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

Iran-France oil contract to take effect Feb 16

Golrokh Askarieh -
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.
Economy

Iran to resume export of hand-woven carpets to US

Emad Askarieh -
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.
Energy

Iran putting finishing touches to IPC contracts: Zangeneh

Emad Askarieh -
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.
Europe

Iran urges US to tell EU banks trade Ok

Emad Askarieh -
Iran says it wants the United States to publicly pledge that it would not penalize European banks for legitimate trade with the Islamic Republic.
Asia

Iran, Japan sign investment agreement to up economic ties

Emad Askarieh -
Iran and Japan have signed an investment agreement in a bid to boost economic cooperation after the lifting of nuclear-related sanctions against Tehran.
Economy

Iran stocks rally to one-year high

Golrokh Askarieh -
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.
Economy

German Firm to Invest One Billion Euros in Iran’s Copper Industry

Golrokh Askarieh -
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.
Economy

First Europe bank to open Iran office

Golrokh Askarieh -
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.
Energy

Doha to Dump Gas in India

IFP Editorial Staff -
The price war, along with the share of the global oil market which has caused the current oil price slump, is now affecting the...
Economy

Germany, Japan Propose Investment in Iranian Petrochemical Projects

IFP Editorial Staff -
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.
Finance

Bank Melli to Begin Exchange Transfers for Iranian Expatriates

Emad Askarieh -
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...
Economy

Iran bans wheat imports: Agency

Emad Askarieh -
Iran’s Ministry of Agriculture bans state imports of wheat in the coming Persian year which begins on March 20, ordering officials to stop registering new purchase orders.
Economy

Iran provides € 20m. credit line for exports to Russia

Emad Askarieh -
Managing Director of Exports Development Bank Ali Salehabadi said a credit line with a value of 20 million euro has been provided for export of goods to Russia.
Economy

Iran Inks Deal with ATR to Buy 20 Planes

Emad Askarieh -
Iran’s national airline, Iran Air, finalized a contract with ATR aircraft manufacturer on Monday to purchase 20 turboprops.
Economy

Linde, Mitsui plan $4 billion Iran investment

Emad Askarieh -
Germany’s industrial gases company Linde and Japan’s Mitsui Chemicals plan $4 billion of investment in Iranian petrochemical projects, an energy official says.
Economy

Govt.: Iran’s $100 billion ‘fully released’

Emad Askarieh -
The government says Iran can now access more than $100 billion in frozen assets after the implementation of a nuclear agreement last month.
Economy

Banking relations between Iran and Turkey go back to normal

IFP Editorial Staff -
Iran's Ambassadorto Turkey Ali-Reza Bigdeli announced banking relations between the two countries go back to normal and Bank Mellat will resume its operations in...
Economy

Iran rugs stacked for global markets

Golrokh Askarieh -
Iran is pitching its prized carpets for the US, a traditional market warped by cycles of sanctions which have allowed cheaper craft from India, Pakistan and China to secure a foothold.
Economy

What CEOs of Total, Airbus, Renault and Peugeot told Rouhani?

IFP Editorial Staff -
Iranian President, Hassan Rouhani, met with CEOs of major French companies as he arrived in Paris on Wednesday afternoon. Welcoming Rouhani’s visit to Paris, Foreign...
Agriculture

Iran exports saffron to U.S for the first time in 15 years

IFP Editorial Staff -
Following the implementation of nuclear deal between Iran and world powers, first shipment of Iranian saffron to U.S. will be send in the coming...
Economy

Turks invade Iran with their garments

IFP Editorial Staff -
Iranian market with population of 80 millions is a golden opportunity for European and Asian countries to make investment and Iranian neighboring countries are trying to make utmost benefit from reentry of Iran into world economy.
Economy

Iran open to investment, win-win economic exchange: President

Golrokh Askarieh -
Iranian President Hassan Rouhani has expressed the country’s readiness to attract foreign investment and for a win-win economic exchange with other nations.
Economy

Safe space encouraging foreign flights to pass through Iran

Golrokh Askarieh -
A regional official of International Civil Aviation Organization (ICAO) said Iran's safe airspace has encouraged foreign airlines to seek passage through Iran’s flying zone.
Economy

‘General Electric in talks to enter Iranian market’

Golrokh Askarieh -
US giant seeks to enter Iranian market following the implementation of Iran’s nuclear agreement.
Asia

S. Korea opens center to support exports to Iran

IFP Editorial Staff -
South Korea launched a business center to support local firms exporting to Iran as the East Asian country seeks to broaden its presence in...
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