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 “Women of the Sanctions Era” campaign composed of successful women entrepreneurs has recently gone viral on social media networks in Iran as the country is grappling with the “toughest sanctions ever” imposed by the US.
Chief of the Dubai Ports Authorities, DP World, Sultan Ahmed Bin Sulayem recently paid a visit to Kazakhstan, investing in new infrastructure projects in the Caspian Sea ports and logistics sector of the Central Asian state.
Iranian Minister of Economic Affairs and Finance has called for expansion of mutual ties between Iran and China in all areas within the One Belt, One Road Initiative.
Iran and Syria have signed at least 18 deals as part of a larger plan to expand their trade ties amid the US unilateral sanctions on the Islamic Republic.
Iranian President Hassan Rouhani and his Iraqi counterpart Barham Salih have called for expansion of bilateral ties between the two neighbouring states in line with the interest of both nations.
Iranian President Hassan Rouhani, who is currently on a historic visit to Iraq, says Tehran and Baghdad can easily raise their mutual trade to 20 billion dollars a year.
Iranian President Hassan Rouhani says the Chabahar Port in southeastern Iran, which is being developed by Indian investors, is a symbol of cooperation between Tehran and New Delhi.
Azerbaijani Foreign Minister Elmar Mammadyarov has called for further expansion of mutual cooperation between Tehran and Baku, saying his country does not see any obstacle to promotion of relations with Iran.
While the US companies have doubled their trade volume with Iran, Washington continues to ban the European Union firms from doing business with the country, said a senior German official.
Member states of the International North-South Transport Corridor (INSTC) have agreed to increase the capacity of the special transport route, said Iran’s Minister of Roads and Urban Development Mohammad Eslami.
Iranian Foreign Ministry Spokesman Bahram Qassemi says adoption of the standards set by the Financial Action Task Force (FATF) is not expected to remove all economic problems of Iran but failing to adopt them will hamper the country’s trade exchange with the outside world.
Iran’s Deputy Foreign Minister Abbas Araqchi called on Europe to adopt practical measures for saving the 2015 Iran nuclear deal and intensify efforts to implement INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Iran.
If the Islamic Republic is to continue its trade exchanges with the outside world amid the harsh sanctions imposed on the country, it needs some specific work tools, one of which is the Financial Action Task Force (FATF), says Hossein Gharibi, an assistant to Iran’s foreign minister.
Iran’s deputy agriculture minister says the country’s warehouses are full of food stuff and the market has no problem in terms of food supplies despite the US sanctions.
An Iranian official said the country’s nuclear power plant near the southern port city of Bushehr has been shut down for periodic maintenance and fuel reloading, and will be reconnected to the national grid in a couple of weeks.
Iran's Guardian Council Spokesman Abbas Kadkhodaei says the council is not afraid of any referendum on Iran’s adoption of Palermo Convention and the Convention against Financing of Terrorism (CFT).
A conference on investment in, and the development of the Iranian port city of Chabahar was recently held in Iran, bringing together investors and authorities from 35 countries.
There are indications that Europe does not really intend to ease the pressure of Washington’s sanctions on Iran despite establishing a special purpose vehicle named INSTEX, a conservative Iranian daily has argued.
An Iranian researcher says during a project in a knowledge-based firm inside Iran, when challenged by the US sanctions, she and her colleagues launched new attempts and managed to produce the raw material they needed domestically and press ahead with their project.
