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.
Iran nuclear deal cannot fix all economic problems
Sadegh Zibakalam, an Iranian political analyst, has said that unaccountability is a problem bigger than sanctions for Iran, adding that the country should learn lessons from other nations on fixing the economy.
Iran determined to reclaim its share in global oil market: Zanganeh
Iran's oil minister says the Islamic Republic is determined to reclaim its share in global oil markets once sanctions imposed on the country’s energy sector are lifted.
Iran, Oman sign deal to finalize gas pipeline project
The 400 km export pipeline will carry Iran’s natural gas to Sohar Port in the Persian Gulf country
India, Korea plan $10 billion energy park in Iran
A consortium of Iranian, Indian and South Korean companies seeks to set up an energy park in Iran’s Khuzestan province in a project worth $10 billion, including generation of 1,000 megawatts of solar power, the IRNA news agency says.
Bank Melli Iran pursuing case of frozen assets in US
The governor of Bank Melli Iran has said his bank seeks to overturn the verdict by a US court on its frozen assets in two American institutes, adding that the bank’s lawyer is seriously pursuing the case.
Iran eyes Japan help for bullet trains
The deputy transportation minister has said that given Japan's experience in launching high-speed trains, Tehran is interested in cooperation with Tokyo.
Iran, Germany eye closer economic ties
The parliament speaker has praised Germany for its positive role in Iran-P5+1 talks, hoping Tehran-Berlin ties would be expanded following the conclusion of the nuclear deal.
Iran’s capital market is to absorb more foreign investment
An Iranian daily has taken a closer look at Iran’s capital market and its dire need for absorbing foreign investment in the post-sanctions era.
Windmill: Original Iranian Experience of Industrial Structure
The widespread availability of wind has made it possible for Iranians in desert areas to use the windmills.
Tehran in Talks with Moscow to Purchase Sukhoi Superjet 100
The vice-president for science and technology has said that Iran and Russia are to sign a deal to boost mutual cooperation in various areas of science and technology.
Iran, China discuss construction of nuclear plants
During the meeting, the two sides stressed the implementation and execution of the Joint Comprehensive Plan of Action (JCPOA) reached between Iran and the P5+1.
Iran plans $50 billion energy investment
Water and electricity projects worth $50 billion have been defined and sent to President Rouhani for presentation to domestic and foreign investors, said Chitchian.
Iranian industry chief makes appealing offers to foreign investors at Expo Milano 2015
Nematzadeh said Iran stands ready to establish cooperation with foreigners in the fields of tourism and large- or small-scale production.
Iran, Azerbaijan plan to establish joint bank
The minister of communications and information technology has said that a number of Iran's private banks are interested in entering Azerbaijan's banking market.
Two Iranian banks to start operating in UK soon: CBI head
The CBI governor has said that Iran and Britain seek to exchange banking delegations in order to pave the way for cooperation between Iranian and British banks.
India eyes LNG imports from Iran’s Chabahar Port
Iran has offered a proposed rate of $2.95 for each million British thermal unit of LNG that it plans to sell to India in the future, said the Indian union transport and shipping minister.
Iranian exports to EU up 14% in six months
Experts expect that Iran's trade with the world, especially the European countries, will rise remarkably after the final nuclear deal between Tehran and P5+1 takes effect.
Iran nuclear deal to boost Tehran-Moscow trade ties: Official
Trade turnover between Russia and Iran could significantly rise after the Iran nuclear deal is ratified, said Asgaroladi.
Iran to resume carpet exports to US: Official
The termination of general and direct sanctions against Iran will have a major impact on the increase of carpet experts to the US, Hamid Kargar said.
Iran gets first ever associated gas offer
The deal with the French company would cut Iran’s flaring of the associated gas in the offshore Persian Gulf fields by one-fourth.
Europe, US may invest in Iran glass industry
Iran’s gas manufacturing industry has caught the eye of many foreign investors after the nuclear accord but we have to wait and see what happens to the outcome of the talks, said the head of the Iranian Glass and Crystal Producers Association.
Iran’s economy grows if and when helped by the younger generation
The head of Tehran Chamber of Commerce warns of a new class of rich people who were born under the previous government, saying they can become the bane of Iran’s economy.
Iran warns Greek airline to remove Tel Aviv from Tehran office’s destinations list
In a written warning, the Civil Aviation Organization cautioned Greece's Aegean Airline to remove the fake name of Tel Aviv from its online sales system, said Rahimi.
Iran exported $60 million worth of carpets in 4 months
The Iranian hand-woven carpets have been exported to 80 countries, said the head of the National Carpet Center.
Iran says draft of Iraq gas deal ready
Iran and Iraq are expected to sign the agreement within two weeks and exports of natural gas from Iran to Iraq will start accordingly, said Azizollah Ramezani.
