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

Iranian MPs Push for Cabinet Reshuffle amid Devaluation of National Currency

IFP Editorial Staff -
A huge number of parliamentarians sent an open letter to President Hassan Rouhani calling on him to immediately reshuffle his Cabinet to control a dramatic decline in the value of rial that has depressed markets in recent days.  
IFP Exclusive

Iranshahr Market; A Bazaar Well-Known for High-Quality Fabrics

IFP Editorial Staff -
The market of Iranshahr, a city in Sistan and Baluchestan Provonce, is a hot tourist attraction in south-eastern Iran.
IFP Exclusive

Nanotechnology Exhibition to Bring World’s Leading Firms to Tehran

IFP Editorial Staff -
The 11th edition of Tehran Nanotechnology Exhibition will be held from October 13 to 16, 2018, in the Iranian capital, putting on display the world’s latest achievements in the field of nanotechnology.
Media Wire

Calm Restored to Bazaar of Tehran after “Guild-Related” Protests

IFP Media Wire -
The Secretary general of the Islamic Society of Tehran Guilds and Bazaar says calm has returned to the Grand Bazaar of Tehran after a few hours of guild-related protests earlier today.
IFP Exclusive

Iran Hails OPEC’s Decision to Stick to 2016 Agreement

IFP Editorial Staff -
Iran’s Oil Minister Bijan Zanganeh says the member states of the Organization of the Petroleum Exporting Countries (OPEC) have unanimously decided to stick to their earlier agreement on oil output.
IFP Exclusive

Iran Ready to Launch Joint Iranian-Syrian Bank

IFP Editorial Staff -
Governor of the Central Bank of Iran Valiollah Seif says Tehran is keen and prepared to launch a joint bank with Syria as part of its policy of expanding business ties with Damascus.
IFP Exclusive

Iran against Boost in OPEC Crude Oil Output: Minister

IFP Editorial Staff -
Iran’s petroleum minister says the country sees no need for the OPEC member states to boost their oil production, as Tehran believes the recent hike in global oil prices has its roots in political tensions and not any imbalance in the market.  
IFP Exclusive

Russia to Make $50 Billion Investment in Iran’s Oil Industry

IFP Editorial Staff -
Russian officials have officially expressed their intention to make a $50 billion investment in Iran’s oil industry, a media report says.
IFP Exclusive

Iran, Switzerland Sign Railway Agreement

IFP Editorial Staff -
The Islamic Republic of Iran Railways Company has signed a memorandum of understanding with Matisa, a Swiss railway firm, for the construction and repair of railway tracks and machines in Iran.
IFP Exclusive

Iran Says OPEC Must Resist Trump’s Calls for Output Changes

IFP Editorial Staff -
Iranian Oil Minister Bijan Zanganeh has called on the Organization of the Petroleum Exporting Countries to resist calls from Washington to change its output policies, saying that OPEC is not a subordinate of the White House.
IFP Exclusive

Iran Vows to Stand by Syria during Reconstruction Era

IFP Editorial Staff -
Es’haq Jahangiri, Iran’s First Vice President, says the Islamic Republic will continue to stand by the Syrian government and nation during their reconstruction era.
Media Wire

French Firms Can’t Stay in Iran, Minister Says

IFP Media Wire -
France’s finance minister says Europe has to build independent financial institutions immunized from US penalties which are making business in Iran impossible for European companies.
IFP Exclusive

Iranian Minister Urges FIFA to Pay Its Frozen Money

IFP Editorial Staff -
Iran’s Minister of Sports and Youth Affairs Massoud Soltanifar has called on the Federation Internationale de Football Association (FIFA) to release the Islamic Republic’s frozen money as soon as possible.
IFP Exclusive

Iran’s Exports to US Increase by 450 Percent

IFP Editorial Staff -
New figures reveal that the volume and value of Iran’s exports to the US has increased by 450 percent and 333 percent respectively.
IFP Exclusive

Renault to Stay in Iran despite US Sanctions: CEO

IFP Editorial Staff -
Renault says it will stay in Iran despite the fresh sanctions that the US is planning to impose on the Islamic Republic.
IFP Exclusive

Enemy Plotting to Exert Economic Pressure to Disappoint Iranians: Leader

IFP Editorial Staff -
The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says the enemies’ major conspiracy is to put Iranian people under economic pressure to frustrate them.
IFP Exclusive

Iran Ready to Offer Technical, Engineering Services to DR Congo

IFP Editorial Staff -
Iran’s Deputy Foreign Minister Morteza Sarmadi says Iranian companies are ready to participate in energy and power projects in the DR Congo.
Media Wire

MP Calls for Punishment of Foreign Firms Leaving Iran

IFP Media Wire -
A member of Iranian Parliament Economic Commission says the foreign companies which have decided to leave Iran in the wake of the US withdrawal from the Iran nuclear deal should be punished.
IFP Exclusive

Iran President Issues Orders to Push Down Soaring Prices

IFP Editorial Staff -
Iran’s President Hassan Rouhani has ordered relevant organizations to adopt appropriate measures to push down the soaring prices of goods in the country.
IFP Exclusive

Selling Cranberry Kernels: A Strange but Profitable Job

IFP Editorial Staff -
An Iranian man has landed himself a job that seems to be strange at first glance, but has so far helped him earn a good amount of money.
IFP Exclusive

IRGC’s Construction Base Ready to Work with Foreign Investors

IFP Editorial Staff -
The commander of Khatam al-Anbia Construction Base says the IRGC-affiliated conglomerate is prepared to work with foreign investors who are willing to fund Iranian construction projects.
IFP Exclusive

Iran, China to Use National Currencies in Trade Transactions

IFP Editorial Staff -
The Iranian minister of finance and economic affairs says Iran and China have agreed to use the national currencies of both countries in their trade transactions.
IFP Exclusive

Tehran, New Delhi Set to Boost Strategic Ties

IFP Editorial Staff -
Iranian President Hassan Rouhani and his Indian counterpart Narendra Modi have sat for talks on promotion of all-out ties between the two countries.
Media Wire

Araqchi Assures MPs that Joining FATF Won’t Pose Security Threat to Iran

IFP Media Wire -
Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi said the country’s membership in the Financial Action Task Force (FATF), the policy-making body of the international financial system, would not pose any security threat to the Islamic Republic.
IFP Exclusive

Iranian Mango Pickle; A Marvellous Mixture of Flavours

IFP Editorial Staff -
Mango is a sensuous, juicy, exotic fruit, and one of the most popular tropical ones in many countries, including Iran. The unripe fruit tastes tart and is used for producing pickles and sauces, among other foods.
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