18:53
Turkmenistan’s oil consumption growth picks up pace – Eni
The report highlights a consistent rise in oil demand, with the most notable increase occurring between 2017 and 2018. Since then, consumption has remained relatively stable.
00:49
Turkmenistan’s Balkan region announces tender for supply of road construction materials
The materials will be used by municipal services associations and housing maintenance trusts for infrastructure upgrades. Tender proposals will be accepted until August 28, 2025, between 09:00 and 18:00 local time.
23:27
Iran scales up air traffic with increased airport flights
Azerbaijan’s spending on plastic imports rose by nearly nine percent in the first half of the year, reaching about $275 million as import volumes increased by five percent. This growth comes amid a broader expansion in foreign trade, with total trade turnover surpassing $24 billion despite a slight drop in exports.
22:58
Iran scales down product imports in early 2025
Iran’s imports fell by around 14% in value and 3% in volume during the first four months of the current Iranian year, compared to the same period last year. The country imported roughly $18 billion worth of essential goods, mainly from the UAE, China, and other key partners.
22:24
Uzbekistan sees steady growth in family-owned businesses
Family businesses are gaining momentum in Uzbekistan, with steady growth across trade, industry, services, and agriculture. New data shows a continued rise in entrepreneurial activity, reflecting broader support for small business development.
21:39
Iran releases latest data on guaranteed wheat purchases from farmers
Iran has procured nearly 7 million tons of wheat worth $2.51 billion from farmers under its guaranteed purchase program, supporting agricultural stability and food security. With extensive cultivation across key provinces and fixed prices for bread and durum wheat, the program aims to ensure fair income for farmers and steady supply for the market.
20:48
Iran amplifies loan allocation to empower startups
Iran’s banks significantly increased loan support to startups, with a 57.9% rise in loan volume during the first quarter of the Iranian year 2025 compared to the previous year. This surge, driven primarily by non-state banks, reflects growing financial backing for the country’s startup ecosystem, totaling nearly $7 billion in loans over the past year.
20:04
Azerbaijan's Socar Polymer reports strong export growth in 6M2025
Socar Polymer’s export revenues increased by over 12 percent in the first half of the year, reaching approximately $130 million. This growth reflects the company's strengthened position within Azerbaijan’s state-owned enterprises driving the non-oil sector export performance.
23:12
Azerbaijan sees contraction in loans to industrial sector
As of July 1, 2025, Azerbaijani banks had issued 2. 69 billion manat ($1. 58 billion) in business loans to the industrial sector. This amount increased by 19. 9 million manat ($11. 7 million), or 0.
21:07
Turkmennebit boosts oil output at Goturdepe and Gamyshlydzha fields
Turkmenistan’s Nebitgazduypliabatlayysh Trust has produced over 81,000 tons of additional oil so far in 2025 — 141 percent of its planned output — through an overhaul of 217 wells at key western oil fields.
20:55
Azerbaijani banks step up loan support for industry and manufacturing
Banks and non-bank lenders in Azerbaijan have increased their financing to the industry and manufacturing sectors, with total lending reaching nearly 1.6 billion manat by early July. Overall loan portfolios and overdue debts also rose year-on-year, reflecting both expanding credit activity and growing repayment challenges.
19:09
Azerbaijan tracks oil purchase volumes for 5M2025
In the first five months of 2025, Azerbaijan imported 644,800 tons of crude oil and oil products from bituminous rocks, valued at $316. 5 million. Imports dropped by 97,500 tons and $99. 2 million compared to the same period in 2024.
18:49
Uzbekistan reveals citizens’ key role in investment activity in 1H2025
In the first half of 2025, investments in fixed assets financed by the population of Uzbekistan reached 17.3 trillion soums ($1.44 billion), according to official data. This marked a notable share of total national investment activity, reflecting shifting trends in private capital contribution throughout recent quarters.
13:00
EU views Turkmen gas part of broader Southern Corridor expansion (Exclusive)
The European Commission confirmed that Turkmenistan remains a potential partner in the EU’s gas diversification strategy under the 2008 Energy Memorandum of Understanding, with ongoing exchanges taking place through a bilateral working group.
13:00
Kyrgyzstan advances waste management reform with stricter plastic and landfill rules
The Ministry of Natural Resources of Kyrgyzstan reported over $4 million in waste disposal revenues for January–June 2025, as part of broader reforms reducing landfill numbers and tightening licensing.
11:30
Uzbekistan’s Toshkent Stock Exchange sees surge in profit, revenue, and market activity
The Republican Stock Exchange Toshkent has posted impressive mid-year results, signaling strong momentum in Uzbekistan’s capital markets. Surging revenues, a sharp rise in net profit, and record trading volumes highlight growing investor confidence and increased market activity in the first half of 2025.
