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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.

Media Wire

Russia Says US’ Bid to Cut Iran’s Oil Exports to Zero Not Feasible

IFP Media Wire -
Russian Deputy Foreign Minister Sergei Ryabkov said he believes it is not possible for the “unrealistic” US to bring down Iran’s oil export to zero, as Washington is almost isolated internationally on this particular issue.
IFP Exclusive

Iran Can Meet Turkmenistan’s Trade Needs: President

IFP Editorial Staff -
Turkmenistan’s President Gurbanguly Berdimuhamedow says his country is fully prepared to expand its mutual ties with its southern neighbour, the Islamic Republic of Iran, in all areas, especially in business.
IFP Exclusive

Iran, India, Afghanistan Agree to Boost Cooperation on Chabahar

IFP Editorial Staff -
The first tripartite meeting of Iran, Afghanistan, and India was held on September 11, 2018 at the level of deputy foreign ministers in the Afghan capital of Kabul.
Media Wire

ATR to Replace Iran with Alternative Clients amid US Sanctions

IFP Media Wire -
The world’s largest commercial turboprop maker ATR is in talks with alternative buyers for seven remaining aircraft which it has to deliver to Iran under a $536 million deal, the company’s Italian shareholder Leonardo says.
IFP Exclusive

“US Claim of Bringing Iran’s Oil Sales to Zero Just Nonsense”

IFP Editorial Staff -
A senior Iranian official says the United States’ claim that it will bring Iran’s petroleum sales to zero is just nonsense.
IFP Exclusive

Trump’s Anti-Iran Sanctions to Lead Nowhere: Shamkhani

IFP Editorial Staff -
A senior security official says the US strategy of using sanctions to force the Iranian people to cave into its demands will lead nowhere, just as the former Iraqi dictator Saddam Hussein failed to impose his will on Iran during the 1980s Iran-Iraq war.
IFP Exclusive

Lalejin; A World Craft City with Zero Unemployment Rate

IFP Editorial Staff -
The city of Lalejin in Iran’s Hamadan province is globally known for its pottery, and this has helped the World Craft City to decrease its unemployment rate to almost zero.
IFP Exclusive

Forex Offices Allowed to Import Foreign Currencies to Iran

IFP Editorial Staff -
The governor of Iran’s Central Bank Abdolnasser Hemmati says the foreign exchange offices are now allowed to import foreign currency notes to the country.
IFP Exclusive

Iranian MPs to Review Bill on Iran’s CFT Accession

IFP Editorial Staff -
The Iranian parliament is to review a bill on Iran’s accession to Combating the Financing of Terrorism (CFT), which was earlier proposed by the government as part of measures to adopt the standards set by the Financial Action Task Force (FTAF).
Economy

Tehran, Moscow, Ankara Agree to Ditch US Dollar in Trade

IFP Editorial Staff -
Governor of the Central Bank of Iran (CBI) says important agreements have been reached with Russia and Turkey on oil sales and ditching the US dollar in bilateral trade.
Iran in Pictures

Iran’s Beauties in Photos: Sunflower Farms of Kurdistan

IFP Editorial Staff -
The fields of Kurdistan province in western Iran are among the most suitable ones for cultivating sunflower, whose seeds are widely used in Iran for oil extraction.
IFP Exclusive

Rouhani Inaugurates Three Petchem Projects in Southern Iran

IFP Editorial Staff -
Iranian President Hassan Rouhani on Tuesday inaugurated three new petrochemicals projects during his visit to the southern city of Asalouyeh in Bushehr Province.
Media Wire

Indian Refiners Allowed to Import Crude Oil Using Iranian Tankers, Insurance

IFP Media Wire -
India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s top shipper Shipping Corp of India halted voyages to Iran due to US sanctions, sources said.
IFP Exclusive

Iran’s Private Firms Called on to Partake in Syria’s Reconstruction

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif and Syrian Prime Minister Imad Khamis have discussed the stronger role of Iranian companies in the reconstruction of the war-torn Arab state.
IFP Exclusive

“US Resolved to Topple Iran Ruling System through Economic War”

IFP Editorial Staff -
Iranian ambassador to the United Kingdom says the US’ all-out economic war against Iran is aimed at overthrowing the Islamic Establishment through fomenting public dissatisfaction.
IFP Exclusive

UK Minister in Tehran to Discuss Business Ties despite US Bans

IFP Editorial Staff -
Iran and Britain are slated to hold a new round of bilateral talks in the Iranian capital Tehran on September 1, defying the US sanctions re-imposed by the Trump administration.
IFP Exclusive

Iran to Dispatch Skilled Workforce to UK, Germany

IFP Editorial Staff -
A senior official says skilled Iranian workforce will be dispatched to Germany and the United Kingdom as part of deals signed with the European countries.
IFP Exclusive

Iran Improves Stevia as Best Alternative to Artificial Sweeteners

IFP Editorial Staff -
Iranian scientists have managed to improve the quantitative and qualitative features of Stevia, a natural low-calorie sweetener, to replace artificial sweeteners.
IFP Exclusive

Iran Holds Festival in Thanksgiving for Blessing of Date Harvest

IFP Editorial Staff -
The city of Minab in southern Iran recently hosted the second edition of the Mogh and Moshta Festival, which is held in thanksgiving for the blessing of date harvest.
IFP Exclusive

Pollution-Hit Tehran Embraces New Bike-Sharing Start-up

IFP Editorial Staff -
A bike-sharing start-up was officially launched in the Iranian capital Tehran on Tuesday, in a move that city officials hope would help ease problems in the densely-populated, highly polluted city.
IFP Exclusive

Iran Developing National Blockchain Platform

IFP Editorial Staff -
An Iranian central bank official says the country is working to create its homegrown, seamless blockchain platform, which will enable the country to create a money transfer network involving Iran and its allies.
IFP Exclusive

Iran Calls for Opening Joint Shipping Line with Qatar

IFP Editorial Staff -
Iranian President Hassan Rouhani has called for further expansion of relations with Qatar, especially by launching a joint shipping line between the two Persian Gulf states.
IFP Exclusive

Iran’s Economy Minister Sacked by Parliament

IFP Editorial Staff -
Iran’s Minister of Economic Affairs and Finance Masoud Karbasian could not survive an impeachment by the Iranian Parliament and will have to leave his office.
Media Wire

Iran in Talks with Russia for Construction of New Nuclear Plant

IFP Media Wire -
Iran's Energy Minister Reza Ardakanian says the country has restarted negotiations with Russia to build a new nuclear power plant capable of generating up to 3,000 megawatts of electricity.
IFP Exclusive

Iran Waiting for EU to Guarantee Continued Oil Sales, Banking Ties: FM

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif says Tehran is still waiting for the European Union’s measures to guarantee the continued sale of Iran’s crude oil and maintaining banking ties with the bloc despite the US bans.
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