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.
A senior Iranian lawmaker says the West’s refusal to remove Iran from the FATF’s blacklist is a breach of their commitments and a move to extract more concessions from the Islamic Republic.
The world’s anti-money laundering body, known as FATF, has extended the suspension of its restrictions on Iran, lauding the Islamic Republic’s commitment to implement measures to address shortcomings in its anti-money laundering policies.
Iran has exported nearly 4,140 tonnes of ice-cream during the first month of the current fiscal year (March 21-April 20), according to data released by the Islamic Republic of Iran Customs Administration.
Amid a recent row between Qatar and Saudi Arabia, Qatari citizens risk a serious food shortage while Iran continues to send more food to the blockaded nation.
Despite efforts by Iran’s Department of Environment (DoE) and anti-air pollution campaigns, the use of bicycles has failed to gain widespread popularity across the country. However, the public’s positive reaction to a recently launched challenge has raised hopes to this end.
Iranian foreign minister says the Islamic Republic’s export of food items to Qatar is part of normal trade relations between the two neighbouring countries amid the ongoing blockade imposed by Saudi Arabia and its allies on Qatar.
Qatar’s request to divert flights to Iran after the Arab rift has caused a significant rise in passenger planes using Iranian airspace, the CEO of Iran’s Civil Aviation Organization said.
Iran has dispatched several planes of food products to Qatar, which is short of food following a blockade imposed by Saudi Arabia and its Persian Gulf allies.
An official at the Iranian Ministry of Industry, Mine and Trade says an ultimatum has been given to the foreign clothing brands operating in Iran to increase their production in the country and boost exports of their products from the Islamic Republic.
While Saudi Arabia, the UAE, and Bahrain have closed their borders and airspace to Qatari airlines, Iran would be the best alternative route for the country’s fights to Europe and Africa.
An Iranian official says the Islamic Republic is prepared to increase its food exports to Qatar after the recent rift between Doha and a number of Arab countries, which may influence Qatar’s food market.
Iran’s free gas export to Turkey has given rise to a considerable controversy in the country with some calling it a great loss inflicted on the national treasury for which the incumbent government is to blame, and some saying that Ankara has already paid for the gas it is receiving from Tehran for free.
Iran says recent the remarks by a former American official about sanctions on Tehran have worried the giant plane manufacturers Airbus and Boeing, which have made big plane sale deals with the Islamic Republic.
Signs are emerging that show the Eurasian Economic Union (EEU) – the Russia-led single market – is seeking deeper links with Iran after the re-election of President Hassan Rouhani.
Iran’s Oil Minister Bijan Namdar Zanganeh said the country is currently not receiving any money from Turkey for the export of gas, because Tehran has to clear its debts under an International Court of Arbitration ruling on a dispute over gas pricing.
With the world having learnt who will steer Iran’s government in the next four years, a large number of foreign firms have once again lined up to enter the county’s 80-million-strong market, with the French car producer Peugeot and oil giant Total standing at the forefront of the queue as usual.
An Iranian MP has praised a 25-percent decrease in imports of pharmaceuticals to Iran, saying the country should focus on expanding the export of its homegrown medicine by using the expertise of its elites.
Assessments and reports by international organizations indicate an improvement in Iran’s performance and ranking in most of the international economic indices during 2013-16, the period of time when President Hassan Rouhani was in office.
