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The third Caspian Economic Forum in Teheran has brought together government officials from states of the Caspian region.
The forum brought together leaders from transport and trade organizations, entrepreneurs, and company representatives from Azerbaijan, Iran, Russia, Turkmenistan, and Kazakhstan.
Its primary goal is to foster economic, trade, scientific, and technological cooperation among the Caspian littoral states. Key topics of discussion include energy, finance, tourism, healthcare, investment in free trade zones, and logistics.
Iran’s Trade Promotion Organization has organized seven specialized panels during the event, covering areas such as trade, industry, and agriculture (Ministry of Industry, Mine, and Trade); economic, customs, banking, and investment cooperation (Ministry of Economic Affairs and Finance); transportation, transit, and engineering services (Iran's Transport and Urban Development Ministry); environmental, health, and tourism cooperation (Department of Environment); energy collaboration, including oil, gas, electricity, and renewables (Ministry of Oil and Ministry of Energy); scientific and technological cooperation (Vice Presidency for Science and Technology); and discussions among the heads of chambers of commerce (Iran Chamber of Commerce, Industries, Mines, and Agriculture).
Iran’s Deputy Minister of Industry, Mines and Trade and Chairman of the Trade Promotion Organization Mohammad Ali Dehghan Dehnavi said that the Caspian countries had a significant potential for collaboration in areas such as environmental protection, preventing the decline in the Caspian Sea's water level, safeguarding fish stocks, developing oil and gas resources, advancing maritime shipping, and establishing new transport routes.
At the forum’s conclusion, the prime ministers of the five Caspian littoral states will sign a final declaration. This will outline measures to strengthen cooperation and set a framework for ongoing ministerial follow-ups to implement the agreements.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
China’s resale home prices fell at an accelerated pace in June, deepening concerns about the country’s ailing property market and underscoring the limited impact of recent government support measures, a private survey showed on Tuesday.
China’s manufacturing sector expanded in June for the first time in three months, according to a private-sector survey released Tuesday, signaling a modest recovery in domestic demand even as export pressures persist.
Two Azerbaijani men who died in Russian custody last week were beaten to death, according to forensic officials in Baku, deepening diplomatic tensions between Azerbaijan and Russia.
The G7 Foreign Ministers urge Iran to promptly resume full cooperation with the International Atomic Energy Agency (IAEA), in accordance with its safeguards obligations, and to provide the IAEA with verifiable information on all nuclear material in Iran, including granting access to IAEA inspectors.
Factory activity across much of Asia remained subdued in June as the uncertainty surrounding U.S. trade policy weighed heavily on manufacturing sentiment, even as some economies reported slight improvements in output.
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