Business
Latest Business News in Iran – 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.
KOGAS to build Iran-Oman gas pipeline
The media in Seoul have reported that Korea Gas Corporation (KOGAS) is considering a project to build a subsea pipeline to take natural gas from Iran to Oman – what would bring Tehran closer to an ambitious plan to become an exporter of liquefied natural gas (LNG).
South Korea ups oil imports from Iran
A new report says South Korea increased crude imports from Iran by 91 percent in February from a year earlier.
Undersea pipeline to take Iran gas to India: Report
The Indian government is reportedly determined to seal a deal with Tehran on laying a direct undersea gas pipeline from Iran to India.
41,000 More Flights Passing through Iranian Airspace, Compared with Last Year
During the past eleven months, 286,904 flights have been registered as passing through Iranian airspace, which is 41,000 more than during the same period the year before.
Iran, Vietnam to Raise Bilateral Trade to $2bln: Rouhani
Iranian President Hassan Rouhani on Monday hailed the existing potentials for expansion of trade ties between Tehran and Hanoi, and declared a decision by the two sides to boost the annual bilateral trade to $2 billion in five years.
Tehran bourse roars to 2-year high
Tehran’s benchmark TEPIX index rises above the 80,000-point mark for the first time in two years, driven by continued optimism about prospects of an economic growth following the lifting of sanctions.
Iran Khodro sees imminent Mercedes deal
Iran Khodro expects to sign a commercial deal with Mercedes-Benz within the next six months, the CEO of the Middle East’s biggest carmaker says.
Iran, New Zealand FMs urge enhanced economic relations
The foreign ministers of Iran and New Zealand on Sunday emphasized the importance of expanding bilateral relations, particularly in the economic sector.
Belgium, Turkey Eye Presence in Iran’s Gas, Energy Market
The Belgian deputy prime minister said Brussels and Ankara will cooperate on major gas and energy projects in Iran under a joint venture agreement.
China Eyes Major Investment in Iran’s Railway, Shipping Sectors
Two Chinese firms expressed willingness for investment in Iran’s railway and shipping sectors following the termination of anti-Tehran sanctions.
Australia ready to boost trade with Iran
The Australian government on Saturday expressed determination to expand trade activities with Iran in a post-sanctions era.
Japan to supply Iran with medical devices
Japan is to deliver medical devices worth 1.2 billion yen ($10.5 million) to Iran as per a grant aid agreement which is being entered into effect Saturday.
US fears obstructing trade with Iran – UK
British trade officials say fears from US punitive measures is preventing the country’s businesses to approach the Iranian market.
Iran urges facilitation of banking operations, trade exchanges
Iran calls for the facilitation of its banking transactions and trade exchanges with world countries following the January removal of sanctions against Tehran, the chief of staff of President Hassan Rouhani says.
British Airways to resume flights to Iran
Iran’s media said on Thursday that an agreement has been signed with Britain that would allow the country’s flag carrier airline British Airways to resume flights to Iran after a hiatus of six years.
Lufthansa inks deal to repair planes in Iran
Germany's Lufthansa aviation giant is set to establish a repair and maintenance service unit in Iran. The company is reported to have sealed a deal with Iran Air to the same effect which also envisages cooperation in several other key areas.
Britain’s Biggest-Ever Trade Mission to Visit Iran in May
A huge delegation of British businessmen is planned to travel to Iran in May in a bid to explore business opportunities in the Islamic Republic following the termination of anti-Tehran sanctions.
Iran Oil Export Up at 1.8 mb/d: NIOC Chief
Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said that Iran has increased its crude oil export to 1.8 million barrels a day.
Iran exports 32 tons of heavy water to US
Iran on Tuesday announced that it had exported 32 tons of heavy water to the United States in what could be a landmark progress in the commercialization of the country’s nuclear energy program.
Iran develops second generation solar cells
Iranian researchers at Shahid Chamran University of Ahvaz has for the first time developed hydrogenated amorphous silicon solar cells.
‘US, German, Japanese insurers seek Iran service market’
Insurance companies from the United States, Germany and Japan have reportedly offered to provide services in Iran.
Shell Pays Iran Dues over Oil Deliveries
Royal Dutch Shell paid its outstanding debt of 1.77 billion euros ($1.94 billion) to Iran following the termination of anti-Tehran sanctions.
World’s Most Powerful Hybrid Car Built by British-Iranian Brand
Arash Motor Company unveiled the world’s most powerful hybrid car at the renowned Geneva Motor Show.
U.S. investors late for Iran deals worth billions, Greylock says
U.S. investors are at risk of getting shut out of deals in Iran while their European competitors get a head start on billions of dollars in opportunities unlocked by the lifting of international sanctions, according to Greylock Capital Management.
Iran warns cautious European banks
Several Iranian officials have warned European banks that they might miss out on opportunities provided by the lifting of sanctions if they continue to dawdle on returning to the country.
