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.
A report by the Iranian parliament’s center for research show capital inventory will be in the negative zone this Iranian calendar year to March 2022 for the third consecutive year.
The 15th Iran Plast exhibition, the largest specialized expo on polymers in the Middle East, has opened in the Iranian capital Tehran in a ceremony with the presence of Oil Minister Javad Owji.
Iran’s Interior Minister Ahmad Vahidi says necessary capacities exist to strengthen cooperation, especially economic exchanges between Iran and Pakistan.
The Head of Iran Airports and Air Navigation Company says negotiations are underway with China and Russia for the construction of new airports and supply of parts and systems needed in the aviation sector.
An official with Iran's Thermal Power Plant Holding says the Russian government has allocated five billion euros in loans and credit lines for the implementation of a number of joint projects with the Islamic Republic.
An Iranian supertanker carrying about 2 million barrels of condensate began discharging at Venezuelan state-run oil company PDVSA's main oil port, according to a company document and tanker tracking services.
Kremlin spokesman Dmitry Peskov stated that UK's plans to target Russia with sanctions are not legitimate. He noted any such aggression will bring about countermeasures from Moscow.
South Korea and Iran plan to hold working-level consultations next month in Seoul to discuss ways to untangle years-long disputes over Tehran's assets frozen under US sanctions, an informed source says.
Iranian Oil Minister Javad Ouji has said on his Twitter account that Iran and Russia are two key players in the global energy arena and there are many potential areas for cooperation between the two countries.
Turkish President Recep Tayyip Erdogan says he has discussed the recent disruption in supply of Iranian natural gas to his country with his Iranian counterpart Ebrahim Raisi and that the problem will be solved in the near future.
The head of the Islamic Republic of Iran Customs Office (IRICA) says the country’s exports in 10 months have witnessed a 38 percent increase, compared to that of its preceding year.
The Director of the Atomic Energy Organization of Iran says the country will be producing 10,000 MW of nuclear power next year and plans to increase the production to 17,000 MG in 20 years.
Iran’s nuclear chief has called for the development of nuclear power plants for access to clean energy, saying “this is a national strategy and a priority” of Iran.
