The strategic southern Iranian Port of Chabahar will open a sea-land access route to central Asia. » Read More
FRANKFURT, May 9- German auto parts supplier Robert Bosch is opening an office in Tehran and plans to hire 50 staff by the end of this year because it sees growing potential for Iran's car market following the lifting of international sanctions. In our quest to pick up speed quickly, we are benefiting first and foremost from re-establishing contact with former...
Don't expect Saudi Arabia's new oil boss to bring big change to OPEC's June meeting, analysts said, after it replaced its long-serving minister.
The end of Ali al-Naimi's more than two-decade tenure as Saudi Arabia's oil maestro signals a new era for OPEC, analysts said.
ZURICH, May 4- Companies should not blame U.S. sanctions for stopping them investing in Iran, a State Department official told businesses on Wednesday, saying there were many other risks putting off would-be investors. The United States and Europe lifted sanctions in January under a deal with Tehran to limit its nuclear programme, but U.S. sanctions unrelated to...
VIENNA, May 4- Austria's OMV signed a memorandum of understanding with the National Iranian Oil Company on Wednesday as it looks to revive its activities in Iran. OMV Chief Executive Rainer Seele, who took the helm at Austria's biggest company last July, has singled out Iran, Russia and the United Arab Emirates in a push away from expensive North Sea field...
DUBAI/ LONDON, May 3- OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the exporter group aim for tighter control of the oil market, sources said, pointing to deep divisions over the way forward. While they made progress on some issues, OPEC kingpin Riyadh disagreed with Tehran's proposal to include "...
LONDON, May 3- Business Secretary Sajid Javid has postponed a major trade visit to Iran to focus on the future of Britain's steel industry, a spokesman from the business department said on Tuesday, as the government tries to save thousands of steelworkers' jobs. He had planned to travel to Tehran this month on what would have been the biggest British trade...
Karim Sadjadpour, Carnegie Endowment, provides insight to the challenges facing Iran and what they need to do to transition into the banking system and big business.
CNBC's Michelle Caruso-Cabrera provides a firsthand look at her travels to Iran and what she found there.
The blacklisted state wants wider inclusion in the international financial system, according to Iran's Central Bank Governor Valiollah Seif.
CNBC's Michelle Caruso-Cabrera reports from Iran and speaks with 1979's Iran hostage crisis' student spokeswoman known as "Tehran Mary" about American investment into Iran. CNBC's Rick Santelli also weighs in about his experience as a gold trader during the crisis.
CNBC's Michelle Caruso-Cabrera reports from Iran about the country's push to diversify its economy away oil and towards tourism and exports.
Discussing Exxon Mobil and Chevron earnings, after Exxon reported a quarterly earnings and revenue beat, and Chevron reported a mixed report, with Pavel Molchanov, Raymond James.
CNBC's Michelle Caruso-Cabrera reports on Iran's oil buyers.
*OPEC supply rises by 170,000 bpd to 32.64 million bpd. *For a table of OPEC output, see. Top exporter Saudi Arabia, however, made no major change to output, the survey found, despite the kingdom hinting it could boost supply after OPEC and non-member nations failed to agree to freeze output at a meeting on April 17.
*Iran owes Germany about 500 million euros. *Germany- Iran holding Tehran business summit on May 2-3. BERLIN, April 29- Restoring German banks' financial ties with Iran will take time given debt owed to Berlin and transparency concerns, the head of the German banking association said on Friday, dampening expectations days before a business summit in Tehran.
Tension is building between the U.S. and Iran over the U.S. Supreme Court decision to allow the seizure of $2 billion in Iranian assets, reports CNBC's Michelle Caruso-Cabrera.
CNBC's Michelle Caruso-Cabrera reports Iran is known for more than just oil. The country is known to produce what is considered the best Saffron in the world and their red pistachios are famous worldwide... and the beautiful rugs are self-explanatory.
A number of crude exporters have similar plans as the Saudis to diversify their economy.
CNBC's Michelle Caruso-Cabrera reports although the lifting of nuclear sanctions against Iran allows non-US companies to conduct business there, that doesn't necessarily mean the Iranian government wants American investments.