December 1, 2017

TCCIMA seeks stronger ties with Italy, Belgium

TEHRAN – A delegation from Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) explored new avenues of cooperation with Italian and Belgian counterparts during the 2nd Iran-Italy business forum in Rome and Iran’s investment opportuni...
December 1, 2017

U.S. firms “main losers” of sanctions: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said U.S. energy firms are the main losers from the sanctions placed against his country.
November 30, 2017

Iran Up (Slightly) in Prosperity Index

By John Lee. Iran has risen one place in this year’s Legatum Institute Prosperity Index, ranking in 117th place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. According to […]
November 30, 2017

Iran’s Power Generation Capacity Nears 78,000 MW

Iran’s nominal capacity to produce electricity has reached about 78,000 megawatts (MW) following the connection of a number of power plants to the country’s national grid over the past two weeks. The country’s overall nominal capacity to generate electricity has increased by 381 MW over the past two weeks, reaching 77,987 MW. During the mentioned […]
November 30, 2017

Iran Plans 15mt/y Methanol Export by 2022

Iran will be exporting 15 million tons/year of methanol by 2022, an Iranian petrochemical official says. Addressing a specialized conference on nitrogen and synthesis gas, Managing Director of Tamin Petroleum & Petrochemical Investment Company (TAPPICO) Mohammad Hassan Peyvandi said Iran has plans to boost its methanol exports and propane production by the next 5 years. […]
November 30, 2017

Iran to transfer Vegetable Farms to Greenhouses

By John Lee. Iran reportedly plans to transfer all vegetable farms to greenhouses within the next 10 years. The Ministry of Agriculture intends to increase the country’s greenhouse area to more than 48,000 hectares by the end of 2025, up from 12,157 hectares currently. It expects to produce 21 million tons of agro products annually […]
November 30, 2017

Earthquake Response shows Iranians’ Nationalism, Mistrust of Authorities

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. A powerful 7.3 magnitude earthquake struck an area straddling the Iran-Iraq border on Nov. 12. Iran’s western province of Kermanshah was the hardest hit with over 400 fatalities. Sympathies immediately began pouring in from […]
November 30, 2017

Iran-China trade up 22% in Jan.-Oct.

TEHRAN – Trade between Iran and China during the first 10 months of 2017 reached $30.4 billion, registering a 22 percent rise compared to the same period last year.
November 30, 2017

Iran-China trade up 22% in Jan.-Oct.

TEHRAN – Trade between Iran and China during the first 10 months of 2017 reached $30.4 billion, registering a 22 percent rise compared to the same period last year.
November 29, 2017

Iran oil price posts a weekly gain of 82 cents

TEHRAN- Iran’s light crude oil price rose 82 cents in the week ended on November 24 to settle at $62.08, IRNA reported on Wednesday.
November 29, 2017

Iran oil price posts a weekly gain of 82 cents

TEHRAN- Iran’s light crude oil price rose 82 cents in the week ended on November 24 to settle at $62.08, IRNA reported on Wednesday.
November 29, 2017

6 Successful Iranian Women Entrepreneurs You Should Know About

There are many women who have had a great influence on Iran's startup ecosystem since the early days of its inception. Here are 6 successful Iranian women entrepreneurs you should know about.

The post 6 Successful Iranian Women Entrepreneurs You Should Know About appeared first on TechRasa.

November 29, 2017

Iran to sign Preferential Tariff Deal with EEU

By John Lee. Iran and the Eurasia Economic Union (EEU) have reportedly finalized negotiations on a preferential tariff agreement. Addressing a meeting of Iranian and Armenian businessmen in Yerevan on Tuesday, Iranian Foreign Minister Mohammad Javad Zarif (pictured) said: “The establishment of EAEU-Iran cooperation can ensure progress in the development of Armenian-Iranian economic ties.” Edward […]
November 29, 2017

Turkish-Iranian Gold Trader Pleads Guilty

By John Lee. Prosecutors in the United States have reportedly revealed that a wealthy Turkish-Iranian gold trader has agreed to testify about what is claimed to be a “vast corruption scheme they say reached into the upper levels of the Turkish government.“ Associated Press says that Reza Zarrab (34) is expected to outline how he […]
November 29, 2017

Uzbekistan Keen to Invest in Iranian PetChem Projects

Uzbekistan has expressed willingness to invest in Iran’s petrochemical projects, the managing director of Iran’s National Petrochemical Company (NPC) said. Tashkent is eager to make investment in Iran’s petrochemical projects, methanol-to-olefin projects in particular, Reza Norouzzadeh said recently following a meeting with Alisher Sultanov, deputy Prime Minister of Uzbekistan, in Tehran, Shana reported. Two Iranian […]
November 29, 2017

Sharp Decline in Iranian Steel Imports

By John Lee. Platts reports that Iranian steel imports fell 33 percent to 1.2 million mt in the first seven months of the year (April-October), citing data from the Iranian Steel Producers’ Association (ISPA). Over the same period, only 26,000 mt of semi-finished products were imported, a fall of 83 percent, along with 501,000 mt […]
November 29, 2017

Iran “Keen on Keeping Ties” with Norwegian Shipbuilders

An Iranian tanker official says facilitating banking relations between Iran and Norway is a necessity for boosting ties of the two countries in shipbuilding industries, voicing Iran’s keenness to maintain relations with Norwegian shipbuilders. Addressing the Iran-Norway Bilateral Maritime Opportunities conference in Oslo on Thursday, Managing Director of the National Iranian Tanker Company (NITC) Sirous […]
November 29, 2017

Hungarian trade delegation due in Tehran in early Dec.

TEHRAN – A high-ranking Hungarian trade delegation is due to visit Tehran to attend an Iran-Hungary business forum slated for December 3, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced.
November 29, 2017

Hungarian trade delegation due in Tehran in early Dec.

TEHRAN – A high-ranking Hungarian trade delegation is due to visit Tehran to attend an Iran-Hungary business forum slated for December 3, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced.
November 28, 2017

What to expect from OPEC’s 173rd meeting

In November 2016, OPEC nations joined hands with other oil producing countries like Russia, Mexico, Kazakhstan and Oman to rebalance an oversupplied oil market helping the prices surge from a dramatically low point.