23:17
Tatneft Turkmenistan seeks partners for key environmental passport initiative
The work is to be carried out in line with the technical specifications provided by the branch. Proposals received after the deadline will not be considered.
21:08
Azerbaijan pulls lid over its service trading in 1H2025
In the first half of 2025, Azerbaijan’s total service trade reached $9. 3 billion, with $5. 2 billion from non-residents to residents and $4. 1 billion the other way. The service balance deficit fell 5.
20:39
Azerbaijan estimates reciprocal transport service turnover in 6M2025
In the first half of 2025, transport services made up 27. 9% of Azerbaijan's mutual service turnover. Azerbaijani residents provided $1. 7 billion in transport services to non-residents, while non-residents provided $866.
20:01
Azerbaijani economy reeling in hefty chunk of U.S. investment in first half
Foreign direct investment from the United States in Azerbaijan surged to $89 billion in the first half of the year, a nearly 40% increase from last year, while Azerbaijani investments in the US jumped to $78 billion.
19:38
Urban and regional POS networks expand across Turkmenistan
The growing network of POS terminals supports Turkmenistan’s broader strategy to modernize payment infrastructure, facilitate cashless transactions, and improve access to financial services across both metropolitan and regional areas.
19:20
Iran experiences steep decline in product imports from T
In five months of this year, Iran imported 2.81 million tons of goods from T
18:21
Iran's Bahar Azadi gold coin drops in price
Iran’s Bahar Azadi gold coin saw a slight price drop, with the latest edition selling for around $1,620, down from roughly $1,640 the previous day. Other coins and gold products also traded lower, reflecting ongoing fluctuations in Iran’s market following the adoption of a floating exchange rate system.
18:01
Iran's non-oil exports to Iraq show decline in recent months
Iran’s non-oil exports to Iraq fell by about 7% in the first five months of the year, totaling nearly $3 billion. Most shipments went through Kermanshah, Khuzestan, and West Azerbaijan provinces, with consumer goods making up more than half of the exports.
14:30
Iran multiplies industrial and mining loans nationwide
In the first five months of 2025, Iranian banks issued $18. 4 billion in loans to the industry and mining sectors. Of this, $16. 8 billion went to working capital, $910 million to new enterprises, and $543 million to sector development.
14:18
EBRD praises Uzbekistan's impressive trade and reserve growth
Uzbekistan’s foreign trade and international reserves strengthened in the first half of 2025, supported by rising exports, higher gold holdings, and a stable national currency
06:11
Eni Turkmenistan invites bids for special pump assembly project
The tender aims to secure qualified suppliers for the delivery of the HT-400 Pump Assembly Set to support Eni Turkmenistan Limited’s operational needs.
05:14
Azerbaijan’s rail freight activity with foreign partners slows in 8M2025
Azerbaijan’s international railway freight experienced a slight decline in both value and volume during January to August, with total shipments worth over 2 billion dollars and nearly 5 million tons.
04:21
Iran puts brakes on imports from Kazakhstan
Iran’s imports from Kazakhstan fell 46. 7 percent in value to $13 million and 33 percent in weight to 37,400 tons in early 2025. Last year, imports were 55,800 tons worth $24. 4 million. Despite this, Iran’s non-oil trade with Kazakhstan grew 8.
03:12
Turkmenistan sees steady uptake of online banking in regional areas
The continued growth of Internet-banking highlights Turkmenistan’s commitment to modernizing its financial ecosystem and expanding digital banking accessibility across both urban and regional areas.
23:13
Iran heightens nationwide crude steel output
Iran’s crude steel production grew 2. 7 percent to 12. 5 million tons from 12. 1 million tons last year. Steel product output fell 2. 9 percent to 8. 96 million tons from 9. 23 million tons. Sponge iron rose 2.
22:57
Iran pulls lid over non-oil exports to Kazakhstan
Iran’s non-oil exports to Kazakhstan hit 146,000 tons worth $96 million in early 2025, rising 1. 1% in value but dropping 30% in weight. Main exports include agricultural and petrochemical products.
21:55
Iran reports growth of debts to local banks and financial institutions
Iran’s public and private sector debts to banks, excluding the Central Bank, rose 32 percent to 106 quadrillion rials ($183 billion) by June 21, 2025. At the end of the third month last year, debts stood at 80.
20:52
Dayhanbank strengthens Turkmenistan’s financial reach through ATM growth
The State Commercial Bank Dayhanbank continues to lead Turkmenistan in ATM deployment, operating the largest share of machines nationwide as of September 1, 2025.
