November 15, 2017

Iranian banks’ 7-month loans to economic sector up 12.6% on year

TEHRAN- The Central Bank of Iran (CBI) announced that the Iranian banks provided domestic economic sectors with above 3.13 trillion rials (about $76.2 million) of loans during the first seven months of the current Iranian calendar year (ending on Octob...
November 15, 2017

Austria calls for increasing trade volume with Iran

TEHRAN – Austrian ambassador in Tehran expressed his country’s willingness for increasing the volume of trade with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Wednesday.
November 15, 2017

Pakistan due to finalize FTA with Iran next week

KARACHI- A Pakistani trade delegation is scheduled to visit Tehran on November 21 and 22 for finalizing a free trade agreement (FTA) with Iran, according to the commercial counselor of Pakistan to Tehran.
November 15, 2017

Pakistan due to finalize FTA with Iran next week

KARACHI- A Pakistani trade delegation is scheduled to visit Tehran on November 21 and 22 for finalizing a free trade agreement (FTA) with Iran, according to the commercial counselor of Pakistan to Tehran.
November 15, 2017

EU Commissioner to Help Resolve Iran’s Banking Problems

Visiting European Union Commissioner for Agriculture and Rural Development Phil Hogan vowed to make efforts to help resolve banking problems hampering Iran’s foreign trade with the 28-nation bloc. Speaking at a press conference in Tehran on Saturday, Hogan highlighted the reasons behind the existence of banking problems hampering Iran-EU trade two years after the Iran […]
November 15, 2017

Germany’s Siemens Delivers 2nd F-Class Turbine to Iran

Siemens, the German industrial group, has shipped the second F-class gas tribune to Iran, a report said. Siemens has shipped the second F-class gas turbine for the project Bandar Abbas to Iran, Iranian media reported on Saturday. The first of the two F-class gas turbines to be used at the Bandar Abbas power station was […]
November 15, 2017

Iran-US Trade Drops 21% in 9 Months

The total value of bilateral trade between Iran and the US over the first nine months of 2017 has decreased by 21 percent, according to the latest data released by the US Census Bureau. The bilateral trade between the Islamic Republic and the US from January to September amounted to $140 million, showing a 21% […]
November 15, 2017

Intimidated by US, Major Banks Avoid Working with Iran

A member of Iran’s Money and Credit Council attributed major global banks’ reluctance to build banking links with Iran to the US government’s intimidating policies and obstructionism. Conditions are not still set for Iranian banks to make connection with the world’s top banks, Bahman Abdollahi, member of the highest policy-making body in the Central Bank […]
November 15, 2017

EU Ministers Voice Support for JCPOA

Foreign ministers of the three European parties to the Joint Comprehensive Plan of Action (JCPOA) emphasized the necessity for saving the nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a meeting before a gathering of the EU Foreign Affairs Council (FAC) meeting in Belgium’s capital of […]
November 15, 2017

Iran’s October oil output at 3.823m bpd: OPEC

TEHRAN- According to OPEC’s latest monthly report published on November 13, oil production in Iran stood at 3.823 million barrels per day (bpd) in October, falling 12,000 bpd from 3.835 million bpd in September, based on secondary sources.
November 15, 2017

Iran’s October oil output at 3.823m bpd: OPEC

TEHRAN- According to OPEC’s latest monthly report published on November 13, oil production in Iran stood at 3.823 million barrels per day (bpd) in October, falling 12,000 bpd from 3.835 million bpd in September, based on secondary sources.
November 15, 2017

Tehran to host ECO’s next CHCA meeting

TEHRAN – Iran has been chosen to host the next meeting of Economic Cooperation Organization (ECO) Council of Heads of Customs Administration (CHCA), IRIB news reported on Tuesday.
November 14, 2017

Total May Have to Rethink Iran Deal due to Trump

Total Chief Executive Officer Patrick Pouyanne said US President Donald Trump’s new aggressive approach to Iran could kill a huge energy investment the French oil and gas major signed with Tehran just four months ago. “Either we can do the deal legally if there is a legal framework,” Pouyanné told CNN on Monday. “If we […]
November 14, 2017

Iran “Intends to Legalize Bitcoin”

By John Lee. The Iranian government reportedly intends to legalize the crypto-currency Bitcoin as a legal tender. Iran’s Minister of Information and Communication Technologies is quoted by Novinite as saying that his ministry has carried out research to prepare the necessary infrastructure for the use of Bitcoin. He said that he believes that the legalization of […]
November 14, 2017

ATR Says to Deliver More Aircraft to Iran

The chief executive of the French-Italian aircraft manufacturer ATR said the company plans to deliver eight more aircraft to Iran by the year’s end. ATR aims to deliver another eight aircraft to Iran by the end of the year after delivering six so far this year under US export licenses issued following the lifting of […]
November 14, 2017

Iran Announces Public Mourning as Quake Death Toll Rises to 445

The Iranian cabinet on Monday announced Tuesday as a public mourning day after the number of people killed in an earthquake that struck the country’s western province of Kermanshah has risen to 445. According to official tallies, 445 Iranians were confirmed dead as of Monday evening and over 7,156 others were also injured after the […]
November 14, 2017

Video: Iran Pledges Swift Aid after Earthquake

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Thousands of homeless Iranians sought shelter from bitter cold on Tuesday as President Hassan Rouhani promised swift help after a...
November 14, 2017

Video: UK’s Foreign Secretary says Sorry for Blunder

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The UK’s Foreign Secretary has apologised for causing distress to a British citizen jailed in Iran, and her family. Nazanin Zaghari-Ratcliffe is facing charges of spreading propaganda. Boris Johnson has reportedly complicated the […]
November 14, 2017

ATR to deliver 8 aircrafts to Iran by 2018

TEHRAN- ATR aims to deliver another eight aircrafts to Iran by the end of the year after delivering six so far this year under U.S. export licenses issued following the lifting of international nuclear-related sanctions in 2016, Chief Executive Christi...
November 14, 2017

TCCIMA delegation holds talks with Austrian, Slovakian counterparts

TEHRAN- An Iranian trade delegation from Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) explored avenues of further cooperation with their Slovakian and Austrian counterparts respectively at Bratislava Regional Chamber of Commer...