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 spokesman for Iran’s Customs Organization says in the first 11 months of this Persian year, the country and the Shanghai Cooperation Organization traded over 48.9 million tons of goods worth more than 32.7 billion dollars.
The amount of commodities exported by rail to Turkmenistan via the border in the northeastern Iranian province of Khorasan Razavi has crossed 1.7 million tonnes since March, 2021.
The president of the Republic of Azerbaijan says the memorandum of understanding to build a road linking the Nakhjavan region to the western parts of Azerbaijan through Iranian soil is a manifestation of friendly ties.
The National Iranian Oil Company (NIOC) voices the country’s readiness to supply oil to the global market “at a maximum level,” saying Iran’s potential return to the market could effectively help stabilize soaring crude prices.
Iran’s oil minister has said in the current Persian year, the collection of revenues from selling oil and condensate, petroleum products, petrochemical products and net exported gas increased 2.5 times while as for gas, this figure has reached 3.5 to 4 times.
Iran’s Keyhan newspaper has published an opinion piece arguing that the removal of U.S. sanctions against Iran’s oil sector must no longer be regarded as a concession to Iran because this is what America needs right now given soaring energy prices amid the Ukraine crisis.
The Public Relations Office of the Islamic Republic of Iran Airlines "Homa" has announced the resumption of its international flights to Baku from March 7 (Monday).
The chairman of the Iran-Iraq Joint Chamber of Commerce says in the first 11 months of this Persian year, the value of Iran's exports to Iraq reached $8.2 billion, and exports to the country are expected to exceed $9 billion by the end of the year.
An Iranian economic analyst says western governments cannot maintain their sanctions against Russia as Europe is the destination for 55 percent of Russian exports and keeping the bans in place will lead to a surge in inflation and recession and ultimately social discontent in the continent.
Iranian Minister of Industry, Mines and Trade Seyyed Reza Fatemi Amin says Iran has exported 80 billion dollars of non-oil goods during the last eleven months.
Iran has sent a second emergency flight to Romania to bring home the Iranian students and other citizens who have arrived from Ukraine, which has been the scene of a full-blown Russian military operation for over a week.
Iran is participating in International Exhibition of Security, Defense and War Industries in Baghdad along with 13 other countries and more than 60 companies.
The deputy chairman of the Non-Oil Export Commission of the Iranian Chamber of Commerce says Russia will facilitate exports from Iran due to the war in Ukraine and Western sanctions.
The Persian Gulf Bidboland storage facility and wharf has been launched in the presence of Iran’s oil minister in the port city of Mahshahr in southern Iran.
The Iranian minister of industry, mines and trade has said Iran and Armenia have cooperated a lot politically and culturally, but unfortunately their economic relations are far behind political and cultural ties between the two countries.
Kazem Jalali, Iran’s Ambassador to Russia, says following efforts by Iranian officials the follow-up, the exports of Iranian pepper to Russia, which had been banned for some time due to some technical problems, will resume next Saturday.
Iranian Oil Minister Javad Owji says the Islamic Republic is ready to quickly increase its supply of crude to international markets, stressing that it is the consumer countries that should take the necessary steps to facilitate restoration of stability to global markets.
