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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.

LG, Samsung Deny Leaving Iran over US Sanctions: Report

South Korea’s Samsung Electronics has denied reports that it was withdrawing from the Iranian market in the face of US sanctions, London-based bne IntelliNews says.

Iran to Continue Oil Exports despite US Sanction: Rouhani

Iran's President Hassan Rouhani says the country will not allow the United States to implement its decision to bring Iranian oil exports down to zero.

Iran to Build Mideast’s Biggest Power Plant in Central Province

Iran plans to construct a power plant in the central province of Markazi that would be the biggest in the Middle East in terms of generating electricity, a lawmaker announced.

Iranian Cleric Bans Use of Oil Income to Meet State Expenses

A senior Iranian cleric says he believes it would be religiously not permissible to use oil revenues to meet “current and development expenses” in the country.

‘Iraq in Limbo to Choose between Iran, US’

An Iranian analyst says Iraq is now faced with a difficult choice between Iran and the US because the power balance it had created over the past years to establish ties with both sides is no longer feasible.

Rouhani to Launch Largest Water Project in Western Iran

The first phase of Iran’s biggest water and land resources development project will be launched soon by President Hassan Rouhani in Kurdistan and Kermanshah provinces, west of the country.

Iran Denies Claim Its Cargo Ship Seized in Libya

Iran has dismissed African media reports that an Iranian cargo ship has been seized by the Libyan Government of National Accord over the US sanctions.

‘Trump’s Hostile Policies Boost Solidarity among Iranians’

Chief of Staff of the Iranian president says US President Donald Trump’s hostile measures against the Islamic Republic and the “maximum pressure” he is exerting on Iran will just increase the national unity of Iranian people.

Iran Says Not to Let Any Country Replace It in Oil Market

The Iranian Foreign Ministry spokesman has condemned the Saudi and Bahraini governments' support for the US sanctions imposed on Iran's oil exports, saying the Islamic Republic will not allow any country to replace it in the petroleum market.

US Plan to Cut Iran’s Oil Exports Down to Zero Not Feasible: DM

Iran’s Defence Minister says the inhumane goal of the American regime to cut Iran’s oil exports down to zero is not feasible, and the Islamic Republic of Iran preserves all rights to use defensive measures against the US economic terrorism.

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