February 20, 2018

US Moves Against “Illicit Iran Aircraft Network”

The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has acted against Turkish national Gulnihal Yegane and three affiliated Turkish companies who are involved in illicitly procuring and supplying Iranian airlines with U.S.-origin aircraft engines and spare parts. The action, called a “temporary denial order” (TDO), suspends the export privileges of Gulnihal Yegane (“Yegane”), […]
February 20, 2018

What Trump needs to know about Iranians

By Seyed Hossein Mousavian for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Ever since the 1979 Islamic Revolution, the implicit goal of US strategy toward Tehran has with rare exception been to subvert the Iranian political system. Under President Donald Trump, regime change has been adopted […]
February 20, 2018

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Advocacy and Communication Officer, Norwegian Refugee Council (NRC) Project Focal Point in Prisons Organization – HIV/AIDS Component, United Nations Development Programme (UNDP) (...
February 20, 2018

EU considers Connecting Iran to Southern Gas Corridor

The EU is ready to discuss the possibility of connecting Iran to the Southern Gas Corridor, European Commission Vice-President for Energy Union Maros Sefcovic said at a press conference in Baku. This will also depend on Iran’s strategy, as presently the country mainly focuses on increasing oil export, Sefcovic said Thursday following the Fourth Ministerial […]
February 20, 2018

IDRO-Oil signs MoU with Zarubezhneft

Gostaresh Iranian Oil And Gas Industries Development Company (IDRO-Oil) has signed a memorandum of understanding (MoU) with Russia’s Zarubezhneft for carrying out studies on Iran’s Susangerd oilfield. Following the signing of the document, IDRO-Oil managing director said his company has signed an memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) for carrying […]
February 20, 2018

Iran to process Russian Wheat for Iraqi Flour Market

By John Lee. Iran is said to be negotiating a deal to import around 100,000 tonnes of wheat per month from Russia, enabling private millers it to increase flour exports to Iraq. Iraq imports about 3 million tons of flour a year, almost half of its demand of 6.9 million tons a year. According to […]
February 19, 2018

Iran Tech Weekly Recap | Feb 19, 2018

Every week we’ll be bringing you the highlights of Iran’s tech scene in the past week. This week, we covered Iran’s great capacity to issue its own cryptocurrency, USSD service’s safety guarantee, ICT developments in 5 years, new ride-hailing apps and the incident at Snapp’s Kerman office.

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February 19, 2018

IME trade almost $22b since last Mar.

TEHRAN- According to the latest released data, the total value of trade transactions in Iran Mercantile Exchange (IME) from the start of current Iranian calendar year (March 21, 2017) till February 15, 2018 stood at more than 1.013 quadrillion rials (o...
February 19, 2018

Joblessness rate in autumn at 11.9%

TEHRAN- Iran’s unemployment rate in autumn 2017, which corresponds to the third quarter of current Iranian calendar year (September 23-December 21, 2017), stood at 11.9 percent, down 0.4 percent compared to the figure in the same season in 2016, the St...
February 19, 2018

Sarajevo eager for expansion of economic ties with Tehran

TEHRAN - Bosnia and Herzegovinian Minister of Foreign Trade and Economic Relations Mirko Sarovic has expressed his country’s interest in expansion of economic ties with Iran, IRNA reported on Sunday.
February 18, 2018

Permanent expo of Iranian products to be inaugurated in Almaty

TEHRAN- A permanent exhibition and trade center for Iranian products is due to be inaugurated in Kazakhstan’s Almaty, the portal of Iran’s Trade Promotion Organization (TPO) announced.
February 18, 2018

West Karoun: fields with promise for Iran’s oil industry

In the last few years, especially after the implementation of the nuclear deal (known as the Joint Comprehensive Plan of Actions or JCPOA), Iran’s oil industry has been strongly focused on developing joint oil and gas fields, aiming to increase the sev...
February 18, 2018

Value of Imported Mobile Phones into Iran Reaches 342 Million USD

According to Iran Customs, the value of imported cellular handset into the country amounted to 342 million U.S. dollars in the past 10 months. 

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February 18, 2018

Iranian light oil price at $63.14 in a week

TEHRAN- Iran’s light crude oil price fell $3.18 in the week ended on February 9 to settle at $63.14 per barrel, Shana reported on Saturday.
February 18, 2018

Russia’s Zarubezhneft inks MOU in Iran on oilfield development

TEHRAN – Russian oil company Zarubezhneft signed a memorandum of understanding (MOU) with Gostaresh Iranian Oil and Gas Industries Development Company (also known as IDRO Oil) for cooperation on the development of Sousangerd oil field in southwest Iran.
February 18, 2018

Sponge iron production up 14% in 10 months yr/yr

TEHRAN- Iran’s production of sponge iron in the ten-month period ended on January 20 rose 14 percent compared to the same period of time in the past year, Industrial Development and Revolution Organization (IDRO) announced.
February 17, 2018

Trade between Iran, EU grows 53% in 2017

TEHRAN- Iran-European Union trade in 2017 increased by 53 percent in comparison with the year before, according to European Union’s statistics agency Eurostat.
February 17, 2018

Agreements signed to boost economic, agricultural, development co-op

TEHRAN- Iran and India inked several cooperation agreements on economy, agriculture, and development in New Delhi and in the presence of Iranian President Hassan Rouhani and Indian Prime Minister Narendra Modi on Saturday, Iranian presidential website ...
February 17, 2018

Over $146m of state-owned shares divested since last Mar.

TERHRAN- Iranian Privatization Organization (IPO) has transferred 6.849 trillion rials (about $146.06 million) worth of the state-run shares to the private sector since the beginning of the current Iranian calendar year (March 21, 2017), Tasnim news ag...
February 17, 2018

Iran’s National Monitoring Report of Business Environment – Fall 2017

According to the results of Iran’s National Monitoring report of Business Environment in the fall of 2017, the national business index was 5.85 (10.0 being the worst) which is somewhat worse than last season’s evaluation (5.77 in the summer).

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