Business

Iran to Support Investment in Nicaragua

Iranian Foreign Minister Mohammad Javad Zarif assured the country’s private sector companies that the administration will facilitate and support investment in Nicaragua.

President: Iran’s Economy on Right Track

Iranian President Hassan Rouhani highlighted the country’s economic progress during his term, saying Iran’s economy is on the right track despite a whole host of problems that have gripped oil-exporting countries.

19% Decrease in Cultivation of Opium in Afghanistan

Afghanistan’s Minister of Counter Narcotics announced that less opium has been cultivated in the county in 2015, but it is not satisfactory yet.

Turquoise Mine in Neyshabur, Northeastern Iran

For at least 2,000 years, Iran has remained an important source of turquoise, which was named by Iranians initially "Pirouzeh" meaning "victory" and later...

US Has Given another $1.3 Billion of Iran’s Money: Report

US payment of $400 million of Iranian money which sparked outcry among American politicians has been followed by another transfer of $1.3 billion, media reports say.

MasterCard Dismisses Reports on Its Activity in Iran

The US-based multinational financial services corporation MasterCard has rejected the recent reports on its cooperation with Iran.

Iran to Introduce MasterCards: Minister

Iran is about to introduce credit card services processed by global payment operator MasterCard for the first time, Communications and Information Technology Minister Mahmoud Vaezi says.

13 Luxury Cars Smuggled into Iran to Be Crushed in Coming Days

An Iranian official announced that 13 luxury cars, which had been illegally smuggled into the country, will be crushed within a few days in an effort to combat smuggling.DF

Boeing Representatives in Tehran: Minister

Boeing representatives are currently in Tehran, discussing the US planemaker’s planned sale of commercial aircraft to Iran, an Iranian minister says.

Iran Expects First Wheat Export in Years

Iran is expecting a surplus of wheat this year, which it plans to release onto the regional markets, the country’s top body in charge...

Iran’s Non-Oil Exports Jump by 21% in 4 Months

Iran’s non-oil exports have witnessed a 21 percent increase during the first four months of the current Iranian year (started on March 20), Head...

Tehran Ready to Work with Baku on E-Commerce and Financial Post Services

Iran’s Minister of Communications Mahmoud Vaezi said the time is ripe for mutual cooperation between the two countries in the fields of e-commerce and financial post services.

Iran Breaks Records by Exporting 7m Barrels of Oil in One Day

An Iranian oil official says the country has broken many records in oil and gas exports after the implementation of nuclear deal between Tehran and world powers, one of which is the export of 7 million barrels of crude oil in just one day.

Iran and South Korea Ink Water Treatment Deal

South Korea is about to help Iran on water supply and management and wastewater treatment under three memorandums of understanding signed in Tehran on Sunday, August 7.

Iran, Russia map out rival to Suez Canal

A major project to foster trade connectivity through a less trodden path straddling a promising market is about to feature prominently in discussions when...

No Hitch to Developing Iran-Pakistan Banking Relations: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says there is no obstacle in the way of the expansion of banking relations between Iran and Pakistan.

Iran to Gain 9% Share of Global Fermentation Industry by 2025

Although there is a long way ahead of the country, Iran should stride forward to increase its share of the world’s fermentation industry by the year 2025, an Iranian official said.

Iran’s Supertanker, Container Ship Collide in Singapore Strait

A large container ship has collided with an Iranian supertanker in the busy Singapore Strait, causing damage to both vessels, but no injuries or oil pollution, the Maritime and Port Authority of Singapore (MPA) says.

Putin Renews Vow to Give Iran $2.5bn of Loans

Russia says it is still committed to a pledge it has already made to grant two loans worth $2.5 billion to Iran.

Iran’s Tourism Income Amounts to $1m an Hour

Within the past four months, Iran’s tourism industry has earned nearly $1m per hour thanks to the massive influx of foreign tourists in the country after the nuclear deal between Tehran and world powers, an official said.

Japan’s Investment in 3 Major Projects in Iran’s Underdeveloped Province

Japan is going to start implementing six major investment projects in Iran, three of which are in the historically-deprived province Sistan and Baluchestan in the country’s southeast, an official announced.

Iran to Build 800 Power Plants: Deputy Minister

An Iranian deputy energy minister said the country plans to develop over 800 power plant projects in the coming years.

US Allows South Korea to Do Iran Trade In Euros: Report

South Korean companies will be able to carry out business with Iran in euros as early as next month, enabling the Asian country to cash in on new opportunities from lifting of sanctions on Tehran.

Blazes in Iran’s Petchem Plants Caused by Lack of Funding for HSE: Zanganeh

Iranian Oil Minister Bijan Namdar Zanganeh said the main reason behind recent blazes at a number of petrochemical complexes in the country is the failure of some private companies to provide funding for Health, Safety and Environment (HSE) parameters.

First Series of Airbus Planes to Be Delivered to Iran by Autumn

Iranian Minister of Roads and Urban Development Abbas Akhondi announced that the first series of Airbus passenger planes will join the country’s civil aviation fleet by the end of Autumn.

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