Government, parliament must reach a common understanding to manage economic conditions: Qalibaf

TEHRAN- Parliament Speaker Mohammad-Baqer Qalibaf, emphasizing the necessity of coordination and consensus between the government and parliament in managing the country's economic conditions, said: "Accurate assessment of the current situation and outlining upcoming scenarios can provide the basis for more effective decision-making to improve people's livelihoods and manage economic challenges in the second half of the year."

World standards day ceremony held in Tehran

TEHRAN- The ceremony commemorating World Standards Day was held on the morning of October 13, under the slogan "Shared Vision for a Better World" and focusing on "Clean and Affordable Energy." The event was organized by the National Standards Organization of Iran and attended by a number of national officials and those active in the quality sector at the Summit Hall.

Financial transactions with Russia are possible: TPO head

TEHRAN- Mohammad Ali Dehghan Dehnavi, Head of Iran’s Trade Promotion Organization (TPO), in response to a question about the organization’s measures to facilitate financial exchanges between Iranian traders and the member countries of the Eurasian Economic Union (EAEU), especially Russia, said: “One of the important issues in trade development is preferential and free trade agreements, which have been pursued seriously in the recent period and are being developed.”

Housing Foundation announces allocation of 70,000 rural land plots to applicants

TEHRAN- The head of the Housing Foundation of the Islamic Revolution said: Under the Housing Foundation’s legal mandate in the Seventh Plan, 70,300 land plots in villages have been allocated, and information on 320,000 units has also been uploaded to the relevant system.

‘Using petrochemical capacities to strengthen national economy required’

TEHRAN- The acting minister of oil, emphasizing the need to strengthen the governance role of the National Petrochemical Company, said: The capacities of the petrochemical industry must be used to create employment, increase production, generate income, and strengthen the country’s economy.

Exports continue through alternative routes: TPO head

TEHRAN- The head of the Trade Promotion Organization (TPO), referring to the effects of trade restrictions and a 34 percent drop in the weight of the country’s foreign trade in the first six months of this year, said: At the same time, part of exports is still being carried out by sea, and another part through corridors and land and rail routes. He also called rumors about the closure of some of the country’s borders incorrect.

International Shiraz Expo opens with 343 foreign guests from 13 countries

TEHRAN- The opening ceremony of the second International Shiraz Expo was held on Sunday, October 11, in the presence of Seyyed Reza Salehi Amiri, Minister of Cultural Heritage, Tourism and Handicrafts; Hossein-Ali Amiri, Governor of Fars; and representatives of the people of Fars in the Parliament.

Iran, Turkmenistan emphasize expansion of parliamentary, economic cooperation

TEHRAN- Farzaneh Sadegh, Iran’s Minister of Transport and Urban Development and Chair of the Iran–Turkmenistan Joint Economic Cooperation Committee, met Dunyagozel Gulmanova, Speaker of the Assembly of Turkmenistan.

By Mahnaz Abdi

Tehran showcases urban market management, food security expertise to foreign delegations

TEHRAN- Tehran Municipality’s first program in the series of specialized visits “Introducing Tehran’s Urban Management Capabilities,” focusing on urban markets, logistics, and food security, was held on Saturday, October 10, in cooperation with the Economic Cooperation Organization (ECO) and the Asian Mayors Forum (AMF).

South Pars pressure boosting project to accelerate

TEHRAN- The deputy chairman of the Energy Committee of the Parliament, referring to the oil industry’s efforts to advance the South Pars pressure enhancement project, said: The recent approval issued by the Economic Council paves the way for accelerating the implementation of this national project.

Hormozgan non-oil trade stands at $8b in H1

TEHRAN- The supervisor of customs in Hormozgan Province, citing a 97% increase in the province’s customs revenues, said that in the first half of the current year, more than 14,370,000 tons of goods worth over $8 billion were exported and imported through the province’s customs.

CNG consumption increases by 12%

TEHRAN- The CEO of the National Iranian Oil Refining and Distribution Company, regarding the impact of implementing the third-tier gasoline rate on the fuel consumption pattern, said: The implementation of this plan has had two effects; in the CNG sector, we have witnessed about a 12% growth in consumption, and the willingness to use this fuel, especially in public transportation and online platforms, has increased.

By Mahnaz Abdi

New horizons open for Iran-Afghanistan economic co-op during Iran’s trade delegation’s trip to Kabul

TEHRAN- During the trip of a trade delegation from the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), led by Ghadir Qiyafeh, Vice President of the Chamber, to Kabul, the capacities for Iran-Afghanistan cooperation in mining and mineral industries, agriculture and conversion industries, technology transfer, and the creation of production and processing chains were examined.

