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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.

Media Wire

Iran Leader Calls for Upgrading 50-Year Paradigm of Progress

IFP Media Wire -
Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei asked Iranian elites and experts for their consultative opinion on various aspects of the Islamic-Iranian Paradigm of Progress in order to upgrade the document which defines a roadmap for the next 50 years.
IFP Exclusive

Iran to Host First Silk Road Festival

IFP Editorial Staff -
The Iranian capital of Tehran is to host the first edition of Silk Road festival as one of the largest international, cultural, artistic, tourist, economic, trade and scientific festivals in the world.
IFP Exclusive

“Iran Finds New Oil Clients ahead of US Sanctions”

IFP Editorial Staff -
Iran's First Vice-President Es’haq Jahangiri says the Islamic Republic has found new customers for its crude oil after a number of its former clients stopped their purchases over fear of the US’ November sanctions.
IFP Exclusive

Iranian Car Designer Builds Nice Copy of Lamborghini

IFP Editorial Staff -
A talented Iranian youth has managed to design and build a high-quality version of Lamborghini Murciélago in the northwestern city of Tabriz.
IFP Exclusive

Iran’s Beauties in Photos: Gilan Weekly Markets

Fatemeh Askarieh -
The weekly markets of Gilan province in northern Iran have a long history as the first cities and towns of the province in the south of the Caspian Sea were formed based on weekly markets.
IFP Exclusive

CFT Bill Ratified by Parliament Thanks to Larijani’s Prudence: Reformist

IFP Editorial Staff -
An Iranian reformist figure has recounted how Parliament Speaker Ali Larijani’s prudence rendered ineffective the scenarios orchestrated by radicals to prevent the ratification of the bill on Iran’s accession to the Combating the Financing of Terrorism (CFT) convention.
IFP Exclusive

Iran Leader Urges “Decisive Decisions” to Settle Economic Difficulties

IFP Editorial Staff -
Ayatollah Seyyed Ali Khamenei , the Leader of Iran’s Islamic Revolution, has ordered top officials to take “decisive decisions” to handle key challenges facing the country’s economy, including a plunge in the value of national currency.
IFP Exclusive

Iran Wins another Legal Battle against US

IFP Editorial Staff -
An Italian appeal court has rejected a lawsuit by the US that called for the seizure of $5 billion worth of Iranian assets in Italy, in a second win for Tehran in its legal battle against the US this month.
IFP Exclusive

Europe’s Banking Mechanism to Help Expand Iran Foreign Trade: UK

IFP Editorial Staff -
The British ambassador to Iran says the special mechanism the EU is working to create to facilitate trade with Iran can also be used by other countries, protecting Iran from efforts by the US to hamper its Asia and Europe trade.
Media Wire

US Exempts Iran-UK Joint Gasfield from Its Sanctions

IFP Media Wire -
The US administration has beaten its first retreat on planned sanctions against Iran, allowing a gasfield partly owned by the Islamic Republic in the North Sea to keep operating.
Media Wire

Iran Ready to Establish Joint Fund with Bulgaria

IFP Media Wire -
Iranian Parliament Speaker Ali Larijani called for setting up a joint fund with Bulgaria to boost bilateral trade interaction.
IFP Exclusive

Iran among Top Seven Powers in Military Drone Industry: Top General

IFP Editorial Staff -
Chief of Staff of the Iranian Armed Forces Major General Mohammad Baqeri says the country has made such a big progress in the military drone industry that it is now among top seven powers across the globe.
IFP Exclusive

“Iran’s Failure to Join CFT to Give US Pretext to Boost Its Pressure”

IFP Editorial Staff -
The Iranian Foreign Ministry has reiterated the need for Tehran’s accession to the convention on Combating the Financing of Terrorism (CFT), saying the country’s failure to do so will provide the US with the pretext to increase its pressure on the Islamic Republic.
IFP Exclusive

Iran’s Guardian Council Won’t Be Intimidated by CFT Opponents

Alireza Hashemi -
The spokesman for Iran’s legislative watchdog says the body will not be intimidated by opponents of Iran’s joining a UN convention against the financing of terrorism, who have in recent days been pressuring the parliament not to approve the plan.
Media Wire

Neither Saudis, nor Others Can Replace Iran’s Oil: Minister

IFP Media Wire -
Iran's Minister of Petroleum Bijan Zangeneh dismisses the rhetoric by the Saudi crown prince about Riyadh's capability to replace sanctions-hit Iranian oil, saying that the global market will never believe such claims.
IFP Exclusive

Parliament Approves Iran’s CFT Accession

IFP Editorial Staff -
Iranian legislators have passed a bill that gives the government the green light to join an international convention on fighting the sponsoring of terrorism.
Media Wire

Recent Rise in Oil Prices Offsets US Sanctions: Iran

IFP Media Wire -
A senior Iranian official says the recent rise in oil prices has offset the impact of US sanctions on Iran’s oil exports, with the country’s oil revenues up 16 percent in the past six months.
IFP Exclusive

Iran, Turkey Sign Three Agricultural MoUs

IFP Editorial Staff -
Iran and Turkey have signed two agreements on promotion of mutual cooperation in veterinary and one on the development of beekeeping industry.
IFP Exclusive

Iran, Russia to Ditch US Dollar in Bilateral Trade

IFP Editorial Staff -
Governor of the Central Bank of Iran Abdolnasser Hemmati says Tehran and Moscow are seeking to carry out transactions using their national currencies, gradually ditching dollar and other currencies in their trade relations.
IFP Exclusive

Number of Tourists Visiting Iran Increases by 50%

IFP Editorial Staff -
A senior Iranian official says the number of tourists who visited Iran in the first six months of the current Iranian year (started March 21) rose by 51 percent compared to the same period in the past year, and that cheap prices is expected to lure more tourists.
IFP Exclusive

Leader: Iran Will Definitely Overcome US Sanctions

IFP Editorial Staff -
The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says the country will definitely foil the enemy’s economic plot and overcome the sanctions through unity.
IFP Exclusive

“Drop in Oil Prices Hinges on Removal of US Sanctions on Iran”

IFP Editorial Staff -
Iran’s oil minister has rejected US President Donald Trump’s remarks that OPEC is to blame for the rise in oil prices, urging Washington to stop trying to hamper Iran’s oil trade if it really wants a drop in global oil prices.
IFP Exclusive

“What’s ISIS Doing within Three Miles of US Forces in Syria,” Iran Asks

IFP Editorial Staff -
A senior Iranian security official has rejected US objection that Iran’s firing of missiles on ISIS positions in Syria has endangered US troops in Syria, asking what they were doing within three miles of terrorists in the region.
IFP Exclusive

Iranians Selling Their Greenbacks Overnight as Rial Regains Lost Value

IFP Editorial Staff -
Huge crowds of people are seen in viral photos and videos flocking to foreign currency markets on Monday night to sell their US dollars as its rate went on a downhill spiral and experienced a historic plunge of over 20 percent in a few hours.
IFP Exclusive

Iran’s Underground River to Help Ease Water Problems

IFP Editorial Staff -
A lawmaker says Iran’s energy ministry and vice presidency for science and technology are carrying out a project in Iran’s south-eastern province of Sistan and Baluchestan to ease the region's water problems using an underground river.
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