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.
Iran has started production from the eighth well in Phase 11 of the South Pars gas field, in the Persian Gulf—the largest gas field in the world. The achievement was made possible through the efforts of Iranian experts
The Deputy Minister of Oil and CEO of the National Iranian Oil Refining and Distribution Company announced that the total daily gasoline production in the country has reached approximately 120 million liters.
Iranian Oil Minister, Mohsen Paknejad, emphasized that the US threats to reduce the country's crude oil exports are nothing more than a pipe dream that will never materialize.
Iranian Oil Minister Mohsen Paknejad, in a phone call on Wednesday with his Iraqi counterpart, Hayan Abdul Ghani, emphasized vigilance against what he called "enemy provocations,” according to Iran's official government news portal.
Iran's Oil Minister Mohsen Paknejad announced plans to showcase new investment opportunities in the oil sector, coinciding with increased crude production of 50,000 barrels per day.
Iran’s Ministry of Petroleum has rejected claims by Iraq’s oil minister regarding the alleged seizure of Iranian oil tankers by the US, calling the reports "unfounded and politically motivated."
A senior official from the Trade Promotion Organization of Iran announced a significant increase in Iran’s exports to the Americas, alongside progress in establishing free trade agreements with Venezuela and other countries.
The spokesperson for Iran’s Expediency Council announced that the decision to review the CFT (Combating the Financing of Terrorism) and Palermo conventions separately from the broader FATF (Financial Action Task Force) framework was made following a directive from the Supreme Leader, based on a request from the Iranian President.
Iran has reported a new record in gasoline consumption as motorists take to the roads at the start of a busy travel season that coincides with the Persian New Year holidays.
As Iran reaches the end of its 20-Year Vision Plan (2005-2025), a critical assessment reveals that many of the ambitious goals set in 2004 remain unfulfilled.
Iran’s judiciary has issued a halt to the prosecution of former governor of the Central Bank of Iran (CBI), Valiollah Seif, and former deputy governor for foreign exchange, Ahmad Araghchi, in a high-profile corruption case involving currency market manipulation.
The head of Iran’s Expediency Council has stated that the council can conditionally approve the Combating the Financing of Terrorism (CFT) and Palermo Conventions. These two sticking points could pave the way for Iran to join the Financial Action Task Force (FATF), an international body focused on combating money laundering.
Iran has taken a significant step toward joining the Financial Action Task Force (FATF), a global watchdog combating money laundering and terrorism financing, hoping to be rid of many restrictions caused by shunning the organization.
The Iranian Ministry of Petroleum announced that the inclusion of Mohsen Paknejad, Iran's Minister of Petroleum, in the latest sanctions list by the US Department of the Treasury is a result of his extensive efforts to maximize Iran's oil sales, adding the US will not succed in hindering Iran's efforts to sell oil.
Flag carrier of the Islamic Republic of Iran, Iran Air, also known as Homa, has succeeded in receiving the EU and the International Civil Aviation Organization (ICAO) approval for fuel management in international flights.
The Central Bank of Iran’s auditor has revealed that petrochemical companies have failed to return 30% of their export revenues this year, up from 12% the previous year.
Iran's first air taxi has taken off from the city of Karaj, near Tehran, marking an important step in developing fast and smart air transportation in the country.
In the face of sanctions and currency transfer restrictions, Iran's non-oil foreign trade volume has reached $117 billion in the past 11 months, marking an 11.2% growth compared to the same period last year.
The Iranian Ministry of Industry, Mine, and Trade announced that, according to customs statistics, Iran's non-oil trade reached over $117 billion in the first eleven months of the current Iranian year (March 20 to February 18), marking the highest level of non-oil exports in the past two years.
34 foreign airlines and 14 domestic airlines currently operate flights in Iran, with no restrictions on international routes, says the CEO of Imam Khomeini International Airport (IKIA).