New investment opportunities reviewed in meeting between Yazd entrepreneurs, South Korean ambassador

TEHRAN- The meeting of the entrepreneurs of Yazd Province with the South Korean Ambassador was held at the Yazd Chamber of Commerce, Industries, Mines, and Agriculture, with the aim of developing economic diplomacy and expanding trade relations.

We will not allow illusions of Iran’s enemies to become reality: acting oil minister

TEHRAN- The caretaker of the Ministry of Oil, emphasizing the oil industry’s role in advancing the country’s economy, announced: We will not allow the illusions and calculations of Iran’s enemies to become reality.

Oil sales policies being pursued as seriously as ever: acting oil minister

TEHRAN- According to Mehr News Agency, citing the Ministry of Oil, Hamid Bovard, on Tuesday, on the sidelines of his introduction ceremony as Acting Minister of Oil, said regarding the ministry’s most important plans: The industry’s current programs in production and development are continuing and are being pursued with greater speed and precision.

Iran's share of Russia's $300b market is negligible: TPO head

TEHRAN- The Head of Iran's Trade Promotion Organization (TPO), stating that Iran's share of the Russian market must increase, said: This country imports about $300 billion annually from various countries around the world, and despite the progress made, Iran's share of this large market is still negligible.

Expansion of technical-engineering cooperation between Iran, Afghanistan on agenda

TEHRAN- The Minister of Energy, referring to the goals of his trip to Afghanistan, listed the expansion of technical and engineering cooperation with neighbors and said: Currently, there are good interactions between the two countries.

Kabul hosting 180-member Iranian private sector trade delegation

TEHRAN- Afghan media reported the arrival of a 180-member trade delegation from Iran’s private sector to participate in the Kabul International Exhibition and discuss expanding exchanges and investment between the two countries.

Program prepared for 117 technological projects in oil, gas

TEHRAN- The proposed package of 117 technological projects for the oil and gas industry, prepared with the direct cooperation of 42 entities, was reviewed at a meeting of the Special Headquarters for Technology Development chaired by Mohammad Reza Aref, First Vice President.

Tehran to host INVEX 2027 in early Feb. 2027

TEHRAN- The content secretary of INVEX 2027 announced the holding of this conference and exhibition on banking, stock exchange, insurance, and investment in Tehran during February 4-7, 2027.

Hamid Bovard appointed as acting oil minister

TEHRAN- According to Shana, Masoud Pezeshkian, in a decree, while accepting the resignation of Mohsen Paknejad from the position of Minister of Oil, appointed Hamid Bovard as acting head of the ministry.

Iran, Belarus stress expanding monetary, banking cooperation

TEHRAN- The 19th meeting of the Joint Committee for Economic Cooperation between the Islamic Republic of Iran and the Republic of Belarus, held in Minsk with high-level delegations from both countries, focused on facilitating banking transactions and expanding financial cooperation.

Development of mobile dispatching center launched across country

TEHRAN- The Minister of Energy ordered: After the launch of the first center in Khorasan Razavi Province, the mobile dispatching model should be developed nationwide, and the Deputy for Electricity and Energy was tasked with drafting the necessary directives to implement the plan.

Domestic breakthrough: South Pars Phase 11 reaches full 1 bcf/d output

TEHRAN- Iran’s South Pars Phase 11 has reached a major milestone: after years of delays and the withdrawal of foreign partners such as France’s Total and China’s CNPC, the project has achieved its nominal production ceiling of 1 billion cubic feet per day at offshore position B, relying on domestic expertise.

From Bazargan to Mersin: how Iran, Turkey plan to reach $30b in trade

TEHRAN- Iran and Turkey, aiming to increase trade to $30 billion, are pursuing the development of the Bazargan border, the launch of a fourth crossing, strengthening rail and road transport, and establishing a joint Khoy–Van–Mersin free zone.

A failed, incapable, vulnerable America: Scope Ratings exposes Washington’s unsustainable debt path

TEHRAN- The United States is being portrayed not as an exceptional economic power, but as an increasingly incapable and inefficient fiscal manager, dangerously exposed to the whims of investors and unable to control its own borrowing. According to Bloomberg, citing Scope Ratings, America’s “exceptionally large” budget deficits and inexorably rising debt have left it “increasingly exposed” to shifts in market sentiment.

Gas delivery to industries increases by 1bcm

TEHRAN- The CEO of the National Iranian Gas Company, outlining the performance of the first six months of this year, reported stability in supplying fuel to the country’s power plants and industries despite reduced production at South Pars, and said that in the sector of industries and small businesses in the first half of this year, the volume of delivered gas was one billion cubic meters more than last year in the same period.

PMO head emphasizes activating idle port capacities by strengthening maritime diplomacy

TEHRAN- The Head of Iran’s Ports and Maritime Organization (PMO) announced the organization’s plan to activate the country’s idle port capacities, develop maritime diplomacy, and use the capacities of the embassies of the Islamic Republic of Iran to expand maritime trade and transport.