20:13
Iran’s agricultural lending reaches new heights
Iranian banks lent 1. 27 quadrillion rials ($2. 19 billion) to agriculture, up 27. 8% from 992 trillion rials ($1. 71 billion) last year. Of this, 940 trillion rials ($1. 63 billion) went to working capital.
19:53
Azerbaijan tracks steady progress on Horadiz-Jabrayil-Zangilan-Aghband Highway
The 123.6 km Horadiz-Jabrayil-Zangilan-Aghband highway is 95 percent complete, with a total project length of 149.9 km. The road features 4 to 6 lanes, a width of 14-21 meters, and includes 28 bridges and 3 tunnels totaling over 12 km. So far, 950,000 m
17:54
Azerbaijan sheds light on top trading partners in Central Asia for 8M2025
Kazakhstan led trade with Azerbaijan from January to August 2025, with turnover exceeding $547 million, up $375. 6 million. Imports from Kazakhstan to Azerbaijan reached $481. 6 million during this period.
17:11
Turkmenistan exchange becomes hotspot for Afghan and UAE business expansion
The domestic market also showed activity - local entrepreneurs agreed with the State Concern Turkmennebit to purchase petroleum bitumen.
15:06
Azerbaijan's air cargo traffic skyrockets in 8M2025
From January through August 2025, Azerbaijan’s international air cargo transportations totaled $5. 07 billion and 10,300 tons. Exports reached $258 million with 1,700 tons, up 23. 2 percent in value but down sharply in volume.
14:39
Iran's Bahar Azadi gold coin price surges
The latest edition of Iran's Bahar Azadi gold coin sold for approximately $1,647, up from about $1,602 the day before, amid ongoing price fluctuations following the country's adoption of a floating exchange rate in May 2024.
09:15
IEA flags region as top recipient of global upstream investment
Spending by oil and gas companies on upstream operations remains a key driver of global energy supply, according to the International Energy Agency (IEA). Upstream investment, which includes exploration, field development, and maintenance of existing assets, accounts for around 60% of total capital expenditure in the sector.
09:05
IEA warns rising costs needed to maintain global oil supply
Global investment in oil and gas has averaged around $550 billion annually since 2019, but nearly 90% of that spending is directed at replacing output lost from declining fields rather than boosting supply, according to the International Energy Agency (IEA).
06:09
Azerbaijan sees decline in electric vehicle imports in 8M2025
Azerbaijan’s electric vehicle imports have declined sharply this year, dropping to around 1,400 units for $44 million.
01:07
Turkmengas announces international tender for modular booster compressor station
Companies registered in or holding bank accounts in offshore zones are not eligible to participate. Applicants can obtain a full package of tender documents upon payment of $1,725 (including VAT).
23:13
Iran provides update on recent payouts to rapeseed farmers
Iran has paid around $173 million to rapeseed farmers, covering nearly all purchased crops despite water shortages and climate challenges. The country harvested 250,000 tons of rapeseed this year, with seed distribution and private sector purchases supporting continued production.
22:09
Azerbaijan’s transportation and warehousing sectors see investment freefall
In the first eight months of 2025, Azerbaijan allocated 2.6 billion manat ($1.53 billion) of fixed capital investments to the transportation and warehousing sector. According to data from the State Statistics Committee, this marks a 20.3 percent decline compared to the same period last year.
18:59
Central Bank of Azerbaijan addresses causes of euro rate variations
A source from the Central Bank of Azerbaijan explained that the recent 14% rise in the euro against the manat is primarily due to the weakening US dollar index driven by expectations of softer US monetary policy and global economic factors, while emphasizing that the impact on Azerbaijan’s economy is expected to be limited and temporary.
18:42
Iran jacks up nation's iron and steel exports
From March to August 2025, Iran exported 15. 7 million tons of iron and steel worth $2. 97 billion, up from 12. 1 million tons and $2. 7 billion. Crude steel exports rose to 3. 16 million tons worth $1.
18:23
Iran's loan issuance expands sharply across key sectors in 2025
Iranian banks and financial institutions issued over $42 billion in loans during the first five months of this year, marking a more than 40% increase compared to last year. Most of the financing went to industry, services and trade, underscoring a broad expansion in credit across the ec
17:16
Iran pulls back curtain on gas cost-efficiency figures at its local petrochemical plants
Iran has saved 1. 7 billion cubic meters of gas in its petrochemical sector over the past four years. The savings were achieved through energy efficiency projects at 73 production plants with a total annual capacity of 96.
17:11
Iran’s trade with EAEU shows promising growth trajectory
Iran’s trade turnover with the Eurasian Economic Union (EAEU) has grown by about 20%, driven by the implementation of a free trade agreement this year. Officials project the deal could push trade volumes to nearly $20 billion within the next few years.
