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.
Saudi energy minister says his country would not be able to compensate for possible oil disappearance from global markets once the US re-imposes its sanctions against Iran.
The Iranian capital Tehran on Sunday hosted a national conference called “New Methods for Advancing Economic Diplomacy with Emphasis on Development Cooperation”.
The Austrian ambassador to Tehran says the European companies’ withdrawal from Iran over the US sanctions was temporary, and they are returning to the country under new names
At least 110 small and medium-sized European firms have expressed their readiness to establish cooperation with the Islamic Republic of Iran in various areas of oil industry, an Iranian official says.
Iranian Foreign Ministry Spokesman Bahram Qassemi has welcomed the Friday decision by the Financial Action Task Force to extend suspension of counter-measures against Iran, describing it as a diplomatic achievement for Iran in the face of widespread US efforts to restore Iran’s blacklist status.
An international group that sets standards on fighting money laundering and financing of terrorism announced it once again extends the deadline for Iran to complete reforms to meet conditions for getting out of the body’s black list, despite opposition by the US and a number of its allies.
Reports show that a significant portion of the capacity of flights from Iran to Iraq has been sold out in the days leading to the Arba’een ceremony, the world’s largest religious gathering which marks the fortieth day after the martyrdom of the third Shiite Imam Hussein ibn Ali (AS).
Catalysts, which are widely used in oil, petrochemical, automotive and pharmaceutical industries, are among the most important and strategic requirements for a country’s industrial development.
Iran’s Oil Minister Bijan Namdar Zanganeh says the US cannot stop the oil price rise and tackle the current shortage in the world’s oil market by bullying other oil producers.
Iran’s petroleum minister, in an unannounced visit to Moscow, reached a deal with the Russian energy minister on a 1-million-bpd increase in oil output through joint efforts.
The Iranian government has officially exempted all schools from paying water, power, and gas bills in a bid to decrease the money parents are required to pay in order to enroll their children.
Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei asked Iranian elites and experts for their consultative opinion on various aspects of the Islamic-Iranian Paradigm of Progress in order to upgrade the document which defines a roadmap for the next 50 years.
The Iranian capital of Tehran is to host the first edition of Silk Road festival as one of the largest international, cultural, artistic, tourist, economic, trade and scientific festivals in the world.
Iran's First Vice-President Es’haq Jahangiri says the Islamic Republic has found new customers for its crude oil after a number of its former clients stopped their purchases over fear of the US’ November sanctions.
The weekly markets of Gilan province in northern Iran have a long history as the first cities and towns of the province in the south of the Caspian Sea were formed based on weekly markets.
An Iranian reformist figure has recounted how Parliament Speaker Ali Larijani’s prudence rendered ineffective the scenarios orchestrated by radicals to prevent the ratification of the bill on Iran’s accession to the Combating the Financing of Terrorism (CFT) convention.
Ayatollah Seyyed Ali Khamenei , the Leader of Iran’s Islamic Revolution, has ordered top officials to take “decisive decisions” to handle key challenges facing the country’s economy, including a plunge in the value of national currency.
An Italian appeal court has rejected a lawsuit by the US that called for the seizure of $5 billion worth of Iranian assets in Italy, in a second win for Tehran in its legal battle against the US this month.
The British ambassador to Iran says the special mechanism the EU is working to create to facilitate trade with Iran can also be used by other countries, protecting Iran from efforts by the US to hamper its Asia and Europe trade.
