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.
Expert: First 10 months of current year was ‘inflation peak’ in Iran
An economic expert highlights a significant rise in Iran’s inflation under President Ebrahim Raisi, saying the first 10 months of the current Persian calendar year marked the peak of the country’s inflation in over seven decades.
Minister: Iran oil revenues up 40 percent, sets record in gas production
Iran’s oil minister says the country’s oil revenues have increased by 40 percent in the past 10 months compared to the same period last year.
Official: Iran non-oil exports rose by 17.66 percent to $45.3bn in ten months to January
Iran’s Customs Administration says the ten month exports of non-oil products in the country has hit 45.3 billion dollars, which is a 17.66 percent rise in terms of value compared to the same period of the previous year.
Uzbek president urges road map for economic cooperation with Iran
Uzbekistan’s President Shavkat Mirziyoyev has called for the formation of a joint committee by the Foreign Ministries of Iran and Uzbekistan in order to draw up a road map for economic cooperation between the two countries.
US says to mount pressure on China to stop importing Iran oil
The US envoy on Iran says Washington will increase pressure on China to cease imports of Iranian oil. China is Iran’s biggest oil customer, according to reports.
Cold spell causes gas shortage in some Iranian cities
Natural gas shortage and outages have caused troubles for citizens in parts of Iran amid a persisting cold snap in the country.
Shamkhani: Iran-Russia economic cooperation part of strategic agreements
Secretary of the Supreme National Security Council of Iran Rear Admiral Ali Shamkhani has underlined the need to speed up the implementation of joint economic projects with Russia, which were earlier agreed by the presidents of the two countries.
Iran oil exports end 2022 at a high despite sanctions
Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite US sanctions, according to companies that track the flows.
High-ranking Iranian economic delegation in UAE
A delegation of the Islamic Republic of Iran headed by Deputy Foreign Minister for Economic Diplomacy Mehdi Safari is in the United Arab Emirates to explore ways of boosting bilateral economic ties.
Iran ‘resumes exports to Saudi Arabia’ amid diplomatic process
An Iranian economic expert says the country has resumed sales to Saudi Arabia despite troubled ties between the two neighbors, with the value of exports to kingdom having reached around $15 million in seven months.
Center at Iran’s Economy Ministry says no plans to join FATF
A center at Iran’s Ministry of Economic Affairs and Finance says there are no plans for the country to join the Financial Action Task Force, or FATF, the global organization that fights money laundering.
First direct shipping line from China to Iranian port city of Chabahar
The first ocean liner from China has docked in Chabahar Port in southern Iran.
Iran pursuing border diplomacy with Pakistan, Afghanistan: Interior minister
The Iranian interior minister highlights the strategic significance of the country’s southeastern frontiers, saying the Tehran administration is pursuing an agenda to promote border diplomacy with neighboring Pakistan and Afghanistan.
Iranian ambassador to Muscat: 73% rise in mutual trade
Iran’s Ambssador to Oman has said trade between the two countries has increased by 73 percent.
Iran sends 4th ship carrying domestically-made goods to Venezuela
Iran dispatches a ship to Venezuela carrying a cargo of domestically-made goods as part of Tehran’s policy of promoting non-oil products in the international market.
Iranian daily slams rising prices: Govt. officials incapable of running affairs
An outspoken Iranian daily criticizes a dramatic rise in prices and a drop in the value of the national currency, saying the economic shock shows the administration’s managers are unable to run the country’s affairs.
‘Value of Iran-Russia trade exceeded $4bn in first 10 months of 2022’
A senior Russian customs official says the value of Iran-Russia trade surpassed $4 billion in the first 10 months of 2022, with the amount exceeding the figures recorded throughout entire 2021.
‘Value of Iran’s sales of oil products reached $6bn in eight months’
The head of the Iranian Parliament’s Program and Budget Commission says the value of Iran’s exports of oil products reached 6 billion dollars over the past eight months, despite the draconian US sanctions in place against the country’s energy sector.
Iran Air reports 60% surge in int’l flights
A senior official with Iran’s transportation ministry said the country’s flag carrier Iran Air has increased the number of its international flights by 60% in the calendar year to late March.
German political party says Berlin should buy gas from Iran
To meet its energy needs, Germany should negotiate with Iran on gas supplies, according to the leader of the far-right Alternative for Germany (AfD) party, Tino Chrupalla.
US bans preventing Iran from paying dues to OPEC: Oil minister
Iranian Oil Minister Javad Owji says US sanctions have prevented Iran form paying its dues to the Organization of Petroleum Exporting Countries (OPEC).
Oil ministers of Iran, Venezuela discuss closer energy cooperation
The oil ministers of Iran and Venezuela hold talks on ways to further expand bilateral energy cooperation, despite the tough American sanctions against both oil-producing nations.
Statistics: Over 3 million lost jobs or left Iranian labor market in one year
Figures show more than three million people in Iran have either lost their employment or left the labor market in the country over the past year.
Official: Huge rise in number of trucks passing Iran-Turkmenistan border crossing
Turkmenistan’s trucks have started their traffic across the border with Iran after a 3-year hiatus due to the Covid pandemic.
Iran’s oil exports continue despite US sanctions: Raisi
Iranian President Ebrahim Raisi has stated that the enemy wanted to interrupt Iran’s trade with sanctions, but the country's oil and non-oil exports did not halt for a moment.