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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 to Resume Direct Flights to Erbil as of April 27

Iran will resume direct flights between Tehran and the Iraqi city of Erbil from April 27 after a six-month hiatus which saw Baghdad and its neighbors impose an air ban on the regional Kurdistan government over a secession bid.

Low Toll Fees in Iran Turn Cars into Capital Goods

Automobiles are regarded as capital goods in Iran as they are expensive and at the same time economical to maintain.

China Still Iran’s Top Business Partner

Islamic Republic of Iran Customs Administration's latest report shows China remains Iran’s top trading partner.

Iran’s Kerman Province Home to Globally-Registered Qanats

Kerman province in southeastern Iran is home to hundreds of qanats through which underground waters have long been extracted by local people.

Iran, Uruguay Discuss Expansion of Banking, Agricultural Ties

Iran’s Foreign Minister Mohammad Javad Zarif and Uruguayan President Tabaré Vázquez have called for expansion of collaborations in various fields, particularly banking and agriculture.

Iran Leader Hails Idea of Replacing Dollar with Euro in Int’l Transactions

The Governor of Iran’s Central Bank Valiollah Seif says the government eyes replacing the US dollar with the euro in its international transactions and the idea has been welcomed by the Leader Ayatollah Khamenei.

12 Arrested in Tehran over Illegal Currency Exchange

Tehran’s police chief says 12 unlicensed dealers accused of disrupting Iran’s currency market have been arrested on Tuesday, as part of measures to stabilise the rial that has been going down in recent weeks.

Street in Tehran Finally Named after Eminent PM Mosaddeq

After long debates over the naming of an important part of Tehran after Iran’s most famous prime minister, the City Council finally changed Tehran’s Naft (oil) street to Mohammad Mosaddeq, the man who nationalized Iran’s oil industry.

Iran FM Meets Brazilian President before Departing for Uruguay

Iran’s Foreign Minister Mohammad Javad Zarif, at the end of his visit to Brasilia, held a meeting with Brazilian President Michel Temer before leaving the country for Montevideo.

Iran, Brazil Sign MoUs to Expand Mutual Cooperation

Iran’s Foreign Minister Mohammad Javad Zarif and his Brazilian counterpart Aloysio Nunes have inked several documents of cooperation in the South American state’s capital.

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