Economy

By Mahnaz Abdi

Beyond the Strait: Hormozgan charts course from transit hub to economic powerhouse

TEHRAN- Strategically positioned at the mouth of the Strait of Hormuz—the world's most critical energy chokepoint—Iran's Hormozgan province serves as the nation's indispensable commercial gateway. Home to major ports like Shahid Rajaei, the country's largest container port, it is the primary hub for Iran's import, export, and transit trade, connecting global markets from the Persian Gulf to Africa and India.
President unveils economic drive in South Khorasan, touts national strength

TEHRAN – President Masoud Pezeshkian concluded a significant working visit to South Khorasan province, heralding a major injection of capital and a series of development projects aimed at boosting the regional and national economy.
Tehran, Minsk explore co-op opportunities in oil, petchem sectors

TEHRAN- Opportunities and capacities for cooperation between Iran and Belarus were discussed in the third session of the two countries' oil industry working group, which was held virtually, with the aim of following up and implementing the bilateral oil memorandum of understanding signed between Iran’s Oil Ministry and Belarus' Belneftekhim (an association of petrochemical companies in Belarus, subordinated to the Council of Ministers).

By Mahnaz Abdi

Beyond the Strait: Hormozgan charts course from transit hub to economic powerhouse

TEHRAN- Strategically positioned at the mouth of the Strait of Hormuz—the world's most critical energy chokepoint—Iran's Hormozgan province serves as the nation's indispensable commercial gateway. Home to major ports like Shahid Rajaei, the country's largest container port, it is the primary hub for Iran's import, export, and transit trade, connecting global markets from the Persian Gulf to Africa and India.
President unveils economic drive in South Khorasan, touts national strength

TEHRAN – President Masoud Pezeshkian concluded a significant working visit to South Khorasan province, heralding a major injection of capital and a series of development projects aimed at boosting the regional and national economy.
Iran, Turkey examine co-op in pharmaceutical, medical equipment industries

TEHRAN- At the webinar examining commercial cooperation in the pharmaceutical and medical equipment industries between Iran and Turkey, organized by the International Affairs and Trade Development Department of the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) and in cooperation and coordination with the Economic Section of the Turkish Embassy in Tehran, economic officials from the most important pharmaceutical and medical equipment associations of the two countries, while reviewing and analyzing cooperation opportunities for private sector companies from both sides, emphasized joint production and exports.
Iran to hold its 1st specialized exhibition of accounting, financial management, software

TEHRAN- The first specialized exhibition of accounting, financial management, software, and related services of Iran, titled "Hesab Expo," will be held from January 21 to 24, 2026, at Rose Mall Expo Center, in Tehran.
Transit of goods via Iran reaches 13.5m tons in 8 months

TEHRAN- As reported by the Islamic Republic of Iran Customs Administration (IRICA), 13.5 million tons of commodities was transited through Iran during the first eight months of the current Iranian calendar year (March 21-Novembre 21).
Tehran, Minsk explore co-op opportunities in oil, petchem sectors

TEHRAN- Opportunities and capacities for cooperation between Iran and Belarus were discussed in the third session of the two countries' oil industry working group, which was held virtually, with the aim of following up and implementing the bilateral oil memorandum of understanding signed between Iran’s Oil Ministry and Belarus' Belneftekhim (an association of petrochemical companies in Belarus, subordinated to the Council of Ministers).
There are 10.2 million honey bee colonies in 86,088 apiaries in Iran

TEHRAN- The deputy for livestock production affairs of the Ministry of Agriculture announced the completion of the apiary census in the country for the current Iranian calendar year 1404 (started on March 21) and stated that the census of 86,000 apiaries across 448 counties was completed this year.
Iran to back investments in Africa, boost exports with multibillion-dollar guarantees

TEHRAN – Iran will support investments by Iranian firms in Africa and efforts to expand exports to the continent, with export credit guarantees and development financing expected to underpin trade growth, the head of the Iran–Africa Joint Chamber of Commerce stated.
Govt. injects $300m into rail sector as private investment brings new locomotives, wagons

TEHRAN – Iranian government has allocated 150 trillion rials ($300 million) to the private sector to strengthen its rail fleet, paving the way for new locomotives and passenger wagons to enter service as part of the country’s Seventh National Development Plan, the head of the national railway company said.
Refinery upgrades accelerated to boost fuel quality

TEHRAN – Iran has stepped up the implementation of refinery upgrading projects aimed at improving the quality of petroleum products under the country’s Seventh National Development Plan, with resources and management now focused on three national priority projects, the head of the National Iranian Oil Refining and Distribution Company (NIORDC) said.