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.
Iran’s president: BRICS ‘a path to counter U.S. unilateralism’
Iranian President Massoud Pezeshkian has highlighted the importance of the BRICS summit that is underway in the Russian city of Kazan, saying the intergovernmental organization can strengthen ties between member states and beat back U.S. unilateralism.
Iran’s economy minister: Internet filtering has limited, slowed economic activities in cyberspace
Iran’s Minister of Economy says the internet filtering has damaged the country’s economy and urged relevant officials to lift the restrictive measure.
Flights resume at Iranian airports after temporary suspension
The Civil Aviation Organization of Iran has lifted temporary restrictions that had been imposed due to safety concerns, announcing that flights at all airports across the country have returned to normal.
Iran’s First VP in Armenia for economic forum
Iranian First Vice President Mohammad Reza Aref landed in Armenia to attend the third edition of the Eurasian Economic Forum and a meeting of the Eurasian Intergovernmental Council.
Iran, Pakistan agree to settle dispute over gas pipeline project
Tehran and Islamabad made arrangements to remove the obstacles to the implementation of a gas pipeline project between the two countries.
Iran’s non-oil trade with neighbors reaches $32.6 billion in first half of 2024
Mohammad Reza Rezvanifar, the head of Iran's Customs Administration, announced that Iran's non-oil trade with 15 neighboring countries reached 50 million tons, valued at $32.6 billion, during the first half of the current year.
Iran takes bold step to facilitate investment in its power plants
Iranian Energy Minister Abbas Aliabadi held a meeting with the chairman of the National Development Fund of Iran (NDFI) Mehdi Ghazanfari to remove the obstacles in drawing investment in the private sector and expand its power plants.
OPEC data show Iran’s oil production keeps rising despite US sanctions
Tehran continued to raise its oil production in August despite the pervasive pressure of Washington's sanctions that restrict Iran’s ability to sell oil in international markets, according to the latest data by the Organization of the Petroleum Exporting Countries (OPEC).
Iran vice president slammed for saying subsidized gasoline price ‘unreasonable’
Iranian Vice President Mohammadreza Aref has been the subject of criticisms for saying on Sunday that importing gasoline price at high prices and selling it at heavily-subsidized prices is ‘unreasonable.’
Chinese envoy blames Western sanctions for trade hurdles with Iran
China’s Ambassador to Tehran Cong Peiwu says the persisting problems for transactions between the Chinese and Iranian businesspeople are rooted in the Western, and specifically US, sanctions.
Head of Securities and Exchange Organization of Iran steps down amid loan row, red market
The Chairman of the Board of the Securities and Exchange Organization of Iran Majid Eshghi confirmed on Saturday he resigned from the post after a long period that the markets have been in the red, and days into a reported row over low-rate bank loans he received.
Analyst: Reaching agreement with Pakistan over gas pipeline best option
As the ultimatum set by Iran for Pakistan on the implementation of the so-called Peace Pipeline, looms, some experts have called on the new Iranian Administration of President Massoud Pezeshkian to seize the opportunity and revive the long-delayed deal.
Controversy surrounds billion-toman loans to Iran’s stock market board amid public outcry
Iranian media is abuzz with controversy after it was revealed that senior members of the country's Securities and Exchange Organization (SEO) granted themselves loans totaling 10.5 billion tomans.
Unofficial sources say several Iranian banks hit by massive cyberattack
A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced Tehran to agree to a ransom deal of millions of dollars, Politico reported citing people familiar with the case. The Islamic Republic has yet to respond to the claim.
US warns Pakistan of ‘ramifications’ over business agreements with Iran
An American official has stated that Washington would not advise any country, including Pakistan, of “considering business deals” with Iran, warning of “ramifications” such as sanctions.
Iran’s daily gasoline use hits all-time record: Official
Daily gasoline use in Iran reached an all time high of 142 million liters on August 31, an official in the country’s Oil Ministry has announced.
Official: Illegal import of iPhones costs Iran $900mn
Iran’s ban on importing iPhone cellphones has led to a capital flight of 900 million dollars to sneak the phones in high demand into the country through illegal channels and smuggling, the head of the country’s Association of Mobile Phone Importers says.
Poll: 92% of Iranians want high-quality foreign cars, even at cost of binning 3mn jobs at home
Over 92 percent of Iranians prefer lifting a years-old ban on importing foreign cars over keeping the restriction in place in favor employment in the domestic auto-industry sector, a survey has revealed.
Iran’s president terms expansion of intl. interactions as key to resolving economic problems
Iranian President Masoud Pezeshkian has described the expansion of international interactions as a key solution to the country's economic challenges. He also emphasized his administration's endeavours to foster such cooperation and attract foreign investment.
Iran, Turkmenistan ink cooperation deals in various fields
Iran and Turkmenistan have signed a number of cooperation agreements during a visit by the Chairman of the People's Council of Turkmenistan, Gurbanguly Berdimuhamedow to Tehran.
Iran president’s pick for trade ministry says ‘rise in non-oil exports’ on agenda
Iranian President Massoud Pezeshkian’s nominee for the ministry of industry, mine, and trade says developing exports and boosting the country’s trade balance through increasing non-oil exports is a top priority in his program.
Survey shows Iranians upbeat Pezeshkian administration able to tame inflation
A new poll found that a majority of Iranians are upbeat that the new Iranian President Masoud Pezeshkian and his administration can tame high levels of inflation in the country. The swearing-in ceremony for Pezeshkian was held at the Parliament on Tuesday.
IRGC says seized Togo-flagged tanker carrying smuggled fuel
The Islamic Revolution Guards Corps (IRGC) Navy announced that it has confiscated a tanker carrying over 700,000 liters of smuggled oil with the flag of Togo in the Persian Gulf.
Data: Iran’s non-oil exports rise 8.3 percent
Iran’s export of non-oil items has increased by $1.35 billion during the first four months of the current year on the Iranian calendar, staring on March 20, according to official figures.
Russia’s largest bank to participate in major Iranian financial event
The secretary of the policy-making council of the 14th Iranian financial industry event says Russia’s largest bank which holds an asset value of 290 billion dollars, will certainly participate in this year's Stock Exchange, Bank and Insurance Exhibition in the Islamic Republic.
