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 said completion of new development phases at the South Pars gas field will help the country to raise extraction of gas from the joint offshore field to a level equal to that of Qatar by next March.
Foreign Minister of Ivory Coast Abdullah Albert Toikeusse Mabri expressed the West African country’s willingness to develop partnership with Iran in the energy industry.
Iran will on Monday start offering an international tender for oil and gas projects in the country for the first time since the removal of anti-Tehran sanctions.
The giant French hotel operator Accor Hotels follows a special mission in Iran and plans to implement several projects around the country within the next 10 years.
A number of Iranian experts and analysts hailed the recent moves by the US to ease anti-Iran sanctions, particularly the permissions given to Airbus and Boeing for selling planes to Iran, but at the same time called on Washington to boost its efforts to fully implement the JCPOA.
A spokesman for US mobile phone company AT&T said it has signed an agreement with an Iranian mobile phone operator to provide voice calls and data services to customers in the Islamic Republic.
Iranian President Hassan Rouhani invited Malysian companies to invest in Iran’s oil, gas and petrochemical industry, unveiling plans to double the volume of economic ties between Tehran and Kuala Lumpur in the post-sanctions era.
The CEO of PSA Peugeot Citroen said the French automaker has returned to Iran’s market with the purpose of making up for lost time, when the company’s forced exit from Iran under the sanctions caused discontent among Iranians.
French media outlets reported that Iran and the French car manufacturer Renault have penned an agreement for restoring their cooperation in automotive industry.
After a controversy about comments on Iran by Germany’s vice-chancellor and minister of economy, who is now in Tehran, his planned meeting with Iranian Foreign Minister Mohammad Javad Zarif was cancelled on Tuesday.
European economies are not the only option Iran can take up when it comes to trade interaction, Iranian Minister of Economic Affairs and Finance Ali Tayyebnia stressed.
An International Monetary Fund (IMF) staff report says that economic conditions are improving substantially in Iran following the implementation of the Joint Comprehensive Plan of Action (JCPOA).
German Economy Minister Sigmar Gabriel promised on Monday to remind the United States of its commitment to reduce sanctions against Iran, as he courted business ties during a two-day trip to the Islamic Republic.
Iranian Foreign Minister Mohammad Javad Zarif highlighted the efforts the Foreign Ministry has made during his term to boost the country’s economy, saying foreigners are now queuing up to have trade ties with Iran.
Iran’s Ambassador to Netherlands Alireza Jahangiri highlighted the importance of bilateral relations between the two countries, saying that Tehran and Amsterdam plan to promote trade ties based on a well-defined roadmap.
