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.

IFP Exclusive

Iran to Build Houses for Low-Income Families

IFP Editorial Staff -
Iranian Vice President says the government is to build houses for low-income families, including ten thousand residential units for the people of Khorasan Razavi province.
IFP Exclusive

Iran Building 11 Rubber Dams

IFP Editorial Staff -
Iran’s Minister of Energy Reza Ardakanian says 11 rubber dams are under construction across the country with the purpose of protecting the environment, particularly in the northern provinces.
IFP Exclusive

INSTEX of No Use If Oil Revenues Not Secured: Iran

IFP Editorial Staff -
Governor of Iran's central bank says as long as the Europeans do not buy Iran’s oil and Tehran does not receive the oil revenues, the European financial mechanism known as INSTEX will be of no use.
IFP Exclusive

Researchers Remove Sulfur from Petrol to Decrease Air Pollution

IFP Editorial Staff -
Iranian researchers at the University of Isfahan have conducted a study on removing sulfur from petroleum compounds, as a major step towards better automotive performance.
IFP Exclusive

Iran, India Hold Joint Economic Commission Meeting

IFP Editorial Staff -
The Islamic Republic of Iran and the Republic of India held the 19th meeting of their Joint Commission of Economic Cooperation in Tehran on Sunday, December 22.
Media Wire

Malaysia Welcomes Iran President’s ‘Islamic Cryptocurrency’ Proposal

IFP Media Wire -
Malaysian Prime Minister Mahathir Mohamad has said that he agrees with Iran’s suggestion on using cryptocurrency as an alternative to the US dollar.
IFP Exclusive

‘US Sanctions to Hurt Even More If Iran Fails to Adopt FATF’

IFP Editorial Staff -
The Iranian government has once again called on the country’s Expediency Council to ratify the bills on Iran’s accession to the Financial Action Task Force, arguing that the US sanctions will hurt the country even more if the country fails to adhere to the standards set by the global anti-money laundering body.
IFP Exclusive

Iranian Biological Fertiliser Saves Cocoa Farms in Africa

IFP Editorial Staff -
An Iran-made biological fertiliser has been used to save cocoa tree crops in Ivory Coast from a deadly disease.
IFP Exclusive

Esteghlal Coach Stramaccioni Finally Gets Paid at Iran’s Rome Embassy

IFP Editorial Staff -
The Italian head coach of Iran’s Esteghlal Tehran Football Club, Andrea Stramaccioni, has finally received part of his overdue salary payments after the representative of an Iranian bank gave him a check at Iran’s Embassy in Rome.
IFP Exclusive

Iran Builds Ultra-Cold Tanks to Store Refined Oil

IFP Editorial Staff -
A group of Iranian researchers have manufactured ultra-cold tanks used to store refined oil and its derivatives after purification.
IFP Exclusive

Nano-Indicators Developed to Determine Freshness of Food Products

IFP Editorial Staff -
Iranian researchers have managed to design and manufacture heat-sensitive nano-fibres as a new indicator of food freshness.
Media Wire

Pills Placed in Sweets Aimed at Tarnishing Food Industry’s Image: Iran

IFP Media Wire -
Iran has described as an act of “sabotage” drugs intentionally inserted in various Iranian confectionery products, saying its food industry was targeted in a bid to spread “terror.”
IFP Exclusive

Iran Says Ready for Partnership in Five-State Transit Corridor

IFP Editorial Staff -
Iran’s Minister of Industry, Mine and Trade Reza Rahmani has expressed the country’s resolve to carry out a joint project on a transportation corridor with Kazakhstan, Uzbekistan, Turkmenistan and Oman.
IFP Exclusive

Uzbekistan Hosts Exclusive Exhibition of Iranian Products

IFP Editorial Staff -
An exclusive exhibition of achievements of the Islamic Republic of Iran has opened in the capital of Uzbekistan, Tashkent, on Wednesday.
Business

Top 10 Banks & NBFCs for Personal Loan in India

IFP Media Wire -
Each one of us faces a shortage of funds at some point in life. Whether it is due to some personal emergency or any lifestyle purchase, it is always recommended to manage your finances carefully.
IFP Exclusive

Uzbek Companies Invited to Meet Iranian Business Delegation in Tashkent

IFP Editorial Staff -
A delegation of Iranian knowledge-based companies and business officials will be in Tashkent on Thursday, December 12, 2019. Hereby, all Uzbek companies and businesspeople working in the following fields are invited to come to International Hotel Tashkent at 10 am (local time) to have B2B meetings with their Iranian counterparts.
Media Wire

Iran President Submits Budget Bill to Parliament

IFP Media Wire -
Iranian President Hassan Rouhani on Sunday submitted his administration’s proposed national budget bill for the next year to the parliament, saying the budget bill is based upon resistance and countering the sanctions.
IFP Exclusive

Long-Lasting Engine Oil Made with Nanotechnology in Iran

IFP Editorial Staff -
An Iranian knowledge-based company has used nanotechnology to produce a durable car engine lubricant that stays in good condition for the record time of 17,000 hours.
IFP Exclusive

Iran, Oman Move to Facilitate Financial Transactions

IFP Editorial Staff -
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati and Oman’s Minister of Commerce and Industry have weighed a plan to facilitate financial transactions between the two Muslim neighbours.
IFP Exclusive

Iran Joins Club of Ramjet Engine Manufacturers

IFP Editorial Staff -
Iran has joined the club of countries that can produce ramjet engine, a sophisticated technology in the aerospace industry, thanks to the efforts of a knowledge-based company.
IFP Exclusive

Iran Develops New Type of RIP Bullet with Greater Lethality

IFP Editorial Staff -
Defence Ministry of the Islamic Republic of Iran has manufactured a new and technically advanced version of the Radically Invasive Projectile (RIP) bullet, which fractures into small pieces upon impact and causes devastation in the target in different directions.
IFP Exclusive

Iran’s Share of Iraqi Imports Reaches 25 Percent

IFP Editorial Staff -
One-fourth of the total imports into Iraq come from Iran, an Iranian official has announced.
IFP Exclusive

Iran, Tajikistan Agree to Boost Mutual Cooperation

IFP Editorial Staff -
The 13th meeting of the Joint Commission on Economic Cooperation between the Islamic Republic of Iran and the Republic of Tajikistan came to an end in Tehran with agreements on expansion of bilateral cooperation.
IFP Exclusive

Kyrgyzstan Eyes Oil Imports from Iran

IFP Editorial Staff -
Minister of Transport and Roads of the Kyrgyz Republic has voiced his country’s willingness to import oil from Iran and export foodstuffs to the Islamic Republic.
IFP Exclusive

Iranian Experts Build Homegrown Subway Propulsion System

IFP Editorial Staff -
A group of Iranian knowledge-based companies have worked together to design and build the propulsion system of the subway cars.
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