billion barrels of proven crude oil reserves—ranking third or fourth in the world—and over 32 trillion cubic meters of natural gas reserves, placing it second globally after Russia, making it one of the world's primary energy hubs. This hydrocarbon wealth is largely concentrated in the Zagros sedimentary basin in the southern and southwestern onshore areas and the Persian Gulf basin.
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2026-09-02 15:42
Pakistani ambassador hails Iran's crash test center as successful private sector model
TEHRAN - Pakistan's ambassador to Iran has described the crash test center as a successful example of Iran's private sector, stating: "We can begin this cooperation by drafting and signing a preliminary agreement. We hope that conditions will soon move in a direction that allows us to provide the necessary and additional infrastructure to expand this cooperation."
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2026-09-02 15:33
Economic siege will not halt Iran's trade: ICCIMA official
TEHRAN- The head of the Customs Committee of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), emphasizing that sanctions and economic sieges cannot completely halt the country's foreign trade, said: Given Iran's geographical location, geopolitical capacities, and numerous neighbors, the country has diverse routes available to continue its trade exchanges.
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2026-09-01 17:02
Government's policy is directing electricity toward productive economic activities: energy minister
TEHRAN- The Minister of Energy stated that the policy of the 14th government is to direct electricity toward productive economic activities, and said: "Supplying electricity to industries with the aim of developing GDP and creating economic value is among the government's programs in the energy sector."
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2026-09-01 17:00
CBI governor to Trump: Iran has foreign currency, and enough of it
TEHRAN- The 36th Islamic Banking Conference commenced on Tuesday morning (September 1, 2026) at the Central Bank's Abbasabad Museum Garden building, with the presence of Abdolnasser Hemmati, Governor of the Central Bank of Iran (CBI), members of the Central Bank's Jurisprudential Council, and a group of senior managers and experts from the country's banking system.
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2026/09/01
By Mahnaz Abdi
Iran, Kyrgyzstan review proposal for joint oil refinery construction
TEHRAN – In a significant move toward deepening energy and economic ties, Iran and Kyrgyzstan have agreed to jointly review a proposal for the construction of an oil refinery in Kyrgyzstan. The announcement came on the sidelines of the Shanghai Cooperation Organization (SCO) and Shanghai-Plus summit held in Kyrgyzstan on Monday.
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2026/08/31
Trump's Venezuelan delusion: Same foolish blueprint he plots for Iran
TEHRAN – In a move that exposes both his strategic shortsightedness and his penchant for delusional grandiosity, US President Donald Trump has announced plans to refill America's depleted Strategic Petroleum Reserve using Venezuelan oil. The scheme, which Trump has bizarrely described as a "gift from Venezuela to the American people," reveals a fundamental misunderstanding of energy markets, infrastructure realities, and geopolitical dynamics—a dangerous combination that now threatens to be replicated in US policy toward Iran.
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2026-08-31 10:19
Expansion of electricity generation capacity continues
TEHRAN- An official has stated that in the renewable energy sector, production capacity has increased from 1,250 megawatts to approximately 7,000 megawatts, and in the thermal power plant sector, about 3,000 megawatts have been added to the country's generation capacity.
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2026-08-31 10:14
Rebuilding damaged industries to protect production, ensure financing supply chain stability
TEHRAN- The US-Zionist imposed war, in addition to causing direct damage to some production units, also affected parts of the country's industrial supply chains. However, planning for the swift return of damaged units to the production cycle and preventing the halt of related industries has now become one of the central axes of industrial policymaking. In this path, securing financial resources, prioritizing strategic industries, and utilizing domestic capacities form the basis of support measures.
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2026-08-30 16:45
Operational plan to be prepared for building a ‘Stronger Iran’: economy minister
TEHRAN- The Minister of Economic Affairs and Finance of Iran stated: "A stronger Iran can be achieved through unity and empathy, and by making maximum use of the capacity of elites and the people."
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2026-08-30 09:24
Drilling of wells in joint Balal field enters new phase
TEHRAN- The project manager of the joint Balal gas field development plan announced the completion of drilling for two wells in the field, stating that upon its commissioning, Iran's daily gas production capacity will increase by approximately 14 million cubic meters, offsetting part of the country's gas imbalance.
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2026-08-30 09:24
Iran's agricultural production reaches 137 million tons
TEHRAN- The Deputy Agriculture Minister for Cultivation Affairs stated that while the agricultural sector plays a fundamental role in ensuring the country's food security, agricultural production has risen from approximately 130 million to 137 million tons despite drought, water resource constraints, sanctions, and existing imbalances.
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2026-08-28 17:08
Iran's oil delivery to customers continues: oil minister
TEHRAN- The Oil Minister stated that the process of selling crude oil outside Iran's territorial waters and in distant waters, as well as delivering it to customers, is still ongoing.
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2026-08-28 17:06
New hydrocarbon reserves discovery demonstrates unstoppable nature of oil industry’
TEHRAN- A member of the Energy Committee of the Parliament stated that the discovery of new hydrocarbon reserves indicates that the development of the oil industry has not come to a halt even under wartime conditions.
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2026-08-28 17:04
ICCIMA head, German ambassador discuss ways to improve Iran-Germany level of relations
TEHRAN- Samad Hassanzadeh, the Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), said in a meeting with Axel Dittmann, the German Ambassador in Tehran: "The Iran Chamber is moving forward on the path of developing trade and technology transfer, and is striving to increase the volume of Iran's international relations with the help of joint chambers."