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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-China Banking Ties Facilitated: Official

IFP Editorial Staff -
The obstacles to banking transactions between Iran’s official companies and China have been removed, president of Iran-China Joint Chamber of Commerce announced.
IFP Exclusive

No Drop in Number of Planes Flying over Iran Airspace

IFP Editorial Staff -
The number of planes flying over Iran’s airspace has not decreased despite growing tensions between Tehran and Washington over the past few months.
Media Wire

FATF Extends Iran’s Deadline until October

IFP Media Wire -
The Financial Action Task Force (FATF) said Iran had until October to meet international standards against money-laundering and terror financing.
IFP Exclusive

Turkey Says Ready to Boost Business Ties with Iran

IFP Editorial Staff -
Turkish Foreign Minister Mevlüt Çavuşoğlu says his country is prepared to enhance its all-out relations with Iran in various political, economic, and cultural areas.
IFP Exclusive

Purchase of Iran’s Oil Not Guaranteed by Europe: Minister

IFP Editorial Staff -
Iran’s Oil Minister Bijan Namdar Zanganeh has said that the European states have not still guaranteed the purchase of Iranian oil amid the US sanctions on the Islamic Republic’s oil industry.
IFP Exclusive

Iran to Transfer Know-How of Processing Artemia Cysts to Kazakhstan

IFP Editorial Staff -
Iran’s University of Urmia and a Kazakh company have signed a contract to transfer the technical knowledge of processing of Artemia cysts from Iran to Kazakhstan.
Media Wire

UK to Pay $1.6bn in Damages to Iran’s Bank Mellat

IFP Media Wire -
The UK government has reached an agreement with Bank Mellat to settle a $1.6-billion damages claim brought by the Iranian bank after 10 years of negotiations.
IFP Exclusive

Selling Oil Today More Difficult than in Wartime: Iran

IFP Editorial Staff -
Iranian Oil Minister Bijan Zanganeh says today's conditions are harder than those of the wartime, because at the time of war Iran did not have problem in oil exports.
IFP Exclusive

Russia Says Ties with Iran Source of Regional Stability

IFP Editorial Staff -
Russia’s Energy Minister Alexander Novak says further development of mutual ties between Iran and Russia will contribute to regional peace and stability.
IFP Exclusive

Iran, Russia Sign 8 MoUs in Isfahan

IFP Editorial Staff -
Eight cooperation agreements have been signed by representatives of Iran and Isfahan during a ceremony attended by Iran's Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak.
IFP Exclusive

Iran Proposes New Date for OPEC Meeting

IFP Editorial Staff -
Iran’s oil minister has disagreed with a plan to postpone an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC), saying Iran would prefer July 10-12 if a new date is to be set for the gathering.
IFP Exclusive

Iranian Minister in Geneva to Attend Int’l Labour Conference

IFP Editorial Staff -
Iranian Minister of Labour Mohammad Shariatmadari has left Tehran for the Swiss city of Geneva to attend the 108th session of the International Labour Conference.
IFP Exclusive

Iran on Verge of Joining Eurasia Free Trade Zone

IFP Editorial Staff -
Iran’s Energy Minister Reza Ardakanian says the country will soon announce the implementation of its agreement with the five members of the Eurasian Economic Union on free trade, which will make Iran a member of the Eurasia Free Trade Zone.
IFP Exclusive

INSTEX Not Translated into Reality Yet: Iran

IFP Editorial Staff -
Iranian Parliament Speaker Ali Larijani says the financial mechanism proposed by the EU to normalize economic ties with Iran after the US withdrawal from the 2015 nuclear has not yet been translated into reality, and is only on paper.
Media Wire

‘Russia Still Interested in Making Energy Investment in Iran’

IFP Media Wire -
Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin have discussed expansion of business ties between the two states in a range of fields, particularly in the energy sector, despite Washington's unilateral sanctions.
IFP Exclusive

Celebration of Queen Elizabeth II’s Birthday at Iranians’ Expense

IFP Editorial Staff -
An email has been sent to many Iranian economic players and brands asking them to pay for an annual celebration marking the 93rd birthday of the British Queen Elizabeth II in Tehran through a certain channel.
IFP Exclusive

Two Supertankers Carrying Crude Oil Targeted in Sea of Oman

IFP Editorial Staff -
Two super oil tankers carrying crude from the Persian Gulf region have reportedly been targeted in the Sea of Oman.
IFP Exclusive

Abe’s Tehran Visit Reminiscent of Japan’s Historic Bypass of UK Bans

IFP Editorial Staff -
The visit of Japanese Prime Minister Shinzo Abe to Tehran amid the current heightened tensions in Iran-US relations serves as a reminder of a historic move by Japan’s government in the years after the World War II to circumvent the brutal sanctions imposed by the Great Britain on Iran’s national oil industry, an op-ed by Iranian newspaper Shargh said.
IFP Exclusive

Iran Contains Fire at South Pars Gas Field

IFP Editorial Staff -
Iranian firefighters have managed to contain a fire that engulfed the 9th platform of South Pars Gas Field, the world's biggest natural gas field, located in the Persian Gulf.
Media Wire

US Seeks to Kill INSTEX by Imposing New Sanctions

IFP Media Wire -
The Trump administration is now weighing sanctions on Iran’s counterpart to the European special-purpose vehicle for humanitarian trade, Bloomberg says.
IFP Exclusive

Iran’s Parliament Approves Establishing Free Trade Zone with Eurasia

IFP Editorial Staff -
Iranian lawmakers have approved a bill to temporarily run a free trade zone between Iran and Eurasian Economic Union.
IFP Exclusive

Iranian Researchers Develop Highly Durable coloured Asphalt

IFP Editorial Staff -
A group of Iranian researchers have developed a special kind of asphalt which is much more durable than the conventional types.
IFP Exclusive

Turkey to Deepen Business Ties with Iran to Counter US Bans: Erdogan

IFP Editorial Staff -
Turkish President Recep Tayyip Erdogan has called for further expansion of mutual ties between Iran and Turkey in various areas including economy in the wake of the US sanctions against Tehran.
IFP Exclusive

Iran Says Will Remain in OPEC, Keep Fighting US Pressure

IFP Editorial Staff -
Iran’s oil minister says Tehran is going to remain a member of the Organization for Petroleum Exporting Countries (OPEC) even though some members have joined the United States in using oil as a weapon to put pressure on Iran as one of the founders of the organization.
IFP Exclusive

Rice Cultivation Starts in Iran’s Mazandaran

IFP Editorial Staff -
Every year in April, farmers of Mazandaran province in northern Iran start preparing their rice fields for transplantation of the seedlings.
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