March 2, 2018

Iran Plans to Turn Jask to Oil Export Hub

Iran has defined plans to turn Jask Port into a major oil export terminal, a senior Iranian oil official said. Addressing an international conference on Monday, Nouredin Shahnazizadeh, the managing director of Petroleum Engineering and Development Company (PEDEC), said given the ongoing activities in the area, the port will turn into one of Iran’s main […]
March 2, 2018

Call for Soft Power to head off Water Crises

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranians call for soft power now to head off future water crises A senior military adviser to Iranian Supreme Leader Ayatollah Ali Khamenei called Feb. 27 for talks with Iraq and Afghanistan on water resources. At a two-day […]
March 1, 2018

Next year budget bill envisages $16b investment for employment plans

TEHRAN- Iran’s national budget bill for the next Iranian calendar year, starting March 21 has envisaged 734 trillion rials (about $16.398 billion) of investment to be made by the government to implement 12 job-creation plans, Government spokesman Moham...
March 1, 2018

Currency Crisis shakes Rouhani’s Middle-Class Base

By Saeed Jalili for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Barely over a month after economic grievances, mainly among the working class, sparked deadly protests across the country, fluctuations in the value of the Iranian currency — the rial — have generated grave disappointment with another key […]
March 1, 2018

Iran Supplies Senegal Police Fleet

Iran Khodro (IKCO) has supplied its first export cargo of Dena+ police cars to Senegal. The bi-fuel cars are equipped with special extras for police cars, and according to the company, have “prepared the ground for re-export of IKCO cars to the W...
March 1, 2018

Iran, Germany discuss Easing of Visa arrangements

Iran and Germany have held a joint consular meeting in Tehran to discuss a range of issues. The Tuesday meeting was co-chaired by directors for consular affairs from the foreign ministries of both countries. The Iranian and German delegations discussed different consular issues at the meeting, including easing and expediting the issuance of visas, especially […]
March 1, 2018

Downstream Petchem Projects Launched in Mahshahr

Iran has launched three downstream petrochemical projects in the southwestern city of Mahshahr, adding 146,000 tons per year to the country’s petrochemical production capacity. The projects were launched in a ceremony held with senior Iranian petrochemical and petroleum officials in attendance on Monday, NIPNA reported. The units are built in 115,350 square meters of land […]
February 28, 2018

Asia’s imports of Iranian oil in Jan. jumps 3.3% to 3-month high

TEHRAN – Four major Asian buyers of Iranian crude imported a total of 1.70 million barrels per day (bpd) from Iran in January, the highest volume since October, the data released by Reuters showed.
February 28, 2018

Phase 3 of Shahid Rajaee port development plan inaugurated

TEHRAN- The third phase of the development plan of Iran’s biggest container port, Shahid Rajaee port, was launched on Wednesday in southern Hormozgan province and in the presence of President Hassan Rouhani, Transport and Urban Development Minister Abb...
February 28, 2018

Minerals, mining exports rise 4.6% in 10 months

TEHRAN- Iran’s minerals and mining exports stood at $7.587 billion during the first ten months of the present Iranian calendar year (March 21, 2017-January 20, 2018) registering 4.6 percent growth in comparison with the same time in the previous year, ...
February 28, 2018

Swiss company to finance €1.1b manufacturing of subway wagons in Iran

TEHRAN – Swiss company Stadler Rail Group inked a deal with Iran’s Industrial Development and Renovation Organization (IDRO) on financing the joint manufacturing of subway wagons in Iran.
February 28, 2018

15 Projects with over $880m Credit in Hormozgan

President’s arrived at Hormozgan Airport minutes ago to meet with people and open a number of industrial and construction projects in the southern province. Upon arrival at Bandar Abbas International Airport, Dr Hassan Rouhani was welcomed by the Supreme Leader’s Representative to Hormozgan province Ayatollah Gholamali Naeim Abadi, Governor General of Hormozgan province Fereydoun Hemmati, […]
February 28, 2018

PRTC, PGPIC sign Cooperation Deal

The Petrochemical Research and Technology Company (PRTC) has signed a deal with the Persian Gulf Petrochemical Industries Company (PGPIC) for developing technical know-how for local manufacturing of strategic petrochemicals and catalysts in Iran. The document was signed in a ceremony held in the presence of PRTC Managing Director Esmaeil Ghanbari and PGPIC chief Adel Nejad […]
February 28, 2018

Iran Awards Tire-Plant contract to Linglong

China’s Shandong Linglong Tire Co. Ltd (Linglong) has signed an agreement as the EPC and non-EPC contractor for the construction of a greenfield tire plant in Iran, according to a senior official there. Speaking to ERJ, Massoud Mohammadi, CEO of Arya Hamoon Tire Co. said Linglong is expected to provide production technology for the project, […]
February 28, 2018

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Social Policy Specialist, UNICEF – United Nations Children’s Fund Health Specialist, UUNICEF – United Nations Children’s Fund Project Focal Point in Center for Di...
February 28, 2018

Dunro Raises Undisclosed Amount of Funding from Aftabnet Group

Dunro, an Iranian search-and-discovery app has received a local investment fund from Aftabnet Communication Group (ACG), one of the most active players in Iran’s marketing industry. This deal could further put Dunro ahead of the competition through the influence that its new investor has in the market.

The post Dunro Raises Undisclosed Amount of Funding from Aftabnet Group appeared first on TechRasa.

February 28, 2018

Serbia underlines development of trade ties with Iran

TEHRAN- Serbian Foreign Minister Ivica Dacic in a meeting with his Iranian counterpart Mohammad Javad Zarif called for expansion of Tehran-Belgrade trade ties, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
February 28, 2018

North-South Energy Corridor to start operating in August 2019

TEHRAN - The North-South Energy Corridor which connects the electricity networks of Iran, Russia, Armenia and Georgia is due to start operating in Shahrivar month of Iranian calendar year of 1398 (August 23-Septemebr 22, 2019), IRNA quoted Iranian Ener...
February 28, 2018

Iran-Iraq Oil Swap Delayed over Safety Concerns

By John Lee. A plan to export Iraqi crude oil by truck to Iran has reportedly been postponed due to security concerns. Under the oil-swap agreement, Iraq was to export 60,000 bpd of crude oil by truck from Kirkuk to Iran’s Kermanshah refinery (pictured), and ship back refined Iranian oil for southern Iraq. Hamid Hosseini, […]
February 28, 2018

FATF Extends Suspension of Counter-Measures against Iran

The Financial Action Task Force (FATF) has decided that Iran should not be added to its blacklist. The organisation, which is charged with taking action against money laundering and combating the financing of terrorism, said “given that Iran has draft legislation currently before Parliament, the FATF decided at its meeting this week to continue the […]