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.
The Iranian interior minister highlights the strategic significance of the country’s southeastern frontiers, saying the Tehran administration is pursuing an agenda to promote border diplomacy with neighboring Pakistan and Afghanistan.
Iran dispatches a ship to Venezuela carrying a cargo of domestically-made goods as part of Tehran’s policy of promoting non-oil products in the international market.
An outspoken Iranian daily criticizes a dramatic rise in prices and a drop in the value of the national currency, saying the economic shock shows the administration’s managers are unable to run the country’s affairs.
A senior Russian customs official says the value of Iran-Russia trade surpassed $4 billion in the first 10 months of 2022, with the amount exceeding the figures recorded throughout entire 2021.
The head of the Iranian Parliament’s Program and Budget Commission says the value of Iran’s exports of oil products reached 6 billion dollars over the past eight months, despite the draconian US sanctions in place against the country’s energy sector.
A senior official with Iran’s transportation ministry said the country’s flag carrier Iran Air has increased the number of its international flights by 60% in the calendar year to late March.
To meet its energy needs, Germany should negotiate with Iran on gas supplies, according to the leader of the far-right Alternative for Germany (AfD) party, Tino Chrupalla.
Iranian Oil Minister Javad Owji says US sanctions have prevented Iran form paying its dues to the Organization of Petroleum Exporting Countries (OPEC).
The oil ministers of Iran and Venezuela hold talks on ways to further expand bilateral energy cooperation, despite the tough American sanctions against both oil-producing nations.
Iranian President Ebrahim Raisi has stated that the enemy wanted to interrupt Iran’s trade with sanctions, but the country's oil and non-oil exports did not halt for a moment.
An Iranian-flagged oil tanker confiscated by Greece six months ago off the Greek waters, has left for its pre-designated destination, the Iranian foreign ministry announced on Wednesday.
The naval forces of the Islamic Revolution Guards Corps (IRGC) have seized a foreign tanker in the Persian Gulf region for smuggling of 11 million liters of fuel.
Iran’s oil minister will head to Russia on Monday for the 16th joint economic commission of the two countries, with the finalization of the 40-billion-dollar memorandum of understanding in oil and gas sector topping the agenda of the visit.
The Nigerian ambassador to Tehran says Iran is planned to construct a refinery in his country as part of economic agreements signed with western African nations.
The Iranian private sector’s House of Industry and Mine says the cost of over a month of strict internet filtering in Iran due to protests and riots is far higher than the nearly $3bn announced by the Iranian chamber of commerce.
Iranian President Ebrahim Raisi says the Islamic Republic has recorded a significant growth in exports, including non-oil sales, despite all the economic sanctions and threats against the country.
Iranian Foreign Ministry Spokesman Nasser Kanaani announced the release of all the five Iranian crew members of the Venezuelan plane seized by Argentina last June.
