Business
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.
President Raisi: Deep bond between Iran, Azerbaijan unbreakable
Iranian President Ebrahim Raisi says the deep historical, cultural and religious relations between Iran and the neighboring Republic of Azerbaijan are unbreakable.
Iran, Azerbaijan inaugurate Qiz Qalasi dam on Aras River
The Qiz Qalasi dam on the Aras River in northwestern Iran, tipped as the most important water project for Iran and the neighboring Republic of Azerbaijan, became operational on Sunday.
Iranian, Azerbaijani presidents to inaugurate dam on Aras River on Sunday
Iran’s President Ebrahim Raisi will jointly inaugurate with his Azerbaijani counterpart Ilham Aliyev a dam on the Aras River on Sunday.
Minister: Iranian knowledge-based companies’ exports surpassed $2.5bn dollars last year
Iran’s minister of finance and economy says the exports by the country’s knowledge-based firms hit the $2.5bn mark last year on the Iranian calendar that ended on March 20, 2024.
India downplays US sanction threat over Iran’s port contract
India’s Foreign Minister S. Jaishankar has downplayed US threat of sanctions after New Delhi signed a landmark contract with Tehran to operate the Chabahar Port in Iran, stressing the project will “benefit the entire region".
Foreign investors win bid to develop seven oil fields in Iran
Iran is pushing its policy to draw foreign investors in the oil sector by putting then on seven oil fields in the south of the country, the head of the National Iranian Oil Company (NIOC) says.
Minister: Iran oil production increased 60 percent
Iran’s Oil Minister Javad Owji said oil production in the country has jumped 60 percent in the past 2 ½ years.
Pakistan says to block any external interference on Iran gas project
Pakistan’s Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar has reiterated that Islamabad will deter external interference when it comes to complying with the terms of a natural gas import contract with Tehran.
1st concrete pouring for Karun nuclear island set for fall: Iran revives dormant power plant
Mohammad Eslami, the head of the Atomic Energy Organization of Iran, announced that the construction of the first nuclear concreting island at the Karun site in southern Iran will commence in the fall.
Iran, China can increase bilateral trade to above $50bn annually
The head of Iran's Chamber of Commerce says the trade volume between Iran and China is currently 30 billion dollars but the two countries have the potential to increase the figure to 50 billion dollars per year.
Reoort: Raisi’s administration sets inflation record
Iran’s Ham-Mihan newspaper says the country has experienced its highest inflation in 80 years during the administration of President Ebrahim Raisi’s tenure.
Former Iranian official detained on corruption charges
The former deputy of the Arvnad Free Zone in southern Iran has been reportedly detained in on corruption charges.
Official: Iran has become regional economic, industrial hub
Iran’s Minister of Industries, Mines and Commerce Abbas Aliabadi says Iran has turned into a regional trade and industrial hub despite the Western sanctions.
President Raisi: Iran cannot be sanctioned
Iranian President Ebrahim Raisi says Western efforts to isolate Iran have failed as the country has resorted to its natural wealth and human resources to make the punitive measures fizzle out.
Tehran, Islamabad open new chapter in relations with $10bn trade exchange deal goal
Iran and Pakistan are set to deepen their strategic ties by setting a 10-billion-dollar objective in their trade exchange and investment, IRNA news agency reported.
Iran oil exports hit 6-year high amid US sanctions: Report
Tehran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost, the Financial Times has reported.
Report: Iran ahead of other OPEC members in terms of rise in crude output in March
The Organization of Petroleum Exporting Countries (OPEC) says Iran took the lead among oil producers in March 2024 when it produced 3 million 188 thousand barrels per day (bpd) of crude, 28,000 bpd more that its output in February.
Official: Afghan authorities bully Iranian truck drivers
The deputy head of Iran’s Association of Truckers Trade Unions says Afghanistan has limited the traffic of the Iranian trucks by bullying and imposing very strict rules for the movement of Iranian trucks in the country.
Pakistan says reserves right to import gas from Iran despite US objections
Pakistan has stressed it is within its rights to import natural gas from Iran despite the US objections to fresh attempts by Islamabad to revive a 2009 gas supply agreement with Tehran.
Iran extends gas export contract with Iraq
Iran has renewed a contract with Iraq to export gas to its western neighbor for five more years.
Holidaymakers flock to cities across Iran during Nowruz
With the advent of the Iranian New Year on Wednesday, holidaymakers across Iran travel to other cities to visit their families and relatives, or find a resort to chillax after a year of hard work, or just zip across the four corners of the country.
Top comdr.: Iran to retaliate in kind if oil tankers stolen
A senior Iranian commander says Iran will retaliate in kind if its petroleum shipments are stolen.
Iran celebrates 73rd anniv. of oil industry nationalization
Iran is commemorating the 73rd anniversary of its historic nationalization of the oil industry, a landmark event that reshaped the nation's trajectory.
Minister: Iran signs oil contract worth $13bn
The Iranian petroleum minister says the country has signed the biggest ever contract in the nation’s oil history worth $13 billion.
Trump reelection not to hinder Iran’s oil sales: Minister
Iranian Oil Minister Javad Owji says that Tehran’s oil exports won’t be hampered if Donald Trump wins the US presidential elections in November. He also added that sanctions and acts of sabotage have failed to stop the country’s progress in the oil sector.
