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

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.
Energy

Iran to increase South Pars gas production by 100 mcm

Emad Askarieh -
Iran's oil minister has said that as promised before the country will increase its gas production from South Pars by 100 million cubic meters [per day] by yearend [March 2015].
Energy

Rafsanjani urges OPEC cooperation to prevent further drop in oil prices

Emad Askarieh -
Chairman of the Expediency Council Akbar Hashemi Rafsanjani has urged OPEC members to stand united and prevent further drop in oil prices.
Asia

Foreign direct investment in South Asia

IFP Editorial Staff -
Iran, the fifth country in the region in terms of foreign investment absorption, stands a good chance of attracting more capital from abroad.
Economy

Iran allots $15.2b to develop joint oilfields with Iraq

Emad Askarieh -
Iran has allocated USD 15.2 billon for the development of joint oilfields with neighboring Iraq as part of the Islamic Republic’s plans to increase its oil output.
Economy

12th joint commission with Belarus in March

Emad Askarieh -
Tehran is ready to promote cooperation with Minsk in areas such as standardization, bourse, exports of techno-engineering services and holding exhibitions and providing related services.
Economy

Iranian parliament Committee to study Iran-Pakistan gas project delay

Emad Askarieh -
An Iranian MP did not rule out the possibility of a contractual penalty delay on Pakistan after it failed to honor its obligations under a joint gas pipeline project with Iran.
Economy

Iran, Belarus set to boost economic ties amid West bans: VP

Emad Askarieh -
Tehran and Minsk enjoy growing relations in the political and economic sectors, but both sides must take more serious steps to further strengthen their economic ties, said Jahangiri.
Energy

Iran raises daily gas output by 70m cubic meters

Emad Askarieh -
Oil Minister Bijan Namdar Zanganeh has said that Iran's gas output has surpassed 70 million cubic meters and is estimated to reach 100 million by year-end.
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