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 date harvest season has been kicked off in the hottest regions of Hormozgan province in southern Iran, and is slowly spreading across all southern regions.
A complicated plot hatched by the Foundation for Defence of Democracies (FDD) and the funds provided by the UAE and Saudi Arabia have been at work to decrease the value of the Turkish national currency, a media report claims.
Gemstone processing is a great area for investment, particularly in a resource-rich country like Iran. However, the country has a long way to go if it wants to use the untapped but profitable opportunity.
Iran’s Foreign Ministry Spokesman Bahram Qassemi says the country has lodged its strong protest with Georgia over the problems which some Iranian passengers faced at Tbilisi airport.
Tourists from Saudi Arabia and other regional countries are flocking to high-end shops in Turkey, as a historic plunge in the value of the country’s national currency has made prices extremely affordable for foreigners.
A number of Turkish citizens have broken their iPhones into pieces in response to a call by President Recep Tayyip Erdogan to boycott US electronics amid escalating tensions between Ankara and Washington.
Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has blamed the government for the ongoing economic crisis in the country, saying the internal factor has been much more effective than external ones like sanctions.
In response to a letter by Head of Iran's Judiciary Branch, seeking permission to take special measures in order to confront economic corruption, the Leader of the Islamic Revolution approved the request and called for “swift and just” legal action against economic corruption.
Iranian women are playing a growing role in various economic sectors, and have already strengthened their presence in industrial cities and complexes, working along with men and even outperforming them in such fields as labour, entrepreneurship and investment.
The Swiss government has promised to defend the economic interests of its companies that are active in Iran and would be targeted by renewed US sanctions, recommending that they go on with their business in the Islamic Republic.
An Iranian official has confirmed media reports that the Islamic Republic’s embassy in London has been allowed to reopen its bank account which had been closed for years due to the international sanctions.
Iran’s Parliament Speaker Ali Larijani says the snapback of US sanctions could be a good chance for renovating the Iranian economy, if the Iranian people decide to stand on their own feet and move to boost domestic production.
Abdolnasser Hemmati, the newly-appointed governor of Iran’s Central Bank, unveiled a package of measures to rein in the recent turbulence in foreign currency market in Iran.
The three-month closure of currency exchange offices in the holy city of Qom in central Iran has prompted many ordinary people and even foreign pilgrims to turn to the city’s streets to exchange their money and even earn a livelihood.
Iranian President Hassan Rouhani has decided to go to the Parliament to respond to the lawmakers’ questions about the Iranian economy, planning to use the opportunity to reveal “truths” behind the country’s conditions.
The spokesman for Iran’s IRGC confirmed on Sunday that Iranian forces have successfully staged a drill in Persian Gulf earlier this week, saying the maneuver was carried out as part of the IRGC’s annual schedule.
Five turboprop ATR planes purchased by Iran under a 2017 agreement landed in Tehran on Sunday, on the eve of the re-imposition of the first batch of US sanctions that will most probably block further plane deliveries.
Iran’s Foreign Minister Mohammad Javad Zarif and his Sri Lankan counterpart have conferred on expansion of bilateral ties between the two countries in various fields, especially in energy.
After several failed attempts, Iranian lawmakers for the first time mustered enough votes on Wednesday to summon President Hassan Rouhani to answer their questions in coming weeks over issues related to his handling of the country’s struggling economy.
Iran’s First Vice-President Es’haq Jahangiri says the new economic conditions in Iran will not continue and the government plans to introduce a new foreign currency package to deal with the situation.
