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.
Two Russian banks have agreed to accept letters of credit (LCs) issued by Iranian banks, according to Eshaq Bandani, Deputy Governor for Foreign Exchange Affairs at the Central Bank of Iran (CBI).
Iran’s Parliament Speaker Mohammad-Baqer Qalibaf has officially notified President Massoud Pezeshkian of the law approving the country’s accession to the International Convention for the Suppression of the Financing of Terrorism (CFT), in accordance with the Iranian Constitution.
After six years, the Financial Action Task Force (FATF) has formally invited Iran’s Financial Intelligence Unit chief Hadi Khani for direct negotiations aimed at normalizing Tehran’s case and potentially removing the country from the FATF blacklist, ILNA reported.
The National Iranian Oil Company has expressed dismay at a UK court ruling to confiscate a building in London that belongs to the state oil company’s pension fund, stressing it will exhaust all legal means to overturn the ruling.
Iran’s Vice President for Legal Affairs Majid Ansari has said the country's conditional accession to the CFT (Convention on the Financing of Terrorism) provides an opportunity for Tehran to take legal action against the Israeli regime over its crimes.
The Jomhouri-e Eslami newspaper has sharply criticized Iran’s long delay in approving the CFT bill, arguing that the country was held back for seven years due to many obstacles, including opposition from a Friday prayer leader.
Tehran continued to increase its oil exports in September despite the continued pressure of US sanctions, and just before the United Nations re-imposed its sanctions against Iran.
Iran’s Oil Minister Mohsen Paknejad has announced the discovery of large natural gas and oil reserves in the Pazan field in the southern Province of Fars.
Member of Iran’s Expediency Council Mohammad Reza Bahonar says the body has conditionally approved Iran’s accession to the Combating the Financing of Terrorism (CFT) convention.
A member of Iran’s Expediency Council, has defended the body’s recent approval of Iran’s accession to the Combating Financing of Terrorism (CFT) convention, saying the decision reflects national interest despite political disputes.
Tehran has announced its joint development projects with New Delhi and other countries in the deep-water port of Chabahar will continue regardless of a recent decision by Washington to withdraw a sanctions waiver granted to the port seven years ago.
Iran’s Oil Minister, Mohsen Paknejad, stated that the potential reactivation of UN sanctions by the EU, or “snapback,” would not impact the country’s oil exports beyond existing US unilateral restrictions.
Iran will decide on joining the Combating the Financing of Terrorism (CFT) convention based on its national interests and may consider conditional acceptance through defined reservations, according to the head of the Financial Intelligence Unit at the Iranian Ministry of Economy.
Iran has set a new record in solar power generation, with output from its solar plants reaching 800 megawatts on August 26, according to the Renewable Energy and Energy Efficiency Organization (SATBA).
Iranian President Masoud Pezeshkian has announced that more than 1,000 megawatts of solar panels have been installed since his administration took office more than a year ago, part of a drive to meet the country’s renewable energy goals.
Iran’s ambassador to Russia said Monday that the delivery of Russian gas to Iran through the Republic of Azerbaijan could begin “in the near future,” pending agreement on pricing terms.
Flights have resumed over western Iran after a temporary closure of the country’s airspace in the region overnight, aviation authorities confirmed on Friday.
Armenia has formally requested the import of liquefied petroleum gas (LPG) from Iran to meet its immediate domestic needs, the country’s Economy Minister announced on Thursday.
Iran and Armenia have signed 10 memoranda of understanding on mutual cooperation during a key state visit by Iranian President Pezeshkian to Yerevan, aimed at enhancing bilateral relations.
Iran’s Minister of Roads and Urban Development, Farzaneh Sadegh, announced fresh agreements with Armenia aimed at strengthening transport and transit cooperation, including the construction of a second bridge at Nordooz and advancing plans to connect the Persian Gulf to the Black Sea by rail.
International airlines have resumed flights to Iran after a two-month suspension caused by heightened regional tensions and the 12-day conflict between Iran and Israel.
Iranian President Masoud Pezeshkian announced on his personal social media page that, thanks to the efforts of domestic engineers and specialists and with over 85% locally produced equipment, the first phase of the associated gas recovery project in southern Ilam province has been officially inaugurated.
