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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

Knowledge-Based Activities Make Iran Resistant to Sanctions: VP

IFP Editorial Staff -
Iran’s vice president says knowledge-based economy makes the country resistant to sanctions.
IFP Exclusive

Iran, Turkey Discuss Ways to Revive Ancient Silk Road 

IFP Editorial Staff -
Iranian Minister of Roads and Urban Development Mohammad Eslami has held talks with Turkish officials over the revival of the ancient Silk Road as well as the expansion of transportation ties between the two sides.
IFP Exclusive

Iran Says No Ban on Mahan Air’s Flights to/from Germany

IFP Editorial Staff -
Iran has dismissed media reports that its Mahan Air's flights to and from Germany will be halted over the US sanctions.
IFP Exclusive

India Continues to Buy Oil from Iran: Envoy

IFP Editorial Staff -
India’s ambassador to the Islamic Republic of Iran says Indian oil imports from Iran has not been cut off and will continue.
IFP Exclusive

Iranian, Turkish Presidents Explore Grounds for Closer Trade Ties

IFP Editorial Staff -
Iranian President Hassan Rouhani and his Turkish counterpart Recep Tayyip Erdogan have explored avenues for expanding business cooperation in a meeting in Ankara on Thursday.
IFP Exclusive

‘Finnish Firms Waiting for EU’s SPV to Do Business with Iran’

IFP Editorial Staff -
Finland says its small- and medium-sized companies are still interested in promoting their business cooperation with Iran, but are waiting for the European Union to establish its special payment mechanism, known as Special Purpose Vehicle (SPV), to facilitate trade with Iran under the US bans.
IFP Exclusive

Iranians Getting Prepared to Celebrate Yalda Night

IFP Editorial Staff -
Yalda is the longest night of the year in the Iranian calendar, during which Iranians celebrate winter solstice along with their families.
Media Wire

Huge Oil, Gas Reserves Discovered in North-West of Iran

IFP Media Wire -
Iran is currently scouring 60 percent of its total area for new oil and gas reserves, including in places which were deemed until recently the least likely to have hydrocarbon-bearing formations.
IFP Exclusive

Iran Must Accelerate FATF Accession amid Israel Inclusion

Alireza Hashemi -
Israel’s accession to the global anti-money laundering makes it more difficult for Iran to join the Financial Action Task Force, an Iranian media outlet said, arguing for quicker approval of parliamentary legislations required for Iran getting out of the body’s black list.
IFP Exclusive

IOSCO Promotes Iran’s Membership Status

IFP Editorial Staff -
The International Organization of Securities Commissions has promoted the membership status of Iran’s Securities and Exchange Organization.
IFP Exclusive

Iranian Rial Regains Lost Value as Forex Market Returns to Stability

Alireza Hashemi -
The Iranian rial continued its upward spiral on Saturday, pushing more and more of ordinary people to sell the US dollars they had purchased to prevent their money from losing its value.
IFP Exclusive

Tehran Hosting Organic Food Fair ahead of Yalda Night

Fatemeh Askarieh -
The Iranian capital Tehran is hosting an exhibition of organic food products a few days before the Yalda Night, the longest night of the year celebrated by Iranians across the world based on an ancient tradition.
IFP Exclusive

Erdogan Calls for Promotion of Trade with Iran

IFP Editorial Staff -
Turkish President Recep Tayyip Erdogan has highlighted the need for further expansion of bilateral trade between Tehran and Ankara in the face of the US sanctions on the Islamic Republic.
Media Wire

Iran Blasts Pakistan for Dragging Feet on Gas Pipeline

IFP Media Wire -
Iranian Oil Minister Bijan Namdar Zanganeh deplored Pakistan’s inaction on completion of a gas pipeline under an agreement with Tehran, saying three foreign countries have put pressure on Pakistan to halt the project.
IFP Exclusive

President Rouhani under Fire for FATF Remarks

IFP Editorial Staff -
Conservative media in Iran have harshly criticized President Hassan Rouhani for implying that the costs of living will be increased by 20% without cooperation with foreign banks.
IFP Exclusive

US Sanctions Failed to Disrupt Iranian Economy: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani says the US has failed to negatively impact the Iranian economy by re-imposing its sanctions in November, as life has been made much easier for people since then.
IFP Exclusive

Iran VP in South Africa to Boost Scientific Cooperation

IFP Editorial Staff -
A group of Iranian knowledge-based companies headed by the country’s Vice-President for Science and Technology Sorena Sattari have headed to South Africa to develop their ties with their African counterparts.
IFP Exclusive

Iran to Miss Opportunities If It Fails to Adopt FATF: Rouhani

IFP Editorial Staff -
Iranian president says without adoption of the standards set by the Financial Action Task Force (FATF) and cooperation with foreign banks, chances will be lost and it will be 20% more costly to resolve the country’s economic problems.
IFP Exclusive

Iran Says OPEC Agreement Deals Further Blow to US

IFP Editorial Staff -
Iranian President Hassan Rouhani says the US sustained another defeat after the member states of the Organization of the Petroleum Exporting Countries (OPEC) reached consensus on new cuts.
IFP Exclusive

India to Remain in Chabahar despite Suicide Attack: Iran

IFP Editorial Staff -
An Iranian official has rejected the unfounded claims that Indians have left the southeastern port city of Chabahar following the recent terrorist attack there, saying the investment projects are progressing as fast as possible.
Media Wire

Rouhani’s Gov’t Unveils Next Fiscal Year’s Budget Bill

IFP Media Wire -
Mohammad Baqer Nobakht, head of Iran’s Budget and Planning Organization, says the budget bill for the next Iranian calendar year that begins on 21 March 2019 has been submitted to the Parliament.
IFP Exclusive

Rare Ornamental Fish Bred in Iran’s Shiraz

IFP Editorial Staff -
A young man in southern Iran is commercially breeding Discus, a special and magnificent aquarium fish indigenous to the Amazon River.
IFP Exclusive

OPEC Agrees on Output Cut, Exempts Iran

IFP Editorial Staff -
Members of the Organization of the Petroleum Exporting Countries (OPEC) on Friday agreed on a cut in their oil production level but exempted Iran from the reduction.
IFP Exclusive

‘Europeans to Launch Iran Payment Channel by Year-End’

IFP Editorial Staff -
Head of the Atomic Energy Organization of Iran says Tehran hopes the Europeans would establish the Special Purpose Vehicle (SPV), the mechanism aimed at bypassing the US bans on Iran, by the end of December.
IFP Exclusive

‘Chabahar Attack Aimed at Hampering Foreign Investment’

IFP Editorial Staff -
An Iranian official says the recent terrorist attack in the port city of Chabahar in southeastern Iran was plotted by the enemies of Iran which seek to hamper foreign investment in Iran’s Makran coasts.
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