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.
UK government officials were in Tehran last week discussing legal ways to pay Britain’s historical £400m debt to Iran, the Iranian ambassador to London has said.
Iran’s Deputy Foreign Minister for Economic Diplomacy has said 3.5 billion dollars in frozen Iranian assets was recently unlocked.
Mehdi Safari noted that Iran has held positive talks with countries where Iranian assets are frozen.
A member of the Presiding Board of the Iranian Parliament’s Energy Commission said Iran's oil exports have increased significantly, citing reports from international institutions and oil tanker tracking companies.
A Russian trade official has described the north-south transit corridor, a major portion of which passes through Iran, as of vital significance for Tehran and Moscow.
Iran’s President Ebrahim Raisi has described relations with Venezuela as strategic during a phone conversation with the country’s president Nicolas Maduro.
An Iranian customs spokesman says after the normalization of the situation at the Malik border in Sistan and Baluchestan province, commercial activity has resumed at this crossing between Iran and Afghanistan.
Iran has lost hundreds of millions in annual revenues from exports of hand-woven carpets as a major businessman blame the huge loss on current exchange regulations and US sanctions.
The Iranian negotiating team led by Ali Bagheri Kani is in Vienna where talks are scheduled to be held on November 29, 2021 with the remaining signatories to the 2015 Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).
The CEO of the National Iranian Oil Company has said efforts are under way to restore Iran’s daily crude output to the pre-sanctions level, that is, 4 million barrels per day.
Iran says the International Court of Arbitration has found Bahrain guilty over confiscation of assets of two Iranian banks and ruled that Manama should pay more than 200 million euro in reparation to the Iranian financial institutions.
