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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.

Iran oil

Iranian oil exports to Asian states jump by nearly 20% in 2014

December oil imports into Asia rose 22.1 percent over last year to 1.21 million barrels per day, the highest since May.
FPSO Vessel

Iran has signed a contract to buy FPSO vessel

Based on the contract signed of late, a floating vessel is to be used in the South Pars Gas field to exploit oil layers.
Iran Parliament

Iran parliamentary committee cuts National Development Fund’s share of oil

The share of National Development Fund of Iran from oil revenues has decreased to 20 percent from a previous 26 percent.
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.
Ayatollah Hashemi Rafsanjani

Individual actions have no place in the world

The Chairman of the Expediency Council has said in a message to an International Brand Strategy Conference that Iran’s dignity is closely interwoven with the quality products it makes at home or sends abroad.
Pour Mohammadi

Enemy cannot prolong its pump war

Justice Minister Mostafa Pourmohammadi has said that Iran has managed to undo the destructive effects of the Western-imposed sanctions.
Car

Iranian and French car giants sign auto deal

The two cars would be available on the market late this year (started on March 21, 2014) or early next year.
Saudi Oil

Sliding crude prices at the expense of alternative energies

Mohsen Renani, a university professor, says he does not buy arguments that Saudi Arabia has refused to reduce its output only to undermine Russia, Syria and Iran.
Iran-China

Iran, China ties strategic: Velayati

Iran is keen to boost ties with China and views its relations with Beijing as strategic, said Ali Akbar Velayati.
German flight

German no-frills airline to launch direct flights to Iran

German budget airlines Germania will have twice-a-week direct flights from Berlin and Dusseldorf to Tehran, in addition to a once-a-week direct flight from Hamburg to Mashhad.

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