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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.

IFP Exclusive

Airliner Lands in Tehran after Malaysian Passenger’s Heart Attack

IFP Editorial Staff -
A passenger plane en route from Malaysia to Turkey has made an emergency landing at Tehran’s International Imam Khomeini Airport over a Malaysian passenger’s medical situation.
IFP Exclusive

Iranian Airport Using Information Bot to Offer Special Services

IFP Editorial Staff -
An information bot has been developed to offer special services to the passengers at Tehran’s Imam Khomeini International Airport, a senior official announced.
IFP Exclusive

Iran Officially Replaces US Dollar with Euro in Int’l Transactions

IFP Editorial Staff -
The Iranian government has decided to replace the US dollar with euro in its international transactions in a move to prevent the greenback’s fluctuations from negatively affecting the Iranian economy.
Media Wire

Iran to Resume Direct Flights to Erbil as of April 27

IFP Media Wire -
Iran will resume direct flights between Tehran and the Iraqi city of Erbil from April 27 after a six-month hiatus which saw Baghdad and its neighbors impose an air ban on the regional Kurdistan government over a secession bid.
IFP Exclusive

Low Toll Fees in Iran Turn Cars into Capital Goods

IFP Editorial Staff -
Automobiles are regarded as capital goods in Iran as they are expensive and at the same time economical to maintain.
Media Wire

China Still Iran’s Top Business Partner

IFP Media Wire -
Islamic Republic of Iran Customs Administration's latest report shows China remains Iran’s top trading partner.
IFP Exclusive

Iran’s Kerman Province Home to Globally-Registered Qanats

IFP Editorial Staff -
Kerman province in southeastern Iran is home to hundreds of qanats through which underground waters have long been extracted by local people.
IFP Exclusive

Iran, Uruguay Discuss Expansion of Banking, Agricultural Ties

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif and Uruguayan President Tabaré Vázquez have called for expansion of collaborations in various fields, particularly banking and agriculture.
IFP Exclusive

Iran Leader Hails Idea of Replacing Dollar with Euro in Int’l Transactions

IFP Editorial Staff -
The Governor of Iran’s Central Bank Valiollah Seif says the government eyes replacing the US dollar with the euro in its international transactions and the idea has been welcomed by the Leader Ayatollah Khamenei.
IFP Exclusive

12 Arrested in Tehran over Illegal Currency Exchange

IFP Editorial Staff -
Tehran’s police chief says 12 unlicensed dealers accused of disrupting Iran’s currency market have been arrested on Tuesday, as part of measures to stabilise the rial that has been going down in recent weeks.
IFP Exclusive

Street in Tehran Finally Named after Eminent PM Mosaddeq

IFP Editorial Staff -
After long debates over the naming of an important part of Tehran after Iran’s most famous prime minister, the City Council finally changed Tehran’s Naft (oil) street to Mohammad Mosaddeq, the man who nationalized Iran’s oil industry.
IFP Exclusive

Iran FM Meets Brazilian President before Departing for Uruguay

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif, at the end of his visit to Brasilia, held a meeting with Brazilian President Michel Temer before leaving the country for Montevideo.
IFP Exclusive

Iran, Brazil Sign MoUs to Expand Mutual Cooperation

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif and his Brazilian counterpart Aloysio Nunes have inked several documents of cooperation in the South American state’s capital.
IFP Exclusive

FM Zarif Urges Removal of Banking Problems in Iran-Brazil Ties

IFP Editorial Staff -
Iran’s Foreign Minister says the lack of banking relations between Tehran and Brasilia is one of the major obstacles to the development of mutual ties, stressing that a solution must be found for the problem.
Media Wire

Iran Gov’t Steps in to Control Forex Market

IFP Media Wire -
Iran's First Vice President Eshaq Jahangiri has announced that his country will unify official and open market exchange rates following the Rial's recent drop against the dollar.
IFP Exclusive

Dakar, Tehran Discuss Mutual Cooperation in Gas, Oil

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif and his Senegalese counterpart Sidiki Kaba have conferred on expansion of bilateral ties in various fields, particularly oil and gas cooperation.
IFP Exclusive

Iran to Boost Cooperation with Russia on National Projects: Larijani

IFP Editorial Staff -
Iran’s Parliament Speaker Ali Larijani says cooperation between Tehran and Moscow will be developed to implement major national and provincial projects.
IFP Exclusive

Iran Bans Rice Cultivation in Dry Provinces

IFP Editorial Staff -
Iranian Minster of Energy Reza Ardakanian says the government has decided to ban the cultivation of rice in any province other than the ones in the north in a bid to control the serious water crisis across the country.
IFP Exclusive

Iran to Overtake Saudi Arabia on Petrochemical Market

IFP Editorial Staff -
Iran is counting down to overtake its arch-rival Saudi Arabia when it comes to the production and sale of petrochemical products.
IFP Exclusive

Iran Resolved to Boost Business Ties with Developing Countries

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Bahram Qassemi says Foreign Minister Mohammad Javad Zarif’s ongoing visit to Africa and his later trips to South America are aimed at enhancing Tehran’s business relations with developing countries.
IFP Exclusive

Top Iranian, Venezuelan Diplomats Discuss Closer Economic Ties

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif and his Venezuelan counterpart Jorge Arreaza have exchanged views on ways to improve economic collaboration between Tehran and Caracas.
IFP Exclusive

Iran, Azerbaijan Sign MoUs on Mutual Cooperation

IFP Editorial Staff -
Iran and the Azerbaijan Republic have inked eight memoranda of understanding on mutual cooperation.
IFP Exclusive

Iran, Turkmenistan Sign 13 MoUs to Strengthen Bonds of Friendship

IFP Editorial Staff -
Tehran and Ashgabathave signed 13 memoranda of understanding to broaden ties between the two nations, with their presidents vowing to work towards developing deeper cooperation.
IFP Exclusive

Lights Out at Milad Tower to Commemorate Earth Hour (+Video)

IFP Editorial Staff -
The iconic Milad Tower in Tehran went dark for an hour on Saturday night, as the Earth Hour campaign kicked off across the globe to raise public awareness about climate change and energy consumption.
IFP Exclusive

Iranian Gov’t Bodies Obliged to Buy Domestic Products

IFP Editorial Staff -
Iran’s first vice-president says governmental bodies will be banned from buying foreign products in the current Iranian year (started March 21), in line with guidelines suggested by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei.
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