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.
Oil CSR Conference Opens in Tehran
Iran opened the Corporate Social Responsibility Conference in the Petroleum Industry on Tuesday May 17.
Croatian President Arrives in Iran
Croatian President Kolinda Grabar-Kitarović is scheduled to pay an official visit to the Iranian capital on Tuesday May 17 for talks on the enhancement of economic cooperation between the two nations.
Any Request for Banking Guarantees in Ties with Europe Is Nonsense: Official
A senior Iranian official has dismissed a recent report that European banks had asked Iran to provide guarantees to compensate for possible future penalties imposed by the US for resuming banking activities with Iran. Text from IRNA, translated by IFP.
Javan: European Banks Demand $15bn from Iran
On Friday May 13, US Secretary of State John Kerry met with heads of 10 European banks. According to a report by Javan newspaper,...
European Banks’ Conservatism Hindering JCPOA Implementation: Iran Deputy FM
A senior Iranian official says the “conservatism” of large European banks is hindering the implementation of Iran’s nuclear agreement.
Workgroup Recommends SNSC ‘Address US Seizure of CBI Assets’
The government’s Special Workgroup on the US Seizure of Central Bank Assets has drafted a report of the developments on the US encroachments on the Central Bank assets.
Iran to Increase Oil Swap Capacity in Caspian Sea Region
Iran plans to increase its oil swap capacity in the Caspian Sea and other regions, Deputy Petroleum Minister for International Affairs Amir Hossein Zamani Nia said. He made the remarks at the first international conference on “Rail-Ports and Rail-Oil” in Tehran.
China Sets Sights on Buying 50% of Iran’s Oil Exports
Deputy Administrator of China’s National Energy Administration (NEA) Zhang Yuqing said the country's firms are ready to purchase 50% of Iran’s oil exports.
Azerbaijan President Calls for Expansion of Tehran-Baku Agricultural Ties
Azerbaijan’s President Ilham Aliyev hailed the growing bilateral ties between Tehran and Baku in diverse fields, and called for an enhancement of cooperation in the field of agriculture as well.
India Trying to Repay Its Debts to Iran before PM’s Visit
Indian officials are reportedly trying to repay their oil debts to Iran before an upcoming visit by Indian Prime Minister Narendra Modi to Tehran, which is due to take place on May 22.
Iran Starts Negotiations with Airbus to Sign Plane Purchase Contract
Iran has begun negotiations with Airbus to finalize the first major deal for purchase of passenger planes since 1979, a senior Iranian official says.
Chinese Firms to Renovate Oil Refinery in Iran
The National Energy Administration of China has signed a memorandum of understanding with the Iranian Ministry of Petroleum to support oil and gas projects in Iran, including the refurbishment of Abadan Refinery in south-western Iran.
JCPOA Should Help Implementation of “Resistance Economy”
Iran’s Hassan Rouhani has urged that the opportunities provided by the JCPOA be taken advantage of to improve interaction with the world and the implementation of “Resistance Economy.”
Iran to Build Wind Farm in Kazakhstan
Iran and Kazakhstan have struck a deal on the construction of a wind park in Kazakhstan to generate electricity there.
Senior IMF Official in Tehran for Economic Talks
First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton arrived in Tehran on Sunday to hold talks with senior Iranian officials on economic issues.
Iran, Tunisia Discuss Development of Energy Cooperation
Iranian Energy Minister Hamid Chitchian and his Tunisian counterpart Mongi Marzouk on Saturday discussed expansion of mutual cooperation between the two countries in the field of energy.
Joint Credit Line to Help Boost Iran-Japan Cooperation in Water Projects
An Iranian official expressed the hope that a joint credit line between Tehran and Tokyo would contribute to the implementation of joint projects on water management systems.
Malaysia’s AirAsia X to Resume Flights to Iran
A senior official with Malaysia’s AirAsia X said on Saturday that direct flights to Tehran from Kuala Lumpur and Bangkok will be resumed, adding that they are going to be operated three times weekly.
Pasargad wants to become ‘global bank’
Pasargad Financial Group, which owns Iran's second largest bank, is considering selling its shares in energy entities in a sign of improving business environment.
Iran Exports LPG to Africa by Using ISO Tank Containers
Iran started export of its Liquefied Petroleum Gas (LPG) to African countries by using ISO tank containers, an official affiliated to the National Iranian Oil Production and Distribution Company (NIOPDC) said.
Iran Tankers Now Free to Dock at Any Port
A top Iranian oil official said on Friday that sanctions on Iranian shipping lines have been completely removed, adding that Iranian tankers presently have no problem to travel to ports around the world.
IEA says Iran’s Oil Output Rose Faster than Expected
The International Energy Agency (IEA) announced on Thursday that Iran’s oil production has risen faster than expected, reaching levels not seen since before the Western sanctions against the country were tightened in 2011.
Iran and China Discuss Cooperation on Fighting Corruption
In a meeting in Beijing on Wednesday May 11, the Head of Iran's General Inspectorate Organization, Nasser Seraj, and China's Public Prosecutor Cao Jianming, discussed broadening relations, especially a campaign against financial corruption.
UNIDO Ready to Promote Hamedan Leather Industry
Mohammad Babaei, a representative of the United Nations Industrial Development Organization, said on Tuesday May 10 that UNIDO is ready to cooperate with Hamedan Province to help promote its leather industry.
No Government Can Decide on Another Country’s Assets: Rouhani
Iran’s President Hassan Rouhani criticized a recent decision by the US to seize nearly $2bn of Iranian money, stressing that no country can make decisions about the assets of another state.
