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.
The Iranian president says the national pipeline project launched on Thursday to carry oil as an alternative route for the Strait of Hormuz serves as an important message to those that have imposed sanctions on the country.
Iran’s President Hassan Rouhani has called for rapid implementation of the deals with its eastern neighbour Pakistan to enhance economic and trade relations between Tehran and Islamabad.
The Iranian president says Iran is building a major pipeline to transferring oil from west of the Persian Gulf to its east, cutting dependence on Hormuz Strait for oil exports.
Iran’s defence minister says more than 70% of helicopter and airplane parts are currently produced inside the country even though Iran is not among the countries that manufacture aircraft.
Iranian President Hassan Rouhani says an international psychological warfare and an unrealistic anxiety among the people are the reasons for the recent fall in the value of Iran’s national currency, rial.
The Iranian government says local industralists have made the country self-sufficient in production of closed-cell aluminum foam following the US sanctions.
President of the Islamic Republic of Iran Hassan Rouhani says the outbreak of coronavirus has not brought economic activities in the country to a halt, describing the inauguration of new projects as a testimony to Iran’s unfaltering progress.
Iranian Petroleum Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar have discussed the ways to promote cooperation between the two neighbours in the oil industry.
President of Iran Hassan Rouhani says diplomatic and economic officials have launched a push to free the country’s foreign currency assets in the other countries in order to reduce susceptibility to any currency market volatility.
The spokesperson for the Iranian administration has called on South Korea to unblock the petrodollars it owes to Iran, currently frozen in the Korean banks.
Iranian Foreign Minister Mohammad Javad Zarif has called for efforts to restart the export of natural gas to Turkey after carrying out necessary repairs to the pipeline transferring gas to the neighboring country.
Technologists at one of the leading Iranian companies in the field of machine-made carpets are exporting antibacterial carpets to Austria, Germany and the United Kingdom, as well as a number of African and Asian countries.
Iranian President Hassan Rouhani has highlighted his administration’s efforts to deal with the economic consequences of the coronavirus outbreak, pointing to schemes to protect the livelihood of people and prevent price hikes.
The Trade Promotion Organization of Iran has denied reports carried by some media that trade relations between Iran and the United Arab Emirates (UAE) are going through a rough patch.
Iran says as long as Tehran and Caracas are determined to do business with each other, the mutual exchanges will definitely continue, and those who seek to disrupt the trade ties must know troubles can be created for them too.
TEHRAN (Tasnim) – Commander of the Islamic Revolution Guards Corps (IRGC) Major General Hossein Salami said Iran has exhibited its power by sending oil tankers to Venezuela.
Iranian Minister of Energy Reza Ardakanian says the Islamic Republic is the leading country in the region in terms of installed power generation capacity.
