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.

Energy

US grants Iraq waiver to import energy supplies from Iran

IFP Editorial Staff -
The US State Department has extended a sanctions waiver enabling Iraq to continue importing electricity and gas from Iran.
IFP Exclusive

Trade activity resumes at Iran-Afghanistan border crossing

IFP Editorial Staff -
An Iranian customs spokesman says after the normalization of the situation at the Malik border in Sistan and Baluchestan province, commercial activity has resumed at this crossing between Iran and Afghanistan.
IFP Exclusive

Iran allocates export guarantee funding for trade with Syria

IFP Editorial Staff -
The Trade Promotion Organization of Iran says 50 million dollars have been allocated to Iranian companies that seek to export their products to Syria.
Media Wire

Report: Iran delivers 2m barrels of condensate to Venezuela

IFP Media Wire -
Venezuela's state-run firm Petroleos de Venezuela (PDVSA) has received 2 million barrels of condensate from Iran, S&P Global Platts reports.
Industry

Iran carpet business no longer a main export earner, annual sales drop to $72mn

IFP Media Wire -
Iran has lost hundreds of millions in annual revenues from exports of hand-woven carpets as a major businessman blame the huge loss on current exchange regulations and US sanctions.
IFP Exclusive

Iran’s negotiating team in Vienna comprised of seasoned experts

IFP Editorial Staff -
The Iranian negotiating team led by Ali Bagheri Kani is in Vienna where talks are scheduled to be held on November 29, 2021 with the remaining signatories to the 2015 Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).
IFP Exclusive

Pakistani president: Unilateral sanctions threaten regional security

IFP Editorial Staff -
Pakistan’s President Aref Alavi has said unilateral sanctions have serious ramifications for peace and security in the region
IFP Exclusive

Iranian president back home after ECO summit

IFP Editorial Staff -
Iran’s President Seyyed Ebrahim Raisi says Tehran’s main achievement in the ECO summit is the expansion of trade ties with other countries.
IFP Exclusive

Iran, Azerbaijan and Turkmenistan sign gas swap deal

IFP Editorial Staff -
Iran, the Republic of Azerbaijan and Turkmenistan sign a trilateral gas swap deal.
IFP Exclusive

NIOC’s CEO: Iran oil output to reach pre-sanctions level

IFP Editorial Staff -
The CEO of the National Iranian Oil Company has said efforts are under way to restore Iran’s daily crude output to the pre-sanctions level, that is, 4 million barrels per day.
Economy

Envoy: Iran seeks normalizing trade ties with Europe

IFP Media Wire -
Iran's Ambassador to Germany Mahmoud Farazandeh says Tehran continues to normalize trade relations with European nations.
IFP Exclusive

Iran denies cyberattack on dams

IFP Editorial Staff -
Iran’s Energy Ministry has denied reports that the country’s water data handling system came under a cyberattack.
IFP Exclusive

Intl. court fines Bahrain for confiscation of Iranian banks assets

IFP Editorial Staff -
Iran says the International Court of Arbitration has found Bahrain guilty over confiscation of assets of two Iranian banks and ruled that Manama should pay more than 200 million euro in reparation to the Iranian financial institutions.
Economy

Raisi calls for an end to vast salaries of some government officials

IFP Editorial Staff -
Iranian President Ebrahim Raisi has called for end to what is known in Iran as “astronomical salaries” among some government officials.
Industry

Official: Iranian exports reduce fuel prices in Afghanistan

IFP Editorial Staff -
An Afghan official says a rise in fuel imports from Iran has reduced prices in Afghanistan.
Media Wire

Iran urges ECO to remove trade barriers among members

IFP Media Wire -
Iranian President Ebrahim Raisi has called on the Economic Cooperation Organization (ECO) to remove the obstacles to trade exchanges among its member states.
Economy

Iran police bust illegal crypto trade network

IFP Editorial Staff -
Iranian police have dismantled an organized network of Cryptocurrency traders for disruption of the economic system of the country.
Economy

Azeri deputy PM: Expanding ties with Iran on Baku’s agenda

IFP Editorial Staff -
Shahin Mostafayev, Deputy Prime Minister of the Republic of Azerbaijan has said expanding ties with Tehran in all areas is on Baku’s agenda.
Economy

Amir Abdollahian: Iranian companies ready to reconstruct Azerbaijan’s war-hit areas

IFP Editorial Staff -
Iranian Foreign Minister Hossein Amir Abdollahian  saysTehran is ready to help Azerbaijan reconstruct areas in Azeri territories affected by last year’s war between Azerbaijan and Armenia.
Economy

Iran-China trade at over $10bn in first 9 months of 2021

IFP Editorial Staff -
The volume of trade between Iran and China reached 10,425,000,000 dollars in the first nine months of 2021.
Transportation

Armenia building new route for Iranian vehicles

IFP Editorial Staff -
Armenia is building a new transit route for Iranian cargo and passenger vehicles after the Azerbaijan Republic imposed restrictions on the previous road.
Agriculture

Persimmon harvest in Ghasroddasht, Shiraz

IFP Editorial Staff -
Ghasroddasht is one of the oldest districts of Shiraz, the capital city of the southern Fars Province.
Transportation

Iran, Afghanistan discuss security cooperation

IFP Editorial Staff -
Iran and Afghanistan have exchanged views on the enhancement of mutual relations, including ways to boost security cooperation.
Parliament

Iran MPs demand trial of officials implicated in gas case

IFP Editorial Staff -
253 Iranian lawmakers have sent a letter to Iran’s Judiciary chief to investigate a corruption case in a deal for exporting gas from Iran to the United Arab Emirates.
Local

Iran’s Leader: Encouraging youth to leave country amounts to treason

IFP Editorial Staff -
Iran’s Leader Ayatollah Seyyed Ali Khamenei has urged Iranians against underestimating their abilities.
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