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.
Yahya Al-e Es'haq, chairman of the Iran-Iraq Joint Chamber of Commerce, has confirmed that the Iraqi government has released all of Tehran’s frozen assets, amounting to $10 billion worth of energy debts.
Iranian President Ebrahim Raisi inaugurates a national project to transfer water from the Nesa Dam’s reservoir to the cities of Bam and Baravat in Kerman Province, southern Iran.
The secretary of Iran's refining industry union says the country’s refineries are producing 110 to 115 million liters of gasoline daily, which has met the local demand so far.
Iranian Offshore Oil Company (IOOC) has announced that Tehran is preparing to hike its production from an oilfield that is shared with Riyadh in the Persian Gulf.
Iran successfully completes the operation to install the heaviest platform of South Pars in place, as the country pushes to operationalize the Phase 11 of the giant Persian Gulf gas field.
Iranian Oil Minister Javad Owji says the administration of President Ebrahim Raisi has succeeded in identifying good markets and capacities for selling crude. Owji noted that when Raisi took office, the oil exports were very low but this administration boosted them.
The Head of Iran’s Civil Aviation Organization, CAO, says Iran and Saudi Arabia are engaged in talks aimed at developing flight network between the two neighbors.
The Iranian foreign minister and the president of the United Arab Emirates have called for a mechanism aimed at improving bilateral ties specially economic and trade relations.
Iranian businesses believe trade with Arab countries of the Persian Gulf could see a jump in the near future amid a political rapprochement between Tehran and Riyadh, an official with Iran's private sector says.
The Food and Agriculture Organization of the United Nations in a report on the situation of Iran’s agricultural productions announced that Iran has became the largest exporter of dairy products in Asia.
Iran's crude exports and oil output in 2023 have hit new highs despite US sanctions, according to consultants, shipping data and a source familiar with the matter, according to a report by Reuters.
Tehran and Havana have signed six major deals to expand economic, political and judicial cooperation between the two countries. The memoranda of understanding (MoUs) were signed on Thursday during Iranian President Ebrahim Raisi’s state visit to Cuba.
Iranian Ambassador to Moscow Kazem Jalali told RT during the St. Petersburg International Economic Forum on Wednesday that countries targeted by Western sanctions should unite to resist monopolar global hegemony.
The governor of the Central Bank of Iran (CBI) says he held a meeting with his Qatari counterpart for talks on financial cooperation between the two neighbors.
Iran’s First Vice President Mohammad Mokhber says the country’s assets frozen by US sanctions have been released in some countries, and that Tehran is making efforts to get access to the rest.
Iranian Oil Minister Javad Owji says Tehran has exported over 2.8 million units of spare parts meant for reviving refineries in Venezuela, as the two states move to bolster trade ties in the face of US sanctions.
An Iranian economist criticizes President Ebrahim Raisi’s handling of the country’s economic issues, claiming that the inflation set a record high in eight decades under his administration.
Berlin has resumed its petroleum imports from Tehran after five years despite a continued regime of US sanctions that bans any trade of energy products with Iran, according to a report.
Chinese ambassador to Iran Chang Hua has said the implementation of a 25-year comprehensive strategic partnership agreement between Beijing and Tehran will improve the livelihood of both nations.
