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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 Saves $7b Through Reliance on Domestic Firms

IFP Editorial Staff -
Chief of IRGC’s Khatam al-Anbiya Construction Headquarter Saeed Mohammad says in cooperation with domestic companies in recent years, Khatam al-Anbiya Construction Headquarter has saved $ 7 billion for the country.
IFP Exclusive

Foreign Ministry Condemns FATF’s Blacklisting of Iran

IFP Editorial Staff -
Foreign Ministry Spokesman Seyyed Abbas Mousavi has condemned the Financial Action Task Force’s blacklisting of the Islamic Republic saying that it is a politically-motivated action taken by international institutions.
IFP Exclusive

Iran President Unveils New Homegrown Cars

IFP Editorial Staff -
Iranian President Hassan Rouhani has unveiled four new cars developed by Iranian auto manufacturers on the sidelines of a cabinet session on Wednesday.
IFP Exclusive

Iran Offers Tax Exemptions for Non-Oil Exports

IFP Editorial Staff -
The Iranian businesses exporting non-oil products are exempted from paying the tax provided that the hard currency earned from the sale of goods is repatriated, Minister of Economy Farhad Dejpasand has announced.
IFP Coverage

How to Eliminate Escalating Debt and Financial Stress

IFP Media Wire -
You might be living paycheck-to-paycheck or you're hounded down by creditors on a daily basis. If you're tired of constantly living among a sea of escalating debt and financial stress, it's time for a complete change.
IFP Exclusive

Iran to Export Cancer Drugs to Thailand, Armenia

IFP Editorial Staff -
A knowledge-based Iranian company has produced an anti-cancer nano-medicine which is being exported to a number of foreign countries.
IFP Exclusive

Which One’s Better: Spanish or Iranian Saffron?

IFP Editorial Staff -
Almost 95 percent of the world's saffron is produced in Iran, while many people think the saffron is produced in Spain. But which one has a higher quality: Iran’s saffron, Spain’s saffron or those of other countries?
IFP Exclusive

Iranian Entrepreneurs Render US Sanctions Futile: Araqchi

IFP Editorial Staff -
Iran’s Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi has described the US sanctions against Iran as “useless and futile,” arguing that “relying upon our domestic capabilities our entrepreneurs will provide us with every product we need.”
IFP Exclusive

Official Warns Companies Leaving Iran over US Sanctions

IFP Editorial Staff -
Iran’s Foreign Ministry Spokesman Seyyed Abbas Mousavi has warned companies that “give in” to the US pressures and leave the Iranian market, saying their return won’t be easy at all.
Business

What Happens When I Miss Monthly Credit Card Payment

IFP Media Wire -
An increasing number of credit card holders are finding it hard to keep up with monthly payments. But what's the solution?
IFP Exclusive

Iran Out of Recession Now: Economy Minister

IFP Editorial Staff -
Iran Minister of Economy Farhad Dejpasand says that the country has pulled itself out of economic recession, as the economic growth without taking oil revenues into account has been positive from March to November 2019 despite the US sanctions.
IFP Exclusive

Defence Ministry Helping Iranian Carmakers against Sanctions

IFP Editorial Staff -
Defence Minister of Iran Brigadier General Amir Hatami says his ministry is providing assistance for the local automakers for the purpose of defeating the cruel sanctions and supplying the components that have been subject to the sanctions.
IFP Exclusive

Iranian Firm Manufactures Smart Electricity Metres

IFP Editorial Staff -
An Iranian knowledge-based company has managed to produce energy metres that are on a par with European counterparts in terms of quality, but at a much lower price.
Media Wire

Endangered by Israel Airstrike, Tehran-Damascus Flight Lands in Russian Airbase

IFP Media Wire -
An Israeli airstrike, carried out as Syria troops were liberating the terrorist-held town of Saraqib in northwestern Idlib province, has endangered a civilian flight carrying 172 passengers, according to the Russian Defense Ministry.
IFP Exclusive

‘Oil-Free Economy to Increase Iran’s Export Capacities’

IFP Editorial Staff -
The CEO of Shahr-e Aftab Exhibition says Iran’s export capabilities are the result of the country’s manufacturing capabilities, and the more the Islamic Republic distances itself from oil, the more its export capabilities increase.
IFP Exclusive

Foreign Investment in Iran Increased by 50%: Minister

IFP Editorial Staff -
Iran’s economy minister says in the first six months of the current Iranian year, the amount of foreign investment in the country has increased by 50% compared to the same period last year.
IFP Exclusive

Iran 95% Self-Sufficient in Electricity Equipment

IFP Editorial Staff -
Iran Parliament Speaker Ali Larijani says the country’s Ministry of Energy has succeeded in producing 95% of the equipment required for the power industry inside the country.
IFP Exclusive

US Lying that No Restrictions Put on Food, Drug Import: Iran

IFP Editorial Staff -
Iranian First Vice President Es’haq Jahangiri says the Americans are lying that they have put no restrictions on drugs and food import for the Islamic Republic.
Business

A Beginner’s Guide to Creating a Secure Business Website

IFP Media Wire -
While working at your desk, an excellent business idea dawned on you. You worked on it tirelessly fine-tuning it and ensuring there were no loose ends. You also managed to have a consortium of angel investors to help you with the necessary funds for your unicorn. Now you come to the most intriguing part of the whole business. You need to have a website.
IFP Exclusive

Medical Imports Financed by CBI Far Above Swiss Channel: Top Banker

IFP Editorial Staff -
Governor of the Central Bank of Iran says the value of the pharmaceutical and medical products that have been imported over the past 10 months with the financing provided by his organization has been 2,000 times higher than the value of consignments recently delivered via a Swiss channel.
IFP Exclusive

Rise in Iran’s Sugar Output Saves $1 Billion in Expenses

IFP Editorial Staff -
Caretaker of the Iranian Ministry of Agriculture says a rise in the domestic production of sugar has helped the government save nearly $1 billion in imports from abroad over the past seven years.
Media Wire

IRGC Installs Last Platform in South Pars Phase 14

IFP Media Wire -
The last platform of Phase 14 of Iran’s giant South Pars gas field was held in place by Iranian technicians on Saturday.
Media Wire

Iran Suspends All Flights to/from China over Coronavirus Threat

IFP Media Wire -
Iranian Minister of Health Saeed Namaki says Iran has temporarily halted all flights to and from China as the novel coronavirus, which originated in the Chinese city of Wuhan, spreads across the country and the rest of the world.
IFP Exclusive

President Highlights Iran’s Progress under Sanctions

IFP Editorial Staff -
President Hassan Rouhani has praised the Iranian nation for withstanding the foreign pressures, saying his administration has managed to complete dozens of major development projects despite the tough sanctions.
IFP Exclusive

Iran’s Trade Turnover Over $72bn in 10 Months

IFP Editorial Staff -
An Iranian senior official says the value of Iran’s imports and exports during the past ten months has been over 72 billion dollars, which shows a rare increase in value.
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