Latest Business News

Iran Stops Oil Exports to Germany

Iran Stops Oil Exports to Germany

In response to the oil embargo that the European Union imposed on Iran on January 23, Iran oil ministry decided to stop the oil exports to Germany. On January 29, the Iranian oil minister ...
Iran's Pasargad Bank Offers Virtual Card For The First Time

Iran’s Pasargad Bank Offers Virtual Card For The First Time

For the first time in Iran, Pasargad bank offered and innovated Virtual Card services for its clients. According to public relation of the bank, Khosro Rafie, the head of PR department ...
Aramco Cut The Price of Oil Shipments For Buyers in Asia And Europe

Aramco Cut The Price of Oil Shipments For Buyers in Asia And Europe

Aramco reduced the price of oil crude shipments for the month of May to buyers in Asia and Europe. The company announced on Wednesday that it reduced the prices of Arabian Light crude ...
Shahab Khodro Fired More Than 650 Workers

Shahab Khodro Fired More Than 650 Workers

More than 650 workers of Shahab Khodro, an Iranian company which manufactures autobuses, have been fired. Base on report from ILNA news agency the reason of dispensing these workers ...
Yousuf Raza Gilani, the prime minister of Pakistan

Pakistan to Import Oil, Gas And Electricity From Iran

Yousuf Raza Gilani, the prime minister of Pakistan, announced his country is going to import 1100 megawatts (MW) electricity from Iran. According to the reports, this decision has been ...
Mostakhdemin Hosseini Left Credit Institution For Development (CID)

Mostakhdemin Hosseini Left Credit Institution For Development (CID)

Mostakhdemin Hosseini the CEO of Credit Institution For Development (CID) resigned from his position. Hosseini joined CID 4 years ago and his main goal was converting this Institution ...
Iraqi Kurdistan to Stop Oil Exports Because of Disputes With The Government

Iraqi Kurdistan to Stop Oil Exports Because of Disputes With The Government

The Government of the Kurdistan region of Iraq announced on Sunday that it had stopped exporting oil “until further notice” because of the lack of access to funds claimed ...
Iran, Turkey

Iran, Turkey Set $30B Trade Target For 2015

Iranian First Vice President Mohammad Reza Rahimi and Turkish Prime Minister Recep Tayyip Erdogan said on Wednesday that the two countries had agreed to increase the volume of bilateral ...
Turkey Consumes Most Expensive Gasoline in The World

Turkey Consumes Most Expensive Gasoline in The World

Currently Turkey is using the most expensive gasoline in the world , however the price of fuel is constantly raising in all over the world . This increase is because of the many factors ...
Royal Dutch Shell

Royal Dutch Shell is Struggling to Pay Off $1 Billion That it Owes Iran

Shell oil company currently owes $1 billion to Iran for distributing Iranian crude oil in Europe , but recent financial sanctions by United States and European Union make it almost ...