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Iran Business Related News

  • CEO of IOTC Appointed
    Masoud Karbasian, the National Iranian Oil Company (NIOC) CEO, has appointed Abbas Asadrouz as the new CEO of the Iranian Oil Terminals Company (IOTC). The official issued separate decrees appointed Asadrouz as the vice-chairman of the company’s board of directors as well. Karbasian also issued a decree based on which he appointed Soltan Kamali as […]
  • Renault to Return to Iran: Deputy Minister
    An Iranian deputy minister said French carmaker Renault SA will return to Iran after it halted cooperation with Iranian companies under the US sanctions. In comments on Thursday, Deputy Minister of Industry, Mines and Trade Farshad Moqimi said Renault has made an investment of $1 billion in Iran. “Following the negotiations and consultations that have […]
  • Mechanism Commensurate with INSTEX “to be Established Soon”
    Iran’s Mechanism Commensurate with INSTEX to Be Established Soon: CBI Chief Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said a mechanism commensurate with the European Union’s mechanism for trade with Iran, known as the Instrument in Support of Trade Exchanges (INSTEX), will be established in the country soon. “In the talks that […]
  • New Career Opportunities in Iran
    By John Lee. The United Nations has advertised new jobs in Iran: Staff Assistant, ESCAP – Economic and Social Commission for Asia and the Pacific Programme Officer, ESCAP – Economic and Social Commission for Asia and the Pacific Administrative Assistant, ESCAP – Economic and Social Commission for Asia and the Pacific International Consultancy Services as a […]
  • Sanctions on Iran have negative effects on energy markets: Novak
    TEHRAN - Russian Energy Minister Alexander Novak said the U.S. sanctions on Iran and Venezuela are having a negative impact on global energy markets.
  • European nations eager to join INSTEX: Belgian official
    TEHRAN – The Belgian embassy’s commercial attaché to Tehran said European countries are willing to join the financial mechanism with Iran known as Instrument in Support of Trade Exchanges (INSTEX), the portal of Iran Chamber of Commerce, Industries, Mi...
  • Iran, China holding joint economic committee meeting
    TEHRAN – Iran and China are holding their 17th joint economic committee meeting in Beijing, exploring avenues to expand bilateral relations in a wide range of areas.
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