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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

Persian Carpet Exhibition Kicks Off in Tehran

IFP Editorial Staff -
The 27th edition of Persian Handmade Carpet Exhibition was started in the Iranian capital Tehran on Saturday, August 25.
IFP Exclusive

Rouhani Optimistic Iran Could Overcome Existing Challenges

IFP Editorial Staff -
The Iranian president says his government is determined to handle challenges the nation is facing, and he is optimistic the country will succeed in foiling hostile plots, just like the way it managed to discredit nuclear allegations against Iran.
IFP Exclusive

US Still Top Importer of Persian Rugs despite Sanctions

IFP Editorial Staff -
The United States is still the main importer of Iranian carpets despite the sanctions it has imposed on the country’s economy.
IFP Exclusive

US Will Desperately Grant Waivers on Iran Oil Bans: Analyst

IFP Editorial Staff -
Seyyed Mehdi Hosseini, a former deputy oil minister and an energy expert, says the US has no way but to grant sanction waivers to Iran’s oil customers.
IFP Exclusive

Iran Chamber of Commerce Says Tehran Must Join FATF

IFP Editorial Staff -
Iran’s Chamber of Commerce has urged the Rouhani administration to join the Financial Action Task Force (FATF), an international body which develops policies to combat money laundering.
IFP Exclusive

Scorpion Poison Trade: An Emerging Lucrative Business

IFP Editorial Staff -
The trade of scorpion venom has turned into one of the most lucrative emerging businesses in Iran, tempting many opportunists to get engaged in hunting or farming scorpions.
Media Wire

France’s Total Officially Withdraws from Iran’s South Pars Gas Project

IFP Media Wire -
Iran’s Petroleum Minister Bijan Zanganeh says French energy giant Total has officially left the country, ending speculations over whether it would stay to finish a gas project following the return of US sanctions against the Islamic Republic.
IFP Exclusive

Iranian Firm Using Nanotechnology in Paint, Coating Industry

IFP Editorial Staff -
An Iranian knowledge-based company producing electrostatic nanostructured powder coatings has managed to use nanotechnology in its paint and coating products.
IFP Exclusive

Date Harvest Season Begins in Southern Iran

IFP Editorial Staff -
The date harvest season has been kicked off in the hottest regions of Hormozgan province in southern Iran, and is slowly spreading across all southern regions.
IFP Exclusive

“FDD Plotting to Depreciate Value of Turkish Lira”

IFP Editorial Staff -
A complicated plot hatched by the Foundation for Defence of Democracies (FDD) and the funds provided by the UAE and Saudi Arabia have been at work to decrease the value of the Turkish national currency, a media report claims.
IFP Exclusive

Gemstone Processing; Untapped Business Opportunity for Iranians

IFP Editorial Staff -
Gemstone processing is a great area for investment, particularly in a resource-rich country like Iran. However, the country has a long way to go if it wants to use the untapped but profitable opportunity.
IFP Exclusive

Iran Slams Disrespect for Islamic Headscarves at Tbilisi Airport

IFP Editorial Staff -
Iran’s Foreign Ministry Spokesman Bahram Qassemi says the country has lodged its strong protest with Georgia over the problems which some Iranian passengers faced at Tbilisi airport.
IFP Exclusive

Saudi Tourists Flocking to Turkey’s Shops amid Lira Plunge

IFP Editorial Staff -
Tourists from Saudi Arabia and other regional countries are flocking to high-end shops in Turkey, as a historic plunge in the value of the country’s national currency has made prices extremely affordable for foreigners.
IFP Exclusive

Turks Break iPhones into Pieces in Response to Erdogan’s Call

IFP Editorial Staff -
A number of Turkish citizens have broken their iPhones into pieces in response to a call by President Recep Tayyip Erdogan to boycott US electronics amid escalating tensions between Ankara and Washington.
IFP Exclusive

Mismanagement, Not Sanctions, Main Cause of Iranian Currency Devaluation: Leader

IFP Editorial Staff -
Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has blamed the government for the ongoing economic crisis in the country, saying the internal factor has been much more effective than external ones like sanctions.
Media Wire

Iran Leader Urges “Swift, Just” Prosecution of Those Involved in Economic Corruption

IFP Media Wire -
In response to a letter by Head of Iran's Judiciary Branch, seeking permission to take special measures in order to confront economic corruption, the Leader of the Islamic Revolution approved the request and called for “swift and just” legal action against economic corruption.
Media Wire

France’s Peugeot Urged to Pay Penalty for Leaving Iran

IFP Media Wire -
An Iranian deputy minister said French automaker Peugeot has to pay penalty for backing out of a contract it had already signed with Iran.
IFP Exclusive

Female Artisans More Principled than Male Counterparts in Iran

IFP Editorial Staff -
Iranian women are playing a growing role in various economic sectors, and have already strengthened their presence in industrial cities and complexes, working along with men and even outperforming them in such fields as labour, entrepreneurship and investment.
IFP Exclusive

Iran Legislation Watchdog Ratifies Parliamentary Amendment to CTF Law

IFP Editorial Staff -
The spokesman for Iran’s Guardian Council says the body has ratified a legislation amending a law on Counter Terrorist Financing (CTF).
Media Wire

Swiss Companies Urged to Keep Doing Business with Iran

IFP Media Wire -
The Swiss government has promised to defend the economic interests of its companies that are active in Iran and would be targeted by renewed US sanctions, recommending that they go on with their business in the Islamic Republic.
IFP Exclusive

Iranian Researchers Develop Luminous Fibres for Rugs, Carpets

IFP Editorial Staff -
A group of Iranian researchers have developed luminous fibres which could be used in the production of rugs and carpets.
IFP Exclusive

Bank Account of Iranian Embassy in London Reopened

IFP Editorial Staff -
An Iranian official has confirmed media reports that the Islamic Republic’s embassy in London has been allowed to reopen its bank account which had been closed for years due to the international sanctions.
IFP Exclusive

Return of US Sanctions Real Chance for Economic Modernization: Iran

IFP Editorial Staff -
Iran’s Parliament Speaker Ali Larijani says the snapback of US sanctions could be a good chance for renovating the Iranian economy, if the Iranian people decide to stand on their own feet and move to boost domestic production.
IFP Exclusive

Iran Unveils New Policies to Restore Calm to Forex Market

IFP Editorial Staff -
Abdolnasser Hemmati, the newly-appointed governor of Iran’s Central Bank, unveiled a package of measures to rein in the recent turbulence in foreign currency market in Iran.
IFP Exclusive

Arab Pilgrims Exchanging Currencies in Iranian Streets

IFP Editorial Staff -
The three-month closure of currency exchange offices in the holy city of Qom in central Iran has prompted many ordinary people and even foreign pilgrims to turn to the city’s streets to exchange their money and even earn a livelihood.
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