12 flare gas recovery, sales contracts signed under president’s directive

TEHRAN – Twelve contracts for the recovery and sale of flare gas from oilfields in southern Iran were signed on Saturday via video conference in the presence of President Masoud Pezeshkian and Oil Minister Mohsen Paknejad, according to the National Iranian Oil Company (NIOC).

Exhibition of new oil, gas, refining, petchem technologies opens in Isfahan

TEHRAN – The fourth edition of Iran’s exhibition on new technologies in the oil, gas, refining, and petrochemical industries opened Thursday evening at the Isfahan International Exhibition Center, bringing together leading domestic and international experts to showcase the latest advancements and promote cooperation across the energy sector.

Govt. targets investment growth in free trade zones to drive production

TEHRAN – Iran’s Minister of Economic Affairs and Finance, Seyed Ali Madanizadeh, said the government’s top economic priority for the Iranian year 1404 (2025–26) is to attract investment to boost production, with free trade zones positioned as key drivers of national growth.

Intl. Steel Industry Exhibition opens in Kish with 250 domestic, foreign firms

TEHRAN – The 27th Iran Steel Industry Exhibition has opened on Kish Island with the participation of 250 companies from Iran and abroad, showcasing the latest technological and industrial achievements in the sector.

Govt. finalizes comprehensive maritime-based development plan with 56 articles

TEHRAN – The representative of the president for coordinating maritime-based development policies said the government has completed and approved a comprehensive plan for sea-based development consisting of 56 articles, aimed at strengthening the participation of the public and private sectors alongside the government.

Iran, Indonesia to revive joint economic committee to boost bilateral cooperation

TEHRAN – Iran and Indonesia have agreed to relaunch their Joint Economic Committee to expand trade and technological collaboration, Iranian Minister of Information and Communications Technology Seyed Sattar Hashemi said in a meeting with Indonesian Ambassador Rouliansyah Roy Soemirat in Tehran.

Iran’s renewable power capacity surpasses 2,700 MW

TEHRAN – Iran’s renewable energy capacity has exceeded 2,700 megawatts, according to Mohsen Tarztalab, deputy energy minister and head of the Renewable Energy and Energy Efficiency Organization (SATBA), who emphasized the need for stronger facilitation by distribution companies to maintain the pace of growth, particularly in small-scale solar systems.

Iran ranks 79th globally in organic production

TEHRAN – Iran ranks 79th among 280 countries worldwide in the production of organic products, according to Seyed Reza Nourani, head of the Iran Organic Association.

Tehran hosts intl. power distribution conference focused on digital transformation

TEHRAN – The 29th International Conference on Power Distribution Networks opened on Saturday at the Niroo Research Institute, with the participation of officials and specialists from Iran’s electricity industry.

Iran, Uzbekistan explore trade potential to strengthen economic ties

TEHRAN – Uzbekistan’s Ambassador to Iran Fariddin Nasriev met with Mohammad Ali Dehghan Dehnavi, head of Iran’s Trade Promotion Organization (TPO) and deputy minister of industry, mining and trade, to discuss ways to expand bilateral economic relations and develop trade cooperation between the two countries.

Petchem projects under Iran’s 7th Development Plan reach 60% progress

TEHRAN – Iran’s National Petrochemical Company (NPC) announced that projects included in the country’s Seventh National Development Plan have achieved an average progress rate of 60 percent, with an estimated total investment requirement of around $26 billion.

Railway link seen vital to achieving $30b Iran-Turkey trade target

TEHRAN – Iran’s railway head highlighted the pivotal role of rail transport in meeting the $30 billion trade goal set by the presidents of Iran and Turkey, emphasizing the need for enhanced cooperation and infrastructure facilitation to expand freight and passenger transport between the two neighbors.

Iran, Japan seek closer trade ties focusing on health, food industries

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Head Samad Hassanzadeh met with Japan’s Ambassador to Tehran Tsukada Tamaki, to explore new avenues for trade cooperation between the two nations, emphasizing non-sanctioned sectors such as healthcare, agriculture, and food industries.

‘Power plant fuel reserves ready for winter, no blackouts expected’

TEHRAN – Iran’s Energy Minister Abbas Aliabadi said the country’s power plants are fully stocked with fuel for the winter, adding that no electricity shortages are expected in the coming months thanks to new generation projects and inter-ministerial coordination.

Iran, Pakistan, Turkey to relaunch container train service in December

TEHRAN – Iran and Pakistan have agreed to resume operations of the Islamabad–Tehran–Istanbul (ITI) container train in December, as part of a broader plan to boost rail connectivity and trade between the two neighbors.

