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.

Economy

Caviar exports from Iran up 183% yr/yr

Emad Askarieh -
Iran’s exports of caviar rose to worth $1.7 million showing 183.3 percent increase in the past Iranian calendar year of 1394 (ended March 19, 2016).
Economy

Iran’s Non-Oil Exports up 8%

Emad Askarieh -
IRICA has reported that Iran’s non-oil export in the first month of the current Iranian year (began March 20) has experienced a 7.91% rise compared with the same period last year.
Americas

US and Canada to Join Iranian Crude Customers

Fatemeh Askarieh -
Iran has begun negotiations with American and Canadian oil companies on petrochemical sales, technology purchases, as well as investment in the country’s oil and gas industries.
Energy

Iran Plans $200bn Investment in Oil Sector

Golrokh Askarieh -
First Vice-President Eshaq Jahangiri said that the Rouhani Administration is planning to invest $200bn dollars in oil sector in a push to develop the industry by employing new technologies.
Industry

Iran Sets New Record in Steel Exports

Golrokh Askarieh -
Deputy Trade Minister Mehdi Karbasian said Iran has set a new record in steel exports to global markets.
Energy

Shale – Iran Joins the Club

Golrokh Askarieh -
Iran has joined the club of countries which own shale oil and gas reserves, a senior Iranian oil official said.
Asia

Hyundai to build power plant in Iran

Golrokh Askarieh -
South Korea’s Hyundai Engineering Company (HEC) will ink a contract to construct a 500-megawatt power house in Iran.
Americas

Velayati Raps US Supreme Court Ruling to Seize Iran’s Assets

Golrokh Askarieh -
Head of the Strategic Research Center of Iran’s Expediency Council, Ali Akbar Velayati, criticized the US decision to seize nearly $2bn of the Central Bank of Iran’s assets in an American bank, describing the move as an indication of Washington’s “bullying” approach.
Economy

Portugal to Open Commercial & Investment Bureau in Tehran

Golrokh Askarieh -
A trade delegation from Portugal came to Tehran Chamber of Commerce, Industries, Mines & Agriculture (TCCIMA) to explore the situation for business and investment with their Iranian counterparts.
Americas

Iran’s President Forms Committee to Reclaim Money Seized by US

Golrokh Askarieh -
Iranian President Hassan Rouhani has set up a committee to find a way to restore the Central Bank of Iran’s assets, seized by Washington according to a US court order, an Iranian diplomat announced.
Energy

Qazvin, Italian Investors Sign Solar Plant Deal

Golrokh Askarieh -
Qazvin provincial officials and Italian investors have signed a deal which will build a 1000-mW solar power plant and photovoltaic panels.
Finance

Araqchi: No obstacles for foreign banks in transactions with Iran

Golrokh Askarieh -
Foreign Ministry Deputy for Legal and International Affairs Abbas Araqchi said the powerful stands taken by the head of Iran’s Central Bank has resulted in the US announcement that non-American banks have no problems in transactions with Iran.
Americas

Bombardier to Set Up Own Airline in Iran

Golrokh Askarieh -
Canada’s global aviation firm Bombardier is reportedly planning to launch its own airline in Iran – a groundbreaking move that could help boost air trips between Iran and Northern America.
Africa

Iran, South Africa Ink 8 MoUs

Golrokh Askarieh -
In a ceremony held in Tehran on Sunday, high-ranking officials from Iran and South Africa signed eight memorandums of understanding (MoUs) to broaden the relations between the two countries in a range of fields.
Economy

Ahmadinejad’s Gov’t Is to Blame for US Seizure of Iranian Assets

Emad Askarieh -
The Governor of the Central Bank of Iran (CBI), Valiollah Seif, held the former Iranian administration responsible for a recent US court ruling to seize near $2bn of Iran’s frozen assets, saying Mahmoud Ahmadinejad’s government was too negligent in making investments in the US.
Agriculture

Iran, German Sachsen state to Cooperate on Specialized Agriculture

Golrokh Askarieh -
Iran and the German Federal State of Sachsen will develop their cooperation in specialized agriculture, and jointly invest in processing and supplementary industries.
Economy

First VP Underlines Importance of Knowledge-Based Economy

IFP Editorial Staff -
Iranian First Vice-President Eshaq Jahangiri referred to the knowledge-based economy as being a key factor in the realization of the Resistance Economy, whose principles were outlined by the Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei.
Americas

Kerry assures world business transactions with Iran are safe

Golrokh Askarieh -
US Secretary of State John Kerry assured the world that financial transactions with Iran are safe and European banks should not be worried in this regard.
Asia

Tehran, Seoul to Ink Multi-Billion Dollar Deals: Report

Golrokh Askarieh -
Construction companies from South Korea plan to sign contracts with Iran on a series of big development projects during an upcoming visit to the Islamic Republic by the president of the East Asian nation, South Korean industry officials said on Saturday.
Africa

Bright prospect for Iran-South Africa cooperation

Golrokh Askarieh -
Deputy Foreign Minister for Arab and African Affairs Hossein Amir Abdollahian says today Chinese, Indian and Turkish companies are turning into big economic and trade players in South Africa which further underlines the need for targeted and efficient planning of Iran’s private sector in the South African market and investment of that country in Iran.
Americas

Iran and Canada to Cooperate on Oil Industry Equipment Construction

Golrokh Askarieh -
A high-ranking oil industry official said that Iran and Canada are to cooperate on building equipment related to oil industry surface facilities.
Americas

Kerry: No objection in the way of foreign banks engaging with Iranian banks

Golrokh Askarieh -
Secretary of State John Kerry before meeting Iranian Foreign Minister Mohammad Javad Zarif on Friday said US has no objection does not stand in the way of foreign banks engaging with Iranian banks and companies.
Economy

Good News Awaiting Iran’s Foreign Trade within Two Months

IFP Editorial Staff -
Officials with Iran’s Trade Promotion Organization believe that the next couple of months will be full of good news for the country’s trade with other countries, with four new commercial attachés scheduled to be added to the list of Iranian envoys, and B2B ecommerce sites to be launched to facilitate the country’s trade ties.
Asia

Isfahan, Hong Kong discuss boosting trade ties

Golrokh Askarieh -
Members of Isfahan Chamber of Commerce, Industry, Mine and Agriculture met with a group of businessmen from Hong Kong on Tuesday evening to discuss venues for bilateral trade.
Energy

MSOGC Eyes 10% Rise in Output by March 2017

Golrokh Askarieh -
Managing director of Masjed Soleiman Oil and Gas Company said the company will boost its output by at least 10% by the end of the current Iranian calendar year to March 20 2017.
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