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.
Post-JCPOA Iran on course to winning WTO membership
A TPO official has said that Iran is moving toward becoming a member of the WTO, adding that the country has to pay a dear price for not being a WTO member.
Iran following US plan to seize frozen assets
Seif said the Central Bank of Iran (CBI) has a total of $2.5 billion frozen in New York, including the interest on top of the original $1.7 billion held in Citibank accounts.
Iran ready to deal with oil at $30
Tayyebniya said the national taxation program can help reduce reliance on petrodollars, warning that the country is already under strain as a result of a severe drop in oil revenues.
How will the Federal Reserve’s decision to raise interest rates affect Iran’s economy?
The first likely impact of the decision by the Federal Reserve will be a rise in the value of the greenback.
Iran awards IKIA deal to Dutch firm NACO
NACO will be in charge of providing consulting services for the development of Phase 1 of IKIA Airport Town for a period of five years.
US Visa Waiver Program will push foreign investment in Iran down to zero
An Iranian economist has said that a monkey wrench has been thrown into the works of Iran’s economy in the form of a US congressional bill, adding that Iranian officials should oppose the bill which violates JCPOA.
Presence of foreign banks spurs competitiveness: MP
An Iranian MP has said that foreign bank presence in Iran would infuse liquidity into the national economy which could help production flourish, if managed properly.
US automakers can invest in Iran: Deputy industry minister
The deputy trade minister has said that the US import ban only applies to consumer products and should not be generalized to other areas.
Iran: Sanctions to be lifted in ‘next few days’
The Iranian oil minister calls on leading energy companies to re-open their offices in Iran in order to get Iranian support.
Tag: Iran-sanction
Iran seals banking deal with France
Afkhami-Rad emphasized that similar deals have also been reached with other countries. But they cannot be implemented unless the much-awaited Joint Comprehensive Plan of Action (JCPOA) takes effect.
Three European carmakers to return to Iran soon
Iran is also in talks with Italian and Japanese carmakers for cooperation but an agreement has yet to be reached, Nematzadeh said.
Iran, India mulling $4.5bn undersea gas pipeline
Iran-India undersea gas pipeline is planned to be built within two years following the necessary approvals and after a gas sale and purchase agreement is signed, managing director of National Iranian Gas Export Company says.
Iran calls on Sweden to restore ranking of Iranian banks to prior level
The governor of Central Bank of Iran tells a visiting Swedish delegation Iran's policy focuses on establishing proper economic relations with longstanding trade partners.
Iran, South Korea to launch shipbuilding JV
The venture will be established between Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Hyundai.
Zanganeh: No permission required to boost Iran oil output
Iran has officially announced that it will increase production by 500,000 barrels a day immediately after sanctions have been lifted.
Fiat in talks for car manufacturing in Iran
The minister of industries, mines and trade has said that Iran is planning to produce 3 million automobiles in less than 10 years, one-third of which will be exported.
‘International firms ready to accept Iran Petroleum Contract’
Javadi said international companies active in the oil industry are ready to cooperate with Iran within the framework of deals based on the new Iran Petroleum Contract.
Italy is a reliable partner for investment in and transfer of technology to Iran
Riccardo Monti said in recent months Iran has made it clear that it does not solely intend to purchase foreign products; rather it is trying to find reliable partners for joint investment as well as transfer of technology for domestic production.
President Rouhani welcomes participants in GECF summit (PHOTOS)
Among others, presidents of Bolivia, Russia, Equatorial Guinea, Nigeria, Venezuela, Iraq and Turkmenistan attended the summit of Gas Exporting Countries Forum (GECF).
GECF urges cooperation over market issues
The GECF declaration also highlighted the need for member states to work together over the security of natural gas supplies to the markets worldwide.
Heads of state arrive in Tehran for GECF summit (PHOTOS)
Presidents of Bolivia, Russia, Equatorial Guinea, Nigeria, Venezuela, Iraq and Turkmenistan are among foreign dignitaries who have arrived in Tehran.
Iran, Turkmenistan sign 9 memorandums of understanding
The agreements cover cooperation in areas such as health, mail service, media, power transfer, sports, transportation and housing.
Adeli again picked as GECF secretary-general
The GECF also picked Iran’s Oil Minister Bijan Zanganeh as deputy chairman and Qatar’s Minister of Energy and Industry Mohammed Saleh Al Sada as chairman of the Forum.
Frankfurt hosts a conference on investment in Iran
A German foreign trade expert has said that his country is seeking to raise its exports to Iran to € 5b in the next two years.
Nine heads of state to attend Tehran gas summit: Oil minister
Bijan Namdar Zanganeh said that member of the Gas Exporting Countries Forum are mature enough to have cooperation in tandem with competition.
