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

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.
IFP Exclusive

Iran Calls for Promotion of Business Ties with Georgia

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif says Iran and Georgia must boost their bilateral relations in all areas, particularly in the economic field.
IFP Exclusive

Iran’s Share in Global Saffron Trade Stands at 96%: VP

IFP Editorial Staff -
Iran’s Vice-President for Science and Technology Sorena Sattari has hailed the country’s huge share in saffron business across the world.
IFP Exclusive

Iran Cannot Be Ignored on Global Oil Market: Minister

IFP Editorial Staff -
Iran’s oil minister says the Islamic Republic is a country which cannot be ignored on the global energy market.
IFP Exclusive

23rd Edition of Iran Oil Show Kicks Off in Tehran

IFP Editorial Staff -
The 23rd International Oil, Gas, Refining and Petrochemical Exhibition of Iran has kicked off in the Iranian capital Tehran.
IFP Exclusive

Philip Morris to Produce Marlboro Cigarettes in Iran

IFP Editorial Staff -
Iran and the American cigarette and tobacco manufacturing company Philip Morris have finally signed a Memorandum of Understanding on official imports and the joint production of Marlboro cigarettes in Iran.
IFP Exclusive

Iranian Customs in Photos: Football Match in Rice Farms

IFP Editorial Staff -
Before the season of planting rice in Gilan Province, northern Iran, people hold football matches in muddy farms to prepare for a new agricultural season.
IFP Exclusive

Iran Capable of Producing Quality Goods despite Sanctions: Leader

IFP Editorial Staff -
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has hailed Iranian producers and workers for their being able to produce high-quality products despite international pressure and sanctions on the Islamic Republic of Iran.
IFP Exclusive

Riyadh to Fund, Taliban to Protect TAPI Gas Pipeline

IFP Editorial Staff -
While Iranian officials maintain that it is unlikely the Turkmenistan–Afghanistan–Pakistan–India (TAPI) pipeline project becomes operational, Saudi Arabia has pledged to provide its investment and Taliban militants vowed to secure it.
Media Wire

Iran, Turkey to Integrate Bank Cards

IFP Media Wire -
Following a national currency swap deal that was recently implemented, Iran and Turkey are now pursuing the integration of bank cards in a move aimed at helping the massive flow of tourists traveling between the two nations.
IFP Exclusive

Iran Develops Its Own Digital Currency

IFP Editorial Staff -
Iran says an experimental model of an Iranian cryptocurrency has been developed based on the block-chain technology, and can significantly facilitate financial transactions in the country when created.
IFP Exclusive

Real Madrid, Barcelona Football Clubs Wearing Shirts Made of Iranian Cotton

IFP Editorial Staff -
Did you know that shirts worn by your favourite football clubs could be manufactured with cotton produced using nanotechnology in Iran?
IFP Exclusive

Iranian Airlines Sign Deal to Buy 40 Russian Planes

IFP Editorial Staff -
Two Iranian airlines have signed separate Memorandums of Understanding with Russia’s major aircraft manufacturer Sukhoi to purchase 40 Sukhoi Superjet 100 passenger planes.
IFP Exclusive

Iran Says Turkey’s GAP Project Destroys Regional Ecosystem

IFP Editorial Staff -
An Iranian lawmaker has warned about the destruction of regional ecosystem by Turkey’s GAP (South Eastern Anatolian) Project, saying that the dam construction project is a Zionist plot.
Media Wire

Iran to Use Qatar, Instead of UAE, as Its Hawala Trade Hub

IFP Media Wire -
Iran will use Qatar to facilitate payment orders in foreign currencies, phasing out such operations in Dubai where restrictions imposed by the UAE government are making financial transactions difficult.
IFP Exclusive

Iran to Build Passenger Vessels to Boost Marine Tourism

IFP Editorial Staff -
The Islamic Republic of Iran is to produce different types of passenger vessels to further develop marine tourism in its northern and southern bodies of water.
IFP Exclusive

Iraq Major Customer of Iran’s Medicinal Herbs

IFP Editorial Staff -
Iran exports large quantities of medicinal herbs to neighbouring Iraq as part of plans to diversify the country’s sources of income.
IFP Exclusive

Iran Designs System to Inspect Airbus A320’s Landing Gear

IFP Editorial Staff -
Iranian engineers have managed to design and manufacture a homegrown system to check the landing gear of Airbus A320.
IFP Coverage

Why Are Citizen Investment Programs Valuable?

IFP Editorial Staff -
Citizen Investment Programs have turned into a popular option for people across the world, especially for business travellers who don’t have to wait for weeks or months for the visa to be approved.
IFP Exclusive

Unification of Forex Rates Pre-Emptive Response to US Plot: Iran

IFP Editorial Staff -
Iranian President Hassan Rouhani has defended his government’s plan to unify official and free market exchange rates for the Iranian currency rial against the US dollar, saying it foiled a plot hatched by Washington to foment economic instability in Iran.
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