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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

Iran Producing $80 Billion Worth of Agricultural Products

IFP Editorial Staff -
Iranian Minister of Agriculture Mahmoud Hojjati says the value of the country’s farm products has reached $80 billion, unveiling plans for the promotion of processing industries in the country.
IFP Exclusive

Afghan Woman Runs Largest Hospital Clothing Workshop in Iran

IFP Editorial Staff -
Zeinab Shaban, a thirty-four-year-old Afghan woman who is living in Iran, has launched a successful business and manufactures hospital clothing to help Afghan and Iranian staff.
IFP Exclusive

Iran Making Economic Progress despite US Sanctions: Official

IFP Editorial Staff -
Iranian President's Chief of Staff Mahmoud Vaezi says the US economic war has failed to hinder the Islamic Republic’s economic growth.
Media Wire

FATF Ultimatum to Iran Politically-Motivated: FM Zarif

IFP Media Wire -
Iranian Foreign Minister Mohammad Javad Zarif deplored a recent decision by the Financial Action Task Force (FATF), a global anti-money-laundering watchdog, to increase pressures on the Islamic Republic, describing it as a “politically-motivated” move.
IFP Exclusive

Iran Exports Rise by 22 Percent Despite Sanctions: VP

IFP Editorial Staff -
Iran’s First Vice President Es’haq Jahangiri has lauded the exporters for contributing to the country’s economic progress, saying the country’s exports have grown by 22 percent despite the US sanctions.
IFP Exclusive

$123m Worth of Machine-Made Rugs Exported from Kashan

IFP Editorial Staff -
The Iranian city of Kashan in Isfahan province has managed to export $123 million worth of machine-made rugs during the past year.
IFP Exclusive

Iran’s Power Export to Iraq Hits Record High: Energy Minister

IFP Editorial Staff -
Iran’s energy minister says the country’s electricity export to the neighbouring countries especially Iraq has reached a record-high level.
Media Wire

FATF Extends Suspension of Anti-Iran Measures for Last Time

IFP Media Wire -
The Paris-based Financial Action Task Force (FATF) has given Iran a final deadline of February 2020 to tighten its rules against money laundering in compliance with the global watchdog’s financial standards.
IFP Exclusive

Iran Unveils Homegrown Ultrasonic Trainer Jet

IFP Editorial Staff -
Iran has unveiled a domestically-developed ultrasonic training aircraft in a ceremony attended by Defence Minister Brigadier General Amir Hatami.
IFP Exclusive

Rouhani Blames Saudi, Israel for Trump’s Exit from Iran Deal

IFP Editorial Staff -
Iranian President Hassan Rouhani has regretted that his US counterpart Donald Trump withdrew the country from the 2015 nuclear deal with Tehran, under the influence of Saudi Arabia, Israel, and warmongers inside his cabinet.
IFP Exclusive

Iran’s Roads Minister in Turkmenistan for High-Level Talks

IFP Editorial Staff -
Iran’ Minister of Roads, Urban Development Mohammad Eslami has headed for Ashgabat at the head of a high-ranking delegation.
IFP Exclusive

Flight Captained by Two Women for First Time in Iran

IFP Editorial Staff -
For the first time in Iran, two women pilots have captained a flight, which took over 160 passengers from Tehran to Mashhad and brought almost the same number of people back to Tehran.
IFP Exclusive

Over 3.3 Iranian Pilgrims Leave Iran to Attend March of Arba’een

IFP Editorial Staff -
An Iranian official says around 3.3 million pilgrims have so far left the country to take part in the Arba’een march which is held every year on the fortieth day after Ashura on which Imam Hussein (AS) and his companions were martyred 14 centuries ago.
IFP Exclusive

Iran Localizes Development of Advanced Packaging Machines

IFP Editorial Staff -
An Iranian knowledge-based company has succeeded in designing and localising the world's most advanced packaging technology, using the expertise of domestic experts.
IFP Exclusive

Iran Beats France, Italy with 9% Increase in Steel Production

IFP Editorial Staff -
Iran’s Industry Minister Reza Rahmani says the Islamic Republic has been able to outpace countries such as France and Italy to rank 10th in the world in steel production.
IFP Exclusive

Iran Denies Saudis Responded to Its Oil Tanker’s Distress Call

IFP Editorial Staff -
The Islamic Republic of Iran’s Ports and Maritime Organisation says no maritime entity in the region responded to a request for assistance from Iranian oil tanker after it was hit by two missiles Friday.
IFP Exclusive

Iran Prefers Using National Currency in Trade with Neighbours: Minister

IFP Editorial Staff -
Iran’s Minister of Industry, Mine and Trade says the government's policy is to use national currency in business with friendly and neighbouring countries.
IFP Exclusive

New Gas Field Discovered in Southern Iran

IFP Editorial Staff -
Iran has discovered a new gas field, called Eram, in the southern part of Fars province.
IFP Exclusive

Iran Planning to Use Nanotechnology in Petroleum Industry

IFP Editorial Staff -
Iran’s Vice Presidency for Science and Technology has signed a Memorandum of Understanding with the Ministry of Petroleum for the purpose of using nanotechnology-based products and services in the country’s petroleum industry in order to meet the needs of the industry.
IFP Exclusive

‘Iranian Oil Tanker Struck in Red Sea to Arrive Home within Days’

IFP Editorial Staff -
Iran says that its oil tanker hit by two missiles on Friday morning in the Red Sea near the Saudi port city of Jeddah is on the way back home and would arrive in Iran within 9 or 10 days.
IFP Exclusive

Iranian Scientists Invent Smart Uniform for Soldiers, Climbers

IFP Editorial Staff -
A team of Iranian researchers has designed and manufactured smart uniforms for soldiers and professional mountain climbers which can monitor their vital signs and detect radioactive and landmines with their sensors.
IFP Exclusive

Iran Vows to Retaliate Evil Acts in International Waters

IFP Editorial Staff -
Iran’s top security official has slammed as “piracy” the recent attack on an Iranian oil tanker in the Red Sea, saying evil acts in international waters will not go unanswered.
IFP Exclusive

Iran Investigating Attack on Its Oil Tanker: Spokesman

IFP Editorial Staff -
Iran’s Government Spokesman Ali Rabiei says Tehran is carefully looking into the recent tanker accident in the Red Sea without any haste.
IFP Exclusive

Iran Calls Attack on Its Oil Tanker ‘Dangerous Adventure’

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi has described an attack on the Iranian oil tanker SABITI in the Red Sea as “a dangerous adventure”, warning that all the responsibilities fall on those behind it.
IFP Exclusive

Explosions Hit Iranian Oil Tanker near Saudi Arabia

IFP Editorial Staff -
An Iranian oil tanker operated by the National Iranian Tanker Company has been hit by two missile attacks near Saudi Arabia.
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