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.

Energy

Iran set to seal petchem deal with Total

Golrokh Askarieh -
Iran says it expects to finalize talks with the French energy giant Total over the development of a major petrochemical project in the near future.
Economy

Minister: Iran hopeful about WTO membership

Golrokh Askarieh -
Iran is optimistic about its membership in the World Trade Organization (WTO), Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said in this southern province.
Energy

Bandar Abbas Petrol Project Near Complete

Golrokh Askarieh -
Iran will add 3 million liters of gasoline to its daily production once a new gasoline project comes on-stream at Bandar Abbas Refinery in a few months.
Foreign Policy

Iran Dismisses Report on Building Canal Linking Caspian Sea to Persian Gulf

Golrokh Askarieh -
Iranian embassy in Russia rejected a recent report by Russia media on Tehran’s cooperation with Moscow on the construction of a major canal linking Caspian Sea, north of Iran, to Persian Gulf, south of the country.
Industry

Iran says Boeing team coming to Tehran

Golrokh Askarieh -
Iran says a top-level delegation from global aviation giant Boeing will arrive in the country within the next days to discuss potential areas of cooperation with Iranian companies.
Economy

Iran Facilitates Tax Conditions for Foreign Investors

Golrokh Askarieh -
Iran has passed laws giving tax exemptions for five years to foreigners making investments in Iran, said Deputy Head of the Iranian Trade Development Organization Sadeq Ziyaie-Bigdeli.
Finance

New chapter in Iran-Turkey banking relations

Golrokh Askarieh -
A senior banking official said Tehran and Ankara will open new chapters in their banking relations.
Energy

Phases 17&18 Online before March 2017: Zangeneh

Golrokh Askarieh -
Iranian Minister of Petroleum Bijan Zangeneh has said the country will launch phases 17 and 18 of the supergiant gas field by the end of the current Iranian calendar year to March 19.
Economy

Shafei: Improving business environment key to economy of resistance

Golrokh Askarieh -
Internal economic problems should be removed and business environment improved in order to materialize Iran’s economy of resistance, said Deputy Head of Iran's Chamber of Commerce here Wednesday.
Africa

1st Iranian Tanker in Post-Sanctions Setting calls at African Port

Golrokh Askarieh -
An Iranian oil tanker has called at an African port for the first time since the removal of US-led sanctions on Tehran's nuclear program, an official said.
Agriculture

Iran, Germany agriculture ministers to meet Sun.

Golrokh Askarieh -
Iranian Minister of Agriculture Mahmoud Hojjati will meet with his German counterpart in Tehran in a bid to expand mutual agriculture cooperation between the two countries.
Americas

Kerry: Iran ‘absolutely’ deserves access to US dollars as part of sanctions relief

Golrokh Askarieh -
Secretary of State John Kerry said that Iran deserves access to US dollars out of fairness because Tehran has met its core obligations under the nuclear agreement, the Washington Free Beacon reported.
Energy

Iran Eyes 4mbd Oil Output by March 2017

Golrokh Askarieh -
Iranian Minister of Petroleum Bijan Zangeneh said the country has planned to raise its crude oil output to 4 million barrels a day, from the current 3.2 mbd, by the end of the current Iranian calendar year which began on March 20و adding the country eyes to boost oil exports to 2.25mbd by then.
Asia

Taiwan Lifts Visa Restrictions for Iranian Applicants

Golrokh Askarieh -
The Taiwanese government announced it has lifted visa restrictions for Iranian applicants to travel to the Asian island. Furthermore, it will increase its oil purchases from Iran.
Economy

Iran inks agreements with foreign pharmaceutical companies

Emad Askarieh -
Iran has signed agreements with major drug producing companies for medicine production, said Head of Iranian Drug Producers Association Naser Riyahi.
Energy

Iran plans joint oil refinery in Spain

Golrokh Askarieh -
Deputy Minister of Petroleum Abbas Kazemi said here on Tuesday that Iran would have a 50-percent cooperation in constructing a refinery in Spain, if the country's crude oil is totally being supplied by Islamic Republic.
Hard News

Saudi Arabia suspends Mahan Air over ‘safety’

Golrokh Askarieh -
Saudi Arabia has withdrawn licenses given to Iran's Mahan Air to land in the Persian Gulf kingdom or fly in its airspace over ‘safety’ claims.
Economy

Italian PM to Visit Iran on April 12-13: Report

Golrokh Askarieh -
Italian Prime Minister Matteo Renzi is scheduled to pay a two-day visit to Tehran this month, a report said.
Energy

Iran Petchem Output Up at 46 mt/y

Golrokh Askarieh -
Director of quality control at the National Petrochemical Company (NPC) said that its output was more than 46 million tons last year (ending March 19) up by 2.5 million tons compared to the preceding year.
Economy

Iran, Austria ink 2bn euro deals for cooperation

Golrokh Askarieh -
Iranian and Austrian private sectors will work on seven contracts, worth two billion euros,dealing with a number of agricultural and development projects.
Economy

‘Germany’s VW close to Iran auto deal’

Golrokh Askarieh -
Iran said that Germany’s auto giant Volkswagen is expected to seal a deal with an Iranian partner in the near future to invest in the country’s car industry.
Economy

EU banks start re-engaging with Iran

Golrokh Askarieh -
European banks have reportedly started to re-engage with Iran after over two months from the removal of sanctions against the country.
Economy

Iran, Turkey to trade with national currencies

Golrokh Askarieh -
Deputy industry minister has announced the possibility of Iran-Turkey trade using Rial and Turkish Lira currencies.
Economy

Iran has established relations with new European banks

Golrokh Askarieh -
After announcement of 'Implementation Day' of the nuclear deal in January, Iran has established banking relations with new European banks in Italy and Austria, a senior banking official said here Monday.
Economy

Rouhani: Iran’s trade surplus positive for first time in 37 years

Golrokh Askarieh -
President Hassan Rouhani said here on Monday that Iran's trade surplus for a period of 12 months starting March 21, 2015 turned positive for the first time in almost 37 years.
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