February 23, 2018

Iran ready to launch Petchem Projects

Iran is about to launch three major petrochemical projects which will add at least 146,000 tons to the country’s annual production capacity. The downstream projects will be launched in a ceremony slated for next week with Managing director of the National Petrochemical Company (NPC) Reza Norouzzadeh in attendance. The facilities are constructed with an investment […]
February 23, 2018

Iran considers 3 New Gas Research Institutes

A senior Iranian gas official says the country is planning to launch three specialized gas-research institutes in cooperation with leading universities and study centers. Speaking on the sidelines of a ceremony to launch the Gas Processing Institute of the Research Center of Petroleum Industry (RIPI), Hamid Reza Araghi, the managing director of National Iranian Gas […]
February 23, 2018

World Financial Watchdog keeps Punting on Iran

By Barbara Slavin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The world’s financial watchdog is poised to continue suspending punitive measures against Iran for six more months to avoid creating a new crisis at a time of political fragility inside the country and uncertainty over the […]
February 23, 2018

Iran to Withdraw from JCPOA If Benefits Remain Elusive

Iran will withdraw from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), if there is no economic benefit and major banks continue to avoid cooperation with the Islamic Republic, the deputy foreign minister said on Thursday. Under the deal with Britain, China, France, Germany, Russia and the United States, Iran […]
February 23, 2018

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Protection Coordinator, Norwegian Refugee Council (NRC) Head Of Field Office, United Nations High Commissioner for Refugees (UNHCR) Protection Assistant, United Nations High Commissioner...
February 22, 2018

Loans to economic sector increase 8% in 10 months

TEHRAN- Iranian banks gave 6.42 quadrillion rials (about $102.3 billion) of facilities to domestic economic sector during the 10 months ending to January 20, 2018, which shows eight percent growth in comparison with the same time span in the previous y...
February 22, 2018

Iran imported 66,196 cars in 11 months

TEHRAN- Iran imported 66,196 cars valued at over $1.756 billion during the elevn-month period ended on February 19, IRNA reported on Wednesday citing the data by Islamic Republic of Iran Customs Administration (IRICA).
February 22, 2018

31,500 industrial units to be renovated by Mar. 2019

TEHRAN- Iran Small Industries and Industrial Parks Organization has renewal of 31,500 industrial units on its agenda by the end of the upcoming Iranian calendar year (March 20, 2019), the organization’s managing director announced.
February 21, 2018

Inflation rate stands at 8.3%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate for the 12-month period ended on the last day of the eleventh Iranian calendar month Bahman (February 19) compared to the same period in the previous year hit 8.3 percent.
February 21, 2018

First train of SP phases 22-24 sweetening refinery comes online

TEHRAN- The first train of sweetening refinery of phases 22, 23 and 24 of Iran’s South Pars gas field was put into operation and the phases are ready to receive sour gas, according to the operator of the phases.
February 21, 2018

Total to maximize Iranian share in South Pars project

TEHRAN – Total has created a comprehensive database of Iranian contractors and equipment manufacturers to maximize the use of Iranian capacities in the development of phase 11 of Iran’s South Pars gas field, Shana reported on Wednesday quoting an oil o...
February 21, 2018

Fishery exports up 40% in 10 months yr/yr

TEHRAN – Fishery exports from Iran rose 40 percent during the ten-month period ended on January 20, 2018, compared to the same period of time in the past year, according to a fishery official.
February 21, 2018

Iran Sea Expo 2018 to be held in late Feb.

TEHRAN – Iran’s 5th International Maritime Organizations Exhibition (Iran Sea Expo 2018) is due to be held on February 24-26 at the permanent exhibitions center of southern port city of Bandar Abbas.
February 21, 2018

Iran-Uzbekistan Joint Economic Committee meeting slated for spring

TEHRAN – Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj, said Iran-Uzbekistan Joint Economic Committee meeting is slated to be held within early next Iranian calendar year (which begins on March 21).
February 21, 2018

Iran Attracts $10bn in Foreign Investment Post-JCPOA

Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said the country has managed to attract $9.7 billion in foreign investment since the coming into force of the 2015 nuclear deal with six world powers, known as the Joint Comprehensive Plan of Action (JCPOA). Addressing a festival held in Tehran in support of the country’s […]
February 21, 2018

Iran to hold Tenders for $5bn Oil Projects in 2018

The National Iranian Oil Company (NIOC) says it will hold tenders for the development of $5 billion worth of oil and gas projects in Iran during the new calendar year beginning on March 21. The NIOC managing director, Ali Kardor, said that the company has prepared the bidding documents for a package of about $5 […]
February 21, 2018

Tehran, New Delhi sign 15 MoUs

Iran and India have signed 15 documents and memoranda of understanding to deepen relations. These documents and memoranda of understanding were signed on Saturday in New Delhi by the high-raking officials of the two countries in the presence of the President of the Islamic Republic of Iran Dr Hassan Rouhani and the Prime Minister of […]
February 20, 2018

Stock market index sinks 669 points in a month

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) lost 669 points, or 0.7 percent, to 98,148 in the tenth Iranian calendar month Bahman (January 21-February 19), Tasnim news agency reported on Tuesday.
February 20, 2018

Intl. renewable energy exhibition to kick off on Feb. 21

TEHRAN – Tehran is going to be hosting the 10th International Exhibition of Renewable Energy and Energy Saving on February 21-24, ISNA reported.
February 20, 2018

Iran’s 10-month transit income up 20% on year

TEHRAN- Iran’s income from transit of goods increased 20 percent in the ten-month period ended on January 20, 2018, compared to the same period of time in the past year, according to an official at Trade Promotion Organization (TPO).