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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.

Media Wire

Tough Days ahead of Iran’s Civil Aviation: Iran Air CEO

IFP Media Wire -
Head of Iran’s flag carrier Iran Air voiced concern about looming problems for the Iranian flights at the foreign airports as the planes are going to be refused fuel under new sanctions.
IFP Exclusive

Signing LC Deal to Help Expand Iran-Italy Relations: Rouhani

IFP Editorial Staff -
Iran’s President Hassan Rouhani says a line of credit agreement between Tehran and Rome can pave the way for operationalisation of documents earlier signed between the two countries.
IFP Exclusive

Minister Vows to Prevent Plunge in Iran’s Oil Exports

IFP Editorial Staff -
Iran is investing efforts to maintain its oil production and exports at current levels following the US pull-out from the nuclear pact that is to restore US anti-Iran sanctions, the petroleum minister said.
IFP Exclusive

“Drop in Lira’s Value Due to Turkish Economy’s Dependence on Foreign Assets”

IFP Editorial Staff -
A senior Iranian official says the Turkish economy's dependence on foreign capital is to blame for a drop in the value of its currency.
IFP Exclusive

Iran, India Resolved to Expand Ties despite US Sanctions

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif has described his visit to India as fruitful saying he held productive meetings with Indian official.
IFP Exclusive

China to Make $2bn Investment in Iranian Oil Refinery

IFP Editorial Staff -
A Chinese company is set to build an oil refinery in Iran’s northern province of Mazandaran with a $2 billion investment.
IFP Exclusive

Iran’s Gas Condensates Exports Up %150 since US JCPOA Withdrawal

IFP Editorial Staff -
Iran’s exports of gaseous condensates have risen considerably following the US withdrawal from the Iran nuclear deal.
IFP Exclusive

Qatar Bans Citizens from Buying, Selling Saudi-Made Goods

IFP Editorial Staff -
The Qatari government has banned its citizens from buying or selling goods made in a Saudi-led group of countries that maintain a blockade on the country, in a move that further shatters hopes for the settlement of the political crisis.
IFP Exclusive

Attempt to Hijack Passenger Plane Flying over Iran Fails

IFP Editorial Staff -
An attempt to hijack a passenger plane flying from the UAE’s Dubai to the Afghan capital of Kabul has been foiled.
IFP Exclusive

“US Sanctions on Iran’s Bank Chief Break Int’l Rules”

IFP Editorial Staff -
Iran’s foreign ministry has condemned the US sanctions against the Iranian bank chief, saying that the government and Central Bank of Iran reserve the right to adopt all legal and political solutions to counter the US Treasury Department’s move.
IFP Exclusive

“Iran Must Prepare Itself for All-Out Economic War”

IFP Editorial Staff -
Mohammad Javad Larijani, a senior and influential politician, says the Iranian government must prepare itself for a full-scale economic war waged by the US.
IFP Exclusive

“US Targeting Iran’s Achilles’ Heel to Curtail Its Regional Influence”

IFP Editorial Staff -
A political commentator says Washington’s pullout from the Iran nuclear deal and re-imposing sanctions were basically aimed at cutting back Tehran’s influence in the Middle East.
IFP Exclusive

Railway Electrification Project in Iran Not Subject to US Sanctions: Russia

IFP Editorial Staff -
The state railroad company Russian Railways says its project to electrify an Iranian railway is completely civilian and not subject to US sanctions.
IFP Exclusive

European Car Manufactures to Remain in Iran despite US Bans

IFP Editorial Staff -
Informed sources say European carmakers like Peugeot, Citroen and Renault will continue their operation in Iran despite the upcoming re-imposition of US sanctions.
IFP Exclusive

Iran-EU Joint Committee to Address Oil Trade Problems

IFP Editorial Staff -
EU Commissioner for Energy and Climate Miguel Arias Canete says Iran and the EU will form a joint working group to address challenges confronting Iran’s oil trade.
IFP Exclusive

Europe to Open Channel to Facilitate Iran Banking Transactions: Official

IFP Editorial Staff -
Europe is seeking to open up a banking channel to allow conduction of transactions with Iran, as part of measures to protect European companies doing business in Iran against Washington’s move to re-impose anti-Tehran sanctions, an Iranian official said.
IFP Exclusive

Strawberry Festival; Rural Party to Celebrate Good Harvest

IFP Editorial Staff -
The sixth edition of the Strawberry Festival was recently held in Golestan province in northeastern Iran, giving the farmers and their families an opportunity to celebrate their spring harvest and pray for a more fruitful year.
Media Wire

Eurasian Economic Union to Create Free Trade Zone with Iran

IFP Media Wire -
The Russia-led Eurasian Economic Union (EEU) trade bloc plans to hold talks with Iran over a free trade zone.
IFP Exclusive

Iran, France Establish Mideast’s Largest Blood Bag Factory

IFP Editorial Staff -
In a project financed by France, Iran has established the largest blood bag manufacturing factory in the Middle East, creating at least 200 new jobs, said the Director General of Iran Blood Transfusion Organization.
IFP Exclusive

UK Signs First Int’l Oil Deal with Iran after US Withdrawal from JCPOA

IFP Editorial Staff -
The British consortium Pergas has signed the first international oil contract with Iran after US President Donald Trump unilaterally withdrew the US from the Iran nuclear deal.
Media Wire

Chinese Firm May Replace Total If It Exits Iran

IFP Media Wire -
Iranian Oil Minister Bijan Zanganeh says if French energy giant Total decides to exit the Iran South Pars 11 (SP11) gas field development, a Chinese company is ready to replace it.
IFP Exclusive

India to Study Construction of Ferroalloy Plant in Iran

IFP Editorial Staff -
India is to conduct a feasibility study for the construction of an alloy-producing company in southern Iran.
IFP Exclusive

Iran Limits Foreign Currency Allocated to Those Travelling Abroad

IFP Editorial Staff -
As part of its plans to control the ongoing crisis in the country’s forex market, the Iranian government has restricted the amount of foreign currency allocated to Iranian tourists travelling abroad.
Media Wire

Iran Can Cooperate with Turkmenistan in Construction Projects

IFP Media Wire -
Iranian President Hassan Rouhani called for the implementation of bilateral agreements with Turkmenistan, voicing Iran’s readiness to carry out road construction projects in the neighboring country and supply it with technical and engineering services.
Media Wire

US Exit from JCPOA Not to Cause Any Problem for Iran Economy: Central Bank

IFP Media Wire -
The central bank of Iran dismissed concerns about the negative consequences of the US withdrawal from the 2015 nuclear deal, saying it has already devised plans to prevent any harm to the country’s banking system and to satisfy demands for hard currency.
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