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.
Iran ready to introduce single forex system
A single forex rate system will be possible only after financial markets witness relative calm, said Tayyebnia.
Imports, contraband inflicting damage on Iran’s economy: Leader
Today, the pressure of imports is crippling the country, and there are very peculiar figures for the inflow of contraband to the country, said the Leader.
With or without sanctions, we’ll pursue resistance-based economy: VP
Eshagh Jahangiri described resistance-based economy as one which remains unfazed in the face of local and foreign shocks.
Time is perfect to cut dependence on oil: Economy minister
Dr. Ali Tayyebnia said the present juncture offers the best opportunity to reform the economy and cut dependence on oil.
Iran’s economic woes predate sanctions: Larijani
Economic independence is not tantamount to slamming the doors shut to the world, said Iran’s Parliament Speaker Ali Larijani.
Iran’s car sales up 32%
Saipa has announced a rise in its production and sales in 2014, saying that it has currently two plans in the works to defeat sanctions and increase sales.
WTO stresses support for Iran’s tourism industry
WTO Secretary-General Taleb D. Rifai has underlined that the World Tourism Organization is planning to help with promotion of tourism industry in Iran.
14 consortia ready to finance Iran-Iraq gas pipeline: Official
An Iranian energy official has said that 14 domestic consortia have voiced readiness to finance the construction of a pipeline that will transport Iran’s natural gas to Iraq.
Anti-Iran sanctions will be removed
The Iranian oil chief has said that the government and its nuclear negotiators have always been under the auspices of the Supreme Leader whose “expediencies and guidance” will help rid the country of sanctions.
Gas-sweetening solvents indigenized by Iranian researchers
Scientists at the Research Institute of Petroleum Industry in cooperation with the National Iranian Gas Company have indigenized solvents used in gas-sweetening units of refineries.
Iran launches world’s largest floating oil terminal in Persian Gulf
The 2.2-million-barrel floating oil storage unit (FSU) came on stream in Soroush oil region.
Iran ready to export technical services to Egypt: Deputy minister
Tehran-Cairo disputes have never been deep-rooted; both nations have a common stand on various regional and international matters, said Khazaei.
Iran’s auto production up by over 60%
Iran’s auto industry has raised its production of motor vehicles by over 60% over the past 10 months, according to local reports.
IMF calls Iran 2nd biggest economy in ME, N. Africa, Central Asia
The International Monetary Fund has said in its latest report that Iran is the second biggest economy in the Middle East, North Africa, and Central Asia.
Iran seeks alternative ways to increase non-oil revenues
President Rouhani has said that Iran should invest more in new technologies and related areas to increase its non-oil revenues.
Foreign gain with Iranian pain
Importers of Iranian products prefer to buy goods in bulk and have them packed to sell them to other countries to make huge profits leaving Iranian producers no share of the profits.
Nahavandian consults with Turkish envoy on preferential tariffs
Iran’s economy should be competitive to progress and in doing so private sectors of the two countries should feel balanced benefits.
Top MP: Iran is growing at a fast pace
Parliament Speaker Ali Larijani has said Iran is growing rapidly, but it needs to give momentum to its production sector to move forward even faster.
Tehran ready to ink regional convention on power plant safety: Iran nuclear chief
Iran is ready to create a regional safety convention for the supervision of the regional countries' power plant operations, said Salehi.
Pakistan will honor undertaking to lay gas pipelines on its side
Islamabad has said that it will fulfill its undertaking to lay gas pipelines on Pakistan soil, adding that gas imports from Iran will begin as of late 2016 or early 2017.
Iran starts laying new gasline to Iraq
The construction of the first pipeline which goes to Baghdad is almost complete and is to start carrying gas to the country by May, 2015.
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.
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 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.
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.
