January 26, 2018

NIDC Eyes Iraqi Drilling Market

The National Iranian Drilling Company (NIDC) is planning to participate in neighboring Iraq‘s drilling tenders. Speaking to reported on the sidelines of an oil show in Kish Island, on Tuesday, Sepehr Sepehri, NIDC managing director, said the company’s approach is to secure itself a toehold in global markets, adding NIDC is planning to participate in […]
January 26, 2018

Iran, Belarus sign 8 MoUs

By John Lee. Iran and Belarus have reportedly signed eight memorandums of understanding (MoUs) in the fields of industry, car manufacture, medicine, oil and gas, agriculture, and regional cooperation. The deals include the manufacture of 1,000 Dena and Dena+ vehiclesi, increasing to 5,000 in five years, joint production of electric buses, as well as the manufacture […]
January 26, 2018

Iran’s absence at Davos sparks Speculation

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Despite reports that Iran’s foreign minister had canceled a scheduled trip to Davos to attend the World Economic Forum, Tehran says he never planned to participate in this year’s summit. On Jan. 21, Reuters said Foreign Minister Mohammad […]
January 26, 2018

Total’s activity in South Pars on schedule

TEHRAN- France’s Total is working on development project of Iran’s South Pars gas field (shared with Qatar in the Persian Gulf) based on the schedule, National Iranian Oil Company (NIOC) Deputy Director for Engineering and Development Gholamreza Manouc...
January 26, 2018

Iran’s current account balance at $21.6b in 2017: IMF

TEHRAN- According to the latest report released by the International Monetary Fund (IMF), Iran’s current account balance stood at $21.603 billion in 2017.
January 26, 2018

Iran’s risk rating improves: OECD

TERHAN- Iran’s rate in the country risk classification of the Participants to the Arrangement on Officially Supported Export Credits has improved to 5 in the latest report published by the Organization for Economic Cooperation and Development (OECD).
January 25, 2018

Home appliances export stands at $183m

TEHRAN- Iran exported $183 million worth of home appliances during the nine-month period ended on December 21, 2017, according to an official in Iran’s Trade Promotion Organization (TPO).
January 25, 2018

Tehran hosting Iran’s 1st intl. marine expo

TEHRAN - Iran’s First International Comprehensive Marine Exhibition (MarinEX 2018) kicked off on Wednesday at the Tehran Permanent International Fairgrounds.
January 25, 2018

Gold ingot output set to hit a record high of 6t

TEHRAN – Iran’s production of gold ingots is seen to reach the record high of six tons by the end of the current Iranian calendar year (March 20, 2018), IRNA reported quoting Iranian deputy industry, mining and trade minister as saying on Wednesday.
January 25, 2018

South Pars platform 14A installed on offshore spot

TEHRAN-Platform 14A of Iran’s South Pars gas field (in the Persian Gulf), which had been loaded at Bandar Abbas yard on January 2, was installed on its designated offshore spot on Wednesday, Shana news agency reported.
January 25, 2018

India and Iran enjoy age-old friendly ties, says Indian envoy to Tehran 

TEHRAN- On the occasion of India’s National Day, Indian Ambassador to Iran told the Tehran Times in an e-mail interview that his country and Iran have had a long history of good relations in cultural as well as economic affairs. 
January 24, 2018

Iran, Belarus sign 8 economic co-op documents

TEHRAN- Iranian and Belarussian industry ministers signed eight cooperation documents in various economic sectors, IRIB news reported on Wednesday.
January 24, 2018

Iran outstrips U.S. in gold, forex reserves: CIA

TEHRAN- A document released on the website of the U.S. Central Intelligence Agency (CIA) shows that Iran outstrips the United States in terms of reserves of foreign exchange and gold.
January 24, 2018

21 global shipping lines return to Iran’s major port in post sanctions

TEHRAN- Some 21 international shipping lines have returned to Iran’s southern port of Shahid Rajaie (in Hormozgan Province), after lifting of sanctions against the country in January 2016, according to a port and maritime official.
January 24, 2018

Is It Really Worth the Time and Energy to Launch a Startup in Iran?

If you’ve read a couple of our articles on TechRasa, you may have noticed the positive vibe that we try to display towards the tech scene in Iran. But of course, it’s not always rainbows and butterflies.

The post Is It Really Worth the Time and Energy to Launch a Startup in Iran? appeared first on TechRasa.

January 24, 2018

Rouhani moves to Loosen IRGC Grip on Economy

By Mohammad Ali Shabani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Rouhani moves to leverage unrest to loosen IRGC grip on economy In the aftermath of the recent protests in Iran, public announcements about a concerted effort to get the Islamic Revolutionary Guard Corps (IRGC) […]
January 24, 2018

Iran needs $3bn to Complete South Pars

A member of the Iranian parliament says the country will need to invest 3 billion dollars for completion of the remaining phases of South Pars gas field. Head of the parliament’s energy committee Fereydoon Hassanvand said most of the project’s development phases will come on-stream next calendar year, beginning on March 21, except for phase […]
January 24, 2018

Foreign Exchange Revenue Well Above Costs: President

Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future. In comments at a live televised speech on Monday night, President Rouhani gave an assurance that Iran’s foreign exchange revenue greatly exceeds the total foreign exchange costs, saying […]
January 24, 2018

Tehran hosting intl. exhibit on real estate, property

TEHRAN- The Fifth International Exhibition of Real Estate and Property of Iran kicked off at Tehran Permeant International Fairground on Tuesday and will run until Friday, IRIB news reported.
January 24, 2018

Belarus interested in buying more Iranian oil: minister

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Belarus has expressed willingness to buy more crude oil from Iran, Shana reported.