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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.

Media Wire

Iran Slams US Envoy’s ‘Meddlesome’ Meetings with OPEC Members

IFP Media Wire -
The Iranian oil minister has lashed out at US special representative for Iran Brian Hook over his “meddlesome” meetings with members of the Organization of the Petroleum Exporting Countries in Vienna, asserting that OPEC is an independent body that does not take orders from the US.
IFP Exclusive

Iran Dispatching Workers to Australia, Canada, Denmark

IFP Editorial Staff -
Iran is dispatching skilled workers to Australia, Canada, Oman, Turkey and Denmark, and has established five support centres in these countries for the workforce, a top official said.
IFP Exclusive

Iranian MPs Pass Amendment to CFT Bill

IFP Editorial Staff -
Iranian lawmakers have approved an amendment to a bill on Iran’s accession to the Combating the Financing of Terrorism (CFT) convention, which was earlier rejected by the Guardian Council.
IFP Exclusive

ICA Says Resolved to Facilitate Iran’s Trade Ties with World

IFP Editorial Staff -
The chairman of the Asia-Pacific region of International Co-operative Alliance (ICA) says the alliance is seeking to stand by Iran amid the unilateral sanctions imposed on the county and do whatever in its power to facilitate Iran’s trade ties with the outside world.
IFP Exclusive

Iran Urges UK to Settle Its Outstanding Debts

IFP Editorial Staff -
Iran’s Judiciary chief says countries such as Britain are indebted to Iran as they received money in return for weapons before the 1979 Islamic Revolution and must now repay the long overdue debts.
IFP Exclusive

Iran Develops Water-Repellent Nano-Paint

Seyedeh Maryam Hosseini Lahijani -
A group of Iranian researchers has developed water-repellent nano-paint which protects surfaces against erosion and destruction, and increases their lifespan.
IFP Exclusive

No Oil to Be Exported from Persian Gulf If Iran Banned: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani has warned the United States that if the Islamic Republic is not allowed to export its crude oil, then no other country will be able to do so from the Persian Gulf.
Media Wire

Iran Blames Saudi, Russia for Qatar’s Bid to Leave OPEC

IFP Media Wire -
Iran says Qatar’s decision to quit the Organization of the Petroleum Exporting Countries (OPEC) shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel that determines production cuts in order to help regulate prices.
IFP Exclusive

Yellow Vest Protests Force Macron to Suspend Fuel Tax Hikes

IFP Editorial Staff -
After several weeks of violent protests across France, particularly those in Paris which turned the capital into a battle zone, President Emmanuel Macron finally buckled and announced his government will suspend a controversial fuel duty rise.
IFP Exclusive

Grape Grown in Iran’s Malayer Registered Globally

Fatemeh Askarieh -
The system of grape production in the Iranian city of Malayer has been registered as the 53rd major item of the Globally Important Agricultural Heritage Systems (GIAHS), an Iranian lawmaker announced.
Media Wire

Court in Hamburg Rules in Favour of Bank Melli Iran

IFP Media Wire -
A court in Germany has ordered Deutsche Telekom, a partly state-owned telecom provider, to reactivate phone and internet service for the Hamburg branch of Bank Melli Iran.
IFP Exclusive

Iran to Boost Traffic Safety by Making Roads Musical

IFP Editorial Staff -
Officials in Iran’s Semnan province say they are going to boost traffic safety across the province by making the roads ‘musical’.
IFP Exclusive

Squash Festival Held in Streets of Rasht, Northern Iran

IFP Editorial Staff -
The third edition of a squash festival was recently held in the Iranian city of Rasht, where various types of the popular agricultural product were put on show.
IFP Exclusive

Forex Rates to Keep Going Down in Coming Days: Iran

IFP Editorial Staff -
The Governor of the Central Bank of Iran Abdolnaser Hemmati says the rates of foreign currencies in the Iranian market will continue to decline in coming days.
IFP Exclusive

‘Iran, China to Resume Banking Ties in Coming Days’

IFP Editorial Staff -
An Iranian official says problems with Iran-China banking relations have been resolved and financial transactions will be resumed as of this weekend, when Beijing will restart its oil imports from the Islamic Republic.
IFP Exclusive

Iranian Villagers Using Solar Panels to Make a Living

IFP Editorial Staff -
A group of Iranian villagers have managed to make money by generating electricity from solar panels provided by a charity foundation.
IFP Exclusive

International Air Show Underway on Iran’s Kish Island

IFP Editorial Staff -
The Ninth edition of Kish International Air Show is underway on the Persian Gulf island in southern Iran, with over 100 aviation industries attending the four-day event.
Media Wire

‘France, Germany Step in to Bypass US Bans by Hosting SPV’

IFP Media Wire -
France and Germany will likely host the Special Vehicle Purpose (SPV), a special payment channel created by Europe as part of its efforts to keep trade flowing with Iran in defiance of US sanctions, senior diplomats told the Wall Street Journal.
Media Wire

Iran Prepared to Export Homegrown Fighter Jets

IFP Media Wire -
Iran says it is ready to export domestically built fighter jets after showcasing them to potential buyers during an upcoming air show on Kish Island.
IFP Exclusive

‘Foreign Banks Being Connected to Iranian Alternative to SWIFT’

IFP Editorial Staff -
Iran’s Central Bank says a financial mechanism is being developed to replace SWIFT system for transactions with Iran, and foreign banks are gradually joining the new system, known as SEPAM, to conduct financial transactions with the Islamic Republic.
IFP Exclusive

Paris Turns into Gaza as Protesters Clash with Riot Police (+Video)

IFP Editorial Staff -
The Champs-Élysées Avenue in Paris seemed more like the Gaza Strip on Saturday as French protesters with “yellow vests” threw stones at riot police forces, who used tear gas to disperse the demonstrators outraged by fuel price hikes and President Emmanuel Macron’s policies.
IFP Exclusive

‘Italian Businesses, Entrepreneurs Keen to Work with Iran’

IFP Editorial Staff -
Dozens of Italian businesspeople and entrepreneurs on Thursday attended a business meeting of Iran-Italy Joint Chamber of Commerce and the General Confederation of Italian Industry in the Italian capital of Rome, and were briefed on business opportunities in Iran.
Media Wire

Iran Says Frustrated by EU’s Slow Pace in Implementing SPV

IFP Media Wire -
Iranian Foreign Minister Mohammad Javad Zarif said Tehran is frustrated by the slow pace of EU moves to help Iran reap the full benefits of the JCPOA after Washington’s pullout from the international deal.
IFP Exclusive

‘France May Host Europe-Iran Payment Channel’

IFP Editorial Staff -
Iran’s deputy oil minister says Europe’s special payment channel, known as Special Purpose Vehicle (SPV), may be set up in France to facilitate trade with Tehran.
IFP Exclusive

Saffron Harvest Season Begins in Iran

Seyedeh Maryam Hosseini Lahijani -
Iranian saffron farmers have started harvesting their products since a few days ago, when the harvest season started across Iran, the top exporter of the Red Gold.
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