10:50
Kazakhstan and Russia expand rail cooperation along North-South Corridor
Kazakhstan Temir Zholy and Russian Railways have signed an agreement to expand cooperation, including increasing train exchanges and advancing transit digitalization. Kazakhstan’s cargo transport and container transit volumes have shown solid growth in the first half of 2025.
10:42
Turkmenistan expands agro-industrial capacity with cottonseed plant tender
Turkmenistan announced an international tender to build a modern cotton seed processing plant in Dashoguz with a capacity of 60 thousand tons per year. The plant will produce high-quality cottonseed oil and contribute to regional industrial development and job creation.
10:00
Iran’s Shahid Salimi Neka TPP expands capacity with latest gas block
Iran has commissioned a new gas block at the Shahid Salimi Neka Thermal Power Plant, boosting its capacity with a major investment of over $300 million. The plant’s total electricity output is set to approach 2,800 megawatts once all new blocks are operational.
09:10
New mining projects to strengthen Kazakhstan’s copper and iron sectors
These targets were announced at a government meeting as part of efforts to scale up domestic processing and metal production.
08:40
Kazakhstan streamlines mining sector through e-government tools
Kazakhstan is expanding digital services in the mining sector, with 87.6 percent of services delivered electronically over the past year. The initiative was highlighted at a government meeting as part of efforts to modernize extractive industries.
03:11
Azerbaijan’s Oil Fund hits milestone with gold bar investments
The State Oil Fund of Azerbaijan (SOFAZ) invested 21 billion manat ($12.35 billion) in gold bars by the end of last year. This marks an increase of 9.5 billion manat ($5.6 billion), or 83%, compared to 11.48 billion manat ($6.75 billion) recorded the previous year.
02:13
Iran sees increase in product imports from Tajikistan
Iran’s imports from Tajikistan surged significantly in both value and volume, reflecting a targeted increase in key goods like cotton and silk fabrics despite a broader national decline in non-oil imports.
23:17
Azerbaijani SOFAZ cranks up its investments in real estate funds
State Oil Fund of Azerbaijan (SOFAZ) invested a total of 4. 56 billion manat ($2. 68 billion) in real estate funds by the end of last year. This represents a 382 million manat ($224. 7 million) or 9.
22:57
Iran’s non-oil export trade with Kyrgyzstan sees downturn
Iran’s non-oil exports to Kyrgyzstan declined notably in the first quarter of the Iranian year, with both value and volume falling by nearly 20% and 7%, respectively, reflecting broader downward trends in Iran’s overall non-oil export sector.
22:03
Iran advances rail development with strategic agreements with local firms
Iran’s railway authority has signed agreements with two local companies to purchase around 130 new passenger cars and refurbish about 140 others. The total investment in the project is estimated at nearly $150 million.
21:52
Azerbaijani State Oil Fund reports decline in net profit
The State Oil Fund of Azerbaijan (SOFAZ) earned a net profit of 7. 8 billion manat ($4. 6 billion) in 2024. This marked a decrease of 245 million manat ($144 million) compared to the previous year’s profit of 8.
20:07
Iran’s housing and construction industry faces decrease in bank financing
Bank loans to Iran’s housing and construction sector fell by 31% in the first quarter of the current Iranian year compared to the same period last year. Despite this decline, total lending across all sectors rose by over 41%, reaching nearly $23 billion.
19:44
Kazakhstan’s KC Energy expands fuel supply ahead of key farming period
KC Energy Group delivered 186,400 tons of diesel fuel to farmers across 13 regions of Kazakhstan during the spring 2025 agricultural season, marking an 8,500-ton increase year-on-year. The company plans to supply 165,500 tons more for autumn fieldwork.
19:44
Iran’s product imports from Kyrgyzstan experience steep decline
Iran’s imports from Kyrgyzstan dropped sharply in the first quarter of the Iranian year, with product value falling 28. 6% and weight down 46. 6% year-on-year. Overall non-oil imports also declined by 11.
19:40
Karaganda sets pace in Kazakhstan’s industrial and innovation development
Karaganda and Astana have emerged as leaders in Kazakhstan’s new index of industrial and innovative development, showing strong performance in productivity, investment, and high-tech exports. The data highlights growing regional disparities, with resource-heavy areas falling behind on modernization.
18:47
Iran faces growing external debt amid economic challenges
Iran’s foreign debt rose by nearly 7 percent compared to the same period last year, reaching close to $5 billion by the end of the first month of the current Iranian calendar year. The majority of the debt is short-term, with the remainder consisting of long-term obligations.
18:04
KazTransOil sees growth in oil transport via Kazakhstan-China link
Kazakhstan-China Pipeline LLP transported nearly 10 million tons of oil in H1 2025, up 5 percent year-on-year. Cargo turnover also rose by 4 percent, reaching nearly 9 billion ton-kilometers, driven by stable eastbound demand.
