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.
Long-time cooperation with Europe, Iran’s priority: Minister
The Islamic Republic of Iran's priority in its ties with Europe is long-term, sustainable, mutual cooperation, said Nematzadeh in his meeting with the Austrian president.
Iran’s annual gold production to hit 7 tonnes
Iran’s gold output is estimated to rise to 7 metric tons by 2017 which could significantly improve the country’s place among the world’s producers of the precious metal.
Iranian, Austrian officials review technological cooperation
Addressing a closing ceremony of the two-day Iran-EU conference dedicated to “EU-Iran – Post Sanctions Era” in Vienna, Sattari elaborated on developing markets in Iran.
Iran, Europe finalize $2 billion of projects
Iran and the EU have opened a conference on trade and investment in Vienna, with Iranian officials pledging to splash out more than $180 billion on oil and gas projects.
West realized anti-Iran sanctions had to go: Nahavandian
President Rouhani's Chief of Staff has welcomed expansion of economic and banking ties with Switzerland, saying that Swiss banks can play a positive role in Iran’s bank transactions and economic activities.
Germany seeks ‘stable’ economic ties with Iran
German companies are ready to transfer technology and technical know-how to Iran as part of efforts to re-engage with Iran on economic matters, said Sigmar Gabriel.
China won’t return Iran’s oil money even after a deal: Former top banker
Under a deal the Ahmadinejad government signed with the Chinese, the Chinese have been entrusted with holding Iran's assets.
Apple and Boeing are welcome, but not McDonald’s
The new opposition to McDonald's has reportedly its roots in the fact that the fast-food giant is known around the world as a symbol of Americanism.
Iran oil to hit 4.7 million bpd ‘soon’
Iran has the biggest hydrocarbon reserves in the world and deems itself responsible for the world’s energy security, said Zanganeh.
German vice-chancellor in Tehran heading big trade team
This is the first high-ranking European delegation visiting Tehran in the wake of the nuclear agreement with P5+1, said Hossein Esmaeili.
Iran planning to renovate airlines: Minister
The renovation will help Iran regain its previous position as a key aviation hub in the region, said Akhoundi.
What will happen when Iran’s oil is back on the market?
Fararu, an Iranian news website, has predicted that Iran’s return to global oil markets will bring about a positive change for both producing and consumer nations.
Tehran started planning to renovate airliners Iran Air, Aseman
Officials in Tehran say the country has serious plans to use the opportunities that the last week’s breakthrough in nuclear talks with P5+1 has provided to promote its domestic airline industry.
Iran offers India $8 billion of projects
Iran has offered India $8 billion worth of infrastructure projects, including a stake in developing the strategic port of Chabahar, the country’s ambassador to New Delhi has said.
Russia negotiating supply of ‘Sukhoi Superjet’ to Iran
The Russian minister of transport has said that Moscow is negotiating with Iran on the supply of Russian passenger planes Sukhoi Superjet 100 to Iran.
Boosting oil exports top priority for Iranian Oil Ministry: Zanganeh
The Iranian oil minister has said that the Islamic Republic plans to raise its oil exports after the implementation of the historic deal Iran and P5+1 clinched on July 14.
Iran has no plan to offer discounts on gas exports to Turkey
The NIGC chief has said that the result of The Hague arbitration will be out later this year and Turkey’s gas complaint will not affect Iran’s natural gas exports to Turkey.
Iran signs $2.3 billion gas pipeline plan
The contract includes building 590 kilometers of pipeline to the border with Iraq in addition to five gas compressor stations in two years.
Economy chief orders measures to accelerate capital inflow, privatization
The capital market should be as instrumental as the banking system in financing the country's projects, the economy minister said.
Iran says 14 new planes to join its civil fleet by yearend
Some 14 Airbus and Boeing passenger planes have been overhauled inside the country and will join the civil fleet before the end of year, said Hamid Habibi.
India to finance Iran rail tracks exports
India has signed a contract worth $233 million with Iran for exports of rail tracks by companies including Steel Authority of India.
Iran Asia trade soars amid West’s sanctions
Iran’s Asia exports rose nine percent to more than $5 billion in the two months to May 21.
Iranian president in Russia to attend BRICS, SCO summits
Iran’s President Hassan Rouhani is in Russia to participate in two major summits of BRICS and the Shanghai Cooperation Organization (SCO).
Iran, Tajikistan sign MoU to complete Anzob tunnel
Iran and Tajikistan have inked a deal to complete the Anzob tunnel, which connects the Tajik capital to the country's second largest city Khujand and is a transit route between Dushanbe and Tashkent.
Is $50 per barrel oil in the offing?
An increase in OPEC output, a hike in the number of American oil rigs and Iran's likely production increase contribute to the decline in oil prices.
