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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.

Foreign Policy

Iran: US sanctions damaging global law and multilateralism

IFP Media Wire -
Iranian Minister of Oil announced unilateral Washington sanctions against Tehran will damage global law and multilateralism, targeting livelihood of people. Javad Owji made the remark while addressing the 23rd Ministerial Meeting of the Gas Exporting Countries Forum (GECF) which was held virtually on Tuesday.
Economy

Iran renewable energy confab, expo to start next week

IFP Media Wire -
The 6th edition of Iran's International Renewable Energy Conference and Exhibition (Iran REC 2021) is scheduled to be held on November 20-21 in Tehran.
Government

Raeisi: Iran oil sales program moving ahead as planned

IFP Editorial Staff -
Iranian President Seyyed Ebrahim Raeisi says Tehran is pressing ahead with its oil sales program successfully.
Transportation

Tehran, Baku discuss ways of resolving road transportation problems

IFP Editorial Staff -
The joint commission of Iran and the republic of Azerbaijan has held its first meeting in Baku with the aim of facilitating road transportation.
Economy

Iran exports to Afghanistan hits $1bn

IFP Editorial Staff -
Afghanistan’s Chamber of Commerce says the country’s imports from Iran have reached one billion dollars over the last 8 months.
Economy

‘South Korean has not freed up Iran’s frozen assets’

IFP Editorial Staff -
The chairman of the Iran-South Korea Joint Chamber of Commerce says Seoul has not released frozen Iranian assets despite reports alleging it has done so.
Economy

Biden: Supplies of petroleum sufficient to reduce purchase from Iran

IFP Media Wire -
US President Joe Biden says there are sufficient supplies of petroleum to allow a “significant reduction” in the amount purchased from Iran.
IFP Exclusive

Armenian PM: Problem of Iranian trucks traveling to Yerevan solved

IFP Editorial Staff -
Armenian Prime Minister Niko Pashinyan has said Iranian trucks can use the Tatev-Aghvani alternative road to travel to the Republic of Azerbaijan without paying customs duties from now on. Pashinyan was speaking at a meeting of the Cabinet of Ministers on Thursday.
Nature and Wildlife

Remains of 16th-century ship found off Caspian Sea

IFP Editorial Staff -
The remnants of a ship dating back to the 16th century have been discovered off the coast of the Caspian Sea in the north of Iran.
Industry

Data: Iran’s monthly oil export revenues at $1.3bn

IFP Media Wire -
Iran has been earning an average of around $1.3 billion per month in oil revenues despite sanctions imposed by the United States, a report shows.
Economy

Iran president, economists review ways to resolve economic problems

IFP Editorial Staff -
Iranian President Seyyed Ebrahim Raeisi in a meeting with a group of economists reviewed possible ways and options to try to resolve the economic woes of the nation.
Economy

“Iran’s 7-month export revenues equal total of last year’

IFP Editorial Staff -
The vice chairman of the Iranian Parliament’s Planning and Budget Commission has said Iran’s foreign exchange revenues for the last 7 months have been equal to the total of the last year.
Media Wire

Iran, world’s 3rd largest gas producer despite US sanctions

IFP Media Wire -
Iran has become the world’s third-largest producer of natural gas after the United States and Russia despite the harsh US sanctions. Iran has grown steadily over the past two decades in natural gas production, according to the US Energy Information Administration.
Transportation

Iran, Pakistan to facilitate traffic from China to Europe

IFP Media Wire -
Tehran and Islamabad have agreed to facilitate truck traffic from China to Europe, Iran’s Minister of Roads and Urban Development Rostam Qassemi says.
Transportation

Russia resumes flights with several countries, including Iran

IFP Editorial Staff -
Russia has resumed regular air traffic with Iran and several other countries, which had earlier been suspended due to the coronavirus pandemic.
Economy

Iran, Iraq’s Kurdistan discuss closer trade ties

IFP Editorial Staff -
Iran says it stands ready to make investments in Iraq, calling for closer trade and economic relations between the two countries.
Media Wire

Official: Iran’s goods exported to 142 countries

IFP Media Wire -
An Iranian customs official says the country has exported goods to 142 nations, having had imports from 110 countries in the last seven months. The transactions were carried out while the Islamic Republic is under the toughest ever US sanctions.
Economy

Iran to resume gas and oil exports to Afghanistan

IFP Editorial Staff -
Iran’s gas and oil exports to Afghanistan will resume from next week. That’s according to the director of the Iran-Afghanistan Joint Chamber.
Economy

Iranian Intel. Ministry dismantles company for ripping off citizens

IFP Editorial Staff -
Iran’s Intelligence Ministry says more than 150 leaders of a pyramid company calling itself Unique Finance have been arrested in 19 provinces across the country for financial wrongdoings.
Finance

Iran, Uzbekistan to forge closer trade, technological ties

IFP Editorial Staff -
Iran and Uzbekistan are to hold their second meeting on trade and technology in a bid to boost mutual interactions in those areas. Vice President for Science and Technology Sorena Sattari is to travel to Uzbekistan on November 22 heading a trade-technology delegation in a bid to lay the groundwork for closer technological cooperation between the two sides.
Economy

Iran, Pakistan to boost mutual trade to $5bn

IFP Editorial Staff -
Iran’s minister of industry, mines and trade says plans are in the offing to increase Tehran-Islamabad trade to $5 billion in two years’ time.
IFP Exclusive

Iran-Turkmenistan land trade booming

IFP Editorial Staff -
An Iranian official says the export of goods by truck from the city of Sarakhs bordering Turkmenistan to the neighboring country has tripled compared to the previous week.
Energy

Russia rejects report of Iran limitation on Caspian resources

IFP Media Wire -
The Russian Embassy in Tehran has refuted the recent reports over Iran's restriction for extracting gas resources in the Caspian Sea.
Economy

Iran’s first electric car hits streets

IFP Editorial Staff -
Iranian Vice President for Scientific Affairs Sorena Sattari on Friday announced the country will soon unveil more technological and scientific achievements in the near future among them electric cars. Sattari added that people will see that the cars are beautiful.
Finance

China Iran oil purchase “skyrockets”

IFP Media Wire -
Iranian oil sales to China have reportedly  soared in recent months. This as the administration of US President Joe Biden says they intend to talk to Beijing over the issue.
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