Today News
  • page 4 Yesterday 17:25

    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.

  • page 4 Yesterday 17:21

    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.

  • page 4 Yesterday 17:18

    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.

  • Pakistan 2026/08/05

    By Mahnaz Abdi

    Iran, Pakistan sing MOU to boost bilateral trade toward $10b target

    TEHRAN– Iran and Pakistan took a significant step toward deepening economic ties, signing a memorandum of understanding to expand trade cooperation during the 10th session of the Joint Trade Committee held in Islamabad. Both sides reaffirmed their mutual commitment to achieving the ambitious $10 billion target in bilateral trade and advancing toward a formal free trade agreement.

  • Page 4 2026-08-05 08:07

    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.

  • Page 4 2026-08-05 08:03

    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.

  • Pakistan 2026/08/04

    By Mahnaz Abdi

    Iran, Pakistan forge path to $10b trade milestone as joint committee meets in Islamabad

    TEHRAN- In a significant display of economic diplomacy, Iran and Pakistan have convened the 19th session of their Joint Trade Committee in Islamabad, with high-level delegations from both sides charting an ambitious course toward a $10 billion annual trade target that would fundamentally transform the economic landscape of the two neighboring countries.

  • oil reserve 2026/08/04

    US oil reserve strategy: A futile gamble amid Iran's Strait of Hormuz leverage

    TEHRAN- Washington's desperate bid to tame oil prices through strategic reserve releases is doomed to fail, experts warn, as Iran's commanding position in the Strait of Hormuz renders American threats increasingly hollow.

  • solar 2026-08-04 08:36

    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.

  • Iran-Italy 2026-08-04 07:03

    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.

  • page 4 2026-08-02 19:03

    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.

  • page 4 2026-08-02 18:57

    ‘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."

  • page 4 2026-08-02 18:50

    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.

  • Page 4 2026-08-01 16:06

    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.

  • Page 4 2026-08-01 16:00

    ‘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.

  • Page 4 2026-08-01 15:55

    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

  • Page 4 2026-07-31 17:29

    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.

  • Page 4 2026/07/31

    By Mahnaz Abdi

    Iran, Azerbaijan forge stronger economic ties with new customs agreement

    TEHRAN – In a significant step toward deepening bilateral economic relations, Iran and the Republic of Azerbaijan have signed a customs cooperation memorandum of understanding aimed at facilitating and accelerating trade and transit between the two neighboring countries.

  • Page 4 2026/07/31

    Trump's economic failure: 97,000 workers axed amid AI hype, negligence

    TEHRAN- The Trump administration’s hollow "America First" rhetoric stands fully exposed today, as devastating new employment data reveals a labor market spiraling out of control under a visibly inept White House.

  • Page 4 2026-07-29 16:49

    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.

  • Page 4 2026-07-29 16:43

    Iran, China vow to deepen strategic urban ties

    TEHRAN- The Mayor of Tehran, in a meeting with the Chinese Ambassador to Iran, emphasizing the strategic position of Iran-China relations, called for deepening urban management cooperation and accelerating the implementation of joint projects, especially in the field of public transportation.

  • Page 4 2026-07-29 16:39

    NDF allocates $1b in facilities to Agriculture Ministry for ensuring food security

    TEHRAN – The head of the National Development Fund (NDF) announced the allocation of one billion dollars in foreign currency facilities to the Ministry of Agriculture to strengthen strategic reserves and ensure the country's food security.

  • Page 4 2026/07/28

    By Mahnaz Abdi

    Iran-Pakistan border development: New horizons for trade, regional connectivity

    TEHRAN- Recent agreements between Iran and Pakistan represent a significant turning point in bilateral economic relations, with the shared border regions—particularly Iran's Sistan-Baluchestan province—emerging as the primary focal point for enhanced cooperation. With approximately 930 kilometers of shared border, Sistan-Baluchestan stands as Iran's only province with a land border with Pakistan, making it an indispensable gateway for bilateral exchanges.

  • Page 4 2026-07-28 19:52

    Iran, Turkmenistan examine development prospect of transport, energy, infrastructure co-op

    TEHRAN- Rashid Meredov, Minister of Foreign Affairs of Turkmenistan, and Farzaneh Sadegh, Minister of Transport and Urban Development of Iran, as the heads of the Turkmenistan-Iran Economic Cooperation Committee, held talks at the Ministry of Foreign Affairs of Turkmenistan in Ashgabat.

  • Page 4 2026/07/28

    Foolish Iran war, empty promises have made Trump America's most contemptible president?

    TEHRAN- The first eighteen months of Donald Trump's return to the White House represent nothing short of a catastrophic failure for the American people. Despite his grandiose promises of prosperity, lower prices, and a manufacturing renaissance, the Trump administration has delivered only economic instability, broken promises, and a dangerous war that threatens global stability.

  • Page 4 2026-07-27 18:06

    Annual tea production expected to increase by over 30%

    TEHRAN- The Head of the National Tea Organization stated that with the increase in the guaranteed purchase price of green tea leaves and favorable weather conditions, tea production is expected to rise by more than 30 percent compared to the previous year.

  • oil field 2026-07-27 18:02

    First smartification project of oil fields to be implemented in Darkhovin

    TEHRAN- The CEO of Arvandan Oil and Gas Company announced: The first smartification project of the country's oil fields will soon be implemented in the Darkhovin field.

  • Page 4 2026-07-27 17:57

    Iran Chamber of Commerce calls on Pakistan to set up green corridor for trade

    TEHRAN- Samad Hassanzadeh, the Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), said in a meeting with Imran Ahmed Siddiqui, the Pakistani Ambassador in Tehran, that trade between Iran and Pakistan does not have the necessary speed due to different customs mechanisms. He also proposed that Pakistan establish a green border corridor for the electronic transfer of documents.

  • Page 4 2026-07-26 18:38

    Pressure boosting plan in "Hub 1" of South Pars gas field kicks off

    TEHRAN- The pressure boosting plan for "Hub 1" of the joint South Pars gas field has entered the implementation phase with the aim of maintaining production capacity, preventing reservoir pressure drop, resolving the country's gas imbalance, and safeguarding Iran's share in this gas field.

  • Page 4 2026/07/26

    By Mahnaz Abdi

    Iran, Armenia forge comprehensive energy partnership

    TEHRAN – In a significant diplomatic push to deepen bilateral ties, Iran and Armenia have agreed on a sweeping new roadmap for energy cooperation, spanning electricity grid integration, hydroelectric development, and a fundamental overhaul of their gas-for-electricity trade mechanism.