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.
A memorandum of understanding has been inked on peaceful nuclear cooperation between Atomic Energy Organization of Iran and Nuclear Research Institute of Czech Republic.
President Hassan Rouhani’s government has placed an order with South Korea to build a number of ships for Iran, but the contract has sparked strong reactions, particularly from the IRGC’s influential construction base, which says Iranian companies are capable enough to build the ships.
Iran says it expects to finalize an aircraft purchase agreement with European aviation giant Airbus within the next two weeks, adding that the first planes could be delivered by March 2017.
In a letter to Iran’s Guardian Council, an Iranian think-tank has warned that Iran’s accession to Paris Agreement will lead to the imposition of new sanctions against the country.
Russia will seek discussions at a planned meeting with OPEC on Saturday about how the group will fully comply with production cuts, following an increase in its November oil output, said a government official.
Iranian President Hassan Rouhani called for continued consultations and closer cooperation among the member states of the Organization of the Petroleum Exporting Countries (OPEC) to stabilise the oil market.
Iran on Wednesday awarded a basic agreement to global energy giant Royal Dutch Shell to study three mega oil and gas projects – an agreement that was hailed in Tehran for not only its technical and economic benefits for Iran but also the political message that it sent to the world and specifically the United States.
Iran’s Foreign Minister Mohammad Javad Zarif provided Japanese business people and merchants with reasons why Iran is a perfectly safe place for investment.
The Iranian cabinet has approved a bill that allows the government to receive loan from Russia for implementation of certain infrastructure and production projects.
Iran says it will soon launch a cooperation scheme with France’s aviation giant Airbus over the production of spare parts for planes – a move that could help the company get a stronger foothold in the Iranian market once a much-awaited agreement to sell planes to the country becomes effective.
Head of Iran’s National Space Center Manouchehr Manteqi said the French plane manufacturer Airbus plans to cooperate with the Islamic Republic in joint projects to produce aircraft parts in the near future.
