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.
Head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es’haq announced on Saturday that Baghdad has released $2.7 billion worth of Iranian funds in gas export money frozen due to the US sanctions.
Figures released by the World Bank show that Iran's economy grew by 4.7 percent in the fourth quarter of 2022, standing at 15th place in the globe in terms of economic growth.
An economic activist warns that the challenges facing Iran’s pistachio production could lead to make the country lose its position on the global market to the United States and other rivals.
Saudi Arabia announced the decision to expand voluntary cuts to its crude oil output from July in a bid to help efforts to reinforce global oil prices. The rest of the OPEC+ oil producers have already agreed to extend earlier cuts in supply through the end of 2024.
The governor of the Central Bank of Iran (CBI) holds a meeting with the managing-director of the International Monetary Fund (IMF), Kristalina Georgieva, in Washington for talks on ways to expand bilateral interactions and cooperation.
The International Energy Agency (IEA) announced in its latest report that Iran’s crude production volume reached 2.75 million barrels per day (bpd) in April.
Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin says the country will soon acquire quick access to $6.7 billion of its financial resources at the International Monetary Fund (IMF).
Iran closes the Milak border crossing with Afghanistan, a major trade route, “until further notice,” following an exchange of heavy gunfire between Iranian border guards and Taliban forces.
Iranian President Ebrahim Raisi said that several Western governments are seeking to sow discord between OPEC member states, calling on the organization's members to preserve cohesion and unity in order to foil the divisive schemes.
Iranian President Ebrahim Raisi calls for efforts to realize the goals set by Tehran and the Indonesia-based Association of Southeast Asian Nations (ASEAN) for the promotion of bilateral cooperation.
Iran and Indonesia sign several agreements for cooperation in various sectors, stressing their determination to boost the value of annual bilateral trade to $20 billion in the future.
Iranian President Ebrahim Raisi and Pakistani Prime Minister Shehbaz Sharif have inaugurated an electricity transmission line at the joint border between the two countries in Iran’s southeastern province of Sistans-and-Baluchestan.
Iranian President Ebrahim Raisi and Pakistani Prime Minister Shehbaz Sherif inaugurate a joint border market at a border crossing linking the Iranian city of Pishin to the Pakistani city of Mand.
US State Department deputy spokesperson Vedant Patel voiced Washington's concern over cooperation between Tehran and Moscow in a major railroad project, known as the Rasht-Astara railway.
A recent trip by Iranian Economy Minister Ehsan Khandouzi to Saudi Arabia was a sign that Tehran and Riyadh are serious in their pursuit of rapprochement, a report says.
Iranian President Ebrahim Raisi and Russian President Vladimir Putin have signed an agreement on the construction of a 1.6-billion-dollar railway that would connect the railways of Iran, Russia, and Azerbaijan, known as the Rasht-Astara railway.
Russia’s VTB Bank, the country’s second largest, opens a branch in Iran, as the two countries step up their financial cooperation in the face of Western sanctions.
Iranian Minister of Economy Ehsan Khandouzi says that during a recent meeting with Saudi officials, they demanded that the resumption of economic ties between Saudi Arabia and Iran also be facilitated promptly.
A local official with the water department in Iran’s Gilan Province says the water level in Sefidrood Dam has lessened by 21 percent compared to last year and by 50 percent compared to normal times.
Iran has topped world’s leading countries in construction of oil transmission pipelines despite US-led sanctions targeting the country’s energy sector, according to a report.
Iranian Minister of Economy and Financial Affairs Seyyed Ehsan Khandouzi, at the head of an economic delegation, has arrived at the Jeddah airport in Saudi Arabia, and was welcomed by the kingdom’s officials, directors of the Saudi-based Islamic Development Bank, and staff members of the Iranian Consulate in the Saudi city.
Official figures show the volume of Iran’s foreign trade witnessed a 17-percent hike in the first month of the current Persian calendar year, with China and the United Arab Emirates (UAE) topping the list of the country’s trade partners.
