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.
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.
Kharg Terminal Steps up Loading Capacity
The managing director of the Iranian Oil Terminals Company (IOTC) says Kharg Oil Terminal has increased its export capacity and can now load 8 oil tankers at the same time.
Lending Rate Cuts Imminent
Banks will lower lending rates in the coming days, said Central Bank of Iran governor, Valiollah Seif on Sunday June 19. The announcement comes after private lenders’ recent move to voluntarily lower their one-year deposit rates from 18% to 15%.
Mahan Air’s First Flight to Paris
After the implementation of the JCPOA, European airports have one again granted access to EU airspace for Iranian airplanes.
Tehran and Kiev Want Closer Trade Links
Deputy Industry Minister, at a meeting with Ukraine’s ambassador to Iran, called for an expansion of trade exchange between Tehran and Kiev.
Iran’s LPG Exports Soar
An official has announced that exports volume of Iranian Liquefied Petroleum Gas (LPG) hit 80,000 tons in the first two months of the current Iranian year (began March 20).
Iran Settles €500m Debt to Germany’s Hermes Firm: Envoy
Iranian Ambassador to Berlin Ali Majedi said the Islamic Republic has cleared its debt to Germany’s Hermes insurance company.
Iran Registers Original Pomegranates, Dates, and Carpets at WIPO
Iran has registered a number of its strategic domestic products at the World Intellectual Property Organization (WIPO).
Iran-EU Banking Issues Resolved in Mining Sector
The Deputy Industry Minister announced that Iran’s banking issues with European countries have been fully resolved in terms of financing Iranian mining projects.
Iranian Firm Building First Catamaran Passenger Ship
An Iranian company has begun to manufacture the country’s first catamaran passenger ferry with a capacity to carry scores of people.
Iran Refinery Output at 1.83mbd
Iranian refiners produced 1.83 million barrels per day of refinery items in the current Iranian calendar year which began on March 20, a senior refinery official said.
Petroleum Minister: Iran to Increase Oil Supply Despite Low Prices
Iran’s Petroleum Minister Bijan Namdar Zangeneh has reiterated Tehran’s determination to increase oil production even in the face of a downward spiral of global crude prices.
Direct Flights Launched between Tehran and Astrakhan
Direct flights between the Iranian capital of Tehran and the Russian port city of Astrakhan have recently been inaugurated, Head of the Trade Promotion Organization of Iran (TPO) Valiollah Afkhami Rad said.
Iran and Boeing Seal Deal for 100 Planes
Iran’s aviation authority has announced the conclusion of an agreement with the US aerospace giant Boeing, for the purchase of 100 passenger planes to renew the country’s ageing fleet.
New Iranian Oil Export Hub Comes Onstream
Farasakou Port, a new hub for exporting Iranian oil products, was put into operation as part of the Pars Special Economic Energy Zone (PSEEZ) on June 18.
Resistance Economy Uplifts National Dignity: Ayatollah Khamenei
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the proper implementation of resistance economy can provide for the needs of Iran as well as promote its dignity.
$2.5bn Foreign Direct Investment in Iran in Last Month
An official said foreigners have made $2.5 billion of Foreign Direct Investment (FDI) in Iran in the current Iranian month (started May 21).
EU Removes Iran Air from Safety Blacklist
The European Commission announced on Thursday that the Iranian flag carrier Iran Air has been taken off a safety blacklist and has thus been cleared to fly in the European Union.
Tehran and Moscow to Commence Major Energy Projects: Russian Minister
Russian Energy Minister Alexander Novak said Tehran and Moscow will soon implement a series of major economic and energy projects worth $40 billion.
2 US Congressmen Oppose Boeing Iran Sale
Two senior Republican House of Representatives lawmakers expressed concerns over Boeing’s reported plans to sell aircraft and associated parts to Iran following a lasting nuclear deal between Tehran and world powers.
