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Iran Says Local Currencies, Domestic Payment Systems Key BRICS Gains
Iranian Economy and Finance Minister Seyyed Ali Madanizadeh has described the greater use of local currencies, the development of domestic payment systems and financial messaging platforms, and closer economic coordination among BRICS members as key outcomes of the bloc’s latest meeting.
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Iran Economy Minister Arrives in India for BRICS Economic Diplomacy
Iranian Economy Minister Seyyed Ali Madanizadeh has arrived in Mumbai to attend a meeting of BRICS finance ministers, continuing Tehran’s efforts to expand economic ties with member states of the bloc.
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Iran, Russia Pledge to Complete North-South Corridor with Rasht-Astara Rail Project
MOSCOW — Iran and Russia have reaffirmed their commitment to completing the International North-South Transport Corridor (INSTC), with the two sides discussing the swift implementation of the Rasht-Astara railway project, a key missing link in the route.
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Iran Seeks to Expand Presence in Eurasian Market as Economy Minister Holds Talks in Moscow
MOSCOW — Iran’s Economy Minister Seyyed Ali Madanizadeh held talks with senior officials of the Eurasian Economic Union (EAEU) in Moscow on accelerating trade and expanding economic cooperation as Tehran seeks to strengthen its presence in the bloc’s market of about 180 million people.
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Iran Economy Minister Visits Mir Business Bank, Calls for Stronger Financial and Trade Links with Russia
MOSCOW — During an official trip to Moscow, Iran's Minister of Economic Affairs and Finance, Seyed Ali Madanizadeh, visited Mir Business Bank. He discussed expanding banking and financial cooperation between Tehran and Moscow with the Iranian ambassador, Kazem Jalali, and the bank's board of directors.
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Iran, Russia Reach New Agreements to Deepen Economic Ties and Counter Economic Pressure
Iran and Russia have finalized several key agreements and reached new understandings on financial cooperation, labor, and employment, Iran’s Minister of Economic Affairs and Finance Seyyed Ali Madanizadeh said, as the two countries seek to deepen and expand their economic relations.
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Iran, Eurasian Economic Union Discuss New Currency Mechanism for Financial Settlements
Iran and the Eurasian Economic Union have discussed the use of a benchmark currency for financial settlements as Tehran seeks to expand trade ties with Russia and other EAEU member states and reduce its exposure to US sanctions.
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Iran Moves to Turn Customs Posts Into Trade Corridors, Economy Minister Says
Iran is preparing to overhaul its border and customs procedures to accelerate the movement of goods, while seeking to expand financial and investment ties with Russia, Economy Minister Seyyed Ali Madanizadeh said.
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Iran Sees BRICS Legal Diplomacy as Path to Deeper Trade and Investment Ties
Iran sees the visit of its judiciary chief to India and his participation in the BRICS Judicial Forum as an opportunity to deepen economic ties with major emerging economies, a senior Economy Ministry official said, arguing that stronger engagement with the bloc could help expand trade, investment, and financial cooperation.
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Iran Seeks to Expand Northern Trade Routes to Offset Impact of Southern Maritime Blockade
Iran plans to expand trade through its northern borders and overland routes to mitigate the economic impact of restrictions on maritime access in the south, Economy Minister Seyed Ali Madanizadeh said.
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Iran Prioritizes Economic Ties with Aligned Countries, Economy Minister Says
MOSCOW — Iran’s government has made expanding economic relations with neighboring and like-minded countries a key priority, Economy Minister Seyed Ali Madanizadeh said during a visit to Moscow, stressing that Tehran is seeking constructive engagement with countries willing to maintain effective economic ties with Iran.
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Iran’s Fars Province Reports More Than $2 Million in Foreign Investment in First Five Months
SHIRAZ, Iran — Iran’s Fars province attracted and registered more than $2 million in foreign investment during the first five months of the current Iranian year (starting March 20, 2026), the provincial director-general for economic and financial affairs said, as the region seeks to expand investment despite sanctions and broader economic constraints.
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Iran’s Economic Diplomacy of Madanizadeh in Russia and India
TEHRAN — Iran’s Economy Minister Seyyed Ali Madanizadeh traveled to Russia before attending a meeting of BRICS finance ministers in India, as Tehran seeks to use economic diplomacy to expand trade, attract investment and mitigate the impact of sanctions and external economic pressure.
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Iran’s Economy Minister Rejects US Pressure Strategy, Vows Economic Reform
TEHRAN —Iran’s economy is being built by its people, businesses, and entrepreneurs rather than by the U.S. Treasury Department, Economy Minister Seyed Ali Madanizadeh said, rejecting the notion that intensified sanctions and financial pressure could force Tehran to change its national decisions.
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Iran’s Economy Minister Arrives in Moscow for Bilateral and Multilateral Talks
MOSCOW —Iranian Minister of Economic Affairs and Finance Seyed Ali Madanizadeh arrived in Moscow on Sunday at the head of a delegation for a series of bilateral and multilateral consultations with Russian officials and economic partners.
