March 11, 2018

Iranian Lawmakers Block Cuts to Cash Handouts

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. The discontinuation of cash handouts for a large segment of Iranians has become a controversial issue in the initial draft budget for the next Iranian year (beginning March 21). Some suggest that this prospect […]
March 11, 2018

Iran Signs Trilateral Wheat Trade Deal

Iran, Russia and Kazakhstan have concluded a tripartite agreement on trading wheat. Deputy agriculture ministers of Iran, Russia and Kazakhstan signed the trilateral memorandum of understanding at a ceremony in Moscow. The ceremony was attended by Iran’s ambassador to Russia, Mahdi Sanaei, as well as a top official from the Eurasian Economic Union (EAEU). Last […]
March 11, 2018

Iran Moves Closer to Ditching Dollar in Trade Activities

Iran announced that purchase orders by merchants that are based on the dollar would no longer be allowed to go through import proceedings. By announcing the policy, which is in line with an official request by the Central Bank of Iran (CBI) and is specifically meant to address fluctuations in market rates of the dollar, […]
March 10, 2018

‘Developing joint fields’ gets biggest chunk of NIOC’s investment resources

TEHRAN – A review by the consolidated planning department of the National Iranian Oil Company (NIOC) showed that 56 percent of the company’s investment resources have been allocated to the development of joint oil and gas fields in the current Iranian ...
March 10, 2018

‘Developing joint fields’ gets biggest chunk of NIOC’s investment resources

TEHRAN – A review by the consolidated planning department of the National Iranian Oil Company (NIOC) showed that 56 percent of the company’s investment resources have been allocated to the development of joint oil and gas fields in the current Iranian ...
March 10, 2018

Dollar in doldrums

Iranians have been dealing with an ever-increasing devaluation of the rial since the beginning of the present Iranian calendar (March 21, 2017) but the major and unexpected depreciation occurred almost a month ago, in mid-February, when is supposed to ...
March 10, 2018

Dollar in doldrums

Iranians have been dealing with an ever-increasing devaluation of the rial since the beginning of the present Iranian calendar (March 21, 2017) but the major and unexpected depreciation occurred almost a month ago, in mid-February, when is supposed to ...
March 10, 2018

Iran Offers $3bn LOC for Iraq Reconstruction

By John Lee. Iran’s First Vice President, Es’haq Jahangiri, has said Iran is ready to provide Iraq with a line of credit (LOC) of “up to” three billion dollars to pave the way for the Iranian private sector’s active participation in the reconstruction of the country. According to Iran’s PressTV, he made the statement at […]
March 10, 2018

Jahromi’s First Online Press Conference: Twitter & Youtube Ban to Be Removed?

The Minister of ICT, Mohammad Javad Azari Jahromi, participated in the first online press conference. This conference was live to watch on Aparat, and had about 12,000 views.

The post Jahromi’s First Online Press Conference: Twitter & Youtube Ban to Be Removed? appeared first on TechRasa.

March 10, 2018

Private sector to fund $556m for construction of freeways across Iran

TEHRAN – Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC) signed 25 trillion rials (about $556.3 million) worth of deals with the country’s private sector for joint construction of 439 kilometers of freeways across ...
March 10, 2018

Private sector to fund $556m for construction of freeways across Iran

TEHRAN – Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC) signed 25 trillion rials (about $556.3 million) worth of deals with the country’s private sector for joint construction of 439 kilometers of freeways across ...
March 10, 2018

Over $4.5b of agricultural products exported in 10 months

TEHRAN- Iran exported over 4.7 million tons of agricultural products worth $4.542 billion during the ten-month period ended on January 20, according to the deputy agriculture minister for planning and economic affairs.
March 10, 2018

Over $4.5b of agricultural products exported in 10 months

TEHRAN- Iran exported over 4.7 million tons of agricultural products worth $4.542 billion during the ten-month period ended on January 20, according to the deputy agriculture minister for planning and economic affairs.
March 10, 2018

Iran’s imports form U.S. down 40% in 11 months

TEHRAN- Iran’s imports of goods from the U.S. during the 11-month period ended on February 19 fell 40 percent compared to the same period of time in the previous year, according to the data released by the Islamic Republic of Iran Customs Administratio...
March 10, 2018

Iran’s imports form U.S. down 40% in 11 months

TEHRAN- Iran’s imports of goods from the U.S. during the 11-month period ended on February 19 fell 40 percent compared to the same period of time in the previous year, according to the data released by the Islamic Republic of Iran Customs Administratio...
March 10, 2018

South Pars daily output to rise 56mcm in a year

TEHRAN- The daily production of gas from Iran’s South Pars gas field (shared with Qatar in the Persian Gul) will increase 56 million cubic meters (mcm) in the next Iranian calendar year (starting on March 21, 2018), according to the managing director o...
March 10, 2018

South Pars daily output to rise 56mcm in a year

TEHRAN- The daily production of gas from Iran’s South Pars gas field (shared with Qatar in the Persian Gul) will increase 56 million cubic meters (mcm) in the next Iranian calendar year (starting on March 21, 2018), according to the managing director o...
March 10, 2018

7,350 cars imported in a month

TEHRAN- Iran imported 7,350 cars in the eleventh Iranian calendar month of Bahman (January 21-February 19), according to the latest data announced by the Islamic Republic of Iran Customs Administration (IRICA).
March 10, 2018

7,350 cars imported in a month

TEHRAN- Iran imported 7,350 cars in the eleventh Iranian calendar month of Bahman (January 21-February 19), according to the latest data announced by the Islamic Republic of Iran Customs Administration (IRICA).
March 10, 2018

Iran cuts April crude prices for Asia to lure back buyers

TEHRAN - Iran has set April official selling price (OSP) of its Light crude oil for Asia 60 cents lower than the previous month, Reuters reported quoting an industry source with direct knowledge of the matter.