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’s Oil Minister Bijan Zanganeh says the country’s overall sales of crude oil and condensate will reach as high as $41 billion by the end of the current Iranian calendar year (21 March 2017).
The Philippines may start importing apples from Iran once test analysis and sampling have been approved, the country’s Department of Agriculture (DA) said.
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi says the construction of new nuclear power plants in Bushehr, southern Iran, helps save some two million barrels of oil per year.
The Managing Director of Iran Air Farhad Parvaresh said the carrier’s newly purchased Airbus A321 will be used on international routes within two months.
Iran has received the first plane purchased from the European giant aircraft maker Airbus following a landmark nuclear deal reached between Tehran and the six world powers.
Iran says it is ready to proceed with a much-awaited project to export natural gas to Iraq as soon as Baghdad takes measures to make the related payments.
Iran says it has started talks with major American and Italian companies to form partnerships with some of its oldest brands of household devices in what appears to be a policy to prevent their demise.
Iran Air has reportedly received the first Airbus A321 passenger plane it had purchased from the giant airplane manufacturer Airbus in a deal that ended decades of sanctions against Iran’s aviation industry.
An Iranian official says besides international conferences, Iran’s mining sector needs to work on its imperfect infrastructure and data systems to attract international investors.
The row between Iran and Turkmenistan over outstanding debts for previous natural gas sales is taking to new highs with Tehran saying it plans to sue Ashgabat for turning off the taps.
Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts, a report said.
Iran has reportedly cut electricity exports to Iraq due to the country's accumulated debt of nearly $1 billion to Iraq, Iranian and Iraqi officials noted.
Iranian Railroad Company’s Director General for International Affairs Abbas Nazari said Tehran and Rome are in negotiations over Italy’s investment in two rail projects in the Islamic Republic worth 4 billion euros.
An Iranian energy official denounced Turkmenistan for going back on its word and cutting off gas supplies to Iran abruptly, saying, however, that Iran’s ability to feed the countrywide gas grid remains unaffected by such “immoral” measure by the Ashgabat government.
South Korea’s Daewoo Shipbuilding and Marine Engineering Company (DSME) – the world’s second biggest shipbuilding companies – has announced a major deal to develop a construction yard in Iran.
A direct passenger train service has been launched between Iran’s northeastern city of Mashhad and Azerbaijan’s landlocked region of Nakhchivan, a report said.
The number of four-wheeled motor vehicles manufactured in Iran during the first nine months of the current Iranian calendar year, which started on March 20, shows a 39.1 percent increase compared to the same period last year.
