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.
Iran’s foreign ministry has condemned the US sanctions against the Iranian bank chief, saying that the government and Central Bank of Iran reserve the right to adopt all legal and political solutions to counter the US Treasury Department’s move.
Mohammad Javad Larijani, a senior and influential politician, says the Iranian government must prepare itself for a full-scale economic war waged by the US.
A political commentator says Washington’s pullout from the Iran nuclear deal and re-imposing sanctions were basically aimed at cutting back Tehran’s influence in the Middle East.
Informed sources say European carmakers like Peugeot, Citroen and Renault will continue their operation in Iran despite the upcoming re-imposition of US sanctions.
EU Commissioner for Energy and Climate Miguel Arias Canete says Iran and the EU will form a joint working group to address challenges confronting Iran’s oil trade.
Europe is seeking to open up a banking channel to allow conduction of transactions with Iran, as part of measures to protect European companies doing business in Iran against Washington’s move to re-impose anti-Tehran sanctions, an Iranian official said.
The sixth edition of the Strawberry Festival was recently held in Golestan province in northeastern Iran, giving the farmers and their families an opportunity to celebrate their spring harvest and pray for a more fruitful year.
In a project financed by France, Iran has established the largest blood bag manufacturing factory in the Middle East, creating at least 200 new jobs, said the Director General of Iran Blood Transfusion Organization.
The British consortium Pergas has signed the first international oil contract with Iran after US President Donald Trump unilaterally withdrew the US from the Iran nuclear deal.
Iranian Oil Minister Bijan Zanganeh says if French energy giant Total decides to exit the Iran South Pars 11 (SP11) gas field development, a Chinese company is ready to replace it.
As part of its plans to control the ongoing crisis in the country’s forex market, the Iranian government has restricted the amount of foreign currency allocated to Iranian tourists travelling abroad.
Iranian President Hassan Rouhani called for the implementation of bilateral agreements with Turkmenistan, voicing Iran’s readiness to carry out road construction projects in the neighboring country and supply it with technical and engineering services.
The central bank of Iran dismissed concerns about the negative consequences of the US withdrawal from the 2015 nuclear deal, saying it has already devised plans to prevent any harm to the country’s banking system and to satisfy demands for hard currency.
Iranian Foreign Minister Mohammad Javad Zarif says Iran and Georgia must boost their bilateral relations in all areas, particularly in the economic field.
Iran and the American cigarette and tobacco manufacturing company Philip Morris have finally signed a Memorandum of Understanding on official imports and the joint production of Marlboro cigarettes in Iran.
Before the season of planting rice in Gilan Province, northern Iran, people hold football matches in muddy farms to prepare for a new agricultural season.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has hailed Iranian producers and workers for their being able to produce high-quality products despite international pressure and sanctions on the Islamic Republic of Iran.
While Iranian officials maintain that it is unlikely the Turkmenistan–Afghanistan–Pakistan–India (TAPI) pipeline project becomes operational, Saudi Arabia has pledged to provide its investment and Taliban militants vowed to secure it.
