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.
Iranian presidential candidate Mohammad Baqer Qalibaf says, if elected, he will turn the foreign ministry into the “Ministry of Foreign Affairs and International Trade” so that the foreign policy apparatus can help improve Iran’s domestic economy.
An Iranian lawmaker said the real oil price is more than $70 per barrel, and urged the OPEC’s member states to agree on adopting an effective strategy in their upcoming meeting in Vienna to raise the crude value by preserving the balance in oil production.
International and domestic private companies in the renewable energy industry will be eligible for tax holidays for 5-13 years as part of incentives to prop up investment in the nascent renewable sector, a deputy economy minister said on Sunday.
Iranian Foreign Minister Mohammad Javad Zarif denounced the US government’s moves to seize or put freezes on Iran’s assets abroad as a plain case of international banditry.
Commander of the Islamic Revolution Guards Corps (IRGC) declared that Iran will celebrate its self-sufficiency in the production of petroleum after the inauguration of the world’s largest gas condensate refinery in coming days.
Iranian President Hassan Rouhani says the Islamic Republic can facilitate the access of Georgia and other regional countries to the Persian Gulf, the Sea of Oman and the Indian Ocean while Georgia can connect Iran to the Black Sea.
A number of Iranian nationals living in Britain have rejected the reports about the closure of their accounts in UK banks, expressing concern over the spread of such rumours which can tarnish their reputation and lead to the creation of growing distrust towards them.
The phases 17, 18, 19, 20, and 21 of the supergiant South Pars Gas Field in southern Iran were officially inaugurated by Iranian president on Sunday, increasing the country’s output from the joint gas field to Qatar’s level.
Iranian Minister of Petroleum Bijan Zangeneh says he believes most members of the Organization of the Petroleum Exporting Countries (OPEC) would endorse extension of the organization's output cut initiative in the upcoming OPEC meeting, adding Iran would also support the cut extension if other members unanimously back it.
The Islamic Republic of Iran has turned to the second oil supplier of South Korea, which has imported 2.26 million tonnes of Iranian crude, or 534,368 barrels per day (bpd), up 118.8 percent from 1.03 million tonnes a year ago, reaching a record
Iran Aseman Airlines has signed a Minute of Agreement (MOA) with the American plane giant Boeing to purchase 60 B737-Max passenger jets worth more than $5 billion based on catalogue prices.
Trade transactions between Iran and the European Union (EU) reached €13.744 billion in 2016, showing a 78-percent growth compared to the figure for 2015.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the issue of economy is a priority for Iran, adding that the enemies seek to undermine the trust of the Iranian nation in the Islamic establishment through mounting economic pressure.
Iran’s parliament speaker says the signature of a nuclear agreement between Tehran and the P5+1 group has led to a relative rise in foreign investment in the country.
Under a campaign titled ‘No to Road Accidents’, Iranian people are coming together to reduce the high number of road accidents ahead of Nowruz holidays.
The governor of the Central Bank of Iran believes that the country will be able to meet the conditions needed to become a full-time member of the Financial Action Task Force when the organization takes up Iran's case in May.
