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    Syria’s industrial sector is facing severe challenges, with approximately 420 factories shut down in key provinces due to instability following the rise of foreign-backed militants, notably Hayat Tahrir al-Sham (HTS). Security issues, looting, unreliable electricity, and rising diesel prices have exacerbated production costs. Manufacturers struggle against cheap foreign imports and smuggled goods, while mass public sector layoffs threaten up to half a million jobs. The HTS-led administration’s reforms toward a free-market economy raise public concerns. The International Monetary Fund’s involvement poses risks of debt traps, highlighting the need for sustainable solutions to stabilize and revive Syria’s industrial landscape.

  • Iran and Belarus Unite to Boost Tourism and Aviation Industries

    In a recent meeting in Minsk, Iranian Civil Aviation Head Hossein Pourfarzaneh discussed expanding cooperation with Belarus, focusing on tourism and aviation. Both Pourfarzaneh and Igor Golub, Belarus’s Aviation Department Director, recognized the potential benefits of strengthened bilateral ties. They noted significant interest among Iranian tourists in Belarus, which could enhance economic growth. The Iranian Civil Aviation Organization oversees numerous travel agencies to ensure industry compliance. Upcoming agreements on flight standards aim to improve skills in both nations’ aviation sectors. The discussions indicate a promising future for collaboration between Iran and Belarus in tourism and aviation.

  • Iran’s Oil Minister Visits Iraq to Fuel Energy Talks and Strengthen Bilateral Relations

    Iranian Oil Minister Javad Paknejad is in Baghdad for a two-day visit focused on strengthening energy cooperation between Iran and Iraq. He paid respects at a memorial site, emphasizing the cultural ties between the nations. Paknejad plans to engage in discussions with Iraqi officials, including the Prime Minister and Ministers of Oil and Electricity, with the aim of signing cooperation agreements related to gas supply and expanding collaboration in oil, gas, petrochemicals, and electricity. This visit reflects Iran’s commitment to enhancing regional energy ties, which are crucial for both countries’ economic stability and security.

  • Iran’s Foreign Trade Soars to $130 Billion in 2024, Reports IRICA

    Iran’s non-oil trade reached $130.2 billion for the calendar year ending March 20, 2025, marking an 11.39% increase from the previous year, according to the Islamic Republic of Iran Customs Administration (IRICA). The volume of non-oil trade stood at 191.2 million tons, up 7.63%. Key exports included over $6 billion in petrochemicals and more than $3 billion in natural gas. Major markets for Iranian goods included China, Iraq, the UAE, Turkey, Pakistan, Afghanistan, and India. This growth highlights Iran’s resilience and strategic efforts to diversify its economy and enhance its global trade relationships.

  • Iran and Pakistan Set to Launch Exciting Barter Trade Initiative Soon, Says Envoy

    Recent developments indicate a positive trajectory for trade relations between Tehran and Islamabad, focusing on the Pakistan-Iran Free Trade Agreement (FTA). Key updates from Pakistani representative Mudassir Tipu include accelerated FTA implementation to eliminate tariffs and a forthcoming barter mechanism to facilitate direct trade without currency exchange. A 12-member Iranian delegation will attend the International Agribusiness and Food Industry Exhibition in Karachi on November 25, 2025, aimed at showcasing agricultural innovations and fostering business ties. These initiatives are expected to enhance economic cooperation and unlock new opportunities for both nations, particularly in agriculture and food sectors.

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