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.
Infrastructure Completed for Power Export to Azerbaijan
Iranian Energy Minister Hamid Chitchian has announced the completion of an energy infrastructure project that will send Iranian electricity to neighbouring Azerbaijan.
4th International Maritime Industries Expo to Be Hosted by Tehran
The Fourth Iran International Maritime Industries Exhibition (Iran-IMEX 2016) will be held in Tehran from September 24-26, concurrent with World Maritime Day.
Oil Minister: New IPC Contracts Ready This Summer
Iran’s Oil Minister Bijan Namdar Zangeneh said the country’s new oil and investment contracts for international firms, known as Iran Petroleum Contracts (IPCs), will be launched this summer.
Sanctions on Bank Melli in Hong Kong Lifted
Deputy Governor for Currency Affairs at the Bank Melli of Iran (BMI) announced that sanctions on BMI Hong Kong Branch had been lifted since June 24 and the branch will soon resume its activities there.
Flight Delayed over Security Concerns
An Iranian airline delayed a flight from Tehran to Mashhad on Tuesday morning after a suspicious object in the plane raised security concerns.
Government Permits Private Sector to Issue Participation Bonds
President Hassan Rouhani said that issuing participation bonds by large private companies is a realizable goal, and promised to expedite the required arrangements.
140,000 New Jobs in Tourism by March 2018: CHTHO Chief
Iran will create some 140,000 job opportunities in the field of tourism by the end of the next Iranian calendar year (March 2018), the head of the Cultural Heritage, Tourism and Handicraft Organization (CHTHO), Masoud Soltanifar, announced.
Chabahar Port: Indian Firms to Invest $235m
The Managing Director of the Ports and Maritime Organization said that the capacity of Chabahar port will increase from 2 million tons to 8 million tons after an investment of $235m from Indian firms.
Bushehr Power Plant Contracts Upcoming: Rusatom
Rusatom Service, part of Russian state nuclear agency Rosatom, announced that it expects to sign a 4-year contract with Tehran on the construction of two more energy blocks at Iran’s southern Bushehr nuclear power plant by the end of this year.
Iran’s First-Quarter Overseas Trade Increases
Latest figures from Iran's customs office show that foreign trade income stood at over $10,472 billion in the first quarter of the Iranian calendar year (started March 20).
OPEC Secretary-General to Visit Iran in Near Future
Mohammed Barkindo, the new secretary-general of Organization of the Petroleum Exporting Countries (OPEC) will pay an official visit to Tehran to personally appreciate Iran’s support.
Iran Sees Rise in Export of Agricultural Products
Iran’s exports of agricultural products in the first two months of the current Iranian year have grown in term of both value and weight, according to data released by the Agriculture Ministry.
Body eases Iran restrictions, keeps blacklist
The world’s anti-money laundering body has suspended some of its restrictions against Iran, citing the country’s commitment to legitimate business.
Leader Calls for Government’s Serious Action against Payment of Astronomical Salaries
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei referred to the extremely large incomes paid to certain government employees, and described it as an attack on values, which should be seriously pursued by the government.
Iran Khodro, Peugeot-Citroen open joint firm
The largest automaker in the Middle East, Iran Khodro, and its old partner, France's Peugeot-Citroen (PSA), have announced the launch of a joint auto company in the Iranian capital Tehran.
China’s Oil Imports from Iran up 19.5%
Recent official figures show that China’s imports of crude oil from Iran jumped by 19.5 percent in May compared to the same period last year.
Japan’s Ambassador: High-Ranking Trade Missions to Visit Iran
The Japanese ambassador to Iran said that various MoUs between Tehran and Tokyo have been signed, and Japan is getting prepared to dispatch high-ranking business delegations to Iran.
German Official: Iran’s Debt Clearance Opens Path for Future Activity
By paying off the export debt to Germany, Iran will open new paths to renewed trade ties between the two countries, said the German Economy Minister on Monday June 20, Bloomberg reported.
Foreigners Want to Invest in Iran: Rafsanjani
Expediency Council Chairman Ayatollah Akbar Hashemi Rafsanjani underlined the positive effects that the Joint Comprehensive Plan of Action (JCPOA) has had on attracting foreign investment to the country.
Boeing Confirms Sale Agreement with Iran Air
US aviation giant Boeing confirmed on Tuesday June 21 that it has signed a sale agreement with Iranian national carrier Iran Air.
Iran, Kazakhstan to boost railway co-op
Iran and Kazakhstan are to develop their railway cooperation, announced Hossein Ashouri, an Islamic Republic of Iran Railways official.
Iran’s Gas Exports to Turkey Increased by 11%
Iran has exported 1.8bn cubic metres of natural gas to neighbouring Turkey since March 20, up 11% year-on-year, said a National Iranian Gas Company (NIGC) official.
Global Companies Looking to Invest in Iran’s Petchem Projects: PCCI
A senior official with Iran’s Petrochemical Commercial Company International (PCCI) said it has started talks with international enterprises over investments in the country’s petrochemical sector.
Tehran Resumes Oil and Gas Exports to Egypt
Parviz Sahafzadeh, an official with the Iran’s Petrochemical Employers Association, while describing new oil talks with the Egyptians, reported on the resumption of Iran’s liquefied gas exports to the North African country.
Inflation Rate in Iran Down to Less than 10%
Spokesman for the Iranian Administration Mohammad Baqer Nobakht announced on Tuesday, June 21, that the country’s annual inflation rate has fallen below 10% for the first time in several years.
