President Masoud Pezeshkian says the government has no intention of cutting off water, electricity or gas supplies to industries, despite reduced rainfall in recent years. Speaking via video conference at the inauguration of four major Energy Ministry projects on Monday, Pezeshkian said his administration is committed to keeping the wheels of production turning. “We have...

Iran’s automotive sector has recorded a 12% decline in output in the first seven months of the current Iranian calendar year (March 21 – October 22), signaling a slowdown in one of the country’s key industries. According to data released by the CODAL system, the combined production of Iran’s three major automakers – Iran Khodro,...

Iran’s Center for Exchange of Currency and Gold said on Saturday that more than 21,000 merchants carried out transactions worth over US $16.504 billion in its commercial foreign-exchange market during the first seven months of the current Iranian year (March 21 – October 22, 2025). The center said the transactions involved several currencies, including US...

The Pakistani ambassador to Tehran has announced a new Statutory Regulatory Order (SRO) from the government of Prime Minister Shehbaz Sharif on expanding barter trade with Iran. In a message on his official X account on Sunday, Muhammad Mudassir Tipu said that after “an exhaustive process of deliberations, many concerns of the business community of...

Iran’s Energy Exchange (IEE) and the St. Petersburg International Mercantile Exchange (SPIMEX) have signed a memorandum of understanding aimed at laying the groundwork for joint trading and closer regional cooperation in energy markets. The agreement was signed by Mohammad Nazifi, CEO of the Iran Energy Exchange, and Igor Artemiev, CEO of SPIMEX, on the sidelines...