Tehran, Dushanbe to expand capital market cooperation

TEHRAN – Iran has expressed readiness to assist Tajikistan in establishing a commodity exchange and developing its securities market, the Securities and Exchange Organization (SEO) said on Saturday.

Iran elected as chair of GECF executive board

TEHRAN – Iran has been elected as chair of the executive board of the Gas Exporting Countries Forum (GECF), and its proposal to transform the forum into an “Organization of Gas Exporting Countries” received broad support, Oil Minister Mohsen Paknejad said on Thursday.

Iran strengthens rail diplomacy at “Middle East Railway Forum”

TEHRAN – Iran’s rail diplomacy gained momentum at the 36th Regional Assembly of Middle East Railways (UIC RAME), attended by senior representatives from Turkey, Afghanistan, Saudi Arabia, and Syria, alongside officials from the International Union of Railways (UIC).

Iran calls for unity in reviving water resources at OIC water ministers’ meeting in Jeddah

TEHRAN – Energy Minister Abbas Aliabadi said it is time for Muslim countries to restore their shared heritage of water management through collective action, noting that cooperation rather than rivalry is essential for protecting vital water resources.

Kish Expo to host foreign investors in December

TEHRAN – The second edition of Kish Expo, an international investment conference and exhibition, will be held from December 9 to 14 on Kish Island, bringing together foreign investors, diplomats, and business leaders to explore new opportunities in Iran’s economy, organizers announced.

Iran-Uzbekistan trade being pursued to reach up to $2b: Uzbek envoy

TEHRAN- The Ambassador of Uzbekistan to Iran stated that trade relations between the two countries reached about $500 million last year, and added: "Considering the agreements between the presidents of the two countries, the goal of increasing this figure to up to $2 billion is being pursued."

Iran’s consul general in Dubai meets with heads of chamber of commerce, aviation authority

TEHRAN – Iran’s Consul General in Dubai Alireza Mahmoudi met with Mohammed Ali Rashid Lootah, Secretary-General of the Dubai Chambers, and Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, to discuss ways to facilitate trade and air travel between Iran and the United Arab Emirates (UAE).

Tehran holds 29th National Export Day celebration

TEHRAN- Iran’s 29th National Export Day celebration was held at the Tehran Summit Conference Hall with the presence of President Masoud Pezeshkian, Industry, Mining, and Trade Minister Seyed Mohammad Atabak, Head of Trade Promotion Organization of Iran (TPO) Mohammad-Ali Dehghan Dehnavi, Head of Iran Chamber of Commerce, Industries, Mining, and Agriculture Samad Hasanzadeh, Chairman of Industry and Mining Committee of the Parliament Reza Alizadeh, and a group of managers and traders.

Chabahar port to boost storage capacity by 50% through new development projects

TEHRAN – Iran’s Deputy Minister of Transport and Urban Development and Managing Director of the Ports and Maritime Organization (PMO), Saeed Rasouli, said on Tuesday that ongoing development and construction projects in Chabahar have pushed total public and private investment in the port to over 240 trillion rials (around $480 million), paving the way for a 50 percent increase in the storage capacity of essential goods.

Value of Iran’s e-commerce transactions hit $65b in H1

TEHRAN – The total value of e-commerce transactions in Iran reached 32.63 quadrillion rials (around $65 billion) during the first six months of the current Iranian year (March 21–September 22), marking a 52 percent increase compared with 21.24 quadrillion rials ($42 billion) in the same period last year, according to Hamid Toufighi, acting head of the Ministry of Industry, Mining and Trade’s E-Commerce Development Center.

Tehran, Moscow conduct 80% of trade in rubles, rials amid deeper economic ties

TEHRAN – Over 80 percent of trade between Iran and Russia is now conducted in their national currencies, the rial and ruble, marking a major step toward financial independence and reduced reliance on third-party currencies, the head of the Russia–Iran Business Council said.

Pakistan issues new executive order to boost barter trade with Iran

TEHRAN – Pakistan’s government has issued a new executive order aimed at promoting barter trade with Iran after months of consultation and review to address the concerns of both countries’ business communities, Pakistan’s ambassador to Tehran, Muhammad Mudassir Tipu, announced.

By Mahnaz Abdi

South Korean ambassador visits Tehran Times, highlights strengthening bilateral ties

TEHRAN – In a significant gesture underscoring the importance of Iran-South Korea relations, His Excellency Kim Junpyo, the Ambassador of the Republic of Korea to Iran, led a high-level delegation on a visit to the Tehran Times Newspaper and Mehr News Agency on Sunday, October 19.

Sponge iron export up 79% in 6 months on year

TEHRAN- The value of Iran’s sponge iron export rose 79 percent during the first half of the current Iranian calendar year (March 21-September 22), as compared to the same period of time in the past year, according to the Iranian Steel Producers Association (ISPA).