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

Foreign gain with Iranian pain

Emad Askarieh -
Importers of Iranian products prefer to buy goods in bulk and have them packed to sell them to other countries to make huge profits leaving Iranian producers no share of the profits.
Economy

Nahavandian consults with Turkish envoy on preferential tariffs

Emad Askarieh -
Iran’s economy should be competitive to progress and in doing so private sectors of the two countries should feel balanced benefits.
Industry

Top MP: Iran is growing at a fast pace

Emad Askarieh -
Parliament Speaker Ali Larijani has said Iran is growing rapidly, but it needs to give momentum to its production sector to move forward even faster.
Energy

Tehran ready to ink regional convention on power plant safety: Iran nuclear chief

Emad Askarieh -
Iran is ready to create a regional safety convention for the supervision of the regional countries' power plant operations, said Salehi.
Energy

Pakistan will honor undertaking to lay gas pipelines on its side

Emad Askarieh -
Islamabad has said that it will fulfill its undertaking to lay gas pipelines on Pakistan soil, adding that gas imports from Iran will begin as of late 2016 or early 2017.
Energy

Iran starts laying new gasline to Iraq

Emad Askarieh -
The construction of the first pipeline which goes to Baghdad is almost complete and is to start carrying gas to the country by May, 2015.
Economy

Iranian oil exports to Asian states jump by nearly 20% in 2014

Emad Askarieh -
December oil imports into Asia rose 22.1 percent over last year to 1.21 million barrels per day, the highest since May.
Energy

Iran has signed a contract to buy FPSO vessel

Emad Askarieh -
Based on the contract signed of late, a floating vessel is to be used in the South Pars Gas field to exploit oil layers.
Economy

Iran parliamentary committee cuts National Development Fund’s share of oil

Emad Askarieh -
The share of National Development Fund of Iran from oil revenues has decreased to 20 percent from a previous 26 percent.
Economy

State oil ownership is in contradiction with democracy

Emad Askarieh -
Farhad Nili, the director of the Monetary and Banking Research Institute, has said that an economy without oil can be envisioned for Iran.
Economy

Individual actions have no place in the world

Emad Askarieh -
The Chairman of the Expediency Council has said in a message to an International Brand Strategy Conference that Iran’s dignity is closely interwoven with the quality products it makes at home or sends abroad.
Energy

Enemy cannot prolong its pump war

Emad Askarieh -
Justice Minister Mostafa Pourmohammadi has said that Iran has managed to undo the destructive effects of the Western-imposed sanctions.
Hard News

Iranian and French car giants sign auto deal

Emad Askarieh -
The two cars would be available on the market late this year (started on March 21, 2014) or early next year.
Economy

Sliding crude prices at the expense of alternative energies

Emad Askarieh -
Mohsen Renani, a university professor, says he does not buy arguments that Saudi Arabia has refused to reduce its output only to undermine Russia, Syria and Iran.
Economy

Iran, China ties strategic: Velayati

Emad Askarieh -
Iran is keen to boost ties with China and views its relations with Beijing as strategic, said Ali Akbar Velayati.
Translated by IFP

German no-frills airline to launch direct flights to Iran

Emad Askarieh -
German budget airlines Germania will have twice-a-week direct flights from Berlin and Dusseldorf to Tehran, in addition to a once-a-week direct flight from Hamburg to Mashhad.
Economy

Tumbling oil prices have opened up an opportunity for Iran

Emad Askarieh -
Economy Minister Ali Tayyebnia has said that government is trying to turn the threat posed by falling oil prices into an opportunity for the country.
Economy

Iran to enforce preferential tariff with Kazakhstan, Eurasia

Emad Askarieh -
Underscoring Iran’s determination to expand ties with Kazakhstan, the head of the Trade Development Organization voiced Tehran readiness to clear any hurdle.
Energy

Iran to double renewable energy capacity, official

Emad Askarieh -
The Iranian government says it plans to double the capacity of wind and solar power generation across the country.
Asia

Iranians won’t forget China’s cooperation over the years

Emad Askarieh -
The secretary of the Expediency Council says that Iran and China can make joint investment in Iraq if China fully cooperates with Iran.
Industry

Iran looks to invest more in mineral extraction: Official

Emad Askarieh -
Iran’s mining officials say Iranians – no matter where they live – and foreigners can invest in the country’s mining sector.
Americas

Common enemies use oil as political tool: Leader to Maduro

Emad Askarieh -
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says enemies are using oil as a political tool to exert pressure on oil exporting countries.
Americas

Aligned OPEC members can stabilize oil prices: Iran

Emad Askarieh -
Iranian President Hassan Rouhani says collective efforts by OPEC member states can help stabilize global crude prices at a desirable level in 2015.
Economy

Italian Companies Eyeing Investment in Iran

Emad Askarieh -
We did not expect to see the Iranian people and companies in such welfare and comfort: rather we thought that the sanctions have paralyzed the life and economy of Iran, said Silvano Pascuno.
Energy

Iran, OPEC states pursuing sliding crude prices

Emad Askarieh -
Oil Minister Bijan Namdar Zanganeh has said that Iran and its fellow OPEC members are pursuing the issue of plummeting crude prices.
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