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.
Iraq’s Prime Minister Mustafa al-Kadhimi has assigned a working group to make necessary coordination to resolve technical problems of Iraqi power plants that work with Iranian gas.
The vice-president of the Iranian Football Federation has been reportedly arrested by Iranian Intelligence Ministry agents in connection with a cryptocurrency scam.
Iran’s minister of economy has cancelled his visit to the US due to a delay on the part of American officials to issue visa for Seyyed Ehsan Khandouzi and his entourage.
A commercial aircraft carrying 161 passengers from the Turkish city of Istanbul to Iran’s northwestern Tabriz City had to reroute to another destination due to strong winds in the Iranian city.
Iran’s Foreign Minister Hossein Amir Abdollahian says a primary agreement has been reached to release Iran’s assets that have been frozen in a foreign bank due to the US sanctions.
A major car tire production factory on a suburb of the Iranian capital Tehran has gone bankrupt. Kian Tire which is in Chahar Dangeh town near Tehran was launched before the Islamic Revolution of 1979.
An Iranian passenger plane en route from the Persian Gulf Island of Kish to the capital, Tehran, made an emergency landing halfway due to a technical fault in the aircraft’s fuel delivery system.
The value of Iran’s trade with neighboring countries grew 43% percent last Iranian calendar year, compared to the previous one, which ended on March 20.
Iranian Foreign Ministry Spokesman Saeed Khatibzadeh has confirmed reports that $7 billion in Iranian assets, frozen in foreign banks due to the US sanctions, are going to be released.
A regional official, identified in a Tasnim News Agency report as “possibly Oman’s foreign minister”, will travel to Tehran on Tuesday to finalize the mechanism for the release of seven billion dollars in frozen Iranian assets.
The head of Iran’s Qeshm Free zone has announced the loading of the first shipment of products from Behin Palayesh Qeshm Ultra-heavy Refinery this year amid US sanctions.
Iran and Russia have signed an agreement to expand bilateral cooperation in the exhibition industry, as the two countries work to promote commercial ties and investments.
Reports say seven billion dollars of Iran's money, frozen due to the US sanctions, will be transferred to the country’s accounts under a new agreement.
A member of the Iranian Parliament’s National Security Commission says consultations were held with several countries, where Iranian assets were frozen due to US sanctions, however, this had no result.
Iraq’s electricity minister says the country has not reached an agreement with Arab countries of the Persian Gulf region and will need to import natural gas from Iran for the coming years.
Iran’s Minister of Energy Ali Akbar Mehrabian says the ministry has increased 1,000 megawatts of electricity to the capacity of the country’s power plants through using knowledge-based techniques and without consuming additional fuel and allocating an extra budget for this purpose.
