May 6, 2018

Video: Iran Currency Crunch hits Foreign Tourists

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Changing dollars or euros in Iran has become a challenge after Iran’s central bank on April 15 forbade “until further notice” all exchange bureaus from dealing in foreign currency, leaving banks as the sole […]
May 5, 2018

Iran’s crude steel exports up 84% in a year

TEHRAN- Iran exported 6.872 million tons of crude steel in the past Iranian calendar year (ended on March 20), with 84-percent growth from the figure of its preceding year, according to the data released by Iranian Mines and Mining Industries Developme...
May 5, 2018

Iranian, Russian oil, gas companies to hold meeting on May 8

TEHRAN – Iran and Russia’s oil and gas companies are due to gather in a meeting on May 8 to discuss future cooperation, Shana news agency reported.
May 5, 2018

Agricultural co-op MOUs signed between Iran, Netherlands

TEHRAN - Iran and the Netherlands inked two memorandums of understanding (MOU) for cooperation in agriculture sector during the second meeting of their Joint Agriculture Committee which was held on May 2-4 in The Hague.
May 5, 2018

Annual fishery output stands at over 1.15m tons

TEHRAN- Iran’s fishery output stood at more than 1.15 million tons in the past Iranian calendar year (which ended on March 20, 2018), Hassan Salehi, the head of Iran’s Fisheries Organization, announced.
May 5, 2018

Air France reduces Iran Flights

By John Lee. Air France is reported to be cutting its Joon service between Paris and Tehran to the summer season only. According to a report from Reuters, the company blames weak demand since it began operations two years ago. It’s Joon subsidiary was launched in December 2017 and is aimed at young people. (Source: […]
May 5, 2018

HRW slams Iran’s Telegram Ban

From Human Rights Watch. The Iranian judiciary’s blocking of the messaging application Telegram is an unjustifiable restriction on freedom of expression and access to information, Human Rights Watch has said. With more than 40 million users, Telegram had become the main social media platform for Iranians. On April 30, 2018, Mizan Online News Agency, the […]
May 5, 2018

Value added tax law to go under modification

TEHRAN – Chairman of the Economic Committee of the Iranian parliament said the committee has it on the agenda to apply some modifications on the country’s current value added tax law to amend its flaws, IRIB news reported on Thursday.
May 4, 2018

Iran, Iraqi Kurdistan discuss economic ties expansion

TEHRAN- Iran and Iraqi Kurdistan explored ways of expanding mutual economic cooperation during a two-day business forum inaugurated in the capital of Iraqi Kurdistan, Erbil, on Wednesday, IRNA reported.
May 4, 2018

Tehran-Mashhad railway electrification project to start within 45 days

TEHRAN - The Managing Director of Islamic Republic of Iran Railways (known as RAI) said the electrification of Tehran-Mashhad railway will start by the end of spring (based on Iranian calendar within 45 days).
May 4, 2018

Iran’s gross official reserves set to exceed $108b this year: IMF

TEHRAN - The International Monetary Fund (IMF) in its latest Regional Economic Outlook titled “Regional Economic Outlook Update: Middle East, North Africa, Afghanistan, and Pakistan” predicted that Iran’s gross official reserves will reach $108.4 billi...
May 4, 2018

Iran Ordered to pay $6.27bn to 9/11 Victims’ Families

By John Lee. A US judge has ordered Iran to pay some family members of victims of the September 11, 2001 attacks a total of $6.27 billion as compensation for pain, suffering and mental anguish. Ahough the 9/11 Commission found no evidence of Iranian involvement in the plot, Judge George Daniels of the Southern District […]
May 4, 2018

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Head of Programme, Danish Refugee Council (DRC) Protection Team Leader, Danish Refugee Council (DRC) Director, Asian and Pacific Centre for the Development of Disaster Information Management, Tehran, ESCAP – Economic and Social Commission for Asia and the Pacific Finance Intern, UNDP – United Nations […]
May 2, 2018

Iranian transport min. attends Silk Road meeting in Turkmenistan

TEHRAN- The international forum entitled as the ‘Great Silk Road – the path to new achievements’ kicked off on Wednesday in Turkmenistan’s Avaza national tourism zone hosting Iranian Transport Minister Abbas Akhoundi, IRNA reported.
May 2, 2018

Renowned European petchem companies eager for co-op with Iran

TEHRAN – Managing Director of National Iranian Petrochemical Company (NPC) said renowned European companies has expressed willingness for cooperation with Iran’s petrochemical sector, ILNA reported.
May 2, 2018

Iran intl. auto show to kick off on May 19

TEHRAN- The 7th edition of Iran’s International Exhibition of Automobile (Iran Auto Show 2018) is due to be held from May 19 to 24 at Tehran Permanent International Fairground, IRIB news reported.
May 2, 2018

920 kilometers of freeways to be constructed by March 2019

TEHRAN- About 920 kilometers of freeways are projected to be constructed throughout Iran by the end of the current Iranian calendar year (March 20, 2019), Mehr news agency reported quoting Deputy Transport Minister Kheirollah Khademi as saying.
May 2, 2018

ICCIMA to hold Iran-Croatia business forum on May 7

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will hold an Iran-Croatia business forum in Tehran on May 7, ICCIMA portal announced.
May 2, 2018

Sponge iron production rises 47% in March yr/yr

TEHRAN- Production of sponge iron in Iran during March 2018 indicates 47 percent growth compared to March 2017, according to Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
May 2, 2018

Petroleum Exports break Post-JCPOA Record in April

Iran’s crude oil exports hit 2,617 million bpd in April, a new record since implementation of the Joint Comprehensive Plan of Action (JCPOA) in January 2016. The record was gained amid US President Donald Trump’s threats to pull out of the deal that was struck between Tehran and the P5+1 group of countries to curb […]