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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.

Energy

Iran’s oil minister elected as OPEC president for 2025

IFP Editorial Staff -
Iranian Oil Minister Mohsen Paknejad has been elected as the president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025.
Energy

US sanctions failed to crimp Iran’s oil supply: Chevron CEO

IFP Media Wire -
The executive of US oil giant Chevron, has stated that US sanctions on Iran have failed to remove the country’s oil supply from the markets.
Energy

Energy giants voice deep concern over Israel deliberate attacks on Iran

IFP Media Wire -
The Gas Exporting Countries Forum (GECF) has expressed alarm about Israeli attacks against Iran in recent months, warning that such moves pose serious risks to global energy chain.
Transportation

Iran increases weekly flights to Persian Gulf island disputed with UAE to assert ownership

IFP Editorial Staff -
Iran has announced a significant increase in the number of weekly flights to the southern island of Abu Musa in the Persian Gulf amidst ongoing tensions with the United Arab Emirates (UAE) over territorial claims.
Economy

Economy minister says Iran’s rise in new world order promotes active role in global affairs

IFP Media Wire -
Iran’s minister of economic affairs and finance has stated that the increase in Tehran’s power in the new world order has enabled the country to play an active role in areas such as combating climate change, technology transfer and joint investments.
Transportation

Iran Air ready to resume flights to Lebanon after ceasefire

IFP Editorial Staff -
The spokesperson for Iran Air, announced the airline’s readiness to resume flights to Beirut, Lebanon, once a ceasefire is established amid the Israeli regime’s relentless aggressions against the Arab country.
Energy

Iran’s energy minister assures no blackouts amid supply boost

IFP Editorial Staff -
Iranian Energy Minister Abbas Aliabadi has announced that there are no power outages currently across the country as the electricity supply has been stable, and sufficient fuel has been secured to prevent any blackouts.
Energy

Official: Iran gas exports to Iraq stopped at one point

IFP Editorial Staff -
Saeed Tavakoli, CEO of the National Iranian Gas Company, confirmed to an Iranian news agency that the suspension of gas exports to Iraq was requested by the Iraqi side for maintenance purposes.
Economy

Iran’s Central Bank says to launch digital Rial in near future

IFP Media Wire -
Governor of the Central Bank of Iran Mohammad Reza Farzin has announced that the digital Rial will begin operations soon. He also stressed that the development of modern banking is one of the central bank’s key ongoing goals.
Economy

Iran’s economy minister to visit Saudi Arabia for annual investment meeting

IFP Editorial Staff -
Iran's Minister of Economic Affairs and Finance Abdolnasser Hemmati is set to travel to Saudi Arabia to attend the 28th annual meeting of the World Association of Investment Promotion Agencies (WAIPA) on Monday.
Energy

Iran further increases its oil prices for Chinese refiners: Report

IFP Media Wire -
Tehran has further increased its oil prices for deliveries to private buyers in China despite a regime of Washington's sanctions that restrict normal exports, according to a report.
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.
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