April 28, 2018

Silk Road Startup Summit: Iran’s Top 3 Startups Announced

The first-ever Silkroad Startup Summit, held April 18-19 in the beautiful Kish Island, highlighted a burgeoning ecosystem.

The post Silk Road Startup Summit: Iran’s Top 3 Startups Announced appeared first on TechRasa.

April 28, 2018

French companies eager to enter Iran’s market

TEHRAN –Vice-President of the Movement of the Enterprises of France (also known as MEDEF) said French companies are eager to enter Iran’s market despite political complications.
April 28, 2018

Iran’s light crude oil price near $70, highest in 2018

TEHRAN- Iran’s light crude oil price rose $1.68 in the week ended on April 20 to reach its highest record in 2018.
April 28, 2018

Tehran hosting Iran-Europe banking, business forum

TEHRAN- The sixth edition of Iran-Europe banking and business forum kicked off on Saturday morning in the presence of Iranian and European high-ranking banking officials at Tehran’s Espinas Palace Hotel, IRIB news reported.
April 28, 2018

Over 2000 specialized drilling operations performed last year

TERHAN - Drilling technical services director at National Iranian Drilling Company (NIDC) said the company performed over 2300 specialized operations last year (ended on March 20, 2018) to provide technical drilling services across the country.
April 28, 2018

RIPI signs LNG Deal with Fortune

The Research Institute of Petroleum Industry (RIPI) has signed a memorandum of understanding (MoU) for Chinese company Fortune and a domestic investor for the design and construction of a 500,000-ton LNG plant. According to the institute, the document was signed on Tuesday, April 25, 2018, between RIPI’s director of technology and international relations and the […]
April 28, 2018

Can ‘De-Dollarization’ break Iran’s Economic Isolation?

By Navid Kalhor for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. While the nuclear deal struck between Iran and six world powers in 2015 lifted international sanctions, it failed to remove primary US restrictions on dollar transactions. As such, some in Iran have grown to […]
April 28, 2018

Parsi field’s flare gas recovery unit to start operating today

TEHRAN – “The flare gas recovery unit of Parsi oil field in southwestern Iran will start operating on Saturday”, Shana reported on Friday quoting an oil official.
April 27, 2018

ICCIMA Dispute Resolution Center to judge traders’ debates

TEHRAN- According to an agreement signed between Trade Promotion Organization of Iran (TPO) and Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), ICCIMA Dispute Resolution Center is assigned to judge domestic and international debat...
April 27, 2018

Iran, Macedonia explore avenues of economic co-op

TEHRAN – Iran and Macedonia explored ways of expanding mutual economic cooperation in a business forum which was held in the Balkan nation’s capital city of Skopje on Thursday.
April 27, 2018

Iranian airliners sign MOUs to buy 40 superjets from Russia’s Sukhoi

TEHRAN- Two Iranian airliners, Iran Airtour and Aseman Airlines, signed memorandums of understandings with Russian aircraft manufacturer Sukhoi on the purchase of 40 aircrafts from the Russian company.
April 27, 2018

Iranian Airlines Buy 40 Sukhoi Passenger Jets

Two Iranian airlines have signed contracts with Russian aircraft manufacturer Sukhoi to purchase a total of 40 passenger planes. The Iranian companies, Aseman Airlines and Iran Air Tours, have signed the deals with Sukhoi on the sidelines of Eurasia Airshow 2018, which kicked off in Turkey’s Antalya on April 25. According to reports, Iran Air […]
April 27, 2018

Saudi belligerence on Iran threatens US

By Bruce Riedel for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. King Salman bin Abdul-Aziz Al Saud and his son are pursuing the most virulent anti-Iran and anti-Shiite policy in modern Saudi history. This approach has deep roots in Wahhabi history. Mixed with Iran’s expansive […]
April 27, 2018

US Woman “Helped Smuggle” Aircraft Parts to Iran

US Prosecutors say a New Jersey woman was involved in an international ring that smuggled more than $2 million worth of aircraft components from the United States to Iran in violation of export control laws. According to a statement from the US Department of Justice: A Morristown, New Jersey, woman appeared in federal court today […]
April 27, 2018

Iran, China ink Major Petchem Deal

Iran’s National Petrochemical Company (NPC) and the China Petroleum and Chemical Industry Federation (CPCIF) signed a memorandum of understanding (MoU) for construction of a petrochemical park in Iran by Chinese companies. NPC CEO Reza Norouzzadeh and Chairman of CPCIF Li Shousheng signed the document in Tehran on Monday evening (April 23, 2018), NIPNA reported. Speaking […]
April 27, 2018

Boeing ‘Defers’ Iran Deliveries

By John Lee. As US President Donald Trump considers whether to withdraw from the Iran nuclear deal, Boeing has reportedly re-allocated the planes it had planned to deliver to Iran this year to other customers. According to Reuters, Boeing boss Dennis Muilenburg told a conference call: “We have no Iranian deliveries that are scheduled or […]
April 27, 2018

Video: Will US withdraw from Nuclear Deal?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. France and the United States have a long history that goes back centuries. From the American revolutionary war to the Statue of Liberty – the two countries have had strong cultural and political […]
April 26, 2018

Inflation rate at 9.2%: CBI

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the first Iranian calendar month Farvardin (April 20) compared to the same period in the previous year hit 9.2 percent.
April 26, 2018

Iran’s monthly non-oil trade up 12% yr/yr

TEHRAN- The value of Iran’s non-oil trade in the first month of the current Iranian calendar year (March 21-April 20) rose 12 percent compared to the same month in the past year, IRIB news reported on Wednesday.
April 26, 2018

Monthly exports from PSEEZ up 17% yr/yr

TEHRAN- The value of exports from Iran’s Pars Special Economic Energy Zone (PSEEZ) rose by 17 percent in the first month of the current Iranian calendar year (March 21-April 20), compared to the same month in the previous year.