August 9, 2018

Intl. auto expo running in Mashhad

TEHRAN – The 18th edition of International Exhibition of Automobile and Relate Industries (Iran Motor Show 2018) kicked off on Tuesday at the northeastern city of Mashhad, IRNA reported.
August 9, 2018

Iranian oil exports to China, India surge in July despite U.S. sanctions

TEHRAN – Iranian crude oil loadings to China and India increased significantly in July compared to the previous month despite U.S. threats, a Platts survey showed. According to Platts data, Shipments to china were 799,452 barrels per day (bpd) in July...
August 9, 2018

Turkey sticks with Iranian gas despite U.S. sanctions, energy minister says

TEHRAN - Turkey’s energy minister said on Wednesday that his country will continue to buy natural gas from Iran despite U.S. sanctions, Reuters reported.
August 9, 2018

Non-oil exports to Indonesia rise 86% in a quarter on year

TEHRAN- The value of Iran’s non-oil exports to Indonesia during the three-month period from March 21 to June 21 stood at $250 million, increasing 86 percent compared to the same period of time in the past year, according to Iran’s commercial attaché to...
August 9, 2018

Forex shops resume operation

TEHRAN- Foreign currency exchange shops officially became operational on Wednesday as part of Central Bank of Iran (CBI)’s new foreign currency package implemented since Tuesday, ISNA reported.
August 9, 2018

China defends Iran business ties after Trump threat

China’s business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after U.S. President Donald Trump said companies doing business with Iran would be barred from the United States.
August 9, 2018

Scania ‘Working to Deliver Parts to Iran after Sanctions’

Scania’s entire sales into Iran could be lost if the United States reinstates sanctions against the country, the Swedish truckmaker’s head warned on Friday. CEO Henrik Henriksson said Scania, which was one of the first truck companies to return to Iran after anti-Tehran sanctions were lifted in early 2016, had canceled all orders that it […]
August 9, 2018

Video: Why one French Company won’t Leave Iran

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The US sanctions on Iran are forcing many European companies to rethink their investment plans. But some small businesses are choosing to deal with Iranians, rather than Americans. Al Jazeera‘s David Chater went […]
August 8, 2018

EU: Encouraging Trade with Iran Crucial to JCPOA

The European Union Foreign Policy Chief Federica Mogherini said the EU is encouraging enterprises to increase their business with Iran, as that country has been compliant with their nuclear-related commitments. Mogherini told reporters Tuesday during her trip to Wellington, New Zealand, that it is up to Europeans to decide whom they want to trade with. […]
August 8, 2018

Iran’s Labor Minister Loses Confidence Vote

Iranian lawmakers on Wednesday gave a vote of no confidence to Minister of Cooperative, Labor and Welfare Ali Rabiee, terminating the much-criticized minister’s term after five years in office. The labor minister was impeached for the second time in less than five months. He had survived a vote of no confidence on March 13. The […]
August 8, 2018

Video: Trump warns Iran’s Trade Partners

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Despite the threats from the United States, the European Union is encouraging member countries to do business with Iran. But the White House is counting on the power of its dollar to keep […]
August 8, 2018

Japan objects effect of U.S. sanctions on Iran on its energy supply

TEHRAN - Japan's Minister of Economy, Trade and Industry Hiroshige Seko said his country’s energy supply should not be affected by U.S. sanctions on Iran, Platts reported.
August 8, 2018

PMO offering best incentives for investment in ports

TEHRAN- Iran’s Ports and Maritime Organization (PMO) Managing Director Mohammad Rastad announced that his organization offers the best incentives to the investors who make investment in development of ports.
August 8, 2018

Over $4.7b of unfinished energy projects to be awarded to private sector

TEHRAN – Iran’s Energy Ministry is planning to award 52 unfinished water and electricity projects worth 200 trillion rials (over $4.76 billion) to the country’s private sector for completion, IRIB reported on Monday quoting the Energy Minister Reza Ard...
August 8, 2018

Trade between Iran, Oman rises 116% in 4 months yr/yr

TEHRAN- The value of trade between Iran and Oman rose 116 percent during the four-month period from March 21 to July 22, compared to the same period of time in the past year, according to Iran’s commercial attaché to Oman.
August 8, 2018

12% of NDF resources allocated to shield U.S. sanctions

TEHRAN- According to the latest decision of the heads of the three branches of government, 12 percent of Iran’s National Development Fund (NDF)’s financial resources will be granted to minimize the impacts of the newly re-imposed U.S. sanctions, IRNA q...
August 7, 2018

Swiss expect limited impact from U.S.-Iran sanctions

The re-introduction of economic sanctions against Iran by the United States is unlikely to have a major impact on Swiss businesses.
August 7, 2018

European companies can be protected from U.S. sanctions on Iran: UK minister

European companies can be protected from new U.S. sanctions on Iran, a junior British foreign minister said on Tuesday.
August 7, 2018

Startup Weekend Is Looking For Community Leaders In Iran!

Techstars is kicking off the biggest entrepreneurial celebration around the world – Techstars Global Startup Weekend 2018 which will be held from November 4 - 18. During this time, entrepreneurs from over 70 countries will come together, form teams and go from idea to product in just 54 hours.

The post Startup Weekend Is Looking For Community Leaders In Iran! appeared first on TechRasa.

August 7, 2018

Asian consortium to invest $7b in Iran’s petrochemical industry

TEHRAN – Iran’s National Petrochemical Company (NPC) has finalize an agreement with a consortium of companies from China and the Philippines for $7 billion worth of investment in Iran’s petrochemical industry, IRNA reported on Monday quoting an NPC off...