Latest Business News

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 ...
Zardari Inauguartes The First Branch of NBP in Tajikistan

Zardari Inauguartes The First Branch of NBP in Tajikistan

President of the Republic of Tajikistan Emomali Rahmon and the President of the Islamic Republic of Pakistan Asif Ali Zardari inaugurated the first branch of the National Bank of Pakistan ...
Malaysian Petronas Oil Company to Stop Iran Oil Imports

Malaysian Petronas Oil Company to Stop Iran Oil Imports

Malaysian Petronas oil company announce it will halt Iran oil imports by April due to the imposed sanctions on Iran from United States . “We are complying and aim to cut all our ...
South Africa Announced Suspension of Imports of Iranian Oil

South Africa Announced Suspension of Imports of Iranian Oil

Ibrahim al-Ibrahim , Deputy Foreign Minister , said on Thursday that South Africa has suspended almost all of its oil imports from Iran to respond to the request of United States for ...
Iran to Import 60,000 Tons of Sugar From India

Iran to Import 60,000 Tons of Sugar From India

India and Iran has finalized a deal to trade 60,000 tons of crude sugar . This is the most important foreign purchase of Iran after being under the strict sanctions from Unites States ...
Saudi Arabia is Seeking to Calm Fears About Oil Prices

Al Naimi : Saudi Arabia is Seeking to Calm Fears About Oil Prices

Saudi Arabia Oil Minister , Al Naimi , announced his country is ready to increase oil production to maximum capacity amounting to 12.5 million barrels a day if necessary because of ...
Sri Lanka Stops Buying Crude Oil From Iran

Sri Lanka Stops Buying Crude Oil From Iran

Sri Lanka imports 92% of its crude oil needs from Iran but the officials of Sri Lanka announced they will stop buying crude oil from Iran in the next few days . Government of Iraq offered ...
SWIFT is no More Available For Iranian Banks Because of Sanctions

SWIFT is no More Available For Iranian Banks Because of Sanctions

SWIFT announced the service which connect all the banks globally will not be available for Iranian banks from March 17 because of EU Council decision to put more sanctions on Iran over ...