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

Over 1,000 Firms Attending IranPlast Int’l Exhibition

IFP Editorial Staff -
The 11th edition of IranPlast Exhibition is underway in the Iranian capital, with 1,124 domestic and foreign companies in attendance.
IFP Exclusive

Iran Can Attract $3.5 Trillion worth of Foreign Investment: CBI

IFP Editorial Staff -
The Governor of Central Bank of Iran (CBI), Valiollah Seif, says the country has the capacity to attract $3500 billion worth of foreign investment in the next two decades due to its unique geopolitical and economic conditions.
IFP Exclusive

Powerful Domestic Leg Shouldn’t Be Exchanged for Foreign Cane: Iran Leader

IFP Editorial Staff -
The Leader of Iran’s Islamic Revolution says the Islamic Republic should have extensive relations with the world, but the country’s “powerful leg should not be exchanged for foreigners’ cane”.
Media Wire

Britain Inks €500m Deal to Build Solar Farm in Central Iran

IFP Media Wire -
UK renewables investor Quercus has signed a deal worth over half a billion euros to build and operate a 600-megawatt (MW) solar farm in Iran, the company said on Wednesday.
IFP Exclusive

Numerous Foreign Investors en Route to Iran: Central Bank

IFP Editorial Staff -
The governor of Iran's Central Bank says a huge number of foreign investors are on their way to Iran due to the consistent policies adopted by the Iranian government to achieve its main economic goals.
IFP Exclusive

Iran to Export 30,000 Tonnes of Trout This Year: Official

IFP Editorial Staff -
A senior Iranian official says the Islamic Republic aims at exporting 30,000 tonnes of trout to the neighboring countries by the end of the current Iranian year (mid-March 2018).
IFP Exclusive

Iran to Surpass US to Become World’s Top Pistachio Producer Again

IFP Editorial Staff -
An Iranian official says the country is expected to produce 310,000 tonnes of pistachio in the current Iranian calendar year, surpassing the United Stated to once again become the world’s biggest pistachio producer.
IFP Exclusive

“US Ban on Plane Sales to Iran Runs Counter to JCPOA”

IFP Editorial Staff -
An advisor to Iran’s Leader says the US Congress’ move to block sales of aircraft to Iran is in violation of the nuclear deal between Tehran and world powers.
IFP Exclusive

Iranian Province Attracts $36m in Foreign Investment

IFP Editorial Staff -
Iran’s East Azarbaijan province has attracted $36 million in foreign investment since March 2017, according to a local trade official.
IFP Exclusive

Iran Gives 5 European States Ultimatum over Plane Purchase Contracts

IFP Editorial Staff -
Iran has issued ultimatums to five European states to stick to their commitments under the contracts earlier signed on selling airplanes to Tehran, otherwise the country may revise its deals.
IFP Exclusive

Iran’s IKCO, Mercedes Benz to Establish Joint Venture

IFP Editorial Staff -
Iran’s largest car manufacturer, Iran Khodro Industrial Group (IKCO), and Germany’s giant car manufacture Mercedes Benz have signed a contract to establish a joint venture for selling new products and offering after-sale services in Iran.
IFP Exclusive

Iran Appoints 1st Female Manager of Gas Field Development Project

IFP Editorial Staff -
An Iranian woman has been appointed for the first time as the manager of a major gas field development project in the country.
IFP Exclusive

Fifth Urmia Grape Festival Underway in Northwestern Iran

IFP Editorial Staff -
The fifth edition of Urmia Grape Festival is currently being held in Chi Chest coastal village in northwestern Iran.
IFP Exclusive

Iran Welcomes Joint Ventures with Germany: Health Minister

IFP Editorial Staff -
Iranian health minister says the country is ready to promote its cooperation with Germany to develop modern technologies and create job opportunities in Iran’s health sector.
IFP Exclusive

Iranian Firm Indigenizes Electronic Equipment Used by Power, Petchem Industries

IFP Editorial Staff -
Iranian researchers have managed to indigenize and mass produce a series of electronic equipment used in power and petrochemical industries.
IFP Exclusive

Int’l Sporting Goods Exhibition Underway in Iran

IFP Editorial Staff -
The 16th International Exhibition of Sports, Sporting Goods and Equipment (SPORTEX 2017) is being held in the Iranian capital of Tehran.
Media Wire

80% Jump in Iran’s Exports to Turkey in 7 Months

IFP Media Wire -
The total value of Iran’s exports to Turkey during the first seven months of the current year has increased by 80 percent, compared to the same period last year, data released by Turkey showed.
IFP Exclusive

Iran, Qatar to Expand Economic, Urban Development Ties

IFP Editorial Staff -
Iran and Qatar have signed a number of agreements in different fields including economy and urban development as part of a larger plan to expand bilateral relations.
IFP Exclusive

Iran, Syria Discuss Boosting Cooperation in Agriculture Sector

IFP Editorial Staff -
Iranian and Syrian officials have conferred on enhancement of mutual cooperation in the agriculture sector, particularly in the fields of research and training.
IFP Exclusive

France Using Iranian Saffron to Produce Herbal Medicines

IFP Editorial Staff -
An Iranian MP says France has managed to develop value-added products using Iran’s saffron by processing the crop into antidepressants and herbal medicines.
IFP Exclusive

Iran Urges India to Speed Up Railway Construction

IFP Editorial Staff -
An Iranian official has called on India to accelerate the construction of a railway in southern Iran under a mutual agreement.
IFP Exclusive

Iran Sells Screening Rights of 64 Films to Other Countries

IFP Editorial Staff -
The screening rights of dozens of Iranian films have been sold to other countries during President Hassan Rouhani’s first term, according to an official.
IFP Exclusive

Croatia’s Largest Bank Keen on Expanding Relations with Iran

IFP Editorial Staff -
A Croatian official says the East European state’s biggest bank has expressed willingness to deepen and expand relations with Iran.
IFP Exclusive

Germany Willing to Provide Iran Air with All-Out Assistance: Envoy

IFP Editorial Staff -
German ambassador to Iran has expressed his country’s willingness to provide assistance to Iran's flag carrier airline, Iran Air.
IFP Exclusive

Iran Parliament Authorizes Expansion of Cooperation with Slovenia

IFP Editorial Staff -
The Iranian Parliament has unanimously approved a bill that permits the government to expand the country’s economic cooperation with Slovenia.
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