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.

Nuclear

Iran MP: Europe seeking to address own energy concerns through JCPOA revival talks

IFP Editorial Staff -
The chair of the Iranian parliament’s foreign relations committee says Europe is trying to act as a mediary in the talks for revival of the 2015 nuclear deal to help get Iran and the US agree on a solution and that is aimed at providing for the continent’s energy needs in the winter.
Transportation

Iranian plane makes emergency landing after tire blows out

IFP Editorial Staff -
An ATA airlines passenger plane blew a tire after takeoff on Saturday morning in northeastern Iranian city of Mashhad, but the pilot managed to land the plane with 168 passengers and crew on board safely.
Economy

Iran’s no-oil exports rise by 22% in first 4 months of this year

IFP Editorial Staff -
The Iranian government spokesman Ali Bahadori says Iran's no-oil exports in the first 4 months of the  Persian year 1401 hit 17 billion dollars.
Energy

Iranian MP: Iran, Russia can raise global status by energy deals

IFP Editorial Staff -
Iran and Russia sit on 30 percent of the world’s gas reserves and energy deals between the two countries can elevate their standing in the world, an Iranian lawmaker says.
Finance

Iran to issue cards under Russian Mir payment system shortly

IFP Editorial Staff -
An Iranian deputy foreign minister says Iran will shortly issue cards that would operate under the Russian Mir (Мир) payment system, enabling Russians and Iranians in the country to make electronic transfers via the system.
Economy

Iran’s exports to China up by 31% in first half of 2022

IFP Editorial Staff -
Iran’s exports to China increased by 31% in the first half of the year 2022, with the trade volume between the two countries exceeding 8 billion dollars, according to the latest statistics published by China’s General Administration of Customs.
Transportation

Tehran slams Pakistan’s claims: Iran has safest airspace in region

IFP Editorial Staff -
The head of Iran’s Airports Company has dismissed as “wrong” and “strange” Pakistan’s claim that two of its passenger planes had a high altitude near-miss in Iranian airspace due to “human error” by Iran’s air traffic controllers.
Economy

‘Demands high from China, India for northern Iranian ports’

IFP Editorial Staff -
Demands are increasing from Chinese and Indian merchants to transport goods via northern Iranian ports which indicate the North-South transit corridor is up and coming, an Iranian official says.
Energy

‘Another defeat for sea pirates:’ Greece’s top court backs Iran in oil tanker row

IFP Editorial Staff -
Greece’s Supreme Court has voted to uphold an appeals ruling in favor of Iran against the confiscation in April of an oil shipment, which later was handed over the US in what Tehran slammed as a blatant act of piracy.
Economy

Iran, Russia to officially ditch dollar in bilateral trade

IFP Editorial Staff -
Iran and Russia will definitely remove the dollar from their bilateral transactions, the Iranian minister of economy has confirmed, adding that talks are underway with other countries to continue the de-dollarization process.
Energy

Erdogan: Turkey to increase oil, natural gas imports from Iran

IFP Editorial Staff -
Turkish President Recep Tayyip Erdogan says his country will increase oil and natural gas imports from Iran.
Economy

Iranian Intelligence Ministry dismantles forgery ring

IFP Editorial Staff -
Iran’s Intelligence Ministry says its agents have dismantled a forgery and corruption ring after identifying all its members.
Economy

Chinese ambassador: Iran can play key role in China’s ‘Belt & Road’

IFP Editorial Staff -
The Chinese ambassador to Iran says the Islamic Republic can play a major role in Beijing’s Belt & Road initiative, a hundreds of billions of dollar project aimed at reviving the ancient Silk Road trade route.
Economy

Iran 10th bigest steel producrer in the world, despite decrease in production

IFP Editorial Staff -
World Steel Association declared in its latest report that steel production in Iran in June 2022 decreased by 10.5% compared to the same period in 2021.
Energy

Iran to export 400 megawatts of electricity to Iraq in 5 years

IFP Editorial Staff -
The Iraqi ministry of energy says, Iran will export some 400 megawatts of electricity to Iraq in five years.
Energy

Hungary calls for Iran ‘forceful return’ to world energy markets

IFP Editorial Staff -
The Hungarian foreign minister says Iran’s more forceful return to the global energy markets will serve the interests of all countries.
Science and Technology

Iran launches its biggest solar panel production line

IFP Editorial Staff -
Iranian President Ebrahim Raisi unveils the country's biggest solar panel production line in Markazi Province, in central Iran.
Energy

Russia’s Gazprom participates in development of Iran’s gas and oil fields

IFP Editorial Staff -
The CEO of the National Iranian Oil Company has said $25 billion out of the $40 billion agreement with Russia’s Gazprom is for the development of Iran’s gas fields and the completion of the LNG project and $15 billion for the development of 6 oil fields in Iran.
Finance

Iran and Russia to gradually ditch dollar in foreign trades

IFP Editorial Staff -
Iran and Russia have prepared the ground to do away with the dollar in their bilateral trade and cushion their economies against ‘unjust’ US-speared Western embargoes, the governor of Iran’s Central Bank says.
Energy

Iran says to extract natural gas from Persian Gulf gas field in winter

IFP Media Wire -
Iran will be able to pump natural gas from a difficult gas field in the Persian Gulf where development works have stalled for nearly five years because of American sanctions on the country, a senior official with the Iranian Oil Ministry confirmed.
Finance

Iran’s central bank governor upbeat about rial-ruble trading

IFP Editorial Staff -
Iran’s move to launch trading in the Iranian rial-Russian ruble in its foreign exchange market can further bolster its economic relations with Russia and diminish other foreign currencies’ role in the Iranian market, according to the governor of the Central Bank of Iran (CBI).
Energy

Iran signs largest foreign investment MoU in its oil industry

Emad Askarieh -
Iran’s national oil company and Russia’s energy giant, Gazprom, have signed a major memorandum of understanding worth billions of dollars for a joint investment in oil and gas projects, despite sanctions on both countries.
Energy

NIOC’s CEO: Company will not let any investment opportunity with Russia pass

IFP Editorial Staff -
The CEO of the National Iranian Oil Company has said the signing of strategic cooperation agreement between Iran and Russia is the biggest investment deal in the history of Iranian oil industry.
Energy

Minister: Iran eyeing long-term regional energy deals

IFP Editorial Staff -
Iran, as the top producer of electricity in West Asia, is planning on signing long-term agreements in the electricity sector as part of its active diplomacy in the region, the Iranian energy minister says.
Economy

“Iran-Russia trade grew by over 81 percent in 2021”

IFP Editorial Staff -
The chairman of the Iran-Russia chamber of commerce says trade between the twi countries grew by 81.7 percent and reached $4.03 billion in 2021.
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