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

Iran to increase nuclear electricity generation capacity to 8MG

IFP Editorial Staff -
The head of the Atomic Energy Organization of Iran (AEOI) says the nation’s nuclear electricity production capacity should reach 8 megawatts in the short term.
IFP Exclusive

Iran’s exports to Iraq rises by 31%

IFP Editorial Staff -
An Iranian customs spokesman has said Iran's exports to Iraq in the first five months of this year increased by 31 percent compared to the same period last year.
IFP Exclusive

Iranians mine $1 billion Bitcoins annually

IFP Editorial Staff -
Iran’s Parliament says Iranians mine one billion dollars in cryptocurrencies per annum.
Economy

Makran Coasts Can Turn Iran into Extra-Regional Power

IFP Editorial Staff -
Iran has long sought to use the potential of its strategic southern coastal region of Mokran along the Sea of Oman to expand its oil and petrochemicals sector, diversify its outlets for key crude petroleum exports, which have been concentrated in the Persian Gulf region, and increase its strategic clout.
Economy

Raisi says will not allow excessive import of home appliances

IFP Editorial Staff -
Iranian President Seyyed Ebrahim Raisi says his administration prioritizes domestic production and will not allow excessive imports.
Economy

Iran workers call for a ban on foreign-made home appliances

IFP Editorial Staff -
Tens of thousands of Iranians working at home appliance manufacturing companies have signed a petition, calling for a ban on imports of foreign products.
IFP Exclusive

Persian carpet making to go on display in Portugal

IFP Editorial Staff -
An exhibition of Persian carpet making will be held in the Portuguese town of Mira de Aire this month.
IFP Exclusive

Raisi calls for leap in Iran’s non-oil exports

IFP Editorial Staff -
Iranian President Seyyed Ebrahim Raisi has called for a leap in the country’s non-oil exports.
IFP Exclusive

Iran Records a Trade Surplus of $1.2bn Last Month, China largest client

IFP Editorial Staff -
Iran’s customs administration says the country recorded a trade surplus of $1.2bn in the previous Persian calendar month.
Agriculture

Grapes Harvest and Raisin Production in Kordestan Vineyards

IFP Editorial Staff -
With the beginning of the harvest season in the month of Shahrivar (Aug 23 to Sep 22), production of raisins, using the traditional “Boulav” method, also begins.
IFP Exclusive

Association Chief: Iran Power Outages Cost Steel Sector $6bn

IFP Editorial Staff -
The head of Iranian Steel Producers Association says power outages that hit the country during summer have cost the industry six billion dollars.
Selected

Iran MP Urges Govt. to Prevent Return of Samsung, LG

IFP Editorial Staff -
A member of the Iranian parliament’s presiding board has called on the government to prevent products of South Korean companies, which “betrayed us”, to easily return to the market.
IFP Exclusive

Parl. Committee Lodges Complaints against Ex-Pres. Rouhani

IFP Editorial Staff -
The deputy chair of the Iranian parliament’s Article 90 Committee says they have lodged three complaints with the judiciary, against former President Hassan Rouhani.
IFP Exclusive

Official: Iran-Afghan trade back to normal

IFP Editorial Staff -
Spokesman for Iran’s Customs Office says trade with Afghanistan has returned to normal.
Government

Iran’s Raisi appoints electoral rival as VP

IFP Editorial Staff -
Iran’s President Ebrahim Raeisi has appointed one of his rivals during last June presidential elections, as Vice-president for Economic Affairs.
Selected

Iran: No Kabul-bound plane hijacked

IFP Editorial Staff -
Iran’s Aviation Organization denies reports that an Afghan airline’s passenger plane that landed in Iran on Monday, had been hijacked after takeoff from Afghanistan.
IFP Exclusive

Delay in Release of Iranian Assets in Japan Not Justifiable: Raisi

IFP Editorial Staff -
Iranian President Ebrahim Raisi has called for the immediate release of Iran's frozen resources in Japan, noting that further delay in the release of the assets blocked in Japanese banks cannot be justified.
IFP Exclusive

Iran Makes PCR Covid Tests Obligatory for All Inbound Travelers

IFP Editorial Staff -
The Imam Khomeini International Airport, the main entry point for foreign flights in Iran, has made PCR tests for coronavirus obligatory for every traveller entering the country, even those who have been vaccinated.
Selected

All Iran-Afghanistan Border Crossings Open: Customs Administration

IFP Editorial Staff -
The Iranian Customs Administration says all of the country’s customs checkpoints on the border with Afghanistan are open and trade is ongoing with the neighbouring country.
IFP Exclusive

Hezbollah Warns Israel, US against Harassing Lebanon-Bound Iranian Fuel Ship

IFP Editorial Staff -
Lebanon’s Hezbollah Movement says a shipment of Iranian fuel oil for Lebanon which will set sail on Thursday is considered the Lebanese territory from the moment it starts its journey.
IFP Exclusive

Fire at Petrochemical Facility in Southern Iran ‘Fully Contained’

IFP Editorial Staff -
The blaze raging through a petrochemical complex on Kharg Island off the southern Iranian coast has been fully contained, with no one being hurt.
IFP Exclusive

Raisi: OPEC Should Promote Member States’ Rights, Interests

IFP Editorial Staff -
Iranian President Ebrahim Raisi has called on the Organization of the Petroleum Exporting Countries to focus on the interests of member countries and take up a greater role in the global oil market.
IFP Exclusive

‘US JCPOA Pullout Costs Iran 2bn Barrels in Oil Exports Worth $120bn’

IFP Editorial Staff -
Iran’s oil minister says the US withdrawal from the 2015 nuclear deal in May 2018 deprived his country from exports of around two billion barrel of oil, worth some 120 billion dollars.
IFP Exclusive

Tehran Rejects Bahrain Court Ruling against Iranian Banks

IFP Editorial Staff -
Iran's Foreign Ministry spokesman has slammed the Bahraini Supreme Criminal Court's ruling against the Central Bank of Iran and several other Iranian banks, categorically rejecting the false accusations levelled against them.
IFP Exclusive

Protest Rally Held in Downtown Tehran against Power Cuts

IFP Editorial Staff -
A number of shop owners at Aladdin and Charsou shopping malls in downtown Tehran have held a rally to protest power cuts at the renowned mobile markets.
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