Iran is racing against time to complete the construction of a massive solar power plant in its central province of Isfahan, a project expected to supply electricity to nearly 2.5 million homes.
China has increased its use of Iranian railway corridors for cargo transit, an Iranian official has said, as Tehran steps up efforts to position itself as a major regional rail freight hub.
Figures released by the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) show that Iran’s economy, particularly its manufacturing sector, remained in contraction in November amid rising production costs and weakening domestic demand.
The Iranian Steel Producers Association (ISPA) says that the country’s steel production in the first eight months of the current Iranian calendar year (started March 21, 2025) registered a 5.4 percent growth.
Iran has seized a foreign oil tanker carrying 6 million liters of smuggled diesel in the Sea of Oman, authorities said, in a move aimed at combating regional fuel trafficking networks.
Iran has imported more than $400 million worth of wheat this year amid lower domestic output that has forced the government to ramp up purchases from regional suppliers.
A memorandum of understanding (MoU) was signed between Iranian and Omani officials to strengthen bilateral cooperation in the fields of flight operations, airport services, and strengthening air transportation infrastructures.
Industry Minister of the Republic of Belarus Andrei Kuznetsov has said that his country is interested in building joint pharmaceutical factories with Iran.
In a meeting with Belarus’s industry minister, Iran’s oil minister emphasized that Tehran has prepared a portfolio of oil and gas contracts aimed at attracting friendly partners.
Iran’s national airline, IranAir, has repaired three aircraft that had been grounded due to sanctions limiting Iranian airlines’ access to foreign-made parts and maintenance technology.
Two Russian senators have strongly rejected the European Troika’s attempts to restore sanctions against Iran as “invalid,” warning that such moves lack any legal or political credibility.
China’s trade surplus has for the first time exceeded the $1 trillion mark – a level unmatched by any other nation in the world, the country’s General Administration of Customs has announced.
By Basim Laleh, Economic Reporter | Borna News Agency: With U.S. Ambassador to Turkey Tom Barrack praising the “Turkey–Azerbaijan energy corridor” as a new horizon for regional energy security, Azerbaijan’s rapidly growing gas exports to Europe have reached a level that could seriously undermine Iran’s standing in regional gas geopolitics and key transit routes to Europe. Analysts warn that the continuation of this trend may effectively push Iran out of one of the most strategic energy corridors in the world.
