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.

Iran Suspends Flights to UK for 2 Weeks after Emergence of New Strain of...

Iran has suspended flights to the United Kingdom for two weeks following reports that Britain has identified a new strain of COVID-19 which spreads more quickly.

Iran Says INSTEX Must Prove Its Efficiency

Iran says the Instrument in Support of Trade Exchanges (INSTEX), the financial mechanism proposed by Europeans to enable Iran to get round US sanctions, has failed to prove itself effective in the past two years.

Iran, Pakistan to Open Third Border Crossing Soon: Minister

Iranian Minister of Roads and Urban Development Mohammad Eslami has unveiled plans for the opening of the third official border crossing with Pakistan in the near future.

Iranian Minister to Visit Russia for Talks on Oil Market

Iran’s Minister of Petroleum Bijan Namdar Zangeneh will travel to Moscow on Sunday, December 20, for talks on the latest developments in the international oil market.

Iran, Pakistan to Open New Border Crossing on Dec. 19

The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran has unveiled plans for the opening of the second border crossing with Pakistan on December 19.
Iran, Turkey Convene Transportation Commission

Iran Wants to Use its Assets with Turkish Banks to Buy Goods

Tehran has called on Ankara to find a way for Iran to tap into its assets with Turkish banks to purchase the commodities it needs directly from other countries through Turkish banks.

US Economic War Deprives Iran of $50 Billion in Assets: Spokesman

Spokesperson for the Iranian government has highlighted the country's success in handling the situation and protecting the economy from collapse under the pressure of sanctions although the economic war waged by the US has prevented Tehran’s access to $50 billion in assets.

Iran Signs Arms Export Contracts with Several Countries: DM

The Islamic Republic of Iran has signed contracts with a number of countries to export weapons, Defence Minister Brigadier General Amir Hatami says.
New US Sanctions Not to Affect Iran’s Activities: Spokesman

Ratification of FATF Bills Prerequisite for Iran’s Access to Financial Resources: Spokesman

Spokesman for the Iranian Administration Ali Rabiei says ratification of the remaining bills regarding the Financial Action Task Force requirements will take the country out of the FATF blacklist and help it have access to financial resources and avoid futile international challenges.

Iran Almost Self-Sufficient in Seed Production: Agriculture Minister

Minister of Agriculture Kazem Khavazi says Iran has achieved self-sufficiency in producing nearly all varieties of seeds.