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 Petroleum Minister Bijan Namdar Zangeneh, who is visiting Moscow to discuss the latest developments in the global oil market, says it is still too early to talk about Tehran’s return to the market.
Iran has suspended flights to the United Kingdom for two weeks following reports that Britain has identified a new strain of COVID-19 which spreads more quickly.
Iran says the Instrument in Support of Trade Exchanges (INSTEX), the financial mechanism proposed by Europeans to enable Iran to get round US sanctions, has failed to prove itself effective in the past two years.
Iranian Minister of Roads and Urban Development Mohammad Eslami has unveiled plans for the opening of the third official border crossing with Pakistan in the near future.
Iran’s Minister of Petroleum Bijan Namdar Zangeneh will travel to Moscow on Sunday, December 20, for talks on the latest developments in the international oil market.
The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran has unveiled plans for the opening of the second border crossing with Pakistan on December 19.
Tehran has called on Ankara to find a way for Iran to tap into its assets with Turkish banks to purchase the commodities it needs directly from other countries through Turkish banks.
Spokesperson for the Iranian government has highlighted the country's success in handling the situation and protecting the economy from collapse under the pressure of sanctions although the economic war waged by the US has prevented Tehran’s access to $50 billion in assets.
Spokesman for the Iranian Administration Ali Rabiei says ratification of the remaining bills regarding the Financial Action Task Force requirements will take the country out of the FATF blacklist and help it have access to financial resources and avoid futile international challenges.
President Hassan Rouhani says Tehran will be selling up to 2.9 million barrels per day of oil in the next Iranian year if the sanctions are lifted, noting that the minimum daily crude sales will stand at 2.3 million barrels even if the sanctions remain in place.
Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved the administration’s proposal for the extension of a process that authorizes the Expediency Council to review the remaining bills prepared by the government to take Iran out of the Financial Action Task Force (FATF) blacklist.
The Iranian minister of roads and transportation says the newly-inaugurated railroad linking the Iranian city of Khaf to Herat in Afghanistan will boost the two countries’ economic status both in the region and in the world.
A senior Iranian official says the sky is the limit for Tehran when it comes to the enhancement of economic relations with other nations, especially neighbouring countries.
The project to connect the Iranian city of Khaf to Herat in Afghanistan via a rail link is part of Tehran’s efforts to expand its rail network and connect it to those of its neighbouring countries.
Abdolnasser Hemmati, the Governor of the Central Bank of Iran (CBI), says Iran has tried to purchase COVID-19 vaccine from other countries, but the US sanctions have prevented financial transactions for the sale.
