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 Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi says the US has shown some "flexibility" regarding the easing of Iran oil sanctions during a recent meeting with the French president.
Lock is much more than a piece of equipment for many Iranians, especially those in the south-western village of Chaleshtor whose ancestors have been the best lock makers in the country.
Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati highlighted the ineffectiveness of US sanctions against the Islamic Republic and said Washington has failed in its campaign of maximum pressure on Tehran.
Iranian President Hassan Rouhani has officially unveiled the indigenous 'Bavar-373' missile defence system, which is said to be an Iranian version of the Russian S-300.
Iranian President Hassan Rouhani has sent a single-urgent bill to the Parliament on the removal of four zeros from the country’s national currency, rial, and change the official currency to the more common one toman.
Iran’s Navy commander has voiced readiness for bringing the supertanker Adrian Darya back to home under naval escort after the government of Gibraltar released the Iranian vessel.
Iran’s ambassador to the UK has rejected claims that Tehran renamed a tanker planned to depart from the British overseas territory of Gibraltar, where it has been detained since last month, to avoid US sanctions, saying the move was in line with international maritime rules.
Iran is going to become fully self-sufficient in producing aircraft engines, Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri said.
The US Department of Justice (DOJ) has unveiled a warrant for the seizure of the Iran-operated Grace 1 supertanker a day after Gibraltar’s Supreme Court confirmed the release of the vessel.
The supertanker Grace-1 has been renamed to “Adrian Darya” and reflagged under the Iranian flag upon the ship owner’s request, a senior Iranian official said, as the vessel prepares to leave Gibraltar on Friday.
The Iranian supertanker Grace-1 seized in Gibraltar has been finally released after almost 40 days, apparently as a goodwill gesture by the UK to secure the release of the British oil tanker Stena Impero impounded in Iran.
Iranian officials say oil exports from the east of the Strait of Hormuz, where over 30 percent of the global seaborne oil traffic is handled, will be possible by early 2021 thanks to a major pipeline project which aims to pump crude to the eastern end of the waterway.
Iran's defence ministry has unveiled a series of domestically built military vehicles, which it says will diversify the country's arsenal after four decades of sanctions imposed by the US.
