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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

Iran’s President Calls for Enhanced Ties with Uzbekistan

IFP Editorial Staff -
Iranian president has highlighted the huge capacities for expansion of Tehran-Tashkent relations, saying the two states should cement their age-old ties in all fields.
IFP Exclusive

Czech Republic Interested in Investing in Iran’s Steel Industry

IFP Editorial Staff -
A senior official from the Czech Republic has voiced Prague’s interest in investing in the Iranian steel industry given the significant progress the Islamic Republic has made in this area.
IFP Exclusive

Norway Solar Firm Inks $4bn Deal with Iran

IFP Editorial Staff -
A Norwegian solar company has defied US President Donald Trump’s call for further isolation of Iran by signing a deal to invest €2.5 billion ($4 billion) in the country over the next five years.
IFP Exclusive

US Firms Can Do Business with Iran If Trump Allows Them to: Minister

IFP Editorial Staff -
Iranian petroleum minister says the Islamic Republic’s doors are open to American firms if President Donald Trump allows them to do business with Iran.
IFP Exclusive

Iran, Russia Clinch Deal on Financing Projects

IFP Editorial Staff -
The Central Bank of the Islamic Republic of Iran and the Russian Agency for Export Credit and Investment Insurance (EXIAR) have signed a memorandum...
IFP Exclusive

‘Trump Practicing Magic Trick on Iran Nuclear Deal’

IFP Editorial Staff -
An Iranian newspaper says the US is distracting the world’s public opinion by ‘pretending’ to be against the nuclear deal between Iran and the P5+1, while hatching plots with the EU to make the most profit out of Iran’s lucrative market.
IFP Exclusive

Iran, Uzbekistan Discuss Promotion of Ties in All Fields

IFP Editorial Staff -
Iran's Foreign Minister Mohammad Javad Zarif and his Uzbek counterpart Abdulaziz Kamilov have discussed issues of mutual interest in a meeting in Tehran.
IFP Exclusive

‘Foreigners More Resolved to Work with Iran after Trump Rhetoric’

IFP Editorial Staff -
An Iranian minister says Trump’s anti-Iran comments have made foreigners more determined to cement their economic cooperation with Tehran.
IFP Exclusive

Iraq’s Internal Divisions Impacting Global Oil Market

IFP Editorial Staff -
While Iran’s nuclear deal is grabbing the international headlines, oil market experts are mainly concerned with the internal divisions in Iraq, particularly the conflict over the secession of Iraqi Kurdistan as the main element which can influence the global oil prices.
IFP Exclusive

Tehran Stock Exchange Market Unaffected by Trump’s Speech

IFP Editorial Staff -
Unlike earlier estimations, Tehran Stock Exchange market has not only remained unaffected by the anti-Iran rhetoric of US President, but also has ridiculed his rhetoric by showing a significant growth in some terms.
Media Wire

Iran Exports 31,000 Tonnes of Macaroni Wheat to Italy

IFP Media Wire -
Iran has exported 31,000 tonnes of quality durum wheat to Italy for the first time, in another sign that the country’s food security drive is on target.
IFP Exclusive

Iran Turns Oil-Polluted Lands into Green Belts

IFP Editorial Staff -
Iranian experts have managed to eliminate oil pollution from groundwater in Asaluyeh region in southern Iran by using local microbes, an official said.
IFP Exclusive

‘JCPOA Violation to Have Little Impact on Iran’s Economy’

IFP Editorial Staff -
An Iranian lawmaker says the annulment of the JCPOA will have little bearing on Iran’s economy as the Islamic Republic is shifting away from the greenback and common European currencies.
IFP Exclusive

217 Iranian Villages Generating Solar Energy

IFP Editorial Staff -
Over two hundred villages in are generating solar energy to meet their power needs and the number is expected to surpass 300 by the end of this year’s Iranian calendar year (mid-March 2018).
IFP Exclusive

Iranian MPs Pass 8 Bills on Economic Cooperation with Other Countries

IFP Editorial Staff -
An Iranian MP says lawmakers have passed several bills that would facilitate economic cooperation between Iran and other countries.
IFP Exclusive

Ban on Kurdistan Airports Causing Daily Loss of $60,000

IFP Editorial Staff -
Baghdad’s ban on the arrival and departure of foreign flights at/from Kurdistan airports has reportedly caused a loss of 50 to 60 thousand dollars a day.
IFP Exclusive

Iran, Ukraine to Form Joint Economic Commission

IFP Editorial Staff -
Iran and Ukraine have decided to establish a joint economic commission as part of efforts to enhance the level of Tehran-Kiev economic cooperation.
IFP Exclusive

Iran’s Economic Growth Rate Stands at 12.5 Percent: IMF

IFP Editorial Staff -
The International Monetary Fund has in its latest World Economic Outlook announced that Iran's economic growth rate in 2016 was 12.518% year-on-year and its unemployment rate rose to 12.450%, while the inflation rate fell to 9.03%.
IFP Exclusive

Governor of Iran’s Central Bank to Visit US

IFP Editorial Staff -
Governor of Central Bank of Iran, Valiollah Seif, is going to travel to the United States in order to attend the International Monetary Fund’s autumn session.
IFP Exclusive

FAO to Sign Contract with Iran’s Agriculture Ministry

IFP Editorial Staff -
Food and Agriculture Organization of the United Nations known as FAO is going to sign an agreement with the Islamic Republic of Iran to boost agricultural productivity of the country using a satellite imagery tool.
IFP Exclusive

S. Korea, Germany to Finance Development of Iran’s Electric Trains

IFP Editorial Staff -
Iran’s Deputy Minister of Roads and Urban Development says South Korea and Germany will provide funds for the development of electric trains in the Islamic Republic.
IFP Exclusive

Iran Exporting Women’s Socks to Spain, Norway

IFP Editorial Staff -
Iran’s Customs has released figures showing that in the first 5 months of the current Iranian year, about 214 tonnes of women’s socks have been exported from the country worth over $2 million.
IFP Exclusive

Renault Company Starts Buying Iranian Tyres

IFP Editorial Staff -
The Algeria-based Renault Algérie, a subsidiary of the French giant auto manufacturer, has purchased 50,000 tyres from an Iranian tyre corporation with the approval of Renault HQ in France.
IFP Exclusive

Iran, Armenia to Enhance Mutual Cooperation in All Fields

IFP Editorial Staff -
During the Armenian prime minister’s visit to Tehran, the two countries’ ministers signed several Memorandums of Understanding in separate meetings, calling for further expansion of bilateral ties between Iran and Armenia in various fields.
Media Wire

Iran, Turkey to Use National Currencies in Bilateral Trade

IFP Media Wire -
Iran and Turkey have signed a draft agreement to carry out trade activities based on their own local currencies instead of traditional foreign currencies such as the euro and the dollar.
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