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.
CBI’s 55th annual general assembly convenes
The 55th annual general assembly of Central Bank of Iran (CBI) was attended by President Hassan Rouhani and bank officials on Saturday.
Iran, Japan hold 11th meeting on human rights issues
Iran and Japan held their 11th meeting to discuss human rights issues here on Saturday.
Rouhani: Iranian banks main targets of sanctions
President Hassan Rouhani said Iranian banks were the main targets of sanctions imposed against the country in the past few years.
Iran oil exports to hit 1.5 mb/d in March
Iran’s first vice president says the country’s oil exports will reach 1.5 million barrels per day (mb/d) next month as Tehran moves to benefit from sanctions relief.
Seoul to finance South Korean firms’ projects in Iran
The South Korean government has promised to provide financial support to companies willing to invest in Iran which is emerging from isolation.
Iran hints at ‘unexpected’ jump in oil prices
A senior Iranian official says oil prices are likely to jump to unexpected levels in the next Persian calendar year which starts on March 21.
Road to Iran’s Market Full of Potholes for France’s Peugeot
The French auto manufacturing company PSA Peugeot Citroen started its negotiations with the Iranian side a few months before Iran and the Group 5+1...
Iran needs $200bn oil investments
Iran said on Tuesday that it needs as much as $200 billion in investments to revamp its oil industry.
Iran ready to discuss oil with Saudis
Iran’s Oil Minister Bijan Zangeneh said on Tuesday that Iran is ready to negotiate with Saudi Arabia over the current conditions in international oil markets.
Swiss Firm TOLGA Eager to Invest in Iran’s Solar Industry
A leading Swiss photovoltaic (PV) company expressed willingness for presence and investment in Iran’s market following the termination of anti-Tehran sanctions.
Iran, Italy to ink cooperation agreements today
Minister of Agricultural Jihad Mahmoud Hojjati said here on Tuesday that Iran and Italy are set to ink three cooperation agreements today.
Envoy: Iran to grow rice, wheat in Africa
Iran is reportedly looking to lease land in Kenya, Uganda and Tanzania for large-scale food production to serve local and export markets.
Iran currently exporting 300,000 bpd of oil to Europe: Zangeneh
Iran's Oil Minister Bijan Zangeneh says the country is currently exporting 300,000 barrels per day of crude oil to European countries and the figure will rise when new contracts are signed with European oil majors.
France’s Vinci Eyes Construction of Bullet Train Stations in Iran
The Chief Executive Officer (CEO) of Vinci SA, a France-based company, said the group is in initial talks with Iran over construction of high-speed train stations in the Islamic Republic following the termination of anti-Tehran sanctions.
Iran-France oil contract to take effect Feb 16
France’s energy giant Total will start importing 160,000 barrels per day (b/d) of crude oil from Iran later this month, Iran’s petroleum minister says.
Iran to resume export of hand-woven carpets to US
Head of Iran National Carpet Center Hamid Karegar says the Islamic Republic will resume export of its hand-woven carpets to US in near future.
Iran putting finishing touches to IPC contracts: Zangeneh
Iran’s petroleum minister says the terms of new oil deals, sweetened to tempt back foreign companies, have yet to be finalized, noting that critics’ concerns about the new contracts would be allayed.
Iran urges US to tell EU banks trade Ok
Iran says it wants the United States to publicly pledge that it would not penalize European banks for legitimate trade with the Islamic Republic.
Iran, Japan sign investment agreement to up economic ties
Iran and Japan have signed an investment agreement in a bid to boost economic cooperation after the lifting of nuclear-related sanctions against Tehran.
Iran stocks rally to one-year high
Iranian stocks have climbed to their best performance in a year, buoyed by international rush for business in the wake of a nuclear deal which went into effect last month.
German Firm to Invest One Billion Euros in Iran’s Copper Industry
The National Iranian Copper Industries Company (NICICO) and Germany’s MKM Mansfelder Kupfer und Messing GmbH, which is one of the largest European holding companies, signed a one-billion euro deal to develop cooperation in copper industry.
First Europe bank to open Iran office
Austria’s Raiffeisen Bank International (RBI) says it wants to open a branch in Tehran “as quickly as possible,” becoming the first foreign lender to set up shop in Iran after the lifting of sanctions.
Doha to Dump Gas in India
The price war, along with the share of the global oil market which has caused the current oil price slump, is now affecting the...
Germany, Japan Propose Investment in Iranian Petrochemical Projects
Germany's Linde Group and Japan's Mitsui have said that they are planning to jointly invest $4bn in a number of petrochemical projects in Iran, an official said.
Bank Melli to Begin Exchange Transfers for Iranian Expatriates
Gholam-Reza Panahi, the deputy governor for currency affairs at the Bank Melli of Iran (BMI), said that the bank is ready to receive foreign...
