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Iran Business Related News
300MW to be added to Iran’s renewables capacity by March 2020
TEHRAN- Some 300 megawatts (MW) of new capacity will be added to Iran’s renewable power generation by the end of the current Iranian calendar year (March 19, 2020), IRNA reported on Wednesday, quoting Iranian energy minister as saying.
‘NIGC moving toward complete self-sufficiency in face of sanctions’
TEHRAN - Saied Pakseresht, director of research and technology at National Iranian Gas Company (NIGC), said the company is nearly self-sufficient in supplying all its needs.
Iran’s share of Iraqi market grows 40% in 3 months
TEHRAN – Iran’s share of the neighboring Iraq’s total foreign trade reached 21 percent in the first three months of the current Iranian calendar year (March 21-June 21), registering a 40 percent growth compared to the same period last year.
Renault regional sales drop drastically after exit from Iran
TEHRAN - French carmaker Renault sales in the Middle East and Africa region fell 27.7 percent largely as a result of Renault’s 2018 withdrawal from Iran under threat of U.S. sanctions, the company said in a statement on Tuesday.
CBI plans to channel liquidity into production: governor
TEHRAN- Central Bank of Iran (CBI)’s Governor Abdolnasser Hemmati said this bank has some plans for channeling the liquidity into production in a target-oriented way, ISNA reported on Wednesday.
‘Iran-Germany trade overshadowed by sanctions’
TEHRAN – Managing Director of Germany-Iran Chamber of Commerce and Industry (AHK Iran) said the current political situation (sanctions) is negatively affecting the economic relations between Iran and Germany.
Over $9b needed for completing semi-finished projects: industry min.
TEHRAN - Iranian Industry, Mining and Trade Minister Reza Rahmani said 390 trillion rials (nearly $9.3 billion) is required to finish unfinished projects with over 60 percent physical progress, Shata reported.