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.
Iranian Oil Minister Mohsen Paknejad has stated that the Islamic Republic is planning to invest up to $120 billion in petroleum projects as the country seeks to increase its oil and gas production to respond to a rising demand for energy.
An Iranian official has stated that a move by Ukraine, Canada, the UK, and Switzerland to refer the case of the Ukrainian plane crash over Tehran's sky to the council of the International Civil Aviation Organization (ICAO) lacks legal justification.
The value of Iran's foreign trade with the Eurasian Economic Union (EAEU) countries reached $2.7bn billion from the start of the Persian year (beginning on March 20, 2024), according to Foroud Asgari, the head of Iran's Customs Administration.
The head of Iran's Export Confederation, has stressed the critical importance of Iran joining the Financial Action Task Force (FATF) for the development and strengthening of foreign trade.
A member of the Motalefeh Party in Iran has said the country needs to reconsider its views regarding the acceptance of the FATF (Financial Action Task Force) regulations that are aimed at fighting money laundering at an international level.
The first private oil dock in South Pars, located in Kangan, southern Iranian province of Bushehr, has commenced operations with the successful fueling of a Bangladeshi ship.
Innovators from an Iranian knowledge-based company have successfully produced advanced polymer manufacturing devices, which have received purchase orders from Tajikistan, Kazakhstan, Iraq, and Turkey.
Iran’s oil exports rebounded sharply in the second half of December after a slump reported earlier in the month, according to an announcement by a major international tanker tracking service.
Iran’s President Masoud Pezeshkian emphasized that resolving the country’s economic challenges is impossible without the active involvement of the private sector.
Iran expects a major boom in trade ties with member states of the Eurasian Economic Union (EAEU) after Tehran gained observer status in the bloc and just months before the two sides enter into a free trade agreement.
Iranian steel producers have achieved a production milestone of 28 million tons of crude steel in the past 11 months, marking a 0.5% increase compared to the same period last year.
The Incheh Borun Free Zone Customs in northern Iran was inaugurated on Friday with the presence of several officials, including Secretary of the Supreme Council of Free Trade, Industrial, and Special Economic Zones, Reza Masroor.
Iran has reached a new milestone in gas production, with a daily output of 865 million cubic meters of sweet gas, surpassing the ministry of petroleum's commitment of 845 million cubic meters.
For the first time in Iran's aviation history, a flight carrying an all-female crew and 110 prominent Iranian women landed at Mashhad International Airport, northeastern Iran.
Iranian President Masoud Pezeshkian has highlighted the necessity of establishing financial mechanisms to enhance trade among D-8 member states to advance the organization’s goals.
The spokesperson for the Iranian Civil Aviation Organization, countering rumors, has confirmed that Iran's airspace is open and that there are no flight restrictions in place.
Data by a major tanker tracking service revealed that Iran’s oil exports to China hit four-month low amid a rise in domestic demand for energy as well as regional tensions that affected the transport and removed customers from the market.
Several Iranian officials, including the government spokesperson, ministers and deputy ministers, and the head of the Environmental Protection Organization, have joined the Two Degrees Less initiative, proposed by President Massoud Pezeshkian to prevent gas pressure drops, power outages, and air pollution during the winter.
As a growing number of Iranian economic leaders stress the importance of joining the Financial Action Task Force (FATF) to enhance the country's global trade share, the head of the country’s Chamber of Commerce has stressed, adding that integrating with FATF would significantly benefit Iran's economy and improve international relations.
The Gas Exporting Countries Forum (GECF) has expressed alarm about Israeli attacks against Iran in recent months, warning that such moves pose serious risks to global energy chain.
Iran has announced a significant increase in the number of weekly flights to the southern island of Abu Musa in the Persian Gulf amidst ongoing tensions with the United Arab Emirates (UAE) over territorial claims.
