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 parliament has passed general outlines of President Hassan Rouhani’s new budget bill after initially rejecting it over concerns that the proposed cuts could hit vulnerable people the hardest.
Iran and China are making efforts to utilize the potential of the Silk Road to boost their trade cooperation and enhance ties with other countries located on the Road.
Iran’s Minister of Petroleum Bijan Zangeneh says Pakistan is not cooperating on the construction of a much-delayed pipeline to pump natural gas to the country.
The Iranian Parliament on Sunday disapproved the framework of the budget proposed by the Rouhani administration for the upcoming fiscal year (March 2018-19).
Iranian First Vice-President Es’haq Jahangiri says the value of Memoranda of Understanding signed between Tehran and foreign countries after the implementation of the Iran nuclear deal has surpassed $40 billion.
The Organisation for Economic Cooperation and Development (OECD) has upgraded Iran’s rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE), moving it up one notch from 6 to 5.
Police in Tehran have shut down several currency exchange shops and arrested a number of money changers suspected of being behind a recent turmoil in exchange rates.
Iran’s Leader has allowed the government to withdraw $4 billion from the National Development Fund to address a range of issues including the dust pollution engulfing the country’s southwestern provinces, a lawmaker said.
Mohammad Baqer Nobakht, the spokesman for the Iranian government, says the country's unemployment rate has decreased and economic growth rate has increased during the past Iranian fiscal year.
A document released on the website of the US Central Intelligence Agency shows that the Islamic Republic outstrips the United States in terms of reserves of foreign exchange and gold.
Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future.
Iran’s Minister of Industry, Mine and Trade Mohammad Shariatmadari says the Islamic Republic’s relations with Belarus is at a good level, but economic ties should be developed alongside political ones.
Iran’s President Hassan Rouhani and the Iraqi Kurdistan region’s Prime Minister Nechirvan Barzani have urged the private sectors of both sides to take part in mutual development projects.
Iran exported about $18.8 billion worth of industrial products in the seven months to Oct. 22, 2017, registering a 3.3% increase compared with the previous year’s corresponding period.
Iranian Foreign Minister Mohammad Javad Zarif and Speaker of the Senegalese Parliament Moustapha Niasse have called for expansion of bilateral ties, particularly in the field of agriculture.
Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi has offered apology to those whose jobs have been interrupted due to the recent “temporary” restrictions on certain social media.
president Hassan Rouhani said improving the economic situation of Iranians tops the agenda of his government, in an attempt to appeal to the public, which has grown increasingly critical of his economic performance.
Iran says it has received a request from China to establish a connection between Pakistan’s Gwadar port - which Chinese companies are developing - and Iran’s southeastern port of Chabahar.
Traditional sugar producing, which is based on planting and harvesting sugar canes and processing them to produce sugar, is among professions that are fading away in Iran.
