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.

Transportation

Iranian min. says Tehran determined to give neighbors access to open seas

IFP Editorial Staff -
Iran’s minister of roads and urban development says Tehran has provided special facilities to give neighbors access to open seas.
Energy

Minister: Iran must enjoy its share of Hirmand River water

IFP Editorial Staff -
Iran’s minister of energy has said the country must enjoy its right to the water of Hirmand River on the border with Afghanistan.
Economy

Iranian, Afghan officials stress on expansion of trade ties

IFP Editorial Staff -
Iran and its eastern neighbor Afghanistan say trade relations between the two countries have to expand.
Transportation

Former president Rouhani denies claiming credit for inauguration of airport in Kurdistan

IFP Editorial Staff -
Former Iranian president Hassan Rouhani has denied a claim by Minister of Roads Mehrdad Bazrpash that he had claimed credit for the inauguration of an airport in the northwestern city of Saqez during his tenure.
Transportation

Transport corridor protocol linking China to Europe via Iran sealed in historic deal

IFP Editorial Staff -
The 12th Minister of Transport meeting of the Economic Cooperation Organization (ECO) convened in Tashkent, Uzbekistan, culminating in the historic signing of the transport corridor protocol connecting China to Europe via Uzbekistan, Turkmenistan, Iran, and Turkey.
Transportation

Tehran mayor refutes accusations China transportation deal will ‘undermine’ domestic production

IFP Editorial Staff -
The mayor of the Iranian capital has rejected criticisms that his recent visit to China meant to strike a deal with Beijing to help overhaul Tehran’s transportation system is a ‘stab in the back’ of indigenous production and technology.
Transportation

Iran, Russia invest $38bn on North-South Corridor 

Mahdi Arman -
Iran and Russia have so far invested 38 billion dollars to boost shipping lines for the North-South transport corridor which links Asia to Europe. 
Nuclear

Official: Iran kick-starts construction of Karoun nuclear power plant

IFP Editorial Staff -
Iran has started to build the Karoun nuclear power plant in the southwestern province of Khuzestan, the head of the Atomic Energy Organization of Iran (AEOI) says.
Finance

Iran rejects US media reports over unblocked assets in Qatar

IFP Media Wire -
Nour News, which is affiliated to Iran's Supreme National Security Council, has rejected a US media report that Tehran had been barred from accessing its $6 billion funds recently unfrozen and transferred to Qatari banks.
Europe

Putin says Iran discussing gas supplies with Russia

IFP Media Wire -
Tehran is discussing the possibility of Russian gas supplies with Moscow, Russian President Vladimir Putin has said at the plenary session of the Russian Energy Week.
Economy

Iranian Chamber of Commerce ready to set up joint chamber with Saudi Arabia 

IFP Editorial Staff -
The head of Iran’s Chamber of Commerce tells the Iranian consulate general in Jeddah that Tehran is ready to participate in the infrastructure projects of Saudi Arabia such as ports, railways and roads.
Transportation

Bombing threat forces Iranian airliner to land in Hamburg, Germany

IFP Editorial Staff -
The CEO of Iran's national flagship Iran Air says an unknown person sent an email to the German police, claiming that a bomb had been planted on a flight heading to Hambrug from Tehran.
Economy

Official: Iran’s non-oil exports hit 54.6 billion dollars

IFP Editorial Staff -
The head of the Customs Organization of Iran says the country’s non-oil exports hit 54.6 billion dollars in the first half of the Persian year of 1402, starting on March 21, 2023.
Finance

Iranian speaker: BRICS’ equivalent of SWIFT can replace US-owned money transfer system 

Mahdi Arman -
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf says BRICS has its own money transfer system which can replace US-owned SWIFT.  
Energy

Iran inaugurates power plant for industries in Isfahan’s Mobarakeh

IFP Editorial Staff -
Iranian President Ebrahim Raisi inaugurated a combined cycle power plant earlier on Friday in Isfahan’s Mobarakeh Steel Company as part of a larger plan to help industries generate the power they need and remove obstacles for production.
Economy

Iran, Pakistan agree to streamline border operations at Mirjaveh crossing

IFP Editorial Staff -
Iran and Pakistan have struck a deal to facilitate road transportation and border operations to ensure timely clearance of goods in order to increase the daily traffic movements through the shared Mirjaveh-Taftan border crossing at least four-fold.
Finance

Iran starts using newly-unblocked assets in Qatar

IFP Media Wire -
Tehran and Doha have agreed a mechanism that allows Iran to tap into funds recently unfrozen and deposited into bank accounts in Qatar as part of an agreement with the United States.
Finance

Iranian expert calls for resolving FATF-related concerns

IFP Editorial Staff -
An Iranian foreign policy expert says before pursuing India-Europe trade routes, Iran should resolve the issue of sanctions and addressing the FATF (Financial Action Task Force) concerns.
Transportation

Iran Resumes flights to Azerbaijan and Armenia following peace agreement

IFP Editorial Staff -
The spokesperson for Iran's Civil Aviation Organization confirmed that flights between Iran and the Republic of Azerbaijan as well as Armenia have recommenced.
Energy

Persian Gulf Star Oil Company’s refining capacity rises to 455,000 barrels

IFP Editorial Staff -
Iran’s Persian Gulf Star Oil Company (PGSOC) in the southern Iranian port city of Bandar Abbas has increased its refining capacity from 36 thousand barrels at inauguration over six years ago to 455 thousand barrels, the company’s director said on Wednesday.
Energy

Saudi envoy calls for boosting petrochemical ties with Iran

IFP Editorial Staff -
The newly-appointed Saudi ambassador to Iran says the kingdom eyes expansion of petrochemical cooperation with Iran, according to the Iranian Oil Ministry.
Finance

Qatar confirms $6 bln in unblocked Iranian assets transferred to Doha

IFP Media Wire -
Qatar has confirmed that unfrozen Iranian funds worth $6 billion have been transferred to bank accounts in Doha, a source briefed on details of the matter told Reuters on Monday.
Energy

Iran stands firm on Arash gas field share in Persian Gulf

IFP Editorial Staff -
Iran’s oil minister, Mohammad Javad Owji reaffirmed Tehran’s commitment to its share in the Arash gas field in the Persian Gulf, vowing not to exceed the agreed-upon production levels.
Economy

Iranian VP urges G77+China members to join hands, tackle challenges through technology

Golrokh Askarieh -
Iranian Vice President for Science, Technology and Knowledge-based Economy Rouhollah Dehghani, who is in the Cuban capital Havana to take part in the G77+China Summit, called on the nations of the global south for further cooperation to move beyond selling raw materials and resources by shifting towards digital economy.
Energy

Tehran says capable of retaliating in kind against US over stealing Iranian oil cargo

IFP Editorial Staff -
Iran’s defense minister says the country is capable of acting in kind in response to the United States’ stealing of its crude oil.
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