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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

Iranians on Shopping Sprees in Run-up to New Year

IFP Editorial Staff -
Iranian people from all walks of life are going on shopping sprees as the Persian New Year is around the corner.
IFP Exclusive

No Food Problem in Iran despite US Sanctions: Official

IFP Editorial Staff -
Iran’s deputy agriculture minister says the country’s warehouses are full of food stuff and the market has no problem in terms of food supplies despite the US sanctions.
Media Wire

Iran’s Bushehr Nuclear Power Plant Shut Down for Overhaul

IFP Media Wire -
An Iranian official said the country’s nuclear power plant near the southern port city of Bushehr has been shut down for periodic maintenance and fuel reloading, and will be reconnected to the national grid in a couple of weeks.
IFP Exclusive

More Planes Flying over Iran Airspace amid Indio-Pak Conflict

IFP Editorial Staff -
The number of planes flying over the Iranian airspace has significantly increased amid the growing military conflict between India and Pakistan.
IFP Exclusive

Guardian Council Says Not Worried about Plebiscite on FATF Accession

IFP Editorial Staff -
Iran's Guardian Council Spokesman Abbas Kadkhodaei says the council is not afraid of any referendum on Iran’s adoption of Palermo Convention and the Convention against Financing of Terrorism (CFT).
IFP Exclusive

Iran, India, Afghanistan Discuss Investment in Chabahar Port

Emad Askarieh -
A conference on investment in, and the development of the Iranian port city of Chabahar was recently held in Iran, bringing together investors and authorities from 35 countries.
IFP Exclusive

‘EU Seeks to Gain More Concessions from Iran via INSTEX’

IFP Editorial Staff -
There are indications that Europe does not really intend to ease the pressure of Washington’s sanctions on Iran despite establishing a special purpose vehicle named INSTEX, a conservative Iranian daily has argued.
IFP Exclusive

Iran Relies on Self-Esteemed Women for Bypassing US Sanctions

IFP Editorial Staff -
An Iranian researcher says during a project in a knowledge-based firm inside Iran, when challenged by the US sanctions, she and her colleagues launched new attempts and managed to produce the raw material they needed domestically and press ahead with their project.
IFP Exclusive

Tehran, Yerevan Sign Two MoUs to Boost Ties

IFP Editorial Staff -
Iran and Armenia have signed two memoranda of understanding in a Wednesday ceremony attended by President Hassan Rouhani and visiting Armenian Prime Minister Nikol Pashinyan.
IFP Exclusive

‘Iranian Women Running Economic Campaign against US Bans’

Reza Khaasteh -
Iranian Vice-President for Women and Family Affairs Massoumeh Ebtekar says women in Iran are actively engaged in an economic campaign aimed at cushioning the impact of the cruel sanctions imposed by the United States against the Iranian nation.
IFP Exclusive

Rouhani Says 3.4m Jobs Created in 5 Years, but More Needed

IFP Editorial Staff -
Iranian President Hassan Rouhani says his administration has managed to create over three million job opportunities during the past five years he’s been in office, but that’s far behind what the society needs.
Media Wire

Iran to Close Strait of Hormuz If Its Oil Exports Stopped: IRGC

IFP Media Wire -
Commander of the Islamic Revolution Guards Corps (IRGC) Navy Rear Admiral Ali Reza Tangsiri said as long as Iran is able to export its oil via the Strait of Hormuz, the waterway would be open.
IFP Exclusive

Iran Produces All-Electric Four-Wheel Motorcycle

IFP Editorial Staff -
An Iranian knowledge-based company has launched the pilot phase of producing an all-electric four-wheel motorcycle.
IFP Exclusive

3 Airbus Planes Join Iran’s Flag Carrier

IFP Editorial Staff -
Iran’s flag carrier Iran Air has purchased three Airbus passenger planes from Hungary and added them to its fleet, after the US sanctions prevented it from receiving the brand new Airbus and ATR planes it had purchased.
IFP Exclusive

Iran Says FATF Extended Its Deadline to Avoid ‘Deadlock’

IFP Editorial Staff -
Iran’s nuclear chief says the Financial Action Task Force’s extension of its anti-Iran measures shows the global anti-money laundering body doesn’t want to create a “deadlock” in its relations with Iran.
IFP Exclusive

FATF Extends Iran’s Deadline by June

IFP Editorial Staff -
The global anti-money laundering body, the Financial Action Task Force (FATF), on Friday gave Iran until June to come into compliance with anti-terror financial measures or said it will face tougher financial oversight.
IFP Exclusive

Rouhani Gov’t Denies Rumours It’s Behind Currency Hikes

IFP Editorial Staff -
The Iranian president's chief of staff has rejected rumours that this week’s hike in the value of foreign currencies in Iranian markets was planned by the government as part of efforts to meet FATF guidelines, saying the government would not “play games” with people’s livelihood.
IFP Exclusive

Iran Says Grounds Prepared for Its Membership in Eurasian Union

IFP Editorial Staff -
Despite sanctions imposed on and restrictions created for Iran's economy, arrangements for membership of the Islamic Republic in the Eurasian Economic Union have been made, said Iran's Energy Minister.
IFP Exclusive

INSTEX Implementation Not Possible without FATF: Germany

IFP Editorial Staff -
The German ambassador to Tehran has denied the allegation that the European Union has set conditions for implementing its special purpose vehicle for trade with Iran, but at the same time noted that European banks would not work with Tehran if the country fails to adopt the FATF standards.
IFP Exclusive

IRGC Calls for Withdrawal of Chinese Fishing Ships from Iran Waters

IFP Editorial Staff -
The commander for IRGC Navy says Chinese ships fishing in Iran’s territorial water must leave, as they have endangered the livelihood of Iranian fishermen.
IFP Exclusive

Rosewater Has Unbelievable Healing Properties for Eyes

IFP Editorial Staff -
Rosewater is a fragrant liquid highly beneficial for human eyes but before any use, we should make sure about its purity.
IFP Exclusive

Iran Parliament Allows Gov’t to Get $5 Billion Loan from Russia

IFP Editorial Staff -
The Iranian parliament has extended a licence allowing the government to receive a total of $5 billion loan from Russia for infrastructure projects.
IFP Exclusive

Persian Gulf Star Refinery Makes Iran Self-Sufficient in Petrol Production

IFP Editorial Staff -
Iranian President Hassan Rouhani on Monday inaugurated the third phase of the gas condensate plant of the Persian Gulf Star Refinery in Bandar Abbas.
IFP Exclusive

Iran President Unveils New Submarine Equipped with Cruise Missile

IFP Editorial Staff -
Iran on Sunday unveiled a home-grown semi-heavy submarine capable of firing cruise missiles, adding it to the fleet of the Iranian Army’s naval forces.
IFP Exclusive

Iran Expediency Council Postpones Voting on Palermo Bill

IFP Editorial Staff -
Iran’s Expediency Council was once failed to reach a consensus over a parliamentary bill on Iran’s accession to the United Nations Convention against Transnational Organized Crime, as members have postponed voting on the FATF-related bill.
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