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.

IFP Exclusive

Swiss Companies Willing to Make Investment in Iran Despite US Bans: Envoy

IFP Editorial Staff -
The Ambassador of Switzerland to Tehran says several Swiss companies are interested in making investments in Iran even before the US sanctions are lifted.
IFP Exclusive

Iran, South Korea Reach Deal on Transfer of Iranian Assets

IFP Editorial Staff -
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati and the South Korean ambassador to Tehran have reached a deal on how to transfer and use part of the Iranian assets in South Korean banks.
IFP Exclusive

Iran to Launch Direct Shipping Routes to South Africa, Latin America

IFP Editorial Staff -
An Iranian official says the country will launch a direct shipping route to South Africa and then on to Latin America.
IFP Exclusive

Iran’s Economy Thriving despite Sanctions: Vice-President

IFP Editorial Staff -
Iran’s first vice president says the country’s economy is up and running, and the production and procurement of commodities are well underway thanks to efforts by importers and exporters.
IFP Exclusive

Iran, Qatar Discuss Closer Transport Cooperation in Tehran

IFP Editorial Staff -
Iranian Minister of Roads and Transportation Mohammad Eslami has sat down with Qatar’s Minister of Transport and Communications Jassim Saif Ahmed Al Sulaiti in Tehran.
IFP Exclusive

Iran President Calls for Stricter Border Controls to Tackle New COVID-19 Strain

IFP Editorial Staff -
The Iranian president has called for tighter measures on the country’s border entry points to stem the spread of coronavirus, especially the new strains of the virus.
IFP Exclusive

Iran’s Trade with Neighbouring Countries to Rise Two-Fold: VP

Emad Askarieh -
The Iranian first vice president says the country’s trade exchanges with neighbouring countries is set to increase by 100 percent in the coming years.
IFP Exclusive

Iran Opens 142,000 Projects Creating 263,000 Jobs for Nomads, Villagers

IFP Editorial Staff -
Iranian President Hassan Rouhani inaugurated 142,000 employment plans for nomads and villagers with a price tag of 17 trillion tomans.
IFP Exclusive

Iran Inaugurates over 950 Hectares of Greenhouses in One Day

IFP Editorial Staff -
Iran has inaugurated more than 950 hectares of greenhouses in one day, equal to an eighth of the total land dedicated to greenhouses in the country so far.
IFP Exclusive

Iran’s Non-Oil Exports Rising: Minister

IFP Editorial Staff -
The Iranian minister of industry, mines and trade says the country’s non-petroleum exports are increasing compared to several months ago.
IFP Exclusive

Iran Planning to Replace POS Terminals with Smartphone Payment System

IFP Editorial Staff -
The Central Bank of Iran (CBI) will soon unveil a project whereby customers will use their mobile phones for shopping at stores instead of making payments via POS machines.
IFP Exclusive

Iran Begins Construction Work for Major Petrochemical Facility

IFP Editorial Staff -
Ground was broken on Saturday for the construction of a new petrochemical complex in the western Iranian province of Kermanshah with a total budget of $550 million.
IFP Exclusive

Enemy Failed to Halt Iran’s Economic Progress: VP

IFP Editorial Staff -
An Iranian vice president says the enemies were seeking to put the brakes on the nation’s economic progress, but to no avail.
IFP Exclusive

Iran Puts into Service Five Major Industrial Projects  

IFP Editorial Staff -
Iran's president has officially inaugurated five major projects of the Ministry of Industry, Mines and Trade.
IFP Exclusive

‘Iran Emerged Victorious in US Economic War with Bare Hands’

IFP Editorial Staff -
A senior Iranian official says documents pertaining to the United States’ economic war against Iran should be collected for the generation to come so as to prove how Iran won with bare hands.
IFP Exclusive

Iran’s Oil Exports Rising Despite Sanctions: Top Banker

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) says the country is much better off when it comes to the export of oil and oil products compared to the past.
IFP Exclusive

Iran Inaugurates 13 Major Water, Electricity Projects

IFP Editorial Staff -
Iranian President Hassan Rouhani has inaugurated 13 major national projects in the fields of water and electricity with an investment of over 4.7 trillion tomans.
IFP Exclusive

Iran’s Largest Chlorine Factory Comes on Line

IFP Editorial Staff -
Iran's First Vice-President Es'haq Jahangiri has inaugurated the country’s largest chlorination factory in southwestern Khuzestan province.
IFP Exclusive

Iran’s Oil, Natural Gas Industries Growing Considerably: Minsiter

IFP Editorial Staff -
Iran’s petroleum minister says the country's oil and natural gas industries have developed tremendously since the victory of the 1979 Islamic Revolution of Iran.
IFP Exclusive

Iran-Iraq Railway to Connect China to Mediterranean: VP

IFP Editorial Staff -
Iran’s First Vice-President Es’haq Jahangiri says the construction of the railway between Iran’s Shalamcheh and Iraq’s Basra will facilitate transit of cargos from China to the Mediterranean.
IFP Exclusive

Iran Inaugurates Three Agricultural Megaprojects

IFP Editorial Staff -
President of the Islamic Republic of Iran Hassan Rouhani has inaugurated three megaprojects carried out by the Agriculture Ministry.
IFP Exclusive

‘US Expected to Release Iran’s Frozen Assets to Be Used in Fight against COVID-19’

IFP Editorial Staff -
The Iranian government spokesman has urged the new US administration to release Iran’s frozen assets, so that Tehran can use them to fight the coronavirus pandemic and buy food and medicines for its citizens.
IFP Exclusive

Iran, Oman Discuss Promotion of Bilateral Banking, Trade Ties

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) has discussed the promotion of trade and banking cooperation with Oman during a visit to Muscat.
IFP Exclusive

Iranian, Azeri Officials Discuss Promotion of Economic Ties

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif and Shahin Mustafayev, the deputy prime minister of Azerbaijan Republic, have discussed promotion of bilateral economic relations in Baku.
IFP Exclusive

Iran Sees No Limit to Expansion of Cooperation with Azerbaijan: Zarif

IFP Editorial Staff -
Minister of Foreign Affairs of the Islamic Republic of Iran Mohammad Javad Zarif and his counterpart from the Republic of Azerbaijan have discussed promotion of bilateral relations in a meeting in Baku.
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