December 23, 2017

Iran willing to Normalize Ties with KRG

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran willing to normalize ties with KRG, but not without change Iran appears to be preparing to normalize its relations with Iraqi Kurdistan after two tumultuous months in which it helped Baghdad bring the Kurds to […]
December 23, 2017

Value added tax income up 28% in 7 months yr/yr

TEHRAN - Iran collected some 140 trillion rials (about $3.35 billion) in value added tax income during the first seven months of the current Iranian calendar year (ended on October 22, 2017), up 28 percent compared to last year’s same period.
December 23, 2017

New giant container vessels to boost IRISL’s global ranking to 16

TEHRAN – Four new giant container vessels are planned to be added to the Islamic Republic of Iran Shipping Lines (IRISL)’s fleet next year, Tasnim news agency reported on Friday quoting IRISL’s managing director as saying.
December 22, 2017

Iran welcomes Chinese Private Investors in Oil Projects

Iranian Minister of Petroleum Bijan Zangeneh said Iran and China enjoy extended relations in energy sector, calling on Chinese private investors to finance petroleum projects in Iran. Speaking at a meeting with visiting Wang Yanguo, Chairman of the Presidium, Vice President and Secretary General of China International Chamber of Commerce for the Private Sector (CICCPS), […]
December 22, 2017

Airbus “Ready to Finance Plane Purchases”

European aviation giant Airbus has voiced readiness to fund the country’s purchases of passenger planes, Head of Iran’s Civil Aviation Organization (CAO) Ali Abedzadeh said. Airbus, the French-Italian aircraft manufacturer ATR, and American aviation giant Boeing have already approached Iran to fund the purchases, Abedzadeh said on Sunday. He added that talks to choose the […]
December 22, 2017

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Information, Counselling and Legal Assistance (ICLA) Specialist, Norwegian Refugee Council (NRC) Logistics Manager, Norwegian Refugee Council (NRC) Shelter-WASH Officer (Emergency Respon...
December 22, 2017

Fara Bourse’s main index up 4.8% in a month

TEHRAN- IFX, the main index of Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), rose 4.8 percent in the ninth Iranian calendar month Azar (November 23-Decemebr 21), Tasnim news agency reported on Friday.
December 22, 2017

Iran’s exports to EU up 122% in Oct.

TEHRAN- Iran’s exports to Europe grew 122 percent in October, in comparison with the same month in 2016, European Union’s statistics agency Eurostat reported.
December 22, 2017

Iran seeks below 5% inflation rate

TEHRAN- Iran tries to push down its inflation rate to below five percent within the next few years, Central Bank of Iran (CBI) Deputy Governor Akbar Komijani announced addressing SEANZA's meeting of central bank governors in Tehran.
December 21, 2017

Jordan eager to expand trade ties with Iran’s private sector

TEHRAN – Jordan Chamber of Industry’s Chairman Adnan Abo Al-Ragheb said his country welcomes Iranian trade delegations to explore areas of economic cooperation.
December 21, 2017

Bank loans to economic sector grew 9.6% in 8 months yr/yr

TEHRAN- Iranian banking system’s offered facilities to domestic economic sectors during the first eight months of the current Iranian year (March 21- November 21, 2017) increased by 9.6 percent, in comparison with the same period in the year before, Ta...
December 20, 2017

Iran in urgent need of railway connected ports

While ports are the main places where the commodities enter and exit from Iran, just four ports in the country are connected to the railway network and railway accounts for just 14 percent of transportation from and to the ports.
December 20, 2017

Gazprom Neft, OIEC present 2 oilfields development plans to NIOC

TEHRAN - Russia’s Gazprom Neft PJSC along with Iran’s Oil Industries Engineering & Construction Group (OIEC) presented their plan proposal on development of Iran’s Azar and Changouleh oilfields to National Iranian Oil Company (NIOC) on Monday, IRIB new...
December 20, 2017

Iran’s 11-month crude steel output up 32% yr/yr: WSA

TEHRAN- Iran produced 19.791 million tons of crude steel during the first eleven months of 2017, with a 31.9 percent rise from the same period of time in the past year, according to the World Steel Association (WSA).
December 20, 2017

Iran Needs $4bn for Major LNG Project

Iranian Minister of Petroleum Bijan Zangeneh said Iran will need an investment of 4 billion dollars for completion of Iran LNG project. Speaking following a ceremony to sign two memoranda of understanding (MoUs) between National Iranian Oil Company (NIOC) and Russian gas giant Gazprom here in Tehran on Wednesday, Zangeneh said cooperation of Iran and […]
December 20, 2017

Armenia Opens New Economic Zone on Iranian Border

By John Lee. Armenia has opened a Free Economic Zone (FEZ) in the southern city of Meghri, on the border with Iran, with some 50-70 operators expected to be involved in the FEZ over the coming years. Prime Minister Karen Karapetyan is quoted as saying: “Our intentions are quite serious because we are convinced that the […]
December 20, 2017

MRC expands Iran Operations

Australian-based Mineral Commodities Ltd (ASX:MRC) through its wholly owned Iranian subsidiary Madan Rahjo Kanyab Company has announced that it has entered into agreements to acquire existing operations and to joint venture with in-country partners to explore and develop copper, gold, cobalt, nickel, zinc and potash-lithium projects in Iran. The Company has been actively establishing its […]
December 20, 2017

Iran could create its own “Energy Coin”

By John Lee. Iran could release crypto-currencies backed by oil and gas, according to a report from Trend. It quotes Sam Barden (pictured), Director of financial technology company SBI Markets, as saying: “Bitcoin would be secure, have intrinsic value, unlike the USD, and create direct trade between partners without the need for third party settlement. This […]
December 20, 2017

Etihad to End Flights to Tehran

By John Lee. Abu Dhabi-based Etihad Airways will reportedly stop flying to Tehran. According to Reuters, the airline will reduce its service from five flights per week to two from 25th December, before stopping completely on 24th January. No reason was given for the suspension, but the airline is currently engaged in a strategy review. […]
December 20, 2017

Modiseh Explores the Untapped Online Fashion Market in Iran

Although every day more and more shopping malls are popping up across Iran, there's one fashion e-commerce in the country which is offering products that are not easily found in retail shops. Modiseh is an online fashion e-commerce known for its exotic discounts and stylish fashion products in Iran.

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