July 27, 2018

Report: Iran Increases Cyber Attacks on Germany

By John Lee. A report from the German intelligence agency is said to show that Iran has increase hack attacks on German computer systems. According to Reuters, the BfV report said numbers of cyber attacks thought to have originated in Iran had been rising since 2014, with a sharp increase last year. German Interior Minister […]
July 26, 2018

ICCS to allocate foreign currency at official rate for imports

TEHRAN- According the latest decision of officials from Iranian ministries of industry, agriculture, and health besides the Central Bank of Iran (CBI) and Islamic Republic of Iran Customs Administration (IRICA), the Integrated Comprehensive Customs Sys...
July 26, 2018

China keeps buying Iranian oil, and the trade war adds a reason to defy U.S. sanctions

China, the world’s top crude-oil buyer, imported around 718,000 barrels a day on average from Iran between January and May of this year, according to official Chinese customs data — equivalent to more than a quarter of Iran’s oil exports. China’s incre...
July 26, 2018

1000km of gas pipelines to join national network by Mar. 2019

TEHRAN- Some 1000 kilometers of new gas transferring pipelines will be connected to the national network of the country by the end of current Iranian calendar year (March 20, 2019), according to the managing director of Iranian Gas Engineering and Deve...
July 26, 2018

India’s activities in Iran’s Chabahar not affected by U.S. sanctions: official

TEHRAN - Chairman of Export Promotion Council for India’s EOUs and SEZs (EPCES) said the U.S. sanctions on Iran won’t affect India’s trade activities in Iran’s Chabahar port, IRNA reported on Tuesday.
July 26, 2018

Japan seeks U.S. sanctions waiver for Iran oil imports top priority

Japan is seeking an early exemption from the U.S. on its sanctions against Iran as among the highest priority for the country's energy security as well as local refiners' need for Iranian oil, a top government official told S&P Global Platts Tuesday.
July 26, 2018

Russia Prepares for $50bn Investment in Iran Energy

Russia is getting ready to invest US$50 billion in Iran’s oil and gas industry as the two countries continue to seek closer ties, just as the United States is looking to cut as much Iranian crude oil exports from the market as possible. “Russia is ready to invest $50bn in Iran’s oil and gas sectors,” […]
July 26, 2018

500MW Power Plant Planned in West Karoun

Development of jointly owned oil fields in the West Karoun area in western Iran remains a priority for the Iranian Ministry of Petroleum. Iran is currently recovering more than 350,000 b/d of oil from these fields, which is expected to reach 1.2 mb/d in coming years. A major requirement for reaching such production levels would […]
July 25, 2018

Hemmati replaced Seif as Iran central banker

Iran has got a new central bank governor as the country is struggling to check a steep depreciation of the rial and root out a series of irregularities in its banking system.
July 25, 2018

Inflation rate at 8.7%: statistical center

TEHRAN- The Statistical Center of Iran 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 8.7 percent, up 0.5 percent from its previous month, IRIB reported ...
July 25, 2018

Unemployment rate rises 0.5% in spring yr/yr

TEHRAN- According to the latest report of the Statistical Center of Iran (SCI), unemployment rate in spring which corresponds to the first quarter of current Iranian calendar year (March 21-June 21) stood at 12.1 percent, increasing 0.5 percent in comp...
July 25, 2018

Annual iron ore exports rise 31%

TEHRAN- Iran exported $1.072 billion of iron ore in the past Iranian calendar year (ended on March 20, 2018), which indicates 31.1 percent rise from its previous year’s figure, IRNA reported on Tuesday citing the data released by the Islamic Republic o...
July 25, 2018

Daily gasoline consumption touches 92m liters in a month

TEHRAN- Average daily gasoline consumption in Iran reached 91.7 million liters during the Iranian calendar month of Tir (June 22-July 22), 8.1 million liters more than the preceding month.
July 25, 2018

Industrial units receive €72m in loans during 4 months

TEHRAN- According to the latest announcement of Iran’s Bank of Industry and Mine, industrial units in the country have received €72 million of facilities in foreign currency since the beginning of the present Iranian calendar year (started March 21, 20...
July 25, 2018

US Sanctions to assist China to buy more Iran Oil

The US government is expecting Iran’s oil clients to sharply cut imports from the country under the threat of sanctions but senior American officials believe China is likely to buy even more Iranian crude, the Wall Street Journal reported. China is Iran’s top crude oil buyer, which imported around 655,000 barrels a day on average […]
July 25, 2018

Iran Unveils Three New Homegrown Medicines

Iranian Health Minister Seyed Hassan Qazizadeh Hashemi unveiled three new domestically made medicines: two blood glucose-lowering drugs and a new type of antihistamine. In a ceremony held on Tuesday, Qazizadeh Hashemi unveiled the mass production of “Neotadine”, the newest second-generation antihistamine approved by the FDA, in Dr. Abidi Pharmaceutical Laboratory in Tehran. Two blood glucose-lowering […]
July 24, 2018

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: National Consultant for Web-based GIS Modelling, UN-Habitat – United Nations Human Settlements Programme Project Coordinator, UNFPA – United Nations Population Fund Consultancy – International Board Certified Lactation Consultant, UNICEF – United Nations Children’s Fund Communication and Advocacy Officer, Norwegian Refugee Council (NRC) Senior Driver, […]
July 24, 2018

Video: Iranians LA divided over Trump, Iran Tensions

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iranians living in Los Angeles react to the mounting tensions between US President Donald Trump and Iran. View video on YouTube.
July 24, 2018

Petchem exports at over $3b in a quarter

TEHRAN- Iran exported 5.356 million tons of petrochemical products worth more than $3.158 billion during the three-month period from the beginning of current Iranian calendar year (March 21), IRIB reported citing the data released by National Petrochem...
July 24, 2018

Indian refiners worried over U.S. sanctions on Iran

TEHRAN – Indian refineries are getting worried about the risks that U.S. sanctions on Iran could impose on their profitability, Economic Times reported citing Mangalore Refinery and Petrochemicals Ltd (MRPL).