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Iran multiplies product exports via railways from early 2025

Iran’s rail exports have risen by 40 percent since the start of the current Iranian year. Shipments sailed to 1.85 million tons, a leap from last year's 1.3 million tons during the same stretch. Officials chalk up the growth to a sweetening of tariffs, a smoother wagon supply, and a robust backing from the private sector.

Iran's Sina Bank tallies allocations to economic sectors in 7M2025

Sina Bank allocated 2. 01 quadrillion rials ($3. 37 billion) to various economic sectors in the first seven months of the current Iranian year. This included 1. 01 quadrillion rials in loans and another one quadrillion rials in guarantees and letters of credit.

Azerbaijan's mazut production hits new highs in 10M2025

Azerbaijan produced 57,600 tons of mazut from January through October this year, marking a significant increase compared to last year. Production rose by 30,700 tons, or 2. 1 times, from the 26,900 tons recorded in the same period of 2024.

IEA outlook sees global coal demand peaking before 2030

Global coal demand is set to peak before 2030 and gradually decline over the following decades, as renewable energy takes a growing share of power generation, the International Energy Agency (IEA) said in its latest outlook.

IEA highlights LNG's role in meeting global gas demand to 2035

Global natural gas production will need to accelerate significantly to meet rising demand over the next decade, with the Middle East, the United States, and emerging LNG exporters driving growth, the International Energy Agency (IEA) said in its latest outlook.

Azerbaijan’s white oil production moves up notch

Azerbaijan's white oil production has shown a 4.9% increase year-on-year, reflecting growth in the oil products manufacturing sector, which reached 4.5 billion manat ($2.6 billion) in 2025, signaling positive economic momentum in the country's energy industry.

Iran's South Zagros company announces its production plan

The Iranian South Zagros Oil and Gas Production Company plans to produce 162 million cubic meters of gas per day and 17,000 barrels of crude oil per day. The company also aims to produce 48,000 barrels of gas condensate per day, while major repairs at production and processing facilities help maintain output and secure the winter energy supply.

Iran’s IRENEX sales take nosedive in valuation

Transactions on the Iran Energy Exchange (IRENEX) fell 59 percent last Iranian week (November 8-12) versus the previous week (November 1-5). Total sales reached 53. 7 trillion rials ($90 million), including 98,000 tons of hydrocarbon products worth 34.

Iran’s Bahar Azadi gold coin price descends

Iran’s latest Bahar Azadi gold coin fell to 1. 17 billion rials ($1,959) on November 15 from 1. 19 billion rials ($1,997) on November 13. The older coin stood at 1. 11 billion rials ($1,866), while half and quarter coins traded at 607 million rials ($1,018) and 349 million rials ($585).

Romania’s economic growth to edge up in 2025-2026, IMF says

Romania’s economy is set for a slow and fragile recovery as the IMF warns of rising fiscal risks, persistent inflation, and widening external imbalances. In its latest Article IV Consultation, the Fund urges Bucharest to fully implement fiscal reforms, maintain cautious monetary policy, and accelerate structural changes to safeguard stability and support growth.

IEA raises 2025-26 global oil supply forecast

Global oil supply fell by 440,000 barrels per day (kb/d) in October to 108.2 million bpd, mainly due to a 520 kb/d drop in OPEC+ output, the International Energy Agency (IEA) said in its recent outlook.

Uzbekistan’s payment card market shows positive growth trend

Uzbekistan’s bank card market continues to grow, with a total of 65 million cards now issued nationwide. Xalq Bank remains the market leader, while other major banks also see steady increases in card circulation, reflecting rising financial inclusion across the country.

Azerbaijan’s chemical industry sees production boost in 10M2025

Azerbaijan’s chemical industry is on the upswing, with production climbing nearly six percent to hit around 1.92 billion manat. The pharmaceutical sector has hit the ground running, doubling its output, while rubber and plastic products are also making waves with significant increases.

Azerbaijan's non-oil export amplifies in 10M2025

Azerbaijan's non-oil sector exports saw a 6.6 percent increase from January to October this year, reaching $2.99 billion. Food product exports rose by 19.8 percent, totaling $962.1 million. Additionally, agricultural and agro-industrial exports grew by 19.1 percent, reaching $1.03 billion in the same period.

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Azerbaijan invests heavily in Khojaly's road infrastructure

The ongoing reconstruction in Karabakh, driven by Azerbaijan's "Great Return" program, is focused on infrastructure development, smart city construction, and job creation, fostering economic growth through national and international investments.

Turkmenistan reviews trade, textile and entrepreneurial sector statistics

President Serdar Berdymukhamedov chaired a Cabinet meeting, reviewing the government’s work in the trade, textile, and entrepreneurial sectors over the first eleven months of the year. President Berdymukhamedov emphasized the importance of further developing the trade, textile, and entrepreneurial sectors, ensuring regular supply of essential goods to markets, and maintaining affordable prices, particularly during the holiday season.

Turkmenistan outlines latest developments in its industrial sector

Massive infrastructure development is the emphasis of Turkmenistan's state-driven construction and industrial complex, which uses the country's enormous mineral resources and natural gas to construct modern cities and import-substituting/export-oriented industries like textiles and chemicals.

President of Turkmenistan urges oversight of agricultural land preparation

President Serdar Berdimuhamedov reviewed a report on Turkmenistan’s agricultural sector indicators, emphasized the importance of its continued development, and instructed the deputy prime minister to closely monitor land preparation for next year’s crops and ensure timely, technically sound execution of seasonal work.

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Tourism between Uzbekistan and Pakistan rises sharply in 2025

Tourism between Uzbekistan and Pakistan increased significantly in 2025, with growing numbers of travelers visiting for leisure, official purposes, studies, and family visits, reflecting strengthening people-to-people ties between the two countries.