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

Raisi invites Iran expats in Qatar to invest in motherland

IFP Editorial Staff -
President Ebrahim Raisi says Iranian expatriates are assets of the Islamic Republic in other countries, inviting them to engage in economic projects in Iran.
Economy

Iranian govt. oil budget: A return to oil addiction era?

IFP Editorial Staff -
During the examination of the details of the revenue section of the 1401 budget bill, the Iranian lawmakers approved paragraph b of note 1 that determines the ceiling of resources derived from oil revenues
Economy

Iran, Qatar sign 14 agreements during Raisi’s visit

IFP Editorial Staff -
Iran and Qatar have signed 14 agreements during Iranian President Ebrahim Raisi’s visit to Doha.
Energy

Oil prices calm down as Russia-Ukraine tensions, Vienna talks weigh

IFP Media Wire -
Oil prices calmed down after fluctuating initially on Monday, as investors eyed contrasting scenarios of tighter Russian energy supplies due to the Ukraine crisis and more crude coming to the market on a possible nuclear deal between Iran and world powers.
Energy

Raisi arrives in Doha for GECF summit, high-level talks

IFP Editorial Staff -
Iranian President Ebrahim Raisi has arrived in Doha for the sixth summit of the Gas Exporting Countries Forum in the Persian Gulf stare of Qatar.
Economy

Japan envoy: Hormozgan “attractive” for Japanese investors

IFP Editorial Staff -
Japan’s ambassador to Iran says investment in the solar energy, petrochemical and iron industries in the southern Iranian province of Hormozgan is “very attractive” for Japanese companies.
Economy

Uzbekistan to increase trade with Iran to $1bn

IFP Editorial Staff -
Uzbekistan’s deputy prime minister says the country is planning to increase trade with Iran to $1 billion over the next two years.
Energy

Iranian FM: Tehran ready to expand ties with Norway in oil, gas industries

IFP Editorial Staff -
Iranian Foreign Minister Hossein Amir Abdollahian has told his Norwegian counterpart Ms. Anniken Huitfeldt that Tehran is ready to expand ties with Oslo in several areas, especially oil and gas.
Agriculture

Iranian saffron very high-quality, tasty: Brazilian minister

IFP Editorial Staff -
The Brazilian agriculture minister has commended the excellent quality of Iranian saffron, praising it as outstanding and ambrosial.
Transportation

Minister aims at shipping, transport agreements during Qatar visit

IFP Editorial Staff -
Iran’s minister of roads and urban development says his visit to Qatar will focus on negotiations to launch regular shipping lines between port cities of the two countries and an agreement to allow Qatar Airways better access to Iran’s airspace.
Energy

OPEC+ wants Iran to join supply deal if sanctions lifted

IFP Media Wire -
OPEC+ will work to integrate Tehran into its oil supply-limiting accord if an agreement is made in the Vienna talks over reviving the Iran nuclear deal, sources close to the group says.
Energy

Iran dismisses ‘bogus’ rumors of Chinese military deployment

IFP Editorial Staff -
The Iranian Petroleum Ministry has dismissed rumors of China’s military deployment to Iran to protect its energy projects there, saying such claims could be a reaction to Tehran’s gains from enhanced economic ties with Beijing.
Energy

Oil prices extend losses as Iran nuclear deal nears

Fatemeh Askarieh -
Oil prices extended losses on Friday, heading for a weekly fall, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible supply disruption arising from a Russian invasion of Ukraine.
Agriculture

Brazil minister says seeking balance in agricultural trade with Iran

Fatemeh Askarieh -
Brazil minister says seeking balance in agricultural trade with Iran
Energy

Iran and Qatar to form joint working group for South Pars study

Fatemeh Askarieh -
An informed source in Iran’s Oil Ministry says Iraq and Qatar are going to discuss bilateral cooperation in gas swap, adoption of a common position in world markets and formation of a joint South Pars study working group.
Finance

Iranian Central Bank confirms talks with South Korea over frozen assets

Fatemeh Askarieh -
The Iranian Central Bank has confirmed reports that an Iranian delegation has recently visited South Korea for talks over Iran’s frozen assets in the southeast Asian country.
Energy

Japan mulls resuming Iran oil imports, pending Vienna talks

IFP Media Wire -
Japan's oil giant Eneos Holdings Inc says it will consider resuming oil imports from Iran if an agreement to revive the 2015 nuclear deal is reached. The company has yet to start necessary preparations to that end.
Economy

Iranian daily: Officials paying lip service to improving economy

IFP Editorial Staff -
Iranian daily Jomhouri Eslami - Islamic Republic – has strongly criticized the government’s handling of the economic situation in the country, saying the pressure people are facing to provide for their livelihoods “has broken their backs”.
Foreign Policy

Iranian officials visit Seoul, demand S Korea to unlock frozen assets

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Saeed Khatibzadeh says an expert delegation from the Islamic Republic of Iran consisting of banking and oil experts held talks in Seoul with South Korean officials and companies over ways of resuming exports of Iranian oil and gas condensate to the Southeast Asian country.
Energy

Expert: Iran can’t benefit from Ukraine crisis for gas exports

IFP Editorial Staff -
An Iranian university professor and economic expert says Iran will not be able to benefit from the Ukraine crisis to increase its gas exports and that the Russians will not easily allow Iran to enter Europe’s gas market.
Economy

Iranian exports to Iraq increase 15% compared to last year

IFP Editorial Staff -
A member of the board of directors of the Iran-Iraq Joint Chamber has said in the first 10 months of this year, $7.280 billion worth of goods were exported to Iraq.
Economy

Report: South Korea plans to resume oil imports from Iran

IFP Editorial Staff -
A South Korean media report says the country plans to resume oil imports from Iran after a three-year pause.
Economy

Iran, South Korea hold working group talks on frozen assets

IFP Media Wire -
Tehran and Seoul have held working-level consultations to discuss ways to resolve years-long disputes over Iran's funds frozen in South Korea under the U.S. sanctions, South Korea’s foreign ministry announced Wednesday.
Energy

OPEC: Iran’s 2021 oil output grew 21% compared with 2020

IFP Editorial Staff -
OPEC’s latest report shows Iran's crude production last year increased 21% compared with 2020 despite stringent sanctions imposed and strictly enforced by the United States.
Transportation

IRGC launches airport on Iran’s Greater Tunb Island

IFP Editorial Staff -
Iran’s Islamic Revolution Guards Corps has launched an airport on the Iranian island of Greater Tunb in the Persian Gulf.
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