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News and reports about all things to do with commerce, trade, banking and industry in Iran and the world. Covering ongoing developments, market news, contracts, joint ventures, trade delegations, chambers of commerce, manufacturing, labour news and resource management.

Iran Equals Qatar in Natural Gas Output from South Pars

Iran Equals Qatar in Natural Gas Output from South Pars

The phases 17, 18, 19, 20, and 21 of the supergiant South Pars Gas Field in southern Iran were officially inaugurated by Iranian president on Sunday, increasing the country’s output from the joint gas field to Qatar’s level.
Bijan Zangeneh

Iran to Support OPEC Oil Cut Extension If Unanimity Reached

Iranian Minister of Petroleum Bijan Zangeneh says he believes most members of the Organization of the Petroleum Exporting Countries (OPEC) would endorse extension of the organization's output cut initiative in the upcoming OPEC meeting, adding Iran would also support the cut extension if other members unanimously back it.
iran oil

Iran Becomes Second Supplier of S. Korea’s Crude Oil: Report

The Islamic Republic of Iran has turned to the second oil supplier of South Korea, which has imported 2.26 million tonnes of Iranian crude, or 534,368 barrels per day (bpd), up 118.8 percent from 1.03 million tonnes a year ago, reaching a record
ATR aircraft

Iran, ATR Sign Major Aircraft Deal

European aviation giant ATR said it has signed a deal with Iran's national flag-carrier airline Iran Air to sell 20 aircraft to Tehran.
Iranians Can Keep up to 10,000 Euros

Iranians Can Keep up to 10,000 Euros

Iranian people are authorized to keep up to 10,000 euros or its equivalent in other currencies, according to the country’s central bank.
Iran Won’t Register Vehicles without Emission Standards

Iran Won’t Register Vehicles without Emission Standards

Motor vehicles which do not measure up to emission standards will not be registered in Iran.
Iran's Aseman Airlines Signs Deal to Buy 60 Boeing Planes

Iran’s Aseman Airlines Signs Deal to Buy 60 Boeing Planes

Iran Aseman Airlines has signed a Minute of Agreement (MOA) with the American plane giant Boeing to purchase 60 B737-Max passenger jets worth more than $5 billion based on catalogue prices.
78% Increase in Iran-EU Trade Transactions

78% Increase in Iran-EU Trade Transactions

Trade transactions between Iran and the European Union (EU) reached €13.744 billion in 2016, showing a 78-percent growth compared to the figure for 2015.
Shaashak boat

Iran Restarts Production of Mothballed Unsinkable Boat

Iran has resumed the production of a traditional 'unsinkable' boat long after it was mothballed.
Ayatollah Khamenei speech

Enemies Using Economic Pressure to Achieve Goals: Iran Leader

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the issue of economy is a priority for Iran, adding that the enemies seek to undermine the trust of the Iranian nation in the Islamic establishment through mounting economic pressure.

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