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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 President Gives Orders to Support Businesses, Regulate Auto Market

IFP Editorial Staff -
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.
IFP Exclusive

Efforts Should Be Made to Better People’s Living Standards: Rouhani

IFP Editorial Staff -
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.
IFP Exclusive

Iran Bans Import of Medical Items Obtainable at Home

IFP Editorial Staff -
The caretaker of Iran's Ministry of Industry, Mine and Trade has imposed a ban on the import of the medical supplies that are produced domestically.
IFP Exclusive

Iran to Resume Trade Ties with Turkmenistan, Uzbekistan

IFP Editorial Staff -
Iran’s minister of roads and urban development says the ministry is seeking to resume trade transactions with Turkmenistan and Uzbekistan.
IFP Exclusive

Iran-Turkmenistan Border to Reopen Soon: Deputy FM

IFP Editorial Staff -
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.
IFP Exclusive

Iran’s President Dismisses Industry Minister amid Chaos in Auto Market

IFP Editorial Staff -
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.
IFP Exclusive

Parliament Imposes Fines on Taking Currency Out of Iran

IFP Editorial Staff -
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.
IFP Exclusive

Tehran Stock Exchange Index Passes 1mn Points

IFP Editorial Staff -
The Tehran Stock Exchange (TSE) index has surpassed 1 million points for the first time in history.
IFP Exclusive

Surge in Production at Hand When Iran Can Launch Satellite: Leader

IFP Editorial Staff -
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.
IFP Exclusive

Tehran, Baku Move to Broaden Economic Ties

IFP Editorial Staff -
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 Exclusive

250 Major Energy Projects to Be Launched across Iran by Year-End

IFP Editorial Staff -
Iranian Energy Minister says 250 key water and electricity projects worth about $12 billion will get under way this year.
IFP Exclusive

Decision to Cut Four Zeros from Currency Grabs Headlines in Iran

Fatemeh Askarieh -
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.
IFP Exclusive

Iranian Electric Bikes to Break into Market

IFP Editorial Staff -
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.
IFP Exclusive

Iran Not 1st Country to Lop Zeros Off National Currency

IFP Editorial Staff -
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.
IFP Exclusive

Iran Discusses Resumption of Trade Ties with Turkey, Azerbaijan

IFP Editorial Staff -
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.
IFP Exclusive

Iranian Firm Develops N95 Mask Making Machine

IFP Editorial Staff -
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.
IFP Exclusive

Iran to Publicly Sell Shares of Four State-Owned Oil Refineries

IFP Editorial Staff -
Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon.
IFP Exclusive

Tehran Stock Exchange Index Hits Record High of 900,000 Points

IFP Editorial Staff -
The benchmark Tehran Stock Exchange (TSE) index managed to break above its all-time highs hitting over 900,000 points.
IFP Exclusive

Iran President Praises Central Bank’s Efforts to Meet Basic Demands

IFP Editorial Staff -
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.
IFP Exclusive

Iranian Knowledge-Based Firms to Attend China Int’l Import Expo

IFP Editorial Staff -
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.
IFP Exclusive

Iran Eyes Resumption of Border Exchanges with Neighbouring Countries

IFP Editorial Staff -
The Iranian president says border exchanges and transportation of commodities with neighbouring countries should be resumed while observing health protocols.
IFP Exclusive

Iran Issuing Directives for Reopening of Businesses, Public Gatherings

IFP Editorial Staff -
The Iranian president says directives for the reopening of businesses and public gatherings are to be discussed and approved at the upcoming meeting of the upcoming National Coronavirus Headquarters.
IFP Exclusive

Iran Allocates $10 Billion to Compensate Industry Losses During Corona Outbreak

IFP Editorial Staff -
Iran’s Minister of Industry, Mine and Trade says the government has allocated a great amount of money to help the industries which are damaged by the spread of the coronavirus.
IFP Exclusive

Minister Reports Big Rise in Daily Production of Masks in Iran

IFP Editorial Staff -
Iran has dramatically increased the capacity to produce face masks following the outbreak of the novel coronavirus, the minister of Industry, Mine and Trade said, noting that the daily output in the country stands at around 6 million masks.
IFP Exclusive

COVID-19 Punishes Those Who Sanctioned Iran’s Oil: First VP

IFP Editorial Staff -
Iran’s First Vice President says the coronavirus took severe revenge on the countries that sought to harm the Islamic Republic by imposing sanctions on the Iranian oil.
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