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.

Finance

Iran and S. Korea set for talks next month over frozen assets

IFP Media Wire -
South Korea and Iran plan to hold working-level consultations next month in Seoul to discuss ways to untangle years-long disputes over Tehran's assets frozen under US sanctions, an informed source says.
Energy

Iranian oil minister: Numerous potential areas for Russia-Iran cooperation

IFP Editorial Staff -
Iranian Oil Minister Javad Ouji has said on his Twitter account that Iran and Russia are two key players in the global energy arena and there are many potential areas for cooperation between the two countries.
Energy

Erdogan: Iran natural gas supply problem to be resolved soon

IFP Editorial Staff -
Turkish President Recep Tayyip Erdogan says he has discussed the recent disruption in supply of Iranian natural gas to his country with his Iranian counterpart Ebrahim Raisi and that the problem will be solved in the near future.
Transportation

Iran, Azerbaijan sign deal to construct border road bridge

IFP Editorial Staff -
Iran and the Republic of Azerbaijan have signed an agreement for the construction of a road bridge on the Astarachay river on their border.
Economy

IRICA: Iran’s 10-month exports up 38%

IFP Editorial Staff -
The head of the Islamic Republic of Iran Customs Office (IRICA) says the country’s exports in 10 months have witnessed a 38 percent increase, compared to that of its preceding year.
Energy

Iran plans to produce 17k MW of nuclear power in 20 years

Seyedeh Maryam Hosseini Lahijani -
The Director of the Atomic Energy Organization of Iran says the country will be producing 10,000 MW of nuclear power next year and plans to increase the production to 17,000 MG in 20 years.
Economy

Uzbekistan finalizes Chabahar Agreement accession

IFP Editorial Staff -
Uzbekistan has finalized its accession to the International Transport and Transit Corridor also known as the Chabahar Agreement.
Energy

‘Developing nuclear power plants Iran’s key strategy’

IFP Editorial Staff -
Iran’s nuclear chief has called for the development of nuclear power plants for access to clean energy, saying “this is a national strategy and a priority” of Iran.
Finance

Japanese ambassador to Tehran visits southern city of Ahvaz

IFP Editorial Staff -
Japan’s Ambassador to Tehran Ikawa Kazutoshi has said Tokyo is ready to expand cooperation with Iran .
Economy

Deputy minister: Iran’s non-oil exports expected to hit $45bn

IFP Editorial Staff -
Iran’s deputy minister of industry, mine and trade predicted that the country’s annual non-oil exports would hit $45 billion.
Transportation

Iran roads minister heads to Baku to boost bilateral cooperation

IFP Editorial Staff -
Iran’s Roads and Urban Development Minister Rostam Qassemi on Monday left Tehran for Baku, the capital of the Republic of Azerbaijan, to discuss further mutual cooperation.
Energy

Iran resumes gasoline exports to crisis-hit Afghanistan amid frigid winter

IFP Editorial Staff -
Iran’s special representative for Afghanistan says the Tehran administration has given the green light to exports of gasoline to the northeastern neighbor to help its people get through the frigid winter in the crisis-hit country.
Economy

Iran, Pakistan to do trade by barter soon

IFP Editorial Staff -
Iran and Pakistan will resort to barter soon, said a member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).
Economy

‘Govt. coordinated currency, trade policies help Iran’s export value top $40bn’

IFP Editorial Staff -
The chief of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) expressed his satisfaction with the worth of exports, saying the coordination between the government’s currency and trade policies has effectively helped Iran’s exports touch more than $40 billion.
Economy

Iran’s East Azarbaijan to facilitate Turkish investments

IFP Editorial Staff -
The governor general of East Azarbaijan Province in northwestern Iran has pledged to facilitate the presence of Turkish investors in the province. Abedin Khorram made the remark in a meeting with Çetin Taner, the new consul general of Turkey in the provincial, Tabriz.
Energy

Technical problem decreases Iran gas exports to Turkey

IFP Editorial Staff -
Tehran says due to a technical problem on part of Turkey, Iran’s gas exports to its neighbor has been suspended.
Economy

Official: Iran exports revenue to Iraq some $8bn

IFP Editorial Staff -
The head of Iran-Iraq Joint Chamber of Commerce said Iran’s exports to Iraq during the first eight months of the Iranian calendar year (starting March 21, 2021) have fetched the country around $8 billion.
Economy

Raisi: Iran, Russia to finalize comprehensive cooperation deal soon

IFP Editorial Staff -
President Ebrahim Raisi says Iran and Russia will soon finalize their 20-year cooperation agreement.
Agriculture

Sugarcane: Red gold growing in northern Iran

IFP Editorial Staff -
Sugarcane is part of the agricultural produce in northern Iranian Mazandaran Province.
Energy

China discloses Iran oil imports amid US sanctions

IFP Media Wire -
Beijing has reported the first imports of Iranian crude oil in a year despite the ongoing sanctions by the United States, according to data released by China’s customs organization on Thursday.
Energy

Iranian min.: Tehran, Moscow to increase trade volume to $10bn

IFP Editorial Staff -
Iran’s Minister of Economic and Financial Affairs Ehsan Khandouzi has said the Islamic Republic and Russia are poised to increase their annual trade volume to 10 billion dollars.
Energy

Shamkhani: Iran’s oil sales, revenues at irreversible point

IFP Editorial Staff -
The secretary of Iran’s Supreme National Security Council says the country has mastered methods of selling its crude under sanctions.
Urban

Tehran mayor, Thai envoy discuss cooperation on urban services

IFP Editorial Staff -
Mayor of Tehran Alireza Zakani has held talks with Thailand’s ambassador to Iran Worawoot Pongprapapant on cooperation between the two countries on urban services.
Energy

Raisi Moscow visit to forge world’s largest gas reserve holders’ strategic bond

IFP Editorial Staff -
According to IRNA, Russia and Iran, as the world’s first- and second-largest holders of natural gas reserves, are keen to forge a strategic bond and develop their economic relations during the landmark visit of the Iranian president to Moscow.
Energy

Iran among world’s top 14 power plant constructors

IFP Editorial Staff -
Iran is one of the top 14 constructors of power plants in the world, said a Ministry of Energy official on Wednesday.
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