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, Turkmenistan agree to establish a joint trade center

IFP Media Wire -
Iran and Turkmenistan have agreed to establish a joint Trade center aimed at facilitating economic ties between the two neighboring countries.
Transportation

Transportation ties between Iran, Turkmenistan grows

IFP Editorial Staff -
Iran’s Minister of Transport and Urban Development Rostam Ghassemi says transportation between the Islamic Republic and Turkmenistan has increased by 50 percent since the implementation of previous agreements and revision of tariffs.
Energy

Iraq says will repay 2020 gas debts to Iran ‘within two days’

IFP Editorial Staff -
Iraq’s Ministry of Electricity says it will settle its debts for 2020 gas purchases from Iran “within two days,” as part of measures to avoid a halt in the flow of much-needed gas into the Arab country.
Energy

Iranian official: Export natural gas to Turkey rather than Iraq

IFP Editorial Staff -
The secretary of the Iranian Oil, Gas and Petrochemical Products Exporters Union has proposed replacement of Iraq with Turkey as the destination for Iranian natural gas exports.
Energy

Iran-flagged tanker carrying crude reaches Venezuelan waters

IFP Media Wire -
An Iran-flagged tanker carrying about 1 million barrels of crude from the Middle Eastern country arrived in Venezuelan waters over the weekend, according to a shipping document seen by Reuters on Monday.
Finance

South Korea says discussing Iranian frozen funds with US

IFP Media Wire -
South Korean Foreign Minister Park Jin says that Seoul will discuss the issue of Iran’s funds frozen in Korean Banks with the United States.
Economy

Paper: Iran on verge of importing gasoline

IFP Editorial Staff -
The current trend of fuel consumption in Iran will leave the government with no choice but to import gasoline to meet domestic needs, an Iranian newspaper says.
Economy

Iranian official says visas to be probably lifted for Russian businessmen

IFP Editorial Staff -
The Iranian foreign ministry’s deputy for economic diplomacy has described relations with Russia as strategic calling for a focus on energy, trade and transit sectors to build on a surge in ties which he says saw a jump over the past months.
Economy

Business owners in Tehran, Arak rally against tax rise plan

IFP Editorial Staff -
A group of home appliance shop owners hold a protest in downtown Tehran against a plan by the Iranian Ministry of Finance to levy tax on their banking transactions.
Economy

Iranian economists warn about consequences of government policies

IFP Editorial Staff -
Dozens of Iranian economists, in an open letter addressed to the government, have expressed concern about the current social and economic situation in the country saying public worries about their livelihoods and businesses have reached a point of explosion.
Transportation

Iran’s Mahan Air rejects any link to aircraft seized in Argentina

IFP Editorial Staff -
Iran’s Mahan Air has dismissed reports that a plane belonging to the airline has been seized in Argentina, saying the plane in question is operated by Venezuela.
Economy

Iran police arrest principals driving illegal futures forex, gold trades

IFP Editorial Staff -
Iran’s police say they have arrested 31 principals pulling the string of futures foreign currency and gold trade, as the Iranian rial’s exchange rate against the US dollar hits historical lows, driving a gold price surge.
Economy

Iran delivers another oil tanker to Venezuela

IFP Editorial Staff -
Iran has delivered another oil tanker to Venezuela during a ceremony in which the presidents of the two countries participated from Tehran via video conference. The delivery ceremony was held in the Persian Gulf.
Economy

Tehran says Iran-Nigeria trade up by 300%

IFP Media Wire -
Iranian Trade Minister says the value of bilateral trade between Iran and Nigeria has witnessed a 300% growth over the last 9 months of the past Persian Calendar year (ended on March 20).
Economy

Iran sees leap in foreign trade amid US sanctions

IFP Media Wire -
Iran foresees a leap in its foreign trade this year without worrying about the effects of the US sanctions which have been a drag...
Energy

Iranian MP denies government plans to raise fuel prices

IFP Editorial Staff -
A member of the Iranian parliament’s energy commission has dismissed reports making the rounds on social media about plans to raise fuel prices.
Economy

Iran, Qatar ink MoU to form joint trade council

IFP Media Wire -
Iran and Qatar signed a memorandum of understanding to form a joint trade council which held its first session in Doha on Monday.
Economy

Ministry: Iran selling over one million barrels of oil a day

IFP Editorial Staff -
Iran’s oil ministry says the government has managed to avoid imprest funding from the central bank in the first months of the Iranian calendar year (starting from March 21) for the first time in the past years, thanks to an increase in oil export revenues.
Economy

Iran, Afghanistan seek to boost trade ties

IFP Editorial Staff -
An Iranian delegation has traveled to Afghanistan’s eastern Khost Province for talks with Afghan officials to step up trade ties between the two neighboring countries.
Local

Daily to Raisi administration: Prove that you’re efficient

IFP Editorial Staff -
An Iranian daily has taken a swipe at the administration of President Ebrahim Raisi for failing to tackle the spiraling food prices.
Economy

Iran, Russia discuss fight against money-laundering

IFP Media Wire -
Tehran and Moscow have discussed ways of tackling money laundering amid joint efforts between the two countries to minimize the impacts of foreign sanctions on their banking and financial sectors.
Economy

Iran’s non-oil exports rise by 30 percent despite bans

IFP Editorial Staff -
Figures released by Iran’s customs organization show that non-oil exports by the country leaped by 30 percent in the first two months of the Persian year of 1401.
Energy

Iran and Azerbaijan sign deal to increase gas swap

IFP Editorial Staff -
Iran and the Republic of Azerbaijan have signed a deal to double the amount of Turkmenistan’s gas that is transferred to Azerbaijan through the Islamic Republic’s territory under a swap deal.
Economy

China reports 25% growth in imports from Iran in early months of 2022

IFP Editorial Staff -
China says its imports from Iran rose by 25 percent in the first four months of 2022, compared to the similar period last year, as the two strategic partners speed up economic cooperation.
Energy

Iran says capable of meeting large part of global needs for gas

IFP Editorial Staff -
Iranian Oil Minister Javad Oji says the country is capable of meeting a large part of global needs for gas as it sits on one of the largest gas reserves of the world.
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