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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.

Americas

No Government Can Decide on Another Country’s Assets: Rouhani

Golrokh Askarieh -
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.
Economy

Iranian Academic Highlights Role of Freedom in Rooting Out Corruption

IFP Editorial Staff -
Mahdi Pazooki, an Iranian professor and economic expert, referred to freedom as the best means for countering corruption, and stressed that anti-corruption efforts would be futile without transparency and freedom of information.
Energy

PGPIC to Re-open European Offices

Golrokh Askarieh -
Managing Director of the Persian Gulf Petrochemical Industry Company (PGPIC) Adel Nejad-Salim said that it plans to re-open its offices in Europe in the near future.
Energy

Tehran Cuts Crude Price amid Riyadh’s Surge Push

Emad Askarieh -
Tehran is reportedly cutting the price of Iranian crude in the Asian trade amid Saudi Arabia’s efforts to flood the already brimming world oil market.
Asia

Iran’s First Nano Cargo Exported to South Korea

Golrokh Askarieh -
Vice-President for Science and Technology Sorena Sattari said Iran has exported a cargo of nanotechnology to South Korea, marking the first such shipment since the removal of sanctions on Jan 16.
Americas

US to Allay British Banks’ Concerns about Ties with Iran

Golrokh Askarieh -
US Secretary of State John Kerry is planning to hold talks with representatives of a number of British banks this week in London in a move to allay their concerns about forging ties with Iran.
Europe

Germany’s Auto Supplier Bosch to Open Office in Tehran

Golrokh Askarieh -
A senior official with German car parts maker Robert Bosch said it plans to open an office in the Iranian capital, Tehran, by the end of this year, following the removal of anti-Tehran sanctions.
Asia

Iran Announces Major Jump in Asian Oil Exports

Golrokh Askarieh -
Asian imports of Iranian oil in March jumped 50% from a year earlier, as shipments to India and South Korea have risen since international sanctions were lifted on Iran.
Energy

AEOI Chief: Iran in Talks with Russia on Exports of Heavy Water

Golrokh Askarieh -
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi announced that his country is holding talks with the Russians to sell them 40 tons of its excess heavy water.
Economy

Britain Exploring Joint Investments with Iran

Golrokh Askarieh -
A British organization called the Middle East Association came to Tehran Chamber of Commerce Industries Mines & Agriculture (TCCIMA) to explore joint fields of...
Energy

Top Priority is Exporting Gas to Iraq: NIGC Official

Golrokh Askarieh -
The export of gas to Iraq is Iran’s top priority, the Director of National Iranian Gas Company for Planning, Mohammad Reza Qodsizadeh, said on Monday May 9.
Agriculture

Agriculture Minister Calls for Expansion of Iran-Holland Cooperation

Golrokh Askarieh -
Agriculture Minister Mahmoud Hojjati called for expansion of cooperation between Iran and the Netherlands in producing herbal medicines.
Economy

Iran Committed to Gender Equality: Molaverdi

Golrokh Askarieh -
The Vice-President for Women and Family Affairs Shahindokht Molaverdi said the government is determined to meet its objective of guaranteeing gender equality.
Energy

Iran Conducting Oil Exploration Nationwide: Official

Golrokh Askarieh -
Surveys are being carried out all over Iran to explore new oil and gas reserves, the head of the National Iranian Oil Company’s Exploration Directorate announced.
Energy

Iran and Norway Ink Oil Industry Cooperation MoU

Golrokh Askarieh -
Iran’s Research Institute of Petroleum Industry and the Norway's International Aker Solutions Company inked a Memorandum of Understanding to cooperate in the field of oil and gas, an official said on May 9.
Editor's Choice

Rouhani: Parliament and Government Must Work Together for Economy and Environment

Golrokh Askarieh -
President Hassan Rouhani underlined that for economic growth to gather pace, the Parliament and Administration need to close ranks.
Energy

Iran Facing No Major Problem in Selling Oil: Official

Golrokh Askarieh -
There is no major obstacle to the sale of Iranian crude in international markets, an Iranian deputy oil minister for international affairs and marketing said.
Energy

Saudis Luring Oil Customers Away from Iran: Minister

Emad Askarieh -
Iran’s Oil Minister Bijan Namdar Zanganeh blamed Saudi Arabia for discouraging customers from buying Iranian crude and luring them away by offering lower prices.
Energy

PRTC Signs Cooperation Deal with SPEC

Golrokh Askarieh -
The Petrochemical Research and Technology Company (PTRC) and the Supplying Petrochemical Industries Parts, Equipment & Chemicals Engineering Company (SPEC) have signed an agreement to...
Energy

Warsaw Seeking Nuclear Cooperation with Iran

Golrokh Askarieh -
An AEOI spokesman said that Iran welcomes cooperation with Poland on nuclear science and technology.
Energy

‘30m Cubic Meters of Iranian Gas Is Wasted Each Day’

Golrokh Askarieh -
A senior Petroleum Ministry official has called for the private sector to step in and help recover billions of dollars from going to waste in Iran’s natural gas flares.
Energy

Tehran and Muscat Close Ranks to Tackle Oil Price Slump

Emad Askarieh -
A petroleum activist says that the implementation of the Joint Comprehensive Plan of Action (JCPOA) paves the way for investments in a ban-free Iran. Omani Minster of Oil and Gas Muhammad bin Hamad al-Rumhi says Iran and Oman are to join efforts in addressing falling prices in the oil market.
Energy

Iran’s Oil Exports Reaching Pre-Sanctions Level: President

Golrokh Askarieh -
Iranian President Hassan Rouhani said the country’s exports of oil will be soon equal to the level of the pre-sanctions era, noting that part of the banking problems will be also fixed.
Asia

Japan Eyes Development of Iranian Port: Report

Emad Askarieh -
A new report says Japan seeks to play a part in the development of the southeastern Iranian port of Chabahar.
Industry

Fourth IKCO Car to Enter Iran’s Market

Fatemeh Askarieh -
The 4th IKCO brand car is going to enter the market by the end of this Iranian year, Mach 20, 2017.
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