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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.

US Sanctions Failed to Disrupt Iranian Economy: Rouhani

Iranian President Hassan Rouhani says the US has failed to negatively impact the Iranian economy by re-imposing its sanctions in November, as life has been made much easier for people since then.

Iran VP in South Africa to Boost Scientific Cooperation

A group of Iranian knowledge-based companies headed by the country’s Vice-President for Science and Technology Sorena Sattari have headed to South Africa to develop their ties with their African counterparts.

Iran to Miss Opportunities If It Fails to Adopt FATF: Rouhani

Iranian president says without adoption of the standards set by the Financial Action Task Force (FATF) and cooperation with foreign banks, chances will be lost and it will be 20% more costly to resolve the country’s economic problems.

Iran Says OPEC Agreement Deals Further Blow to US

Iranian President Hassan Rouhani says the US sustained another defeat after the member states of the Organization of the Petroleum Exporting Countries (OPEC) reached consensus on new cuts.

Rouhani’s Gov’t Unveils Next Fiscal Year’s Budget Bill

Mohammad Baqer Nobakht, head of Iran’s Budget and Planning Organization, says the budget bill for the next Iranian calendar year that begins on 21 March 2019 has been submitted to the Parliament.

India to Remain in Chabahar despite Suicide Attack: Iran

An Iranian official has rejected the unfounded claims that Indians have left the southeastern port city of Chabahar following the recent terrorist attack there, saying the investment projects are progressing as fast as possible.

Rare Ornamental Fish Bred in Iran’s Shiraz

A young man in southern Iran is commercially breeding Discus, a special and magnificent aquarium fish indigenous to the Amazon River.
opec

OPEC Agrees on Output Cut, Exempts Iran

Members of the Organization of the Petroleum Exporting Countries (OPEC) on Friday agreed on a cut in their oil production level but exempted Iran from the reduction.

Iran Slams US Envoy’s ‘Meddlesome’ Meetings with OPEC Members

The Iranian oil minister has lashed out at US special representative for Iran Brian Hook over his “meddlesome” meetings with members of the Organization of the Petroleum Exporting Countries in Vienna, asserting that OPEC is an independent body that does not take orders from the US.

‘Europeans to Launch Iran Payment Channel by Year-End’

Head of the Atomic Energy Organization of Iran says Tehran hopes the Europeans would establish the Special Purpose Vehicle (SPV), the mechanism aimed at bypassing the US bans on Iran, by the end of December.

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