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.

Energy

Dutch Company to Assist Iranian Oil Terminal Renovation

Golrokh Askarieh -
The head of the Iran Oil Terminals Company (IOTC) has said that the company will cooperate with a Dutch oil company to refurbish its oil terminals and facilities.
Economy

Tayyebnia and Seif Positive about Growth Rates and Inflation

IFP Media Wire -
IFP: Economic Minister Ali Tayyebnia and Governor of the Central Bank of Iran Valiollah Seif both addressed the 26th Annual Conference on Monetary and...
Int'l Relations

Iran Working on New Transit Link to EU

Golrokh Askarieh -
Iran says it is working on a new combined transit route that would link its southern port city of Bandar Abbas to Europe through various CIS countries.
Europe

Switzerland Ready to Assist Iran in Post-Sanctions Era

Golrokh Askarieh -
Yves Rossier, the secretary of state at the Swiss Foreign Ministry, said his country is prepared to help Iran to reclaim its previous economic position at the international level following the removal of anti-Tehran sanctions.
Economy

Iran’s Knowledge-Based Products Exports Hit $85m in Two Years

Emad Askarieh -
Exports of Iran’s knowledge-based products totalled $85m over the last two years, said Iranian Deputy Minister of Science Vahid Ahmadi.
Agriculture

46 Countries to Attend Iran Int’l Agriculture and Food Expo

Emad Askarieh -
46 countries are going to take part in Iran’s international agriculture and foodstuff exhibition.
Energy

Iran’s Petropars in Investment Talks with Royal Dutch Shell: Official

Emad Askarieh -
Iran’s Pertropars Company and the global energy giant Royal Dutch Shell are in talks to boost their investment strategies in the country's growing energy sector, following the removal of anti-Tehran sanctions, an Iranian official said.
IFP Exclusive

Preparations Being Made for Foreign Companies to Open R&D Offices in Iran

IFP Editorial Staff -
Vahid Ahmadi, a Deputy Minister of Science, Research, and Technology, announced that Iran is trying to pave the way for other countries to increase...
Europe

Iran, Bosnia agree to expand banking cooperation

Emad Askarieh -
Iranian Ambassador to Bosnia-Herzegovina Seyyed Hossein Rajabi and the Head of the Central Bank of Bosnia discussed expanding bilateral banking relations.
Energy

NITC to Restart Oil Transfer to Europe Soon

Emad Askarieh -
In Bandar Abbas, Ramin Rajaei, an official from the National Iranian Tanker Company, said that the NITC will restart oil cargoes to Europe in the near future.
Asia

Iran, India, Afghanistan Sign Deal on Int’l Transit Route

Emad Askarieh -
Iran, India and Afghanistan inked a trilateral agreement on establishing an international transit corridor, passing through Iran’s south-eastern port city of Chabahar.
Iran in Pictures

Classic Car Show in Tehran

Fatemeh Askarieh -
A gathering of classic cars was held on Saturday May 21 at Azadi Sport Complex in Tehran with more than 500 models on display.    
Asia

Iran, Afghanistan, India Holding Trilateral Meeting Regarding Chabahar Port

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Hossein Jaberi Ansari said that the ongoing visits by Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani to Tehran are aimed at signing a trilateral agreement over Iran’s southern Chabahar Port.
Asia

Iran and India Sign 12 Cooperation Documents

Golrokh Askarieh -
Iranian and Indian officials inked 12 documents on cooperation in different fields on Monday May 23.
Industry

Chabahar Deal: Afghan President in Tehran

Golrokh Askarieh -
Ashraf Ghani, President of Afghanistan, has arrived in Tehran to ink a momentous trilateral MoU with Iran and India regarding Chabahar Port.
Agriculture

Iran and New Zealand to Boost Agricultural Ties

Golrokh Askarieh -
Iran’s Minister of Agriculture Mahmoud Hojjati has announced a plan to develop cooperation between Iran and New Zealand in the agriculture sector.
Economy

No More Barrier to Trade with Iran in Euros: Diplomat

Emad Askarieh -
A ranking Iranian diplomat said there are no more limits on the country’s financial transactions with foreign banks in euros, a clear sign of which was India’s recent move to clear part of its debts to Iran in euros through a Turkish bank.
Economy

India PM in Tehran to Strike Agreement on Chabahar Port Development

Fatemeh Askarieh -
Indian Prime Minister Narendra Modi arrived in the Iranian capital Tehran at the head of a large delegation to boost economic and political ties with Tehran.
Economy

India Clears Part of Iran Oil Dues ahead of Modi’s Visit

IFP Media Wire -
According to a report carried by the Business Standard, Indian refiners cleared part of their $6.5 billion debt to Iran in euros through Turkey's...
Economy

Afghan Leader, India PM Due in Iran to Discuss Chabahar Port

Golrokh Askarieh -
Afghan President Ashraf Ghani and Indian Prime Minister Narendra Modi are going to visit Tehran to sign a trilateral memorandum of understanding (MoU) with Iran on the development of the south-eastern Iranian port city of Chabahar.
Finance

Global Banks Need Immunity from Allegations of Sanctions Breaches: CBI Chief

Golrokh Askarieh -
The governor of the Central Bank of Iran (CBI) said the global banks need “reassurances” that they will not be accused of breaching sanctions if they rekindle ties with the Islamic Republic despite a lasting nuclear deal between Tehran and world powers.
Economy

CBI Chief: Europe, US Failed to Meet Commitments on JCPOA

Emad Askarieh -
Central Bank of Iran (CBI) Chief Valiollah Seif censured certain Western countries, the US in particular, for failing to meet their commitments under a nuclear deal between Tehran and six world powers (also known as the JCPOA).
Economy

Indian PM to Meet with Ayatollah Khamenei in Tehran

IFP Editorial Staff -
Indian Prime Minister Narendra Modi will travel to Iran on Sunday May 22 and plans to meet the Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, in the Iranian capital.
Asia

Iranian and Pakistani Cities to Restart Rail Freight Transport

Golrokh Askarieh -
Iran and Pakistan have agreed to resume rail freight transport between the provincial capitals of the two neighbours’ border regions.
Africa

Iranian Cars to Enter North African Market

Golrokh Askarieh -
The Islamic Republic of Iran and the People's Democratic Republic of Algeria have signed over a dozen memorandums of understanding (MoUs) on the production of Iranian vehicles in the North African state.
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