June 8, 2018

Truckers display new face of Popular Protest in Iran

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On the first day of what quickly became Iran’s largest trucker strike in recent years, a driver told his audience on film, “Today, May 22, on the ring road of Kavar, we are making sure that […]
June 8, 2018

Iran to Boost Uranium Enrichment Capacity

Iran to Boost Uranium Enrichment Capacity Following Leader’s Order: AEOI Spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi said the organization is starting a process to boost the country’s capacity to enrich uranium following an order by Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei. Kamalvandi told ISNA news agency on […]
June 7, 2018

Iraq’s Pro-Iran Factions shrug off US Sanctions Push

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Two pro-Iranian militias active in Iraq and Syria declared that possible US sanctions targeting them would be ineffective and claimed that such sanctions would actually strengthen their presence and expansion in […]
June 7, 2018

Iran Protests to Turkmenistan over Truck Transit Fees

Iran’s Deputy Minister of Roads and Urban Development Abdolhashem Hassannia voiced the country’s protest over a recent move by neighboring Turkmenistan to increase transit fees for Iranian trucks traveling to the Central Asian country by 50 percent. Speaking at a meeting with Turkmenistan’s ambassador to Tehran, Ahmed Gurbanov, Hassannia warned that following the unilateral move […]
June 6, 2018

Armenia’s Sevan Startup Summit to Take Place in July 2018

It is the first outdoor campsite-based forum that fosters intensive deal-making and immersive conversations about the most burning topics in entrepreneurship today. The summit attracts leading Angels, Venture Capitalists, Entrepreneurs and Policy Makers willing to join their peers in an intimate setting to think, act and transform their environment via entrepreneurship.

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June 6, 2018

Peugeot-Citroën to Pull Out of Iran

French car maker PSA Group has said it will pull out of two joint in Iran following Washington’s withdrawal from the Iran nuclear deal. In a statement, the maker of Peugeot and Citroen cars said: “After signature of the Joint Comprehensive Plan of Action (JCPOA) on July 14th, 2015 and the lifting of international sanctions […]
June 6, 2018

Qatar Blockade – Surge in Food Imports from Iran

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran was one of the countries which quickly stepped in to ensure Qatari supermarket shelves remained well stocked. Iranian exporters say helping Qatar is not just about making money. But deepening ties could […]
June 5, 2018

S Korea’s Daelim Cancels $2bn Deal with Iran

South Korea’s Daelim Industrial said on Friday that a contract worth 2.23 trillion Korean won ($2.08 billion) for a refinery project in Iran was canceled. The order was canceled as the Isfahan Refinery Upgrading Project failed to procure financing because of economic sanctions imposed on Iran, Daelim said in a regulatory filing, Reuters reported. The […]
June 5, 2018

Iran Starts Oil Swap with Iraq’s Kirkuk

Iran started swapping oil with Iraq‘s Kirkuk on Sunday, after the two neighbours sorted out the logistic issues that were preventing the swap’s startup. According to the CIF-based swap deal, Iran receives 30,000 to 60,000 bpd of oil from the Kirkuk oil fields in northern Iraq to an Iranian refinery across the border via tanker […]
June 5, 2018

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Grants Manager, Relief International Communication Officer, UNICEF – United Nations Children’s Fund (Source: UN) (Picture: Success, growth, career, development signpost from...
June 4, 2018

Iran Weekly Recap | Funding Local Satellites, 160% Rise in Mobile Imports, Selling Foreign SIM Cards Legally & More

This week, we covered establishing an instruction for selling foreign SIM cards in Iran, Iranian government funding local satellite manufactures, the impressive rise in Iran’s mobile phone imports and computer hardware market’s crisis in the country.

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June 3, 2018

Pakistan to Launch Ferry Service to Iran

Pakistan is planning to launch ferry services from its Karachi port to Iran, the United Arab Emirates and Oman with an aim to enhance connectivity and provide more services to the people. According to the South Asian country’s Federal Minister for shipping Mir Hasil Khan Bizenjo, the draft Ferry Service Policy would be present at […]
June 3, 2018

How US Sanctions will impact Iranian Startups

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On May 8, US President Donald Trump finally carried out his threat to pull out of the nuclear deal with Iran. Agreed on by Iran and six world powers back in 2015, the Joint Comprehensive […]
June 2, 2018

2-month car imports down 77% yr/yr

TEHRAN- The value of Iran’s car imports during the first two months of the current Iranian calendar year (March 21-May 21) fell 76.24 percent compared to the same period last year, Tasnim reported on Saturday citing the data released by the Islamic Rep...
June 2, 2018

U.S.-EU economic wrangling may trigger security disputes: expert

Davoud Abbasi, Editor-in-Chief of the Italian radio at IRIB, tells the Tehran Times that the trade war that the U.S. has launched against the European Union may trigger “security” disputes in the long-run if the sides fail to reach a compromise.
June 2, 2018

Iran’s weekly light crude price surpasses $77

TEHRAN- Iran’s light crude oil price rose 43 cents in the week ended on May 25, to continue its upward trend for third consecutive weeks.
June 2, 2018

Rising Dilemma in Iran’s Computer Hardware Market

A recent survey among the managers of computer companies and the members of the Computer Trade Organization of Tehran Province shows that with a 50% price increase in the computer hardware market, the sales volume of these companies has declined by 40% and some even by 60% compared to last year.

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June 2, 2018

Tehran to host 1st specialized paper expo

TEHRAN- The 1st international specialized exhibition of paper, cardboard, cellulose and related machineries will be held on July 28-31 at Tehran Permanent International Fairground, IRIB reported.
June 2, 2018

Petchem Development can Ensure GDP Growth: MP

A member of the Iranian parliament said the petrochemical industry can lead to the growth of GDP given its massive applications. Speaking to Shana, Mohammad Mahdi Mofatteh, spokesperson of the parliament’s energy committee, said fresh and timely investments are required for maximizing the effectiveness of the sector in the country’s economy. He said the petrochemical […]
June 2, 2018

German Credit Unions Stand by Iran

Six credit unions in southern Germany are still processing payments to Iran despite Washington’s withdrawal from the 2015 nuclear deal between Tehran and world powers and its impending new sanctions on Iran, a report said. While Germany’s big banks are avoiding Iran-related deals for fear of US reprisals, six credit unions, or Volksbanken, from southern […]