August 24, 2018

UK Company Pulls Out of EUR500m Solar Investment

The recently imposed US sanctions on Tehran has led to British renewable energy investor Quercus stopping to build a 500 million euro ($570 million) solar power project in Iran. The solar plant in Iran would have been the first renewable energy investment outside Europe by Quercus and the world’s sixth largest, with a 600 megawatt […]
August 23, 2018

Closer Cooperation between Iraq and Iran

Iran Eyes Closer Cooperation with Iraq after Formation of New Gov’t Iranian Foreign Ministry Spokesman Bahram Qassemi hailed the growing relations with Iraq and said Tehran plans to boost its cooperation with Baghdad after a new government is formed in the Arab country. “Our relationship with Iraq as a neighboring country is good and there […]
August 23, 2018

Turkey “Not to Comply” with US Sanctions against Iran

Turkish Ambassador to Tehran Hakan Tekin deplored the US renewed sanctions against the Islamic Republic as illegal, saying his country will not comply with the move. “We will do our best to prevent Tehran-Ankara relations from being affected by the US sanctions against Iran,” Tekin who was in Ankara to attend at the 10th annual […]
August 22, 2018

Pompeo announces Creation of Iran Action Group

US Secretary of State Mike Pompeo has announced the creation of the Iran Action Group. In a briefing Mr Pompeo said: The Iran Action Group will be responsible for directing, reviewing, and coordinating all aspects of the State Department’s Iran-related activity, and it will report directly to me. For nearly 40 years, the regime in […]
August 22, 2018

German Rail, Telecom Operators End Iran Projects

German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States. New US sanctions against Iran took effect last week and several European companies have suspended plans to invest […]
August 22, 2018

Tehran scores 4th Biggest Improvement in ‘Liveability’

By John Lee. Iranian capital Tehran has ranked as the city with the fourth biggest improvement in its ‘Liveability’, according to a report from the The Economist Intelligence Unit (The EIU). In the latest Global Liveability Index Vienna topped the list, with Syrian capital Damascus coming last. Published by The Economist Intelligence Unit (The EIU), the […]
August 21, 2018

Iran, Sanctions and Iraq: The Bigger Picture

By Ahmed Tabaqchali. Originally published by Iraq in Context; re-published by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Current analysis of renewed Iran sanctions often overlooks the wider context of Iraq’s regional trading relations.  The extent of Iraq’s compliance with […]
August 21, 2018

Total Pulls Out of Iran Gas Deal: Zanganeh

Iranian Minister of Petroleum Bijan Zanganeh said France’s energy major Total had official pulled out of the development project of phase 11 of the supergiant South Pars Gas Field. According to ICANA, Iranian parliament’s official news website, Mr. Zanganeh said that the French company had announced its plans to withdrawn from the project two months […]
August 21, 2018

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Programme Assistant, UNICEF – United Nations Children’s Fund Innovation Fund sourcing Intern, UNICEF – United Nations Children’s Fund National Consultant on Livelihood, FAO – Food and Agriculture Organization of the United Nations Communications Assistant, WFP – World Food Programme (Source: UN) (Picture: Success, growth, […]
August 20, 2018

China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Company (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States.
August 20, 2018

Daily gasoline output to reach 100m liters within 3 months

TEHRAN- Gasoline production in Iran will be increased by 12 million liters to hit 100 million liters per day within the next three months, according to the chairman of the Association of Iranian Refining Companies.
August 20, 2018

Secondary forex market witnessing smoother deals: CBI governor

TEHRAN- A smoother trend of deals is being seen in the secondary foreign currency market, according to Abdolnaser Hemmati, the governor of Central Bank of Iran (CBI).
August 20, 2018

France’s Total officially leaves South Pars deal: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that France’s Total has officially withdrawn from South Pars gas deal, Iranian state TV reported.
August 20, 2018

Iran to build 50,000-ton oil terminal at Chabahar port

TEHRAN – Iran is going to construct a new oil terminal with a capacity of 50,000 tons at its southeastern Chabahar Port, Shana reported on Monday quoting an oil official.
August 19, 2018

Over $595m allocated for developing oil-rich regions

TEHRAN – National Iranian Oil Company’s director for supervision of construction projects said the oil ministry has allocated 25 trillion rials (about $595.2 million) for development of oil-rich regions.
August 19, 2018

Iran’s 4-month exports to Pakistan up 66% yr/yr

TEHRAN – Iran exported some $377 million worth of goods to Pakistan in the first four months of the current Iranian calendar year (March 21-July 22), a 66 percent rise from $277 million for the last year’s same period, IRIB reported on Sunday.
August 19, 2018

Iran-Kazakhstan trade up 77% in H1

TEHRAN – The value of trade between Iran and Kazakhstan increased by 77 percent in the first six months of 2018 compared to the same period last year, IRNA reported on Sunday quoting Iranian ambassador in Astana as saying.
August 19, 2018

TEDPIX up 35.5% since March

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has risen 35.5 percent since the beginning of current Iranian calendar year (March 21, 2018), Tasnim news agency reported on Sunday.
August 19, 2018

Intl. coffee festival running in Tehran

TEHRAN- Iran International Coffee Festival started operation on Sunday at Tehran Municipality’s Specialized Exhibitions Permanent Center, Goftogoo Park, IRIB reported.
August 19, 2018

Other oil producers may find it hard to offset any cut in Iran’s oil exports

Recent statements of President Donald Trump suggest that the U.S. may impose tough sanctions on oil exports from Iran.