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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.

Agriculture

Yemen’s Locusts En Route to Iran: Official Warning

IFP Editorial Staff -
Yemeni insect control experts and the United Nations Food and Agriculture Organization (FAO) have recently warned that the outbreak of locusts in the Arab country might reach neighbouring states, including Iran.
Economy

Iran-Germany Joint Venture Should Become Operational

Golrokh Askarieh -
Iran’s Minister of Industry called for the two sides’ industrial joint venture to enter the operational phase in a meeting with German Deputy Economy Minister Uwe Beckmeyer.
Europe

3rd Europe-Iran Forum Opens in Zurich

Golrokh Askarieh -
The 3rd Europe-Iran Forum opened on Tuesday May 3 in Zurich, Switzerland. The 2-day event offers a new and innovative program designed to balance high-level networking opportunities with panels and industry-focused workshops of real practical value.
Asia

TAVANIR and KEPCO Sign $10bn MoU

Golrokh Askarieh -
Iran’s Power Generation and Transmission Company (TAVANIR) and the Korea Electric Power Corporation (KEPCO) have sealed a deal over expansion of cooperation in power and energy industries.
Cultural Heritage

Abadan Oil Refinery’s Role in Iran History

Golrokh Askarieh -
When the Anglo-Persian Oil Company purchased a parcel of land from Sheikh Khazal to build the most important oil refinery in the world, it...
Europe

Iran and Switzerland Hold Financial Talks in Bern

Golrokh Askarieh -
Iran and Switzerland held a first round of financial talks in Bern and explored grounds for cooperation by presenting reports on their respective financial and banking activities and monitoring systems.
Energy

Oil Minister: $4bn to be Added to Iran’s Petrochemical Value

Golrokh Askarieh -
Petroleum Minister Bijan Zangeneh says over $4bn will be added to the country’s petrochemical value this calendar year.
IFP Exclusive

IRGC to Build 5,500 Residential Units Each Year to Fight Deprivation: Commander

IFP Editorial Staff -
Major General Mohammad Ali Jafari, the commander of the Islamic Revolution Guards Corps, announced that the IRGC will use its equipment and volunteer forces to build 5,500 houses per year in deprived regions of Iran.
Asia

Park Geun-hye: N Korea Must Follow Iran’s Strategy to Join International Community

Golrokh Askarieh -
South Korean President Park Geun-hye said South Korea hopes that North Korea will follow in the footsteps of Iran in curbing its nuclear activities and joining the international community.
Energy

Germany Eyes Iran’s Renewable Energy Market

Golrokh Askarieh -
Germany is seeking to establish long-term cooperation with solar companies and industry associations in Iran, a report said.
Industry

Iran Joins 8 Producers of Antimony Ingots

Golrokh Askarieh -
With its first antimony ingot plant operational in the southeastern province of Sistan-Baluchestan, Iran now stands among the eight producers of the product globally, IRNA reported.
Asia

Rouhani Welcomes Park Geun-hye

Golrokh Askarieh -
President Hassan Rouhani says there is suitable ground for foreign investment in Iran as he receives his South Korean counterpart Park Geun-hye in Tehran.
Asia

Seoul-Tehran Eye Pipeline Cooperation

Golrokh Askarieh -
KOGAS has agreed to engineer and launch Iran’s 9th and 11th cross-country pipeline projects, based on a Memorandum of Understanding (MoU) signed with the National Iranian Gas Company on Sunday May 1, a senior NIGC official said.
Finance

Committee Considering Ways to Reclaim Iran’s Assets Seized by US

Golrokh Askarieh -
Iran’s administration has set up a committee to take a series of legal and political measures to restore the Central Bank of Iran’s assets, seized by Washington according to a US court order, a Foreign Ministry spokesman said Monday.
Economy

Ireland Plans to Re-Establish Embassy in Tehran

Golrokh Askarieh -
The Irish government is considering reopening its embassy in Tehran in a bid to expand trade relations with the Middle East’s second-largest economy.
Asia

South Korean President in Iran for Official Visit

Golrokh Askarieh -
South Korean President Park Geun-hye who arrived in Iran on Sunday for a three-day visit, met Iranian President Hassan Rouhani on Monday morning after an official welcome ceremony at Sa'd Abad Palace.
Energy

VP to Open Lorestan Petrochemical Complex

Golrokh Askarieh -
Vice President Eshaq Jahangiri will inaugurate Lorestan Petrochemical Complex, western Iran, on Tuesday, May 3.
Energy

Iran’s Oil Exports Hit 2.3m bpd: President

Emad Askarieh -
Iran’s exports of oil and gas condensates have reached 2.3 million barrels per day (bpd), almost twice as much as before the Joint Comprehensive Plan of Action (JCPOA), a nuclear deal between Tehran and world powers, came into force, Iranian President Hassan Rouhani said.
Asia

Indian PM Modi to Visit Iran in Late May

Golrokh Askarieh -
According to Indian media, Prime Minister Narendra Modi is expected to make a visit to Iran later this month to expand ties with the country, particularly in the energy sector.
Economy

German Firms Dissatisfied with Merkel’s Stance on Iran

IFP Editorial Staff -
German businesspeople seem to be dissatisfied with German Chancellor Angela Merkel’s hard line on Iran because of Tehran’s anti-Israel stances, and expect Vice-Chancellor Sigmar Gabriel to enhance mutual cooperation with Iran in his Monday visit.
Economy

Rouhani on Workers’ Day: Stresses Need for Knowledge-Based Economy

Golrokh Askarieh -
Addressing a ceremony to mark International Workers’ Day (which coincides with national Teachers’ Day), President Hassan Rouhani congratulated Iranian workers, and said the Joint Comprehensive Plan of Action (JCPOA) was solving many national problems.
Asia

Park Guen-hye Hopes for New Chapter Between Seoul and Tehran

IFP Media Wire -
South Korea’s president arrives in Tehran today on a three-day visit aimed at boosting mutual ties, becoming the first South Korean president to visit...
Asia

Tehran, Seoul Determined to Boost Energy Cooperation

Golrokh Askarieh -
Iranian Minister of Petroleum Bijan Zangeneh said Iran and South Korea can cooperate in various energy sectors including petrochemical industry, liquefied natural gas and investment of Korean companies in Iranian projects.
Energy

Iran Resumes Electricity Exports to Iraq

Golrokh Askarieh -
Iran has resumed electricity exports to Iraq’s southern province of Basra following a hiatus over unpaid dues.
Industry

Labor Day: Iranian Workers

Golrokh Askarieh -
International Workers' Day (also known as Labor Day) occurs every year on May Day, May 1.
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