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 rial continued its upward spiral on Saturday, pushing more and more of ordinary people to sell the US dollars they had purchased to prevent their money from losing its value.
The Iranian capital Tehran is hosting an exhibition of organic food products a few days before the Yalda Night, the longest night of the year celebrated by Iranians across the world based on an ancient tradition.
Turkish President Recep Tayyip Erdogan has highlighted the need for further expansion of bilateral trade between Tehran and Ankara in the face of the US sanctions on the Islamic Republic.
Iranian Oil Minister Bijan Namdar Zanganeh deplored Pakistan’s inaction on completion of a gas pipeline under an agreement with Tehran, saying three foreign countries have put pressure on Pakistan to halt the project.
Conservative media in Iran have harshly criticized President Hassan Rouhani for implying that the costs of living will be increased by 20% without cooperation with foreign banks.
Iranian President Hassan Rouhani says the US has failed to negatively impact the Iranian economy by re-imposing its sanctions in November, as life has been made much easier for people since then.
A group of Iranian knowledge-based companies headed by the country’s Vice-President for Science and Technology Sorena Sattari have headed to South Africa to develop their ties with their African counterparts.
Iranian president says without adoption of the standards set by the Financial Action Task Force (FATF) and cooperation with foreign banks, chances will be lost and it will be 20% more costly to resolve the country’s economic problems.
Iranian President Hassan Rouhani says the US sustained another defeat after the member states of the Organization of the Petroleum Exporting Countries (OPEC) reached consensus on new cuts.
An Iranian official has rejected the unfounded claims that Indians have left the southeastern port city of Chabahar following the recent terrorist attack there, saying the investment projects are progressing as fast as possible.
Mohammad Baqer Nobakht, head of Iran’s Budget and Planning Organization, says the budget bill for the next Iranian calendar year that begins on 21 March 2019 has been submitted to the Parliament.
Members of the Organization of the Petroleum Exporting Countries (OPEC) on Friday agreed on a cut in their oil production level but exempted Iran from the reduction.
Head of the Atomic Energy Organization of Iran says Tehran hopes the Europeans would establish the Special Purpose Vehicle (SPV), the mechanism aimed at bypassing the US bans on Iran, by the end of December.
An Iranian official says the recent terrorist attack in the port city of Chabahar in southeastern Iran was plotted by the enemies of Iran which seek to hamper foreign investment in Iran’s Makran coasts.
The Iranian oil minister has lashed out at US special representative for Iran Brian Hook over his “meddlesome” meetings with members of the Organization of the Petroleum Exporting Countries in Vienna, asserting that OPEC is an independent body that does not take orders from the US.
Iran is dispatching skilled workers to Australia, Canada, Oman, Turkey and Denmark, and has established five support centres in these countries for the workforce, a top official said.
Iranian lawmakers have approved an amendment to a bill on Iran’s accession to the Combating the Financing of Terrorism (CFT) convention, which was earlier rejected by the Guardian Council.
The chairman of the Asia-Pacific region of International Co-operative Alliance (ICA) says the alliance is seeking to stand by Iran amid the unilateral sanctions imposed on the county and do whatever in its power to facilitate Iran’s trade ties with the outside world.
Iran’s Judiciary chief says countries such as Britain are indebted to Iran as they received money in return for weapons before the 1979 Islamic Revolution and must now repay the long overdue debts.
A group of Iranian researchers has developed water-repellent nano-paint which protects surfaces against erosion and destruction, and increases their lifespan.
Iranian President Hassan Rouhani has warned the United States that if the Islamic Republic is not allowed to export its crude oil, then no other country will be able to do so from the Persian Gulf.
Iran says Qatar’s decision to quit the Organization of the Petroleum Exporting Countries (OPEC) shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel that determines production cuts in order to help regulate prices.
After several weeks of violent protests across France, particularly those in Paris which turned the capital into a battle zone, President Emmanuel Macron finally buckled and announced his government will suspend a controversial fuel duty rise.
The system of grape production in the Iranian city of Malayer has been registered as the 53rd major item of the Globally Important Agricultural Heritage Systems (GIAHS), an Iranian lawmaker announced.
