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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

International Water, Electricity Exhibitions Kick Off in Tehran

IFP Editorial Staff -
Iranian Minister of Energy Reza Ardakanian has inaugurated the 20th edition of Iran International Water and Waste Water Exhibition (WATEX 2021) and the 16th Iran International Electricity Exhibition (IEE 2021) in Tehran.
IFP Exclusive

Iran, Iraq Resolved to Meet $20 Billion Trade Target: Energy Minister

IFP Editorial Staff -
Iranian Energy Minister Reza Ardakanian has highlighted Tehran and Baghdad’s determination to raise the value of annual trade exchanges to $20 billion, pointing to the major role that the private sectors and a joint investment fund could play in working towards that goal.
IFP Exclusive

Iran‌ Says Won’t Remain Indifferent toward South Korea’s Seizure of Its Assets

IFP Editorial Staff -
Iranian Central Bank Governor Abdolnasser Hemmati has urged Seoul to adopt “independent” behaviour toward Iran’s financial resources in that country.
IFP Exclusive

Iran to Produce Electric Engines for Vehicles

IFP Editorial Staff -
The Science and Technology Department of the Iranian President’s Office and the Tehran Municipality have signed a memorandum of understanding (MoU) on advanced transportation and designing a platform to electrify vehicles.
IFP Exclusive

Iranian Company Develops Advanced Air Pollution Monitoring Devices

IFP Editorial Staff -
An Iranian knowledge-based company has manufactured advanced devices for flue gas analysis, emission and particulate matter measurement, and air purification.
IFP Exclusive

Iran to Hold Annual Electricity, Water Exhibitions in Coming Days

IFP Editorial Staff -
The 20th edition of Iran International Water and Waste Water Exhibition (WATEX 2021) and the 16th Iran International Electricity Exhibition (IEE 2021) will be held in Tehran within the next few days.
IFP Exclusive

President Rouhani Highlights Efforts to Facilitate Investment in Iran

IFP Editorial Staff -
Iranian President Hassan Rouhani has highlighted his administration’s strategy to facilitate investment activities to neutralize the US sanctions and achieve the resistance economy goals.
IFP Exclusive

Some $9.2 Billion in Iranian Funds Frozen at South Korean banks: Yonhap

IFP Editorial Staff -
An estimated 10 trillion won ($9.2 billion) in Iranian funds is currently frozen at South Korean banks under US sanctions.
IFP Exclusive

Iran’s Oil Revenues Must Be Invested in High-Tech Industries: Rouhani

IFP Editorial Staff -
The Iranian president has called for more investment in the country’s high-tech industries, including the nanotechnology sector.
IFP Exclusive

‘Iraq to Pay for Energy Imports from Iran in Euros to Mitigate US Bans’

IFP Editorial Staff -
The Iranian energy minister says Iran and Iraq have reached an agreement under which Baghdad will pay for Iran’s energy sales to Iraq in euros in a bid to mitigate the problems caused by the US sanctions.
IFP Exclusive

Iran’s Energy Minister in Iraq to Discuss Gas Flow Cut

IFP Editorial Staff -
Iranian Energy Minister Reza Ardakanian has discussed Tehran-Baghdad cooperation in separate meetings with senior Iraqi officials.
IFP Exclusive

Iran, Armenia Discuss Closer Business Ties

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif and his Armenian counterpart Ara Ayvazyan have discussed the latest developments in Armenia as well as bilateral and regional cooperation.
IFP Exclusive

Iran, India to Hold Virtual B2B Meetings to Boost Mutual Trade

IFP Editorial Staff -
Iranian and Indian high-tech companies are to hold virtual business-to-business (B2B) meetings in order to boost mutual cooperation in the fields of trade and technology.
IFP Exclusive

Tehran, Yerevan Discuss Natural Gas-Electricity Barter Deal

IFP Editorial Staff -
Iran and Armenia have discussed exports of natural gas as well as the extension of a natural gas-electricity barter agreement.
IFP Exclusive

Iran, Iraq Delineate Roadmap for Five-Year Cooperation: Minister

IFP Editorial Staff -
Iran’s Minister of Cooperatives, Labour and Social Welfare Mohammad Shariatmadari says Tehran and Baghdad have delineated a joint five-year cooperation road map.
IFP Exclusive

Rouhani Says Iran Can’t Trust American ‘Robbers’

IFP Editorial Staff -
President Hassan Rouhani says Iran cannot trust Americans when it comes to the transfer of money to purchase coronavirus vaccines as they are notorious for "stealing" Iran's funds.
IFP Exclusive

In Pictures: Christmas and New Year Shopping in Tehran

IFP Editorial Staff -
Shopping gains huge popularity among Iranian people from all religions and walks of life on Christmas and ahead of the new Christian Year.
IFP Exclusive

Iran Opens Major Petrochemical Projects amid Sanctions

IFP Editorial Staff -
Iran has inaugurated five major petrochemical projects as part of its routine weekly program to put into service national projects across the country.
IFP Exclusive

Iran Says Payment Problem for Buying COVID-19 Vaccine Resolved

IFP Editorial Staff -
The governor of the Central Bank of Iran says the problem of procuring the coronavirus vaccine has been solved.
IFP Exclusive

Iran, Azerbaijan Discuss Closer Cooperation in Energy Sector

IFP Editorial Staff -
Iran and the Azerbaijan Republic have agreed to forge closer cooperation in the energy sector.
IFP Exclusive

Iran, Russia Agree on Technical Cooperation in Oil Sector: Minister

IFP Editorial Staff -
Iran’s oil minister says the country has reached an agreement with Russia for technical cooperation in the oil and gas sector.
IFP Exclusive

Too Soon to Talk about Iran’s Return to Oil Market: Minister

IFP Editorial Staff -
Iranian Petroleum Minister Bijan Namdar Zangeneh, who is visiting Moscow to discuss the latest developments in the global oil market, says it is still too early to talk about Tehran’s return to the market.
IFP Exclusive

Iran Suspends Flights to UK for 2 Weeks after Emergence of New Strain of Coronavirus

IFP Editorial Staff -
Iran has suspended flights to the United Kingdom for two weeks following reports that Britain has identified a new strain of COVID-19 which spreads more quickly.
Finance

Iran Says INSTEX Must Prove Its Efficiency

IFP Media Wire -
Iran says the Instrument in Support of Trade Exchanges (INSTEX), the financial mechanism proposed by Europeans to enable Iran to get round US sanctions, has failed to prove itself effective in the past two years.
IFP Exclusive

Iran, Pakistan to Open Third Border Crossing Soon: Minister

IFP Editorial Staff -
Iranian Minister of Roads and Urban Development Mohammad Eslami has unveiled plans for the opening of the third official border crossing with Pakistan in the near future.
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