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 slams Wall Street Journal’s hostile article

IFP Editorial Staff -
Permanent Mission of the Islamic Republic of Iran to the United Nations has reacted to an article published by the Wall Street Journal which argues in favor of American military strikes against Iranian nuclear facilities.
Economy

Iran govt. berates MPs for “being irresponsible” toward national economy

IFP Editorial Staff -
An Iranian state-run newspaper has accused Parliament of not caring enough about the country’s economy.
Finance

Bagheri: South Korea obliged to release Iran’s assets

IFP Editorial Staff -
Iran's Deputy Foreign Minister Ali Bagheri Kani has stressed that regardless of the outcome of the talks between Tehran and P4+1 group in Vienna, the South Korean government is obliged to release blocked Iranian money
Energy

Iraq says ready to pay gas debts to Iran

IFP Editorial Staff -
Iraq's Ministry of Electricity has rejected media reports that Baghdad has settled accounts with Iran for gas imports.
IFP Exclusive

Iranian taxi apps down

IFP Editorial Staff -
Iranian Taxi apps Snapp and Tapsi are down due to unknown reason.
Economy

Raisi: Expanding Tehran-Yerevan economic cooperation will enhance regional security

IFP Editorial Staff -
Iranian President Ebrahim Raisi has stressed the importance of boosting trade and economic exchanges between the Islamic Republic and Armenia.
Economy

‘Tehran-Beijing partnership pact facilitated Iran SCO membership’

IFP Editorial Staff -
The head of the Iran-China Chamber of Commerce says the signing of the Tehran-Beijing cooperation document shows Iran has global trade partners.
Energy

Iran begins natural gas swap with Turkmenistan, Azerbaijan Republic

IFP Editorial Staff -
Iran’s Oil Ministry says the country has begun natural gas swap with Turkmenistan and the Azerbaijan Republic as part of a trilateral agreement recently signed between the three sides.
Economy

Figures show growth in Iran exports to Iraq via Mehran border

IFP Editorial Staff -
An Iranian official has announced the export of 207,000 tons of various agricultural products (summer crops) worth $63 million via the Mehran border crossing to Iraq.
Energy

Leakage contained at South Pars gas platform

IFP Editorial Staff -
A gas leakage in phase 16 of Iran’s South Pars field has caused the country’s gas production to fall by 15 million cubic meters per day.
Economy

Raisi: No plans to raise gasoline prices

IFP Editorial Staff -
Raisi: No plans to raise gasoline prices
Economy

Situation back to normal at Iran-Turkey border crossing

IFP Editorial Staff -
The spokesman for Iran’s Customs Organization says the situation has returned to normal at the Bazargan crossing on Iran’s border with Turkey.
Economy

Iran petrochemical exports expected to rise to $14bn by year end

IFP Editorial Staff -
Iran’s petrochemical exports are expected to hit nearly $14bnm by the end of the current calendar year on March 22, says an Iranian official.
Economy

Official: Iraqi debt to Iran stands at $5-7bn

IFP Editorial Staff -
An Iranian business official says that neighboring Iraq’s debt to Iran stands at between 5 to 7 billion dollars, and that there is no obstacle in Baghdad’s debt clearance process, despite certain claims to the contrary.
Transportation

Iran, Iraq launch Shalamcheh-Basrah railway project

IFP Editorial Staff -
Iran and Iraq have launched a railway construction project that will connect the town of Shalamcheh in the Iranian province of Khuzestan to the Iraqi city of Basra.
Economy

“40% rise in Iran’s non-oil exports this year”

IFP Editorial Staff -
The head of Iran’s Customs Organization says out of the total trade done in the first 9 months of this Persian year, 92.3 million tons worth $35.1 billion account for non-oil exports.
Economy

Iran MP: Fuel smuggled out in great volumes due to subsidies

IFP Editorial Staff -
An Iranian lawmaker says fuel is being smuggled out of the country in great volumes due to the subsidized prices inside Iran.
Economy

Iranian official denies claim Turkmenistan returned potatoes

IFP Editorial Staff -
Iran’s Agriculture Ministry denies a report that potato shipments from the Islamic Republic have been returned by Turkmenistan.
IFP Exclusive

Iran, Iraq to build Shalamcheh-Basra railroad

IFP Editorial Staff -
Iran’s minister of roads and urban development says the Islamic Republic has signed an agreement with Iraq to build a railroad linking Iran’s Shalamcheh to the Iraqi province of Basra.
IFP Exclusive

Moscow: Value of Iran-Russia trade grew 87% in 2021

IFP Editorial Staff -
Moscow’s ambassador to Tehran says the value of trade between Iran and Russia reached 3.6 billion dollars in 2021, up by 87 percent compared to last year, in spite of the COVID-19 pandemic.
IFP Exclusive

Iranian president: Ill-wishers bent on scuttling ties with neighbors

IFP Editorial Staff -
Iran’s President Ebrahim Raisi has urged vigilance as “ill-wishers” are bent on torpedoing ties between the Islamic Republic and its neighbors.
Transportation

Islamabad-Tehran-Istanbul cargo train enters Iran

IFP Editorial Staff -
A cargo train linking Pakistan to Iran and Turkey has entered Iranian soil from the eastern border, days after the freight train service was relaunched following a 10-year pause.
Transportation

Construction of Iran-Armenia transit route to be completed soon: MP

IFP Editorial Staff -
An Iranian legislator says the construction of a transit route that will directly connect Iran to neighboring Armenia is in a final stage and will be completed in the near future.
Transportation

Iran, Syria discuss closer cooperation in transportation

IFP Editorial Staff -
The Syrian transportation minister has discussed with a number of Iranian companies areas of closer cooperation in the domain of air and land transport.
Energy

Minister: Natural gas swap with Turkmenistan to start soon

IFP Editorial Staff -
The Iranian oil minister says the country’s natural gas swap with Turkmenistan, to help it export to the Azerbaijan Republic through Iran, will begin from the turn of the year.
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