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’s Oil Minister Mohsen Paknejad says daily gas production from the Asalouyeh gas field, in the Persian Gulf, has reached a record of 725 million cubic meters.
Iranian President Massoud Pezeshkian acknowledged public dissatisfaction and said the government bears responsibility for current challenges, urging officials not to blame external actors such as the US.
Abdolnaser Hemmati has been officially appointed as the new Governor of the Central Bank of Iran following a vote by members of the cabinet during the government’s meeting on Wednesday.
Rescue authorities in Iran have announced the successful conclusion of operations following a collapse of an iron ore mine in central Iranian Yazd Province, confirming that the incident resulted in no fatalities.
Iranian President, Massoud Pezeshkian, met with representatives of trade unions, guilds, chambers of commerce, and market trustees to review the concerns and demands of market activists.
Iranian President Massoud Pezeshkian has formally informed parliament of the government’s readiness to introduce key revisions to the draft budget for the Iranian year 1405 (March 2025-March 2026), following the rejection of its general outline by the parliament’s Joint Committee.
Reports from central Tehran indicate that protests triggered by a sharp rise in foreign exchange rates have fizzled out, with normal conditions returning to key commercial districts following changes in the country’s economic leadership.
On Monday some businessmen in Tehran’s Bazaar closed or partially closed their shops in protest at what they see as the dire economic conditions in Iran and the soaring currency rates.
Iranian President Massoud Pezeshkian emphasized the exceptional challenges faced by the country during this year’s budget planning in a parliamentary address.
Iran’s oil minister said the country continues to sell a strong volume of crude oil, with sales levels remaining stable despite a decline in international oil prices and US-led Western sanctions.
Iran has resumed commercial flights to Sharjah, the UAE, for the first time since the recent 12-day conflict in June, with the inaugural service operated by an Iranian airline departing Tehran on Monday.
The Iranian foreign minister emphasized that the Islamic Republic is one of the most reliable energy suppliers for Turkey and expressed Iran’s readiness to extend the gas contract and expand cooperation in the electricity sector.
Iran’s foreign trade reached $76.54 billion in the first eight months of the current Iranian year, according to new data released by the Islamic Republic of Iran Customs Administration (IRICA). Total trade volume during the period amounted to 131.05 million tons of goods.
The Saint Mary Metro Station was inaugurated on Saturday, in the Karim Khan district of Tehran, with the presence of city officials, and its doors were opened to the public.
Seven international flights en route to Dubai from Russia and the Czech Republic made emergency landings at Bandar Abbas International Airport on Thursday after severe low visibility forced the temporary closure of Dubai International Airport, a major regional aviation hub.
With the arrival of autumn, farmers in Iran's North Khorasan Province have begun harvesting saffron from their fields. North Khorasan ranks as the third-largest saffron producer in the country.
An informed source in London has told Iran's IRNA New Agency that the UK Court of Appeal has agreed to refer the Crescent case to the country's Supreme Court, effectively delaying the confiscation of a historic building owned by Iran’s Oil Industry Pension Fund.
The ancient Zahhak Castle in Hashtrood, East Azarbaijan Province, has been illuminated for the first time using solar power, marking a step toward eco-friendly heritage preservation in Iran.
The Central Bank of Iran (CBI) announced that all deposits and customers of Ayandeh Bank will be transferred to Bank Melli Iran starting Saturday, marking the end of Ayandeh Bank’s operations after years of financial imbalance and regulatory noncompliance.
Iranian President Masoud Pezeshkian has officially communicated a law on Tehran’s accession to the International Convention for the Suppression of the Financing of Terrorism (CFT).
