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.

Foreign Policy

Beijing’s envoy: Iran oil sales to China on track despite sanctions

IFP Editorial Staff -
The Chinese ambassador to Tehran says the sales of Iranian oil to China is on track “without any problem,” despite the harsh US sanctions in place against the Islamic Republic’s energy sector.
Energy

OPEC figures show Iran’s oil output at 2.567 mln bpd in March

IFP Media Wire -
Figures by The Organization of the Petroleum Exporting Countries (OPEC) shows Iran’s oil output in March was almost unchanged from February.
Energy

IEA warns OPEC+ output cuts risk oil supply deficit, threaten economic recovery

IFP Media Wire -
The International Energy Agency (IEA) has warned that output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery.
Energy

Iran’s oil minister arrives Venezuela

IFP Media Wire -
Iranian Oil Minister Javad Owji is in Caracas, exploring ways of "strengthening relations and cooperation in the field of energy" between Iran and Venezuela.
Economy

China envoy: De-dollarization outcome of US economic coercion

IFP Editorial Staff -
The Chinese ambassador to Iran says the de-dollarization process, which has been gathering pace on the international stage, is the outcome of America’s use of its national currency as a tool to exert economic pressure on others.
Energy

Sources say Saudi Arabia to maintain crude supply in several Asian refiners despite OPEC+ cuts

IFP Media Wire -
Saudi oil giant Aramco will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels per day, several sources with knowledge of the matter said on Monday.
Security

Iran security chief: Intl. efforts to sideline dollar gaining momentum

IFP Editorial Staff -
Iran’s security chief praises growing economic cooperation with Russia in the face of Western sanctions, saying international efforts to diminish the role of the US dollar in financial transactions have gathered pace.
Economy

“China accounts for 31% of Iranian non-oil exports”

IFP Editorial Staff -
The head of the Iran-China Chamber of Commerce says the current Persian year of 1402 (starting on March 21) will be better for the expansion of ties between Tehran and Beijing.
Transportation

Iran and Iraq agree to start construction of Shalamcheh-Basra railroad

IFP Editorial Staff -
Iran's Minister of Roads and Urban Development says Iran and Iraq have made a final decision to start the construction of the Shalamcheh-Basra railroad project between the two countries, which was pending for many years.
Energy

US official says Biden admin. disagreed with OPEC cut plans

IFP Media Wire -
The Biden administration told Saudi officials that it disagreed with OPEC’s surprise decision to cut oil production when it was given a ‘heads up’ on the move, John Kirby, coordinator for strategic communications at the US National Security Council, told reporters.
Economy

Iran to form joint chamber of commerce with Saudi Arabia

IFP Editorial Staff -
A member of the presiding board of the Iranian chamber of commerce says Iran and Saudi Arabia will soon launch a joint chamber of commerce.
Energy

Oil prices jump after OPEC surprise production cuts

IFP Media Wire -
Oil prices have surged after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts. The oil producers, who control roughly 50% of global oil supplies, reached a decision to reduce their output starting from May until the end of 2023, in a move designed to stabilize the markets.
Economy

Economy minister says Iran’s oil exports hit highest level amid US sanctions

IFP Media Wire -
Tehran has achieved its highest level of oil exports for at least two years, surpassing the previous high of 1.3 million barrels a day despite Washington's sanctions, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi has confirmed.
Transportation

Bahraini official: Tehran, Manama to resume flights in near future

IFP Editorial Staff -
A senior Bahraini parliamentary official says Tehran and Manama are set to resume direct flights in the near future, amid a thaw in troubled ties between the two sides.
Economy

Minister: Iranian, Russian banking systems not depending on SWIFT

IFP Media Wire -
The banking payment systems of Iran and Russia are already connected with each other, and that the banks will soon be able to open accounts for companies in both countries to make payments without using SWIFT, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi said in an interview with Sputnik.
Energy

Iran launches major development phase at Abadan refinery

IFP Editorial Staff -
Iran has launched the first section of the second phases of a major project for development and stabilization of capacity at its Abadan refinery in the country's south.
Economy

Shamkhani: Iran, Iraq design new mechanisms for payment of debts to Tehran

IFP Editorial Staff -
The secretary of Iran’s Supreme National Security Council says Iran and Iraq have come up with a new mechanism for Baghdad to pay its debts to Tehran.
Economy

Volume of Iran-Oman trade increased by 100% in one year: Official

IFP Editorial Staff -
The head of the Iran-Oman Chamber of Commerce says the volume of trade between Tehran and Mascat has increased by 100% over the past year.
Economy

Iran’s security chief due in Iraq for talks after visits to China, UAE

IFP Editorial Staff -
The secretary of Iran’s Supreme National Security Council (SNSC) is set to visit Iraq for talks on ways to remove the obstacles to economic cooperation between the two neighbors.
Economy

Saudi Arabia says investments in Iran could happen very quickly following Tehran-Riyadh deal

IFP Media Wire -
Saudi Arabia's Finance Minister Mohammed al-Jadaan said on Wednesday that Saudi investments in Iran could happen "very quickly" following an agreement between the two nations.
Economy

Iran, Iraq reached good agreements on removing obstacles to economic ties: Minister

IFP Editorial Staff -
Iran’s Economy Minister Ehsan Khandouzi says Iran and Iraq reached good agreements on ways to remove the obstacles hindering economic cooperation between the two neighbors during his recent visit to Baghdad.
Economy

Iran-Belarus trade volume to hit $100mn.

IFP Editorial Staff -
Iranian President Ebrahim Raisi has said the signing of MoU’s in different fields by Iran and Belarus shows that Tehran and Minsk are resolved to expand their ties in all spheres.
Economy

Iran, Belarus sign roadmap for comprehensive cooperation

Mahdi Arman -
Iran and Belarus have signed a roadmap for comprehensive cooperation as well as seven other cooperation agreements during a visit to Tehran by Belarusian President Alexander Lukashenko.
Energy

Iran oil exports set record high in 4 years despite sanctions: Minister

IFP Editorial Staff -
Iranian Oil Minister Javad Owji said the country’s oil exports reached the highest level in four years including in the current Persian calendar year which will end on March 20.
Economy

Official: US allowed Iraq to release frozen Iranian assets worth hundreds of millions

IFP Editorial Staff -
An Iranian official says the US has allowed Iraq to released Iranian assets worth $500 million, as the two neighbors make efforts to boost economic and energy cooperation despite American sanctions.
1...121314...161Page 13 of 161

Latest news

© All Content by IFP News ( Iran Front Page ) is licensed under a Creative Commons Attribution 4.0 International License.

About Us

Popular Articles

Editor Picks