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 to Cooperate in Caspian Sea Oil Production
The Republic of Azerbaijan’s state-owned oil company will cooperate with an Iranian oil firm in exploration and production of oil in the Caspian Sea.
Iran starts testing Iraq gas pipeline
Iran has began pre-startup tests on a pipeline built to transport natural gas to Iraq to feed the country’s power plants, says an Iranian official.
Iran would enjoy oil, gas for next 60, 200 years
NIOC deputy-manager for explorations has said the country would enjoy gas and oil reservoirs for next 60 and 200 years, respectively.
Oil tankers return to Iran’s ports
The oil minister says with sanctions eased, foreign oil tankers begin port calls to Iran.
Iran’s non-oil exports up 21 percent
The Trade Development Organization says the country’s non-oil exports have posted double-digit growth.
Iran’s foreign debts down 9.7 percent
Iran’s foreign debts decline almost 10 percent in a year.
Enhancement of Iran, Italy Economic Ties Discussed
Senior Iranian and Italian trade officials explored new avenues for paving the way for the promotion of cooperation in various fields, specially in agricultural and railway sectors.
China Plans to Invest in Tabriz Tram Project
Chinese companies plan to invest in a Tram project to be constructed in the Northwestern Iranian city of Tabriz, a senior Chinese official announced on Sunday.
Iran Plans to Turn Jask Port into 2nd Oil Hub
The President says his government plans to turn a port in the south into an oil hub.
No Plan for Russia’s Iran Oil Marketing
Iran’s Petroleum Minister Bijan Namdar Zanganeh has dismissed reports of an agreement with Russia to sell oil for Iran.
Official: China Willing to Invest in Qom’s Monorail, Airport Projects
Chinese companies are interested to invest in infrastructural projects in Iran's Qom province, specially monorail and airport construction, a senior Chinese official announced on Sunday.
President Rouhani Orders Iran-140 Planes Grounded after Crash
Iranian President Hassan Rouhani has ordered the grounding of the country’s Iran-140 passenger planes after Sunday’s deadly crash in Tehran.
Sanctions are not to blame for a rise in unemployment
Economists blame wrong policies rather than sanctions for Iran’s unemployment crisis.
Zarif: Iran heart of region’s trade corridors
Iran’s Mohammad Javad Zarif says Iran is heart of the trade corridors of the region; could play a pivotal role in goods transit to Central Asia.
Iran Desk to be set up at Italian industrial promotion agency
An Italian delegation visits Iran to promote bilateral cooperation.
Iran Self-Sufficient in Diesel Fuel
Iran's Oil Minister says the country has become self-sufficient in the production of diesel fuel.
Iran Ready to Train Foreign Air Traffic Controllers
Iran is ready to offer standard training courses on working with radars to the air traffic controllers from other countries, Ebrahim Shoushtari, Deputy CEO for Aeronautical Operations at Iran Airports Company (IAC) announced on Sunday.
Iran Defines Six-Point Gas Development Plan
Iran has defined a six-point plan for the gas sector under the country’s sixth five-year economic development plan which starts in March 2015, director for planning of National Iranian Gas Company (NIGC) said.
Bushehr Exports Up 10% in Value
The southern province of Bushehr exported 2.049 billion dollars worth of non-oil Commodities during the first quarter of the current calendar year which started on March 21.
Iran’s 3-month carpet exports rise 23%
Iran exported 1000 tons of hand-made carpets in spring 2014, a 23 percent growth in weight compared to spring 2013, the acting director of Iran's National Carpet Center said on Wednesday.
Iran sanctions cost US economy $175bn: NIAC
The US sanctions against Iran have cost Washington as much as USD 175 billion dollars in losses for not doing business with the Islamic Republic, a Washington-based think-tank has found.
Iran’s Bushehr Province, Qatar Become Economic Partners
Qatar and Iran's southern province of Bushehr penned an agreement for economic cooperation.
Iranian Hydroelectric Power Plants’ Output Rises by 9%
The electricity produced by Iran’s hydroelectric power plants has witnessed over 9 percent increase since the beginning of the current Iranian year
Final nuclear deal to spur Iran economy: CBI official
A senior Iranian banking official forecasts a six-percent economic growth for Iran in case Tehran and six world powers reach a final accord on the Islamic Republic’s nuclear program.
Russia builds 5 power plants for Iran
Russian contractor Technoprom energy firm has negotiated construction of 5 power plants with Iran’s ministry of energy.
