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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

Red Willow Production Cuts Unemployment in Iranian Village

IFP Editorial Staff -
A small village named Bezijan, located near the city of Arak in Iran’s Markazi Province, has come under the spotlight for its success in ending unemployment using red willow.
IFP Exclusive

Iran Leader Names 1398 ‘Year of Boosting Production’

IFP Editorial Staff -
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says “boosting domestic production” is the pivotal issue of the Persian New Year.
Economy

Why Dedicated Translation Service and Not Machine Translation Is Key to Business Growth

IFP Media Wire -
Popular search engines use machine translation to translate one language to another in seconds. But the problem with machine translation is it merely substitutes the words without really understanding the meaning behind them.
IFP Exclusive

Iran’s Exports Hit $70bn despite Sanctions: Customs Chief

IFP Editorial Staff -
Head of Iran’s Customs Administration says despite the cruel sanctions imposed by the US, the Islamic Republic’s oil and non-oil exports have reached $70 billion.
IFP Exclusive

Iran Inaugurates Four New Phases of South Pars Gas Field

IFP Editorial Staff -
Iranian President Hassan Rouhani on Sunday officially launched four new phases of South Pars, the world’s largest gas field located in the Persian Gulf in southern Iran.
IFP Coverage

Azerbaijan Opens Bridge on Highway to Iran: Report

IFP Editorial Staff -
The Azerbaijan Republic has opened a bridge in Salyan district on one of the main highways running to Iran, a report by Trend said.
Media Wire

Iran Says to Launch Mechanism Proportionate to INSTEX

IFP Media Wire -
Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati announced late on Friday that the mechanism proportionate to the channel introduced by the three European states will soon be registered in Tehran.
IFP Exclusive

Women Entrepreneurs Shining in Iran despite Sanctions

Seyedeh Maryam Hosseini Lahijani -
The “Women of the Sanctions Era” campaign composed of successful women entrepreneurs has recently gone viral on social media networks in Iran as the country is grappling with the “toughest sanctions ever” imposed by the US.
IFP Exclusive

‘Israel to Face Tough Response If Threatens Iranian Tankers’

IFP Editorial Staff -
Iran has vowed to give a crushing response to any move by the Israeli regime to block the Islamic Republic’s oil exports.
IFP Exclusive

Dubai Authorities Making Investment in Caspian Shores

Emad Askarieh -
Chief of the Dubai Ports Authorities, DP World, Sultan Ahmed Bin Sulayem recently paid a visit to Kazakhstan, investing in new infrastructure projects in the Caspian Sea ports and logistics sector of the Central Asian state.
IFP Exclusive

Iran Ready to Boost Ties with China within ‘One Belt, One Road’

IFP Editorial Staff -
Iranian Minister of Economic Affairs and Finance has called for expansion of mutual ties between Iran and China in all areas within the One Belt, One Road Initiative.
IFP Exclusive

Iran Produces Hybrid Solar Panels for Domestic Use

IFP Editorial Staff -
Scientists at an Iranian knowledge-based firm have managed to produce the country’s first hybrid solar panels used for domestic purpose.
IFP Exclusive

INSTEX Director in Tehran for Talks on Iran-EU Trade

Emad Askarieh -
The head of Europe's Instrument in Support of Trade Exchanges (INSTEX) with Iran is in Tehran to discuss how to put the special mechanism into force.
IFP Exclusive

Iran, Syria Sign 18 Deals to Expand Business Ties

IFP Editorial Staff -
Iran and Syria have signed at least 18 deals as part of a larger plan to expand their trade ties amid the US unilateral sanctions on the Islamic Republic.
IFP Exclusive

Iranian, Iraqi Presidents Agree on Enhanced Trade Ties

Emad Askarieh -
Iranian President Hassan Rouhani and his Iraqi counterpart Barham Salih have called for expansion of bilateral ties between the two neighbouring states in line with the interest of both nations.
IFP Exclusive

Iran President in Iraq to Expand Mutual Trade to $20bn

IFP Editorial Staff -
Iranian President Hassan Rouhani, who is currently on a historic visit to Iraq, says Tehran and Baghdad can easily raise their mutual trade to 20 billion dollars a year.
IFP Exclusive

‘Chabahar Port Symbol of Iran-India Mutual Cooperation’

IFP Editorial Staff -
Iranian President Hassan Rouhani says the Chabahar Port in southeastern Iran, which is being developed by Indian investors, is a symbol of cooperation between Tehran and New Delhi.
IFP Exclusive

Baku Sees No Obstacle to Enhanced Ties with Tehran: FM

IFP Editorial Staff -
Azerbaijani Foreign Minister Elmar Mammadyarov has called for further expansion of mutual cooperation between Tehran and Baku, saying his country does not see any obstacle to promotion of relations with Iran.
IFP Exclusive

US Doubles Trade with Iran but Bans Europe, Asia: Germany

IFP Editorial Staff -
While the US companies have doubled their trade volume with Iran, Washington continues to ban the European Union firms from doing business with the country, said a senior German official.
Media Wire

Iran President Opens Major Railway Line North of Iran

IFP Media Wire -
Iranian President Hassan Rouhani on Wednesday inaugurated a railroad line connecting the city of Qazvin to the provincial capital of Rasht in northern Iran.
IFP Exclusive

INSTC Members Agree to Expand North-South Transport Corridor

IFP Editorial Staff -
Member states of the International North-South Transport Corridor (INSTC) have agreed to increase the capacity of the special transport route, said Iran’s Minister of Roads and Urban Development Mohammad Eslami.
IFP Exclusive

‘Iran’s Trade with World to Get More Difficult without FATF’

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Bahram Qassemi says adoption of the standards set by the Financial Action Task Force (FATF) is not expected to remove all economic problems of Iran but failing to adopt them will hamper the country’s trade exchange with the outside world.
IFP Exclusive

Tehran Hosting Exhibition of Contemporary Art Jewelry

IFP Editorial Staff -
The third edition of Contemporary Art Jewelry Exhibition is underway in Arya Gallery north of the Iranian capital of Tehran.
Media Wire

Europe Must Take Practical Measures to Implement INSTEX: Iran

IFP Media Wire -
Iran’s Deputy Foreign Minister Abbas Araqchi called on Europe to adopt practical measures for saving the 2015 Iran nuclear deal and intensify efforts to implement INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Iran.
IFP Exclusive

FATF Accession Key to Surviving US Sanctions: Iran

IFP Editorial Staff -
If the Islamic Republic is to continue its trade exchanges with the outside world amid the harsh sanctions imposed on the country, it needs some specific work tools, one of which is the Financial Action Task Force (FATF), says Hossein Gharibi, an assistant to Iran’s foreign minister.
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