Middle East > Iran > Business / Trade

Business / Trade in Iran

  • Saudi Arabia denies warming relations with Iran

    IRAN, 2017/09/08 Saudi Foreign Minister Adel al-Jubeir on Tuesday denied any warming of relations with regional rival Iran next Tehran thanked Riyadh for its handling of the annual hajj pilgrimage. Saudi Foreign Minister Adel al-Jubeir said Iran must change its policies to have good relations with his country "If Iran wants to have good relations with Saudi Arabia, it has to change its policies. It has to respect international law," Jubeir told a press conference in London.
  • UK exports to Iran increase by 200

    IRAN, 2017/08/26 During the initial four months of the current fiscal time(March 20-July 21) the United Kingdom’s exports to Iran had registered a large rise by 200 % and stood at $432 million. The UK was the ninth top goods exporter to Iran during the period, with 2.7 % share of Iran’s in general imports, which amounted to $15.813 billion‎, according to the new statistics released by the Trade Promotion Organization of Iran. Besides UK, Germany ($864 million, 29 % increase y/y), Switzerland ($663 million, 81 % increase), France ($456 million, 51 % increase) and Italy ($420 million, 26 % increase) were the European nations that took place part the top exporters of goods to Iran, in ‎the period.‎
  • Azerbaijan, Iran focus on high-tech cooperation

    AZERBAIJAN, 2017/08/26 Azerbaijan and Iran plan to continue their cooperation in high technologies, switching to manufacturing high-tech and satellite communications products. The is mentioned to Trend by Mehdi Mohtashami, the chief of the secretariat of the Azerbaijan-Iran intergovernmental commission for cooperation in trade, economic, and humanitarian spheres. He said that the discussions on cooperation in these spheres are planned during the visit of the Azerbaijani delegation to Iran, headed by Economy and Industry Minister Shahin Mustafayev.
  • Policy Differences Emerge Among Gulf States Days After Wooing President Trump

    BAHRAIN, 2017/05/29 Cracks have appeared in a Saudi-led, US-backed anti-terrorist political and military alliance days next US President Donald J. Trump ended a historic visit to Saudi Arabia. The cracks stem from Qatar’s long-standing fundamental policy differences with Saudi Arabia and the United Arab Emirates about Iran and the role of political Islam. The cracks emerged as the result of an anti-Qatar media and cyber campaign involving a spate of anti-Qatar articles in US and Gulf media; the blocking of Qatar-backed media websites and broadcasts in Saudi Arabia, the United Arab Emirates and Egypt; statements by prominent former US government officials; and a recent seminar by the Washington-based Foundation for the Defense of Democracies that has long asserted that Qatar supports militant groups.
  • Iran eyes Brazil deal for taxis, trucks, 50 Embraer jets

    IRAN, 2016/04/16 Iran is interested in buying 50 airliners from Brazilian planemaker Embraer SA, a presidential aide in Brazil with knowledge of the negotiations said on Monday, as the end of international sanctions against the Middle East country triggers a flurry of trade deals. Negotiations for the jets, along with a potential package of taxis, buses and trucks made by Brazil’s ailing auto industry, began in October at the same time as Brazilian Trade Minister Armando Monteiro led a delegation to Tehran.
  • Mending relations between Saudi Arabia and Iran will have to be part of a 'grand bargain', Arab analysts say

    IRAN, 2016/01/06
  • Iran: Government Admits Lack Of Revenue Means Unbalanced Budget

    IRAN, 2016/01/03 Despite repeated optimistic forecasts about the economy, the Iranian government has failed to balance the budget and says it is facing a shortage of funds to pay the salaries of public employees. Mosalreza Servati, a member of Parliament’s planning and budget commission, reported on Wednesday December 30: “In recent months, the salaries of government employees have not been paid on time and there is concern that the same trend will prevail in the next three months.” The Tasnim News Agency reports that according to Servati, a number of development projects approved by the government have not received the funds to get started.
  • Iran Warns Will Halt Nuclear Deal If IAEA Doesn’t Close PMD File

    IRAN, 2015/12/02 A senior Iranian official has warned that the Islamic Republic will halt the implementation of a nuclear agreement with the P5+1 if the International Atomic Energy Agency (IAEA) does not fully close the file of the so-called possible military dimensions (PMD) regarding Iran’s nuclear program. Seyyed Abbas Araqchi said that the IAEA’s Director General Yukiya Amano has decided to release a statement on the Iranian nuclear program on December 1, and the Agency’s Board of Governors will review the statement and make a final decision in a conference on December 15. Araqchi said the statement by Amano should result in the closure of the PMD issue.
  • Ankara, Tehran aim to up trade to $30 billion

    IRAN, 2015/11/28 Turkey and Iran are following a goal of raising trade turnover between them to $30 billion. Turkish Development Minister Cevdet Yılmaz and Iranian Minister of Economic and Finance Ali Tayebnia discussed ways of increasing bilateral trade, IRNA reported. Yilmaz said the two neighboring nations are ready to increase their trade and economic ties. Noting that current annual bilateral trade is at $14 billion, he said they target to raise it up to $30 billion.
  • With eye to Rowhani's Paris visit, French firms head to Iran

    IRAN, 2015/09/20 A senior French economic and political delegation heads to Tehran on Sunday to lay the groundwork for the initial business contracts between France and Iran since an accord to curb its nuclear programme in July. France’s major business lobby group, the Medef, is sending a delegation comprising additional than 100 firms to Iran, inclunding companies such as oil major Total, planemaker Airbus and car manufacturer Peugeot. “We’re trying to identify areas where we can move forward, but we’re not going to do business at any cost.”