June 20, 2018

Iranian fin. min. in Vienna for OFID meeting

TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian arrived in Austria’s capital on Wednesday morning to attend the two-day ministerial Council meeting of OPEC Fund for International Development (OFID) on Wednesday and Thursday, Shad...
June 20, 2018

Tehran-Damascus seriously determined to strengthen banking, customs co-op

TEHRAN- In a meeting in Tehran on Tuesday, Iranian Finance and Economic Affairs Minister Masoud Karbasian and Syrian Economy and Foreign Trade Minister Mohammad Samer al-Khalil expressed their countries’ strong will for the expansion of bilateral econo...
June 20, 2018

OPEC not an organization to receive instruction from Trump: Zanganeh

TEHRAN- “OPEC is not the organization to receive instruction from President Trump”, Iranian Oil Minister Bijan Namdar Zanganeh stated. “OPEC is not part of the Department of Energy of the United States,” the Iranian minister told reporters on Tuesday ...
June 20, 2018

New PEDEC CEO Appointed

Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), has appointed Touraj Dehghani as chief executive officer and the main member of the board of directors of the Petroleum Engineering and Development Company (PEDEC). Touraj Dehghani was previously a deputy director of PEDEC, and member of the board of directors and supervisor […]
June 20, 2018

How Rial’s Devaluation may Boost Iranian Economy

By Navid Kalhor for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The money supply in the Iranian economy exceeds $355 billion at the official exchange rate, remarkably surpassing total economic output of $331 billion. Financial depth, a metric showing the ratio of liquidity to gross domestic […]
June 20, 2018

Europeans most foreign shareholders of Iranian capital market

TEHRAN- Major part of foreign shareholders at Iranian capital market come from Europe, Managing Director of Central Securities Depository of Iran announced in a press conference on Tuesday.
June 20, 2018

Annual monetary, forex policies confab inaugurated

TEHRAN- The 28th Annual Conference on Monetary and Foreign Exchange Policies of Iran, titled Infrastructural Amendments to Reach Monetary Stability, was inaugurated on Tuesday at IRIB International Conference Center in Tehran, IRIB reported.
June 20, 2018

800MW capacity of new power plants to come online in 2 weeks

TEHRAN – Some 800 megawatts (MW) capacity of new power plants is scheduled to be added to Iran’s electricity network within the next two weeks, Thermal Power Plants Holding Company (TPPH) Managing Director Mohsen Tarztalab told IRIB on Tuesday.
June 19, 2018

Most French Firms ‘Unable to Stay’ in Iran

Most French Firms ‘Unable to Stay’ in Iran due to US Sanctions: Minister French Finance Minister Bruno Le Maire said that after the US imposes new sanctions on Iran most French companies would be unable to continue business in Iran because of problems over payment, also saying that the US cannot be the “planet’s economic […]
June 19, 2018

Arrest of Human Rights Lawyer “an Outrage”

From Amnesty International. Arrest of prominent human rights lawyer Nasrin Sotoudeh is an outrage The arrest of Nasrin Sotoudeh, a prominent Iranian human rights lawyer, is an outrageous attack on a brave and prolific human rights defender, Amnesty International said today. Nasrin Sotoudeh was arrested at her home in Tehran this morning and transferred to […]
June 19, 2018

Tehran hosting Iran’s 12th International Energy Conference

TEHRAN - As Iran’s greatest annual energy event, the 12th International Energy Conference (IEC) kicked off on Tuesday in Tehran, IRIB reported.
June 19, 2018

Iran inaugurates national diesel engine production line

TEHRAN- Production line of domestically-manufactured 1,300-horsepower diesel engine was launched on the sidelines of the 6th International Exhibition of Rail Transportation, Related Industries & Equipment of Iran (Iran Rail Expo 2018) in Tehran on Tues...
June 19, 2018

Over 90 foreign companies participating in Iran Rail Expo 2018

TEHRAN – Over 90 foreign companies are attending the 6th International Exhibition of Rail Transportation, Related Industries & Equipment of Iran (Iran Rail Expo 2018) which kicked off on Tuesday at the Tehran Permanent International Fairgrounds.
June 19, 2018

Iran’s Mobile Phone Market Faces Crisis As the Prices Increase

Since the beginning of the Persian new year, the Iranian Rial has been gradually losing its value compared to the US Dollar which has caused a huge failure for Iran's hardware market, especially smartphones.

The post Iran’s Mobile Phone Market Faces Crisis As the Prices Increase appeared first on TechRasa.

June 19, 2018

Crude steel production projects underway with 40% progress

TEHRAN- Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqini announced that several crude steel production projects have been specified in the country over the past five years that have 40-percent progress at the moment.
June 19, 2018

Over 3,000 cars imported in 2 months

TEHRAN- Iran imported 3,011 cars during the two-month period from March 21 to May 21, ISNA reported on Monday citing the data released by the Islamic Republic of Iran Customs Administration (IRICA).
June 18, 2018

Iran Weekly Recap | Gambling Websites Get Shut Down, Recession in the Mobile Market & More

Every week we’ll be bringing you the highlights of Iran’s tech scene in the past week. This week, we covered gambling websites getting shut down, hardships ahead of software developers in Iran, and the recession in the country’s mobile market. 

The post Iran Weekly Recap | Gambling Websites Get Shut Down, Recession in the Mobile Market & More appeared first on TechRasa.

June 18, 2018

NDF pays $5b of facilities to 158 development projects in a year

TEHRAN- During the previous Iranian calendar year (ended on March 20, 2018), Iran’s National Development Fund (NDF) paid $5 billion of facilities to 158 domestic development projects, IRNA reported on Monday.
June 18, 2018

OPEC’s big test: A choice between right and wrong

As the Organization of Petroleum Exporting Countries (OPEC) prepares to meet later this week in Vienna, tension is rising among some of the cartel’s biggest members on what is said to be one of OPEC’s biggest decisions since its establishment.
June 18, 2018

U.S.-China trade war could benefit Iran’s oil exports: expert

TEHRAN - The dispute between the United States and China could lead to a cut in Chinese purchases of U.S. oil which could consequently benefit Iran’s sales, Reuters reported quoting John Driscoll, director of consultancy JTD Energy Services.