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, Azerbaijan plan to establish joint bank
The minister of communications and information technology has said that a number of Iran's private banks are interested in entering Azerbaijan's banking market.
Two Iranian banks to start operating in UK soon: CBI head
The CBI governor has said that Iran and Britain seek to exchange banking delegations in order to pave the way for cooperation between Iranian and British banks.
India eyes LNG imports from Iran’s Chabahar Port
Iran has offered a proposed rate of $2.95 for each million British thermal unit of LNG that it plans to sell to India in the future, said the Indian union transport and shipping minister.
Iranian exports to EU up 14% in six months
Experts expect that Iran's trade with the world, especially the European countries, will rise remarkably after the final nuclear deal between Tehran and P5+1 takes effect.
Iran nuclear deal to boost Tehran-Moscow trade ties: Official
Trade turnover between Russia and Iran could significantly rise after the Iran nuclear deal is ratified, said Asgaroladi.
Iran to resume carpet exports to US: Official
The termination of general and direct sanctions against Iran will have a major impact on the increase of carpet experts to the US, Hamid Kargar said.
Iran gets first ever associated gas offer
The deal with the French company would cut Iran’s flaring of the associated gas in the offshore Persian Gulf fields by one-fourth.
Europe, US may invest in Iran glass industry
Iran’s gas manufacturing industry has caught the eye of many foreign investors after the nuclear accord but we have to wait and see what happens to the outcome of the talks, said the head of the Iranian Glass and Crystal Producers Association.
Iran’s economy grows if and when helped by the younger generation
The head of Tehran Chamber of Commerce warns of a new class of rich people who were born under the previous government, saying they can become the bane of Iran’s economy.
Iran warns Greek airline to remove Tel Aviv from Tehran office’s destinations list
In a written warning, the Civil Aviation Organization cautioned Greece's Aegean Airline to remove the fake name of Tel Aviv from its online sales system, said Rahimi.
Iran exported $60 million worth of carpets in 4 months
The Iranian hand-woven carpets have been exported to 80 countries, said the head of the National Carpet Center.
Iran says draft of Iraq gas deal ready
Iran and Iraq are expected to sign the agreement within two weeks and exports of natural gas from Iran to Iraq will start accordingly, said Azizollah Ramezani.
Official invites Japanese banks to launch branches in Iran
Iran’s free trade zones are appropriate for the establishment of branches of Japanese banks and insurance companies, said Afkhamirad in a meeting with a top Japanese delegation.
Pilot error, plane weight main causes of Iran-140 crash: CAO
The pilot’s performance, malfunctioning of the engines' control system, and breaching the maximum takeoff weight were the main reasons behind the crash of an Iran-140 airplane.
Spanish traders to visit Iran Monday
The Spanish group is coming to Tehran to sign an MOU on cooperation with Iran Power & Water Industries Equipment and Services Export Company.
France’s ADPI to invest in Iran airport projects
France’s ADPI Group is in talks with Iranian officials over the expansion of Tehran’s Imam Khomeini International Airport as well as the development of Mashhad and Shiraz airports, said a CAO official.
Italy’s Fata inks $543 million Iran power deal
Italy’s Fata, the engineering unit of the country’s leading industrial group Finmeccanica, has signed a 500 million euro ($543 million) contract with Ghadir Investment Company to build a power plant in Iran.
President Rouhani, Foreign Ministry offer felicitations on Reporter’s Day
National Reporter’s Day on August 8 marks the martyrdom of IRNA correspondent in Afghanistan Mahmoud Saremi 17 years ago in the northern Afghan city of Mazar-i-Sharif.
Iran to unveil new oil contracts in London
New contracts with foreign companies will be signed in the Integrated Petroleum Contract framework which will be more attractive, said Zanganeh.
Italy to broaden cooperation on auto industry with Iran
Italy was Iran's traditional trade partner, but today we seek to play an extensive active role in various fields, the Italian minister said.
Level of trade relations with Italy above normal: Iran’s Zarif
Parliamentary and judicial exchanges, cooperation in education, and combating narcotics trafficking and organized crime were among issues raised at a meeting between the two top diplomats.
Iran, Azerbaijan mull expansion of economic cooperation
Termination of sanctions after the conclusion of a nuclear deal between Iran and P5+1 has prepared the ground for expansion of economic cooperation between the two countries, said Tayyebnia.
US preparing for joint commerce chamber with Iran: Official
Mohsen Jalalpour said Iran will start to do the same thing two months after the formation of a chamber in the US.
Germany to set up Bank in Iran: Official
According to the regulations of free trade zones, foreign investors can establish new banks or bank branches in these zones, Seif said.
Iran billed ‘most lucrative’ hospitality market
According to Iranian officials, hotel groups from Germany, Greece, South Korea and Singapore have recently traveled to Iran for talks.
