Business

Tehran, Baku Reach Deal on Reconstruction of Liberated Azeri Towns

Iran's economy minister and the Azerbaijan Republic's first deputy prime minister have signed memoranda of understanding on mutual cooperation in various areas.

India Sends First Shipment of Cargo Handling Equipment to Chabahar

Iran’s southeastern port city of Chabahar has received the first shipment of strategic port terminal handling equipment from an Indian contractor involved in the development of the port.

INSTEX Failed Because Europeans Weren’t Brave Enough: Iran

The Central Bank of Iran (CBI) says the European financial mechanism known as the Instrument in Support of Trade Exchanges (INSTEX) has failed to fulfill its objectives.

Iran Inaugurates 60 Projects in Its Free Trade, Industrial Zones

Iranian President Hassan Rouhani has officially inaugurated 60 projects in the country’s free trade-industrial and special economic zones.

Iran, Pakistan Discuss Closer Trade Cooperation

Iran and Pakistan have agreed to forge closer trade relations and boost mutual cooperation with the conclusion of new agreements.

Tehran Furious at Seoul’s Offer of Selling Iran Ambulances in Return for Frozen Assets  

Tehran has been angered by Seoul’s offer to sell ambulances to Iran in exchange for billions of Iranian assets frozen in South Korea.

International Water, Electricity Exhibitions Kick Off in Tehran

Iranian Minister of Energy Reza Ardakanian has inaugurated the 20th edition of Iran International Water and Waste Water Exhibition (WATEX 2021) and the 16th Iran International Electricity Exhibition (IEE 2021) in Tehran.

Iran, Iraq Resolved to Meet $20 Billion Trade Target: Energy Minister

Iranian Energy Minister Reza Ardakanian has highlighted Tehran and Baghdad’s determination to raise the value of annual trade exchanges to $20 billion, pointing to the major role that the private sectors and a joint investment fund could play in working towards that goal.

Iran‌ Says Won’t Remain Indifferent toward South Korea’s Seizure of Its Assets

Iranian Central Bank Governor Abdolnasser Hemmati has urged Seoul to adopt “independent” behaviour toward Iran’s financial resources in that country.

Iran to Produce Electric Engines for Vehicles

The Science and Technology Department of the Iranian President’s Office and the Tehran Municipality have signed a memorandum of understanding (MoU) on advanced transportation and designing a platform to electrify vehicles.

Iranian Company Develops Advanced Air Pollution Monitoring Devices

An Iranian knowledge-based company has manufactured advanced devices for flue gas analysis, emission and particulate matter measurement, and air purification.

Iran to Hold Annual Electricity, Water Exhibitions in Coming Days

The 20th edition of Iran International Water and Waste Water Exhibition (WATEX 2021) and the 16th Iran International Electricity Exhibition (IEE 2021) will be held in Tehran within the next few days.

President Rouhani Highlights Efforts to Facilitate Investment in Iran

Iranian President Hassan Rouhani has highlighted his administration’s strategy to facilitate investment activities to neutralize the US sanctions and achieve the resistance economy goals.

Some $9.2 Billion in Iranian Funds Frozen at South Korean banks: Yonhap

An estimated 10 trillion won ($9.2 billion) in Iranian funds is currently frozen at South Korean banks under US sanctions.

Iran’s Oil Revenues Must Be Invested in High-Tech Industries: Rouhani

The Iranian president has called for more investment in the country’s high-tech industries, including the nanotechnology sector.

‘Iraq to Pay for Energy Imports from Iran in Euros to Mitigate US Bans’

The Iranian energy minister says Iran and Iraq have reached an agreement under which Baghdad will pay for Iran’s energy sales to Iraq in euros in a bid to mitigate the problems caused by the US sanctions.

Iran’s Energy Minister in Iraq to Discuss Gas Flow Cut

Iranian Energy Minister Reza Ardakanian has discussed Tehran-Baghdad cooperation in separate meetings with senior Iraqi officials.

Iran, Armenia Discuss Closer Business Ties

Iranian Foreign Minister Mohammad Javad Zarif and his Armenian counterpart Ara Ayvazyan have discussed the latest developments in Armenia as well as bilateral and regional cooperation.

Iran, India to Hold Virtual B2B Meetings to Boost Mutual Trade

Iranian and Indian high-tech companies are to hold virtual business-to-business (B2B) meetings in order to boost mutual cooperation in the fields of trade and technology.

Tehran, Yerevan Discuss Natural Gas-Electricity Barter Deal

Iran and Armenia have discussed exports of natural gas as well as the extension of a natural gas-electricity barter agreement.

Iran, Iraq Delineate Roadmap for Five-Year Cooperation: Minister

Iran’s Minister of Cooperatives, Labour and Social Welfare Mohammad Shariatmadari says Tehran and Baghdad have delineated a joint five-year cooperation road map.

Rouhani Says Iran Can’t Trust American ‘Robbers’

President Hassan Rouhani says Iran cannot trust Americans when it comes to the transfer of money to purchase coronavirus vaccines as they are notorious for "stealing" Iran's funds.

In Pictures: Christmas and New Year Shopping in Tehran

Shopping gains huge popularity among Iranian people from all religions and walks of life on Christmas and ahead of the new Christian Year.

Iran Opens Major Petrochemical Projects amid Sanctions

Iran has inaugurated five major petrochemical projects as part of its routine weekly program to put into service national projects across the country.

Iran Says Payment Problem for Buying COVID-19 Vaccine Resolved

The governor of the Central Bank of Iran says the problem of procuring the coronavirus vaccine has been solved.

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