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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.

Farhad Nili

State oil ownership is in contradiction with democracy

Farhad Nili, the director of the Monetary and Banking Research Institute, has said that an economy without oil can be envisioned for Iran.

Americans Allowed to Open Bank Accounts in Iran: Official

A source close to the Central Bank of Iran announced that Americans who live in Iran can open bank accounts in the country.
Iran Receives €20m Aid from EU for Safe Nuclear Energy

Iran Receives €20m Aid from EU for Safe Nuclear Energy

The European Union has provided Iran with a €20 million donation to help it develop safe nuclear energy, said the spokesperson of Atomic Energy Organization of Iran (AEOI).

Aseman Airlines, Pilot to Blame for February Plane Crash in Iran

Iran’s Civil Aviation Organization has released a preliminary report on the crash of an airliner in west-central Iran last month.

Iran Refinery Output at 1.83mbd

Iranian refiners produced 1.83 million barrels per day of refinery items in the current Iranian calendar year which began on March 20, a senior refinery official said.
Iran Saffron

Iran’s saffron exports hit $83 million mark

Iran registers a 20 percent rise in its saffron exports in the first half of the Iranian calendar year, earning more than 83 million dollars in revenues.

Europe, US may invest in Iran glass industry

Iran’s gas manufacturing industry has caught the eye of many foreign investors after the nuclear accord but we have to wait and see what happens to the outcome of the talks, said the head of the Iranian Glass and Crystal Producers Association.

Aligned OPEC members can stabilize oil prices: Iran

Iranian President Hassan Rouhani says collective efforts by OPEC member states can help stabilize global crude prices at a desirable level in 2015.

Iran Seeks Market Stability: Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh says Tehran supports moves like the Doha conference which are aimed at tackling the consistent market volatility, saying that OPEC member "Iran has never had a role in the market instability".

Iran to Increase Oil Swap Capacity in Caspian Sea Region

Iran plans to increase its oil swap capacity in the Caspian Sea and other regions, Deputy Petroleum Minister for International Affairs Amir Hossein Zamani Nia said. He made the remarks at the first international conference on “Rail-Ports and Rail-Oil” in Tehran.

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