Figures released by the Iranian parliament’s research center show that the country’s industrial output fell slightly in the calendar month to late October compared to the same period last year.
An official at the Trade Promotion Organization of Iran (TPOI) says that Iran’s non-oil exports to the Eurasian Economic Union (EAEU) member states in the first half of the current Iranian calendar year registered a 16% growth.
Iran plans a major railway in its northwest to close the gap in a second rail corridor between China and Europe, according to Iranian transportation minister Farzaneh Sadegh.
Iran’s largest credit institution has gone into administration amid the government’s continued push to reform the country’s banking and financial system.
President Masoud Pezeshkian has signed into law the Agreement on Railway Cooperation between Iran’s Ministry of Roads and Urban Development and Turkey’s Ministry of Transport and Infrastructure.
Iran had the world’s fifth-largest demand for gold in the first three quarters of this year amid a surge in imports to diversify the country’s central bank reserves.
Iran has accelerated development at an oil field shared with neighboring Iraq, despite sanctions that restrict its access to foreign investment and technology.
Germany’s flag carrier Lufthansa is to restore its flights to Iran nearly five months after it suspended operations in the country because of Israel’s aggression.
Iran is seeking to accelerate efforts to sign a preferential trade agreement (PTA) with Uzbekistan amid hopes that the arrangement could lead to a substantial increase in trade with the Central Asian country.
