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.
They say every dream begins with a dreamer. But dreams cannot be realized through miracles and magic. They take hard work, determination, and lots of sweat. This is the current state of Iran. What started as a dream in the summer of 2018 seems to have become a reality as the country just unveiled a state-backed cryptocurrency.
Last week’s announcement by European powers that they are to launch a financial mechanism for Iran-EU trade would not affect Iran’s approach on joining the Financial Action Task Force (FATF), two Iranian officials said.
Iranian Foreign Ministry Spokesman Bahram Qassemi says Tehran welcomes the EU’s announcement of its special financial mechanism for trade with Iran, but considers it as a first step that should be followed by quicker implementation of other commitments.
The European Union has announced a long overdue special mechanism, called INSTEX (Instrument for Supporting Trade Exchanges), aimed at facilitating trade with the Islamic Republic of Iran in the face of the US sanctions.
The US withdrawal from the 2015 Iran nuclear deal, for which Iran made lots of concessions, conjures up "bitter memories" that makes Iran undecided to give further concessions to anti-money laundering and terrorism laws, a former MP and political analyst said.
The first Indian cargo entered Chabahar’s Shahid Beheshti Port on Sunday, formally establishing shipping lines between India’s port and the strategic Iranian port.
The Japanese firm Cosmo Oil has become the latest Japanese refiner to start loading crude oil cargo from Iran, as Japanese Officials vow crude imports from Iran will be untouched despite US sanctions.
A senior Iranian official says if Iran does not join the Financial Action Task Force (FATF) that would mean the country will be deprived of selling oil, even to China.
An Iranian lawmaker says the EU decision to launch a special financial mechanism to keep trade ties with Iran despite US sanctions was not made in a good-faith gesture.
As Iran appears to have a difficult year ahead with the “harshest-ever” sanctions imposed by the Trump administration, the question that everyone is asking is can Tehran survive the US bans?
The speaker of Iran’s parliament said the US has failed to cut down to zero Iran’s oil trade, in a clear defeat for Donald Trump administration in its maximum pressure campaign against Tehran.
Hormozgan province in south of Iran these days provides most of the country's tomatoes, and the largest part is produced in Parsian county in the west of the country.
Iranian Foreign Ministry Spokesman Bahram Qassemi has described as hasty and unjustifiable the decision made by Germany to withdraw landing permission for Iran’s Mahan Air and said the move breaks the spirit of long-standing relations underway between Iran and Germany.
Governor of Central Bank of Iran says after China, South Korea, India and Turkey, Japan has begun the process of importing oil from the Islamic Republic.
The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.
Iranian Foreign Minister Mohammad Javad Zarif says Tehran and Baghdad can increase annual trade volume to 20 billion dollars and if the ground is prepared, the Islamic Republic is ready to proudly share its achievements in energy, engineering, agriculture and trade areas with the Iraq.
Iran’s deputy oil minister says every day 5 or 6 purchasers send their request to buy oil from Iran, but the names will not be revealed as the enemies may misuse that information.
The governor of Iran’s Central Bank says the US’ plan to organize an anti-Iran conference in Warsaw signals Washington’s frustration with its previous anti-Iran plots.
The escalating trade war between the US and China could in many ways benefit Iran, which has been a victim of US punitive measures just like China, a report published by Fararu news website reads.
