May 19, 2018

Iran’s Housing Sector keeps Building

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. In Iran, the housing sector — which accounts for a hefty 35% of all household expenses — has since 2011 been in the grip of its worst recession in recent history. Indeed, it was the only […]
May 19, 2018

Iran, Germany explore ways of expanding energy ties

TEHRAN – Iran and Germany’s energy ministers met on Thursday and discussed ways of mutual cooperation, the official website of Iranian Energy Ministry (known as PAVEN) reported.
May 18, 2018

India’s April oil imports from Iran rise to highest since Oct. 2016

TEHRAN- India’s imports of oil from Iran increased to 640,000 barrels per day (bpd) in April, which is the highest level since October 2016, Reuters reported citing the data from shipping and industry sources.
May 18, 2018

Tehran, Damascus getting prepared to hold joint economic committee meeting

TEHRAN- Iranian Transport Minister Abbas Akhoundi and Syrian Minister of Economy and Foreign Trade Mohammad Samer al-Khalil met in Damascus on Thursday to take some preparatory steps for the scheduled Iran-Syria joint economic committee meeting which w...
May 18, 2018

Iranian, Russian banks sign €1.2b agreement on railway electrification project

TEHRAN- Iran’s Bank of Industry and Mine and the Russian government-owned development bank Vnesheconombank (VEB) signed a €1.2-billion-agreement on financing electrification of Garmsar–Incheboron railway project in Iran, IRIB reported on Thursday.
May 18, 2018

Britain supports its companies’ activities in Iran: envoy

TEHRAN - British ambassador to Tehran said [despite Washington withdrawal from Iran’s nuclear deal] the government of Britain supports British companies which are interested in activity in Iran, Shana reported.
May 18, 2018

Iran, Russia Agree to Boost Railroad Cooperation

Iranian Minister of Economic Affairs and Finance Massoud Karbasian and the director general of the Russian Energy Agency (REA), Anatoly Tikhonov, agreed to enhance cooperation between the two sides in various projects, including the Garmsar-Inche Bouroun railroad. “RZD International representatives as a part of the Russian delegation headed by Anatoly Tikhonov, Director General of the […]
May 18, 2018

US puts Sanctions on head of Central Bank

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]
May 17, 2018

Beijing hosts 1st meeting of Iranian, Chinese Traders Council

TEHRAN- The first meeting of Iranian and Chinese Traders Council was held in Beijing with participation of the representatives of 170 Iranian and Chinese companies, the website of Iran’s Trade Promotion Organization (TPO) reported on Tuesday.
May 17, 2018

How Iran and Europe can Save the Nuclear Deal

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US President Donald Trump’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA) has created an urgency for all other deal signatories to work toward saving the accord. As international companies face a new […]
May 16, 2018

Petchem exports at over $1.1b in a month

TEHRAN- Iran exported over 1.99 million tons of petrochemical products worth more than $1.167 billion in the first month of current Iranian calendar year (March 21-April 20), Shana reported citing the data released by National Petrochemical Company (NPC).
May 16, 2018

Over $2.8b of loans to be paid for employment in rural areas

TEHRAN- Some 120 trillion rials (about $2.85 billion) of loans will be paid to the villagers in the current Iranian calendar year (March 2018-March 2019) in a bid to materialize stable employment in the rural areas, vice president for rural development...
May 16, 2018

Chinese firms hope to maintain Iran oil purchases

TEHRAN- Chinese firms hope to maintain purchases of oil from Iran, a source with direct knowledge of the discussion between the two sides told Reuters.
May 16, 2018

Iran’s 1st floating solar farm project launched

TEHRAN – The project for building the first floating solar farm of Iran was launched in the southeastern province of Sistan-Baluchestan on Monday, IRIB reported.
May 16, 2018

Video: Iran seeks ‘Clear Future Design’ for JCPOA

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran’s president has said he will stick to the agreement, if other countries meet their obligations. Meanwhile, his foreign minister has embarked on a diplomatic tour, in an attempt to salvage the deal. […]
May 16, 2018

Iran-China 3-month trade up 11% yr/yr

TEHRAN- The value of trade between Iran and China during the first quarter of 2018 reached $9.98 billion, with 11 percent rise from the figure of the same period of time in the past year, Tasnim news agency reported on Tuesday citing the data released ...
May 16, 2018

S. Korea’s April Iranian crude oil imports stand at 1.24m tons

TEHRAN - South Korea shipped in 1.24 million tons of Iranian crude, or 303,025 barrels per day (bpd), in April, down 12.1 percent from last year’s 1.41 million tons in the same month, Reuters reported citing customs data.
May 15, 2018

Iran Energy Minister in Germany for Talks

Iranian Energy Minister Reza Ardekanian travelled to Germany on Monday to weigh plans for environmental and energy cooperation between the two countries. Ardekanian is planned to hold talks with Germany’s Federal Minister for the Environment, Nature Conservation and Nuclear Safety Svenja Schulze and Federal Minister of Germany for Economic Affairs and Energy Peter Altmaier during […]
May 15, 2018

Iranian Oil Exports set to continue under US Sanctions

By David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Assessing the short- and long-term consequences of the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) for Iranian energy is crucial. In the short term, the impact will be rather modest in […]
May 15, 2018

Doha hosts Iran-Qatar business forum

TEHRAN- An Iran-Qatar business forum attended by a number of Iranian and Qatari traders and businessmen was held in Qatar’s capital Doha on Monday.