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.

Signing LC Deal to Help Expand Iran-Italy Relations: Rouhani

Iran’s President Hassan Rouhani says a line of credit agreement between Tehran and Rome can pave the way for operationalisation of documents earlier signed between the two countries.

Minister Vows to Prevent Plunge in Iran’s Oil Exports

Iran is investing efforts to maintain its oil production and exports at current levels following the US pull-out from the nuclear pact that is to restore US anti-Iran sanctions, the petroleum minister said.

“Drop in Lira’s Value Due to Turkish Economy’s Dependence on Foreign Assets”

A senior Iranian official says the Turkish economy's dependence on foreign capital is to blame for a drop in the value of its currency.

Iran, India Resolved to Expand Ties despite US Sanctions

Iranian Foreign Minister Mohammad Javad Zarif has described his visit to India as fruitful saying he held productive meetings with Indian official.
China to Make $2bn Investment in Iranian Oil Refinery

China to Make $2bn Investment in Iranian Oil Refinery

A Chinese company is set to build an oil refinery in Iran’s northern province of Mazandaran with a $2 billion investment.

Iran’s Gas Condensates Exports Up %150 since US JCPOA Withdrawal

Iran’s exports of gaseous condensates have risen considerably following the US withdrawal from the Iran nuclear deal.
Qatar Bans Citizens from Buying, Selling Saudi-Made Goods

Qatar Bans Citizens from Buying, Selling Saudi-Made Goods

The Qatari government has banned its citizens from buying or selling goods made in a Saudi-led group of countries that maintain a blockade on the country, in a move that further shatters hopes for the settlement of the political crisis.

Attempt to Hijack Passenger Plane Flying over Iran Fails

An attempt to hijack a passenger plane flying from the UAE’s Dubai to the Afghan capital of Kabul has been foiled.

“US Sanctions on Iran’s Bank Chief Break Int’l Rules”

Iran’s foreign ministry has condemned the US sanctions against the Iranian bank chief, saying that the government and Central Bank of Iran reserve the right to adopt all legal and political solutions to counter the US Treasury Department’s move.

“Iran Must Prepare Itself for All-Out Economic War”

Mohammad Javad Larijani, a senior and influential politician, says the Iranian government must prepare itself for a full-scale economic war waged by the US.

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