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 CEO of Iran Special Trade and Finance Institute (STFI) says Tehran has set up the mirror mechanism proportionate to the EU's INSTEX channel and now the ball is in the Europeans’ court to run the Instrument in Support of Trade Exchanges to protect trade with Tehran.
Pakistani Prime Minister Imran Khan says his country is keen to complete the construction of a much-delayed pipeline designed for receiving Iran’s natural gas, weeks after he paid a visit to the neighboring state.
The unveiling of a new system during the recent International Exchange, Bank and Insurance Fair (IRAN FINEX) in Tehran has aroused speculations that Iran might be planning to legalize Bitcoin as a legal currency in a bid to survive the new round of US bans.
Iran’s Ambassador to London says the US will grant waivers to Iraq for economic cooperation with the Islamic Republic if Baghdad signs an oil deal with the US.
Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo says it is not possible to exclude Iran from the oil market.
Iran’s special financial channel for trade with European countries under the US sanctions known as SATMA, and its European counterpart INSTEX are ready to do their first transaction in coordination with banks of the two sides.
Iranian Minister of Petroleum Bijan Zangeneh says a US bid to cut Iran’s oil exports to zero is a “pious hope,” warning countries using oil as a weapon about repercussions of further volatility in the global market.
South Korea’s Samsung Electronics has denied reports that it was withdrawing from the Iranian market in the face of US sanctions, London-based bne IntelliNews says.
A senior Iranian cleric says he believes it would be religiously not permissible to use oil revenues to meet “current and development expenses” in the country.
An Iranian analyst says Iraq is now faced with a difficult choice between Iran and the US because the power balance it had created over the past years to establish ties with both sides is no longer feasible.
The first phase of Iran’s biggest water and land resources development project will be launched soon by President Hassan Rouhani in Kurdistan and Kermanshah provinces, west of the country.
Chief of Staff of the Iranian president says US President Donald Trump’s hostile measures against the Islamic Republic and the “maximum pressure” he is exerting on Iran will just increase the national unity of Iranian people.
The Iranian Foreign Ministry spokesman has condemned the Saudi and Bahraini governments' support for the US sanctions imposed on Iran's oil exports, saying the Islamic Republic will not allow any country to replace it in the petroleum market.
Iran’s Defence Minister says the inhumane goal of the American regime to cut Iran’s oil exports down to zero is not feasible, and the Islamic Republic of Iran preserves all rights to use defensive measures against the US economic terrorism.
Iraq is set to maintain and even increase its natural gas and electricity imports from Iran to meet the extreme summer demand, defying the US’ move to stop issuing sanctions waivers for the countries that import energy from Iran.
The United Nations Food and Agricultural Organization (FAO) has dispatched a delegation to Iran to discover the possible sources of the massive attack by desert locusts on parts of the country over the past days, said head of the Iranian Plant Protection Organization.
Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has downplayed the US’ refusal to renew sanctions waivers for the import of Iran’s crude oil, saying that the Islamic Republic will export petroleum as much as it wants.
