June 13, 2018

Iraqi Depositors ‘Trapped’ In Iranian Banking System

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Abbas Sarhan. The Iranian banking system was seen as an attractive alternative to Iraq’s shaky financial institutions. But a recent, drastic devaluation in the Iranian rial means Iraqi […]
June 13, 2018

Budget paid in cash for development projects doubled in 3 months yr/yr

TEHRAN- Some 27 trillion rials (above $639.8 million) of budget has been paid in cash to implementation of development projects during the first three months of the present Iranian calendar year (started on March 21, 2018), IRNA quoted Iranian deputy f...
June 13, 2018

Iran’s intl. metal working exhibition slated for late June

TEHRAN – The third edition of Iran’s International Exhibition for Metal Working (AMB Iran 2018) is scheduled to be held on June 26-29 at Shahr-e-Aftab International Exhibition Center in Tehran.
June 13, 2018

Gas processing up 9% in year

TEHRAN- Natural gas processing increased 9.3 percent in Iran in the past Iranian calendar year (ended on March 20), according to a director in National Iranian Gas Company (NIGC). Gholamreza Bahman-Nia, the director for supervising production in NIGC,...
June 12, 2018

Economic ties to be strengthened between Iran, Sweden: envoy

TEHRAN - Swedish Ambassador to Tehran Helena Sangeland said Sweden and Iran are expanding their relations in the field of economy and their economic ties will be even more strengthened in the future.
June 12, 2018

Iran-EU trade at €5.3b in Q1

TEHRAN- The trade between Iran and European Union countries during the first three months of 2018 stood at €5.3 billion, the same as the figure of the first quarter of 2017, Tasnim news agency reported.
June 12, 2018

NITC seriously follows up on fleet renovation plan

TEHRAN- National Iranian Tanker Company (NITC) is seriously following up its plan of renovating the fleet and reducing the average age of its tankers, according to a director of the company.
June 12, 2018

Saffron export breaks a 10-year record

TEHRAN- Iran’s exports of saffron increased about 55 percent in the last Iranian calendar year (ended on March 20) compared to its preceding year, breaking the record of exports in the past ten years, IRNA reported on Monday.
June 12, 2018

Tehran to host Iran Expo (2018) exhibit in late Oct.

TEHRAN- The 3rd edition of Exports Capabilities Exhibition of Islamic Republic of Iran (Iran Expo 2018) will be held from October 20 to 23, 2018 at Tehran’s Shahr-e-Aftab International Fairground, ISNA reported.
June 12, 2018

UK appoints New Trade Commissioner for Middle East

UK International Trade Secretary Dr Liam Fox MP has appointed Simon Penney (pictured on right) as Her Majesty’s Trade Commissioner (HMTC) for the Middle East. The announcement was confirmed by Dr Fox on a visit to Bahrain and the United Arab Emirates (UAE), where he met government and industry representatives to boost trade and promote […]
June 12, 2018

Protecting EU companies in Iran

Following up on the informal Leaders’ Meeting in Sofia, as well as the Commission’s announcements of 18 May, the European Commission has adopted an update of the Blocking Statute and of the European Investment Bank (EIB)‘s External Lending Mandate. These measures are meant to help protecting the interests of EU companies investing in Iran and to demonstrate the EU’s […]
June 12, 2018

About 300 companies to participate in Tehran intl. rail expo

TEHRAN- Some 200 Iranian and 90 foreign companies are to take part at the 6th International Exhibition of Rail Transportation, Related Industries & Equipment of Iran, Hossein Ashouri, deputy head of Islamic Republic of Iran Railways (IRIR), announced i...
June 11, 2018

Co-op agreement on air transportation inked between Iran, Kyrgyzstan

TEHRAN- Iran and Kyrgyzstan signed an agreement to boost cooperation on air transportation, the head of Public Relations Department of Iran Civil Aviation Organization (CAO) Reza Jafarzadeh announced, IRIB reported on Monday.
June 11, 2018

EU’s efforts to maintain trade with Iran a clear defeat for U.S.

TEHRAN- Iran’s Trade Promotion Organization (TPO) Head Mojtaba Khosrotaj said the European Union’s endeavors to preserve and continue trade ties with Iran is an obvious sign of defeat for the U.S. that has withdrawn from Iran’s nuclear deal.
June 11, 2018

Iran, China agree on using national currencies in trade

TEHRAN - Iran and China signed a memorandum of understanding (MOU) based on which both sides will use national currencies in their trade transactions.
June 11, 2018

Iran Weekly Recap | Google Maps Terminates IR domains, 32K Online Businesses & More

This week, we covered Google blocking IR domains from accessing its Map services, online businesses in Iran reaching to over 32k and the Government's budget increase after the implementation of the mobile registry scheme.

The post Iran Weekly Recap | Google Maps Terminates IR domains, 32K Online Businesses & More appeared first on TechRasa.

June 11, 2018

Over 500km to be added to Iran’s road network by late Sep.

TEHRAN – More than 500 kilometers of roads and highways are going to be inaugurated by the end of summer which is September 22 based on Iranian calendar, said an official at the Ministry of Roads and Urban Development.
June 11, 2018

US Sanctions Threaten Iran’s Hopes for Tourism

By Maziar Motamedi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s numerous tourist attractions, many of which stem from its rich history and civilization going back thousands of years, have the potential to transform into revenue streams far more sustainable than the country’s vast […]
June 11, 2018

Video: Will Iran-US Tensions threaten Iraq’s Stability?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. It’s been three weeks since the parliamentary election in Iraq and many Iraqis voted for a nationalist party opposed to foreign interference. But both Riyadh and Washington want an Iraq that is sympathetic […]
June 11, 2018

Iran’s 2-month exports to Qatar five-folded on year

TEHRAN- Iran’s exports to Qatar during the two-month period from March 21 to May 21 increased by five folds in this year compared to the same period of time in the past year, according to the data released by Islamic Republic of Iran Customs Administra...