May 2, 2018

3 Indicted in US for Violating Iranian Sanctions

Executives Of Iranian Auto Parts Manufacturer Arrested And Indicted For Violating Iranian Sanctions Statute Sadr Emad-Vaez, Pouran Aazad, and Hassan Ali Moshir-Fatemi made their initial appearances in district court today after being indicted on April 19, 2018, for violating export control laws under the International Emergency Economic Powers Act (IEEPA), announced Acting United States Attorney […]
May 2, 2018

CNG Project up for Grabs

An Iranian CNG official says there are many investment opportunities in compressed natural gas (CNG) projects in Iran. Addressing an energy conference, the Director of CNG Projects at the National Iranian Oil Products Distribution Company (NIOPDC) Hamid Ghasemi said Iran currently consumes 20 million cubic meters of CNG per day, adding the best investment opportunities […]
May 2, 2018

Iran “Bulldozing Mass Graves Sites to Destroy Evidence”

New evidence – including satellite imagery, photo and video analysis – shows that the Iranian authorities are deliberately destroying suspected or confirmed mass grave sites from the country’s 1988 massacre which saw thousands of political prisoners secretly killed, said Amnesty International and Justice for Iran in a new report today (30 April). The 31-page report […]
May 2, 2018

Iran World’s 16th Biggest Car Manufacturer: OICA

Iran’s car output reached 1.515 million units in 2017, the International Organization of Motor Vehicle Manufacturers (OICA) reported. The figure indicated an 18.2-percent rise year on year, according to the report, the Trend news agency reported. The Islamic Republic was the world’s 16th biggest car manufacturer in 2017. In terms of output growth rate, Iran […]
May 2, 2018

NITC to start Marine Ops at Sunken Tanker

The National Iranian Tanker Company (NITC) CEO says the company has planned to start a series of search operations at the site of Sanchi tanker’s sinking. The Sanchi oil tanker collision occurred on 6 January 2018 when the Panamanian-flagged, Iranian-owned tanker Sanchi, with a full natural-gas condensate cargo of 136,000 tonnes (960,000 barrels), sailing from […]
May 2, 2018

Iran’s Currency Tensions spur Crypto Ban

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. Last week, Iran joined the growing list of nations to crack down on cryptocurrencies. But why did it choose this approach? Why now? What consequences will it have? As is the case with most […]
May 1, 2018

Telegram Gets Banned in Iran Following the Order of the Country’s Judiciary

After many debates, Iran’s judiciary ultimately ordered the country’s ISPs and mobile network providers to block Telegram.

The post Telegram Gets Banned in Iran Following the Order of the Country’s Judiciary appeared first on TechRasa.

April 30, 2018

Iran’s 1st products, services expo in Georgia due in late July

TEHRAN- The first exhibition of Iranian products and services in Georgia is to be held in Tbilisi from July 26 to 29, 2018, the portal of Trade Promotion organization of Iran (TPO) reported.
April 30, 2018

Bitumen exports subject to permit from oil ministry

Tehran – Iran’s cabinet has passed a directive to subject bitumen exports to obtaining permit from the oil ministry.
April 30, 2018

Customs cooperation discussed between Iran, Norway

TEHRAN – Head of Islamic Republic of Iran Customs Administration (IRICA) said Iran is ready for exchanging electronic information with the Norwegian customs.
April 30, 2018

Annual FDI attracted in Iran’s industry, mining, trade up 75%

TEHRAN- Iranian industry, mining and trade sectors attracted $3.5 billion of foreign direct investment (FDI) in the past Iranian calendar year (ended on March 20), which indicates 75-percent growth from the figure of its preceding year, according to an...
April 30, 2018

Iran Tech Weekly Recap | April 30, 2018

This week, we covered Bitcoin getting banned in Iran, Silk Road Startup Summit’s winners, 250 European banks connected to Iran and 223% increase in Iran’s phone imports.

The post Iran Tech Weekly Recap | April 30, 2018 appeared first on TechRasa.

April 30, 2018

Private sector invigorating Iran’s post-sanction economy

Years of economic sanctions against Iran had caused great hardship for the country’s foreign trade, making Iranian traders faced with many barriers and dashing foreign traders’ hopes of business activity in Iran.
April 30, 2018

Annual exports of foodstuff, medicine at $3.34b

TEHRAN- Iran could export 2.2 million tons of foodstuff and medicine worth $3.34 billion during the previous Iranian calendar year (ended March 20, 2018), IRIB news quoted a senior official from Iranian Ministry of Industry, Mining and Trade as saying ...
April 30, 2018

Papermaking up 32% in a year

TEHRAN- Papermaking in Iran rose 32 percent to 770,000 tons in the past Iranian calendar year (ended on March 20) from its previous year, according to an official with the Ministry of Industry, Mining and Trade.
April 29, 2018

Iran ready to swap Turkmen gas to Pakistan

TEHRAN – Head of National Iranian Gas Company (NIGC) said Iran is ready to collaborate in swapping gas from Turkmenistan to Pakistan, Shana reported on Sunday.
April 29, 2018

Exports to Europe 10-folded in post sanctions era

TEHRAN- Since the implementation of the Joint Comprehensive Plan of Action (JCPOA), which lifted the sanctions against Iran, the country’s exports to Europe has increased by 10 folds, German Ambassador to Tehran Michael Klor-Berchtold announced.
April 29, 2018

Brazil allocates €1.2b to investment projects in Iran

TEHRAN- Brazilian Ambassador to Tehran Rodrigo de Azeredo Santos announced that his country has allocated €1.2 billion to the investment-making projects in Iran.
April 29, 2018

12 Million Iranians Have Signed up for Local Messaging Apps

The government has obligated all the public sectors to use local messengers instead of Telegram which has resulted in a 10% decrease of the country’s internet bandwidth for Telegram.

The post 12 Million Iranians Have Signed up for Local Messaging Apps appeared first on TechRasa.

April 29, 2018

Over $880m of banking facilities allocated to knowledge-based companies

TEHRAN – Some 37.5 trillion rials (about $889.5 million) worth of banking facilities were provided to Iranian knowledge-based companies during the past Iranian calendar year (March 2017-March 2018), Mehr news agency reported on Saturday.