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.
A spokesperson for the British Prime Minister Boris Johnson’s office has revealed that the UK is weighing mechanisms to facilitate restoration of trade ties with Iran.
An Iranian daily says the administration of President Ebrahim Raisi has failed to make good on his promises to keep prices of basic commodities and products in check after removing the subsidies.
Iran’s Customs Administration says the country recorded a foreign trade of 25.5 billion dollars in the first three months of the current Persian calendar year that began on March 21.
Official data show the value of trade between Iran and Turkey increased by 38 percent to $2.1 billion in the first four months of 2022, up from $1.5 billion during the same period a year earlier.
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An Iranian passenger plane on route from Istanbul to Tehran has been reportedly forced to make an emergency landing in the northwestern city of Tabriz, after Turkey prevented the flight from refueling on its soil.
The Iranian capital, Tehran, is hosting the 29th edition of the International Exhibition of Food, Food Technology and Agriculture (Iran Agrofood 2022), which is the largest such event in the Middle East.
A report says Iran’s natural gas exports witnessed a 2-percent growth last year, despite the draconian sanctions imposed by the US on the Islamic Republic’s energy sector.
Iran’s Minister of Transport and Urban Development Rostam Ghassemi says transportation between the Islamic Republic and Turkmenistan has increased by 50 percent since the implementation of previous agreements and revision of tariffs.
Iraq’s Ministry of Electricity says it will settle its debts for 2020 gas purchases from Iran “within two days,” as part of measures to avoid a halt in the flow of much-needed gas into the Arab country.
The secretary of the Iranian Oil, Gas and Petrochemical Products Exporters Union has proposed replacement of Iraq with Turkey as the destination for Iranian natural gas exports.
The current trend of fuel consumption in Iran will leave the government with no choice but to import gasoline to meet domestic needs, an Iranian newspaper says.
The Iranian foreign ministry’s deputy for economic diplomacy has described relations with Russia as strategic calling for a focus on energy, trade and transit sectors to build on a surge in ties which he says saw a jump over the past months.
A group of home appliance shop owners hold a protest in downtown Tehran against a plan by the Iranian Ministry of Finance to levy tax on their banking transactions.
Dozens of Iranian economists, in an open letter addressed to the government, have expressed concern about the current social and economic situation in the country saying public worries about their livelihoods and businesses have reached a point of explosion.
Iran’s Mahan Air has dismissed reports that a plane belonging to the airline has been seized in Argentina, saying the plane in question is operated by Venezuela.
Iran’s police say they have arrested 31 principals pulling the string of futures foreign currency and gold trade, as the Iranian rial’s exchange rate against the US dollar hits historical lows, driving a gold price surge.
Iran has delivered another oil tanker to Venezuela during a ceremony in which the presidents of the two countries participated from Tehran via video conference. The delivery ceremony was held in the Persian Gulf.
Iran’s oil ministry says the government has managed to avoid imprest funding from the central bank in the first months of the Iranian calendar year (starting from March 21) for the first time in the past years, thanks to an increase in oil export revenues.
An Iranian delegation has traveled to Afghanistan’s eastern Khost Province for talks with Afghan officials to step up trade ties between the two neighboring countries.
