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.
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.
Temperature Rise Cause Saudi Crude Oil Exports to Plummet
After a considerable temperature rise, Saudi Arabia’s crude oil exports have dramatically declined as the country’s power plants must consume higher amounts of crude oil to cope with the increased demand of the hot season.
Iran’s Empty Flights to Fetch Nationals from Turkey
Iran’s Civil Aviation Organization (CAO) has permitted the country’s airlines to dispatch empty flights to Turkey for bringing back Iranian travellers stranded there after an attempted military coup caused turmoil in the neighbouring country, an official announced.
Iran to Launch Tender to Attract $12bn Green Investment
Iran’s Energy Minister Hamid Chitchian revealed the country’s plan to put out a major tender in a bid to draw $12 billion of investment in development of a series of utility-scale renewable-energy projects by year end.
Iran Sees Bulgaria as Gateway to European Union: Larijani
In a meeting in Tehran, Speaker of Iran’s Parliament Ali Larijani and Bulgarian Prime Minister Boyko Borissov explored the avenues for promoting mutual cooperation between Tehran and Sofia.
Iran’s Oil Output at Highest Level in 5 Years
The latest market figures show that Iran’s oil production has already hit the highest level in the past five years – what could mark a major achievement for the country only months after the removal of sanctions in January.
Meeting of Iran’s Central Bank, US Treasury, and Int’l Banks Postponed
A meeting between officials from the Central Bank of Iran (CBI), the US Treasury and international banks in London to discuss banking restrictions on trade with Iran despite a lasting nuclear deal between Tehran and world powers has been delayed, the British government said.
Iran in Talks with Mitsubishi to Buy Passenger Planes
After the nuclear deal between Tehran and world powers and the end of anti-Iran sanctions, Tehran started its talks with giant American and European plane-makers, Boeing and Airbus. However, the US is sabotaging the deals, and Iran seems to be turning to alternative options.
Hard-Working Women in Farms of Northeastern Iran
Northeastern province of Golestan is economically dependent on agriculture, and women play a key role in running the industry though in a traditional way.
Transfer of Technology Knowhow, a Prerequisite to New Contracts: First VP
Iranian Vice-President Eshaq Jahangiri underlined the significance of transfer of technology knowhow in foreign contracts, and described it as a necessity within the frameworks of Resistance Economy.
French Fishery Companies in Iran for Investment: Envoy
France’s Ambassador to Tehran François Sénémaud said 16 companies from his country have come to Iran to consider opportunities for investment in Iranian fishery industry.
Rouhani Thanks Crew Involved in Containing Petrochemical Complex Fire
Iranian President Hassan Rouhani expressed gratitude to the people and organizations involved in containing the fire that broke out at Bou Ali Sina petrochemical refinery complex on Wednesday, July 6.
Iran’s Petchem Complex to Resume Operation Within Weeks: Minister
The Iranian minister of petroleum says the country’s Bu Ali Sina Petrochemical Complex in the southwestern province of Khuzestan, which was hit by a raging fire earlier this week, will resume its operation within the next few weeks.
Firefighters Still Battling Blaze in Petrochemical Complex in Iran’s Mahshahr
Iranian firefighters and helicopters tried on Thursday to extinguish a fire that broke out at Bu Ali Sina petrochemical refinery complex in southwestern port city of Mahshahr a day earlier.
Iran Ranks First in Middle East in Aerospace
Based on a report by Spanish University of Granada scientific ranking site (SCImago), Iran ranks first in aerospace in the Middle East and 11th in the world, an Iranian official noted.
Tehran Stock Exchange joins World Federation of Exchanges
An Iranian official says the Tehran Stock Exchange (TSE) is joining the World Federation of Exchanges (WFE).
Iran’s Cabinet Readying Bill on Big Change in Banking Sector
The Iranian administration has worked out a proposal that, if passed by the Parliament, will usher in a major development in the country’s banking sector, President Hassan Rouhani announced.
Iran, 4th Biggest Oil Supplier to Japan in May
Iran has become the fourth biggest oil supplier to Japan in May by exporting 308,000 barrels of crude oil to the East Asian country in the 30-day period.
Poland Buys 2m Barrels of Iran’s Crude Oil: NIOC Official
Mohsen Qamsari, the director for international affairs of National Iranian Oil Company (NIOC), said the country has sold 2 million barrels of crude to Poland.
Renault to Come to Iran with Five New Models
French Renault automobile manufacturer is to be in Iran's market with five new products, an official at Iran’s Development and Renovation Organization (IDRO) announced.
