August 13, 2018

Oman, Switzerland Offer to Mediate between Iran, US

Iranian Foreign Minister Mohammad Javad Zarif confirmed that the country has received messages from Switzerland and Oman offering mediation between Tehran and Washington, but that no talks are currently underway between Iran and the US. “Of course, there are some messages from other countries to mediate (between Iran and the US),” Zarif said in an […]
August 12, 2018

Iran-China trade up 10% in 6 months on year

TEHRAN- The value of trade between Iran and China rose 10.1 percent during the first half of 2018 and stood at $17 billion, Gao Feng, the spokesman for China’s Ministry of Commerce, told IRNA on Saturday.
August 12, 2018

Georgian ambassador calls for win-win trade with Iran

TEHRAN – Georgia’s ambassador in Tehran said his country is eager for a win-win trade with Iran, given the existing capacity to expand the economic cooperation between the two countries, IRNA reported on Saturday.
August 12, 2018

SME Iran 2018 to showcase capabilities of Iranian industries

TEHRAN –Over 1200 Iranian small and medium-sized enterprises (SMEs) are going to gather today at SME Iran 2018 exhibition to showcase their latest achievements and capabilities, Shata reported on Saturday.
August 12, 2018

Iran rises 2 places to become world’s 11th top steel producer: WSA

TEHRAN- According to the latest report released by the World Steel Association (WSA), Iran was ranked the 11th among the world’s largest crude steel producers in the first half of 2018, IRIB reported.
August 12, 2018

Infrastructure provided for trading cryptocurrency in stock exchange

TEHRAN- Required infrastructure is provided for trading cryptocurrency in Iran’s stock exchange, Head of Securities and Exchange Organization (SEO) Shapour Mohammadi told IRNA on Saturday.
August 12, 2018

OMV Calls for More EU Defense against Sanctions

The CEO of Austrian energy company OMV called on Europe’s politicians to do more to protect EU companies from the returning US sanctions against Tehran. “We are defending ourselves from these political threats whose only purpose is to distort the market in favor of more expensive products,” Rainer Seele told Bloomberg on Thursday. He added, […]
August 11, 2018

‘Next year’s budget plan to match new sanctions condition’

TEHRAN- Iran's annual budget plan for the next Iranian calendar year of 1398, which starts on March 21, 2019, is to be prepared considering all the domestic and international economic conditions of the country in a bid to tackle the new round of U.S.-l...
August 11, 2018

Switzerland recommends firms pursue Iran ties despite U.S. sanctions

The Swiss government regrets the situation regarding sanctions imposed by the United States on Iran, but recommends Swiss firms pursue their business relations with the Islamic Republic on an informed basis, it said on Thursday.
August 11, 2018

Japan seeks U.S. sanctions waiver for Iranian oil imports

Japan’s Trade Minister Hiroshige Seko says his country will continue to negotiate with the U.S. for an exemption to sanctions on Iranian oil imports.
August 11, 2018

German businesses suffering from U.S. sanctions against Iran

German business associations said on Thursday that their companies are increasingly suffering from U.S. sanctions against Iran.
August 11, 2018

U.S. 6-month exports to Iran grow 47% yr/yr

TEHRAN- The U.S. exports to Iran reached $59.7 million during the first half of 2018 registering a 47 percent rise from the figure for last year’s same period, the latest report released by American Statistical Association (ASA) showed.
August 11, 2018

‘Iranian oil cannot be replaced in the market’

TEHRAN - Iran's former OPEC Governor Mohammad Ali Khatibi said Iran’s oil customers won’t find a suitable alternative for Iranian oil, IRIB reported on Friday.
August 11, 2018

Zanganeh writes to OPEC, expressing dissatisfaction with JMMC’s performance

TEHRAN - Iranian oil minister has written a formal complaining letter to OPEC President Suhail Al Mazrouei to express concerns over Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC)’s performance.
August 11, 2018

MAPNA Group Awarded Major Oil Projects

The National Iranian South Oil Company (NISOC) has signed a heads of agreement with MAPNA Group for the development of Parsi and Paranj [Karanj?] oilfields in the southwestern province of Khuzestan. The document was signed on Monday, August 6, by NIOSC CEO Bijan Alipour and Mojtaba Gharavi, director of MAPNA’s oil and gas section. MAPNA […]
August 11, 2018

Iran’s Central Bank Unveils New Regulatory Package

The Governor of the Central Bank of Iran unveiled a new package of regulations on foreign currency trade which lifts a ban on the activity of money exchange markets. Speaking at a television talk show on Sunday night, Abdolnasser Hemati said the new package has been endorsed by President Hassan Rouhani’s administration in order to […]
August 10, 2018

U.S. sanctions against Iran could make world’s oil supply very challenging: IEA

A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world's spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA).
August 10, 2018

Sanctions Can Lead to Boost in Iran’s Economy: Larijani

Iranian Parliament Speaker Ali Larijani described Washington’s new sanctions against the Islamic Republic as an opportunity for “the internal renovation of the country’s economy”. In a speech on Monday night, Larijani pointed to the re-introduction of US economic sanctions on Iran and said in the difficult situation, the country needs investment in order to boost […]
August 10, 2018

Video: Iran ‘cannot talk to US while under Sanctions’

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran’s President has given a television interview just hours before US sanctions will come back into effect. Iran’s president admonished America, praised his European allies and asked his people for a little more […]
August 9, 2018

Applications Are Now Open for Silk Road Startup 2018 Road Trip

For the second time in Iran, Silk Road Startup’s Road Trip will be held in 5 cities of the country for 10 days. Selected startups will be able to pitch in front of the local and international jury team for a battle to win the local prizes and attend the final event in 2019 in Kish Island. Registration for startups is now open.

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