IRNA

Russian minister puts Iran-Russia trade at $4.8 billion

Russia’s Energy Minister Sergei Tsivilev says the country’s annual trade with Iran has experienced a 16.2% surge to hit $4.8 billion in 2024.

Trade

Pistachio exports rose by 40% in second half of 2024

The deputy head of the board of trustees of Iran Pistachio Association has announced a significant increase in pistachio exports in the second half of last year.

Agriculture and Environment

Iran greenlights $7 billion in foreign investment

In a meeting held by the Organization for Investment, Economic, and Technical Assistance of Iran, foreign investments totaling $7 billion were approved across various sectors.

Iran Economy

Iran says its oil exports cannot be stopped

Government spokesperson Fatemeh Mohajerani says Iran’s exports of oil cannot be stopped despite sanctions imposed against the country.

Energy

Pezeshkian warns of improper energy use, apologizes for power outages

President Pezeshkian says improper energy consumption is among the primary challenges facing the energy sector and apologizes for the inconveniences caused by energy imbalances and recent power outages.

Energy

Deputy minister apologizes for industrial power outages

Deputy Minister of Industry, Mine, and Trade Hossein Farhidzadeh also said this year’s power outages had caused more than $108 million per day in damage to the Iranian industrial sector.

Mine and Industry

Iran’s oil output to rise by 40,000 bpd with new desalination plant in Ahvaz

Iran’s oil production capacity is set to rise by 40,000 barrels per day (bpd) following the launch of a desalination plant in the country’s southwest, Oil Minister Mohsen Paknejad has announced.

Energy

Iran resumes direct flights to Europe despite sanctions

Iran Airtour, a private airline, is launching direct flights from Tehran to Paris, despite Western sanctions targeting the country’s aviation industry.

Transportation

VTB to become first Russian bank to open branch in Iran

Russia’s second largest bank, VTB, has said it is scheduled to convert its Tehran office into a branch.

Financial Markets

Joining FATF can facilitate investments in Iran: Gov’t spokesperson

Iranian government spokesperson Fatemeh Mohajerani says joining the Financial Action Task Force (FATF) can facilitate making investments in the Islamic Republic.

Iran Economy