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.
FM: Foes Misrepresenting Iran as Unsafe for Investment
Iran’s Foreign Minister Mohammad Javad Zarif called on the incoming parliament to thwart the plots hatched by enemies aimed at portraying the country as an unsafe investment destination and discouraging foreign investors from coming to Iran.
Gas Condensate Output Up 35% in March-April
Iranian refineries’ gas condensate output rose by 35% in the Iranian month of Farvardin (March 20-April 19).
Iran set to take over Qatar in gas output from shared field
Iran said on Friday that it will take over Qatar in production of natural gas from a key field that both share as it expects a significant rise in production from the field before March 2017.
Iran Says Ready to Join Oil Freeze Plan
Iran said on Friday that it is ready to join an oil freeze plan that has been proposed by several key peer producers to help stabilize the market.
Afghan Minister: Afghan Commodities to Be Exported via Chabahar Port
The Economy Minister of Afghanistan said commodities and minerals from his country will be exported to different parts of the world through the strategic ocean port of Chabahar.
Iran to Spend Over $260m on Renewing Airport Equipment
An Iranian official announced that more than $260m will be spent within the next five years to renovate and upgrade airport radar equipment across Iran.
Modi’s Iran Visit Is a Golden Chance to Settle Financial Disputes
The significant and historical visit of the Indian Prime Minister Narendra Modi to Iran, slated for May 22, provides a golden opportunity for both countries to develop ties and focus on ways of settling their financial disputes.
Yemen’s Locusts En Route to Iran: Official Warning
Yemeni insect control experts and the United Nations Food and Agriculture Organization (FAO) have recently warned that the outbreak of locusts in the Arab country might reach neighbouring states, including Iran.
Iran-Germany Joint Venture Should Become Operational
Iran’s Minister of Industry called for the two sides’ industrial joint venture to enter the operational phase in a meeting with German Deputy Economy Minister Uwe Beckmeyer.
3rd Europe-Iran Forum Opens in Zurich
The 3rd Europe-Iran Forum opened on Tuesday May 3 in Zurich, Switzerland. The 2-day event offers a new and innovative program designed to balance high-level networking opportunities with panels and industry-focused workshops of real practical value.
TAVANIR and KEPCO Sign $10bn MoU
Iran’s Power Generation and Transmission Company (TAVANIR) and the Korea Electric Power Corporation (KEPCO) have sealed a deal over expansion of cooperation in power and energy industries.
Abadan Oil Refinery’s Role in Iran History
When the Anglo-Persian Oil Company purchased a parcel of land from Sheikh Khazal to build the most important oil refinery in the world, it...
Iran and Switzerland Hold Financial Talks in Bern
Iran and Switzerland held a first round of financial talks in Bern and explored grounds for cooperation by presenting reports on their respective financial and banking activities and monitoring systems.
Oil Minister: $4bn to be Added to Iran’s Petrochemical Value
Petroleum Minister Bijan Zangeneh says over $4bn will be added to the country’s petrochemical value this calendar year.
IRGC to Build 5,500 Residential Units Each Year to Fight Deprivation: Commander
Major General Mohammad Ali Jafari, the commander of the Islamic Revolution Guards Corps, announced that the IRGC will use its equipment and volunteer forces to build 5,500 houses per year in deprived regions of Iran.
Park Geun-hye: N Korea Must Follow Iran’s Strategy to Join International Community
South Korean President Park Geun-hye said South Korea hopes that North Korea will follow in the footsteps of Iran in curbing its nuclear activities and joining the international community.
Germany Eyes Iran’s Renewable Energy Market
Germany is seeking to establish long-term cooperation with solar companies and industry associations in Iran, a report said.
Iran Joins 8 Producers of Antimony Ingots
With its first antimony ingot plant operational in the southeastern province of Sistan-Baluchestan, Iran now stands among the eight producers of the product globally, IRNA reported.
Rouhani Welcomes Park Geun-hye
President Hassan Rouhani says there is suitable ground for foreign investment in Iran as he receives his South Korean counterpart Park Geun-hye in Tehran.
Seoul-Tehran Eye Pipeline Cooperation
KOGAS has agreed to engineer and launch Iran’s 9th and 11th cross-country pipeline projects, based on a Memorandum of Understanding (MoU) signed with the National Iranian Gas Company on Sunday May 1, a senior NIGC official said.
Committee Considering Ways to Reclaim Iran’s Assets Seized by US
Iran’s administration has set up a committee to take a series of legal and political measures to restore the Central Bank of Iran’s assets, seized by Washington according to a US court order, a Foreign Ministry spokesman said Monday.
Ireland Plans to Re-Establish Embassy in Tehran
The Irish government is considering reopening its embassy in Tehran in a bid to expand trade relations with the Middle East’s second-largest economy.
South Korean President in Iran for Official Visit
South Korean President Park Geun-hye who arrived in Iran on Sunday for a three-day visit, met Iranian President Hassan Rouhani on Monday morning after an official welcome ceremony at Sa'd Abad Palace.
VP to Open Lorestan Petrochemical Complex
Vice President Eshaq Jahangiri will inaugurate Lorestan Petrochemical Complex, western Iran, on Tuesday, May 3.
Iran’s Oil Exports Hit 2.3m bpd: President
Iran’s exports of oil and gas condensates have reached 2.3 million barrels per day (bpd), almost twice as much as before the Joint Comprehensive Plan of Action (JCPOA), a nuclear deal between Tehran and world powers, came into force, Iranian President Hassan Rouhani said.
