July 29, 2018

Iran, Syria to ink MOU on strategic economic co-op

TEHRAN – Tehran and Damascus are going to sign a memorandum of understanding (MOU) for strategic economic cooperation in near future aiming at developing trade ties between the two sides, the portal of Tehran Chamber of Commerce, Industries, Mines and ...
July 29, 2018

Venture Capitals in Iran’s Legal System – Part 3

In a four-part series, this article looks at the history of Iran’s venture capitals, its legal framework and related issues. The following is the third part of this series.

The post Venture Capitals in Iran’s Legal System – Part 3 appeared first on TechRasa.

July 29, 2018

Video: Iran Currency Halves in less than a Year

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The value of the Iranian Rial has halved in less than a year. There have been further threats to the economy posed by the imposition of US sanctions and the loss of oil […]
July 29, 2018

Iran Joins Club of Gas Odorant Producers

Iran has joined France and Russia as the third producer of gas odorant, mercaptan, an official said. Mercaptan is used in the natural gas industry as an odorant, due to its ideal compatibility with methane. Its characteristic “rotten eggs” smell is widely known by natural gas customers as an indicator of a possible gas leak, […]
July 28, 2018

Infrastructure projects worth $1.5b to be implemented in Maku Free Zone

TEHRAN- Several MOUs on implementation of 160 infrastructure projects in Maku Free Trade and Industrial Zone, Iran's largest free trade zone, was signed during the national conference on investment opportunities in this free zone in northwest of the co...
July 28, 2018

Non-oil exports up 14.6% in 4 months on year

TEHRAN- Iran exported $15.45 billion of non-oil products during the four-month period from March 21 to July 22, with 14.69 percent rise from $13.471 billion in the same time span of the past year, according to Islamic Republic of Iran Customs Administr...
July 28, 2018

Iran’s 3-month exports to Azerbaijan up 70% yr/yr

TEHRAN- Iran’s exports to Azerbaijan stood at $14 million during the three-month period from March 21 to June 21, with 70 percent rise from the figure of the same period of time in the past year, the chairman of Iran-Azerbaijan Joint Chamber of Commerc...
July 28, 2018

Guaranteed price for electricity generated by renewable-energy power plants

TEHRAN- According to an announcement by Iran's Power Generation and Distribution Company (known as TAVANIR), power distribution companies can purchase the electricity generated by renewable energy power plants at guaranteed price.
July 28, 2018

Persian Gulf Star Refinery’s daily output hits 26m liters

TEHRAN- Daily gasoline production in Persian Gulf Star Refinery (PGSR) has increased 2 million liters to stand at 26 million liters, Mohammad-Ali Dadvar, the managing director of refinery, told Shana news agency.
July 28, 2018

Exports from PSEEZ up 22% in 4 months yr/yr

TEHRAN- The value of exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh reached $5.609 billion in the first four months of the current Iranian calendar year (March 21-July 22, 2018), a 22 percent rise f...
July 28, 2018

Iran to Enforce Personal Data Protection and Privacy Bill

With Iran’s new data protection and privacy regulation being implemented, Iranian and foreign servers that keep the information of the citizens will be counted responsible for the users’ information.

The post Iran to Enforce Personal Data Protection and Privacy Bill appeared first on TechRasa.

July 28, 2018

Imam Khomeini Airport City expanded with 8 development projects

TEHRAN – Eight development projects were inaugurated at Iran’s Imam Khomeini Airport City (IKAC) on Thursday to further expand the capital city’s primary international airport, IRIB reported.
July 28, 2018

Inflation rate at 10.2%: CBI

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate in the twelve-month period ended on July 22, which marks the end of the Iranian calendar month of Tir, stood at 10.2 percent, Tasnim news agency reported.
July 28, 2018

TEDPIX gains 1024 points in a week

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) increased 1029 points or 0.9 percent during the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, Tasnim news agency reported.
July 28, 2018

Investment contracts worth $42.5m signed on development of Chabahar Port

TEHRAN- Some four investment contracts, at the value of 1.83 trillion rials (about $42.5 million) on expansion of the southwestern Iranian port of Chabahar were signed on Thursday, IRNA reported.
July 28, 2018

Beijing to Continue Trade with Tehran

China’s Commerce Ministry declared on Thursday that Beijing is consistently opposed to the United States’ unilateral sanctions against Iran and intends to continue its trade cooperation with the country under its international commitments. The Chinese ministry spokesperson Gao Feng, during a briefing commented on Iran’s complaint against the United States to the International Court of […]
July 28, 2018

MAPNA Ready to Replace Total in South Pars

Iranian holding company MAPNA Group voiced readiness to take over a project on development of the country’s South Pars gas field as French company Total has backed out of its contract with Iran for fear of the US sanctions. In an interview with Tasnim, CEO of MAPNA Abbas Aliabadi said his holding is prepared to […]
July 27, 2018

Iran providing insurance for oil shipments to India

TEHRAN - Iran is providing insurance for oil shipments to India operated by National Iranian Tanker Company (NITC), Reuters reported citing industry sources. This decision came after some local insurers stopped providing the service in the face of imp...
July 27, 2018

Iran planning to launch its cryptocurrency to bust U.S. sanctions

Iran is moving ahead with a plan to introduce a national cryptocurrency, partly as a way of busting U.S. sanctions.
July 27, 2018

Iran, Russia Discuss Energy Cooperation

Iranian Oil Minister Bijan Zangeneh and Russian Energy Minister Alexander Novak held a meeting in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said. The two ministers also discussed the possibility of Russian oil companies taking part in projects in Iran, the ministry said in a […]