Business

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.

Afghan Immigrants Leaving Iran after Devaluation of Iranian Currency

A huge number of Afghan immigrants and refugees have begun to leave Iran due to the recent decline in the value of the Iranian national currency, arguing that it’s no more cost-efficient to work in the country.

Iran’s Beauties in Photos: Grape Harvest in Khuzestan

The agriculture-rich province of Khuzestan in south-western Iran is home to thousands of vineyards, from which thousands of tonnes of grape are harvested.

Iran Furniture Museum; History of an Industry

The Furniture Museum of Iran reveals the long history of the industry in the country, and opens a window for the visitors to thousands of years of art and industry in the Iranian territories.

South Korea Rejects Reports on Stopping Oil Imports from Iran

The South Korean embassy in Tehran has rejected the groundless reports on suspending its shipments of Iranian crude oil and gas condensates in July.

Iran Dismisses Claim Germany Holding Its Assets

Iranian Foreign Ministry Spokesman Bahram Qassemi has rejected the baseless claim that Germany has blocked parts of the Islamic Republic’s financial assets.

World Powers Reaffirm Commitment to Continuation of Iran’s Oil Exports

Russia, China, Germany, France, and the UK have reaffirmed their commitment regarding a number of objectives including the continued export of Iran’s crude oil despite the US’ bid to cut the Islamic Republic’s oil revenues.

IRGC Prepared to Put into Action Rouhani’s Threat on US Oil Bans

Iran's Islamic Revolution Guards Corps (IRGC) says it stands ready to put in action President Hassan Rouhani's latest position that if Tehran were not able to export its crude oil through the Strait of Hormuz, no other country would be able to do so.

‘Sultan of Gold Coins’ Arrested in Tehran

Iranian police forces have arrested a man who had hoarded about two tonnes of gold coins over a period of 10 months.

EU Parliament Allows European Investment Bank to Work with Iran

EU lawmakers allowed the European Investment Bank (EIB) on Wednesday to do business in Iran despite the US sanctions on the Islamic Republic, keeping alive plans to save the 2015 nuclear deal with Tehran after the US withdrawal.

Major Project Inaugurated to End Water Crisis in Southern Iran

A huge water transfer project named Ghadir II became operational in southern Iran on Wednesday night, ending the residents’ water problem after long time.

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