April 21, 2018

Iran, Spain to hold Joint Oil-Gas Workshop

Iranian and Spanish companies have planned to hold the first joint oil and gas joint workshop between the two countries parallel with the 23rd Iran Oil Show in Tehran in May. The workshop will be held on May 7, the second day of the oil show which is slated for May 6 to 9 at […]
April 21, 2018

Proton to Return to Iran

By John Lee. Malaysian automaker Proton Holdings will reportedly return to Iran. According to New Straits Times, Proton’s parent company set up Proton Motor Parsian Company (Ltd) (PMPC) on 10th April. The new company will assemble cars with compl...
April 21, 2018

IDRO to create 30,000 jobs in 4 years

TEHRAN- Head of Iran’s Industrial Development and Renovation Organization (IDRO) announced that within the next four years the organization will create 30,000 jobs using 500 trillion rials (about $11.9 billion) of investments, Shata news reported on Fr...
April 21, 2018

IGTF 2018 hosting 43 foreign companies in Tehran

TEHRAN – The third edition of Iran’s international horticulture trade fair also known as Iran Green Trade Fair (IGTF 2018) kicked off at the Tehran Permanent International Fairgrounds on Thursday.
April 20, 2018

Iran Replaces US Dollar with Euro

Iran Replaces US Dollar with Euro as Official Reporting Currency The Iranian cabinet on Wednesday approved a plan to replace the US dollar with euro in reporting foreign currency amounts. During a meeting chaired by Iranian President Hassan Rouhani in Tehran on Wednesday, the cabinet obliged all ministries, and governmental organizations and companies to use […]
April 20, 2018

Telegram in Iran on verge of being Blocked

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The popular messaging app Telegram is seemingly drawing its last breaths in Iran as a number of reports indicate its likely imminent blocking. Telegram has more than 40 million users in Iran and is widely believed […]
April 20, 2018

Unilever pleased with Omo’s Iran Roll-Out

By John Lee. Unilever has announced that the roll-out of its Omo washing powder brand into Iran has “continued to perform well“. In its first-quarter results, the Anglo-Dutch multinational also declared a share buy-back programme of up to ...
April 20, 2018

First Iran-Spain joint oil, gas task force due in early-May

TEHRAN – Iran and Spain are due to establish their first ever oil and gas task force on the sidelines of the 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2018) on May 7.
April 20, 2018

Iran seeking new LPG customers

TEHRAN- Iran is seeking new target markets for the export of its liquefied petroleum gas (LPG), according to Iranian Gas Commercial Company (IGCC) Managing Director Mohammad-Ali Barati.
April 20, 2018

Tehran, Ankara moving to dump dollar in trade

Iran’s financial system has intensified its efforts to establish ties with a number of countries based on the national currencies, as the U.S. sanctions against the country have complicated transactions in dollars.
April 19, 2018

Is Iranian state TV’s Monopoly at Risk?

By Rohollah Faghihi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Islamic Republic of Iran Broadcasting (IRIB), Iran’s state TV, has the sole monopoly over domestic radio and television services and is independent of successive Iranian governments. The head of IRIB, who is appointed by […]
April 19, 2018

IMF sees Iran’s GDP growth at 4% in 2018

TEHRAN - The International Monetary Fund (IMF) in its latest World Economic Outlook titled “Cyclical Upswing, Structural Change” predicted a four-percent real gross domestic product (GDP) growth for Iran in 2018, down 0.3 percent from 4.3 percent in 20...
April 18, 2018

Finnish Fast Food Chain Opens in Tehran

By John Lee. Finnish fast food chain Hesburger has opened an outlet in Tehran. The restaurant, in Tehran’s Pars district, is run by a local franchise entrepreneur. Hesburger CEO Kari Salmela said: “Iran has a market of 80 million customers, who don’t yet have access to Western burger restaurants … We see it as an […]
April 18, 2018

EU Extends Sanctions on Iran for Human Rights Violations

The Council of the European Union has voted unanimously to extend its “restrictive measures” (sanctions) against Iran by one year due to human rights violations. These measures consist of: a travel ban and an asset freeze against 82 people and one entity. a ban on exports to Iran of equipment which might be used for […]
April 18, 2018

Iran replaces dollar with euro in financial reporting

TEHRAN- The Iranian cabinet on Wednesday ordered all state-run organizations and companies to replace U.S. dollar with euro in reporting their financial statements, IRNA reported.
April 18, 2018

Direct foreign investments running 88 industrial projects

TEHRAN- Iranian industry, mining and trade minister announced that 88 industrial projects are being implemented in Iran using foreign direct investments, IRNA reported on Wednesday.
April 18, 2018

Iran, Russia mulling over renewal of oil-for-good pact

TEHRAN – Iran and Russia are negotiating the extension of the agreement on oil supplies to Russia under the oil-for-goods program for five years, Tass reported quoting Russia’s oil minister as saying on Tuesday.
April 18, 2018

IMF sees Iran’s GDP growth at 4% in 2018

TEHRAN - The International Monetary Fund (IMF) in its latest World Economic Outlook titled “Cyclical Upswing, Structural Change” predicted a four-percent real gross domestic product (GDP) growth for Iran in 2018, down 0.3 percent from 4.3 percent in 20...
April 18, 2018

Over 1,000km of gas supply pipeline to become operational by next Mar.

TEHRAN- Over 1,000 kilometers of gas supplying pipeline will become operational by the end of current Iranian calendar year (March 20, 2019), according to a gas official.
April 18, 2018

PMO to reduce port, maritime tariffs noticeably in current year

TEHRAN- Iran’s Ports and Maritime Organization (PMO) will reduce tariffs on maritime and port activities significantly in the current Iranian calendar year (begins on March 21), the organization’s managing director, Mohammad Rastad, announced in a pres...