Business

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.

Zanganeh

Neither Saudis, nor Others Can Replace Iran’s Oil: Minister

Iran's Minister of Petroleum Bijan Zangeneh dismisses the rhetoric by the Saudi crown prince about Riyadh's capability to replace sanctions-hit Iranian oil, saying that the global market will never believe such claims.
FATF

Parliament Approves Iran’s CFT Accession

Iranian legislators have passed a bill that gives the government the green light to join an international convention on fighting the sponsoring of terrorism.

Recent Rise in Oil Prices Offsets US Sanctions: Iran

A senior Iranian official says the recent rise in oil prices has offset the impact of US sanctions on Iran’s oil exports, with the country’s oil revenues up 16 percent in the past six months.

Iran, Turkey Sign Three Agricultural MoUs

Iran and Turkey have signed two agreements on promotion of mutual cooperation in veterinary and one on the development of beekeeping industry.

Iran, Russia to Ditch US Dollar in Bilateral Trade

Governor of the Central Bank of Iran Abdolnasser Hemmati says Tehran and Moscow are seeking to carry out transactions using their national currencies, gradually ditching dollar and other currencies in their trade relations.

Number of Tourists Visiting Iran Increases by 50%

A senior Iranian official says the number of tourists who visited Iran in the first six months of the current Iranian year (started March 21) rose by 51 percent compared to the same period in the past year, and that cheap prices is expected to lure more tourists.

Leader: Iran Will Definitely Overcome US Sanctions

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says the country will definitely foil the enemy’s economic plot and overcome the sanctions through unity.

“Drop in Oil Prices Hinges on Removal of US Sanctions on Iran”

Iran’s oil minister has rejected US President Donald Trump’s remarks that OPEC is to blame for the rise in oil prices, urging Washington to stop trying to hamper Iran’s oil trade if it really wants a drop in global oil prices.

“What’s ISIS Doing within Three Miles of US Forces in Syria,” Iran Asks

A senior Iranian security official has rejected US objection that Iran’s firing of missiles on ISIS positions in Syria has endangered US troops in Syria, asking what they were doing within three miles of terrorists in the region.

Iranians Selling Their Greenbacks Overnight as Rial Regains Lost Value

Huge crowds of people are seen in viral photos and videos flocking to foreign currency markets on Monday night to sell their US dollars as its rate went on a downhill spiral and experienced a historic plunge of over 20 percent in a few hours.

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