February 6, 2018

Iran-Armenia trade up 10.3% in 2017

TEHRAN – The value of trade between Iran and Armenia reached $263.5 million in 2017, a 10.3 percent increase compared to the previous year.
February 6, 2018

Dropping Interest Rates could Increase Inflation in Iran

By Navid Kalhor, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Real interest rates in Iranian money markets have risen to all-time highs under the administration of President Hassan Rouhani. This is due to the sharp reduction in inflation, which the administration boastfully declares as its […]
February 6, 2018

JICA to Finance two Iranian Power Plants

By John Lee. The Thermal Power Plants Holding Company has reportedly signed an agreement with the Japan International Cooperation Agency (JICA) for two power plants in Iran. Managing Director Mohsen Tarztalab said the agreement covers the Shahid Mofateh and Shahid Rajai power plants. He added that JICA’s estimated facilities for the two plants is $800 million. […]
February 6, 2018

Revival of Silk Road to Serve Iran’s National Interests

Head of Iran Chamber of Commerce, Industries and Mines Gholam Hossein Shafei said the revival of the ancient intercontinental Silk Road trade route could serve the Islamic Republic’s national interests. Addressing a meeting of the International Conference of Asian Political Parties (ICAPP) in Tehran on Saturday, Shafei pointed to the initiative of the Silk Road […]
February 6, 2018

700 MW of Clean Electricity to Be Added

Iran’s deputy energy minister said about 700 megawatts (MW) of electricity generated by the country’s clean power plants will be added to the national grid by late September 2018. Speaking to the Islamic Republic of Iran Broadcasting (IRIB), Seyed Mohammad Sadeqzadeh said the number of power plants generating electricity from renewable resources such as wind […]
February 5, 2018

Projects worth over $2.2bn open in Kerman

Projects in Golgohar Mining and Industrial Complex and other economic and infrastructural projects in Kerman province worth over 100 trillion rials ($2.2bn) have been opened in the presence of President Rouhani. Dr Hassan Rouhani also opened line 7 of ironstone concentrate production with a production capacity of 2 million a year. To construct the complex, […]
February 5, 2018

Iran’s Steel Production Target “Achievable”

By John Lee. According to a report from Platts, Iran’s target of boosting its steelmaking capacity from about 33 million mt/year now to 55 million mt/year by 2025 is achievable and could even be met ahead of deadline. Mohammad Abka, managing director of steel sector consultancy FIECO, is quoted as saying that the industry might […]
February 5, 2018

Increasing Production from Joint Fields, Iran’s Priority

Iranian Oil Minister Bijan Zanganeh made assurances that his ministry is determined to increase oil and gas production from joint fields with neighboring countries. Speaking to reporters in Tehran on Sunday, Zanganeh pointed to the country’s gas production in the South Pars gas field and said during the Iranian month of Dey last year (December […]
February 5, 2018

Iran “in Talks” to Purchase Daewoo Appliances

Entekhab Industrial Group, Iran’s largest home appliances maker, appears likely to buy South Korean appliance manufacturer Dongbu Daewoo Electronics, a report said. NH Investment & Securities Co., the South Korean lead manager, has been in talks with Entekhab’s consortium with the aim of signing a stock purchase agreement by the end of this month, they […]
February 5, 2018

Iran to become gas technical–engineering services exporter

TEHRAN- Iran is planning to become an exporter of technical and engineering services in gas sector, National Iranian Gas Company (NIGC) Managing Director Hamidreza Araqi announced.
February 5, 2018

Iran to become gas technical–engineering services exporter

TEHRAN- Iran is planning to become an exporter of technical and engineering services in gas sector, National Iranian Gas Company (NIGC) Managing Director Hamidreza Araqi announced.
February 5, 2018

Transit of goods via Iran rises 20% in 10 months

TEHRAN- Transit of goods through Iran rose 20 percent during the first 10 months of the current Iranian calendar year (March 21, 2017-January 20, 2018) compared to the same period of time in the past year.
February 5, 2018

TCCIMA inaugurates House of Economic Unions

TEHRAN- In a ceremony on Monday, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) inaugurated House of Economic Unions in a bid for creating more unity among members of the chamber and investigating their claims.
February 5, 2018

TCCIMA inaugurates House of Economic Unions

TEHRAN- In a ceremony on Monday, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) inaugurated House of Economic Unions in a bid for creating more unity among members of the chamber and investigating their claims.
February 5, 2018

Transit of goods via Iran rises 20% in 10 months

TEHRAN- Transit of goods through Iran rose 20 percent during the first 10 months of the current Iranian calendar year (March 21, 2017-January 20, 2018) compared to the same period of time in the past year.
February 5, 2018

Central Bank of Iran May Stop USSD Payments

Last week the Central Bank of Iran announced a statement on stopping USSD services in the country from the 4th of February. Later Iran’s ICT Minister announced that this decision is temporarily nullified.

The post Central Bank of Iran May Stop USSD Payments appeared first on TechRasa.

February 5, 2018

Road management requires $167m fund: transport min.

TEHRAN- Managing roads of the country requires eight trillion rials (about $167 million) of fund, Iranian Transport and Urban Development Minister Abbas Akhoundi said on Sunday.
February 5, 2018

Road management requires $167m fund: transport min.

TEHRAN- Managing roads of the country requires eight trillion rials (about $167 million) of fund, Iranian Transport and Urban Development Minister Abbas Akhoundi said on Sunday.
February 5, 2018

The case for Net Neutrality in Iran

By Holly Dagres, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. “Please see this link,” Iran’s minister of information and communications technology replied on Twitter after an internet freedom activist confronted him about net neutrality. Typically, Iranian government officials would ignore such affronts on […]
February 4, 2018

Over 5,000 electricity projects to come on stream by next week

TEHRAN- Some 5,317 electricity projects are scheduled to be inaugurated in the country on the occasion of Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islamic Revolution), Energy Minister Reza Ardakanian announced.