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.
Iran’s Oil Minister Mohsen Paknejad has announced a series of reforms aimed at facilitating private sector involvement and accelerating investment in the country’s oil and gas industry, as part of the administration’s broader energy development strategy.
Iran’s Ministry of Agriculture has strongly dismissed recent remarks by a member of Russia’s State Duma questioning the safety of Iranian watermelons, citing rigorous scientific testing and international standards compliance.
Direct flights between Iran and Saudi Arabia have officially resumed, marking a significant development in bilateral aviation ties after nearly a decade.
Iran's economy has entered uncharted territory as official data confirms the country is experiencing its longest continuous period of high inflation, with prices rising over 30% annually for seven consecutive years, Donya-ye Eghtesad economic paper reported on Saturday.
Farmers in Iran’s southern Khuzestan province have started harvesting wheat across 754,000 hectares of farmland, according to the provincial Agricultural Jihad Organization.
Iranian President Masoud Pezeshkian has stated that Tehran welcomes foreign investors and international traders to participate in economic activities and investment opportunities in the country.
Iran’s Minister of Petroleum, Mohsen Paknejad, announced the signing of four major contracts with Russian companies for the development of seven Iranian oilfields.
Iranian authorities have announced the definitive sentencing of those involved in a massive organized fuel smuggling case involving two foreign oil tankers.
The Iranian Financial Intelligence Unit (FIU) has officially launched two major digital platforms — SAMAM and SABA — aimed at increasing transparency, strengthening anti-money laundering (AML) and counter-terrorism financing (CTF) measures, and accelerating the analysis of suspicious financial transactions.
Iran and Iraq have signed a memorandum of understanding (MoU) to supply NGL 3100 feedstock to Dehloran Petrochemical Plant, in western Iranian border province of Ilam.
A train operating in the Iranian capital Tehran experienced a breakdown on Wednesday morning that forced passengers to walk approximately three kilometers along the rail tracks to reach the nearest station.
The oil ministers of Iraq and Iran signed several memoranda of cooperation to strengthen mutual collaboration during a meeting in the Iraqi capital Baghdad. Iraqi Oil Minister Hayan Abdel Ghani and his Iranian counterpart Mohsen Paknejad also explored future opportunities.
The Iranian currency market has experienced significant declines in exchange rates following indirect nuclear talks between Iran and the United States, described as "positive and constructive" by both parties.
Parviz Khan Customs in Iran’s western Kermanshah Province reported a remarkable performance in 2023, achieving exports valued at $996 million and totaling 2.878 million tons of goods to Iraq.
Iran's Executive Deputy President Jafar Ghaem-Panah has announced that former economy minister and senior economist, Ali Tayebnia, has been proposed as the main candidate for minister of economic affairs and finance.
Iran's power grid is under severe strain as a prolonged drought reduces hydropower generation while summer electricity demand reaches record levels, raising fears of widespread blackouts in coming months.
Iran's non-oil trade with Saudi Arabia skyrocketed by an unprecedented 6,483% in the past 12 months, marking the most dramatic growth among all neighboring countries as the former rivals continue to mend relations, according to official customs data released Friday.
Iran is losing between 20-28 million liters of fuel daily to smuggling operations, costing the country $140 million in potential export revenues each day, according to a member of Iran's Anti-Smuggling Headquarters.
Oil prices plunged Monday, with investors worried about the economic fallout from US President Donald Trump’s decision to impose massive tariffs on America’s trading partners.
Iran’s Consul General in Herat, Alireza Marhamati, announced that annual economic exchanges between Iran and Afghanistan through the Dogharoun border have surpassed $3 billion.
The CEO of Iran's South Pars Gas Complex says in the Persian year of 1403 (from March 20- 2024 to March 20, 2025), the complex injected over 196 billion cubic meters of natural gas into the national grid thanks to efforts by Iranian specialists at the thirteen refineries of South Pars Gas field in the Persian Gulf.
Iran has started production from the eighth well in Phase 11 of the South Pars gas field, in the Persian Gulf—the largest gas field in the world. The achievement was made possible through the efforts of Iranian experts
