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 National Export Day of the solar year 1400 marked a good event for Iran’s technology and innovation ecosystem, and it was the selection of a knowledge-based company as the top exporter of the year.
Iran’s Vice President for Technological and Scientific Affairs Sorena Sattari has said domestic sanctions are a bigger obstacle than foreign bans, adding that each new license is a hurdle to the production, export and development of knowledge-based products.
The presidents of Iran and Turkmenistan have underlined the need to strengthen border cooperation and facilitate exchange of goods. Seyyed Ebrahim Raisi and Gurbanguly Berdimuhamedow also stressed the necessity of increasing trade cooperation in order to boost bilateral relations.
Iran’s government has been warned that the next year’s budget’s almost 73% increase in income from tax and customs duties push the economy to the brink of recession and puts further pressure on the livelihood of people.
Iran’s IRNA News Agency says under the country’s budget bill for the next fiscal year starting March 21, 2022, oil exports will be estimated at 1.2 million barrels per day.
Iranian President Seyyed Ebrahim Rasisi says the next year’s budget will concentrate on promoting production and jobs, calling for a focus on domestic potential.
UK government officials were in Tehran last week discussing legal ways to pay Britain’s historical £400m debt to Iran, the Iranian ambassador to London has said.
Iran’s Deputy Foreign Minister for Economic Diplomacy has said 3.5 billion dollars in frozen Iranian assets was recently unlocked.
Mehdi Safari noted that Iran has held positive talks with countries where Iranian assets are frozen.
A member of the Presiding Board of the Iranian Parliament’s Energy Commission said Iran's oil exports have increased significantly, citing reports from international institutions and oil tanker tracking companies.
A Russian trade official has described the north-south transit corridor, a major portion of which passes through Iran, as of vital significance for Tehran and Moscow.
Iran’s President Ebrahim Raisi has described relations with Venezuela as strategic during a phone conversation with the country’s president Nicolas Maduro.
An Iranian customs spokesman says after the normalization of the situation at the Malik border in Sistan and Baluchestan province, commercial activity has resumed at this crossing between Iran and Afghanistan.
Iran has lost hundreds of millions in annual revenues from exports of hand-woven carpets as a major businessman blame the huge loss on current exchange regulations and US sanctions.
The Iranian negotiating team led by Ali Bagheri Kani is in Vienna where talks are scheduled to be held on November 29, 2021 with the remaining signatories to the 2015 Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).
