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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

Heavy Rainfalls Create 50 New Lakes across Iran

IFP Editorial Staff -
The heavy rainfalls of the past two months in Iran have resulted in the formation of about 50 new lakes that did not exist before.
IFP Exclusive

Iran, Pakistan Weigh Plans to Resume Trade, Broaden Economic Ties

IFP Editorial Staff -
President of Iran Hassan Rouhani and the prime minister of Pakistan have called for efforts to resume trade exchanges between the two neighbors following a halt in the wake of the coronavirus outbreak, and discussed the ways to enhance bilateral economic relations in defiance of the US sanctions.
IFP Exclusive

Iran Makes It Compulsory for Subway Commuters to Wear Mask

IFP Editorial Staff -
As part of the social distancing plan in Iran and the measures to contain the spread of the coronavirus, the government has made it mandatory for subway passengers to use face masks.
IFP Exclusive

Iran Says Almost All Border Crossings Reopened by Neighbours

IFP Editorial Staff -
Iran Says Almost All Border Crossings Reopened by Neighbours.
IFP Exclusive

Iran’s EAEU Accession Good Chance for Boosting Ties with Belarus

IFP Editorial Staff -
Iran's trade minister says the country’s membership in the Eurasian Economic Union (EAEU) will be an ideal opportunity for the enhancement of trade cooperation...
IFP Exclusive

Iran Starts Exporting Medical Supplies for Coronavirus Battle

IFP Editorial Staff -
Iranian President Hassan Rouhani has highlighted the country’s success in dealing with the novel coronavirus outbreak, saying the Islamic Republic has begun to export the health supplies necessary for the fight against COVID-19 after meeting the domestic demand.
IFP Exclusive

Time to Wean Global Economy Off Oil Earnings: Analyst

IFP Editorial Staff -
An analyst says recent developments indicate the world economy will no longer be dependent on oil revenues in the future.
Finance

Things Everyone Should Know About Bankruptcy

IFP Media Wire -
When you find yourself deep in debt and you’re struggling to make payments each month, stress and anxiety can take over.
IFP Exclusive

Iran Launches Its Largest Aluminum Factory

IFP Editorial Staff -
Iran’s Minister of Industry, Mining and Trade says the country has inaugurated its largest and most modern aluminum production in Lamard city of southern Fars province.
IFP Exclusive

Iran Distributing Millions of Aid Packages amid COVID-19 Outbreak

IFP Editorial Staff -
The head of Iran’s Organisation for Mobilisation of the Oppressed, also known as Basij Mostazafin, says an aid program called Momenaneh is underway in the country to help the needy in the wake of the COVID-19 pandemic.
IFP Exclusive

Non-Oil Exports from Iranian Ports Increase by 4 Percent: Official

IFP Editorial Staff -
An Iranian official says the export of non-oil products from the country’s ports in the last Iranian year has increased by 4% compared to a year before.
IFP Exclusive

Iran’s Aluminium Production Capacity to Rise to 785,000 Tonnes

IFP Editorial Staff -
An aluminium project is to be inaugurated in southern Iran, which will increase the country’s production capacity to 785 thousand tonnes.
IFP Exclusive

Resolving Oil Market Issues Requires Global Cooperation: Iran Minister

IFP Editorial Staff -
Iranian oil minister says the OPEC alone cannot solve the problem of the oil market, noting that resolution of the oil market issues requires global cooperation.
IFP Exclusive

Iran’s Top Banker Urges IMF to Remain Neutral

IFP Editorial Staff -
Governor of the Central Bank of Iran has called on the International Monetary Fund to maintain its neutrality and review Tehran’s request for an emergency loan at its Board of Directors.
IFP Exclusive

Iran Able to Export Health Items Needed to Fight COVID-19

IFP Editorial Staff -
The Iranian president says the country is able to export some health items needed to fight the coronavirus.
IFP Exclusive

Iran’s Largest Hydro Power Plant to Be Built in Yazd with Foreign Investment

IFP Editorial Staff -
Iran’s largest hydro power plant will be constructed in central Yazd province with foreign investment.
IFP Exclusive

Sanctions Kept Iran Fit for Oil Price Drop, VP Says

IFP Editorial Staff -
The dramatic plunge in oil prices would not have a huge impact on Iran’s economy, since the country was already prepared for such conditions under the pressure of American sanctions, First Vice President Es’haq Jahangiri says.
IFP Exclusive

Iran Says Ready to Send Medical Equipment to Azerbaijan Republic

IFP Editorial Staff -
Iranian President Hassan Rouhani says Tehran is prepared to transfer its experiences and the equipment needed in fight against the novel coronavirus to neighbouring countries, including the friendly country of Azerbaijan Republic.
IFP Exclusive

Iran’s Beauties in Photos: Echium Harvest in Golestan

IFP Editorial Staff -
Many farmers in Golestan province, northern Iran, are harvesting their echium crops these days.
IFP Exclusive

Iran Gov’t Selling Shares of Huge State Companies at Stock Market

IFP Editorial Staff -
Iran’s president has tasked the ministry of economic affairs to facilitate the selling of the shares of major state companies at the stock market as soon as possible.
IFP Exclusive

Tehran, Doha Agree to Work Together in Energy, Investment Domains

IFP Editorial Staff -
Iran and Qatar have agreed to work together in the fields of energy and investment, and to seriously pursue mutual economic cooperation after the fallout from the coronavirus pandemic is over.
IFP Exclusive

Iran Struggling with Virus of Sanctions amid COVID-19 Outbreak: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani has assured people that his administration is doing its utmost to alleviate hardship among the social groups while the country is grappling with two viruses at the same time, the coronavirus and the sanctions.
IFP Exclusive

President Inaugurates Major Energy Projects in Tehran Province

IFP Editorial Staff -
President of the Islamic Republic of Iran Hassan Rouhani has inaugurated a number of water and electricity projects in the province of Tehran, in which a total of 2.8 trillion tomans has been made in investment.
Selected

How Embargo on Transfer of Funds into Iran Is Hurting Iranians Abroad

IFP Media Wire -
Over the past 40 years, American imperialism has made life incredibly rough for those in the Middle East. If the United States hasn’t been bombing countries, it’s been threatening them with bombardment. Iran has been a frequent target.
IFP Exclusive

Iran to Grant Loans to Employers to Prevent Layoffs

IFP Editorial Staff -
Iran will offer low-interest loans to employers to keep their employees on the job amid the coronavirus outbreak, a top official says.
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