April 25, 2018

Czech Republic’s “Toward Iran” aims to expand economic ties

TEHRAN - Czech Chamber of Commerce (CCC) has started implementing a scheme called ‘Towards Iran’ since two years ago which is aimed to expand economic relations with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIM...
April 25, 2018

Albania keen on boosting economic ties with Iran

TEHRAN-Albanian Deputy Foreign Minister Etjen Xhafaj expressed his country’s tendency for expansion of trade ties with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
April 25, 2018

Annual gas output to hit 250bcm by next March

TEHRAN- Iran’s annual gas export is planned to reach 250 billion cubic meters (bcm) by the end of current Iranian calendar year (March 20, 2019), according to National Iranian Gas Company (NIGC) Managing Director Hamidreza Araqi.
April 25, 2018

Iran, China ink MOU on establishing petrochemical park in Iran

TEHRAN – Iran’s National Petrochemical Company (NPC) and China Petroleum and Chemical Industry Federation (CPCIF) signed a memorandum of understanding (MOU) for strategic cooperation, ILNA news agency reported.
April 25, 2018

Iran’s trade with African countries up 23% in a year

TEHRAN – The value of trade between Iran and African countries increased by 23% in the past Iranian calendar year 1396 (ended on March 20, 2018), compared to its preceding year, the portal of Trade Promotion Organization of Iran (TPO) reported.
April 25, 2018

Tehran to host Iran-Europe banking, business forum in late April

TEHRAN – The sixth edition of Iran-Europe banking and business forum is due to be held at IRIB international conference center in Tehran on April 28 and 29, IRIB news agency reported.
April 25, 2018

€245m for Gasline in Southeastern Iran

The Iranian Gas Engineering and Development Company (IGEDC) has planned to invest €245 million on construction of a gas pipeline from the southeastern city of Iranshahr to Chabahar. IGEDC CEO Hassan Montazer Torbati said the 290-km pipeline will be commissioned by March 2020, end of the next Iranian calendar year. He said 56-inch, 42-inch, 20-inch […]
April 25, 2018

Capital Intelligence to open Office in Iran

By John Lee. Capital Intelligence (CI Ratings) reportedly intends to set up an office in Iran “by the end of the current year“. According to Tehran Times, Capital Intelligence Ratings Ltd. has been providing credit analysis and ratings since 1982, and now rates over 300 Banks, Corporates and Financial Instruments (Bonds & Sukuk) in 39 […]
April 25, 2018

Oil, gas, petchem sectors require $200b investment: Zanganeh

TEHRAN- Oil, gas and petrochemical sectors as the driver of Iran’s economy require $200 billion of investments for development in the coming years, Oil Minister Bijan Namdar Zanganeh said on Tuesday.
April 24, 2018

Iran’s central bank unveils online forex system

TEHRAN- The Central Bank of Iran (CBI) launched its Forex Management Integrated System, locally known as NIMA, in a bid to address the country's currency needs, boost transparency, create competitiveness among exchange shops and a secure environment fo...
April 24, 2018

IAC 2018 to host 12 countries in Tehran

TEHRAN- Companies from 12 countries are attending the fifth edition of Iran intl. aluminum conference and exhibition (IAC 2018) which kicked off in Tehran on Tuesday, IRIB news reported.
April 24, 2018

PMO supporting private sector in ports development

In a bid to bolster its foreign trade and also elevate its transit status, Iran has some projects underway to develop its ports which are located in north and south of the country.
April 24, 2018

Over 11m tons of goods loaded, unloaded at Iranian ports in a month

TEHRAN- More than 11 million tons of goods were loaded and unloaded at the ports of Iran during the first Iranian calendar month (March 21-April 20), IRNA reported on Monday citing the data released by the Ports and Maritime Organization (PMO).
April 24, 2018

ORG submits studies on Caspian Fields to NIOC

Norway’s ORG has submitted the result of its studies on Sardar Jangal and the three exploration blocs of 24, 26 and 26 of the Caspian Sea to the National Iranian Oil Company (NIOC). The Norwegian company offered the studies on the fields to NIOC in a meeting held with NIOC Deputy CEO for Engineering and […]
April 24, 2018

Iran completes first Oil-for-Goods supply to Russia

Iran has completed its first oil-for-goods supply to Russia. Under the agreement, Russia would buy 100,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. Russia’s Energy Minister Alexander Novak says the first Iranian oil supply to Russia under the oil-for-assets program has been completed and the two sides could extend […]
April 24, 2018

Why Iran moved to Unify Dual Exchange Rates

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 an abrupt move, Iran moved to unify its dual exchange rates — one official and the other the free market rate — on April 11 to prevent further depreciation of the rial, re-establish the […]
April 23, 2018

Iran Tech Weekly Recap | April 23, 2018

This week, we covered digital currencies banned by the Central Bank of Iran, U.S. sanctions on ZTE, the end of mobile phone smugglings and Iranian’s cost to be on Telegram.

The post Iran Tech Weekly Recap | April 23, 2018 appeared first on TechRasa.

April 23, 2018

CBI bans use of cryptocurrencies

TEHRAN- The Central Bank of Iran (CBI) officially banned the use of cryptocurrencies, such as bitcoin, in financial transactions.
April 23, 2018

Iranian chambers of commerce stimulating entrepreneurship throughout country

Entrepreneurship has come under the spotlight in many countries over the past decades and it has prompted the governments to adopt some new policies for promotion of entrepreneurship in their societies.
April 23, 2018

Iran’s Banks Banned from dealing in Cryptocurrencies

By John Lee. The Central Bank of Iran (CBI) has reportedly banned other banks from dealing in crypto-currencies. According to BBC News, the move comes on concerns that the technology could be used illegally, for money-laundering and financing terrorism. Earlier this month, Iran moved to formally unify its official and open market exchange rates, and […]