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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

ICOMOS to Assess Iran’s Rail Corridor for Recognition as Industrial Heritage

IFP Editorial Staff -
Tehran says representatives of the International Council on Monuments and Sites (ICOMOS) will do a field survey on Iran’s cross-country rail corridor in order to register it as the country’s first industrial heritage.
Media Wire

Yemen Warns Foreigners to Leave Saudi Aramco Oil Facilities

IFP Media Wire -
Yemen's military has warned foreigners in Saudi Arabia to leave Aramco's oil processing plants, saying they are still a target and can be attacked "at any moment."
IFP Exclusive

Collision with Pickup Truck Grounds Tehran-Yazd Plane

IFP Editorial Staff -
In an unprecedented accident a pickup truck has collided with ATR-72 plane in Iran’s Yazd airport.
Media Wire

Saudi Says Damaged Oil Facilities Cannot Be Fixed Overnight

IFP Media Wire -
An informed Saudi source says the damages inflicted on the Aramco oil facilities in the recent Yemeni drone attacks are so massive that it is not clear when the country's oil output can return to normal.
IFP Exclusive

Iran Digging for New Gas Reserves in Persian Gulf

IFP Editorial Staff -
Iran has launched a scheme to explore and use new undersea gas reserves in the Persian Gulf, considering an inevitable drop of pressure at the giant South Pars gas field, shared with Qatar.
Media Wire

Saudi Oil Output Cut by Half after Yemeni Drone Attacks

IFP Media Wire -
Attacks by 10 Yemeni drones against two plants at the heart of Saudi Arabia’s oil industry have knocked out more than half of the Kingdom’s output.
Media Wire

Hawkish Senator Calls for Bombing Iran’s Refineries after Aramco Attacks

IFP Media Wire -
Hawkish American Senator Lindsey Graham has says the US should mull bombing Iranian oil refineries if Tehran continues boosting its nuclear enrichment to higher grades.
IFP Exclusive

Saudi Oil Facilities Set Ablaze by 10 Yemeni Drones

IFP Editorial Staff -
Several drones flown by Yemen’s Ansarullah movement have set alight two major oil facilities run by the state-owned company Aramco in Saudi Arabia in retaliation for the Riyadh-led attacks on Yemen.
IFP Exclusive

Bread, Grain Industry Exhibit Opens in Tehran

IFP Editorial Staff -
The 12th International Bread, Flour and Grain Industry Exhibition has kicked off in the Iranian capital, Tehran.
IFP Exclusive

New Phase of South Pars Gas Field to Become Operational: Oil Minister

IFP Editorial Staff -
Iran’s oil minister says the status of phase 11 of the South Pars Gas Field as well as Farzad B Gas field will be settled this year.
IFP Exclusive

Prominent Iranian Businessman Asgaroladi Dies at 86

IFP Editorial Staff -
The head of Iran-China Joint Chamber of Commerce and leading Iranian businessman Asadollah Asgaroladi passed away on Friday at the age of 86.
IFP Exclusive

Iran’s Non-Oil Exports Rise by 136%

IFP Editorial Staff -
Iran’s non-petroleum exports have registered a considerable rise in 2019 over the previous year.
IFP Exclusive

Iran’s Oil Tanker Adrian Darya Reaches Destination: Spokesman

IFP Editorial Staff -
The spokesperson for Iran’s Foreign Ministry says the country’s supertanker ‘Adrian Darya-1’ has reached its destination and unloaded its cargo.
IFP Exclusive

Iran Develops Homegrown Decanter Centrifuges

IFP Editorial Staff -
A group of Iranian researchers at a knowledge-based company have developed decanter centrifuges using domestic knowhow.
Media Wire

RO-RO Ramp to Be Built at Iranian Caspian Sea Port

IFP Media Wire -
Iran has signed a major contract to build port facilities on the Caspian Sea that would enable terminal operations for roll-on roll-off (RO-RO) ships.
IFP Exclusive

Iran Now Self-Sufficient in Building Industrial Robots

IFP Editorial Staff -
An Iranian knowledge-based company active in the field of industrial automation and electronic equipment has made the country self-sufficient in the production of industrial robots.
Media Wire

Iraq Reopens Border Crossing with Iran ahead of Arba’een

IFP Media Wire -
The Khosravi border crossing between Iran and Iraq reopened on Friday, more than six years after a terrorist attack led to its closure.
IFP Exclusive

Iran Seizes Foreign Ship Carrying Smuggled Fuel

IFP Editorial Staff -
Iran has seized a vessel carrying contraband fuel in the Persian Gulf, arresting a number of its crew members.
Media Wire

Iran Leader Allocates Funds for Key Railroad Project

IFP Media Wire -
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved tapping Iran’s sovereign wealth fund for construction of a key railway southeast of the country, says Iran’s transportation minister.
IFP Exclusive

Dates Harvesting Season Begins in Iran

IFP Editorial Staff -
Farmers in southern and central provinces of Iran have started harvesting dates from palm tree farms.
IFP Exclusive

Tehran, Dhaka Confer on Enhanced Business Ties

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif has held talks with Bangladesh Foreign Minister Abul Kasim Mohammed Abdul Momen in Dhaka.
IFP Exclusive

Iran Will Return to JCPOA Only If Oil Sales Guaranteed

IFP Editorial Staff -
A top Iranian diplomat says the country’s implementation of its commitments under the 2015 nuclear deal is possible only if Iran’s oil sales and its access to the revenues are guaranteed by the European parties.
Media Wire

Iran Unveils New Strike Drones with High-Speed Tracking

IFP Media Wire -
Iran has unveiled a drone in two different versions, for swift tracking and identification and for precision strikes on distant targets.
IFP Exclusive

Iran Says US Shows ‘Some Flexibility’ on Easing Oil Bans

IFP Editorial Staff -
Iran’s Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi says the US has shown some "flexibility" regarding the easing of Iran oil sanctions during a recent meeting with the French president.
Media Wire

US Sanctions Iranian Tanker Adrian Darya 1, Its Captain

IFP Media Wire -
The United States has blacklisted the Iranian-operated supertanker Adrian Darya 1 and sanctioned its captain, according to the US Treasury Department.
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