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.
A group of Iranian scientists has managed to produce a new oxygen-absorbing pad for food packages that can help reduce food waste and consequently improve food security.
Iran’s Parliament speaker says two parliamentary bills required for Iran’s accession to the global anti-money laundering body FATF have been unanimously ratified by the Parliament after being rejected by the Guardian Council, and will soon be put to vote at the country’s Expediency Council.
Chinese Foreign Minister Wang Yi says his country will continue its normal economic cooperation with the Islamic Republic of Iran despite the US’ sanctions on Tehran.
The Iranian Foreign Ministry has released a statement to answer a number of frequently asked questions and concerns regarding the Islamic Republic of Iran’s engagement with the Financial Action Task Force (FATF).
Iranian minister of petroleum has welcomed OPEC's decision effectively rebuffing President Donald Trump’s calls for a hike in oil output, saying US dream to zero Iran's oil exports would not realize.
Iran’s envoy to the Organization of Petroleum Exporting Countries (OPEC) says the oil prices may go down as US President Donald Trump wants only if he keeps quiet and stop posting tweets.
Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.
An official at Iran’s agriculture ministry says the production of sugar in the country has been increased, and the Islamic Republic has managed to save $540 million this year by decreasing sugar imports.
Media reports show that people of Iraq, and also other neighbours of Iran, are flocking to border markets of the Islamic Republic amid the historic devaluation of rial, turning basic commodities into rare goods for local residents.
Japanese Prime Minister Shinzo Abe is planning to hold talks with Iranian President Hassan Rouhani later this month in New York following the reinstatement of sanctions against the Middle Eastern country by the United States, a Japanese government source said.
Tehran's Sweets and Chocolate Exhibition, the biggest of its kind in the Middle East, is open to visitors at the permanent fairground of the Iranian capital.
A Turkish business official says Iran and Turkey could move to create a joint bank to facilitate economic cooperation, saying it would help the two countries achieve a $30 billion target for bilateral trade.
Apple’s latest flagship iPhone series, XR and XS, have been put up for pre-order in Iran, but the prices are so astronomical that only the super rich can afford them!
A report by the Iranian government says the US state and treasury departments, along with the country’s intelligence bodies, have started concerted efforts to manipulate Iran’s currency market.
Iran says it will file a complaint against the Italian-French aircraft manufacturer ATR for not remaining committed to its obligations under its contract with the Islamic Republic.
Mahmoud Vaezi, the chief of staff of Iranian President Hassan Rouhani, says Tehran and Ashgabat are seeking to upgrade the value of their mutual economic relations to $60 billion.
Russian Deputy Foreign Minister Sergei Ryabkov said he believes it is not possible for the “unrealistic” US to bring down Iran’s oil export to zero, as Washington is almost isolated internationally on this particular issue.
Turkmenistan’s President Gurbanguly Berdimuhamedow says his country is fully prepared to expand its mutual ties with its southern neighbour, the Islamic Republic of Iran, in all areas, especially in business.
The first tripartite meeting of Iran, Afghanistan, and India was held on September 11, 2018 at the level of deputy foreign ministers in the Afghan capital of Kabul.
The world’s largest commercial turboprop maker ATR is in talks with alternative buyers for seven remaining aircraft which it has to deliver to Iran under a $536 million deal, the company’s Italian shareholder Leonardo says.
A senior security official says the US strategy of using sanctions to force the Iranian people to cave into its demands will lead nowhere, just as the former Iraqi dictator Saddam Hussein failed to impose his will on Iran during the 1980s Iran-Iraq war.
The city of Lalejin in Iran’s Hamadan province is globally known for its pottery, and this has helped the World Craft City to decrease its unemployment rate to almost zero.
The governor of Iran’s Central Bank Abdolnasser Hemmati says the foreign exchange offices are now allowed to import foreign currency notes to the country.
