Business
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.
13 Luxury Cars Smuggled into Iran to Be Crushed in Coming Days
An Iranian official announced that 13 luxury cars, which had been illegally smuggled into the country, will be crushed within a few days in an effort to combat smuggling.DF
Boeing Representatives in Tehran: Minister
Boeing representatives are currently in Tehran, discussing the US planemaker’s planned sale of commercial aircraft to Iran, an Iranian minister says.
Iran Expects First Wheat Export in Years
Iran is expecting a surplus of wheat this year, which it plans to release onto the regional markets, the country’s top body in charge...
Iran’s Non-Oil Exports Jump by 21% in 4 Months
Iran’s non-oil exports have witnessed a 21 percent increase during the first four months of the current Iranian year (started on March 20), Head...
Tehran Ready to Work with Baku on E-Commerce and Financial Post Services
Iran’s Minister of Communications Mahmoud Vaezi said the time is ripe for mutual cooperation between the two countries in the fields of e-commerce and financial post services.
Iran Breaks Records by Exporting 7m Barrels of Oil in One Day
An Iranian oil official says the country has broken many records in oil and gas exports after the implementation of nuclear deal between Tehran and world powers, one of which is the export of 7 million barrels of crude oil in just one day.
Iran and South Korea Ink Water Treatment Deal
South Korea is about to help Iran on water supply and management and wastewater treatment under three memorandums of understanding signed in Tehran on Sunday, August 7.
Iran, Russia map out rival to Suez Canal
A major project to foster trade connectivity through a less trodden path straddling a promising market is about to feature prominently in discussions when...
No Hitch to Developing Iran-Pakistan Banking Relations: Zarif
Iranian Foreign Minister Mohammad Javad Zarif says there is no obstacle in the way of the expansion of banking relations between Iran and Pakistan.
Iran to Gain 9% Share of Global Fermentation Industry by 2025
Although there is a long way ahead of the country, Iran should stride forward to increase its share of the world’s fermentation industry by the year 2025, an Iranian official said.
Iran’s Supertanker, Container Ship Collide in Singapore Strait
A large container ship has collided with an Iranian supertanker in the busy Singapore Strait, causing damage to both vessels, but no injuries or oil pollution, the Maritime and Port Authority of Singapore (MPA) says.
Putin Renews Vow to Give Iran $2.5bn of Loans
Russia says it is still committed to a pledge it has already made to grant two loans worth $2.5 billion to Iran.
Iran’s Tourism Income Amounts to $1m an Hour
Within the past four months, Iran’s tourism industry has earned nearly $1m per hour thanks to the massive influx of foreign tourists in the country after the nuclear deal between Tehran and world powers, an official said.
Japan’s Investment in 3 Major Projects in Iran’s Underdeveloped Province
Japan is going to start implementing six major investment projects in Iran, three of which are in the historically-deprived province Sistan and Baluchestan in the country’s southeast, an official announced.
Iran to Build 800 Power Plants: Deputy Minister
An Iranian deputy energy minister said the country plans to develop over 800 power plant projects in the coming years.
US Allows South Korea to Do Iran Trade In Euros: Report
South Korean companies will be able to carry out business with Iran in euros as early as next month, enabling the Asian country to cash in on new opportunities from lifting of sanctions on Tehran.
Blazes in Iran’s Petchem Plants Caused by Lack of Funding for HSE: Zanganeh
Iranian Oil Minister Bijan Namdar Zanganeh said the main reason behind recent blazes at a number of petrochemical complexes in the country is the failure of some private companies to provide funding for Health, Safety and Environment (HSE) parameters.
First Series of Airbus Planes to Be Delivered to Iran by Autumn
Iranian Minister of Roads and Urban Development Abbas Akhondi announced that the first series of Airbus passenger planes will join the country’s civil aviation fleet by the end of Autumn.
Iran Self-Sufficient in Gas Industry: Minister
Minister of Industries, Mines and Trade Mohammad-Reza Nematzadeh said on Monday, August 1, that the Iranian gas industry is now fully indigenous as the majority of its equipment is made inside the country.
CNG Supplies Earmarked for Chabahar Power Plant: NIGC
Managing Director of National Iranian Gas Company Hamid-Reza Araqi said the NIGC will supply Chabahar Power Plant with compressed natural gas (CNG).
240 Foreign Oil Tankers Berth at Iran’s Kharg Island since JCPOA Enforcement: Official
The general manager of Bushehr Province Department of Ports and Maritime Organization said some 240 foreign oil supertankers have so far docked at Iran’s southern Kharg oil terminal since the implementation of a lasting nuclear deal between Tehran and world powers.
China to Invest $3bn in Iran’s Fish Farming
More signs have appeared to show that East Asian countries are interested in Iran’s fish farming business. China has joined South Korea to announce that it is planning to invest $3 billion in Iran’s fisheries.
Farmers Start Harvesting Rice in Northern Iran
Each year in the middle of summer, farmers in Iranian northern province of Gilan start harvesting the golden crops of rice. Here are IRNA’s...
62% Rise in Iran’s Non-Oil Exports
Iran’s exports of non-oil commodities have increased by 62 per cent in the first quarter of the Iranian calendar year (started on March 21).
Iran to Open Commercial Centres in Africa
A senior Iranian trade official announced that Iran plans to open commercial centres in Africa.
