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 Parliament Passes Rouhani’s Budget Bill after Amendments

Iran’s parliament has passed general outlines of President Hassan Rouhani’s new budget bill after initially rejecting it over concerns that the proposed cuts could hit vulnerable people the hardest.

Iran, China to Boost Trade Ties via Silk Road

Iran and China are making efforts to utilize the potential of the Silk Road to boost their trade cooperation and enhance ties with other countries located on the Road.

Pakistan Not Cooperating with Iran on Pipeline: Minister

Iran’s Minister of Petroleum Bijan Zangeneh says Pakistan is not cooperating on the construction of a much-delayed pipeline to pump natural gas to the country.

Iran to Complain to ICJ over Turkmenistan’s Overpriced Natural Gas Supplies

Tehran is to lodge complaints with the International Court of Justice over the quality and price of Turkmenistan's natural gas supplies to Iran.

Iran Parliament Rejects Framework of Rouhani’s Proposed Budget

The Iranian Parliament on Sunday disapproved the framework of the budget proposed by the Rouhani administration for the upcoming fiscal year (March 2018-19).
Flights at Tehran's Airports Resume after Heavy Snowfall

Flights at Tehran’s Airports Resume after Heavy Snowfall

The runways of Tehran’s Imam Khomeini International Airport were dug out from under 70 centimeters (more than two feet) of snow, letting flights resume on Sunday morning.
jahangiri

“Iran Signs Over $40bn Worth of MoUs after Nuclear Deal”

Iranian First Vice-President Es’haq Jahangiri says the value of Memoranda of Understanding signed between Tehran and foreign countries after the implementation of the Iran nuclear deal has surpassed $40 billion.

OECD Upgrades Iran’s Risk Rating to 5

The Organisation for Economic Cooperation and Development (OECD) has upgraded Iran’s rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE), moving it up one notch from 6 to 5.

Iran Arrests Suspects behind Volatility of Exchange Market

Police in Tehran have shut down several currency exchange shops and arrested a number of money changers suspected of being behind a recent turmoil in exchange rates.

Iran Leader Allows Gov’t to Withdraw $4 Billion from National Development Fund

Iran’s Leader has allowed the government to withdraw $4 billion from the National Development Fund to address a range of issues including the dust pollution engulfing the country’s southwestern provinces, a lawmaker said.

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