17:00
Iran's Bahar Azadi gold coin shows surge in price
The new edition of Iran’s Bahar Azadi gold coin was sold for around $1,610, up from roughly $1,580 the previous day, reflecting ongoing price fluctuations since the Central Bank adopted a floating exchange rate system.
09:10
Iran sets forth investment strategy for Madar gas field project
Iran has signed a $600 million deal to develop the Madar gas field in Bushehr province, with plans to drill 20 wells and build new infrastructure. The field holds nearly 250 billion cubic meters of gas reserves and is expected to produce significant volumes of gas and condensate over the next two decades.
19:28
Iran sets sights on boosting passenger flights over its skies
Iran plans to increase passenger flights over its skies by 50%, with about 730 flights currently daily, says Mohammad Amirani, CEO of Iran Airports and Air Navigation Company. Infrastructure upgrades and air traffic control modernization are underway, expected to finish within a year.
13:21
Turkmenistan experiences moderate trade adjustments in 2025 - CAREC Institute
Turkmenistan's exports fell 19. 4% YoY in Q1, with fuel shipments to emerging markets decreasing 35. 2% and non-fuel commodity exports down 18. 7%. Imports rose 15. 3%, with non-fuel goods increasing 15.
20:44
Iranian Mazandaran ports boost Caspian commodity exports
Exports to Caspian countries through Mazandaran ports grew by 10% from March 21 to August 22, 2025. Main exports included cement, dairy products, and minerals, while imports exceeded 1 million tons.
20:05
Global oil inventories keep rising, marking sixth consecutive monthly build - IEA
Global oil inventories increased for the sixth consecutive month in July, climbing by 26.5 million barrels (mb) and bringing total builds since the start of 2025 to 187 mb, the International Energy Agency (IEA) reported.
18:35
IEA sees non-OECD refining activity expanding through 2026
Non-OECD crude runs are expected to grow steadily over the next two years, reaching 47.5 million barrels per day (mb/d) in 2025 and 48.5 mb/d in 2026, the International Energy Agency (IEA) said.
18:08
Iran's non-oil exports to Russia surge in past months
Iran’s non-oil exports to Russia rose to around $510 million, totaling roughly 1.4 million tons, driven by agricultural, petrochemical, and industrial products. Overall, Iran’s non-oil exports reached about $21 billion and 61 million tons, showing steady volume growth despite a slight decline in value.
17:32
CAREC showcases Turkmenistan as rising agricultural power in 2025
The report data proves that diversification in production and regional cooperation could further strengthen resilience in the years ahead.
17:01
Iran's Bahar Azadi gold coin pricing recedes
On September 13, Iran’s new Bahar Azadi gold coin sold for 907 million rials ($1,570), down from 923 million rials ($1,597) on September 11. The old version was priced at 849 million rials ($1,469), with half and quarter coins at 470 million rials ($813) and 270 million rials ($467).
16:40
Iranian Mercantile Exchange throws light on its sale figures
From September 6–11, the Iran Mercantile Exchange sold 3. 38 million tons of goods worth $1. 04 billion, down 1% in value and 5. 6% in volume from the previous week. Sales included industrial products ($532 million), petroleum goods ($171 million), Kish exports ($52.
16:25
IEA reports mixed OECD refining with U.S. and Canada near peak
OECD crude throughputs fell by 70,000 barrels per day (kb/d) in July to 36.8 million barrels per day (mb/d), said the International Energy Agency (IEA), driven by weaker U.S. and European runs that outpaced gains in Asia and Oceania.
10:49
Iran's horticultural exports see growth over past year
Iran’s orchard product exports surged to about $4.3 billion over the past year, driven by strong pistachio sales and new shipments of citrus and apples to international markets. Despite drought and sanctions, domestic production grew, with banana output reaching roughly 340,000 tons, covering around half of the country’s consumption.
10:36
Uzbekistan reveals trade turnover with Turkmenistan
Uzbekistan’s trade with Turkmenistan has reached $586.6 million in the first seven months of 2025, driven largely by imports of energy resources, chemicals, and raw materials. While trade declined compared to 2024, it showed significant growth from 2023, reflecting the country’s expanding global economic ties and growing foreign trade turnover.
09:51
Uzbekistan, AIIB mark key milestones in multi-year investment program
Uzbekistan and the Asian Infrastructure Investment Bank (AIIB) are deepening their strategic partnership, marking significant milestones in water, energy, and transport infrastructure. With a $4-billion country investment program and a $3.
