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.
Iran’s Parliament Speaker Mohammad Baqer Qalibaf has called on the Iraqi government and parliament to take initiatives aimed at countering US sanctions that have made it difficult for Baghdad to repay its debts to Tehran.
The US has confiscated Iranian oil on a tanker at sea in recent days, three sources have confirned. It comes days later Iran seized an oil-laden tanker in retaliation, according to a maritime security firm.
Syrian President Bashar al-Assad has stressed the need for further promoting economic cooperation with Tehran, as he hosted Iran’s Minister of Road and Urban Development Mehrdad Bazrpash and his accompanying delegation in the capital Damascus.
Head of Iran’s Chamber of Commerce, Industries and Mines has reportedly sent a letter to the chairman of the Federation of Saudi Chambers of Commerce, declaring the full readiness of the Iranian private sector to exchange commercial and economic delegations in areas of mutual interest and to hold joint trade exhibitions.
Iran’s minister of industry, mines and trade says Tehran and Riyadh have started their trade ties after their recent agreement to normalize relations, adding the two neighbors have kicked off trade exchanges.
Three European Union (EU) countries have imported oil from Iran in 2022 despite US sanctions that impose penalties on governments and entities involved in energy trade with Tehran.
The Iranian and Venezuelan oil ministers have signed new agreements for broader cooperation in the energy sector, in the face of the draconian economic sanctions imposed on both countries by the US.
The Chinese ambassador to Tehran says the sales of Iranian oil to China is on track “without any problem,” despite the harsh US sanctions in place against the Islamic Republic’s energy sector.
Iranian Oil Minister Javad Owji is in Caracas, exploring ways of "strengthening relations and cooperation in the field of energy" between Iran and Venezuela.
The Chinese ambassador to Iran says the de-dollarization process, which has been gathering pace on the international stage, is the outcome of America’s use of its national currency as a tool to exert economic pressure on others.
Saudi oil giant Aramco will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels per day, several sources with knowledge of the matter said on Monday.
Iran’s security chief praises growing economic cooperation with Russia in the face of Western sanctions, saying international efforts to diminish the role of the US dollar in financial transactions have gathered pace.
The head of the Iran-China Chamber of Commerce says the current Persian year of 1402 (starting on March 21) will be better for the expansion of ties between Tehran and Beijing.
Iran's Minister of Roads and Urban Development says Iran and Iraq have made a final decision to start the construction of the Shalamcheh-Basra railroad project between the two countries, which was pending for many years.
A senior Bahraini parliamentary official says Tehran and Manama are set to resume direct flights in the near future, amid a thaw in troubled ties between the two sides.
Iran has launched the first section of the second phases of a major project for development and stabilization of capacity at its Abadan refinery in the country's south.
The secretary of Iran’s Supreme National Security Council (SNSC) is set to visit Iraq for talks on ways to remove the obstacles to economic cooperation between the two neighbors.
