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

‘Japanese banks eyeing foothold in Iran’

Golrokh Askarieh -
A senior Japanese official has called for more opportunities for his country’s banks to increase their cooperation with Iranian financial institutes.
Iran in Pictures

China-Iran Freight Train Arrives in Tehran on First Journey

Fatemeh Askarieh -
The first direct train connecting China and Iran, which had departed from the city of Yiwu in Zhejiang Province, has arrived in Iran’s capital....
Energy

Japan PM due in Iran to expand oil cooperation

Emad Askarieh -
Japan's Prime Minister Shinzo Abe will pay a visit to Tehran to hold talks with Iranian officials on ways to expand oil cooperation, Iran’s Oil Minister Bijan Zangeneh says.
Economy

CBI starts implementing SWIFT in banking transactions

Golrokh Askarieh -
Iran has started implementing SWIFT codes in its banking transactions since yesterday, a senior official said.
Economy

Minister says banking facilities to pave way for boosting economic ties with Ghana

Golrokh Askarieh -
Iran’s Minister of Industries, Mines and Trade Mohammad Reza Nematzadeh said providing banking facilities could be the first step towards boosting economic relations between Iran and Ghana.
Economy

Iran, Ghana economic, trade commission meets in Tehran

Golrokh Askarieh -
Iran and Ghana economic and trade commission held a meeting here on Monday morning.
Economy

South Korea triples Iran crude imports

Golrokh Askarieh -
South Korea tripled its imports of Iranian crude oil in January from a year before, says a new report, coming a day after the Islamic Republic exported its first crude shipments to Europe.
Economy

Iran Accomplishing Oil Export Objectives

Golrokh Askarieh -
Since the termination of anti-Iran sanctions in January, the country has succeeded in increasing its crude exports by 400,000 barrels per day, getting closer to the intended selling 2 million bpd of oil, a top official announced.
Economy

Iran’s oil production increases 400,000 pbd

Golrokh Askarieh -
Deputy Oil Minister Rokneddin Javadi said on Sunday that production of Iran's crude oil increased 400,000 barrel each day and the figure is expected to increase by another 200,000 barrels.
Art

Iran to create first carpet village

Golrokh Askarieh -
Chaleshtar in the central district of Shahrekord, the provincial capital of Chaharmahal-Bakhtiari, is going to be home to Iran's first carpet village, says the head of Carpet Department at the provincial Industries, Mines and Commerce Organization.
Economy

Iran trade delegation off to Germany

Golrokh Askarieh -
A 60-member trade delegation from Tehran Chamber of Commerce is to travel to Germany today.
Economy

$3m toys imported to Iran monthly

Golrokh Askarieh -
The secretary of Iranian Supervisory Council for Toys said that $3 million toys are imported to Iran every month meaning that 90% of Iranian market is related to foreign toys.
Economy

CBI’s 55th annual general assembly convenes

Golrokh Askarieh -
The 55th annual general assembly of Central Bank of Iran (CBI) was attended by President Hassan Rouhani and bank officials on Saturday.
Economy

Iran, Japan hold 11th meeting on human rights issues

Golrokh Askarieh -
Iran and Japan held their 11th meeting to discuss human rights issues here on Saturday.
Economy

Rouhani: Iranian banks main targets of sanctions

Golrokh Askarieh -
President Hassan Rouhani said Iranian banks were the main targets of sanctions imposed against the country in the past few years.
Economy

Iran oil exports to hit 1.5 mb/d in March

Golrokh Askarieh -
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.
Economy

Seoul to finance South Korean firms’ projects in Iran

Golrokh Askarieh -
The South Korean government has promised to provide financial support to companies willing to invest in Iran which is emerging from isolation.
Energy

Iran hints at ‘unexpected’ jump in oil prices

Golrokh Askarieh -
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.
Economy

Road to Iran’s Market Full of Potholes for France’s Peugeot

IFP Editorial Staff -
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...
Economy

Iran needs $200bn oil investments

Emad Askarieh -
Iran said on Tuesday that it needs as much as $200 billion in investments to revamp its oil industry.
Energy

Iran ready to discuss oil with Saudis

Emad Askarieh -
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.
Energy

Swiss Firm TOLGA Eager to Invest in Iran’s Solar Industry

Emad Askarieh -
A leading Swiss photovoltaic (PV) company expressed willingness for presence and investment in Iran’s market following the termination of anti-Tehran sanctions.
Agriculture

Iran, Italy to ink cooperation agreements today

Emad Askarieh -
Minister of Agricultural Jihad Mahmoud Hojjati said here on Tuesday that Iran and Italy are set to ink three cooperation agreements today.
Agriculture

Envoy: Iran to grow rice, wheat in Africa

Emad Askarieh -
Iran is reportedly looking to lease land in Kenya, Uganda and Tanzania for large-scale food production to serve local and export markets.
Economy

Iran currently exporting 300,000 bpd of oil to Europe: Zangeneh

Golrokh Askarieh -
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.
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