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During the 45th anniversary of the UAE National Day, significant discussions in Tehran emphasized the strong UAE-Iran relations, rooted in mutual respect and shared cultural heritage. Iranian Roads Minister highlighted the robust foundation for cooperation, while UAE Ambassador Khalid Abdullah Balhoul noted the presence of over 500,000 Iranians in the UAE and 300 weekly flights connecting the nations. The ambassador recognized Iran as a key trading partner and expressed optimism for the upcoming 2nd Iran-UAE Joint Economic Commission meeting. The celebrations underscored the commitment to deepen ties, fostering regional stability and economic growth through enhanced collaboration.
Recent statistics indicate a significant rise in foreign investment in Iran’s Tehran Stock Exchange (TSE) and Fara Bourse, reaching 181.83 trillion rials (about $200 million) by July 22, a 91% increase from the previous year. This growth reflects renewed international interest despite regional tensions. Over 167 trillion rials came from corporate investors, while individual foreign investors contributed 14.8 trillion rials. The total number of foreign shareholders has increased by 5.3% to 5,100. This influx of capital is crucial for stabilizing local markets amid ongoing conflicts, highlighting the resilience and potential of Iran’s investment landscape.
During Turkey’s national day celebration, Zahra Behrouz-Azar, Iran’s Vice President for Women and Family Affairs, highlighted the historical and cultural ties between Iran and Turkey, emphasizing their potential for collaboration. She urged the strengthening of rail infrastructure to connect the East and West, expand economic cooperation, and enhance cultural exchanges. Behrouz-Azar noted that by investing in shared projects, both nations can foster lasting partnerships that benefit their societies and contribute to regional stability. Her remarks underscore the importance of reinforcing these connections to build a prosperous future while honoring their shared heritage.
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In 2023, trade between Iran and Germany surged to €1.45 billion, reflecting strengthened economic ties, particularly in industrial equipment and machinery. In 2024, Germany’s exports to Iran reached €1.28 billion, a 6% increase from the previous year, with December alone seeing €134 million in trade, a 1% growth. Key exports included industrial equipment (€520 million), machinery, and automotive parts. Factors driving this growth include enhanced economic cooperation, a diverse product range, and strategic partnerships. As relations evolve, both nations are likely to pursue further collaboration, aiming to expand trade opportunities and support Iran’s industrial development.
In 2024, Iran achieved a milestone by managing nearly 20 million tons of transit cargo, primarily petroleum products from Iraq’s Kurdistan, enhancing its role in regional logistics. Approximately 88% of this cargo was transported by road. Iran’s Seventh Development Plan aims for 70% road and 30% rail transport, necessitating upgrades in infrastructure, including highways, rail links, and smart border facilities. Geopolitical challenges, such as the Russia–Ukraine conflict, have prompted Iran to strengthen its transit routes and engage in international trade initiatives. A National Transit Headquarters has been established to oversee these operations, emphasizing the importance of academic collaboration in transport strategies.