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

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.
Economy

Nobakht: Iran to face no budget deficit even if oil prices drop further

Emad Askarieh -
The government is going to spend more economically if its anticipated oil revenues for next year’s budget bill are not materialized.
Economy

Tokyo’s banking channels at Tehran’s disposal

Emad Askarieh -
Seyyed Abbas Araghchi, a deputy Iranian foreign minister, talks about Tehran-Tokyo ties in the wake of the Geneva interim deal.
Energy

Falling crude prices unable to push Iran to soften tone

Emad Askarieh -
The Iranian oil chief has said that plummeting oil prices will not make the country change its steadfast positions and stances.
Energy

Oil price manipulation, too risky a gamble

Emad Askarieh -
An Iranian energy expert says Saudi Arabia’s deliberate manipulation of oil prices and its overproduction are to blame for the sharp pains the glutted market feels.
Economy

2015, year of economic boom for Iran: IMF

Emad Askarieh -
The IMF has projected a 2.2% real GDP growth for the Islamic Republic of Iran in 2015.
Industry

Ninety thousand tons of ore extracted from Khomein Gold Mine

Emad Askarieh -
Adoption of an industrial process for gold processing will turn Khomein into a hub for production of precious metals.
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