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.
The 16th Exhibition of Home Appliances, the largest event of its kind in Middle East, will be held in Tehran Int'l Permanent Fairground from November 24 to 27.
Iranian President Hassan Rouhani on Sunday inaugurated a number of development projects, including those for developing oil fields, in the southwestern province of Khuzestan.
An MoU to develop the Phase 11 of South Pars gas field was inked on Tuesday between Iran’s NIOC and Petropars companies, France’s Total as well as CNPCI of China.
Iran says it has drawn serious plans to boost exports of hand-woven carpets to the United States, adding that it is already sending about a third of its total global sales to US market.
Director of National Iranian South Oil Company Bijan Alipour said negotiations are underway with the British Petroleum (BP) on development of four oilfields in south of Iran.
Head of the Republic of Dagestan Ramazan Abdulatipov highlighted the ample opportunities for investment available in the North Caucasus region, calling on Iranian businesses to participate in projects in the Caspian region.
A senior Iranian oil official said on Saturday that the country expects its natural gas production capacity from the South Pars gas field to increase by at least 70 million cubic meters per day (mcm/d) in the near future.
British Trade Secretary Liam Fox said London is seeking to address concerns of its banking sector about ties with Iran in an attempt to boost business ties with the Islamic Republic following the removal of anti-Tehran sanctions.
Iran’s Fisheries Organization and the Food and Agriculture Organization (FAO) inked an agreement Wednesday to improve genetic resources of Rainbow Trout fish in the Islamic Republic.
Iran says efforts by countries to expand post-sanctions trade ties with it are being hampered by the United States because Washington does not see itself as a beneficiary of the re-opening of the Iranian business environment.
Iran says its exports of natural gas to Turkey that have been halted reportedly as a result of an explosion inside the Turkish territory will resume within the next few days.
A top official in Tehran has accused European government of failing to take the required measures to facilitate trade agreements with Iran – what he says is already in violation of a nuclear agreement that was sealed with the country last summer and came into effect in January.
