March 28, 2018

Iran now Afghanistan’s biggest Trade Partner

By John Lee. Iran was reported to be Afghanistan’s biggest trade partner in the year to 21 March 2018. The Afghanistan Chamber of Commerce and Industries (ACCI) deputy chief Khan Jan Alokozay told TOLOnews that Afghanistan exported goods to the value o...
March 28, 2018

Rouhani Reaffirms Support for Knowledge-Based Companies

After opening a specialized pharmaceutical plant in Tehran, Iranian President Hassan Rouhani assured the private sector of his administration’s support for knowledge-based projects and research activities contributing to national production. “The administration will seriously support the whole private sectors in the field of production, particularly those doing knowledge-based activities and the activities on the basis […]
March 28, 2018

Iran, Ireland eye Increased Cooperation

By John Lee. The Iranian Ambassador to Dublin, Javad Kachouiyan, and the Chairman of Ireland’s Committee on Foreign Affairs and Trade, Brendan Smith (pictured), have met to exchange views on promoting cooperation in all fields, including information technology (IT), renewable energies, medicines, medical equipment, food and agricultural technology, leasing, aviation equipment and services and the […]
March 28, 2018

New US Sanctions on Iran: Full Details

On Friday, in a coordinated action with the U.S. Department of Justice, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one Iranian entity and 10 Iranian individuals under Executive Order (E.O.) 13694, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities,” as amended. The entity and individuals designated engaged in the theft of valuable intellectual property and data from hundreds of U.S. and third-country universities and a media company for private financial gain. “Iran is engaged […]
March 28, 2018

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Livelihoods and Food security Assistant, Norwegian Refugee Council (NRC) Finance Assistant – Teharn based (Iran Nationals Only), Norwegian Refugee Council (NRC) Accountability Assistant, Norwegian Refugee Council (NRC) Monitoring and Evaluation Manager, Norwegian Refugee Council (NRC) Administrative Assistant, United Nations Educational, Scientific and Cultural Organization (UNESCO) […]
March 25, 2018

Industrial, mineral exports on the rise

TEHRAN – Iran exported $14.64 billion of industrial products and $1.937 billion of mineral products in the first 11 months of the past Iranian calendar year, an increase of 9.1 percent and 60.3 percent respectively year on year, ISNA reported.
March 25, 2018

Over $10b invested in development projects

TEHRAN – Some 500 trillion rials (around $10.5 billion) was invested in development projects in the previous Iranian calendar year, ended on March 20, said Mohammad Baqer Nobakht, head of Budget and Planning Organization.
March 23, 2018

Shiraz Refinery plans Euro-5 Gasoil Production

Iran’s Shiraz Refinery has signed a deal with UK’s Honeywell UOP for buying the license and basic design of a unit to produce Euro-5 gasoil, the refinery’s CEO said. UOP is a leading international supplier and technology licensor for the petroleum refining, gas processing, petrochemical production and major manufacturing industries. Rehim Shamsedini, the CEO of […]
March 23, 2018

Iran’s Break with Dollar Easier said than done

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. A little over two weeks ago, Iran eliminated another function of the US dollar in its internal workings in a move positioned amid yearslong plans to reduce dependency on the greenback. The consequences will […]
March 23, 2018

Iran Eyes Closer Ties with Tunisia

Iranian President Hassan Rouhani said he sees a promising prospect for bilateral relations with Tunisia in various fields. In a letter to his Tunisian counterpart on Tuesday, President Rouhani congratulated the Arab government and nation on the anniversary of its Independence Day. In his message, the Iranian president has expressed confidence that strong will of […]
March 22, 2018

Total to Seek Waiver If US Reimposes Sanctions on Iran

Total CEO Patrick Pouyanne said on Sunday that the French oil and gas company would seek a waiver to continue the development of an Iranian gas field should the United States decide to re-impose sanctions. Speaking in an interview with The National newspaper while on a visit to the United Arab Emirates, Pouyanne said Total’s […]
March 22, 2018

Can European Business and Tech save Iran Deal?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. One of the current concerns of international companies planning to do business in Iran is the threat of a US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) and the reintroduction of US […]
March 22, 2018

$6bn Oil Projects for Local Contractors in 2018

Iranian Minister of Petroleum Bijan Zangeneh says over 6 billion dollars worth of oil contracts will be signed with local E&P, EPC and drilling companies next calendar year, beginning on March 21. Addressing a ceremony for signing Sepehr-Jofeir fields’ development contract, the official said the Iranian Ministry of Petroleum has arranged for assigning major projects […]
March 21, 2018

Iran Has over 100 Oil, Gas Fields to Develop

Iranian Oil Minister Bijan Namdar Zanganeh praised the capabilities of domestic energy companies to develop oil and gas fields and said the country has more than 100 fields, which can be developed by the Iranian exploration and production (E&P) companies. Speaking at a ceremony to sign a contract between the National Iranian Oil Company (NIOC) […]
March 21, 2018

NIOC signs $2.4bn Oil Deal with Local Firm

The National Iranian Oil Company (NIOC) and Pasargad Energy Development Company (PEDC) have signed a contract for the integrated development of Sepehr and Jofeir Fields with an estimated CAPEX of 2.4 billion dollars. The CEOs of NIOC CEO (Ali Kardor) and PEDC (Mehdi Mir Mo’ezi) signed the contract here in Tehran on Sunday, only three […]
March 21, 2018

Human Rights Defenders “Beaten” in Iranian Jail

UN experts alarmed by reports of human rights defenders beaten in Iran jail UN human rights experts have expressed concern at the continued targeting of human rights defenders in Iran, including about reports that two well-known women human rights defenders have been subjected to beatings in detention. Atena Daemi and Golrokh Ebrahimi Iraee were transferred […]
March 20, 2018

Kermanshah connected to National Rail Network

The president opened the 110-kilometer long Firouzan-Kermanshah railway on Tuesday, hours before the turn of the new year. Dr Hassan Rouhani appeared in Kermanshah Railway Station and opened the Firouzan-Kermanshah railway project, ordering the first passenger train to leave Kermanshah for the holy city of Mashhad. When opening the project, the president said: “I open […]
March 20, 2018

The 3 Best Places To Work in Iran

Sanofi, Novonordisk and Novartis Iran were awarded the best places to work in Iran for 2018, according to the annual Workplace program driven by the prestigious global research firm BPTW and conducted among different companies operating in Iran from different business sectors. Best Places to Work program is an international program providing employers in different regions […]
March 20, 2018

Ban on Iranian Airline’s ATR Flights Lifted

The Civil Aviation Organization of Iran lifted a month-long ban that prevented the Aseman Airlines from operating its ATR planes after a fatal crash in February. The public relations department of the Civil Aviation Organization said the temporary halt on the employment of ATR 72-200 and -500 models by Aseman has been lifted after release […]
March 20, 2018

Energy min. in Brasilia to attend 8th edition of World Water Forum

TEHRAN- Iranian Energy Minister Reza Ardakanian, heading a delegation, left Tehran for Brasilia on Sunday to attend the 8th edition of the World Water Forum which is running from March 18 to 23, IRNA reported.