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.
The French ambassador to Tehran says volume of trade between the European Union and Iran reached 5 billion euros last year.
Philippe Thiebaud said this figure is considerable.
Iranian Oil Minister Javad Owji signed eight major cooperation agreements with Venezuela and Nicaragua during his recent Latin America tour, according to a report published by the local media.
Iranians have, in recent days, witnessed a steep hike in prices of essential items, mainly wheat-based food, in the aftermath of a government decision to eliminate the subsidy for industrial use of flour.
An official with the National Iranian Oil Company (NIOC) says the gas production capacity at Phase 11 of South Pars, a major natural-gas condensate field in the Persian Gulf, will reach 14 million cubic meters (mcm) per day by the end of this Persian calendar year.
Iranian Oil Minister Javad Oji has held talks with Venezuelan President Nicolas Maudro over ways of neutering the US sanctions against the two countries.
Iran’s bilateral trade with the member states of the Shanghai Cooperation Organization (SCO) grew 33 percent in the last Persian-calendar year (ended March 20), the Islamic Republic of Iran Customs Administration says.
Iran’s national airline plans to increase flights to Europe in the current Iranian year (starting on March 21), head of Civil Aviation Organization Mohammad Mohammadi-Bakhsh said on Saturday.
The head of the Iran-Iraq Joint Chamber of Commerce says Baghdad will, in the coming days, resume the process of settling the debts owed to Tehran for its energy purchases, as part of an agreement newly reached between the two neighbors.
An Iranian customs official says the Islamic Republic registered a positive balance of trade in the first month of the Persian calendar year (ended April 20).
Iranian Minister of Roads and Urban Development Rostam Qassemi has travelled to Russia to discuss the enhancement of bilateral relations in the area of transportation.
Iran’s Oil Minister Javad Oji says the country has signed 28 contracts worth one billion euros (1.065 billion dollars) to end flare burning at its industrial plants.
An Iranian official says Tehran and Baku have stressed implementing joint economic projects in the recently liberated areas of the republic of Azerbaijan.
The naval forces of Iran’s Islamic Revolution Guards Corps (IRGC) have seized a foreign-flagged tanker carrying 200,000 liters of smuggled fuel in the Persian Gulf.
Chairman of the Joint Chamber of Commerce of Iran and Turkey has called for a “positive” attitude of the government to trade with neighboring countries, saying this can remove political problems and trade barriers and will help expansion of economic ties.
The value of trade between Iran and China reached $3.85 billion in the first three months of 2022, up by 18 percent compared with the same period last year, new data show.
Iran’s exports to Africa grew by 107% during the last Iranian calendar year which ended on March 20, the director general of the Arab and African Office of Iran's Trade Promotion Organization has said.
The head of Iran’s Trade Promotion Organization has predicted it’s highly likely the Ukraine war will drag on and further sanctions will be slapped on Russia.
