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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

Unemployment Rate Down, Economic Growth Rate Up in Iran

Fatemeh Askarieh -
Mohammad Baqer Nobakht, the spokesman for the Iranian government, says the country's unemployment rate has decreased and economic growth rate has increased during the past Iranian fiscal year.
Translated by IFP

Iran’s Foreign Exchange, Gold Reserves More than US: CIA

IFP Editorial Staff -
A document released on the website of the US Central Intelligence Agency shows that the Islamic Republic outstrips the United States in terms of reserves of foreign exchange and gold.
Media Wire

Iran’s Forex Revenues Outstrip Expenses: President Rouhani

IFP Media Wire -
Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future.
IFP Exclusive

Iran Exporting Saffron to 56 Countries

IFP Editorial Staff -
Official statistics show Iran has exported over 160 tonnes of saffron worth over $219 million to 56 countries during the past nine months.
IFP Exclusive

Iran Calls for Expansion of Business Ties with Belarus

IFP Editorial Staff -
Iran’s Minister of Industry, Mine and Trade Mohammad Shariatmadari says the Islamic Republic’s relations with Belarus is at a good level, but economic ties should be developed alongside political ones.
IFP Exclusive

Iran, Iraqi Kurdistan Call for Closer Trade Ties

IFP Editorial Staff -
Iran’s President Hassan Rouhani and the Iraqi Kurdistan region’s Prime Minister Nechirvan Barzani have urged the private sectors of both sides to take part in mutual development projects.
Media Wire

Mercedes Benz to Produce E-Class Cars in Iran

IFP Media Wire -
Mercedes-Benz, a division of Daimler AG, will resume production of cars in Iran from the beginning of the new Persian year in March, ISNA news agency has reported.
Media Wire

Iran’s 7-Month Industrial Exports Jump by 3.3%

IFP Media Wire -
Iran exported about $18.8 billion worth of industrial products in the seven months to Oct. 22, 2017, registering a 3.3% increase compared with the previous year’s corresponding period.
IFP Exclusive

Iran Ready to Manufacture Tractor in Senegal: FM

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif and Speaker of the Senegalese Parliament Moustapha Niasse have called for expansion of bilateral ties, particularly in the field of agriculture.
Media Wire

Iran Signs $2 Billion Rail Deal with India

IFP Media Wire -
Iran and India have signed a deal worth 2 billion US dollars for cooperation in the rail sector, a report said.
IFP Exclusive

Iran, Italy Sign €5 Billion Investment Deal

IFP Editorial Staff -
Tehran and Rome on Thursday signed a framework credit agreement worth five billion euros whereby Italy will help its companies invest in Iran.
IFP Exclusive

Iran Calls for Promotion of Banking Ties with Chile

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif has met the first Chilean ambassador to Tehran since the 1979 Islamic Revolution in Iran.
IFP Exclusive

Iranian Minister Apologizes over Social Media Restrictions

IFP Editorial Staff -
Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi has offered apology to those whose jobs have been interrupted due to the recent “temporary” restrictions on certain social media.
Media Wire

Rouhani Vows to Tackle Livelihood Problems as Top Priority

IFP Media Wire -
president Hassan Rouhani said improving the economic situation of Iranians tops the agenda of his government, in an attempt to appeal to the public, which has grown increasingly critical of his economic performance.
IFP Exclusive

Two More ATR Planes Land in Tehran

IFP Editorial Staff -
Two more turboprop planes made by Franco-Italian plane manufacturer ATR have arrived at Tehran’s Mehrabad International Airport on Saturday.
Media Wire

China Calls for Transit Link between Pakistan’s Gwadar, Iran’s Chabahar

IFP Media Wire -
Iran says it has received a request from China to establish a connection between Pakistan’s Gwadar port - which Chinese companies are developing - and Iran’s southeastern port of Chabahar.
Media Wire

Russia’s EXIAR to Provide ‘Unlimited Funds’ for Iranian Banks

IFP Media Wire -
Iran says four of its banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) to provide “unlimited funds” for development projects to be carried out by domestic and international contractors in the Islamic Republic. 
IFP Exclusive

Traditional Sugar Producing; A Disappearing Iranian Profession

IFP Editorial Staff -
Traditional sugar producing, which is based on planting and harvesting sugar canes and processing them to produce sugar, is among professions that are fading away in Iran.
IFP Exclusive

Iran Exports Handmade Carpets to 78 Countries

IFP Editorial Staff -
An Iranian official says over the past two years, Iran has exported hand-woven carpets to 78 countries across the world.
IFP Exclusive

Iran Parliament Okays $50bn in Financing for Next Year’s Budget Bill

IFP Editorial Staff -
Iranian parliamentarians have given the go-ahead to “financing” sources of income proposed by the government in next fiscal year’s budget bill.
IFP Exclusive

Iran, Qatar to Boost Banking Relations

IFP Editorial Staff -
Iran and Qatar are making arrangements to enhance their banking relations and remove obstacles to the promotion of mutual banking cooperation.
Media Wire

300% Increase in Departure Tax Sparks Controversy in Iran

IFP Media Wire -
The sharp rise in departure tax, proposed to the parliament in the budget bill for the next fiscal year (starting March 21, 2018), is in part aimed at encouraging the public to opt for domestic trips, but travel experts and officials deem it unattainable.  
IFP Exclusive

Grand Carpet Bazaar: Old Market in Heart of Tehran

Fatemeh Askarieh -
Carpets are among the things that could be seen at every household in Iran. Also known as Persian rugs, they are made for a wide variety of purposes including home use, local sale, and export.
IFP Exclusive

US Smuggling Out Syria’s Oil Resources: Turkish Website

Fatemeh Askarieh -
A Turkish-language website has revealed that the US forces along with the Kurdistan Workers' Party (PKK) militants are smuggling at least 17,000 barrels of oil out of Syria on a daily basis.
Media Wire

Iran Officially Opens Strategic Port of Chabahar

IFP Media Wire -
Iran has launched the first phase of a strategic southeastern port which it expects to open a multi-modal trade corridor connecting India to Central Asia.
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