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Iran Business News

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.

Heavy Explosions Reported in UAE’s Fujairah Port

Several heavy explosions have reportedly rocked the port city of Fujairah in the United Arab Emirates on Sunday, according to local media.
Steel

Iran Condemns US Ban on Its Metal Industry

The Iranian foreign ministry spokesman has strongly condemned the US regime's decision to impose sanctions on Iran's metal industry.

Imran Khan Says Pakistan Keen to Complete Iran Gas Pipeline

Pakistani Prime Minister Imran Khan says his country is keen to complete the construction of a much-delayed pipeline designed for receiving Iran’s natural gas, weeks after he paid a visit to the neighboring state.

Is Iran Planning to Recognize Bitcoin?

The unveiling of a new system during the recent International Exchange, Bank and Insurance Fair (IRAN FINEX) in Tehran has aroused speculations that Iran might be planning to legalize Bitcoin as a legal currency in a bid to survive the new round of US bans.

‘US to Issue Conditional Waivers for Iraq to Maintain Business with Iran’

Iran’s Ambassador to London says the US will grant waivers to Iraq for economic cooperation with the Islamic Republic if Baghdad signs an oil deal with the US.

Brazil Says Ready to Help Iran in Face of US Sanctions

The Brazilian ambassador to Iran says the US’ anti-Iran sanctions are cowardly and, if necessary, Tehran can count on Brazil in this regard.

US Seeking to Devaluate Iranian Currency: Rouhani

Iran’s president says the United States wants to have the Iranian currency devalued in order to achieve its illegitimate objectives.

US Trying to Get Its Hands on Venezuela’s Oil: Iran

Iran’s parliament speaker says the United States seeks to get its hands on Venezuela’s oil riches by creating instability in the country.

Impossible to Exclude Iran from Oil Market: OPEC

Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo says it is not possible to exclude Iran from the oil market.

Iran’s SATMA, EU’s INSTEX to Do First Transaction Soon

Iran’s special financial channel for trade with European countries under the US sanctions known as SATMA, and its European counterpart INSTEX are ready to do their first transaction in coordination with banks of the two sides.

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