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.
Iran, Japan sign investment agreement to up economic ties
Iran and Japan have signed an investment agreement in a bid to boost economic cooperation after the lifting of nuclear-related sanctions against Tehran.
Iran stocks rally to one-year high
Iranian stocks have climbed to their best performance in a year, buoyed by international rush for business in the wake of a nuclear deal which went into effect last month.
German Firm to Invest One Billion Euros in Iran’s Copper Industry
The National Iranian Copper Industries Company (NICICO) and Germany’s MKM Mansfelder Kupfer und Messing GmbH, which is one of the largest European holding companies, signed a one-billion euro deal to develop cooperation in copper industry.
First Europe bank to open Iran office
Austria’s Raiffeisen Bank International (RBI) says it wants to open a branch in Tehran “as quickly as possible,” becoming the first foreign lender to set up shop in Iran after the lifting of sanctions.
Doha to Dump Gas in India
The price war, along with the share of the global oil market which has caused the current oil price slump, is now affecting the...
Germany, Japan Propose Investment in Iranian Petrochemical Projects
Germany's Linde Group and Japan's Mitsui have said that they are planning to jointly invest $4bn in a number of petrochemical projects in Iran, an official said.
Bank Melli to Begin Exchange Transfers for Iranian Expatriates
Gholam-Reza Panahi, the deputy governor for currency affairs at the Bank Melli of Iran (BMI), said that the bank is ready to receive foreign...
Iran bans wheat imports: Agency
Iran’s Ministry of Agriculture bans state imports of wheat in the coming Persian year which begins on March 20, ordering officials to stop registering new purchase orders.
Iran provides € 20m. credit line for exports to Russia
Managing Director of Exports Development Bank Ali Salehabadi said a credit line with a value of 20 million euro has been provided for export of goods to Russia.
Iran Inks Deal with ATR to Buy 20 Planes
Iran’s national airline, Iran Air, finalized a contract with ATR aircraft manufacturer on Monday to purchase 20 turboprops.
Linde, Mitsui plan $4 billion Iran investment
Germany’s industrial gases company Linde and Japan’s Mitsui Chemicals plan $4 billion of investment in Iranian petrochemical projects, an energy official says.
Govt.: Iran’s $100 billion ‘fully released’
The government says Iran can now access more than $100 billion in frozen assets after the implementation of a nuclear agreement last month.
Banking relations between Iran and Turkey go back to normal
Iran's Ambassadorto Turkey Ali-Reza Bigdeli announced banking relations between the two countries go back to normal and Bank Mellat will resume its operations in...
Iran rugs stacked for global markets
Iran is pitching its prized carpets for the US, a traditional market warped by cycles of sanctions which have allowed cheaper craft from India, Pakistan and China to secure a foothold.
What CEOs of Total, Airbus, Renault and Peugeot told Rouhani?
Iranian President, Hassan Rouhani, met with CEOs of major French companies as he arrived in Paris on Wednesday afternoon.
Welcoming Rouhani’s visit to Paris, Foreign...
Iran exports saffron to U.S for the first time in 15 years
Following the implementation of nuclear deal between Iran and world powers, first shipment of Iranian saffron to U.S. will be send in the coming...
Turks invade Iran with their garments
Iranian market with population of 80 millions is a golden opportunity for European and Asian countries to make investment and Iranian neighboring countries are trying to make utmost benefit from reentry of Iran into world economy.
Iran open to investment, win-win economic exchange: President
Iranian President Hassan Rouhani has expressed the country’s readiness to attract foreign investment and for a win-win economic exchange with other nations.
Safe space encouraging foreign flights to pass through Iran
A regional official of International Civil Aviation Organization (ICAO) said Iran's safe airspace has encouraged foreign airlines to seek passage through Iran’s flying zone.
‘General Electric in talks to enter Iranian market’
US giant seeks to enter Iranian market following the implementation of Iran’s nuclear agreement.
S. Korea opens center to support exports to Iran
South Korea launched a business center to support local firms exporting to Iran as the East Asian country seeks to broaden its presence in...
Iran Aiming for Major Hike in Tourism Income
Iran has formulated plans to increase revenue from the tourism industry within the next ten years to an amount equal to the income generated by oil sales, Head of the country’s Cultural Heritage, Handicrafts and Tourism Organization (ICHHTO) Masoud Soltanifar said.
Iran, Italy sign up to $18.4bn contracts
Iran and Italy have signed multi-billion dollar contracts covering various sectors including health, transportation, agriculture and energy.
Iran, Italy, France line up mining deals
Iran’s mining sector is probably a new darling of foreign investors, with companies from China to Europe lining up to try their hand in one of the least developed industries in the resource-rich country.
Iran, Egypt resume trade ties: Report
Iran’s first cargo of petrochemical products in recent years has left for Egypt, marking the resumption of trade ties between the two major Muslim countries, the Mehr news agency says.
