June 10, 2018

Exports of oil, gas condensate hit 2.7m bpd in May

TEHRAN- Iran exported 2.7 million barrels per day (bpd) of oil and gas condensate averagely in May, Shana news agency reported.
June 10, 2018

Italy main export market of Iranian products during March-May

TEHRAN- According to the latest data released by the Islamic Republic of Iran Customs Administration (IRICA), during the first two months of the present Iranian calendar year 1397 (March 21- May 21, 2018), Iran’s exports of goods to Italy increased 156...
June 10, 2018

Persian Gulf Star Refinery’s 1st LPG consignment traded in IRENEX

TEHRAN- Persian Gulf Star Refinery’s first consignment of liquefied petroleum gas (LPG) was traded in Iran Energy Exchange (IRENEX) on Sunday, Shana news agency reported.
June 10, 2018

Aluminum production by major companies rises 9.7% in 2 months yr/yr

TEHRAN- Iran’s major aluminum producers produced 60,947 tons of aluminum during the two-month period from March 21 to May 21, which shows 9.7 percent growth from the figure of the same period of time in the past year, ILNA reported on Saturday.
June 10, 2018

Ban on High-Water-Consumption Industry in Dry Regions

By Maysam Bizaer for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran to ban new high-water consumption industry in dry regions Iran has long been faced with a wide range of environmental challenges. These include everything from drought leading to soil erosion and sandstorms to […]
June 10, 2018

Iran Willing to Buy $1.5bn Ukrainian Ag Products

Iran has expressed willingness to purchase $1.5 billion worth of agricultural products from Ukraine, a report said. Ukraine and Iran are interested in deepening bilateral cooperation in the agricultural sector, particularly in increasing supplies of grains, vegetable oil, corn, barley and soybeans for domestic needs of Iran, Ukraine’s Deputy Agrarian Policy and Food Minister Viktor […]
June 9, 2018

U.S. exports to Iran grow 77% in 4 months

TEHRAN- According to the latest report of American Statistical Association (ASA), Iran’s imports of the U.S. products grew 77 percent in the first four months of 2018 in comparison with the same period in 2017.
June 9, 2018

Cargo transport via railway hits 47m tons in a year

TEHRAN- Some 47 million tons of cargo were transported via railway in Iran during the past Iranian calendar year 1396 (ended on March 20), Saeed Rasouli, an official in the Islamic Republic of Iran Railways (known as RAI), announced.
June 9, 2018

Installation of 6 South Pars platforms projected by Mar. 2019

TEHRAN- Based on the planning made by Pars Oil and Gas Company (POGC), which is in charge of developing Iran’s South Pars Gas Field in the Persian Gulf, six platforms will be installed on their designated offshore spots in different development phases ...
June 9, 2018

Iran says OPEC won’t comply with U.S. request for Saudi output hike

TEHRAN - Iran’s OPEC Governor Hossein Kazempour Ardebili on Friday slammed the U.S.’s request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports, saying that OPEC would not comply with such requests.
June 9, 2018

FDI inflows to Iran up nearly 50% in 2017: UNCTAD

TEHRAN – According to United Nations Conference on Trade and Development (UNCTAD)’s latest report titled “world investment report 2018”, foreign direct investment (FDI) inflows into Iran increased by nearly 50 percent in 2017 compared to the previous y...
June 9, 2018

Legal Issues of Startup Accelerators in Iran – Part One

If you want to know the path for Iranian Accelerators and their current situation; if you consider entering this business in Iran; or if you want to use an accelerator for your startup, this article is for you.

The post Legal Issues of Startup Accelerators in Iran – Part One appeared first on TechRasa.

June 9, 2018

2018 GDP growth to stand at 4.1% in Iran: WB

TEHRAN- In its latest report, titled as Global Economic Prospects (June 2018), the World Bank (WB) has predicted a 4.1 percent gross domestic product (GDP) growth for Iran in 2018.
June 9, 2018

Meet Iran’s Likely Next Hardliner-in-Chief

By Rohollah Faghihi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. It sounds like the days of Ayatollah Mohammad-Taghi Mesbah Yazdi leading Iran’s hard-liners are coming to a close. At 83, he appears ready to step aside for a new ayatollah. It has recently been reported by local news […]
June 9, 2018

US, Iran “Face Off” in Former Extremist-Held Iraqi Town

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Locals in Al Qaim, Anbar, worry that the current stable security situation can’t last. It’s being upheld by US troops and Iran-allied militias, whose antipathy toward one another is […]
June 8, 2018

Iran’s capacity of generating electricity from renewables hits 575MW

TEHRAN- The capacity of generating electricity from renewable resources has reached 575 megawatts (MW) in Iran, the Energy Ministry has recently announced, IRNA reported on Friday.
June 8, 2018

India to use Rupee, Euro to continue trade with Iran during sanctions

TEHRAN - India is mulling over using Euro as well as the rupee to continue trade with Iran during the new rounds of the U.S. sanctions on Tehran.
June 8, 2018

Euro-based Kish Intl. Stock Exchange to be inaugurated

TEHRAN- Head of Iran’s Securities and Exchange Organization (SEO) Shapour Mohammadi told IRNA that in a bid to expand Iran’s euro-based transactions, Kish International Stock Exchange is planned to be inaugurated in future.
June 8, 2018

Tehran, New Delhi India to discuss preferential trade agreement in August

TEHRAN – Iran and India are going to hold talks over a preferential trade agreement (PTA) in near future aiming to withstand the effect of the U.S. sanctions on Iran on the two sides’ trade.
June 8, 2018

Tehran holds Africa Day

The Economic Cooperation Council in cooperation with Salamat Company hosted Africa Day with the participation of African ambassadors to Tehran on May 31 May, 2018.