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.
The US Navy has sent its P8-Poseidon patrol aircraft from the VP-26 Tridents as well as four warships to the Caribbean region for possible encounter with a group of Iranian super-tankers moving fuel to Venezuela, a report says.
The Iranian president has instructed the caretaker of the Ministry of Industry, Mine and Trade to adopt the necessary measures to manage the market and support businesses amid COVID-19 pandemic.
The Iranian president says all efforts should be channeled into improving people’s economic situation and living standards as well as boosting hopes of a better future.
Iran’s Deputy Foreign Minister for Economic Diplomacy says following negotiations between Tehran and Ashgabat, the Iran-Turkmenistan border will probably reopen in the next 10 to 20 days.
President of Iran Hassan Rouhani has decided to dismiss the minister of industry from his post and assign a caretaker to the ministry to handle the confusing situation in the domestic car market and ensure a steady supply of basic commodities amid the cruel sanctions against Iran.
The Iranian Parliament passed a law on Sunday according to which the plans to take foreign currency out of the country may be subject to forfeiture and will result in financial penalties.
Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says this year’s target of a surge in domestic production would be totally achievable when the country has managed to launch a homegrown satellite into space.
Senior presidential officials from the Islamic Republic of Iran and the Republic of Azerbaijan have expressed satisfaction with the growing economic cooperation between Tehran and Baku and have weighed plans for the expansion of bilateral relations and interaction in various fields.
IFP has taken a look at the front pages of Iranian newspapers on Tuesday, May 5, 2020, and picked headlines from 12 of them. IFP has simply translated the headlines and does not vouch for their accuracy.
Iran-made electric motorcycles will get into the market very soon in an effort to reduce air pollution and cut the gas subsidies currently paid by the government.
The idea of knocking off zeros from countries’ national currencies goes back decades, with some governments removing noughts from banknotes several times to harness inflation.
Chief of Staff of the Iranian president has held negotiations with Turkey and Azerbaijan Republic to remove obstacles in the way of resuming trade ties in the face of the spread of the coronavirus.
An Iranian knowledge-based company has designed and manufactured an industrial machine producing N95 face masks, a respiratory device designed to achieve close facial fit and efficient filtration which is widely used for protection against the novel coronavirus.
Iranian President Hassan Rouhani has praised the Central Bank of Iran (CBI) for its efforts to meet the domestic demands and provide the necessary funding amid the severe international conditions caused by the coronavirus.
Iran says its knowledge-based companies will attend the 3rd China International Import Exhibition that is going to be held from November 5 to 10 in Shanghai.
The Iranian president says border exchanges and transportation of commodities with neighbouring countries should be resumed while observing health protocols.