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Iran’s Razavi Khorasan Approves $49.2 Million in Foreign Investment Projects
Iran’s Razavi Khorasan province has approved 21 foreign investment projects worth a combined $49.2 million during the first five months of the Iranian calendar year 1405, the province’s director-general of economic and financial affairs said.
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Iran Reviews Production and Export Barriers in Arvand Free Zone
Iranian officials have held talks with manufacturers and business representatives in the Arvand Free Zone to identify and address obstacles hampering production, trade, and exports, as the government seeks to improve the business environment and make greater use of the country’s free-zone capacity.
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Iran’s Alborz Province Realizes $90 Million in Foreign Investment
Iran’s Alborz Province has realized $90 million in foreign investment over the past year through the import of machinery and production-line equipment and the transfer of advanced technologies, the provincial director-general of economic and financial affairs said.
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Iran’s Hamadan Approves $12 Million in Foreign Investment
HAMADAN, Iran — Iran’s Hamadan province has approved a combined $12 million in foreign investment for two economic projects in the agricultural and industrial sectors, with the projects expected to create more than 230 direct jobs.
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Foreign Investment in Qom Surges 105.3% in First Five Months of 2026
QOM, Iran — The value of approved foreign investment projects in Iran’s Qom province rose 105.3% year on year to $40.754 million between March 21 and August 22, 2026, covering the first five months of the Iranian calendar year 1405, the province’s director general for economic and financial affairs said.
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Iran, Pakistan Stress Expansion of Free Zone Cooperation; Follow Up on China-Pakistan-Iran Corridor
Hossein Forouzan, Secretary of Iran's Supreme Council of Free Trade, Industrial and Special Economic Zones, held a meeting with Omran Ahmed Siddiqui, Pakistan's Ambassador to the Islamic Republic of Iran, during which he emphasized the necessity of strengthening economic and commercial relations between the two countries.
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Iran’s Economy Minister Vows to Defeat Adversaries in Economic War
TEHRAN – Iran’s Minister of Economic Affairs and Finance, Seyyed Ali Madanizadeh, has expressed confidence that the Islamic Republic will prevail in its ongoing economic confrontation with foreign adversaries, just as it has overcome previous military challenges.
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High-Level Official Undertakes Field Visit to Norduz Border Terminal to Resolve Trade and Transit Bottlenecks
Hossein Forouzan, Secretary of Iran’s Supreme Council of Free Trade, Industrial and Special Economic Zones, conducted an on-site inspection of the Norduz border terminal and customs facility, accompanied by Ezatollah Habibzadeh, the parliamentary representative for Jolfa, and Hadi Moghaddamzadeh, Chief Executive Officer of the Aras Free Zone. The visit was aimed at a firsthand assessment of operational challenges and impediments affecting cross-border trade and transit activities at this strategic entry point.
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Iran Ready to Launch Joint Free Zone with Turkey at Khoy Border, Official Says
TEHRAN – Iran has completed all necessary preparations for the establishment of a joint free trade zone with Turkey in the border area of Khoy and is now awaiting reciprocal action from Ankara to operationalize the project, a senior Iranian official announced on Monday.
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Forouzan: Removing Barriers to Businesses Depends on Implementation of Integrated Management
Hossein Forouzan, Secretary of the Supreme Council of Free and Special Economic Zones, during his visit to the Maku Free Zone and in a meeting with economic activists, underscored that the full implementation of the Integrated Management Law is the fundamental solution to eliminating Unnecessary bureaucratic measures and resolving administrative redundancies within these zones.
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Loading of a Living Quarters Platform for Reshadat Oilfield Begins
The loading operation for a living quarters Platform for Iran’s Reshadat oilfield began on Thursday evening at a ceremony attended by the Minister of Economic Affairs and Finance, Seyyed Ali Madanizadeh.
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Bushehr Approves 18 Foreign Investment Projects Since March 2025
Since March 2025, Bushehr Province has approved 18 foreign investment projects with a total value of $141 million, according to the province's Director-General of Economic Affairs and Finance.
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S. Khorasan Attracts 26 Foreign Investment Projects Worth $1 Billion in Two Years
Iran’s South Khorasan province has attracted 26 new foreign investment projects worth around 300 trillion rials over the past two years, with 11 projects already operational, the provincial director-general for economic and financial affairs said.
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FTZs Play a Key Role in Advancing Development Projects Along Makran Coasts
The economic, commercial, and investment capacities of free trade and special economic zones were discussed in a meeting between Ali Abdolalizadeh and Hossein Forouzan, with a focus on their role in realizing maritime‑oriented development programs and advancing developmental projects along the Makran coast.
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Iran Cuts Average Customs Dwell Time From 10 Months to Eight Days: Minister
Iran has cut the average time goods remain held at customs from as long as 10 months in some cases to about eight days, Economy Minister Seyyed Ali Madanizadeh said, as the government steps up efforts to streamline trade, remove investment barriers and shield the economy from external pressure.