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.
Iranian Minister of Roads and Urban Development Rostam Ghassemi says Iran and Turkmenistan have agreed to improve relations in the fields of transport, energy and trade.
The National Iranian Oil Company (NIOC) will focus on developing oilfields near the Iraqi border. Tehran needs $11 billion to develop four oilfields which will add some 1 million barrels per day to the country’s total crude output.
Iran’s National Union of Beekeepers says the decision by the Ministry of Agriculture Jihad, in the previous administration, to remove regulatory standards for production of honey led to a halt in the exports of the Iranian product.
Iran’s ambassador to Armenia says the toll imposed by the Azerbaijan Republic on Iranian trucks, travelling through Nagorno Karabakh, goes against the three-sided truce agreement among Moscow, Yerevan and Baku that ended last year’s conflict in the region.
An Iranian international affairs analyst has called for a return to the talks for the revival of the nuclear deal, saying “whether we get our desired result or not, we should know that sanctions will not be removed without negotiations.”
The CEO of South Pars Gas Complex Company says investments made in South Pars are close to $80 billion. Hadi Hashemzadeh Farhang said all the investments, done amid US sanctions, have been turned into assets for the National Iranian Gas Company and the necessary resources have been provided for the proper maintenance of these facilities.
Kazakhstan’s ambassador to Tehran has described Iran as a powerful economy, saying the Islamic Republic’s membership in the Shanghai Cooperation Organization will be helpful to body’s members and to their trade exchanges and cooperation.
A group of 160 Iranian lawmakers, in a letter, have called for government planning and active economic diplomacy to make the most out of the Islamic Republic’s membership in the Shanghai Cooperation Organization.
The Organization of Industry, Mine and Trade in Iran’s Northern Khorasan Province says the provincial exports grew by more than 250 percent to 72.4 million dollars in the first half of the year, compared to the same period the previous year.
The Office for Economic Studies of the Iranian Parliament’s Research Center has issued a report examining China’s "Belt and Road Initiative" and its trade cooperation opportunities for the Islamic Republic.
The Republic of Azerbaijan has reportedly released two Iranian truck drivers it detained in September, suggesting the bordering countries are trying to reduce tensions and avoid a possible conflict over critical transit routes and the Zionist regime’s presence in the region.
