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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.

IFP Exclusive

Iran Almost Self-Sufficient in Seed Production: Agriculture Minister

IFP Editorial Staff -
Minister of Agriculture Kazem Khavazi says Iran has achieved self-sufficiency in producing nearly all varieties of seeds.
IFP Exclusive

Iran Needs No Permission to Return to Oil Market: Minister

IFP Editorial Staff -
Iran Needs No Permission to Return to Oil Market: Minister
IFP Exclusive

Iran’s Oil Sale to Hit 2.9 Million bpd If Sanctions Lifted: President

IFP Editorial Staff -
President Hassan Rouhani says Tehran will be selling up to 2.9 million barrels per day of oil in the next Iranian year if the sanctions are lifted, noting that the minimum daily crude sales will stand at 2.3 million barrels even if the sanctions remain in place.
IFP Exclusive

Iran’s Leader Permits Expediency Council to Procced with Work on FATF Bills

IFP Editorial Staff -
Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved the administration’s proposal for the extension of a process that authorizes the Expediency Council to review the remaining bills prepared by the government to take Iran out of the Financial Action Task Force (FATF) blacklist.
IFP Exclusive

Iran-Afghanistan Railway to Boost Mutual Trade: Minister

IFP Editorial Staff -
The Iranian minister of roads and transportation says the newly-inaugurated railroad linking the Iranian city of Khaf to Herat in Afghanistan will boost the two countries’ economic status both in the region and in the world.
IFP Exclusive

Iran’s Economic Growth Rate Becomes Positive Despite US Sanctions

IFP Editorial Staff -
Governor of the Central Bank of Iran Abdolnaser Hemmati says the economic growth rate in Iran has become positive, both with and without oil revenues.
IFP Exclusive

Iranian Starts Producing Superalloys Vital for Various Industries

IFP Editorial Staff -
An Iranian company has developed the technology to produce superalloys, which are badly needed in industries such as power stations and refineries.
IFP Exclusive

Expansion of Economic Ties with Neighbours a Priority: Iran VP

IFP Editorial Staff -
A senior Iranian official says the sky is the limit for Tehran when it comes to the enhancement of economic relations with other nations, especially neighbouring countries.
IFP Exclusive

Iran Starts Mass Producing Gate Valves in Defiance of Sanctions

IFP Editorial Staff -
Iran has put into service the production line for gate valves used in crude oil transfer pipelines despite the sanctions imposed on the country.
IFP Exclusive

Iran, Afghanistan Open Major Cross-Border Railway

IFP Editorial Staff -
Iran and Afghanistan have inaugurated a railway project connecting the Iranian city of Khaf to Herat in the other country.
IFP Exclusive

Khaf-Herat Railway to Link Afghanistan to Europe through Iran

IFP Editorial Staff -
The project to connect the Iranian city of Khaf to Herat in Afghanistan via a rail link is part of Tehran’s efforts to expand its rail network and connect it to those of its neighbouring countries.
IFP Exclusive

Iran to Sell 2.3 Barrels per Day of Oil Next Year: President

IFP Editorial Staff -
Iran’s president says the world should know that the country will sell its oil next year.
IFP Exclusive

US Blocking Iran’s Purchase of COVID-19 Vaccine: Top Banker

IFP Editorial Staff -
Abdolnasser Hemmati, the Governor of the Central Bank of Iran (CBI), says Iran has tried to purchase COVID-19 vaccine from other countries, but the US sanctions have prevented financial transactions for the sale.
IFP Exclusive

Iran, Pakistan to Expand Trade Ties through Virtual B2B Meetings

IFP Editorial Staff -
Knowledge-based, innovative, and high-tech companies of Iran and Pakistan will have the chance to hold direct online negotiations and explore avenues for developing business relations between the two sides.
IFP Exclusive

Iran Ready to Export Surplus of Its Homegrown Ventilators: Official

IFP Editorial Staff -
All beds used on the intensive care units (ICUs) of hospitals across Iran have been equipped with medical ventilators, an official has announced, expressing readiness to export the excess devices at the discretion of the Health Ministry.
IFP Coverage

What’s Initial Exchange Offering? How Is It Different from Initial Coin Offering?

IFP Media Wire -
In the later part of 2017, China banned Initial Coin Offering (ICOs). This coerced crypto developers to find an alternative idea to raise funds for their crypto projects. Creators of new crypto projects tried to switch to the plan of Initial Exchange Offering (IEO).
IFP Exclusive

Iran Inaugurates 25 Electricity Projects in Single Day

IFP Editorial Staff -
Iran’s energy minister has inaugurated more than two dozen electricity projects worth nearly IRR 60 trillion in several Iranian provinces in a single day.
IFP Exclusive

Iran, Turkey Can Turn into Role Model for Friendly Ties in Region: Vaezi

IFP Editorial Staff -
Mahmoud Vaezi, the Chief of Staff of the Iranian president's office, has hailed Iran-Turkey relations as two friends and neighbours, calling for further development of economic cooperation between the two sides.
IFP Exclusive

Iran’s First Consignment of Exports Arrives in Afghanistan via Rail

IFP Editorial Staff -
Iran’s first consignment of exports has arrived in Afghanistan via the Herat-Khaf railway, and was warmly welcomed by Afghans.
IFP Exclusive

Blow of Sanctions on Iran Neutralized: President

IFP Editorial Staff -
President Hassan Rouhani has highlighted the administration’s success in foiling the enemy’s plot to cripple the country’s economy through sanctions.
IFP Exclusive

Iran Begins Legal Proceedings to Receive Financial Claims from Foreign Countries

IFP Editorial Staff -
A senior Iranian official says Tehran has adopted measures to secure its financial and monetary claims from foreign countries.
IFP Exclusive

Iran Puts into Service 3 Petrochemical Projects Worth $1bn

IFP Editorial Staff -
Iran has inaugurated several major petrochemical projects, taking yet another step toward meeting domestic needs.
IFP Exclusive

Tehran, Dohan to Forge Closer Economic Cooperation

IFP Editorial Staff -
Iran and Qatar have reiterated their determination to further enhance their economic cooperation.
IFP Exclusive

With Trump Gone, Foreign Investment in Iran Will Increase: Spokesman

IFP Editorial Staff -
Tehran says with US President Donald Trump leaving office, foreign companies will become more interested in investing in Iran, as they are already working to open their offices.
IFP Exclusive

Iran Absorbs $3.8bn in Foreign Investment in 7 Months

IFP Editorial Staff -
Iran’s economy minister says some $3.8 billion worth of foreign investment was funneled into the country from April to October, 2020.
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