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 calls on Sweden to restore ranking of Iranian banks to prior level
The governor of Central Bank of Iran tells a visiting Swedish delegation Iran's policy focuses on establishing proper economic relations with longstanding trade partners.
Iran, South Korea to launch shipbuilding JV
The venture will be established between Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Hyundai.
Zanganeh: No permission required to boost Iran oil output
Iran has officially announced that it will increase production by 500,000 barrels a day immediately after sanctions have been lifted.
Fiat in talks for car manufacturing in Iran
The minister of industries, mines and trade has said that Iran is planning to produce 3 million automobiles in less than 10 years, one-third of which will be exported.
‘International firms ready to accept Iran Petroleum Contract’
Javadi said international companies active in the oil industry are ready to cooperate with Iran within the framework of deals based on the new Iran Petroleum Contract.
Italy is a reliable partner for investment in and transfer of technology to Iran
Riccardo Monti said in recent months Iran has made it clear that it does not solely intend to purchase foreign products; rather it is trying to find reliable partners for joint investment as well as transfer of technology for domestic production.
President Rouhani welcomes participants in GECF summit (PHOTOS)
Among others, presidents of Bolivia, Russia, Equatorial Guinea, Nigeria, Venezuela, Iraq and Turkmenistan attended the summit of Gas Exporting Countries Forum (GECF).
GECF urges cooperation over market issues
The GECF declaration also highlighted the need for member states to work together over the security of natural gas supplies to the markets worldwide.
Heads of state arrive in Tehran for GECF summit (PHOTOS)
Presidents of Bolivia, Russia, Equatorial Guinea, Nigeria, Venezuela, Iraq and Turkmenistan are among foreign dignitaries who have arrived in Tehran.
Iran, Turkmenistan sign 9 memorandums of understanding
The agreements cover cooperation in areas such as health, mail service, media, power transfer, sports, transportation and housing.
Adeli again picked as GECF secretary-general
The GECF also picked Iran’s Oil Minister Bijan Zanganeh as deputy chairman and Qatar’s Minister of Energy and Industry Mohammed Saleh Al Sada as chairman of the Forum.
Frankfurt hosts a conference on investment in Iran
A German foreign trade expert has said that his country is seeking to raise its exports to Iran to € 5b in the next two years.
Nine heads of state to attend Tehran gas summit: Oil minister
Bijan Namdar Zanganeh said that member of the Gas Exporting Countries Forum are mature enough to have cooperation in tandem with competition.
Farmers clearing once brimful water canals (PHOTOS)
The tradition has not drifted into oblivion, the region has been in the grip of an 18-year dry spell though.
Iran to buy shares of African banks
Afkhami-Rad has unveiled plans for establishing joint funds and commercial chambers with African states as well as an increase in the number of Iranian commercial attachés in Africa.
Germans clinch Iran’s biggest solar projects
Under the agreement, Germany will build several solar farms in Tehran, Tabriz and Isfahan as Iran embraces clean energy, Ali Barband said.
Iran signs landmark $6 billion power deal
The agreement between the Ministry of Energy and the foreign firm envisages developing gas-powered plants for 3,250 MW and wind farms for 1,000 MW of electricity, Nobakht said.
Peugeot says ready to transfer modern technology to Iran
Peugeot says it is willing to cooperate with post-sanctions Iran and help its automotive industry to manufacture better vehicles.
Major Bavaria trade team visiting Iran
Bavaria’s minister for economic affairs has described Iran as a very attractive and profitable market for European enterprises.
Iran to invest in New Development Bank
A deputy economy minister has said that efforts to develop Iran-Brazil ties have gained momentum and that the two countries have inked deals on customs, double taxation and joint ventures.
Iran, Brazil firm to boost economic relations
Brazil has always been among the priorities of Iran’s foreign policy, Zarif said at a meeting with the Brazilian minister of development, industry and trade.
Russia’s Putin likely to visit Tehran: Report
Putin’s Tehran visit depends on his schedule and a decision has yet to be made, Kremlin Spokesman Dmitry Peskov said.
Iran can use the knowledge of foreign managers to get into global markets
Industry Minister Mohammad Reza Nematzadeh has said that Iran has set a target of $190b in exports for 2025.
Flow of Iran’s oil in post-JCPOA era ends oil honeymoon of Arab nations
When sanctions are lifted, Iran can tap into the great potential of its naval fleet to deliver uninterrupted oil to Turkish refineries.
To secure inflow of capital, corruption and restrictive rules should be eliminated: Official
The head of Iran’s Chamber of Commerce has said that an inflated government can do little to pave the way for a resistance-based economy to grow.
