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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

12 Air Taxis to Become Operational in Iran by March 2020

IFP Editorial Staff -
A dozen air taxis will become operational in the skies over Iran by March 2020, an official said, stressing that the initiative was arranged in coordination with the country’s Civil Aviation Organization.
IFP Exclusive

Saudi Arabia Demanding ‘Ransom’ to Let Iran Ship Go

IFP Editorial Staff -
Iran says Saudi Arabia is refusing to allow an Iranian oil tanker leave the port of Jeddah, demanding what it calls 'ransom money'.
IFP Exclusive

Why and How to Get Iran’s Residency

IFP Editorial Staff -
A new by-law passed by the Iranian government provides foreign nationals, particularly those from Afghanistan, with a new chance to get Iran’s residency. But why and how should they do that?
IFP Exclusive

Iran to Display Knowledge-Based Food Products at Turkey Expo

IFP Editorial Staff -
Iranian knowledge-based products will be displayed at CNR Food Istanbul, a food show in Turkey, later in September, 2019.
Media Wire

Iran Says Exempted from OPEC Output Cut Deal

IFP Media Wire -
Iranian Oil Minister Bijan Namdar Zanganeh hailed a Tuesday meeting of the Organization of the Petroleum Exporting Countries (OPEC) as “good” and said the Islamic Republic was again exempted from the oil output restrictions.
IFP Exclusive

First Iranian Female Miner Talks of Her Adventure

IFP Editorial Staff -
Mahnaz Mirzaee is the first Iranian woman miner and has been promoted to the position of the mine chief after 14 years now.
IFP Exclusive

Oil Minister: INSTEX Must Provide Iran’s Petrodollars

IFP Editorial Staff -
The financial channel that the European parties to the 2015 Iran nuclear deal have set up to maintain trade with Iran, known as INSTEX, would be pretty useless if it does not supply Iran with its petrodollars, the country’s oil minister has said.
IFP Exclusive

Iran Says Not Satisfied with INSTEX Implementation

IFP Editorial Staff -
Iran’s Foreign Ministry Spokesman says the way that the European financial mechanism, INSTEX, is currently being implemented is not what Iran has been asking for.
IFP Exclusive

Rouhani Urged to Learn from JCPOA, Not Be Deceived by INSTEX

IFP Editorial Staff -
Iranian conservative daily Kayhan has warned the administration of Hassan Rouhani against accepting the INSTEX, a special trade mechanism proposed by Europe, saying that Tehran must not be deceived by the “void” package once more.
IFP Exclusive

Investors Can Obtain Residence Permit in Iran

IFP Editorial Staff -
The Iranian administration has passed a piece of legislation that allows foreign individuals to receive a temporary residence permit in Iran by investment.
IFP Exclusive

Crypto Mining with Industrial Electricity Is Illegal: Iranian Speaker

IFP Editorial Staff -
It is illegal in Iran to use the subsidized electricity available to the industrial businesses for running cryptocurrency mining machines, Parliament Speaker Ali Larijani announced.
IFP Exclusive

‘Iran Working on Forex Plans Independent of INSTEX’

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) says the country has plans to work independently from the European Instrument in Support of Trade Exchanges (INSTEX), which has so far failed to help Iran reap the benefits of the Iran nuclear deal in the face of the US bans.
IFP Exclusive

‘INSTEX Implemented Too Late, Can’t Secure Iran’s Interests’

IFP Editorial Staff -
An Iranian lawmaker says the INSTEX, the European financial mechanism aimed at keeping economic ties with Iran normal amid the US sanctions, does not meet Iran’s interests as it is being implemented too late.
IFP Exclusive

EU Says Iran Trade Channel, INSTEX, Now Operational

IFP Editorial Staff -
Iran and other parties to the Joint Comprehensive Plan of Action have wrapped up a key meeting of the JCPOA by releasing a joint statement.
IFP Exclusive

IRGC Expert: US Spy Drone Brought Down by Single Shot

IFP Editorial Staff -
An IRGC officer unveiled more details of a recent operation against a US spy drone that had violated the Iranian airspace, saying the intruding aircraft was shot down with the first and only missile fired by a homegrown air defence system that hits targets at altitudes as high as 90,000 feet.
IFP Exclusive

Iran’s Oil Exports on Rise Despite US Sanctions: Official

IFP Editorial Staff -
The Governor of the Central Bank of Iran says the Islamic Republic has successfully conquered the peak of resistance and the exports of Iran’s oil is on the rise despite the US bid to bring them down to zero.
Media Wire

Iran’s Power Generation Rises despite US Sanctions

IFP Media Wire -
Iran next week will add 1,300 megawatts of new power capacity to its national grid which is under strain from runaway demand driven up by sizzling summer temperatures.
Media Wire

Iran Dismisses Reports of Drop in Oil Sales

IFP Media Wire -
The oil minister of Iran quashed rumors about a slump in the country’s oil sales.
IFP Exclusive

Iranian Teacher Selling Solar Energy to Support Poor Kids

IFP Editorial Staff -
A teacher in Sistan and Baluchistan province in south-east of Iran has begun to work on electricity production to help the needy schoolchildren.
IFP Exclusive

Scientists Generate Clean Energy Using Water Molecule

IFP Editorial Staff -
Iranian researchers have managed to produce clean energy and electricity through the use of H2 that exists in the water molecule.
IFP Exclusive

Cryptocurrency Miners in Iran Warned of Power Cut

IFP Editorial Staff -
An Iranian energy official has warned the people producing Bitcoins and other digital currencies in the country that they are going to be detected and face a power cut.
IFP Exclusive

Iran Says Ready to Fulfil Iraq’s Air Defence Needs

IFP Editorial Staff -
A top Iranian military official says the Islamic Republic is fully prepared to help the neighbouring Iraq fulfil its air defence needs.
IFP Exclusive

Iran Says FATF Ratification Depends on Trump’s Behaviour

IFP Editorial Staff -
Ahmad Tavakoli, a member of Iran’s Expediency Council, says the country’s ratification of the bills required for taking Iran out of the FATF blacklist depends on the US president’s behaviours, and thus the Council has postponed reviewing the bills until a ripe time.
IFP Exclusive

‘Non-Oil Exports from Iran’s Chabahar Port Doubled’

IFP Editorial Staff -
An Iranian official says non-oil exports from the strategic Chabahar port in south-eastern Iran has grown by 100% in the first quarter of the current Iranian year compared to the same period last year.
IFP Exclusive

Iranian Automaker May Use Peugeot Logo on Homegrown Car

IFP Editorial Staff -
CEO of Iran’s leading carmaker Iran Khodro (IKCO) has said his company feels free to use the logo of Peugeot on the 301 model, because the sedan has been fully manufactured inside Iran after the French automaker Peugeot violated its contract and left the country in the shadow of US sanctions.
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