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.
With discontent among Iranians over economic hardships on the rise and protests breaking out against the government over a plunge in people’s purchasing power, the performance of the Cabinet has come to the spotlight.
Iran’s First Vice-President Es’haq Jahangiri says Washington’s claim that it will reduce Iran’s oil sales to zero by November is impossible to come true.
The Financial Action Task Force says it has decided to continue the suspension of its counter-measures against Iran, but Tehran needs to enact amendments to its AML and CFT laws and ratify the Palermo and TF Conventions by October.
An Iranian oil official says removing Iran’s crude oil from the market is impossible after the US said it expected oil buyers to completely cut off purchases of Iranian supplies in early November.
The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has ordered the country’s Judiciary to take serious measures against those who disrupt the country’s economic security.
A huge number of parliamentarians sent an open letter to President Hassan Rouhani calling on him to immediately reshuffle his Cabinet to control a dramatic decline in the value of rial that has depressed markets in recent days.
The 11th edition of Tehran Nanotechnology Exhibition will be held from October 13 to 16, 2018, in the Iranian capital, putting on display the world’s latest achievements in the field of nanotechnology.
The Secretary general of the Islamic Society of Tehran Guilds and Bazaar says calm has returned to the Grand Bazaar of Tehran after a few hours of guild-related protests earlier today.
Iran’s Oil Minister Bijan Zanganeh says the member states of the Organization of the Petroleum Exporting Countries (OPEC) have unanimously decided to stick to their earlier agreement on oil output.
Governor of the Central Bank of Iran Valiollah Seif says Tehran is keen and prepared to launch a joint bank with Syria as part of its policy of expanding business ties with Damascus.
Iran’s petroleum minister says the country sees no need for the OPEC member states to boost their oil production, as Tehran believes the recent hike in global oil prices has its roots in political tensions and not any imbalance in the market.
The Islamic Republic of Iran Railways Company has signed a memorandum of understanding with Matisa, a Swiss railway firm, for the construction and repair of railway tracks and machines in Iran.
Iranian Oil Minister Bijan Zanganeh has called on the Organization of the Petroleum Exporting Countries to resist calls from Washington to change its output policies, saying that OPEC is not a subordinate of the White House.
Es’haq Jahangiri, Iran’s First Vice President, says the Islamic Republic will continue to stand by the Syrian government and nation during their reconstruction era.
France’s finance minister says Europe has to build independent financial institutions immunized from US penalties which are making business in Iran impossible for European companies.
Iran’s Minister of Sports and Youth Affairs Massoud Soltanifar has called on the Federation Internationale de Football Association (FIFA) to release the Islamic Republic’s frozen money as soon as possible.
