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 says non-oil exports show 40% increase this year

IFP Editorial Staff -
Iranian Minister of Industry, Mines and Trade Seyyed Reza Fatemi Amin says Iran has exported 80 billion dollars of non-oil goods during the last eleven months.
Transportation

Iran sends 2nd flight to Romania to bring back citizens fleeing Ukraine

IFP Editorial Staff -
Iran has sent a second emergency flight to Romania to bring home the Iranian students and other citizens who have arrived from Ukraine, which has been the scene of a full-blown Russian military operation for over a week.
Industry

Iran’s active participation in Baghdad exhibition of military industries

IFP Editorial Staff -
Iran is participating in International Exhibition of Security, Defense and War Industries in Baghdad along with 13 other countries and more than 60 companies.
Economy

‘Iran can secure good share of Russian market’

IFP Editorial Staff -
The deputy chairman of the Non-Oil Export Commission of the Iranian Chamber of Commerce says Russia will facilitate exports from Iran due to the war in Ukraine and Western sanctions.
Energy

Iran launches strategic gas refinery in south

IFP Editorial Staff -
The Persian Gulf Bidboland storage facility and wharf has been launched in the presence of Iran’s oil minister in the port city of Mahshahr in southern Iran.
Economy

Iranian minister calls for strengthening of economic ties with Armenia

IFP Editorial Staff -
The Iranian minister of industry, mines and trade has said Iran and Armenia have cooperated a lot politically and culturally, but unfortunately their economic relations are far behind political and cultural ties between the two countries.
Architecture

Iran’s pepper exports will resume on March 5

IFP Editorial Staff -
Kazem Jalali, Iran’s Ambassador to Russia, says following efforts by Iranian officials the follow-up, the exports of Iranian pepper to Russia, which had been banned for some time due to some technical problems, will resume next Saturday.
Energy

Iran says ready to quick supply of crude in global markets

IFP Editorial Staff -
Iranian Oil Minister Javad Owji says the Islamic Republic is ready to quickly increase its supply of crude to international markets, stressing that it is the consumer countries that should take the necessary steps to facilitate restoration of stability to global markets.
Economy

Iran’s exports to Iraq crosses $8.2 billion

IFP Editorial Staff -
An Iranian customs spokesman says in the first 11 months of this year, more than 28 million tons of goods worth over 8.2 billion dollars were exported from Iran to Iraq, which translates to a 17% increase in weight and a 20% increase in value compared to the same period last year.
Economy

“Iranian govt. will not squander this opportunity to expand trade with Russia“

IFP Editorial Staff -
The head of Iran’s Trade Promotion Organization says the Raisi administration will not squander an opportunity to expand trade ties with Russia.
Economy

Non-oil exports of Iran crosses $45 billion

IFP Editorial Staff -
Of Iran's more than $45 billion worth of non-oil exports, $43 billion are goods and over $2 billion are technical and engineering services.
Economy

“Boost in ties with Qatar can link Iran to intl. markets”

IFP Editorial Staff -
A senior member of the Iranian Chamber of Commerce says expansion of ties with Qatar can link Iran with international markets and increase trade.
Economy

Iran to attend Iraq’s intl. investment exhibit in late March, 2022

IFP Editorial Staff -
Iran is to hold an international investment exhibition in the Iraqi capital Baghdad aimed at promoting trade ties between the two countries.
Transportation

Iran ready to return nationals from Ukraine through Hungary and Poland

IFP Editorial Staff -
The head of Iran’s Aviation Organization has said the country is ready to send a passenger plane to Poland to return Iranian nationals from Ukraine. Mohammad Mohammadi Bakhsh said officials are awaiting a permit to do so.
Energy

Iranian oil exports have increased 40 percent despite sanctions

IFP Editorial Staff -
Iran’s minister of economic and financial affairs says the country’s oil exports have increased 40 percent compared to the time when President Ebrahim Raisi took office.
Economy

Pakistan OKs legal mechanism to facilitate barter trade with Iran

IFP Editorial Staff -
Pakistan’s economic authorities have approved a legal mechanism designed to facilitate barter trade with Iran in new step in the direction of expanding commercial ties between the two neighbors.
Economy

Iran minister calls for development of border markets with Pakistan

IFP Editorial Staff -
Iran’s Interior Minister Ahmad Vahidi has said improving conditions in Mirjaveh border market of Sistan and Baluchestan on the border with Pakistan, must be on the agenda of provincial officials.
Finance

Iran calls for increasing financial transactions with Iraq

IFP Editorial Staff -
Iran’s first vice president has called for Iranian and Iraqi central banks to further their cooperation to facilitate financial transactions between the two countries.
Energy

Oil prices surge above $100 following Russia Ukraine attacks

IFP Media Wire -
Oil prices soared past $100 for the first time in more than seven years on Thursday after Russian President Vladimir Putin announced a "military operation" in Ukraine.
Economy

“Iran’s exports to Russia rose more than 60% this year”

IFP Editorial Staff -
The president of the Joint Chamber of Commerce of Iran and the Russian Federation says Iran's exports to Russia rose over 60% this year.
Economy

Iran’s Raisi: Work must swiftly begin on 14 deals inked in Qatar

IFP Editorial Staff -
Upon returning home from Qatar, Iranian President Ebrahim Raisi has called on his administration to immediately start work on implementing the 14 agreements reached with Doha during his trip to the Persian Gulf kingdom.
Energy

Iran, Venezuela ink MOU for refinery overhaul

IFP Editorial Staff -
Iran has signed a number of memoranda of understanding with Venezuela to overhaul and renovate the Latin American country’s oil refineries and gas processing plants.
Economy

Iran, Kazakhstan to increase bilateral trade to $3bn

IFP Editorial Staff -
Iran and Kazakhstan plan to increase the volume of their bilateral trade to three billion dollars in three years.
Energy

Raisi: Natural gas can shape future of world energy

IFP Editorial Staff -
Iranian President Ebrahim Raisi says natural gas can shape the future of energy in the world, stressing that gas exporting countries should use the fuel to prop up the global economic recovery after the coronavirus pandemic is over.
Energy

Raisi’s major mission in Qatar

IFP Editorial Staff -
Iran and Qatar have enjoyed good, stable and predictable relations over the past years. According to an opinion piece published by IRNA News Agency, the Iranian president’s visit to Doha, a decade after the last such visit, shows great efforts aimed at expanding relations. Ebrahim Raisi has a mission to strengthen bilateral relations with Qatar and Tehran’s role in the Gas Exporting Countries Forum.
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