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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

Iran Says Close to Deal with EU, Russia, China on Financial Mechanism

IFP Editorial Staff -
Iran’s Foreign Ministry Spokesman Bahram Qassemi says Tehran is closing in on reaching a mutual understanding with Europe, Russia and China regarding different issues including the European financial mechanism.
Media Wire

Three Sentenced to Death for Economic Corruption: Iran’s Judiciary

IFP Media Wire -
Iran's judicial officials have handed down death sentences to three people convicted of economic corruption amid an intense anti-corruption campaign launched by the Iranian government to tackle soaring economic problems currently nagging the country.
IFP Exclusive

Iran, EU on Verge of Oil Deal in Defiance of US Bans: Zarif

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif says Tehran is closing in on a deal to sell oil to European nations despite the US threats of sanctions against any countries that do business with Iran.
IFP Exclusive

Most Popular Side Businesses Run by Iranian Celebrities

Fatemeh Askarieh -
Either for gaining more income or just for the sake of personal interest, celebrities in Iran – from football players to actors – nowadays have second jobs in various economic fields.
IFP Exclusive

Preparing Doushab; Old Tradition among Iran’s Date Farmers

IFP Editorial Staff -
At the end of the harvest season, palm farmers in Iran’s southern province of Hormozgan cook the surplus of the dates and use them to make “Doushab” or date syrup.
IFP Exclusive

Protest Rally Held before Iran Parliament against FATF-Related Bill

IFP Editorial Staff -
A crowd of conservatives gathered in front of the Iranian parliament on Sunday to protest against a bill on Iran’s accession to Combating the Financing of Terrorism (CFT) convention, which is to be put to a vote in the parliament this week.
IFP Exclusive

Striking Lorry Drivers in Iran Demand Tyres, Higher Wages

IFP Editorial Staff -
Lorry drivers in Iran have staged temporary strikes during the recent months, calling on the authorities to increase their wages and control the tyre market, which has put the drivers under great pressure.
IFP Exclusive

“Iran’s Enemies Have Replaced Suicide Operations with Bioterrorism”

IFP Editorial Staff -
A senior Iranian general says the enemy has replaced suicide attacks with bioterrorism using transgenic products.
IFP Exclusive

Iran, India Discuss Ways to Expand Economic Ties

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif and his Indian counterpart Sushma Swaraj have discussed ways to expand mutual economic ties between the two sides in a Wednesday meeting in New York.
IFP Exclusive

Researchers Develop Product to Increase Food’s Shelf-Life

IFP Editorial Staff -
A group of Iranian scientists has managed to produce a new oxygen-absorbing pad for food packages that can help reduce food waste and consequently improve food security.
IFP Exclusive

Iran Parliament Passes FATF Bills; Expediency Council to Make Final Call

IFP Editorial Staff -
Iran’s Parliament speaker says two parliamentary bills required for Iran’s accession to the global anti-money laundering body FATF have been unanimously ratified by the Parliament after being rejected by the Guardian Council, and will soon be put to vote at the country’s Expediency Council.
IFP Exclusive

China Vows to Continue Normal Business Ties with Iran

IFP Editorial Staff -
Chinese Foreign Minister Wang Yi says his country will continue its normal economic cooperation with the Islamic Republic of Iran despite the US’ sanctions on Tehran.
IFP Exclusive

Foreign Ministry Explains Why Iran Needs to Adopt FATF Standards

IFP Editorial Staff -
The Iranian Foreign Ministry has released a statement to answer a number of frequently asked questions and concerns regarding the Islamic Republic of Iran’s engagement with the Financial Action Task Force (FATF).
Media Wire

Iran’s Hails OPEC’s Decision to Reject Trump’s Call for Output Hike

IFP Media Wire -
Iranian minister of petroleum has welcomed OPEC's decision effectively rebuffing President Donald Trump’s calls for a hike in oil output, saying US dream to zero Iran's oil exports would not realize.
IFP Exclusive

Oil Prices to Go Down If Trump Keeps Quiet: Iran

IFP Editorial Staff -
Iran’s envoy to the Organization of Petroleum Exporting Countries (OPEC) says the oil prices may go down as US President Donald Trump wants only if he keeps quiet and stop posting tweets.
Media Wire

Iran Raps Trump’s Pressure on Oil Pruducers to Boost Output

IFP Media Wire -
Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.
IFP Exclusive

Iran Saves $540m by Decreasing Sugar Imports

IFP Editorial Staff -
An official at Iran’s agriculture ministry says the production of sugar in the country has been increased, and the Islamic Republic has managed to save $540 million this year by decreasing sugar imports.
IFP Exclusive

Iran’s Economy Grows 1.9% in April-June Quarter

IFP Editorial Staff -
Iran’s Statistics Centre says the country’s economy posted a 1.9-percent gain in the three months to June 21, 2018, exclusive of oil sales.
IFP Exclusive

Rial’s Depreciation Threatening Iran’s Border Markets

IFP Editorial Staff -
Media reports show that people of Iraq, and also other neighbours of Iran, are flocking to border markets of the Islamic Republic amid the historic devaluation of rial, turning basic commodities into rare goods for local residents.
Media Wire

Iran President, Japan PM to Discuss US Sanctions in New York

IFP Media Wire -
Japanese Prime Minister Shinzo Abe is planning to hold talks with Iranian President Hassan Rouhani later this month in New York following the reinstatement of sanctions against the Middle Eastern country by the United States, a Japanese government source said.
IFP Exclusive

Confectionery Exhibition Underway in Tehran

IFP Editorial Staff -
Tehran's Sweets and Chocolate Exhibition, the biggest of its kind in the Middle East, is open to visitors at the permanent fairground of the Iranian capital.
IFP Exclusive

Turkey Calls for Establishment of Joint Bank with Iran

IFP Editorial Staff -
A Turkish business official says Iran and Turkey could move to create a joint bank to facilitate economic cooperation, saying it would help the two countries achieve a $30 billion target for bilateral trade.
IFP Exclusive

New iPhones Available for Pre-Order in Iran at Astronomical Prices

IFP Editorial Staff -
Apple’s latest flagship iPhone series, XR and XS, have been put up for pre-order in Iran, but the prices are so astronomical that only the super rich can afford them!
IFP Exclusive

Iran Says Two US Departments Manipulating Its Currency Market

IFP Editorial Staff -
A report by the Iranian government says the US state and treasury departments, along with the country’s intelligence bodies, have started concerted efforts to manipulate Iran’s currency market.
IFP Exclusive

Iran to Sue ATR for Failure to Deliver Passenger Planes

IFP Editorial Staff -
Iran says it will file a complaint against the Italian-French aircraft manufacturer ATR for not remaining committed to its obligations under its contract with the Islamic Republic.
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