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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 Pushing on with Economic Plans Despite Coronavirus: Rouhani

IFP Editorial Staff -
President of the Islamic Republic of Iran Hassan Rouhani says the outbreak of coronavirus has not brought economic activities in the country to a halt, describing the inauguration of new projects as a testimony to Iran’s unfaltering progress.
IFP Exclusive

Ministers Weigh Plans for Iran-Iraq Oil Cooperation

IFP Editorial Staff -
Iranian Petroleum Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar have discussed the ways to promote cooperation between the two neighbours in the oil industry.
IFP Exclusive

Iran after Release of Currency Assets Abroad: President

IFP Editorial Staff -
President of Iran Hassan Rouhani says diplomatic and economic officials have launched a push to free the country’s foreign currency assets in the other countries in order to reduce susceptibility to any currency market volatility.
IFP Exclusive

Seoul’s Excuse to Freeze Iran’s Oil Revenues ‘Unacceptable’

IFP Editorial Staff -
The spokesperson for the Iranian administration has called on South Korea to unblock the petrodollars it owes to Iran, currently frozen in the Korean banks.
IFP Exclusive

Iran Urges Resumption of Gas Exports to Turkey

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif has called for efforts to restart the export of natural gas to Turkey after carrying out necessary repairs to the pipeline transferring gas to the neighboring country.
IFP Exclusive

Iranian Firm Exports Antibacterial Carpets to European, Asian Countries

IFP Editorial Staff -
Technologists at one of the leading Iranian companies in the field of machine-made carpets are exporting antibacterial carpets to Austria, Germany and the United Kingdom, as well as a number of African and Asian countries.
IFP Exclusive

Iran Pushing to Mitigate Economic Repercussions of COVID-19: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani has highlighted his administration’s efforts to deal with the economic consequences of the coronavirus outbreak, pointing to schemes to protect the livelihood of people and prevent price hikes.
IFP Exclusive

Iran Exports 20% of Domestically-Produced Nano-Products

IFP Editorial Staff -
An official says export of a whole range of homegrown products makes up a fifth of Iran’s nano-economy.
IFP Exclusive

Iran Denies Reports on Suspension of Trade with UAE

IFP Editorial Staff -
The Trade Promotion Organization of Iran has denied reports carried by some media that trade relations between Iran and the United Arab Emirates (UAE) are going through a rough patch.
IFP Exclusive

Iran President Inaugurates Several Industrial, Mineral Projects

Fatemeh Askarieh -
Iranian President Hassan Rouhani has inaugurated several major industrial and mineral projects with an overall price tag of Rls. 48 trillion.
IFP Exclusive

No One Can Stop Iran-Venezuela Trade Ties: Tehran

IFP Editorial Staff -
Iran says as long as Tehran and Caracas are determined to do business with each other, the mutual exchanges will definitely continue, and those who seek to disrupt the trade ties must know troubles can be created for them too.
Foreign Policy

Iran Displayed Its Power by Shipping Fuel to Venezuela: IRGC

IFP Media Wire -
TEHRAN (Tasnim) – Commander of the Islamic Revolution Guards Corps (IRGC) Major General Hossein Salami said Iran has exhibited its power by sending oil tankers to Venezuela.
IFP Exclusive

Iran Leading Regional State in Terms of Power Generation Capacity

IFP Editorial Staff -
Iranian Minister of Energy Reza Ardakanian says the Islamic Republic is the leading country in the region in terms of installed power generation capacity.
IFP Exclusive

People Contributing to Economy by Trading Shares: Iran President

IFP Editorial Staff -
The Iranian president says the Tehran Stock Exchange has increased people’s contribution to the country's economy.
IFP Exclusive

Iran-Kyrgyzstan Trade Should Not Hang on End of COVID-19: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani has called for the promotion of economic relations with Kyrgyzstan, saying the two countries can expand their trade ties in compliance with the health protocols regardless of the prospect for an end to the coronavirus pandemic.
IFP Exclusive

Iran, Turkmenistan to Boost Trade Ties

IFP Editorial Staff -
Iran and Turkmenistan are to resume the transit of goods as well as trade.
IFP Exclusive

Tehran Metro to Get Suicide-Prevention Glass Walls

IFP Editorial Staff -
Glass walls are to be erected at the edge of platforms in 35 subway stations across Tehran to prevent people committing suicide by jumping in front of the trains.
IFP Exclusive

Iran Leader Praises Crew of Tankers That Delivered Fuel to Venezuela

IFP Editorial Staff -
Iran’s Leader Ayatollah Seyyed Ali Khamenei has admired the crew of five Iranian oil tankers that carried gasoline to the fuel-starving Venezuela for their “great job”.
IFP Exclusive

Iranian Firm Develops SMD Electronic Board Assembly Machine

IFP Editorial Staff -
An Iranian knowledge-based company has developed the complete assembly line of SMD electronic boards, tin paste printer, reflow oven and external conveyors.
IFP Exclusive

Iran’s Gov’t Committed to Combatting Absolute Poverty: Rouhani

IFP Editorial Staff -
Iran’s President Hassan Rouhani says his government has been committed to combatting absolute poverty and will continue to do so.
IFP Exclusive

Ties with All Neighbours of Great Importance to Iran: Rouhani

IFP Editorial Staff -
Iran’s President Hassan Rouhani says Tehran attaches great significance to ties with its neighbours and is after establishing good and close relations with them.
IFP Exclusive

Border Crossing between Iran, Iraqi Kurdistan Reopens

IFP Editorial Staff -
A border crossing between Iran and the Iraqi Kurdistan Region has reopened and the trade exchanges via land border have resumed in the normal way, officials say.
IFP Exclusive

Iran to Export Electricity to Iraq for Two More Years

IFP Editorial Staff -
Iranian Energy Minister Reza Ardakanian says the country will continue to export electricity to Iraq for two more years in defiance of the US sanctions. 
IFP Exclusive

Iran to Exclude Oil Revenues from Its Income Basket

IFP Editorial Staff -
Iran says the country’s top priority is to put aside the oil and just depend on non-oil revenues to handle the country’s economic issues.
IFP Exclusive

Iran to Fund Major Railway Project Using Russian Loan

IFP Editorial Staff -
Iranian Minister of Energy Reza Ardakanian says a loan of $5 billion that Russia has agreed to give Tehran will be used to fund a major railway project in eastern Iran.
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