17:12
Iran’s steel industry sees decline in raw steel and pellet output in early 2025
Iran's steel production saw a decline in Q1 2025, with crude steel output down by 4.8% and steel product production falling 8% year-on-year. However, sponge iron and iron ore concentrate production showed modest growth, signaling a mixed performance in the country's steel sector.
17:01
KazTransOil faces temporary setback in Batumi with deferred deliveries
Batumi Oil Terminal LLC transshipped 805,000 tons of oil and gas in the first half of 2025, down 15 percent year-on-year, due to deferred shipments. The terminal remains a key part of KazTransOil's export strategy.
16:44
Iran's Bahar Azadi gold coin escalates in price
Iran’s Bahar Azadi gold coin prices continue to rise amid currency fluctuations following the Central Bank’s shift to a floating exchange rate system. The gold coin remains a key investment asset as Iranians seek stability amid economic volatility.
16:07
Uzbekistan’s tourist flow to Vietnam experiences strong uptick
Uzbekistan has seen a remarkable surge in travel to Vietnam during the first five months of 2025, with tourism driving the majority of the increase. According to official statistics, the number of Uzbek visitors to Vietnam has more than tripled compared to last year.
15:43
KazTransOil boosts oil logistics with improved transport efficiency
KazTransOil reported stable volumes and modest growth in cargo turnover during the first half of 2025. The company’s oil pipeline network handled 23. 07 million tons, while cargo turnover increased to 22.
18:12
Turkmenistan strengthens digital access through expanding internet banking
Internet banking usage in Turkmenistan reached over 1.2 million users as of July 1, 2025, with major contributions from Mary, Ashgabat, and Lebap regions.
13:27
Iran's non-oil exports to Kazakhstan move down
Iran’s non-oil exports to Kazakhstan totaled $52 million and 95,500 tons in the first three months of the current Iranian year. These exports mainly included agricultural products, tobacco, and petrochemicals.
10:12
Iran's import of products from Kazakhstan descends
Iran’s imports from Kazakhstan fell sharply in the first three months of the current Iranian year. Value dropped by 58.1 percent and weight by 47.2 percent compared to the same period last year. During this time, imports totaled about $8.69 million and 27,500 tons.
05:18
Iran’s hydroelectric power output plummets amid severe drought
Iran's hydroelectric power production has dropped significantly due to severe drought, with summer output expected to fall by nearly 40 percent compared to last year. Officials say water levels in rivers feeding key reservoirs have declined by half, putting major strain on the country’s electricity supply.
04:24
Iran sets forth expenditure plans for railway transport development
Iran will spend 88 trillion rials ($152 million) on buying and repairing vehicles. Contracts with local companies will be signed on July 20. The plan includes purchasing 130 new passenger cars and repairing 140.
02:20
EU ramps up gas storage, injection levels outpace historical norms
Europe’s gas injection season advanced steadily in June 2025, with underground storage (UGS) sites across the EU reaching an average daily volume of 55.8 billion cubic metres (bcm), up from 45.5 bcm a month earlier, according to the Gas Exporting Countries Forum (GECF).
01:21
Iran’s agricultural sector sees rise in GDP value
Iran’s agricultural GDP grew 33.7 percent in the last Iranian year. It reached 23.2 quadrillion rials ($40.2 billion), up from 17.4 quadrillion rials ($30 billion) the year before. The sector made up 11.2 percent of Iran’s total GDP.
23:28
Iran’s Zanjan Province reports decrease in non-oil exports in early 2025
Non-oil exports from Iran's overall non-oil exports dropped to approximately $12 billion, showing a notable decline compared to last year.
22:14
Iran’s lending to industry and mining climbs sharply in early 2025
In the first quarter of the current Iranian year, bank loans to the country’s industrial and mining sectors rose by over 70 percent compared to the same period last year, reaching nearly $11 billion.
21:47
Uzbekistan reports increase in Italian tourists in early 2025
Uzbekistan is seeing a steady rise in visitors from Italy, with tourism continuing to drive the majority of trips. New data from the Statistics Committee highlights growing interest in the country among Italian travelers in early 2025.
20:45
Uzbekistan reveals uptick in investment inflows from leading global partners
As of July 1, 2025, Uzbekistan has seen a significant rise in foreign investment, with the total number of enterprises involving foreign capital reaching 16,685
05:13
Iran’s economy gains steam with rising GDP in early 2025
Iran’s GDP saw a significant increase last year, rising by over 30% when calculated including crude oil, reaching approximately $310 billion at current prices. Key sectors such as agriculture, mining, industry, and services all contributed to this growth, with services experiencing the highest rise.
