Business

Iran, Singapore Discuss Removal of Banking Problems

The fourth session of Iran-Singapore political advisory committee was held in Tehran on Tuesday with the two sides agreeing to boost ties, especially in economic spheres.

Iran Stops Export of Free Natural Gas to Turkey

Head of the National Iranian Gas Company (NIGC) says Iran has ended free gas exports to Turkey after clearing its debts to the country.

Iran to Buy Airliners with French, Italian Credit Lines

The Islamic Republic’s national flag carrier Iran Air is to purchase brand-new aircraft with foreign financing.

Number of Flights over Iran’s Sky Tripled: Commander

The number of flights crossing Iran’s sky has increased by three times over the past years thanks to the country’s airspace security, said the Commander of the Iranian Army's Khatam al-Anbia Air Defence Base.

“Iran to Export 3m Barrels of Oil to Russia Monthly”

Iran's oil minister has spoken of the Islamic Republic’s contract with Russia to export 3 million barrels of crude oil to that country.

Iran Opens New Solar Power Plant in Yazd

The first solar power plant in Iran’s Yazd province, jointly financed by Iran and Germany, was officially inaugurated on Saturday, February 3.

Iran’s Former Economy Minister Wins Prestigious Lee Kuan Yew Prize

Iran’s former minister of economy and finance, Ali Tayyeb-Nia, has been awarded the prestigious Lee Kuan Yew Prize, said Singapore’s Ministry of Foreign Affairs in a letter to Iranian embassy in Singapore.

Iran Starts Exporting Caviar to US after 25 Years

An Iranian official says the ban on Iran's caviar exports to the US has been lifted after 25 years, stressing that 10 kilogrammes of farmed caviar has been exported to America last year.

Iran Parliament Passes Rouhani’s Budget Bill after Amendments

Iran’s parliament has passed general outlines of President Hassan Rouhani’s new budget bill after initially rejecting it over concerns that the proposed cuts could hit vulnerable people the hardest.

Iran, China to Boost Trade Ties via Silk Road

Iran and China are making efforts to utilize the potential of the Silk Road to boost their trade cooperation and enhance ties with other countries located on the Road.

Pakistan Not Cooperating with Iran on Pipeline: Minister

Iran’s Minister of Petroleum Bijan Zangeneh says Pakistan is not cooperating on the construction of a much-delayed pipeline to pump natural gas to the country.

Iran to Complain to ICJ over Turkmenistan’s Overpriced Natural Gas Supplies

Tehran is to lodge complaints with the International Court of Justice over the quality and price of Turkmenistan's natural gas supplies to Iran.

Iran Parliament Rejects Framework of Rouhani’s Proposed Budget

The Iranian Parliament on Sunday disapproved the framework of the budget proposed by the Rouhani administration for the upcoming fiscal year (March 2018-19).

Flights at Tehran’s Airports Resume after Heavy Snowfall

The runways of Tehran’s Imam Khomeini International Airport were dug out from under 70 centimeters (more than two feet) of snow, letting flights resume on Sunday morning.

“Iran Signs Over $40bn Worth of MoUs after Nuclear Deal”

Iranian First Vice-President Es’haq Jahangiri says the value of Memoranda of Understanding signed between Tehran and foreign countries after the implementation of the Iran nuclear deal has surpassed $40 billion.

OECD Upgrades Iran’s Risk Rating to 5

The Organisation for Economic Cooperation and Development (OECD) has upgraded Iran’s rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE), moving it up one notch from 6 to 5.

Iran Arrests Suspects behind Volatility of Exchange Market

Police in Tehran have shut down several currency exchange shops and arrested a number of money changers suspected of being behind a recent turmoil in exchange rates.

Iran Leader Allows Gov’t to Withdraw $4 Billion from National Development Fund

Iran’s Leader has allowed the government to withdraw $4 billion from the National Development Fund to address a range of issues including the dust pollution engulfing the country’s southwestern provinces, a lawmaker said.

Unemployment Rate Down, Economic Growth Rate Up in Iran

Mohammad Baqer Nobakht, the spokesman for the Iranian government, says the country's unemployment rate has decreased and economic growth rate has increased during the past Iranian fiscal year.

Iran’s Foreign Exchange, Gold Reserves More than US: CIA

A document released on the website of the US Central Intelligence Agency shows that the Islamic Republic outstrips the United States in terms of reserves of foreign exchange and gold.

Iran’s Forex Revenues Outstrip Expenses: President Rouhani

Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future.

Iran Exporting Saffron to 56 Countries

Official statistics show Iran has exported over 160 tonnes of saffron worth over $219 million to 56 countries during the past nine months.

Iran Calls for Expansion of Business Ties with Belarus

Iran’s Minister of Industry, Mine and Trade Mohammad Shariatmadari says the Islamic Republic’s relations with Belarus is at a good level, but economic ties should be developed alongside political ones.

Iran, Iraqi Kurdistan Call for Closer Trade Ties

Iran’s President Hassan Rouhani and the Iraqi Kurdistan region’s Prime Minister Nechirvan Barzani have urged the private sectors of both sides to take part in mutual development projects.

Mercedes Benz to Produce E-Class Cars in Iran

Mercedes-Benz, a division of Daimler AG, will resume production of cars in Iran from the beginning of the new Persian year in March, ISNA news agency has reported.

Latest news