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.
While Iran’s nuclear deal is grabbing the international headlines, oil market experts are mainly concerned with the internal divisions in Iraq, particularly the conflict over the secession of Iraqi Kurdistan as the main element which can influence the global oil prices.
Unlike earlier estimations, Tehran Stock Exchange market has not only remained unaffected by the anti-Iran rhetoric of US President, but also has ridiculed his rhetoric by showing a significant growth in some terms.
Iran has exported 31,000 tonnes of quality durum wheat to Italy for the first time, in another sign that the country’s food security drive is on target.
Iranian experts have managed to eliminate oil pollution from groundwater in Asaluyeh region in southern Iran by using local microbes, an official said.
An Iranian lawmaker says the annulment of the JCPOA will have little bearing on Iran’s economy as the Islamic Republic is shifting away from the greenback and common European currencies.
Over two hundred villages in are generating solar energy to meet their power needs and the number is expected to surpass 300 by the end of this year’s Iranian calendar year (mid-March 2018).
Baghdad’s ban on the arrival and departure of foreign flights at/from Kurdistan airports has reportedly caused a loss of 50 to 60 thousand dollars a day.
The International Monetary Fund has in its latest World Economic Outlook announced that Iran's economic growth rate in 2016 was 12.518% year-on-year and its unemployment rate rose to 12.450%, while the inflation rate fell to 9.03%.
Governor of Central Bank of Iran, Valiollah Seif, is going to travel to the United States in order to attend the International Monetary Fund’s autumn session.
Food and Agriculture Organization of the United Nations known as FAO is going to sign an agreement with the Islamic Republic of Iran to boost agricultural productivity of the country using a satellite imagery tool.
Iran’s Deputy Minister of Roads and Urban Development says South Korea and Germany will provide funds for the development of electric trains in the Islamic Republic.
Iran’s Customs has released figures showing that in the first 5 months of the current Iranian year, about 214 tonnes of women’s socks have been exported from the country worth over $2 million.
The Algeria-based Renault Algérie, a subsidiary of the French giant auto manufacturer, has purchased 50,000 tyres from an Iranian tyre corporation with the approval of Renault HQ in France.
During the Armenian prime minister’s visit to Tehran, the two countries’ ministers signed several Memorandums of Understanding in separate meetings, calling for further expansion of bilateral ties between Iran and Armenia in various fields.
Iran and Turkey have signed a draft agreement to carry out trade activities based on their own local currencies instead of traditional foreign currencies such as the euro and the dollar.
A Memorandum of Understanding (MoU) was inked between Iran Malaysia Women Business Forum (IMWBF) and Women Entrepreneur Network of Malaysia (WENA) to elevate bilateral trade ties and boost investment opportunities.
Hir, a village located in the most remote parts of Alamut in Qazvin province, north-western Iran, is described as the country’s capital of cornelian cherry.
A member Franco-Iranian Chamber of Commerce says Tehran and Paris have promoted their bilateral economic ties following the implementation of the Joint Comprehensive Plan of Action in 2016.
In a ceremony attended by Armenian Prime Minister Karen Karapetyan and Iranian First Vice-President Es’haq Jahangiri in Tehran, the two countries inked a number of agreements on various fields.
Iranian-made honey has ranked third, for the first time in 90 years, in the 45th edition of APIMONDIA, the International Apiculture Congress, held in Turkey.
