May 22, 2018

Shipping Giant to cease Iran Business

By John Lee. Danish shipping giant AP Moller-Maersk has said it will cease operations in Iran following the reimposition of US sanctions. Chief Executive Soren Skou is quoted as saying: “With the sanctions the Americans are to impose, you can’t do business in Iran if you also have business in the U.S., and we have […]
May 22, 2018

Total to Unwind Iran Operations if no Waiver

On 4 July 2017, Total, together with the other partner Petrochina, executed the contract related to the South Pars 11 (SP11) project, in full compliance with UN resolutions and US, EU and French legislation applicable at the time. SP11 is a gas development project dedicated to the supply of domestic gas to the domestic Iranian […]
May 22, 2018

Over $142.6b of budget needed for completion of development projects

TEHRAN- A member of development committee of the Iranian Parliament (Majlis) announced that $6 quadrillion rials (more than $142.6 billion) of budget is needed for completion of development projects in Iran, Tasnim news agency reported.
May 21, 2018

Electricity equipment exports to Iraq, Afghanistan hit $120m in a year

TEHRAN-Iran's exports of electricity equipment to Iraq and Afghanistan showed 30 percent rise during the past Iranian calendar year of 1396 (which ended on March 20) and stood at over $120 million, IRIB reported on Monday.
May 21, 2018

EU, Iran Working on Details of Direct Money Transfers

The European Union’s energy commissioner said he has submitted the EU proposal for direct transfers of money to Iran’s central bank, adding that the two sides are discussing the plan in details. Speaking to reporters after a meeting with Iran’s energy minister in Tehran on Saturday, Miguel Arias Canete highlighted the EU’s efforts to boost […]
May 21, 2018

Over $903,000 of state-owned shares divested in 2 months

TERHRAN- Iranian Privatization Organization (IPO) has transferred 38 billion rials (about $903,686) worth of the state-run shares to the private sector in the past two months, Tasnim news agency reported on Monday.
May 21, 2018

Iran’s European trade partners’ supportive steps to tackle U.S. sanctions

On May 8, Donald Trump officially pulled the United States out of Iran’s nuclear agreement, officially called the Joint Comprehensive Plan of Action or JCPOA, which was implemented in January 2016.
May 21, 2018

Iran nominated to host 12th World Chambers Congress in 2021

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is announced to be among the final candidates for hosting the 12th edition of World Chambers Congress in 2021, the portal of Tehran Chamber of Commerce, Industries, Mines and ...
May 21, 2018

Iran Weekly Recap | Cooperation with WIPO, Trump Saving ZTE, No More Business on Telegram

Every week we’ll be bringing you the highlights of Iran’s tech scene in the past week. This week, we covered Iran and WIPO increasing cooperation, Trump’s conflict with the Congress over ZTE and Iran banning business activities on Telegram.

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May 21, 2018

Iran, Greece sign transportation co-op MOU

TEHRAN- Iran and Greece signed an MOU on transportation cooperation, Reza Nafisi, director general of Transit and International Transportation Department in Iran Road Maintenance & Transportation Organization, informed, IRNA reported on Sunday.
May 21, 2018

ICCIMA delegation to embark for S. Africa in mid-July

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture’s (ICCIMA) delegation, led by the chamber’s head Gholam-Hossein Shafe’i, will leave Tehran for South Africa on July 15, the portal of ICCIMA reported.
May 20, 2018

Iran’s oil market after U.S. nuclear deal exit

Near two weeks after U.S. President Donald Trump declared his decision on withdrawing from Iran’s nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), oil traders around the world are still following a “wait and see” strategy toward the c...
May 20, 2018

European Union adheres to its Iran deal-related commitments: EU commissioner

TEHRAN- European Union Energy Commissioner Miguel Arias Canete said that the EU adheres to its commitments under Iran’s nuclear deal.
May 20, 2018

Iran’s Deputy Attorney General: Business Activity on Telegram Is a Crime

Despite Telegram being banned and blocked by the Iranian government, statistics show that users are coming back to this platform using VPN services to circumvent the block. Meanwhile, Iran’s Deputy Attorney General has asserted that any sort of business activity on Telegram is a crime. 

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May 20, 2018

Sukhoi to Sell SuperJets to Iran despite Sanctions

Russia’s Sukhoi Civil Aircraft said it would continue to cooperate with Iranian airlines within the framework of interim agreements on the delivery of SSJ100R passenger aircraft, despite the re-implosion of US sanctions against Iran. “The Sukhoi Civil Aircraft will continue to work with Iranian airlines under the preliminary agreements signed at the Eurasia Air Show […]
May 20, 2018

1,700 industrial units to operate at full production capacity by Mar. 2019

TEHRAN- Some 1,700 industrial units with inefficient production capacities are scheduled to be run at full capacity by the current Iranian calendar yearend (March 20, 2019), Managing Director of Iran Small Industries and Industrial Parks Organization (...
May 19, 2018

‘Kazakh market apt for Iranian goods, services’

TEHRAN- Kazakhstan seems a proper destination for exports of Iranian goods as well as engineering and technical services, Iranian industry, mining and trade minister announced on the sidelines of Astana Economic Forum (2018) in Kazakhstan.
May 19, 2018

Iran’s light crude oil price tops $73 in a week

TEHRAN- Iran’s light crude oil price jumped $3.02 in the week ended on May 11 to cross $73 per barrel, its highest since November 2014.
May 19, 2018

No drop in Iran’s oil exports if EU supports nuclear deal: Zanganeh

TEHRAN-Iranian Oil Minister Bijan Namdar Zanganeh said that the U.S. president’s withdrawal from Iran’s nuclear deal will not affect Iran’s oil exports if the EU supports the deal.
May 19, 2018

27 Million Iranians without Smartphones

From MCI’s more than 50 million active users, 18 million do not have smartphones. Same for Irancell, which from more than its 30 million active users, 9 million lack a smartphone.

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