August 1, 2018

1st intl. paper products expo inaugurated in Tehran

TEHRAN- The First International Specialized Exhibition of Paper, Cardboard Cellulose Products and Related Machinery (PCCM 1397) became operational on Wednesday at the Tehran Permanent International Fairground, IRIB reported.
August 1, 2018

Iran’s average oil export rises 185,000 bpd in 4 months compared to past year

TEHRAN – Iran exported 2.3 million barrels per day (bpd) of oil on average during the first four months of the current Iranian calendar year (March 21-July 22, 2018), an 185,000 barrels increase from the average daily exports in the whole of last year.
August 1, 2018

CBI accepts parliament’s plan on reinforcing secondary market

TEHRAN- After three months of incessant negotiations, the government and Central Bank of Iran (CBI) have accepted to adopt suggested policies of the parliament’s economic committee in foreign currency market, head of monetary and banking committee of t...
August 1, 2018

TEDPIX still in rising trend

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 4,413 points to 121,173 on Tuesday.
August 1, 2018

4,600 small, medium-sized units under construction in industrial parks

TEHRAN- Some 4,600 small and medium-sized units are under construction in industrial estates of the country, Iranian deputy industry minister announced.
August 1, 2018

Boosting renewable capacity, the key to resolve Iran’s power problems: report

TEHRAN - Iranian energy experts and scholars believe that increasing the country’s renewable power capacity is the cheapest and fastest way to supply electricity needs in the future, IRNA reported.
August 1, 2018

Trump “would Meet Rouhani Without Preconditions”

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. US President Donald Trump surprised everyone by saying he was ready to meet Iranian President Hassan Rouhani at any time, without preconditions. The two leaders have been in an escalating war of words […]
August 1, 2018

Cabinet Appoints New CBI Chief

Abdonnaser Hemmati was appointed as the new governor of the Central Bank of Iran (CBI), replacing Valiollah Seif, after the Iranian cabinet gave him a vote of confidence. In their meeting on Wednesday, the cabinet members also expressed their gratitude to Seif for his efforts during his term in office. During the session, President Hassan […]
July 31, 2018

2 Iranian banks to open branches in India soon

TEHRAN- Iran’s Bank Pasargad and Saman Bank will open two branches in India in the near future, the head of Iran-India Joint Chamber of Commerce told ILNA.
July 31, 2018

Westminster Group seeks Solution to Remain in Iran

By John Lee. UK-based supplier of managed services and technology-based security solutions has said it is seeking a solution that would allow it to remain in the Iranian market. In a statement to the markets on Tuesday, Westminster Group said: “On the 10 May 2018 the Company announced that its major long term managed services contract […]
July 31, 2018

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: ICLA Assistant, Norwegian Refugee Council (NRC) Education Officer, Norwegian Refugee Council (NRC) Finance Coordinator, Norwegian Refugee Council (NRC) Logistics Assistant, Norwegian Refugee Council (NRC) Logistics Officer, Norwegian Refugee Council (NRC) Various Technical Positions, FAO – Food and Agriculture Organization of the United Nations General […]
July 30, 2018

Oil Ministry imposing 4-year service term limit for top directors

TEHRAN- According to a new order by Iran’s Oil Minister Bijan Namdar Zanganeh, a four-year service term limit will be imposed for the ministry’s senior directors since October 23, Shana news agency reported.
July 30, 2018

TSE index hits a new record

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 2,903 points to hit the highest-ever record of 116,756 points on Monday, IRNA reported.
July 30, 2018

Minerals, mining exports rise 16% in a quarter on year

TEHRAN- Iran’s minerals and mining exports stood at $2.839 billion in the first quarter of the current Iranian calendar year (March 21-June 21), registering 16 percent growth in comparison with the same time span in the previous year, according to data...
July 30, 2018

Over 199,000 vehicles to be scrapped by March 2021

TEHRAN – Iran is going to rejuvenate its transport body by scrapping more than 199,000 vehicles by the end of the Iranian calendar year of 1399 (March 20, 2021), IRIB reported on Monday.
July 30, 2018

Iran, Azerbaijan determined to expand transport co-op

TEHRAN – Iran and Azerbaijan’s transport ministries stressed their determination for removing barriers in the way of expanding mutual cooperation, the portal of Iranian Transport Ministry reported.
July 29, 2018

5-year tax exemption for job creating units in rural areas

TEHRAN- Job creating units in the rural areas are to be exempted from paying tax for five years and the time would be extended up to 10 years for those in deprived areas, Abolfazl Razavi, the vice president for rural development and deprived areas, ann...
July 29, 2018

‘U.S. sanctions not to impede Iran-Russia railway cooperation’

TEHRAN- Hossein Ashouri, deputy head of Islamic Republic of Iran Railways (known as RAI) announced that U.S.-led sanctions have never been influential on expansion on Iran’s railway cooperation with Russia and the country will continue to develop its c...
July 29, 2018

Rouhani declares amended law on Article 44 of Iran’s Constitution

TEHRAN – President Hassan Rouhani wrote to Ministry of Finance and Economic Affairs declaring a law passed by the Iranian parliament on amending the law on implementation of the general policies of the Article 44 of Iran's Constitution, IRNA reported o...
July 29, 2018

Iran’s 6-month crude steel output up 25% yr/yr: WSA

TEHRAN- Production of crude steel in Iran stood at 12.516 million tons during the first six months of 2018, indicating 25.8 percent rise from 9.947 million tons in the same period of time in 2017, according to World Steel Association (WSA).