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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.

Economy

Iran: Fuel distribution returns to normal

IFP Editorial Staff -
  The spokesperson for the National Iranian Oil Products Distribution Company has said refueling has returned to normal at all gas stations across Iran following days of disruption due to a cyberattack attack.
IFP Exclusive

Minister: Iran Oil products’ exports to resume in 2 weeks

IFP Editorial Staff -
Iran’s Oil Minister Javad Ouji has said oil products exports from the Islamic Republic will resume within the next couple of weeks.
Economy

Iran announces huge rise in exports from Chabahar Port

IFP Editorial Staff -
Iran’s Customs Office says the country’s exports from the southern port city of Chabahar increased nearly 100% since March 21, 2021 compared with the same period in 2019.
Finance

Iran seeks resumption of oil sales to India

IFP Media Wire -
Iran’s ambassador to India says Tehran expects New Delhi to resume oil purchases from Iran. He added Iran’s Foreign Minister Hossein Amir Abdollahian plans to visit India later this month.
IFP Exclusive

Pomegranate harvest from Abarkooh gardens in Yazd

IFP Editorial Staff -
Pomegranate is a garden product that is very compatible with the saline soil and desert climate of Yazd and each year more than one hundred thousand tons of pomegranates are harvested from gardens in this central province.
IFP Exclusive

Iran Gas Stations Back on Line after System Disruption

IFP Editorial Staff -
All gas stations across Iran have re-entered service after their operation was disrupted nationwide following what was described has a “hacking attack.”
Transportation

Iran’s 77th fleet returns home, ending 77-day journey

IFP Media Wire -
The 77th fleet of the Iranian Navy docked on Wednesday at southern port of Bandar Abbas after conducting a 77-day expedition at high seas.
Local

Iran president: Tuesday cyberattack aimed to disrupt lives

IFP Editorial Staff -
Iran’s President Ebrahim Raesi says Tuesday’s cyberattack that caused an outage at the country’s gas stations was aimed at disrupting people’s lives.
IFP Exclusive

Iran, Turkmenistan agree to expand trade relations

IFP Editorial Staff -
Iranian Minister of Roads and Urban Development Rostam Ghassemi says Iran and Turkmenistan have agreed to improve relations in the fields of transport, energy and trade.
IFP Exclusive

Iran: Cyber attack to blame for closure of gas stations

IFP Editorial Staff -
Iran’s National center of Cyberspace has confirmed that the gas stations across the country were shut down due to a cyber attack.
IFP Exclusive

Gas stations disrupted across Iran

IFP Editorial Staff -
Gas stations across Iran have been hit by disruptions to their distribution computer systems making them unable to sell subsidized gasoline.
Media Wire

Iran to develop oilfields near border with Iraq

IFP Media Wire -
The National Iranian Oil Company (NIOC) will focus on developing oilfields near the Iraqi border. Tehran needs $11 billion to develop four oilfields which will add some 1 million barrels per day to the country’s total crude output.
Economy

Iran, Turkmenistan agree to boost bilateral trade to highest level

IFP Editorial Staff -
The Islamic Republic of Iran and neighboring Turkmenistan have agreed to increase the volume of their bilateral trade as much as possible.
Agriculture

Saffron Harvest Season Begins in Iran’s Golestan

IFP Editorial Staff -
Saffron plantation has gained popularity in parts of the the northern Iranian province of Golestan.
Industry

Afghanistan says willing to buy oil from Iran

IFP Media Wire -
The chairman of Afghanistan's Chamber of Commerce and Investment (ACCI), Tawakal Ahmadyar, announced the country is ready to purchase Iran’s oil.
IFP Exclusive

Iranian MP calls for reciprocal action against S Korea over frozen assets

IFP Editorial Staff -
A high-ranking Iranian MP says the Islamic Republic must take reciprocal action against South Korea’s move to freeze Iranian assets.
Agriculture

Beekeepers’ Union: Export of Iran Honey Halted

IFP Editorial Staff -
Iran’s National Union of Beekeepers says the decision by the Ministry of Agriculture Jihad, in the previous administration, to remove regulatory standards for production of honey led to a halt in the exports of the Iranian product.
Finance

‘Baku’s Road Toll on Iranian Truckers Against Karabakh Truce Deal’

IFP Editorial Staff -
Iran’s ambassador to Armenia says the toll imposed by the Azerbaijan Republic on Iranian trucks, travelling through Nagorno Karabakh, goes against the three-sided truce agreement among Moscow, Yerevan and Baku that ended last year’s conflict in the region.
IFP Exclusive

Analyst: Negotiations a Must to End Sanctions

IFP Editorial Staff -
An Iranian international affairs analyst has called for a return to the talks for the revival of the nuclear deal, saying “whether we get our desired result or not, we should know that sanctions will not be removed without negotiations.”
IFP Exclusive

Iranian president says exports must increase

IFP Editorial Staff -
Iranian President Ebrahim Raeisi has underlined the need to boost exports to neighboring countries.
Economy

South Pars CEO: investments in gas field close to $80bn.

IFP Editorial Staff -
The CEO of South Pars Gas Complex Company says investments made in South Pars are close to $80 billion. Hadi Hashemzadeh Farhang said all the investments, done amid US sanctions, have been turned into assets for the National Iranian Gas Company and the necessary resources have been provided for the proper maintenance of these facilities.
IFP Exclusive

Kazak envoy: Iran SCO membership beneficial to body

IFP Editorial Staff -
Kazakhstan’s ambassador to Tehran has described Iran as a powerful economy, saying the Islamic Republic’s membership in the Shanghai Cooperation Organization will be helpful to body’s members and to their trade exchanges and cooperation.
Agriculture

Pomegranate harvest starts in Middle East’s only reservoir of sour pomegranate

IFP Editorial Staff -
The harvest of wild pomegranate in Miankaleh Wildlife Sanctuary in northern Iran has started on October 12 and will continue for two weeks.
IFP Exclusive

Iran announces pilot activity of national cryptocurrency

IFP Editorial Staff -
The governor of Iran’s Central Bank has announced the pilot activity of the national cryptocurrency in the near future.
IFP Exclusive

Iran MPS Urge Govt. Planning to Best Benefit from SCO Membership

IFP Editorial Staff -
A group of 160 Iranian lawmakers, in a letter, have called for government planning and active economic diplomacy to make the most out of the Islamic Republic’s membership in the Shanghai Cooperation Organization.
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