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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.

IFP Exclusive

Baku Welcomes Iran’s Participation in Karabakh Reconstruction, Aliyev Tells Zarif

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif held a meeting with President of the Republic of Azerbaijan Ilham Aliyev in Baku on Monday.
IFP Exclusive

Iran’s Petrochemical Industry Reaching Self-Sufficiency

IFP Editorial Staff -
The Iranian petrochemical industry will reach self-sufficiency with the help of a local knowledge-based company.
IFP Exclusive

Iran’s Energy Achievements Prove Failure of US Sanctions: VP

IFP Editorial Staff -
Iran’s First Vice-President Es’haq Jahangiri says the country’s achievements in the fields of oil, gas, and petrochemicals indicate the failure of cruel sanctions against the Islamic Republic.
IFP Exclusive

Tehran, Yerevan Set to Boost Industrial Cooperation

IFP Editorial Staff -
Iran and Armenia have discussed promotion of their mutual cooperation in the industry sector.
IFP Exclusive

Iran, Armenia Discuss Closer Trade, Economic Ties

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) has underlined the importance of enhancing cooperation with Armenia.
IFP Exclusive

Iran’s Air Industry Made Considerable Progress despite Sanctions: DM

IFP Editorial Staff -
The Iranian defence minister says the country’s air industry is a potent example of national resistance against sanctions.
IFP Exclusive

Iran Opens Auto Spare Parts Innovation Centre

IFP Editorial Staff -
Iran has opened an auto spare parts industry innovation centre at a domestic knowledge-based company.
IFP Exclusive

Iran’s Production of Household Items Rises Considerably despite Sanctions: Minister

IFP Editorial Staff -
Domestic production of household appliances in Iran has registered a considerable rise during the years the country has been under sanctions.
IFP Exclusive

Iran’s Oil Exports Hit Record High amid Sanctions: Minister

IFP Editorial Staff -
Iran’s oil minister says the country’s oil exports reached a record high in the history of the nation’s oil industry during the time Iran was under sanctions.
IFP Exclusive

Iran Allots $10 Billion to Support Local Producers

IFP Editorial Staff -
The Central Bank of Iran (CBI) has set aside $10 billion to support domestic production, according to a senior Iranian official.
IFP Exclusive

Iran to Cease Burning Associated Petroleum Gas by 2023: Minister

IFP Editorial Staff -
Iran’s Minister of Petroleum Bijan Namdar Zangeneh has unveiled plans to stop the waste of flare gas and recycle nearly all associated petroleum gas in the country by March 2023.
IFP Exclusive

Bidboland Gas Refinery Symbol of Iran’s Resistance to Economic War

IFP Editorial Staff -
The deputy chief of staff of the Iranian President's Office for communications and information affairs has lauded the inauguration of Bidboland megaproject, a major refinery collecting associated petroleum gas, as the symbol of the Islamic Republic’s struggle with sanctions and economic war.
IFP Exclusive

Iran, Turkey Clinch Railway Cooperation Deals

IFP Editorial Staff -
Iran and Turkey have signed three joint documents on expansion of their railway cooperation.
IFP Exclusive

$158m in Foreign Investment Went into Iran’s Free Zones in 9 Months

IFP Editorial Staff -
Iranian free trade zones absorbed some $158 million in foreign investment in the nine months to December 2020 depsite the US sanctions.
IFP Exclusive

Iran’s President Inaugurates Major Natural Gas Refinery

IFP Editorial Staff -
The Iranian president has inaugurated a major natural gas refinery in the south of the country, which is one of the largest projects in the Middle East.
IFP Exclusive

Baku Embraces Ira’s Offer to Form Working Group of Kura-Aras Basin States

IFP Editorial Staff -
The Azerbaijan Republic has welcomed Iran’s proposal to form a joint working group of Kura-Aras basin countries.
IFP Exclusive

South Korea Seizing Iranian People’s Food, Drug Money: Zarif

IFP Editorial Staff -
In comments on Wednesday, Mohammad Javad Zarif once again criticized Seoul for seizing Iran’s assets "upon US orders". “’ We told South Korean officials that...
IFP Exclusive

Iran, Azerbaijan Agree to Boost Railway Cooperation

IFP Editorial Staff -
Iran and the Azerbaijan Republic have agreed to connect the Baku-Astara highway to the one linking Ardabil and Rasht.
IFP Exclusive

South Korea Should Pay Penalty for Freezing Iran’s Assets: Top Banker

IFP Editorial Staff -
Governor of the Central Bank of Iran Abdolnasser Hemmati says the South Korean banks that have blocked Iran’s funds should pay the damage suffered by Tehran during the past two years.
IFP Exclusive

Tehran, Baku Reach Deal on Reconstruction of Liberated Azeri Towns

IFP Editorial Staff -
Iran's economy minister and the Azerbaijan Republic's first deputy prime minister have signed memoranda of understanding on mutual cooperation in various areas.
IFP Exclusive

India Sends First Shipment of Cargo Handling Equipment to Chabahar

IFP Editorial Staff -
Iran’s southeastern port city of Chabahar has received the first shipment of strategic port terminal handling equipment from an Indian contractor involved in the development of the port.
IFP Exclusive

INSTEX Failed Because Europeans Weren’t Brave Enough: Iran

IFP Editorial Staff -
The Central Bank of Iran (CBI) says the European financial mechanism known as the Instrument in Support of Trade Exchanges (INSTEX) has failed to fulfill its objectives.
IFP Exclusive

Iran Inaugurates 60 Projects in Its Free Trade, Industrial Zones

IFP Editorial Staff -
Iranian President Hassan Rouhani has officially inaugurated 60 projects in the country’s free trade-industrial and special economic zones.
IFP Exclusive

Iran, Pakistan Discuss Closer Trade Cooperation

Emad Askarieh -
Iran and Pakistan have agreed to forge closer trade relations and boost mutual cooperation with the conclusion of new agreements.
IFP Exclusive

Tehran Furious at Seoul’s Offer of Selling Iran Ambulances in Return for Frozen Assets  

IFP Editorial Staff -
Tehran has been angered by Seoul’s offer to sell ambulances to Iran in exchange for billions of Iranian assets frozen in South Korea.
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