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.

Economy

Iran Aiming for Major Hike in Tourism Income

Golrokh Askarieh -
Iran has formulated plans to increase revenue from the tourism industry within the next ten years to an amount equal to the income generated by oil sales, Head of the country’s Cultural Heritage, Handicrafts and Tourism Organization (ICHHTO) Masoud Soltanifar said.
Economy

Iran, Italy sign up to $18.4bn contracts

Golrokh Askarieh -
Iran and Italy have signed multi-billion dollar contracts covering various sectors including health, transportation, agriculture and energy.
Economy

Iran, Italy, France line up mining deals

Golrokh Askarieh -
Iran’s mining sector is probably a new darling of foreign investors, with companies from China to Europe lining up to try their hand in one of the least developed industries in the resource-rich country.
Economy

Iran, Egypt resume trade ties: Report

Golrokh Askarieh -
Iran’s first cargo of petrochemical products in recent years has left for Egypt, marking the resumption of trade ties between the two major Muslim countries, the Mehr news agency says.
Energy

Oil prices will rise to $50 in 2016, $70 in 2017, expert estimates

Golrokh Askarieh -
Despite a vulnerable oil market showing no signs of remedy, expert predicts a rise in the next prices of the commodity in the next two years.
Transportation

Iran, US hold talks on direct flights

Emad Askarieh -
Farhad Parvaresh, Chairman and Managing Director of Iran Air, referred to the resumption of refueling at airports in Western Europe following the lifting of international sanctions.
Hard News

Iran, US Mulling Establishment of Direct Flights: Minister

Golrokh Askarieh -
Iranian Minister of Road and Urban Development Abbas Akhondi on Sunday said Iran and the United States are in talks for launching direct flights between the two countries in the wake of the recent removal of anti-Iran sanctions.
Selected

Iran eyes buying over 100 Boeing jets

Emad Askarieh -
Iran seeks to buy more than 100 aircraft from US aircraft maker Boeing as part of a plan to renovate its commercial aviation fleet, an official says.
Economy

Japan to extend oil deals with Iran

Golrokh Askarieh -
The media in Tehran said on Saturday that Japan plans to extend a contract to purchase crude oil from Iran.
Economy

Airbus Officials to Discuss Plane Sale to Iran Sunday

Golrokh Askarieh -
Officials with the European aircraft manufacturer Airbus will arrive in the Iranian capital on Sunday to talk about the sale of passenger aircrafts, but the American counterpart Boeing will not send any representatives due to visa problems, an Iranian official said on Saturday.
Economy

Iran main taker company envisages bourse listing

Golrokh Askarieh -
Iran’s largest oil tanker company says it is envisioning an international listing of its shares just as it prepares for its first sail to the European Union since 2012.
Economy

Canada jet maker eyes Iran despite strains

Golrokh Askarieh -
Bombardier, the Montreal-based manufacturer of planes and trains, is exploring how to enter the Iranian market now that western anti-Iran sanctions have been lifted. This is while the company faces challenges that confront all Canadian businesses looking to deal in Iran, Canadian Broadcasting Corporation reported.
Economy

Greece refiner agrees to resume Iran oil purchase

Emad Askarieh -
Greece’s main oil refiner Hellenic Petroleum has reached an agreement with Iran for importing crude oil now that international sanctions have been lifted on Tehran.
IFP Exclusive

World giant aircraft manufacturers come together in Tehran

IFP Editorial Staff -
According to Manager of Public Relations Department of Iranian Civil Aviation Organization, world major aircraft manufacturers from Europe and the United States will gather...
Economy

Kuwaiti banks ready for cooperation with Iran in post-sanction era

Golrokh Askarieh -
Kuwaiti banks and businesses are ready for resuming cooperation with Iranian banks, Kuwaiti daily al-Rai said on Tuesday.
Economy

Iran to present ‘golden opportunities’ for foreign businesses

Golrokh Askarieh -
Iranian FM Zarif says the country will soon present golden opportunities for various economic institutions and industries across the world for investment and exchange of technology.
Economy

Iran ready to meet Europe’s gas need

Golrokh Askarieh -
An NIGC official has announced Iran’s willingness to launch gas talks with EU expressing the country’s readiness to supply European countries with natural gas.
Economy

Russia eyeing Iran military helicopter market

Golrokh Askarieh -
Russia hopes to sell Iran military helicopters in the wake of the lifting of economic and financial sanctions against the Islamic Republic.
Economy

Iran sanctions removal to raise trade: Russia

Golrokh Askarieh -
Russia’s Central Bank says the removal of anti-Iran sanctions can enhance bilateral cooperation in different areas.
Economy

President praises nation’s resistance, patience during nuclear talks

Emad Askarieh -
President Hassan Rouhani on Tuesday praised nation's resistance and patience during nuclear negotiations between Iran and P5+1.
Economy

Lift of anti-Iran sanctions, special chance for Italian companies

Golrokh Askarieh -
Managing director of Italy's Genius Car Ltd announced that lifting anti-Iran sanctions is a special opportunity for the foreign firms, also the Italian ones, to be present in Iranian market.
Economy

No obstacle for implementation of Iran Pakistan Pipeline when sanctions are lifted

IFP Editorial Staff -
Pakistan has not fulfill its commitments towards  construction of a gas pipeline with Iran (IP) so far under the pretext ofsanctions, despite more than one year since the deadline specified in the contract. Now a high ranking Pakistani official says that there will be no problem and pressure from any third party to hinder construction of the pipeline upon lifting of sanctions.
Economy

Iranian companies to join Omani Markets

Golrokh Askarieh -
The organizer of Iran private exhibition in Oman has said Iranian companies will attend the exhibition to maintain and improve Iran’s market condition.
Finance

Security Council removes Bank Sepah, Bank Sepah Int’l from 2231 list

Golrokh Askarieh -
The UN Security Council in New York removed names of Iran’s Bank Sepah and Bank Sepah International from the 2231 List after concluding its consideration of the de-listing request.
Hard News

Official: First Airbus deliveries in July

Golrokh Askarieh -
Airbus' first deliveries to flag carrier Iran Air are due as early as July, said a minister adding that a deal to purchase 114 jets from the European company has been agreed.
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