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Business

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.

Asia

SAIPA Signs $1bn Finance Deal with South Koran Company

Fatemeh Askarieh -
Hassan Baghaei, the Deputy Commercial Manager of SAIPA auto-making group, said on Saturday May 28 that the group has inked a $1bn finance deal with South Korean company SK Networks.
Agriculture

Iranian, Chinese Firms Sign MoU on Agricultural Cooperation

Fatemeh Askarieh -
A major Chinese agricultural firm has penned a memorandum of understanding (MoU) with a leading Iranian engineering company in a bid to boost cooperation between the two countries in the field of agriculture, a report said.
Europe

Ukrainian FM Due in Tehran for Strengthening Ties

Fatemeh Askarieh -
Pavlo Klimkin, the Foreign Minister of Ukraine, will arrive in Tehran on Sunday May 29 for a two-day visit packed with various meetings with Iranian officials related to boosting bilateral relations and discussing regional issues.
Europe

Zarif Calls for ‘Tangible’ European Steps to Facilitate Banking Transactions

Fatemeh Askarieh -
Iranian Foreign Minister Mohammad Javad Zarif called on the European parties to the July 2015 nuclear deal between Tehran and world powers to seriously address problems hindering foreign banks from trying to work with Iran.
IFP Exclusive

Mercedes Benz Showcase in Tehran

IFP Editorial Staff -
On the anniversary of the establishment of the Benz Museum, a huge number of classic and brand new Mercedes Benz cars gathered for a...
Asia

Iran and Japan to Cooperate on Energy Efficiency

Emad Askarieh -
Iran’s Institute for International Energy Studies (IIES) and the Japan Cooperation Centre for the Middle East (JCCME) have agreed to cooperate on studying energy efficiency in Iran.
Asia

Pakistan Wants More Border Crossings with Iran

Golrokh Askarieh -
Pakistan commerce minister says establishment of more border crossings between Iran and Pakistan would help in boosting bilateral trade.
Europe

Iran and UK Sign Railway Transport MoU

Golrokh Askarieh -
Iran and Britain have signed a Memorandum of Understanding (MoU) in the field of rail transportation.
Asia

Indonesian Minister Due in Iran for Oil Deal

Emad Askarieh -
Iranian Minister of Petroleum Bijan Zangeneh will meet his Indonesian counterpart in Tehran on Monday to discuss fresh energy cooperation, Shana news agency says.
Europe

Iran Strikes Major Petchem Deal with ADKL

Golrokh Askarieh -
Germany's Abels Decker Kuhfuß Lenzen (ADKL) won a €2bn contract for developing a major petrochemical project in Iran's southwestern city of Masjed Soleyman.
Economy

Speaker Larijani: One Third of Previous Parliament’s Decisions Focused on Economy

Golrokh Askarieh -
Parliament Speaker Ali Larijani said that in the past four years, the body especially focused on the economy, allocating almost one third of its decisions to economic issues.
Energy

Iran Exports First Consignment of Gas Oil to Iraq’s Kurdistan

Golrokh Askarieh -
Iran has exported the first consignment of its gas oil to Iraq’s Kurdistan, a local official said.
Industry

Iran Climbs World Nanotech Ranking to 6th, Exceeding Japan

Golrokh Askarieh -
Saeid Sarkar announced that the country’s scientific ranking has improved this year to 6th, overtaking Japan, and now places Iran behind China, the US, India, S Korea and Germany.
Economy

Germans in Search of Business Opportunities in Iran

Golrokh Askarieh -
In a meeting between the chairman of the Tehran Chamber of Commerce and the Minister of Energy and Economy of Nordrhein-Westfalen state, there was a focus on expanding bilateral ties and easing banking relations in order to develop trade and investment between Iran and Germany.
Energy

Iran Increases Gas Output by 23bn Cubic Metres: Deputy Oil Minister

Golrokh Askarieh -
Iranian Deputy Oil Minister Hamidreza Araqi announced a considerable rise in the country's gas production output on Wednesday May 25.
Energy

Dutch Company to Assist Iranian Oil Terminal Renovation

Golrokh Askarieh -
The head of the Iran Oil Terminals Company (IOTC) has said that the company will cooperate with a Dutch oil company to refurbish its oil terminals and facilities.
Economy

Tayyebnia and Seif Positive about Growth Rates and Inflation

IFP Media Wire -
IFP: Economic Minister Ali Tayyebnia and Governor of the Central Bank of Iran Valiollah Seif both addressed the 26th Annual Conference on Monetary and...
Int'l Relations

Iran Working on New Transit Link to EU

Golrokh Askarieh -
Iran says it is working on a new combined transit route that would link its southern port city of Bandar Abbas to Europe through various CIS countries.
Europe

Switzerland Ready to Assist Iran in Post-Sanctions Era

Golrokh Askarieh -
Yves Rossier, the secretary of state at the Swiss Foreign Ministry, said his country is prepared to help Iran to reclaim its previous economic position at the international level following the removal of anti-Tehran sanctions.
Economy

Iran’s Knowledge-Based Products Exports Hit $85m in Two Years

Emad Askarieh -
Exports of Iran’s knowledge-based products totalled $85m over the last two years, said Iranian Deputy Minister of Science Vahid Ahmadi.
Agriculture

46 Countries to Attend Iran Int’l Agriculture and Food Expo

Emad Askarieh -
46 countries are going to take part in Iran’s international agriculture and foodstuff exhibition.
Energy

Iran’s Petropars in Investment Talks with Royal Dutch Shell: Official

Emad Askarieh -
Iran’s Pertropars Company and the global energy giant Royal Dutch Shell are in talks to boost their investment strategies in the country's growing energy sector, following the removal of anti-Tehran sanctions, an Iranian official said.
IFP Exclusive

Preparations Being Made for Foreign Companies to Open R&D Offices in Iran

IFP Editorial Staff -
Vahid Ahmadi, a Deputy Minister of Science, Research, and Technology, announced that Iran is trying to pave the way for other countries to increase...
Europe

Iran, Bosnia agree to expand banking cooperation

Emad Askarieh -
Iranian Ambassador to Bosnia-Herzegovina Seyyed Hossein Rajabi and the Head of the Central Bank of Bosnia discussed expanding bilateral banking relations.
Energy

NITC to Restart Oil Transfer to Europe Soon

Emad Askarieh -
In Bandar Abbas, Ramin Rajaei, an official from the National Iranian Tanker Company, said that the NITC will restart oil cargoes to Europe in the near future.
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