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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

Saudi Pipeline’s Operation Stopped after Yemen Drone Attacks

IFP Editorial Staff -
Saudi Arabia says it has halted oil pumping on its major east-west pipeline following drone attacks claimed by Yemen’s Ansarullah movement.
Media Wire

Vital Saudi Oil Facilities Targeted by Yemeni Drones

IFP Media Wire -
Seven drones run by Yemeni armed forces have reportedly carried out attacks against vital Saudi facilities in response to the Riyadh regime’s ongoing acts of aggression against Yemeni people.
IFP Exclusive

Iran FM Calls UAE Vessel Explosions ‘Suspicious’

IFP Editorial Staff -
Iran's foreign minister has described the recent vessel explosions near the Emirati port city of Fujairah as ‘suspicious’, saying such moves in the Middle East are aimed at provoking tension in the region.
IFP Exclusive

Iran Denies Claim It’d Stay in JCPOA If Oil Exports Guaranteed

IFP Editorial Staff -
Iran's Foreign Ministry spokesman has rejected a report by Reuters regarding the country's condition for staying in the Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).
IFP Exclusive

‘US Renews Sanctions Waivers for Iran’s Chabahar Port’

IFP Editorial Staff -
The US Principal Deputy Assistant Secretary of State for South and Central Asia Alice Wells says Washington has agreed with the request of Kabul to exempt Iran’s Chabahar port from the US sanctions, considering the significance of the strategic port city for the development of Afghanistan.
IFP Exclusive

UAE Confirms Vessels Hit Near Fujairah Port

IFP Editorial Staff -
The United Arab Emirates’ Foreign Ministry has confirmed that a number of vessels have been targeted by “sabotage operations” near the territorial waters of the Emirati port of Fujairah.
IFP Exclusive

Millions of Butterflies Arrive in Tehran, Create Lovely Scenes

IFP Editorial Staff -
Millions of butterflies have flocked to the urban and rural areas of the southeast of the Iranian capital, creating beautiful scenes.
IFP Exclusive

Iran Says Ball of Implementing INSTEX in Europe’s Court

IFP Editorial Staff -
The CEO of Iran Special Trade and Finance Institute (STFI) says Tehran has set up the mirror mechanism proportionate to the EU's INSTEX channel and now the ball is in the Europeans’ court to run the Instrument in Support of Trade Exchanges to protect trade with Tehran.
IFP Exclusive

Heavy Explosions Reported in UAE’s Fujairah Port

IFP Editorial Staff -
Several heavy explosions have reportedly rocked the port city of Fujairah in the United Arab Emirates on Sunday, according to local media.
IFP Exclusive

Iran Condemns US Ban on Its Metal Industry

IFP Editorial Staff -
The Iranian foreign ministry spokesman has strongly condemned the US regime's decision to impose sanctions on Iran's metal industry.
Media Wire

Imran Khan Says Pakistan Keen to Complete Iran Gas Pipeline

IFP Media Wire -
Pakistani Prime Minister Imran Khan says his country is keen to complete the construction of a much-delayed pipeline designed for receiving Iran’s natural gas, weeks after he paid a visit to the neighboring state.
IFP Exclusive

Is Iran Planning to Recognize Bitcoin?

IFP Editorial Staff -
The unveiling of a new system during the recent International Exchange, Bank and Insurance Fair (IRAN FINEX) in Tehran has aroused speculations that Iran might be planning to legalize Bitcoin as a legal currency in a bid to survive the new round of US bans.
IFP Exclusive

‘US to Issue Conditional Waivers for Iraq to Maintain Business with Iran’

IFP Editorial Staff -
Iran’s Ambassador to London says the US will grant waivers to Iraq for economic cooperation with the Islamic Republic if Baghdad signs an oil deal with the US.
IFP Exclusive

Brazil Says Ready to Help Iran in Face of US Sanctions

IFP Editorial Staff -
The Brazilian ambassador to Iran says the US’ anti-Iran sanctions are cowardly and, if necessary, Tehran can count on Brazil in this regard.
IFP Exclusive

US Seeking to Devaluate Iranian Currency: Rouhani

IFP Editorial Staff -
Iran’s president says the United States wants to have the Iranian currency devalued in order to achieve its illegitimate objectives.
IFP Exclusive

US Trying to Get Its Hands on Venezuela’s Oil: Iran

IFP Editorial Staff -
Iran’s parliament speaker says the United States seeks to get its hands on Venezuela’s oil riches by creating instability in the country.
IFP Exclusive

Impossible to Exclude Iran from Oil Market: OPEC

IFP Editorial Staff -
Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo says it is not possible to exclude Iran from the oil market.
IFP Exclusive

Iran’s SATMA, EU’s INSTEX to Do First Transaction Soon

IFP Editorial Staff -
Iran’s special financial channel for trade with European countries under the US sanctions known as SATMA, and its European counterpart INSTEX are ready to do their first transaction in coordination with banks of the two sides.
Media Wire

Iran Warns OPEC May Collapse If Members Use Oil as Weapon

IFP Media Wire -
Iranian Minister of Petroleum Bijan Zangeneh says a US bid to cut Iran’s oil exports to zero is a “pious hope,” warning countries using oil as a weapon about repercussions of further volatility in the global market.
Media Wire

LG, Samsung Deny Leaving Iran over US Sanctions: Report

IFP Media Wire -
South Korea’s Samsung Electronics has denied reports that it was withdrawing from the Iranian market in the face of US sanctions, London-based bne IntelliNews says.
IFP Exclusive

Iran to Continue Oil Exports despite US Sanction: Rouhani

IFP Editorial Staff -
Iran's President Hassan Rouhani says the country will not allow the United States to implement its decision to bring Iranian oil exports down to zero.
Media Wire

Iran to Build Mideast’s Biggest Power Plant in Central Province

IFP Media Wire -
Iran plans to construct a power plant in the central province of Markazi that would be the biggest in the Middle East in terms of generating electricity, a lawmaker announced.
IFP Exclusive

Iranian Cleric Bans Use of Oil Income to Meet State Expenses

IFP Editorial Staff -
A senior Iranian cleric says he believes it would be religiously not permissible to use oil revenues to meet “current and development expenses” in the country.
IFP Exclusive

‘Iraq in Limbo to Choose between Iran, US’

IFP Editorial Staff -
An Iranian analyst says Iraq is now faced with a difficult choice between Iran and the US because the power balance it had created over the past years to establish ties with both sides is no longer feasible.
IFP Exclusive

Rouhani to Launch Largest Water Project in Western Iran

IFP Editorial Staff -
The first phase of Iran’s biggest water and land resources development project will be launched soon by President Hassan Rouhani in Kurdistan and Kermanshah provinces, west of the country.
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