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Business

Latest Business News in Iran – News and reports about all things to do with commerce, trade, banking and industry in Iran and the world. Covering ongoing developments, market news, contracts, joint ventures, trade delegations, chambers of commerce, manufacturing, labour news and resource management.

Media Wire

Iran and Armenia Begin Power Talks

IFP Media Wire -
A fresh round of Iran-Armenia power talks has begun over exports of certain technical and engineering services as well as electrical goods from Iran to the Caucasus region states.
Media Wire

Iran MPs Consider Suing Canada Over Asset Seizure

IFP Media Wire -
A parliamentary panel in Iran is examining Canada's appropriation of Iranian assets for the possible launch of a lawsuit against the seizure, an MP says.
Media Wire

MP Praises Petroleum Ministry for Regaining Market Share

IFP Media Wire -
Ghasem Ahmadi, a member of the Iranian Parliament, praised the Iranian Ministry of Petroleum for its efforts to revive the country's oil market share lost under the sanctions.
Media Wire

New Iran-South Korea Container Service

IFP Media Wire -
Islamic Republic of Iran Shipping Lines launched a new, direct and regular container service to South Korea as business and trade ties between the two countries continue to expand, JOC reported.
Media Wire

Rouhani: Government Created over 1 Million Jobs

IFP Media Wire -
The Iranian government is proud of having created about 1.4 million jobs over the past three years, President Hassan Rouhani announced
Media Wire

Chabahar a Vital 21st Century Port: Chinese Official

IFP Media Wire -
The Head of Shanghai Academy of Social Sciences on Wednesday cited Chabahar as a strategic region and vital port in the 21st century.
Selected

Iran Deal Allows for Sales of Passenger Planes: Kirby

IFP Media Wire -
The spokesman of the US State Department says that Iran’s historic nuclear agreement with the permanent UN Security Council members plus Germany (P5+1) allows Western jet manufacturers to trade with Tehran.
Media Wire

President: Cabinet Shamed by Unemployment

IFP Media Wire -
Iranian President Hassan Rouhani said his administration feels ashamed to see those Iranian graduates who have no job.
Economy

Iranian Mines Account for 16% of Non-Oil Exports

IFP Media Wire -
Iran’s Ministry of Industry has announced that Iranian mineral products and industries accounted for 16.5% of the country’s non-oil exports last year.
Media Wire

“Women to Make Up 45% of Labour Market in Iran by 2026”

IFP Media Wire -
Within the next ten years, about 45% of the Iranian labour market will be in the hands of women, Moslem Khani, an advisor to the Ministry of Cooperatives, Labour and Social Welfare said on Monday June 13.
Media Wire

Petchem Exports Up 46% in Two Years: Zangeneh

IFP Media Wire -
Iranian Minister of Petroleum Bijan Zangeneh said Iran's export of petrochemical products stood at 18.7m metric tons in the previous Iranian calendar year, which ended on March 19, up by 46% from two years earlier.
Media Wire

US Must Do More on Nuclear Deal: Iran

IFP Media Wire -
Iran says the US must do more to encourage banks into doing business with the Islamic Republic following the lifting of sanctions.
Media Wire

Iran and Turkey Sign Deal to Build Industrial Park

IFP Media Wire -
Iran and Turkey have signed an agreement to construct an industrial park in Iran in a bid to boost mutual cooperation between the two neighbouring countries.
Media Wire

Iran Oil Output Over 3.8mbd

IFP Media Wire -
Iranian Minister of Petroleum Bijan Zangeneh said Iran's crude oil production has crossed 3.8m barrels per day in the month of Khordad, which began on May 21.
Media Wire

Chinese Ambassador Interested In Expanding Iran Ties

IFP Media Wire -
China’s Ambassador to Iran Pang Sen stressed the interest of Chinese officials in expanding relations with Iran.
Media Wire

Eurasian official: Iran and EEU to ink FTA

IFP Media Wire -
An analysis of the potential benefits for countries of the Eurasian Economic Union (EEU) to conclude an interim agreement on free trade with Iran will be completed by the end of this year, according to Minister of Trade of the Eurasian Economic Commission, Veronica Nikishina, Sputnik reported.
Media Wire

Germany’s BASF Reopens Bureau in Tehran

IFP Media Wire -
An official has announced the reopening of the Tehran office of Germany’s BASF SE, the largest chemical producer in the world.
Energy

Iran to Boost Gasoline Refining Capacity

IFP Media Wire -
Iran says it has devised a serious plan to increase its refining capacity for crude and condensate by more than 70% within the next four years as it tries to cut its reliance on gasoline imports.
Economy

Iran’s Car Market to Be Dominated by the French Once Again

IFP Editorial Staff -
Iran’s Saipa and France’s Citroen are finalizing a deal that will let the French monopolize the Iranian car market on the contrary to what Rouhani’s government had promised.
Media Wire

Iran Started Polypropylene Exports to Europe

IFP Media Wire -
Iran's Jam Petrochemical Company (JPC) started exporting products including polypropylene to Europe in the final months of previous Iranian calendar year (ended March 19, 2016), the company's senior official said.
Media Wire

Signs of Hope Emerge in Housing Market

IFP Media Wire -
The managing director of the Office for Housing Planning and Economy (affiliated to the Ministry of Roads and Urban Development) says the recent increase in home sales could be a good omen for the Iranian property market.
Iran in Pictures

Grape Harvest Begins on Persian Gulf Coast

Fatemeh Askarieh -
With the summer heat hitting the southern province of Hormuzgan on the coast of the Persian Gulf, early-season fresh grapes have begun to be...
Media Wire

Bushehr-Dubai Flights to Resume

IFP Media Wire -
Flights between Bushehr in southwestern Iran and Dubai in the UAE, which were suspended last year, will recommence in the first week of the Iranian month of Tir (starting June 21) in cooperation with Kish Airlines.
Media Wire

NISOC Crude Output Back to Pre-Sanctions Level: CEO

IFP Media Wire -
The Managing Director of the National Iranian South Oil Company (NISOC) said the company's crude oil output has returned to the level it was before the US-led sanctions targeted Iran's oil sector back in 2012.
Economy

Over $1.5bn Earmarked for Non-Oil Exports and Development Projects

IFP Media Wire -
Iran allocated IRR55 trillion (about $1.586 billion) to promote non-oil exports and implement development projects, ISNA reported on Sunday June 12.
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