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.

Turkey Working to Avoid Negative Impacts of US’ Sanctions on Iran

Turkey's Foreign Ministry says the country's officials are working to prevent Ankara from being negatively affected by the US move to re-impose nuclear sanctions against Iran in the wake of Washington's withdrawal from a historic nuclear deal signed between the Islamic Republic and the P5+1 group of countries in 2015.

Europeans Make Ridiculous Offer on Buying Iran’s Oil: Report

The Europeans have reportedly put forward a ludicrous proposal on buying Iran’s crude oil as part of their efforts to save the Iran nuclear deal.

Gilan Province, Historical Hub of Silk Farming in Iran

Sericulture or silk farming has been practiced since ancient times in Iran, particularly in the northern province of Gilan.

Iran Ready to Expand Business Ties with D-8 States: FM

Iranian Foreign Minister Mohammad Javad Zarif and the Secretary General of the D-8 Organization for Economic Cooperation, Dato’ Ku Jaafar Ku Shaari, sat for talks on bilateral relations in Tehran.

“EU Allocates $80 Billion Credit to Cooperation with Iranian Firms”

Vice-President of the Iranian Chamber of Commerce says the EU has allocated a huge amount of credit to facilitating trade between Iranian and European small and medium-sized enterprises.

“US Unlikely to Get Tough on Iran before November”

Analysts believe the US is unlikely to become strict with Iran before the by-elections of the US Congress in November given the dire consequences of a possible hike in oil prices.

Iraq to Import Electricity from Saudi Arabia as Iran Stops Exports

Iraqi media say Prime Minister Haider al-Abadi has tasked the country’s Electricity Minister Qassem Al-Fahdawi to travel to Saudi Arabia to negotiate importing electricity from the Arab country.

US Confiscates Millions of Dollars of Iranian Bitcoins

An Iranian figure says the US federal government has so far seized 500 bitcoins owned by Iranian people worth over five million dollars.

India Eager to Continue Buying Crude Oil from Iran: Official

Iran’s Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi says Indian officials have expressed their interest in buying Iran’s crude oil despite the US sanctions.

“Iran’s Power Cuts Not Linked with Paris Climate Agreement”

An Energy Ministry official has rejected claims by opponents of the Rouhani administration that the recent power shortage across the country is a result of Iran’s fulfilment of its obligations under the Paris Climate Agreement.

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