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.
The Managing Director of Iran Air Farhad Parvaresh said the carrier’s newly purchased Airbus A321 will be used on international routes within two months.
Iran says it is ready to proceed with a much-awaited project to export natural gas to Iraq as soon as Baghdad takes measures to make the related payments.
Iran Air has reportedly received the first Airbus A321 passenger plane it had purchased from the giant airplane manufacturer Airbus in a deal that ended decades of sanctions against Iran’s aviation industry.
An Iranian official says besides international conferences, Iran’s mining sector needs to work on its imperfect infrastructure and data systems to attract international investors.
The row between Iran and Turkmenistan over outstanding debts for previous natural gas sales is taking to new highs with Tehran saying it plans to sue Ashgabat for turning off the taps.
Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts, a report said.
Iran has reportedly cut electricity exports to Iraq due to the country's accumulated debt of nearly $1 billion to Iraq, Iranian and Iraqi officials noted.
An Iranian energy official denounced Turkmenistan for going back on its word and cutting off gas supplies to Iran abruptly, saying, however, that Iran’s ability to feed the countrywide gas grid remains unaffected by such “immoral” measure by the Ashgabat government.
South Korea’s Daewoo Shipbuilding and Marine Engineering Company (DSME) – the world’s second biggest shipbuilding companies – has announced a major deal to develop a construction yard in Iran.
Prime Minister of Sweden Stefan Löfven is scheduled to visit Tehran in February 2017 heading a high-ranking economic delegation, the country’s envoy to Iran announced.
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states.
An Iranian analyst has explained why Iran’s economy found its way to growth during the past years while the Venezuelan economy ended in meltdown in spite of having better economic conditions.
The runaway dollar has sparked serious concerns in Iran over what many believe could eventually prove costly for a country which has been planning for months to reap the benefits of the removal of the sanctions.
The Central Bank of Iran (CBI) says it has authorized banks to deal in foreign exchange trading at a free-market rate – a move which is expected to help control the rising rates of the dollar.
A former commander of the Islamic Revolution Guards Corps (IRGC) says the nuclear deal between Tehran and world powers is like a snowball that is gradually melting.
