Aras Free Zone, Railways sign agreement to turn Jolfa into a transit hub

TEHRAN- The Aras Free Zone Organization and the Railways of the Islamic Republic of Iran (RAI) have signed an agreement to transform Jolfa into a major transit and logistics hub, IRIB reported.

Developing exploration standards, expanding private sector participation, top priorities of IMIDRO

TEHRAN – The head of the executive board of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) emphasized the need to transform the country's mineral exploration policies, saying that developing national exploration standards, expanding private sector participation, attracting foreign investors, and training specialized human resources will be the main pillars of Iran's mineral exploration development program.

Iran, Turkey eye deeper economic cooperation as ICCIMA pushes economic diplomacy

TEHRAN- During a meeting with the Head of the Turkey–Iran Parliamentary Friendship Group, the Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said that expanding economic, social, and cultural cooperation among nations can help prevent conflicts and wars. He stated that economic diplomacy should be employed as an instrument for promoting peace.

Kazakh investment at Shahid Rajaei Port to triple bilateral trade, guarantee 1.5m-ton-transit

TEHRAN- The Head of Iran’s Ports and Maritime Organization said that with the implementation of the Kazakhstan investment agreement at Shahid Rajaei Port, the volume of goods traded between the two countries will increase threefold, and the annual transit of 1.5 million tons of goods will be guaranteed.

Africa can supply part of Iran's import needs

TEHRAN- The head of the Iran-East Africa Joint Chamber of Commerce announced plans to develop trade and investment relations with African countries and said: The vast capacities of this continent can meet part of Iran's import needs, and in return, Iran will also export the industrial goods and products required by these countries.

NIDC completes drilling of 23 oil, gas wells in Q1

TEHRAN- The CEO of the National Iranian Drilling Company (NIDC) said: 23 oil and gas wells were drilled and completed in the first three months of this Iranian calendar year (March 21-June 20), through the efforts of the drilling crews and the utilization of the company's drilling fleet, in the country's onshore and offshore oil-rich areas.

Iran, Azerbaijan discuss joint investment, greater use of border trade capacity

TEHRAN- The head of the Iran Chamber of Commerce, Industries, Mines and Agriculture and the head of the National Confederation of Entrepreneurs' Organizations of the Republic of Azerbaijan emphasized the expansion of joint investments between the two countries and making greater use of border trade capacity.

Iran-UAE trade reactivated

TEHRAN- The Deputy for Commercial Services of Iran's Trade Promotion Organization announced the reactivation of trade exchanges between Iran and the UAE via Jebel Ali Port, one of the most important ports in the southern Persian Gulf.

Iran, Kazakhstan sign $25m contract for establishing a logistics center at Shahid Rajaei Port

TEHRAN- The investment contract for establishing a logistics center of the Republic of Kazakhstan in the hinterland of Shahid Rajaei Port, in Iran’s southern Hormozgan province, was signed in a ceremony attended by the head of Iran’s Ports and Maritime Organization (PMO), and Ontalap Onalbayev, the Ambassador of the Republic of Kazakhstan in Tehran.

Tehran, Muscat decide to form a joint committee to implement provisions of customs agreement

TEHRAN- The heads of customs of Iran and Oman, on the sidelines of the World Customs Organization summit, emphasized the operationalization of the provisions of the agreement on mutual administrative assistance in customs matters and proposed the formation of a joint committee regarding the implementation of the agreement's provisions.

Iran-China reach preliminary agreement to sign railway customs cooperation document

TEHRAN- The heads of customs of Iran and China agreed to sign a railway customs cooperation document with the aim of facilitating and increasing trade exchanges between the two countries.

Iranian delegation under title ‘Minab 168’ attends Shanghai Business Forum

TEHRAN- Ghadir Ghiyafeh, the Vice President of the Iran Chamber of Commerce, Industries, Mines and Agriculture, speaking at the Shanghai Cooperation Organization Business Forum in Bishkek, Kyrgyzstan, emphasized the need to strengthen economic cooperation among member states and declared that despite the recent aggression by the United States and Israel against Iran, the resistance and resilience of the Iranian nation has strengthened the country's determination to develop regional cooperation and economic integration more than ever before.

ICCIMA board of representatives presents reports in trade, currency, transport, transit

TEHRAN- During the 33rd session of the 10th term of the Board of Representatives of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) while issuing a statement centered on appreciating the warriors and veterans of the Ramadan War and supporting the negotiation process and the agreement, entrepreneurs hosted Mohammad Reza Aref, the First Vice President of Iran.

By Mahnaz Abdi

Iran emerges as critical transit link between Iraq, Afghanistan, South Asia

TEHRAN- Recent developments in Iran's transport and logistics sector have underscored the country's growing importance as a regional transit hub connecting the West Asia with Central and South Asia.

