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.

Energy

Zanganeh denies Iran, Russia ‘oil bartering’

Emad Askarieh -
Iran's oil chief Bijan Namdar Zanganeh has ruled out reports that Tehran has signed a deal with Russia to barter oil for essential goods.
Energy

With oil prices in free fall, an OPEC extraordinary meeting is likely: Iranian oil minister

Emad Askarieh -
Consensus among all members will determine whether or not an extraordinary meeting of OPEC should be held in case global oil prices continue to drop, said the Iranian oil chief.
Economy

Iran, S. Africa eye $2 billion trade; a dream that can come true

Emad Askarieh -
It is not hard for Iran and South Africa to raise their non-oil trade to $2 billion if their business sectors earnestly get down to business.
Economy

Dependence of government’s public funds on oil should end: MP

Emad Askarieh -
Elias Naderan, a principlist MP, says government coffers rely on revenues generated by the government’s monopoly over oil industry and other natural resources.
Energy

Iran to unveil 40 great oil projects at London conference

Emad Askarieh -
The oil projects are mainly in connection with South Pars and West Karoun oil fields and could fetch $40 billion worth of investment.
Economy

Business as usual after 20 years; A German delegation is in Iran

Emad Askarieh -
A German trade delegation is in Tehran to talk business with Iranian officials and size up investment opportunities in the country.
Economy

Elecomp 2014 opens in Tehran

IFP Editorial Staff -
A four-day International Exhibition of Electronics, Computer and E-Commerce opens in Tehran.
Finance

Foreign investors interested in Iranian market

IFP Editorial Staff -
The head of Iran’s Chamber of Commerce, Industries and Mines has said that foreign investors show much interest in Iranian market, citing a growing number of business delegations visiting the country.
Economy

Central Bank chief expounds on new banking corruption case

IFP Editorial Staff -
The corruption occurred between 2006 and 2012. However, officials learned about it in 2013.
Asia

Whole region to benefit from Iran-Central Asia rail

Emad Askarieh -
President Hassan Rouhani says that the entire region will benefit from the Iran-Turkmenistan-Kazakhstan railway, adding it marks a new beginning for better interaction among regional nations.
Economy

Iran to release Persian Carpet Encyclopedia

Emad Askarieh -
The focus of Persian Carpet Encyclopedia is on designs, patterns and aesthetics, technical knowledge, management, economics and trade, history, geography and the styles of carpets.
Economy

Peugeot holding ‘intense’ talks to return to Iran

Emad Askarieh -
French car giant Peugeot eyes a comeback to Iran's lucrative market.
Industry

Iran hosts int’l auto parts exhibition

Emad Askarieh -
Nearly 800 Iranian and foreign companies have flocked to this year’s fair to display their latest products and achievements.
Economy

OPEC; the known unknowns

Emad Askarieh -
Shargh studies how the Iranian economy can effectively respond to an OPEC decision not to cut the production quotas of its members.
Economy

Economy should not be tied to the outcome of talks: Senior businessman

IFP Editorial Staff -
Asadollah Asgar-Oladi, a business magnate, says the Iranian economy has learned how to skirt the sanctions and its future should not be tied to the success of nuclear talks.
Economy

Non-OPEC members must participate in oil output cut

Emad Askarieh -
Oil Minister Bijan Namdar Zanganeh says it is not only up to OPEC to deal with growing market oversupplies, adding non-OPEC producers should to cooperate to limit oil production.
Economy

Bad luck often brings good luck

IFP Editorial Staff -
It’s a strategic miscalculation to assume that the lifting of sanctions will settle all of Iran's economic woes.
Finance

Iran, China agree to broaden cooperation in fight against terrorism, money laundering

Emad Askarieh -
Tehran and Beijing have agreed to join hands in the fight against corruption, terrorism, and money-laundering.
Transportation

Envoy Calls for Resumption of Direct Bishkek-Mashhad Flights

IFP Editorial Staff -
"There is no obstacle to the development of mutual cooperation between Iran and Kyrgyzstan," President Rouhani said in a meeting with Kyrgyzstan's ambassador to Tehran.
Hard News

Kish Air Show: Investment Opportunities

Emad Askarieh -
The 7th Biennial Kish Air Show which opened on November 18 is to offer opportunities to potential investors eager to be active in Iran’s aviation industry.
Energy

Iran to build hydroelectric power plant in Armenia

Emad Askarieh -
Under an MOU signed by Tehran and Yerevan, Iran is to be build a hydroelectric power plant in Armenia.
Economy

Iran’s non-oil exports rise 28 percent

Emad Askarieh -
Iran's non-oil exports in the first seven months of the year have brought in over $27 billion in revenues.
Economy

Iran’s economy is in for a big shock: Economist

Emad Askarieh -
An Iranian economist says a recent drop in oil prices will probably take a toll on Iran’s economy, complicating government efforts to draft a spending package.
Energy

Oil Minister: Iran has tools to minimize damage by drop in oil prices

Emad Askarieh -
Bijan Namdar Zanganeh says although Iran has been affected by a recent drop in oil prices, it does have the tools to cushion the damage.
Hard News

Iran inaugurates ME’s biggest gold-processing plant

Emad Askarieh -
Inauguration of a gold plant in the northwest is expected to double Iran's annual production of the precious metal.
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