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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 to Unveil Locally-Produced Destroyer Soon

IFP Editorial Staff -
Iran’s defence minister says domestically developed destroyer Dena will be unveiled and handed over to the Army’s Naval Force in the near future.
IFP Exclusive

Iran Urges Closer Transport Ties among ESCAP Member States

IFP Editorial Staff -
Iran has called for closer transport cooperation among member states of the Economic and Social Commission for Asia and the Pacific (ESCAP).
IFP Coverage

How Iran-Thailand Trade Can Affect Global Currency Markets

IFP Media Wire -
For Iran and Thailand, the bonds of friendship and co-operation are reported to date back as 1685. And this bilateral relationship continues today, with both nations looking to strengthen those ties today.
IFP Exclusive

Iran Key Transit Route as 1,400 Flights Pass through Iranian Skies Daily: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani says some 1,400 flights pass through the skies over Iran daily, which indicates the significance of the country as a major air transit route.
IFP Exclusive

Iranian People’s Resistance in Economic War Bears Fruit: President

IFP Editorial Staff -
Iran’s president says the Iranian nation’s resistance in the economic war has come to fruition, setting the stage for the amelioration of the country’s economic situation.
IFP Exclusive

Iran Calls for Closer Cooperation Among Eurasian Nations

IFP Editorial Staff -
Iran’s energy minister says the country can play a pivotal role in cementing cooperation among member states of the Eurasian Economic Union (EAEU).
IFP Exclusive

Iran to Commercialize Top Inventions in Water Sector

IFP Editorial Staff -
Iran is to hold the National Hydraulics and Water Inventions Festival with the aim of commercializing a whole range of products in the domain of water and hydraulics.
IFP Exclusive

Iranian Company Develops Know-How to Produce Car Engines

IFP Editorial Staff -
A group of Iranian researchers have developed the technology to produce engines for vehicles.
IFP Exclusive

Iran Opens New Mask Producing Facility

IFP Editorial Staff -
Iran has opened a mask producing facility with a capacity of turning out 500,000 three-layer face masks daily.
IFP Exclusive

Iran’s President Unveils New COVID-19 Restrictions

IFP Editorial Staff -
President Hassan Rouhani has unveiled countrywide plans for a new round of restrictions to break the transmission of the coronavirus pandemic by categorizing more than 100 cities as red zones.
IFP Exclusive

Karabakh Truce Deal Not to Change Iran-Armenia Transit Routes: Official

IFP Editorial Staff -
Iran has rejected rumours about the consequences of the ceasefire agreement between Armenia and the Azerbaijan Republic, saying no change will take place in the Iran’s transit routes toward either of the two countries.
IFP Exclusive

Iran, Qatar to Work Closely on Renewable Energy Sources

IFP Editorial Staff -
Visiting Iranian Energy Minister Reza Ardakanian and Qatar’s Minister of Commerce and Industry Ali bin Ahmed Al Kuwari have, in a meeting, underlined the need to further promote mutual cooperation in the area of renewable energy sources.
IFP Exclusive

No Legal Verdict against Iranian Banks in Bahrain: CBI Official

IFP Editorial Staff -
An official at the Central Bank of Iran (CBI) has dismissed reports about a formal verdict being delivered against Iranian banks in Bahrain, saying any such ruling would lack legal credibility.
IFP Exclusive

Iran Puts into Service Phase One of Major Desalination Project

IFP Editorial Staff -
Iran has inaugurated a project to transfer water from the Persian Gulf to desert areas on the country’s central plateau, supply the arid areas with desalinated water.
IFP Exclusive

Iran to Start Transferring Persian Gulf Water to Desert Areas

IFP Editorial Staff -
The Iranian president says a project will come on line on Thursday to desalinate sea water from Persian Gulf and supply it to arid areas across the country, especially in the central Iran.
IFP Exclusive

Iranian, Russian Diplomats Discuss Mutual Economic Cooperation

IFP Editorial Staff -
Iranian Deputy Foreign for Economic Diplomacy Gholam-Reza Ansari has met with his Russian counterpart Alexander Pankin via videoconference.
IFP Exclusive

Iran Says Efforts Underway to Return Its Frozen Assets from Other Countries

IFP Editorial Staff -
The Iranian government spokesman says efforts are being made to bring back Iranian foreign currency assets deposited at banks of other countries.
Americas

New Sanctions Result of US Failure to Zero Out Iran’s Oil Exports: Minister

IFP Media Wire -
Iranian Oil Minister Bijan Namdar Zanganeh, who has been blacklisted by the US Treasury Department, brushed off the new sanctions as a testimony to Washington’s failure to drive Iranian oil exports down to zero.
IFP Exclusive

Iranian, Turkish Presidents Discuss Enhancement of Trade Ties

IFP Editorial Staff -
Iran's President Hassan Rouhani has called for the promotion of economic and trade cooperation with neighbouring Turkey to mitigate the negative effects of the US sanctions and the outbreak of the coronavirus pandemic.
IFP Exclusive

Iran’s Non-Oil Exports Doubled in 8 Years: President

IFP Editorial Staff -
The Iranian president says the country's non-oil exports have roughly doubled in the 11th and 12th administrations.
IFP Exclusive

Government’s Top Priority Is to Protect Iranians’ Lives: President

IFP Editorial Staff -
President Hassan Rouhani says his government’s main priority amid the cruel sanctions and the economic woes is to protect the health and lives of people.
IFP Exclusive

Iran-Afghanistan Railway to Open in Coming Days: President

IFP Editorial Staff -
Iranian President Hassan Rouhani has unveiled plans for the opening of a long-awaited railway linking Iran’s Khaf to Afghanistan’s Herat, saying the new route would promote trade cooperation between the two neighbours.
IFP Exclusive

Iran Can Meet 90% of Defence Needs Domestically: DM

IFP Editorial Staff -
Iran’s defence minister says the country is capable of producing 90 percent of its defence needs domestically, and that is a bitter pill to swallow for Washington.
IFP Exclusive

Plane Carrying Live Sheep Makes Emergency Landing in Iran

IFP Editorial Staff -
A Boeing-747 cargo plane carrying live sheep has made an emergency landing in Iran after experiencing technical difficulties.
IFP Exclusive

Tehran Urges Its Trade Partners to Release Iranian Frozen Assets

IFP Editorial Staff -
Iranian President Hassan Rouhani has called on Tehran’s trade partners to fulfil their legal and ethical commitments towards the Islamic Republic.
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