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 rejects US media reports over unblocked assets in Qatar
Nour News, which is affiliated to Iran's Supreme National Security Council, has rejected a US media report that Tehran had been barred from accessing its $6 billion funds recently unfrozen and transferred to Qatari banks.
Putin says Iran discussing gas supplies with Russia
Tehran is discussing the possibility of Russian gas supplies with Moscow, Russian President Vladimir Putin has said at the plenary session of the Russian Energy Week.
Iranian Chamber of Commerce ready to set up joint chamber with Saudi ArabiaÂ
The head of Iran’s Chamber of Commerce tells the Iranian consulate general in Jeddah that Tehran is ready to participate in the infrastructure projects of Saudi Arabia such as ports, railways and roads.
Bombing threat forces Iranian airliner to land in Hamburg, Germany
The CEO of Iran's national flagship Iran Air says an unknown person sent an email to the German police, claiming that a bomb had been planted on a flight heading to Hambrug from Tehran.
Official: Iran’s non-oil exports hit 54.6 billion dollars
The head of the Customs Organization of Iran says the country’s non-oil exports hit 54.6 billion dollars in the first half of the Persian year of 1402, starting on March 21, 2023.
Iranian speaker: BRICS’ equivalent of SWIFT can replace US-owned money transfer systemÂ
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf says BRICS has its own money transfer system which can replace US-owned SWIFT. Â
Iran inaugurates power plant for industries in Isfahan’s Mobarakeh
Iranian President Ebrahim Raisi inaugurated a combined cycle power plant earlier on Friday in Isfahan’s Mobarakeh Steel Company as part of a larger plan to help industries generate the power they need and remove obstacles for production.
Iran, Pakistan agree to streamline border operations at Mirjaveh crossing
Iran and Pakistan have struck a deal to facilitate road transportation and border operations to ensure timely clearance of goods in order to increase the daily traffic movements through the shared Mirjaveh-Taftan border crossing at least four-fold.
Iran starts using newly-unblocked assets in Qatar
Tehran and Doha have agreed a mechanism that allows Iran to tap into funds recently unfrozen and deposited into bank accounts in Qatar as part of an agreement with the United States.
Iranian expert calls for resolving FATF-related concerns
An Iranian foreign policy expert says before pursuing India-Europe trade routes, Iran should resolve the issue of sanctions and addressing the FATF (Financial Action Task Force) concerns.
Iran Resumes flights to Azerbaijan and Armenia following peace agreement
The spokesperson for Iran's Civil Aviation Organization confirmed that flights between Iran and the Republic of Azerbaijan as well as Armenia have recommenced.
Persian Gulf Star Oil Company’s refining capacity rises to 455,000 barrels
Iran’s Persian Gulf Star Oil Company (PGSOC) in the southern Iranian port city of Bandar Abbas has increased its refining capacity from 36 thousand barrels at inauguration over six years ago to 455 thousand barrels, the company’s director said on Wednesday.
Saudi envoy calls for boosting petrochemical ties with Iran
The newly-appointed Saudi ambassador to Iran says the kingdom eyes expansion of petrochemical cooperation with Iran, according to the Iranian Oil Ministry.
Qatar confirms $6 bln in unblocked Iranian assets transferred to Doha
Qatar has confirmed that unfrozen Iranian funds worth $6 billion have been transferred to bank accounts in Doha, a source briefed on details of the matter told Reuters on Monday.
Iran stands firm on Arash gas field share in Persian Gulf
Iran’s oil minister, Mohammad Javad Owji reaffirmed Tehran’s commitment to its share in the Arash gas field in the Persian Gulf, vowing not to exceed the agreed-upon production levels.
Iranian VP urges G77+China members to join hands, tackle challenges through technology
Iranian Vice President for Science, Technology and Knowledge-based Economy Rouhollah Dehghani, who is in the Cuban capital Havana to take part in the G77+China Summit, called on the nations of the global south for further cooperation to move beyond selling raw materials and resources by shifting towards digital economy.
Tehran says capable of retaliating in kind against US over stealing Iranian oil cargo
Iran’s defense minister says the country is capable of acting in kind in response to the United States’ stealing of its crude oil.
US says Iran’s blocked funds to be transferred to Qatar ‘in coming days’
US State Department spokesperson Matthew Miller has stated that Iran's frozen assets will expectedly be transferred to the "final destination" in Qatar in the "coming days or so".
Iran oil prices rose by an average of $6.1 per barrel in August: OPEC
Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show Iranian oil prices rose by an average of $6.1 per barrel in August.
President Raisi says Iran has authority on released assets
Iranian President Ebrahim Raeisi has stressed Tehran’s full authority on its recently-unblocked funds, saying it is the Islamic Republic that decides how to spend the funds and that the money will be spent "wherever we need it."
US issues sanctions waiver to allow transfer of Iran’s frozen funds abroad
The Biden administration has issued a blanket waiver for international banks to transfer six billion dollars in blocked Iranian assets from South Korea to Qatar with no concern about Washington's sanctions.
Iran’s oil exports to China hit all-time record in August: Report
Iran’s exports of oil to China hit a historic record in August despite Washington pressure on Tehran, according to a report published in the local media citing data from a major international energy data company.
Russia’s largest lender launches new service in Iran
Russia’s largest lender Sber is offering a new service that allows its clients to transfer money to Iran, the bank announced on Thursday.
Saudi Arabia, Russia extend oil supply cuts
Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude exporters — announced they would extend output cuts by at least another three months.
Releasing Iran’s assets in South Korea opens new chapter in bilateral ties: FM
Iran's Foreign Minister Hossein Amirabdollahian has stated that a recent agreement reached to unblock the country’s frozen funds in South Korea will open a new chapter in the two country’s relations.