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.
Iranian researchers crafting driverless cars ‘gradually morphing into robots’
An automated car will temporarily take over from a distracted driver, and pull over and park or head home if someone is unfit to drive, the researcher working on the project predicted.
Iran, Austria to triple volume of bilateral trade: Iran min.
The Iranian minister expressed hope that in view of the available grounds for cooperation between the two countries, the goal would be realized in the near future.
Trade minister reports on agenda and meetings with Spanish delegation
Cooperation between Iran and other countries should help us find our way into foreign markets, the industry minister said.
Tehran, Vienna sign 15 MOUs worth €80m
Austria is willing to contribute to many Iranian projects in line with the trade philosophy that both sides can benefit from the agreement signed, said Christophe Leitl.
‘Iran backs any oil market recovery bids’
Iran’s Oil Minister Bijan Zangeneh says Tehran will support any step to help the recovery of the oil market.
Austria’s OMV to help double Iran’s oil, gas output
Iran says it plans to use the help of Austrian energy giant OMV to increase production at its oil and gas reservoirs.
Iran says ready to export 200k bpd of oil to Spain
Iran says it is ready to increase its oil exports to Spain to levels that existed before the US-led sanctions were put into place.
Iran’s food industries waiting for investment to enter international markets
Since the Iranian food industry is operating at 40 percent of its full capacity, plans to boost food exports seem to be necessary.
Tehran, Prague to finalize economic roadmap
Prague is ready to expand cooperation with Tehran in diverse industrial and trade sectors including agriculture, transportation, and technology transfer, said Lubomir Zaoralek.
A look at the mission of the Spanish delegation visiting Iran
Iran’s ambassador to Spain has said that Tehran and Madrid can tap into their experiences to work on joint energy and non-energy projects.
Turkish oil company experts visit Amirabad port to invest
At the end of the meeting, the Turkish delegation visited the installations of the port.
Iran, Iraq sign three agreements on economic cooperation
Iran and Iraq will expand customs cooperation while taking steps to do away with double taxation and encourage mutual investment in the two countries, said Tayyebnia.
Iran, Iraq could pump up trade to $20bn: Minister
A rise in Iran-Iraq transactions will serve the interests of both countries, Tayyebnia said in a meeting with Iraqi Finance Minister Hoshyar Zebari.
Iran’s shared oil, gas fields need $50 billion
Iran plans $50 billion of investment to boost recovery from its shared oil and gas fields, including 700,000 barrels per day of crude, Minister of Petroleum Bijan Zangeneh says.
Iran nuclear deal cannot fix all economic problems
Sadegh Zibakalam, an Iranian political analyst, has said that unaccountability is a problem bigger than sanctions for Iran, adding that the country should learn lessons from other nations on fixing the economy.
Iran determined to reclaim its share in global oil market: Zanganeh
Iran's oil minister says the Islamic Republic is determined to reclaim its share in global oil markets once sanctions imposed on the country’s energy sector are lifted.
Iran, Oman sign deal to finalize gas pipeline project
The 400 km export pipeline will carry Iran’s natural gas to Sohar Port in the Persian Gulf country
India, Korea plan $10 billion energy park in Iran
A consortium of Iranian, Indian and South Korean companies seeks to set up an energy park in Iran’s Khuzestan province in a project worth $10 billion, including generation of 1,000 megawatts of solar power, the IRNA news agency says.
Bank Melli Iran pursuing case of frozen assets in US
The governor of Bank Melli Iran has said his bank seeks to overturn the verdict by a US court on its frozen assets in two American institutes, adding that the bank’s lawyer is seriously pursuing the case.
Iran eyes Japan help for bullet trains
The deputy transportation minister has said that given Japan's experience in launching high-speed trains, Tehran is interested in cooperation with Tokyo.
Iran, Germany eye closer economic ties
The parliament speaker has praised Germany for its positive role in Iran-P5+1 talks, hoping Tehran-Berlin ties would be expanded following the conclusion of the nuclear deal.
Iran’s capital market is to absorb more foreign investment
An Iranian daily has taken a closer look at Iran’s capital market and its dire need for absorbing foreign investment in the post-sanctions era.
Windmill: Original Iranian Experience of Industrial Structure
The widespread availability of wind has made it possible for Iranians in desert areas to use the windmills.
Tehran in Talks with Moscow to Purchase Sukhoi Superjet 100
The vice-president for science and technology has said that Iran and Russia are to sign a deal to boost mutual cooperation in various areas of science and technology.
Iran, China discuss construction of nuclear plants
During the meeting, the two sides stressed the implementation and execution of the Joint Comprehensive Plan of Action (JCPOA) reached between Iran and the P5+1.
