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

Kazakhstan Cultivating Persian Rice to Meet Iran’s Needs

IFP Editorial Staff -
Kazakhstan says it plans to increase the production of a special variety of Iranian rice by ten times this year to meet growing demands from Iran.
IFP Exclusive

Iran’s Police Makes 90 Arrests to Control Forex Market (+Video)

IFP Editorial Staff -
Ten exchange facilities have been closed down and 90 foreign currency dealers arrested in a police raid in Tehran aimed at controlling the surging forex rates mainly caused by non-economic factors.
IFP Exclusive

Russia Luring Iranian Airlines to Buy Sukhoi Superjet

IFP Editorial Staff -
Amid the controversies over the delivery of Boeing and Airbus passenger planes to Iran, a Russian-built Sukhoi Superjet 100 has landed at Tehran's Mehrabad Airport with a team of engineers on board to make Iran interested in purchasing the airliner.
IFP Exclusive

Iran Energy Minister Welcomes IRGC’s Cooperation in Cloud Seeding

IFP Editorial Staff -
Iranian Energy Minister Reza Ardakanian says the ministry welcomes the idea of seeding clouds raised by the Aerospace Force of the Islamic Revolution Guards Corps (IRGC).
IFP Exclusive

“Iran Nuclear Deal Could Make World Safer If US Remained Committed”

IFP Editorial Staff -
Iranian President Hassan Rouhani has described the nuclear deal between Tehran and world powers as a leading role model for resolving all problems across the region and the world, regretting that the US is not living up to its commitments under the deal.
IFP Exclusive

Plane’s Windscreen Struck by Eagle during Landing (+Video)

IFP Editorial Staff -
A viral video shows a large bird, most probably an eagle, striking the windscreen of an ATR plane landing at an airport in northern Iran.
IFP Exclusive

Orange Harvest Season in Northern Iran

IFP Editorial Staff -
The seaside lands of the Caspian Sea in northern Iran provide finest conditions for the production of various types of citrus, particularly orange.
IFP Exclusive

Iran, Singapore Discuss Removal of Banking Problems

IFP Editorial Staff -
The fourth session of Iran-Singapore political advisory committee was held in Tehran on Tuesday with the two sides agreeing to boost ties, especially in economic spheres.
IFP Exclusive

Iran Stops Export of Free Natural Gas to Turkey

IFP Editorial Staff -
Head of the National Iranian Gas Company (NIGC) says Iran has ended free gas exports to Turkey after clearing its debts to the country.
IFP Exclusive

Iran to Buy Airliners with French, Italian Credit Lines

IFP Editorial Staff -
The Islamic Republic’s national flag carrier Iran Air is to purchase brand-new aircraft with foreign financing.
IFP Exclusive

Number of Flights over Iran’s Sky Tripled: Commander

Golrokh Askarieh -
The number of flights crossing Iran’s sky has increased by three times over the past years thanks to the country’s airspace security, said the Commander of the Iranian Army's Khatam al-Anbia Air Defence Base.
IFP Exclusive

“Iran to Export 3m Barrels of Oil to Russia Monthly”

IFP Editorial Staff -
Iran's oil minister has spoken of the Islamic Republic’s contract with Russia to export 3 million barrels of crude oil to that country.
IFP Exclusive

Iran Opens New Solar Power Plant in Yazd

Fatemeh Askarieh -
The first solar power plant in Iran’s Yazd province, jointly financed by Iran and Germany, was officially inaugurated on Saturday, February 3.
IFP Exclusive

Iran’s Former Economy Minister Wins Prestigious Lee Kuan Yew Prize

IFP Editorial Staff -
Iran’s former minister of economy and finance, Ali Tayyeb-Nia, has been awarded the prestigious Lee Kuan Yew Prize, said Singapore’s Ministry of Foreign Affairs in a letter to Iranian embassy in Singapore.
IFP Exclusive

Iran Starts Exporting Caviar to US after 25 Years

IFP Editorial Staff -
An Iranian official says the ban on Iran's caviar exports to the US has been lifted after 25 years, stressing that 10 kilogrammes of farmed caviar has been exported to America last year.
Media Wire

Iran Parliament Passes Rouhani’s Budget Bill after Amendments

IFP Media Wire -
Iran’s parliament has passed general outlines of President Hassan Rouhani’s new budget bill after initially rejecting it over concerns that the proposed cuts could hit vulnerable people the hardest.
IFP Exclusive

Iran, China to Boost Trade Ties via Silk Road

IFP Editorial Staff -
Iran and China are making efforts to utilize the potential of the Silk Road to boost their trade cooperation and enhance ties with other countries located on the Road.
Media Wire

Pakistan Not Cooperating with Iran on Pipeline: Minister

IFP Media Wire -
Iran’s Minister of Petroleum Bijan Zangeneh says Pakistan is not cooperating on the construction of a much-delayed pipeline to pump natural gas to the country.
IFP Exclusive

Iran to Complain to ICJ over Turkmenistan’s Overpriced Natural Gas Supplies

IFP Editorial Staff -
Tehran is to lodge complaints with the International Court of Justice over the quality and price of Turkmenistan's natural gas supplies to Iran.
IFP Coverage

Iran Parliament Rejects Framework of Rouhani’s Proposed Budget

IFP Editorial Staff -
The Iranian Parliament on Sunday disapproved the framework of the budget proposed by the Rouhani administration for the upcoming fiscal year (March 2018-19).
Media Wire

Flights at Tehran’s Airports Resume after Heavy Snowfall

IFP Media Wire -
The runways of Tehran’s Imam Khomeini International Airport were dug out from under 70 centimeters (more than two feet) of snow, letting flights resume on Sunday morning.
IFP Exclusive

“Iran Signs Over $40bn Worth of MoUs after Nuclear Deal”

IFP Editorial Staff -
Iranian First Vice-President Es’haq Jahangiri says the value of Memoranda of Understanding signed between Tehran and foreign countries after the implementation of the Iran nuclear deal has surpassed $40 billion.
IFP Exclusive

OECD Upgrades Iran’s Risk Rating to 5

Fatemeh Askarieh -
The Organisation for Economic Cooperation and Development (OECD) has upgraded Iran’s rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE), moving it up one notch from 6 to 5.
Media Wire

Iran Arrests Suspects behind Volatility of Exchange Market

IFP Media Wire -
Police in Tehran have shut down several currency exchange shops and arrested a number of money changers suspected of being behind a recent turmoil in exchange rates.
IFP Exclusive

Iran Leader Allows Gov’t to Withdraw $4 Billion from National Development Fund

IFP Editorial Staff -
Iran’s Leader has allowed the government to withdraw $4 billion from the National Development Fund to address a range of issues including the dust pollution engulfing the country’s southwestern provinces, a lawmaker said.
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