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

US automakers can invest in Iran: Deputy industry minister

Emad Askarieh -
The deputy trade minister has said that the US import ban only applies to consumer products and should not be generalized to other areas.
Economy

Iran: Sanctions to be lifted in ‘next few days’

Emad Askarieh -
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
Economy

Iran seals banking deal with France

Golrokh Askarieh -
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.
Economy

Three European carmakers to return to Iran soon

Golrokh Askarieh -
Iran is also in talks with Italian and Japanese carmakers for cooperation but an agreement has yet to be reached, Nematzadeh said.
Energy

Iran, India mulling $4.5bn undersea gas pipeline

Emad Askarieh -
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.
Economy

Iran calls on Sweden to restore ranking of Iranian banks to prior level

Golrokh Askarieh -
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.
Economy

Iran, South Korea to launch shipbuilding JV

Golrokh Askarieh -
The venture will be established between Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Hyundai.
Economy

Zanganeh: No permission required to boost Iran oil output

Golrokh Askarieh -
Iran has officially announced that it will increase production by 500,000 barrels a day immediately after sanctions have been lifted.
Economy

Fiat in talks for car manufacturing in Iran

Golrokh Askarieh -
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.
Energy

‘International firms ready to accept Iran Petroleum Contract’

Golrokh Askarieh -
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.
Economy

Italy is a reliable partner for investment in and transfer of technology to Iran

Emad Askarieh -
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.
Energy

President Rouhani welcomes participants in GECF summit (PHOTOS)

Fatemeh Askarieh -
Among others, presidents of Bolivia, Russia, Equatorial Guinea, Nigeria, Venezuela, Iraq and Turkmenistan attended the summit of Gas Exporting Countries Forum (GECF).
Energy

GECF urges cooperation over market issues

Golrokh Askarieh -
The GECF declaration also highlighted the need for member states to work together over the security of natural gas supplies to the markets worldwide.
Energy

Heads of state arrive in Tehran for GECF summit (PHOTOS)

Fatemeh Askarieh -
Presidents of Bolivia, Russia, Equatorial Guinea, Nigeria, Venezuela, Iraq and Turkmenistan are among foreign dignitaries who have arrived in Tehran.
Economy

Iran, Turkmenistan sign 9 memorandums of understanding

Golrokh Askarieh -
The agreements cover cooperation in areas such as health, mail service, media, power transfer, sports, transportation and housing.
Economy

Adeli again picked as GECF secretary-general

Golrokh Askarieh -
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.
Economy

Frankfurt hosts a conference on investment in Iran

Emad Askarieh -
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.
Energy

Nine heads of state to attend Tehran gas summit: Oil minister

Emad Askarieh -
Bijan Namdar Zanganeh said that member of the Gas Exporting Countries Forum are mature enough to have cooperation in tandem with competition.
Agriculture

Farmers clearing once brimful water canals (PHOTOS)

Golrokh Askarieh -
The tradition has not drifted into oblivion, the region has been in the grip of an 18-year dry spell though.
Economy

Iran to buy shares of African banks

Golrokh Askarieh -
Afkhami-Rad has unveiled plans for establishing joint funds and commercial chambers with African states as well as an increase in the number of Iranian commercial attachés in Africa.
Economy

Germans clinch Iran’s biggest solar projects

Golrokh Askarieh -
Under the agreement, Germany will build several solar farms in Tehran, Tabriz and Isfahan as Iran embraces clean energy, Ali Barband said.
Economy

Iran signs landmark $6 billion power deal

Emad Askarieh -
The agreement between the Ministry of Energy and the foreign firm envisages developing gas-powered plants for 3,250 MW and wind farms for 1,000 MW of electricity, Nobakht said.
Industry

Peugeot says ready to transfer modern technology to Iran

Emad Askarieh -
Peugeot says it is willing to cooperate with post-sanctions Iran and help its automotive industry to manufacture better vehicles.
Economy

Major Bavaria trade team visiting Iran

Emad Askarieh -
Bavaria’s minister for economic affairs has described Iran as a very attractive and profitable market for European enterprises.
Economy

Iran to invest in New Development Bank

Emad Askarieh -
A deputy economy minister has said that efforts to develop Iran-Brazil ties have gained momentum and that the two countries have inked deals on customs, double taxation and joint ventures.
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