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.
One of the biggest thrills of buying a new car is to know no one else has ever driven it and of course that new car smell. On the flip side, one of the biggest drawbacks is watching your vehicle's value plummet 5% to 10% each year.
A senior Iranian official says the world's largest copper tray has been built in Iran’s Zanjan province upon the order of the Emir of one of the Persian Gulf states.
Seven drones run by Yemeni armed forces have reportedly carried out attacks against vital Saudi facilities in response to the Riyadh regime’s ongoing acts of aggression against Yemeni people.
Iran's foreign minister has described the recent vessel explosions near the Emirati port city of Fujairah as ‘suspicious’, saying such moves in the Middle East are aimed at provoking tension in the region.
Iran's Foreign Ministry spokesman has rejected a report by Reuters regarding the country's condition for staying in the Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).
The US Principal Deputy Assistant Secretary of State for South and Central Asia Alice Wells says Washington has agreed with the request of Kabul to exempt Iran’s Chabahar port from the US sanctions, considering the significance of the strategic port city for the development of Afghanistan.
The United Arab Emirates’ Foreign Ministry has confirmed that a number of vessels have been targeted by “sabotage operations” near the territorial waters of the Emirati port of Fujairah.
The CEO of Iran Special Trade and Finance Institute (STFI) says Tehran has set up the mirror mechanism proportionate to the EU's INSTEX channel and now the ball is in the Europeans’ court to run the Instrument in Support of Trade Exchanges to protect trade with Tehran.
Pakistani Prime Minister Imran Khan says his country is keen to complete the construction of a much-delayed pipeline designed for receiving Iran’s natural gas, weeks after he paid a visit to the neighboring state.
The unveiling of a new system during the recent International Exchange, Bank and Insurance Fair (IRAN FINEX) in Tehran has aroused speculations that Iran might be planning to legalize Bitcoin as a legal currency in a bid to survive the new round of US bans.
Iran’s Ambassador to London says the US will grant waivers to Iraq for economic cooperation with the Islamic Republic if Baghdad signs an oil deal with the US.
Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo says it is not possible to exclude Iran from the oil market.
Iran’s special financial channel for trade with European countries under the US sanctions known as SATMA, and its European counterpart INSTEX are ready to do their first transaction in coordination with banks of the two sides.
Iranian Minister of Petroleum Bijan Zangeneh says a US bid to cut Iran’s oil exports to zero is a “pious hope,” warning countries using oil as a weapon about repercussions of further volatility in the global market.
South Korea’s Samsung Electronics has denied reports that it was withdrawing from the Iranian market in the face of US sanctions, London-based bne IntelliNews says.
