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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

Iran’s economic woes predate sanctions: Larijani

Emad Askarieh -
Economic independence is not tantamount to slamming the doors shut to the world, said Iran’s Parliament Speaker Ali Larijani.
Hard News

Iran’s car sales up 32%

Emad Askarieh -
Saipa has announced a rise in its production and sales in 2014, saying that it has currently two plans in the works to defeat sanctions and increase sales.
Economy

WTO stresses support for Iran’s tourism industry

Emad Askarieh -
WTO Secretary-General Taleb D. Rifai has underlined that the World Tourism Organization is planning to help with promotion of tourism industry in Iran.
Energy

14 consortia ready to finance Iran-Iraq gas pipeline: Official

Emad Askarieh -
An Iranian energy official has said that 14 domestic consortia have voiced readiness to finance the construction of a pipeline that will transport Iran’s natural gas to Iraq.
Energy

Anti-Iran sanctions will be removed

Emad Askarieh -
The Iranian oil chief has said that the government and its nuclear negotiators have always been under the auspices of the Supreme Leader whose “expediencies and guidance” will help rid the country of sanctions.
Energy

Gas-sweetening solvents indigenized by Iranian researchers

Emad Askarieh -
Scientists at the Research Institute of Petroleum Industry in cooperation with the National Iranian Gas Company have indigenized solvents used in gas-sweetening units of refineries.
Energy

Iran launches world’s largest floating oil terminal in Persian Gulf

Emad Askarieh -
The 2.2-million-barrel floating oil storage unit (FSU) came on stream in Soroush oil region.
Economy

Iran ready to export technical services to Egypt: Deputy minister

Emad Askarieh -
Tehran-Cairo disputes have never been deep-rooted; both nations have a common stand on various regional and international matters, said Khazaei.
Hard News

Iran’s auto production up by over 60%

Emad Askarieh -
Iran’s auto industry has raised its production of motor vehicles by over 60% over the past 10 months, according to local reports.
Economy

IMF calls Iran 2nd biggest economy in ME, N. Africa, Central Asia

Emad Askarieh -
The International Monetary Fund has said in its latest report that Iran is the second biggest economy in the Middle East, North Africa, and Central Asia.
Economy

Iran seeks alternative ways to increase non-oil revenues

Emad Askarieh -
President Rouhani has said that Iran should invest more in new technologies and related areas to increase its non-oil revenues.
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.
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