Trump's Iran war: A $40 billion catastrophe that hurts Americans most

TEHRAN- When Donald Trump last week declared victory in his war against Iran, he painted a picture of American triumph. "OIL IS FLOWING, IRAN CAN NEVER HAVE A NUCLEAR WEAPON... PRICES ARE DROPPING," he boasted on social media. But a comprehensive CNN analysis of the 100-day conflict reveals a devastating reality that the President's all-caps pronouncements cannot obscure: this was a war that bankrupted American taxpayers, emptied the nation's strategic reserves, and inflicted economic pain on ordinary families—all while killing more than 7,500 civilians in the region.

Robustness of Iran’s food security structure proven during crises: agriculture minister

TEHRAN- The minister of agriculture, emphasizing the high resilience of the country's food security system, stated: Despite wars and domestic and international challenges over the past year, not the slightest disruption has occurred in ensuring Iran's food security, and now, relying on science and technology, dependencies in strategic areas must be reduced.

‘Reducing Iran's oil exports to zero; A wish that never came true’

TEHRAN- The admission of the ineffectiveness of oil sanctions against Iran comes after the signing of the memorandum of understanding ending the war between America and the Zionist regime against Iran, voiced by American officials. This follows Mohsen Paknejad, the oil minister, having previously responded decisively to Donald Trump's "maximum pressure" order aimed at reducing Iran's oil exports to zero, declaring that America's maximum pressure policy on Iran's oil exports has failed and that reducing Iran's oil exports to zero is a wish they will never achieve.

Annual monetary, forex policy conference calls for structural economic reform, inflation control

TEHRAN- The 33rd Annual Conference on Monetary and Foreign Exchange Policies opened on Sunday morning under the theme “Requirements for Aligning Fiscal and Trade Policies with Monetary and Foreign Exchange Policies to Protect the National Currency and Control Inflation.” The event was attended by the President of Iran and held at the Central Bank of Iran’s conference center.

Combined rail transit from Iraq to Afghanistan begins from Kermanshah railway station

TEHRAN- The Director General of the Arak and Kermanshah Railway Region said: In an important step in the development of international transport corridors and increasing the railway's share in regional transit, the first combined rail transit shipment from Iraq to Afghanistan was operationalized through the western axis of the country and Kermanshah freight station.

Iran submits proposals for expanding energy co-op among SCO member states

TEHRAN- Iranian deputy energy minister, at the Shanghai Cooperation Organization (SCO) Energy Ministers' meeting, emphasizing the necessity of expanding regional cooperation in the energy sector, presented five operational proposals of the Islamic Republic of Iran for the development of energy cooperation among the member countries of this organization.

Iran, Russia discuss expansion of energy cooperation

TEHRAN- Iran’s Deputy Energy Minister Mostafa Rajabi Mashhadi announced a bilateral meeting with the Russian Energy Minister on the sidelines of the 6th Meeting of Energy Ministers of the Shanghai Cooperation Organization (SCO) in Bishkek, Kyrgyzstan.

Iran presents its priority project list to Islamic Development Bank

TEHRAN- The Deputy Minister of Economic Affairs and Finance and Head of the Organization for Investment, Economic and Technical Assistance of Iran, as the alternate member of the Board of Executive Directors of the Islamic Development Bank, met and held talks with Mohammed Al-Jasser, the President of the Islamic Development Bank.

Tehran, Moscow focus on banking co-op development, facilitating trade exchanges

TEHRAN- The Governor of the Central Bank of Iran (CBI), in a meeting with the Governor of the Central Bank of Russia, emphasized the expansion of banking cooperation, increasing bilateral trade, and strengthening the North-South Corridor.

Iran's plan to connect electricity grids of SCO member states welcomed

TEHRAN- The Deputy Head of the Renewable Energy Organization and Electricity Energy Efficiency Organization (SATBA) announced the welcoming of Iran's plan to connect the electricity grids of Shanghai Cooperation Organization (SCO) member states and said: The development of renewables has increased the opportunity for convergence.

Urgent plan to increase gas production launched

TEHRAN- The Minister of Oil has announced the implementation of an urgent plan to boost gas production in the onshore sector, stating: "Utilizing all available capacities, the program to increase gas production—alongside field development and associated gas gathering—is being pursued with accelerated momentum."

Iran, Kazakhstan pledge to integrate logistics chains, boost bilateral trade to $3b

TEHRAN- Farzaneh Sadegh, Minister of Transport and Urban Development of Iran, traveled to Kazakhstan to follow up on the agreements made during the President's visit.

Private sector proposals presented to parliament speaker on Iran-China economic ties

TEHRAN- The head and a group of members of the Board of Directors of the Iran Chamber of Commerce, Industries, Mines and Agriculture, along with a number of representatives from chambers of commerce, specialized committees, economic organizations, and joint chambers of commerce, met and held talks with Parliament Speaker Mohammad Baqer Qalibaf on Wednesday, June 17.