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 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).
According to the Legal Affairs Department of the Iranian President’s Office, the tribunal in the Crescent arbitration case has dismissed the UEA-based company’s claim that the National Iranian Oil Company (NIOC) is liable for damages incurred by third parties (companies contracted by Crescent).
Iran’s economy minister and his Saudi counterpart have discussed economic relations between Tehran and Riyadh on the sidelines of a high-level annual conference on emerging markets.
