July 10, 2018

NIGC supplies power plants with 285mcm of gas per day

TEHRAN- National Iranian Gas Company (NIGC) has been supplying the power plants in the country with 285 million cubic meters (mcm) of gas per day since the beginning of summer, Mehdi Jamshidi Dana, the dispatching director in NIGC, announced.
July 10, 2018

CERA FAIR 2018 hosting over 200 companies

TEHRAN- The 25th edition of Iran’s International Exhibition of Ceramic Industries (CERA FAIR 2018) kicked off on Tuesday at Tehran Permanent International Fairgrounds, IRIB reported.
July 10, 2018

Iran to sell maximum level of oil to counter U.S. sanctions: VP

TEHRAN- Iranian First Vice President Es’haq Jahangiri announced on Tuesday that the country plans to sell as much oil as it can in face of U.S. sanctions, Fars news agency reported.
July 10, 2018

Sanctions on Iran costing Total a “big deal”

TEHRAN – U.S. sanctions on Iran may complicate Total’s attempts for selling some of its assets in Britain’s North Sea that could fetch a total of $1.5 billion, Reuters reported quoting four banking and industry sources.
July 10, 2018

Tehran hosting intl. pool, sauna, kitchen, bath industries expo

TEHRAN - The 16th International Exhibition of Kitchen, Bath, Sauna, Pool Industries and Equipment is due to kick off today at Tehran Permanent International Fairgrounds, IRIB reported.
July 10, 2018

Iran-Turkey trade exceeds $4.5b in 5 months

TEHRAN – The value of trade between Iran and its neighbor Turkey has reached $4.575 billion during the first five months of 2018, registering a three percent rise compared to the same period last year.
July 10, 2018

Car manufacturing up 9.4% in a quarter on year

TEHRAN- Car manufacturing in Iran rose 9.4 percent during the three-month period from the beginning of current Iranian calendar year (March 21) compared to the same time span in the past year, IRIB reported.
July 10, 2018

Jan.- May trade between Iran, U.S. reaches $78.8m

TEHRAN- Trade between Iran and U.S. from January to May 2018 reached $78.8 million increasing 20 percent from $65.3 million in the same time span in the preceding year, according to the latest report of American Statistical Association (ASA).
July 9, 2018

Italian, Chinese firms to build solar farms in Iran

TEHRAN – Italy’s Denikon and Chinese Sinosteel Corporation signed a memorandum of understanding in Iran’s central province of Yazd on Sunday for cooperation in various solar projects in Iran, IRNA reported.
July 9, 2018

Iran Weekly Recap | Twitter’s Ban, Tehran Game Convention & Fiber Network Deployment

Every week we’ll be bringing you the highlights of Iran’s tech scene in the past week. This week, we covered the judiciary’s opposition to unblock Twitter, second annual game convention in Tehran and fiber-optic network being deployed across the country. 

The post Iran Weekly Recap | Twitter’s Ban, Tehran Game Convention & Fiber Network Deployment appeared first on TechRasa.

July 9, 2018

Video: Is Trump on Relentless Quest to Corner Iran?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Oil production, prices and politics require a delicate balance. Donald Trump is urging oil producing countries except Iran to boost output. He hopes that will keep prices low – and motorists happy with […]
July 8, 2018

Iran ICT Minister: 42 to 45 Million Social Media Users in Iran

According to a recent statement by the ICT Minister, there are between 42 to 45 million social media users in Iran. The number of users on Iranian messaging apps has also reached 7.5 million. 

The post Iran ICT Minister: 42 to 45 Million Social Media Users in Iran appeared first on TechRasa.

July 8, 2018

Private sector makes $355m of investment in gas projects

TEHRAN- Iranian private sectors made 15 trillion rials (about $355.4 million) of investment in gas projects during the past Iranian calendar year (ended on March 20, 2018), according to a gas official.
July 8, 2018

Worth of trades in IME rises 71% in a quarter on year

TEHRAN- The value of trades in Iran Mercantile Exchange (IME) during the three-month period from the beginning of current Iranian calendar year (March 21) rose 71 percent compared to the same period of time in the preceding year, IRNA reported.
July 8, 2018

Iran to continue oil exports despite U.S. disruptive measures: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the country’s oil production and exports have not changed significantly despite U.S. efforts for disrupting Iran’s market, IRIB reported on Saturday.
July 8, 2018

Iran’s 3-month oil revenues surpass $16b

TEHRAN – Iran’s revenues from crude oil exports reached over $16 billion in the first quarter of the current Iranian calendar year (March 21-June 21), Tasnim news agency reported quoting a government official.
July 8, 2018

IRSE 2018 to kick off in Tehran next Thursday

TEHRAN- The 10th International Exhibition of Stone, Marble, Quarry, Machinery & Equipment of Iran (IRSE 2018) will be held at Tehran Permanent International Fairgrounds from July 19 to 22, IRIB reported on Saturday.
July 8, 2018

FATF Gives Iran until October to Complete ‘Reforms’

The Financial Action Task Force (FATF) said Iran had until October to complete reforms that would “bring it into line with global norms or face consequences” that could further deter investors from the country. “The FATF is disappointed with Iran’s failure to implement its action plan to address its significant AML/CFT deficiencies,” the organization said […]
July 8, 2018

IKD to make 15,000 Commercial Vehicles this Year

According to Iran Khodro Diesel‘s CEO, 15,000 commercial vehicles will be produced to join Iranian commercial fleet this year. Referring to the sanctions’ conditions this year, IKD CEO highlighted the ability and capacity of his company to domestically produce vehicles and added: “The commercial vehicles’ powertrains will be supplied by Iranian companies including IDEM, Charkheshgar, […]
July 7, 2018

Iran to continue oil exports despite U.S. disruptive measures: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the country’s oil production and exports have not changed significantly despite U.S. efforts for disrupting Iran’s market, IRIB reported on Saturday.