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.

Media Wire

2 US Congressmen Oppose Boeing Iran Sale

IFP Media Wire -
Two senior Republican House of Representatives lawmakers expressed concerns over Boeing’s reported plans to sell aircraft and associated parts to Iran following a lasting nuclear deal between Tehran and world powers.
Media Wire

Tehran and Tokyo Sign New Water Agreement

IFP Media Wire -
Iran and Japan have signed a cooperation document on capacity development for the integrated management of water resources.
Media Wire

Iran Producing Precision Farm Machinery

IFP Media Wire -
After unveiling a ditcher machine and a laser scraper made by one of the knowledge-based companies in Dezful, Iran joined the list of countries producing precision-guided laser and satellite farm machinery.
Media Wire

Eurasian Economic Commission: Talks on Free Trade Zone with Iran to be Held in Late June

IFP Media Wire -
The talks on the creation of a temporary free trade zone between the Eurasian Economic Union (EAEU) and Iran will be held in late June, the Eurasian Economic Commission (EEC) Trade Minister Veronika Nikishina said at the St. Petersburg International Economic Forum (SPIEF-2016) on Friday June 17, Tass reported.
Media Wire

Iran to Export 1st Phase 19 Condensate Consignment Soon

IFP Media Wire -
Operator of phase 19 development project of the supergiant South Pars Gas Field said the phase's first gas condensate cargo will be exported within the next few weeks.
Media Wire

Italy Eager to Boost Economic Ties with Iran

IFP Media Wire -
Entrepreneurs, market experts, banking and industry representatives in the Italian northern province of Emilia-Romagna have voiced their willingness to launch joint investments with Iran.
Media Wire

Dust Storm Suspends Flights at Abadan Airport

IFP Media Wire -
Dust coming from deserts in Iraq and Syria disturbed daily life in western and southwestern parts of Iran, cancelling flights at Abadan's international airport.
Media Wire

Envoy Urges Boost to Iran-Russia Trade

IFP Media Wire -
Iran’s ambassador to Moscow called for efforts to enhance economic relations with Russia proportional to their political interaction.
Media Wire

Iran Says Boeing Deal “Biggest Ever” with US

IFP Media Wire -
Iran’s Deputy Minister of Roads and Urban Development Asghar Fakhrieh Kashan says the upcoming plane purchase deal with the United States will be the biggest civil trade agreement between the two countries in decades.
Industry

World’s Best Turquoise Extracted by Villagers: Dynamite, Cancer, and Money!

IFP Editorial Staff -
“The people of this village make huge money by extracting turquoise.” This is what many people in Nishapur say about the residents of Ma’dan village, who have leased the turquoise mine from the government for a 25-year period, and are extracting the precious stone themselves.
Media Wire

Iran and Armenia Begin Power Talks

IFP Media Wire -
A fresh round of Iran-Armenia power talks has begun over exports of certain technical and engineering services as well as electrical goods from Iran to the Caucasus region states.
Media Wire

Iran MPs Consider Suing Canada Over Asset Seizure

IFP Media Wire -
A parliamentary panel in Iran is examining Canada's appropriation of Iranian assets for the possible launch of a lawsuit against the seizure, an MP says.
Media Wire

MP Praises Petroleum Ministry for Regaining Market Share

IFP Media Wire -
Ghasem Ahmadi, a member of the Iranian Parliament, praised the Iranian Ministry of Petroleum for its efforts to revive the country's oil market share lost under the sanctions.
Media Wire

New Iran-South Korea Container Service

IFP Media Wire -
Islamic Republic of Iran Shipping Lines launched a new, direct and regular container service to South Korea as business and trade ties between the two countries continue to expand, JOC reported.
Media Wire

Rouhani: Government Created over 1 Million Jobs

IFP Media Wire -
The Iranian government is proud of having created about 1.4 million jobs over the past three years, President Hassan Rouhani announced
Media Wire

Chabahar a Vital 21st Century Port: Chinese Official

IFP Media Wire -
The Head of Shanghai Academy of Social Sciences on Wednesday cited Chabahar as a strategic region and vital port in the 21st century.
Selected

Iran Deal Allows for Sales of Passenger Planes: Kirby

IFP Media Wire -
The spokesman of the US State Department says that Iran’s historic nuclear agreement with the permanent UN Security Council members plus Germany (P5+1) allows Western jet manufacturers to trade with Tehran.
Media Wire

President: Cabinet Shamed by Unemployment

IFP Media Wire -
Iranian President Hassan Rouhani said his administration feels ashamed to see those Iranian graduates who have no job.
Economy

Iranian Mines Account for 16% of Non-Oil Exports

IFP Media Wire -
Iran’s Ministry of Industry has announced that Iranian mineral products and industries accounted for 16.5% of the country’s non-oil exports last year.
Media Wire

“Women to Make Up 45% of Labour Market in Iran by 2026”

IFP Media Wire -
Within the next ten years, about 45% of the Iranian labour market will be in the hands of women, Moslem Khani, an advisor to the Ministry of Cooperatives, Labour and Social Welfare said on Monday June 13.
Media Wire

Petchem Exports Up 46% in Two Years: Zangeneh

IFP Media Wire -
Iranian Minister of Petroleum Bijan Zangeneh said Iran's export of petrochemical products stood at 18.7m metric tons in the previous Iranian calendar year, which ended on March 19, up by 46% from two years earlier.
Media Wire

US Must Do More on Nuclear Deal: Iran

IFP Media Wire -
Iran says the US must do more to encourage banks into doing business with the Islamic Republic following the lifting of sanctions.
Media Wire

Iran and Turkey Sign Deal to Build Industrial Park

IFP Media Wire -
Iran and Turkey have signed an agreement to construct an industrial park in Iran in a bid to boost mutual cooperation between the two neighbouring countries.
Media Wire

Iran Oil Output Over 3.8mbd

IFP Media Wire -
Iranian Minister of Petroleum Bijan Zangeneh said Iran's crude oil production has crossed 3.8m barrels per day in the month of Khordad, which began on May 21.
Media Wire

Chinese Ambassador Interested In Expanding Iran Ties

IFP Media Wire -
China’s Ambassador to Iran Pang Sen stressed the interest of Chinese officials in expanding relations with Iran.
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