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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 Denies Claim Its Cargo Ship Seized in Libya

IFP Editorial Staff -
Iran has dismissed African media reports that an Iranian cargo ship has been seized by the Libyan Government of National Accord over the US sanctions.
IFP Exclusive

‘Trump’s Hostile Policies Boost Solidarity among Iranians’

IFP Editorial Staff -
Chief of Staff of the Iranian president says US President Donald Trump’s hostile measures against the Islamic Republic and the “maximum pressure” he is exerting on Iran will just increase the national unity of Iranian people.
IFP Exclusive

Iran Says Not to Let Any Country Replace It in Oil Market

IFP Editorial Staff -
The Iranian Foreign Ministry spokesman has condemned the Saudi and Bahraini governments' support for the US sanctions imposed on Iran's oil exports, saying the Islamic Republic will not allow any country to replace it in the petroleum market.
IFP Exclusive

US Plan to Cut Iran’s Oil Exports Down to Zero Not Feasible: DM

IFP Editorial Staff -
Iran’s Defence Minister says the inhumane goal of the American regime to cut Iran’s oil exports down to zero is not feasible, and the Islamic Republic of Iran preserves all rights to use defensive measures against the US economic terrorism.
IFP Exclusive

Iraq Says to Keep Importing Iran’s Gas, Power despite US Bans

IFP Editorial Staff -
Iraq is set to maintain and even increase its natural gas and electricity imports from Iran to meet the extreme summer demand, defying the US’ move to stop issuing sanctions waivers for the countries that import energy from Iran.
IFP Exclusive

FAO to See if ‘Certain States’ Led Locust Attack on Iran

Emad Askarieh -
The United Nations Food and Agricultural Organization (FAO) has dispatched a delegation to Iran to discover the possible sources of the massive attack by desert locusts on parts of the country over the past days, said head of the Iranian Plant Protection Organization.
IFP Exclusive

Iran to Export as Much Oil as It Desires: Leader

IFP Editorial Staff -
Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has downplayed the US’ refusal to renew sanctions waivers for the import of Iran’s crude oil, saying that the Islamic Republic will export petroleum as much as it wants.
IFP Exclusive

Zarif Says Iran’s Military to Decide on Closing Strait of Hormuz

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif says the country’s military will make the final decision on the option of closing the Strait of Hormuz, a highly important strategic location for global energy trade, in reaction to the US’ ban on the country’s oil exports.
IFP Exclusive

Iran Says Its Oil Exports Will Never Plummet to Less than 1m Barrels

Emad Askarieh -
A senior Iranian lawmaker says despite the US decision to tighten its sanctions on Iran’s oil sector, the country’s oil exports will never decrease to less than one million barrels per day.
IFP Exclusive

‘US Waivers for Iran Oil Imports Have No Credit’

IFP Editorial Staff -
The Iranian foreign ministry has dismissed the White House’s latest statement regarding its decision to stop issuing sanctions waivers for the import of Iran’s crude oil.
Media Wire

US to Announce End of Sanctions Waivers for Iran Oil Imports

IFP Media Wire -
The United States is to announce that all importers of Iranian oil will have to end their imports shortly or face US sanctions, a report says.
IFP Exclusive

Iran Develops Drill to Clean Up Mud after Recent Floods

IFP Editorial Staff -
A group of Iranian researchers managed to develop a horizontal drill used to suck up mud, after they realized flood-hit provinces need the drill but the country cannot import it due to the US sanctions.
IFP Exclusive

‘Exporting Knowledge-Based Products Very Profitable after Rial Devaluation’

IFP Editorial Staff -
Iran’s Vice-President for Science and Technology says the devaluation of Iran’s national currency against the US dollar has made it quite profitable to export goods produced by Iranian knowledge-based firms.
IFP Exclusive

Iran, Turkey to Establish INSTEX-Like Mechanism: Zarif

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif says Iran and Turkey have agreed to establish a new financial mechanism in a number of areas similar to that of Europe's long-awaited financial initiative known as the Instrument in Support of Trade Exchange (INSTEX).
IFP Exclusive

Syria to Give Priority to Iranian Firms in Reconstruction Era: PM

IFP Editorial Staff -
Syrian Prime Minister Imad Khamis says his country’s top priority in the reconstruction era is Iranian companies working in various areas.
IFP Exclusive

Iraq, Syria Working on Joint Railway Project with Iran

IFP Editorial Staff -
Syria and Iraq have discussed the establishment of rail connections with each other and with the Islamic Republic of Iran.
IFP Exclusive

‘Some Korean SMEs Go Bankrupt after US Sanctions against Iran’

IFP Editorial Staff -
The Chairman of Iran-South Korea Joint Chamber of Commerce says following the cutback in economic relations between Tehran and Seoul due to US sanctions, many small or medium-sized companies (SMEs) that had ties with Iran have gone almost bankrupt.
Media Wire

IRGC Seizes Oil Tanker Smuggling Biggest Haul of Fuel at Hormuz Strait

IFP Media Wire -
The Islamic Revolution Guards Corps (IRGC) busted a major fuel smuggling ring in Iran’s southern waters after its naval forces confiscated an oil tanker containing a big haul of smuggled fuel at the Strait of Hormuz.
Media Wire

US, Observers Surprised by Increase in Iran’s Oil Exports

IFP Media Wire -
Iranian exports of crude oil and condensate have surged to levels near before sanctions, surprising market observers and affording the country an important victory in a US “economic war” on Tehran.
Media Wire

Enemies Plotting to Disrupt Iran’s Forex Market, Chief Banker Warns

IFP Media Wire -
Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies.
Food

Barberry; A Healing Plant Since 2,500 Years Ago

Seyedeh Maryam Hosseini Lahijani -
Barberry, also known as berberis, is a plant with lots of medical features used in many Iranian dishes, desserts and drinks. Medicines made of barberry have been used for 2,500 years for treating various diseases.
IFP Exclusive

Iran’s Sistan & Baluchestan; Home to Most Exotic Fruits

Fatemeh Askarieh -
Sistan and Baluchestan province in south-eastern Iran is falsely known as “a deprived region” while it enjoys a wide range of unique attractions and natural resources, including exotic fruits.
IFP Coverage

Impact of Mobile Trading Technology on Forex Traders

IFP Media Wire -
As trading platforms such as MT4 webtrader surfaced in the early 2000s, forex trading has taken a whole new turn. There have been significant changes to the forex sector all that has been attributed to advancements in technology and particularly in mobile trading technology.
Finance

Financial Advice for Early Stage Startups

IFP Media Wire -
Having a great business idea and actually turning the concept you have worked hard on into reality will certainly open new opportunities for you, and bring you the professional fulfillment you might have been seeking. Despite all the excitement involved, and the chance you are getting to be part of the business world, you also need to be prepared for the various challenges that you will encounter.
IFP Exclusive

New Solar Cells Developed to Be Installed on Handbags

IFP Editorial Staff -
Researchers at Amir Kabir University of Technology in Tehran have managed to design laser-based polymeric solar cells that can be installed on handbags.
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