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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

Iranian Minister to Visit Russia for Talks on Oil Market

IFP Editorial Staff -
Iran’s Minister of Petroleum Bijan Namdar Zangeneh will travel to Moscow on Sunday, December 20, for talks on the latest developments in the international oil market.
IFP Exclusive

Iran, Pakistan to Open New Border Crossing on Dec. 19

IFP Editorial Staff -
The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran has unveiled plans for the opening of the second border crossing with Pakistan on December 19.
IFP Exclusive

Iran Wants to Use its Assets with Turkish Banks to Buy Goods

IFP Editorial Staff -
Tehran has called on Ankara to find a way for Iran to tap into its assets with Turkish banks to purchase the commodities it needs directly from other countries through Turkish banks.
IFP Exclusive

US Economic War Deprives Iran of $50 Billion in Assets: Spokesman

IFP Editorial Staff -
Spokesperson for the Iranian government has highlighted the country's success in handling the situation and protecting the economy from collapse under the pressure of sanctions although the economic war waged by the US has prevented Tehran’s access to $50 billion in assets.
IFP Exclusive

Iran Signs Arms Export Contracts with Several Countries: DM

IFP Editorial Staff -
The Islamic Republic of Iran has signed contracts with a number of countries to export weapons, Defence Minister Brigadier General Amir Hatami says.
IFP Exclusive

Ratification of FATF Bills Prerequisite for Iran’s Access to Financial Resources: Spokesman

IFP Editorial Staff -
Spokesman for the Iranian Administration Ali Rabiei says ratification of the remaining bills regarding the Financial Action Task Force requirements will take the country out of the FATF blacklist and help it have access to financial resources and avoid futile international challenges.
IFP Exclusive

Iran Almost Self-Sufficient in Seed Production: Agriculture Minister

IFP Editorial Staff -
Minister of Agriculture Kazem Khavazi says Iran has achieved self-sufficiency in producing nearly all varieties of seeds.
IFP Exclusive

Iran Needs No Permission to Return to Oil Market: Minister

IFP Editorial Staff -
Iran Needs No Permission to Return to Oil Market: Minister
IFP Exclusive

Iran’s Oil Sale to Hit 2.9 Million bpd If Sanctions Lifted: President

IFP Editorial Staff -
President Hassan Rouhani says Tehran will be selling up to 2.9 million barrels per day of oil in the next Iranian year if the sanctions are lifted, noting that the minimum daily crude sales will stand at 2.3 million barrels even if the sanctions remain in place.
IFP Exclusive

Iran’s Leader Permits Expediency Council to Procced with Work on FATF Bills

IFP Editorial Staff -
Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved the administration’s proposal for the extension of a process that authorizes the Expediency Council to review the remaining bills prepared by the government to take Iran out of the Financial Action Task Force (FATF) blacklist.
IFP Exclusive

Iran-Afghanistan Railway to Boost Mutual Trade: Minister

IFP Editorial Staff -
The Iranian minister of roads and transportation says the newly-inaugurated railroad linking the Iranian city of Khaf to Herat in Afghanistan will boost the two countries’ economic status both in the region and in the world.
IFP Exclusive

Iran’s Economic Growth Rate Becomes Positive Despite US Sanctions

IFP Editorial Staff -
Governor of the Central Bank of Iran Abdolnaser Hemmati says the economic growth rate in Iran has become positive, both with and without oil revenues.
IFP Exclusive

Iranian Starts Producing Superalloys Vital for Various Industries

IFP Editorial Staff -
An Iranian company has developed the technology to produce superalloys, which are badly needed in industries such as power stations and refineries.
IFP Exclusive

Expansion of Economic Ties with Neighbours a Priority: Iran VP

IFP Editorial Staff -
A senior Iranian official says the sky is the limit for Tehran when it comes to the enhancement of economic relations with other nations, especially neighbouring countries.
IFP Exclusive

Iran Starts Mass Producing Gate Valves in Defiance of Sanctions

IFP Editorial Staff -
Iran has put into service the production line for gate valves used in crude oil transfer pipelines despite the sanctions imposed on the country.
IFP Exclusive

Iran, Afghanistan Open Major Cross-Border Railway

IFP Editorial Staff -
Iran and Afghanistan have inaugurated a railway project connecting the Iranian city of Khaf to Herat in the other country.
IFP Exclusive

Khaf-Herat Railway to Link Afghanistan to Europe through Iran

IFP Editorial Staff -
The project to connect the Iranian city of Khaf to Herat in Afghanistan via a rail link is part of Tehran’s efforts to expand its rail network and connect it to those of its neighbouring countries.
IFP Exclusive

Iran to Sell 2.3 Barrels per Day of Oil Next Year: President

IFP Editorial Staff -
Iran’s president says the world should know that the country will sell its oil next year.
IFP Exclusive

US Blocking Iran’s Purchase of COVID-19 Vaccine: Top Banker

IFP Editorial Staff -
Abdolnasser Hemmati, the Governor of the Central Bank of Iran (CBI), says Iran has tried to purchase COVID-19 vaccine from other countries, but the US sanctions have prevented financial transactions for the sale.
IFP Exclusive

Iran, Pakistan to Expand Trade Ties through Virtual B2B Meetings

IFP Editorial Staff -
Knowledge-based, innovative, and high-tech companies of Iran and Pakistan will have the chance to hold direct online negotiations and explore avenues for developing business relations between the two sides.
IFP Exclusive

Iran Ready to Export Surplus of Its Homegrown Ventilators: Official

IFP Editorial Staff -
All beds used on the intensive care units (ICUs) of hospitals across Iran have been equipped with medical ventilators, an official has announced, expressing readiness to export the excess devices at the discretion of the Health Ministry.
IFP Coverage

What’s Initial Exchange Offering? How Is It Different from Initial Coin Offering?

IFP Media Wire -
In the later part of 2017, China banned Initial Coin Offering (ICOs). This coerced crypto developers to find an alternative idea to raise funds for their crypto projects. Creators of new crypto projects tried to switch to the plan of Initial Exchange Offering (IEO).
IFP Exclusive

Iran Inaugurates 25 Electricity Projects in Single Day

IFP Editorial Staff -
Iran’s energy minister has inaugurated more than two dozen electricity projects worth nearly IRR 60 trillion in several Iranian provinces in a single day.
IFP Exclusive

Iran, Turkey Can Turn into Role Model for Friendly Ties in Region: Vaezi

IFP Editorial Staff -
Mahmoud Vaezi, the Chief of Staff of the Iranian president's office, has hailed Iran-Turkey relations as two friends and neighbours, calling for further development of economic cooperation between the two sides.
IFP Exclusive

Iran’s First Consignment of Exports Arrives in Afghanistan via Rail

IFP Editorial Staff -
Iran’s first consignment of exports has arrived in Afghanistan via the Herat-Khaf railway, and was warmly welcomed by Afghans.
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