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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 Dismisses Claim Germany Holding Its Assets

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Bahram Qassemi has rejected the baseless claim that Germany has blocked parts of the Islamic Republic’s financial assets.
IFP Exclusive

World Powers Reaffirm Commitment to Continuation of Iran’s Oil Exports

IFP Editorial Staff -
Russia, China, Germany, France, and the UK have reaffirmed their commitment regarding a number of objectives including the continued export of Iran’s crude oil despite the US’ bid to cut the Islamic Republic’s oil revenues.
Media Wire

IRGC Prepared to Put into Action Rouhani’s Threat on US Oil Bans

IFP Media Wire -
Iran's Islamic Revolution Guards Corps (IRGC) says it stands ready to put in action President Hassan Rouhani's latest position that if Tehran were not able to export its crude oil through the Strait of Hormuz, no other country would be able to do so.
IFP Exclusive

‘Sultan of Gold Coins’ Arrested in Tehran

IFP Editorial Staff -
Iranian police forces have arrested a man who had hoarded about two tonnes of gold coins over a period of 10 months.
IFP Exclusive

EU Parliament Allows European Investment Bank to Work with Iran

IFP Editorial Staff -
EU lawmakers allowed the European Investment Bank (EIB) on Wednesday to do business in Iran despite the US sanctions on the Islamic Republic, keeping alive plans to save the 2015 nuclear deal with Tehran after the US withdrawal.
IFP Exclusive

Major Project Inaugurated to End Water Crisis in Southern Iran

IFP Editorial Staff -
A huge water transfer project named Ghadir II became operational in southern Iran on Wednesday night, ending the residents’ water problem after long time.
IFP Exclusive

General Soleimani Praises Rouhani’s “Timely, Wise” Remarks

IFP Editorial Staff -
IRGC Quds Force Commander Major General Qassem Soleimani has thanked Iranian President Hassan Rouhani for his recent remarks on the US’ bid to cut Iran's oil exports as well as his comments on the Zionist regime of Israel.
IFP Exclusive

Iran Nuclear Deal Key to Global Peace, Security: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani has described the Iran nuclear deal as a great diplomatic achievement whose survival is in the interests of the global peace and security.
IFP Exclusive

Tehran, Bern Sign Several MoUs in Switzerland

IFP Editorial Staff -
Iran and Switzerland signed a number of Memorandums of Understanding on Tuesday to expand their mutual relations in various areas.
IFP Exclusive

Two Options Left for Rouhani: Resignation or Cabinet Reshuffle

Alireza Hashemi -
With discontent among Iranians over economic hardships on the rise and protests breaking out against the government over a plunge in people’s purchasing power, the performance of the Cabinet has come to the spotlight.
IFP Exclusive

Rouhani Says It’s Impossible to Block Iran’s Oil Exports

IFP Editorial Staff -
Iranian President Hassan Rouhani says it is impossible to cut Iran’s oil exports while other regional states keep exporting their oil.
Economy

“Anti-Iran Sanctions, Chance to Boost Local Brands”

IFP Editorial Staff -
Iran’s minister of cooperatives, labour and social welfare says the US sanctions are an opportunity for Iran to revive its domestic brands.
IFP Exclusive

Top Iranian Entrepreneurs Rewarded at “National Brand, National Might” Congress

IFP Editorial Staff -
The most successful business firms and entrepreneurs were rewarded in a ceremony held in Tehran on Monday.
IFP Exclusive

Trump’s Bid to Bring Iran’s Oil Exports to Zero Impossible Dream

IFP Editorial Staff -
Iran’s First Vice-President Es’haq Jahangiri says Washington’s claim that it will reduce Iran’s oil sales to zero by November is impossible to come true.
IFP Exclusive

FATF Extends Suspension of Counter-Measures against Iran until October

IFP Editorial Staff -
The Financial Action Task Force says it has decided to continue the suspension of its counter-measures against Iran, but Tehran needs to enact amendments to its AML and CFT laws and ratify the Palermo and TF Conventions by October.
IFP Exclusive

Iranian President Opens 2nd Phase of Persian Gulf Star Refinery

IFP Editorial Staff -
President Hassan Rouhani on Thursday launched the second phase of Persian Gulf Star refinery in southern province of Hormozgan.
IFP Exclusive

Iran Rejects Rumours of Exporting Water to Kuwait

IFP Editorial Staff -
Iran's energy minister says the country has no plan or decision to export water to other states amid the ongoing water tension.
Media Wire

“US Can Never Stop Other Countries from Buying Iran’s Oil”

IFP Media Wire -
An Iranian oil official says removing Iran’s crude oil from the market is impossible after the US said it expected oil buyers to completely cut off purchases of Iranian supplies in early November.
IFP Exclusive

Iran Leader Urges Judiciary to Prosecute Those Disrupting Economy

IFP Editorial Staff -
The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has ordered the country’s Judiciary to take serious measures against those who disrupt the country’s economic security.
IFP Exclusive

Iranian MPs Push for Cabinet Reshuffle amid Devaluation of National Currency

IFP Editorial Staff -
A huge number of parliamentarians sent an open letter to President Hassan Rouhani calling on him to immediately reshuffle his Cabinet to control a dramatic decline in the value of rial that has depressed markets in recent days.  
IFP Exclusive

Iranshahr Market; A Bazaar Well-Known for High-Quality Fabrics

IFP Editorial Staff -
The market of Iranshahr, a city in Sistan and Baluchestan Provonce, is a hot tourist attraction in south-eastern Iran.
IFP Exclusive

Nanotechnology Exhibition to Bring World’s Leading Firms to Tehran

IFP Editorial Staff -
The 11th edition of Tehran Nanotechnology Exhibition will be held from October 13 to 16, 2018, in the Iranian capital, putting on display the world’s latest achievements in the field of nanotechnology.
Media Wire

Calm Restored to Bazaar of Tehran after “Guild-Related” Protests

IFP Media Wire -
The Secretary general of the Islamic Society of Tehran Guilds and Bazaar says calm has returned to the Grand Bazaar of Tehran after a few hours of guild-related protests earlier today.
IFP Exclusive

Iran Hails OPEC’s Decision to Stick to 2016 Agreement

IFP Editorial Staff -
Iran’s Oil Minister Bijan Zanganeh says the member states of the Organization of the Petroleum Exporting Countries (OPEC) have unanimously decided to stick to their earlier agreement on oil output.
IFP Exclusive

Iran Ready to Launch Joint Iranian-Syrian Bank

IFP Editorial Staff -
Governor of the Central Bank of Iran Valiollah Seif says Tehran is keen and prepared to launch a joint bank with Syria as part of its policy of expanding business ties with Damascus.
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