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.
The head of Iran’s Customs Organization says out of the total trade done in the first 9 months of this Persian year, 92.3 million tons worth $35.1 billion account for non-oil exports.
Iran’s minister of roads and urban development says the Islamic Republic has signed an agreement with Iraq to build a railroad linking Iran’s Shalamcheh to the Iraqi province of Basra.
Moscow’s ambassador to Tehran says the value of trade between Iran and Russia reached 3.6 billion dollars in 2021, up by 87 percent compared to last year, in spite of the COVID-19 pandemic.
A cargo train linking Pakistan to Iran and Turkey has entered Iranian soil from the eastern border, days after the freight train service was relaunched following a 10-year pause.
An Iranian legislator says the construction of a transit route that will directly connect Iran to neighboring Armenia is in a final stage and will be completed in the near future.
The Syrian transportation minister has discussed with a number of Iranian companies areas of closer cooperation in the domain of air and land transport.
The Iranian oil minister says the country’s natural gas swap with Turkmenistan, to help it export to the Azerbaijan Republic through Iran, will begin from the turn of the year.
Iran's Supreme Court has acquitted former Central Bank governor Valliollah Seif and his deputies who were convicted in October of squandering millions of dollars in public funds.
Iran’s Deputy Minister of Roads and Urban Development says the Islamic Republic welcomes Uzbekistan’s approach to using the capacity of the Iranian port city of Chabahar to develop trade and investment in Shahid Beheshti port, in southeast Iran.
Iran has put on display selected products of knowledge-based companies in different fields including oil, gas, petrochemical, and mining industries as well as advanced technologies.
The National Export Day of the solar year 1400 marked a good event for Iran’s technology and innovation ecosystem, and it was the selection of a knowledge-based company as the top exporter of the year.
Iran’s Vice President for Technological and Scientific Affairs Sorena Sattari has said domestic sanctions are a bigger obstacle than foreign bans, adding that each new license is a hurdle to the production, export and development of knowledge-based products.
The presidents of Iran and Turkmenistan have underlined the need to strengthen border cooperation and facilitate exchange of goods. Seyyed Ebrahim Raisi and Gurbanguly Berdimuhamedow also stressed the necessity of increasing trade cooperation in order to boost bilateral relations.
Iran’s government has been warned that the next year’s budget’s almost 73% increase in income from tax and customs duties push the economy to the brink of recession and puts further pressure on the livelihood of people.
Iran’s IRNA News Agency says under the country’s budget bill for the next fiscal year starting March 21, 2022, oil exports will be estimated at 1.2 million barrels per day.
Iranian President Seyyed Ebrahim Rasisi says the next year’s budget will concentrate on promoting production and jobs, calling for a focus on domestic potential.
