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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.

Saudi Arabia Suspends Oil Exports via Bab el-Mandeb Strait

Riyadh has temporarily suspended all oil shipments through the Bab el-Mandeb Strait after Yemen’s Houthi Ansarullah movement launched retaliatory attacks on a Saudi warship and a vessel operated by the Riyadh-led coalition waging war the Arabian Peninsula state.

IRGC to Equip Su-22 Fighter Jets with Long-Range Cruise Missiles

Commander of the Islamic Revolution Guards Corps (IRGC) Aerospace Force says experts at his division have successfully overhauled and upgraded 10 Russian-made Sukhoi Su-22 fighter jets and plans to equip them with cruise missile that have a range of 1,500 km.
general-mohammad-ali-jafari

Iran Can Block Global Oil Exports Whenever It Wants: IRGC

IRGC Chief-Commander Major General Mohammad Ali Jafari has warned the US of the consequences of its efforts to cut Iran’s oil exports, saying that all oil transportation passageways are within Iran’s reach.

Hemmati Appointed New Governor of Iran’s Central Bank

Abdol-Nasser Hemmati, a former head of Iran’s Central Insurance, has been appointed as the new governor of the Central Bank of the Islamic Republic of Iran.

US Sanctions on Iran; Big Test for Erdogan

The Trump administration is engaged in intensive talks to persuade its European, Asian, and Middle Eastern allies to go along with US sanctions on Iran in a bid to increase pressure on Tehran, but it has yet to convince Turkey, a very important player in the region, to comply with its decision.

Sri Lanka Ready to Pay Its Oil Debts to Iran with Tea

Sri Lanka says it is considering a plan to settle payments to Iran for previous oil purchases by exporting tea to the country at equivalent values.

Iranian Refinery Signs Contract with German Firm

The Tabriz oil refinery has reached a deal with a consortium involving Iranian and German firms to renovate its sulphur recovery unit.

Iran’s Printing Museum; A Must-See Site for Tourists

Iran’s Script and Print Museum is one of the most spectacular and fascinating places where a tourist can spend his or her time.

Don’t Play with Lion’s Tail, Iran’s President Tells Trump

Iranian President Hassan Rouhani has advised his US counterpart not to play with fire by voicing frequent threats against the Iranian nation, amid an escalating war of words between Tehran and Washington.

Pilot’s Error Main Cause of Iranian ATR Plane Crash: Official

An official with the Civil Aviation Organization of Iran blamed the pilot and co-pilot for the February crash of an ATR passenger plane that killed 66 people in southwestern Iran.

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