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.

Finance

Iran ex-Central Bank Governor: FATF compliance could facilitate transactions with China, Russia

IFP Editorial Staff -
A former governor of Iran's Central Bank, underscored the potential benefits of Iran's compliance with the anti-money laundering Financial Action Task Force (FATF) standards, particularly in enhancing international banking transactions.
Energy

Iran says daily gas output from South Pars hit all-time high

IFP Media Wire -
Iran’s state-run Pars Oil and Gas Company has announced that daily production from the South Pars field reached an all-time high earlier this week amid growing demand for natural gas in the country’s electricity sector.
Economy

Economy minister: Remaining on FATF blacklist unjustly labels Iran as money launderer 

IFP Editorial Staff -
Iran's minister of economy has criticized the continued inclusion of Iran on the Financial Action Task Force (FATF) blacklist, arguing it unfairly labels the country as engaging in money laundering. 
Economy

Iran’s Chabahar Free Zone, Armenia business sectors sign cooperation agreements

IFP Media Wire -
The Chabahar Free Zone Organization on the coast of Oman Sea in southeastern Iran, has signed four cooperation agreements with four Armenian economic actors, aimed at providing the necessary groundwork and conditions to facilitate, expedite, guide, and support investment in the region.
Energy

Iran’s oil output drops slightly in October: Report

IFP Media Wire -
Iran’s oil output fell slightly in October, according to figures by The Organization of the Petroleum Exporting Countries (OPEC).
Economy

Iran, Russia payment networks connected

IFP Media Wire -
Russia’s Mir payment network and Iran’s Shetab payment system were officially connected in a ceremony on Monday, as Tehran and Moscow continue to strengthen their financial cooperation.
Economy

Customs: Iran’s non-oil trade in past 7 months surpasses $70bn

IFP Editorial Staff -
Iran's Customs Administration released a report on Monday detailing the country's foreign trade statistics for the first seven months of the current Iranian year.
Energy

Daily: Gasoline price in Iran hits ‘catastrophic’ lows of three cents per liter

IFP Editorial Staff -
Gasoline prices in Iran have reached an unprecedented low of just three cents per liter, making it the second-cheapest in the world after Venezuela, an Iranian newspaper raised the alarm.
Economy

Iran’s foreign trade hits $100b

IFP Media Wire -
The value of Iran’s foreign trade has reached $99.7 billion during the first seven months of the current Iranian calendar year, the head of the Islamic Republic of Iran Customs Administration (IRICA) said in a report.
Finance

Former official: Iran president has sufficient momentum for FATF approval

IFP Editorial Staff -
The debate over the Financial Action Task Force (FATF) continues to intensify in Iran, with key political figures expressing divergent views.
Economy

Iranian vice president: Joining FATF under review by administration

IFP Editorial Staff -
The Iranian vice president for legal affairs says the Financial Action Task Force (FATF) is currently being reviewed by the ministry of economy and finance, following a directive by President Massoud Pezeshkian.
Transportation

Emirates, Turkish Airlines resume flights from Iran’s int’l airport 

IFP Editorial Staff -
Starting Friday, Turkish Airlines has resumed their flights from Tehran-based Imam Khomeini International Airport to Istanbul. 
Energy

Iran’s Abadan refinery “unaffected” by Israeli regime’s attack

IFP Editorial Staff -
According to ISNA, none of the tanks or facilities at Iran’s Abadan refinery were damaged in the recent Israeli regime’s attack and refining operations and product output remain normal and stable.
Transportation

Imam Khomeini Airport CEO denies damage to air defense by Israeli attacks  

IFP Editorial Staff -
The CEO of Imam Khomeini Airport of Tehran denies claims that the Israeli regime attack in the early hours of Saturday caused damage to the airport’s air defense system.
Transportation

Flights return to normal in Iran after brief suspension over Israeli raids

IFP Media Wire -
Flights returned to normal across Iran on Saturday morning, according to the country’s Civil Aviation Organization (CAO). Tehran temporarily halted all flights in the aftermath of Israeli strikes targeting three Iranian provinces.
Foreign Policy

President Pezeshkian urges BRICS economic synergy, resistance against dominance of US dollar

IFP Media Wire -
Iranian President Massoud Pezeshkian has called on the BRICS group of emerging economies to create interconnected economic and trade cooperation among its member states, involving both public and private sectors, emphasizing that these endeavours would resist the dominance of the US dollar in their exchanges.
Foreign Policy

Iran’s president: BRICS ‘a path to counter U.S. unilateralism’

IFP Editorial Staff -
Iranian President Massoud Pezeshkian has highlighted the importance of the BRICS summit that is underway in the Russian city of Kazan, saying the intergovernmental organization can strengthen ties between member states and beat back U.S. unilateralism. 
Economy

Iran’s economy minister: Internet filtering has limited, slowed economic activities in cyberspace

IFP Editorial Staff -
Iran’s Minister of Economy says the internet filtering has damaged the country’s economy and urged relevant officials to lift the restrictive measure.
Transportation

Flights resume at Iranian airports after temporary suspension

IFP Editorial Staff -
The Civil Aviation Organization of Iran has lifted temporary restrictions that had been imposed due to safety concerns,  announcing that flights at all airports across the country have returned to normal.
Economy

Iran’s First VP in Armenia for economic forum

IFP Media Wire -
Iranian First Vice President Mohammad Reza Aref landed in Armenia to attend the third edition of the Eurasian Economic Forum and a meeting of the Eurasian Intergovernmental Council.
Economy

Iran, Pakistan agree to settle dispute over gas pipeline project

IFP Media Wire -
Tehran and Islamabad made arrangements to remove the obstacles to the implementation of a gas pipeline project between the two countries.
Economy

Iran’s non-oil trade with neighbors reaches $32.6 billion in first half of 2024

IFP Editorial Staff -
Mohammad Reza Rezvanifar, the head of Iran's Customs Administration, announced that Iran's non-oil trade with 15 neighboring countries reached 50 million tons, valued at $32.6 billion, during the first half of the current year.
Energy

Iran takes bold step to facilitate investment in its power plants

IFP Editorial Staff -
Iranian Energy Minister Abbas Aliabadi held a meeting with the chairman of the National Development Fund of Iran (NDFI) Mehdi Ghazanfari to remove the obstacles in drawing investment in the private sector and expand its power plants.
Energy

OPEC data show Iran’s oil production keeps rising despite US sanctions

IFP Media Wire -
Tehran continued to raise its oil production in August despite the pervasive pressure of Washington's sanctions that restrict Iran’s ability to sell oil in international markets, according to the latest data by the Organization of the Petroleum Exporting Countries (OPEC).
Energy

Iran vice president slammed for saying subsidized gasoline price ‘unreasonable’

IFP Editorial Staff -
Iranian Vice President Mohammadreza Aref has been the subject of criticisms for saying on Sunday that importing gasoline price at high prices and selling it at heavily-subsidized prices is ‘unreasonable.’
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