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.

Asia

Pakistan says US sanctions ‘may not apply’ to gas pipeline project with Iran

IFP Media Wire -
Pakistan’s caretaker energy minister has stated Washington’s anti-Tehran sanctions, imposed over its nuclear program, may not apply to the Iran-Pakistan gas pipeline as Islamabad was going to start work on the project within its territory and connect to the neighboring country.
Economy

Iran says beats sanctions, economic growth exceeds 6 percent

IFP Editorial Staff -
The Iranian economic and financial affairs minister says the country experienced a growth rate of over 6 percent in economy during the past year.
Economy

Envoy: Taliban invest $35mn in Iran’s Chabahar

Mahdi Arman -
The Taliban administration in Afghanistan has invested 35 million dollars in Iran’s southeastern port city of Chabahar on commercial, residential and administrative projects, the Iranian special envoy to Kabul announced.
Economy

IMF revises up economic growth projection for Iran in 2023

IFP Media Wire -
The International Monetary Fund (IMF) has revised up its previous economic growth projection for Iran in 2023, attributing it to a higher-than-expected increase in Tehran’s oil output.
Foreign Policy

Russian economic delegation heading for Tehran: Iran ambassador

IFP Editorial Staff -
Iran’s ambassador to Moscow says a major Russian economic delegation is heading to Iran.
Security

Iran says Israel was behind recent gas pipeline explosion

IFP Media Wire -
A recent blast that hit gas pipelines in Iran has been perpetrated by the Zionist regime, Oil Minister Javad Owji told reporters on Wednesday.
Economy

Official says Iran in talks with several countries to set up joint free zones

IFP Media Wire -
Secretary of Iran’s Supreme Council of Free Trade-Industrial and Special Economic Zones Hojjatollah Abdolmaleki has said negotiations are underway between Tehran and 21 states to launch joint free zones.
Energy

VP warns Iran to take ‘reciprocal action’ if its ships are seized by US

IFP Media Wire -
Iran’s Vice President for Legal Affairs Mohammad Dehqan has stressed that the country will reciprocate if its ships are seized illegally, as the United States acknowledges the confiscation of Iranian oil.
Economy

Official says Iran’s trade with SCO states climbed 5.5%

IFP Media Wire -
Tehran’s international trade with the Shanghai Cooperation Organization (SCO) has increased to over $37 billion in the first 10 months of the current Iranian calendar year starting on March 21, 2023, an Iranian official has stated.
Economy

President Raisi says tourism industry can rid Iran of dependence on petrodollars

IFP Media Wire -
Iranian President Ebrahim Raisi has stressed the necessity to enhance the tourism industry to diversify the sources of national income and diminish the country’s reliance on oil.
Economy

IMF says Iran’s economy registered 5.4% growth last year

IFP Media Wire -
The International Monetary Fund (IMF) in its latest report put Iran’s economic growth in 2023 at 5.4 percent.
Energy

Iran’s oil exports increased 50% last year despite US sanctions: Report

IFP Media Wire -
A new report shows that Iran’s oil exports rose by half in 2023 despite sanctions imposed on Tehran by Washington.
Economy

Iran, Turkey pledge to enhance bilateral trade following president Raisi’s visit

IFP Media Wire -
Tehran and Ankara have jointly declared their commitment to augmenting bilateral trade while also pledging collaborative efforts to achieve peace in West Asia.
Economy

Official: Iran’s non-oil exports hit $36bn

Mahdi Arman -
Iran’s non-oil exports have reached $36bn over the past nine months.
Energy

Iran: Natural gas exports to Iraq underway as planned

IFP Editorial Staff -
Iran says exports of natural gas to neighboring Iraq continue as planned, denying reports of a halt in the process.
Finance

Official: Iran, Russia left SWIFT system

IFP Media Wire -
Tehran and Moscow have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has stated.
Energy

Global oil prices may double: Report

IFP Media Wire -
Global prices for crude oil will double if disruptions triggered by Yemen’s Houthis also affect the Strait of Hormuz, Daan Struyven, Goldman Sachs’ head of oil research, has told CNBC in an interview.
Energy

Iran launches 1st cryogenic loading arm, highlights petrochemical industry’s path to self-sufficiency

IFP Editorial Staff -
Deputy  Iranian Minister of Oil and CEO of Iran's National Petrochemical Industry Company, Morteza Shahmirzaei, marked a milestone on Monday at Asalouyeh Port, along the Persian Gulf, where Berth No. 17 Phase 2 witnessed the inauguration of Iran's first locally crafted cryogenic loading arm.
Security

Gas stations in Iran back online after cyberattack

IFP Editorial Staff -
Almost all gas stations in Iran are operational a day after about 70 percent of the pumps were hit in a cyberattack, the Iranian deputy oil minister said Tuesday.
Security

Iran oil minister: Gas stations hit in cyberattack

IFP Editorial Staff -
Iran’s Oil Minister confirmed that about two thirds of the gas stations across the country were disrupted after they were targeted in a cyberattack on Monday.
Energy

Official: Gas stations disrupted in Iran, technical glitch will be tackled soon

IFP Editorial Staff -
A technical error has knocked fuel rationing system in Iran off course, the head of the Gas Stations Union confirmed, adding offline fueling system at non-subsidiary prices has not been affected.
Agriculture

Sour tea harvest season in southern Iran

IFP Editorial Staff -
The harvest of sour tea started early November in the southern Iranian city of Karun and will continue until the end of December.
Local

Iranian trade firm embroiled in $3bn fraud case on tea imports, said to be the largest embezzlement case

Mahdi Arman -
Probes by the General Inspection Organization of Iran indicate that “a certain company” that had received billions of dollars to import tea and machinery, sold the forex on free market at a higher exchange rate, marking “the largest fraud” in the country.
Energy

Minister: Iran to increase oil production to 3.6mn barrels per day in months

IFP Editorial Staff -
Iran’s oil minister says the country is planning on increasing its crude production to 3.6 million barrels per day by the end of the current Iranian year, on March 20, 2024, and aims to hit the 4 million mark next year.
Economy

China says to boost global economy in cooperation with Iran

IFP Editorial Staff -
China’s ambassador to Iran says his country will contribute more heavily to the improvement of global economy through cooperation with Iran.
1...456...161Page 5 of 161

Latest news

© All Content by IFP News ( Iran Front Page ) is licensed under a Creative Commons Attribution 4.0 International License.

About Us

Popular Articles

Editor Picks