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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

Japan Begins Importing Oil from Iran: CBI Governor

IFP Editorial Staff -
Governor of Central Bank of Iran says after China, South Korea, India and Turkey, Japan has begun the process of importing oil from the Islamic Republic.
Media Wire

Int’l Energy Exhibition to Start in Iran’s Persian Gulf Island

IFP Media Wire -
The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.
IFP Exclusive

Iran, Iraq to Raise Trade Volume to $20 Billion

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif says Tehran and Baghdad can increase annual trade volume to 20 billion dollars and if the ground is prepared, the Islamic Republic is ready to proudly share its achievements in energy, engineering, agriculture and trade areas with the Iraq.
IFP Exclusive

Works of Art Fetch Over $3m at Tehran Auction

Fatemeh Askarieh -
Items at an auction in the Iranian capital, Tehran, have sold for a record of over three million USD.
IFP Exclusive

Daffodil Festival Underway in Iran’s Behbahan

IFP Editorial Staff -
The city of Behbahan in the east of Iran’s Khuzestan Province is nationally known for its ancient Daffodil gardens.
IFP Exclusive

Every Day Several Clients Ask to Buy Iran’s Oil: Official

IFP Editorial Staff -
Iran’s deputy oil minister says every day 5 or 6 purchasers send their request to buy oil from Iran, but the names will not be revealed as the enemies may misuse that information.
IFP Exclusive

‘Anti-Iran Summit in Poland Shows US Frustration with Previous Plots’

IFP Editorial Staff -
The governor of Iran’s Central Bank says the US’ plan to organize an anti-Iran conference in Warsaw signals Washington’s frustration with its previous anti-Iran plots.
IFP Exclusive

US-China Trade War Offers Iran Ample Opportunities to Circumvent US Sanctions

IFP Editorial Staff -
The escalating trade war between the US and China could in many ways benefit Iran, which has been a victim of US punitive measures just like China, a report published by Fararu news website reads.
IFP Exclusive

Iran Not to Wait for Europeans: Zarif

IFP Editorial Staff -
Iran’s foreign minister says the country will not wait for the Europeans and will work with its traditional partners.
IFP Exclusive

Iranian Official Hopeful Ditching Dollar Boosts Iran-India Trade

IFP Editorial Staff -
An Iranian official expressed hope plans to ditch dollar in bilateral trade between Iran and India would soon go into effect, allowing the two countries’ private sector companies to cooperate to realize a trade target of $30 billion.
IFP Exclusive

Iran Reliable Supplier of Oil for India: FM Zarif

IFP Editorial Staff -
Iran’s foreign minister says the country has always been, and will remain a reliable supplier of petroleum for India.
IFP Exclusive

Iranian Youth Cultivates Saffron in Mars-like Conditions

IFP Editorial Staff -
A young Iranian man from the city of Maku in West Azarbaijan province has succeeded in creating planting conditions similar to Mars in order to cultivate saffron without using soil. He has spent only $ 500 USD to work on this initiative.
IFP Exclusive

Iran’s FM to Travel to India to Deepen Ties

IFP Editorial Staff -
Iran’s foreign ministry spokesman Bahram Qassemi says the Foreign Minister of the Islamic Republic Mohammad Javad Zarif will visit India on Monday January 7, at the head of a high-level political and economic delegation.
IFP Exclusive

CBI Offers to Lop Four Zeroes Off National Currency

IFP Editorial Staff -
The governor of the Central Bank of Iran says the body has submitted a proposal to the government to remove four zeroes from the national currency, reviving a shelved plan to keep up with rampant inflation.
IFP Exclusive

Iran Bans Advertisement of Foreign Goods

IFP Editorial Staff -
Iranian lawmakers have approved a new law banning any advertisement of foreign products with the goal of supporting domestic production.
IFP Exclusive

Iran Warns Europe Time for Saving JCPOA Coming to End

IFP Editorial Staff -
The spokesman for Iran’s Foreign Ministry has cautioned the European Union it should be quick to take measures to salvage the 2015 nuclear deal, since Iran is running out of patience with Europeans due to their failure to fulfill pledges to compensate for the US withdrawal.
IFP Exclusive

France Stops Oil Imports from Iran

IFP Editorial Staff -
France as one of the signatories to the nuclear deal, which had promised to protect Iran's foreign trade against US sanctions along with two European countries of Germany and the UK, has stopped oil imports from Iran in September before oil sanctions come into force.
IFP Exclusive

Iran’s Expediency Council Ratifies Second FATF-Related Bill

IFP Editorial Staff -
Iran’s state arbitration body has approved a bill to amend Iran’s anti-money laundering law in compliance with the Financial Action Task Force guidelines, pushing Iran closer to meeting the requirements for getting out of the global standard setter’s black list.
IFP Exclusive

Is CBI Preparing to Lop Four Zeroes Off National Currency?

IFP Editorial Staff -
A new banknote unveiled by Iran’s CBI on Tuesday has fueled rumours the government is preparing to remove four zeros from the Iranian currency, rial.
IFP Exclusive

‘Iran, Syria’s Top Priority in Reconstruction Projects’

IFP Editorial Staff -
The Syrian ambassador to Tehran says Damascus gives priority to Iran when it comes to the reconstruction of the war-torn country.
IFP Exclusive

Iran to Continue Exporting Electricity to Iraq: Energy Minister

IFP Editorial Staff -
Iranian Energy Minister Reza Ardakanian says the Islamic Republic will keep up exporting electricity to Iraq to satisfy vital needs of the neighbouring nation.
IFP Exclusive

Iran to Hold 3rd Round of Direct Oil Sales Next Week: Minister

IFP Editorial Staff -
Iran's Oil Minister Bijan Zanganeh says the third round of direct sale of oil to non-government traders through oil bourse may be held next week.
Media Wire

Iran Oil Revenues Decreased 28 Percent in New Budget Proposal

IFP Media Wire -
The state budget for the new Iranian year starting on March 21 assumes $21 billion of oil revenues, about 28 percent lower than this year's budget, Government spokesman Mohammad Reza Nobakht has said.
IFP Exclusive

‘European Firms Planning to Establish Trade Ties with Iran’

IFP Editorial Staff -
An official says although the European mechanism to keep economic ties with Iran despite US sanctions has not yet been implemented, a number of European firms have contacted Iranian officials to plan to establish business ties with the country.
IFP Exclusive

Iranian President Submits Budget Bill to Parliament

IFP Editorial Staff -
Iran’s President Hassan Rouhani has appeared before lawmakers on Tuesday to submit an annual budget of $47.5 billion for the next Iranian calendar year (to start on March 21).
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