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.
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.
Reuters has quoted an unnamed source as saying that the Iranian President Hassan Rouhani and Oil Minister Bijan Namdar Zanganeh met with Iran’s Leader Ayatollah Khamenei to get his approval before the recent historic OPEC agreement.
Iran’s media have hailed what is seen at home as the country’s “victory” in multiple-month negotiations with rivals and allies at the Organization of the Petroleum Exporting Countries (OPEC) over a proposed plan to reduce production and boost the prices.
Iran has voiced optimism that a deal is possible among member states of the Organization of the Petroleum Exporting Countries (OPEC) to freeze production to help stabilize the prices.
