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 first and foremost challenge for Iran’s newly elected reformist President Massoud Pezeshkian is to fall into steps with the directives of the Financial Action Task Force (FATF) watchdog in order to reap its economic interests, a newspaper argues.
In a forward-looking proposal, Governor of the Central Bank of Iran Mohammad Reza Farzin suggested the establishment of an institution akin to the Financial Action Task Force (FATF) among BRICS nations.
Iran’s caretaker President Mohammad Mokhber says the Shanghai Cooperating Organization (SCO) member states can carry out trade transactions faster and at a lower cost through the North-South Corridor and the southern ports of Iran.
Tehran has become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales, according to a report.
In a recent statement, Ali Akbar Salehi, Iran's former Head of the Atomic Energy Organization, emphasized that whoever assumes the Iranian presidency will certainly have to seek the advice of experts on Iran's decision to join the Financial Action Task Force (FATF).
Iran’s minister of energy says the country has experienced a leap in electricity production, citing a recently released report by Energy Institute (EI) on the surge in energy production in different countries.
A memorandum of understanding (MoU) signed between Tehran and Moscow on potential transfer of Russian gas to Iran would help boost bilateral ties and serve the interests of the two sides and the region, Acting Iranian President Mohammad Mokhber has stated.
Iran’s crude production increased by 1.4 million barrels per day during the late President Ebrahim Raisi’s administration despite over 600 new sanctions imposed by the West on exports, the country’s oil minister says.
Iranian President Ebrahim Raisi says the deep historical, cultural and religious relations between Iran and the neighboring Republic of Azerbaijan are unbreakable.
The Qiz Qalasi dam on the Aras River in northwestern Iran, tipped as the most important water project for Iran and the neighboring Republic of Azerbaijan, became operational on Sunday.
Iran’s minister of finance and economy says the exports by the country’s knowledge-based firms hit the $2.5bn mark last year on the Iranian calendar that ended on March 20, 2024.
Iran is pushing its policy to draw foreign investors in the oil sector by putting then on seven oil fields in the south of the country, the head of the National Iranian Oil Company (NIOC) says.
Pakistan’s Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar has reiterated that Islamabad will deter external interference when it comes to complying with the terms of a natural gas import contract with Tehran.
Mohammad Eslami, the head of the Atomic Energy Organization of Iran, announced that the construction of the first nuclear concreting island at the Karun site in southern Iran will commence in the fall.
The head of Iran's Chamber of Commerce says the trade volume between Iran and China is currently 30 billion dollars but the two countries have the potential to increase the figure to 50 billion dollars per year.
Iran’s Ham-Mihan newspaper says the country has experienced its highest inflation in 80 years during the administration of President Ebrahim Raisi’s tenure.
Iran’s Minister of Industries, Mines and Commerce Abbas Aliabadi says Iran has turned into a regional trade and industrial hub despite the Western sanctions.
