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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

Coronavirus in Iran: Small Businesses to Be Compensated for Losses

IFP Editorial Staff -
Iran’s first vice president says owners of small businesses who have been affected by the coronavirus outbreak should rest assured that their losses will be compensated.
IFP Exclusive

Iran Left Out of World Bank Meeting on COVID-19

IFP Editorial Staff -
Iran’s representative in the International Monetary Fund (IMF) says the World Bank has excluded the Islamic Republic from a gathering on the battle with coronavirus.
IFP Exclusive

Iran Working to Address Problems of Its Truck Drivers Stranded Abroad

IFP Editorial Staff -
Spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Seyyed Abbas Mousavi says the Ministry has launched efforts to settle the problems that Iranian truck drivers may be facing in the other countries, as in Europe.
IFP Exclusive

Iran’s Leader Names Persian New Year as Year of “Jump in Production”

IFP Editorial Staff -
Iran’s Islamic Revolution Leader has named the Persian New Year 1398 as the year of “A Jump in Production.”
IFP Exclusive

Iran to Make up for Impact of Coronavirus on People’s Lives: VP

IFP Editorial Staff -
Iran’s First Vice President Es’haq Jahangiri says the government has made decisions to compensate for the economic impacts of the coronavirus outbreak on the lives of the poor.
IFP Exclusive

Iran’s President Announces New Year’s Budget Law for Implementation

IFP Editorial Staff -
Iran’s President has sent the "National Budget Law for the New Fiscal Year" to the Plan and Budget Organisation of the Islamic Republic to be implemented.
IFP Exclusive

Iran Dismisses Concerns about Shortage of Medical Supplies, Foodstuff

IFP Editorial Staff -
Iranian President Hassan Rouhani has assured people that all needs for medical and health products and foodstuff would be fully satisfied by the administration amid the outbreak of coronavirus, saying the cabinet has made major decisions to support the businesses and individuals affected by the disease.
IFP Exclusive

Iran Gov’t Vows People’s Essential Needs Produced, Supplied with No Delay

IFP Editorial Staff -
Iran’s deputy industry minister says the production, supply, and distribution of the people's urgent needs, especially those related to the COVID-19 disease will not be interrupted with the beginning of efforts to clear the streets.
IFP Exclusive

Iran Govt. Spends Rls. 16,000 Billion to Fight Coronavirus Outbreak

IFP Editorial Staff -
The Iranian government has, so far, allotted Rls. 16,000 billion (over $100 million) in funding to combat the coronavirus outbreak in the country.
IFP Exclusive

Iran’s VP Orders Aid to Female Breadwinners Affected by Coronavirus

IFP Editorial Staff -
Iranian First Vice President Eshaq Jahangiri has issued an order to provide special support for the female-householder families and mitigate the harmful effects of the novel coronavirus outbreak on them.
Media Wire

Iran Air Says Resuming Flights to Europe

IFP Media Wire -
Iran’s main airline Homa, known internationally as IranAir, will resume flights to Europe after a four-day hiatus that came because of unspecified restrictions by European authorities.
IFP Exclusive

Oil Price Falls Most since 1991 War, Plunges to $31

IFP Editorial Staff -
Oil prices crashed on Monday by around 30% in what analysts are calling the start of a price war.
IFP Exclusive

Iran Air Says All Flights to Europe Suspended Until Further Notice

IFP Editorial Staff -
Iran’s flag-carrier airline Homa, also known as Iran Air, says all its flights to Europe has been suspended until further notice over restrictions imposed by European countries.
IFP Exclusive

50 Firms Keen to Join Swiss Channel for Trade with Iran: Bern

IFP Editorial Staff -
A Swiss senior official has said that the financial channel between Switzerland and Iran has had a flying start as 50 companies have expressed keenness to trade through the so-called humanitarian channel.
Energy

Iran Says OPEC’s Friday Meeting among Its ‘Worst Ever’

IFP Editorial Staff -
Iranian Petroleum Minister Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.
IFP Exclusive

Iran Discusses Trade with Turkey, Azerbaijan amid Corona Outbreak

IFP Editorial Staff -
Iran has conferred with the Azerbaijan Republic and Turkey on ways of promoting mutual trade cooperation amid the coronavirus outbreak.
IFP Exclusive

Iran Says Europe’s INSTEX of No Use to Date

IFP Editorial Staff -
Iran’s Ambassador to Russia Kazem Jalali says Europe's special financial mechanism, which was supposed to facilitate trade with Iran in the face of US sanctions, have been of no use since its launch.
IFP Exclusive

Iran Holds Meeting to Address Foreign Trade Woes Caused by COVID-19

IFP Editorial Staff -
The Ministry of Foreign Affairs of the Islamic Republic of Iran has held a meeting in Tehran to examine and resolve the problems in the course of trade exchange with the neighboring states.
IFP Exclusive

Iranian Firm to Produce 90 Tonnes of Disinfectants Each Day to Counter Coronavirus

IFP Editorial Staff -
The CEO of a major hygienic products company in Tehran says the company is ready to produce 90 tonnes of disinfectant gel and liquid daily to fight against coronavirus.
IFP Exclusive

Iran to Mass Produce Homegrown Coronavirus Testing Kits

IFP Editorial Staff -
Iran's Health Ministry spokesman says the country's defence ministry experts have developed coronavirus testing kits, which will be mass produced in coming days.
IFP Exclusive

Iran Says Flights to/from UAE Will Resume Soon

IFP Editorial Staff -
Spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Seyyed Abbas Mousavi says the Iranian airlines have received permission for the resumption of flights to the United Arab Emirates.
IFP Exclusive

Iran to Use Get E-Bikes for Its Mail Service

IFP Editorial Staff -
The postal service of Iran is going to utilize electric motorcycles as part of plans to curb air pollution.
IFP Exclusive

Iran Government Issues Official Statement on FATF Blacklisting

IFP Editorial Staff -
The Islamic Republic of Iran’s administration has issued a statement about the Financial Action Task Force’s recent decision to put the country on its blacklist.
IFP Exclusive

Measures Taken to Foil FATF Blacklisting of Iran: Official

IFP Editorial Staff -
Iran President’s Chief of Staff Mahmoud Vaezi says the government has taken measures that are expected to reduce the impact of the FATF blacklisting of the Islamic Republic on the country.
IFP Exclusive

Iran Says Fully Ready to Produce More Masks, Hygiene Equipment

IFP Editorial Staff -
Iran’s industry minister says his ministry is fully prepared to manufacture or import the hygiene equipment needed to control coronavirus in cooperation with the industrial and commercial units.
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