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.
Banks Ordered to Allocate 10% of Loans to SMEs
The Central Bank of Iran has ordered banks and credit institutions to allocate a minimum of 10% of their loans to small and medium-sized businesses in a move to help create jobs and boost the beleaguered production sector.
Economic Situation Improving, Araqchi Says
Deputy Foreign Minister Abbas Araqchi said on Thursday June 9 that the economic situation in Iran has been improving since the nuclear deal – officially called the Joint Comprehensive Plan of Action (JCPOA) – went into force.
Iran Bank Joins Euro Payment System
Iran says one of its London-based banks has joined the euro payment system, in what could be another breakthrough for the country to remove technical hurdles created as a result of multiple years of sanctions.
Shell starts to buy Iran’s oil
Traders say Royal Dutch Shell has resumed purchases of Iranian crude. The company has now become the second major oil firm after Total to restart trade with Tehran after the lifting of sanctions against the country in January.
South Pars Phases 17 & 18 Online by Winter
Plans are under way to launch phases 17 and 18 of the supergiant South Pars gas field during the second half of the current calendar year, which began on March 20, a senior energy official said.
Handicraft Expo Breaks Record
The sales of items crafted by Iranian artisans in the 26th Iran Handicrafts Exhibition broke the record set last year.
“Iran, Post-Sanctions” Seminar to Be Held in St. Petersburg
A ranking Iranian economic delegation is to attend a seminar in St. Petersburg, Russia, which will explore Iran’s special programs for the post-sanctions period.
Iran Exports More Than 25% of Its Cement
A new report says that Iran exported more than 15m tons of locally produced cement over the last Persian calendar year (ended March 19).
Iran and Indonesia to Cooperate on Village-Scale Energy Projects
Iranian and Indonesian officials in a meeting on Tuesday June 7 reviewed ways to develop cooperation in the field of village-level energy.
Iran to Produce Customized Oil in Two Years: Official
Managing Director of the Iran Oil Terminals Company (IOTCO) Pirouz Mousavi said Iran is going to start producing customized oil in two years.
Petchem Export Integration Is Top NPC Priority
Marziyeh Shahdaei, Deputy Petroleum Minister in petrochemical affairs, says talks are under way with leaders of Iran's petrochemical holdings in a push to bring their exports together.
FM Spokesman: Iran Pursuing Airbus Planes Delivery
Iran is pursuing the delivery of the civil aircraft it purchased from France’s Airbus through diplomatic channels, the Foreign Ministry spokesman said on Monday May 6.
Iran and Peugeot Launch New Talks
The Deputy Industry Minister described the details of Iran’s new negotiations with France’s Peugeot over automobile parts manufacturing.
Economy Minister Predicts 5% Economic Growth
Economy Minister Ali Tayyebnia said on Monday May 6 that Iran’s economy will grow by 5% in 2016-2017.
Oil Accord Sealed with S. Korea’s SK Energy
The first ever agreement to develop and optimize Iranian oil refineries has been inked with South Korea’s SK Energy.
Iran Could Increase Its Share in Global Date Market
A Danish manager said Iran could increase its share in the global market by exporting dates and nuts, it was announced on Monday May 6.
Deputy Petroleum Minister Calls for Change in Oil Export Route
Deputy Petroleum Minister and Managing Director of the National Iranian Oil Refining and Distribution Company Abbas Kazemi called for a change in the oil transfer route in order to facilitate export.
Iran to Set Up Offshore Bank in Kish Island: Report
Iran plans to open an offshore bank in the southern island of Kish “within a month” in a bid to facilitate its trade transactions and process international payments, a report said.
Iranian-Made App Predicts Tree Damage
Derakhtban is an Iranian-made mobile application that can predict the date and time trees being uprooted or broken with 87% precision.
Iran LPG, Sulphur Exports Up
The Managing Director of the National Iranian Gas Company says Iran has raised its liquefied petroleum gas (LPG) and sulphur exports, which has been caused by eased restrictions on shipments.
Boeing-Airbus Rivalry for Iranian Market
An aviation official outlines the intense competition between Boeing and Airbus as a barrier to the purchase of aircraft from the European company.
NIGC Urges Staff to Protect Environment
Managing-Director of the National Iranian Gas Company Hamid-Reza Araqi, in a message released on Sunday May 5, urged NIGC staff and officials to protect the environment and avoid polluting nature.
Economic Official: First Stage of JCPOA Successful
A Member from Iran’s Chamber of Commerce said on Sunday May 5 that the Joint Comprehensive Plan of Action (JCPOA) has been successful in its first stage so far.
Supreme Leader Highlights National Importance of Economy
Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei highlighted the importance of the economy for Iran.
Larijani Invites Minister to Brief Parliament on New Oil Contracts
Majlis Speaker Ali Larijani invited Petroleum Minister Bijan Zangeneh to attend a parliament session to brief members on new oil contracts.
