October 27, 2017

Russian companies discussing $1.5b investment in Iran’s energy projects

TEHRAN – Some renowned Russian companies are discussing cooperation for joint implementation of oil and gas projects worth $1.5 billion in Iran, Reuters reported quoting a Russian oil official.
October 27, 2017

Belgian company in talks to liquefy Iranian gas on sea

TEHRAN – Belgium's Exmar is in talks with National Iranian Oil Company (NIOC) to use its floating liquefied natural gas vessel for liquefaction and export of Iranian natural gas, Reuters reported.
October 27, 2017

Iran expects to sign over $20b of energy deals in 2018

TEHRAN - Amir Hossein Zamaninia, Iran’s deputy oil minister for international affairs, said the country is expected to sign over $20 billion worth of oil and gas deals in the next year.
October 25, 2017

UAE Has Established the Very First Artificial Intelligence Ministry in the World

The UAE has established the very first Artificial Intelligence Ministry in the world. The appointed Minister is Omar Bin Sultan who's 27 years old.

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October 25, 2017

Tehran hosting 4 international expos

TEHRAN- The Iranian capital is simultaneously hosting four international exhibitions from October 25 to 28 at the Tehran Permanente International Fairground, IRIB news reported on Wednesday.
October 25, 2017

China’s August imports of Iranian oil up 59%

TEHRAN – China’s September oil imports from Iran increased 59 percent from the same month a year earlier, Reuters reported citing the country’s customs data.
October 25, 2017

S. Africa urges Iran to ease visa issuance for its businessmen

TEHRAN- To stimulate an increase in bilateral trade between the two countries, South African Minister of Small Business Development Lindiwe Zulu requested Iran to ease the visa requirements for South African business-people, BusinessReport reported on ...
October 25, 2017

Iran-Germany Joint Energy Committee convenes first meeting

TEHRAN – The first Iran-Germany Joint Energy Committee meeting was held in Tehran on Tuesday, Shana reported.
October 25, 2017

Exports from SMEs exceeds $1b in 7 months

TEHRAN – The value of exports from Iran’s Small and Medium Enterprises (SMEs) reached $1.1 billion in the first seven months of the current Iranian calendar year (March 21-October 22), IRNA reported.
October 25, 2017

Transport min. outlines plans for expansion of railway network

TEHRAN - In a meeting at Management and Planning Organization of Iran on Monday, Transport and Urban Development Minister Abbas Akhoundi outlined the ministry’s programs for expansion of the country’s railway network.
October 25, 2017

Inflation rate stands at 8.2% in Iran: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate for the 12-month period ended on the last day of the seventh Iranian calendar month of Mehr (October 22) compared to the same period in the previous year hit 8.2 percent.
October 25, 2017

Over 100 Projects Planned in Tehran for Foreign Investors

Tehran Mayor Mohammad Ali Najafi highlighted efforts to attract foreign investments to develop the Iranian capital, saying more than 100 mega projects are being planned to be carried out with foreign investments. Najafi said his key vision for Tehran is to bolster exchanges and contacts with leading cities of the world in finance, entrepreneurship, manufacturing […]
October 25, 2017

Iran-China Trade tops $24bn in 8 Months

Trade between Iran and China during the first eight months of the current year rose to more than $24 billion, the East Asian country’s customs data showed. Trade between the two countries in the first eight months of 2016 had stood at $19.5 billion, according to the data. In the first eight months of 2016, […]
October 25, 2017

Surging Imports wipe out Iran’s Trade Surplus

By Navid Kalhor for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News.  Economic growth is generally generated by four sources: increasing private consumption, expanding private investment, higher government consumption and investment, and more exports. At present, when it comes to the first […]
October 25, 2017

New Ships Reduce Average Age of Iran’s Fleet

The ten container ships Iran has purchased from South Korea will pull down the average age of the country’s fleet of cargo ships by four years, an official announced. CEO of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeedi said Iran will take delivery of the first South Korean container ship in the […]
October 25, 2017

Technology and Entrepreneurship Forum for Emerging Markets in CEE Region

Seedstars, the global organization with the mission of impacting people’s lives in emerging markets through entrepreneurship and technology, launched its second edition of Seedstars CEE Regional Summit.

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October 24, 2017

Iran to export 10m tons of steel by Mar. 2018

TEHRAN- Head of Iranian Mines and Mining Industries Development and Renovation Organization Mehdi Karbasian announced that Iran has exported more than four million tons of steel during the first half of the present Iranian calendar year (March 21- Sept...
October 24, 2017

NIOC to sign 3 oilfield development deals soon

TEHRAN – An official at the National Iranian Oil Company (NIOC) said on Tuesday that nominated companies for the development of three Iranian oilfields have been determined and the deals will probably be signed before the end of the current Iranian calendar year (March 20, 2018), ISNA reported.
October 24, 2017

S. Africa potential exports hub for Iranian products: JCCI president

TEHRAN- President of Johannesburg Chamber of Commerce and Industry (JCCI) Herman Breedt announced that South Africa can act as a hub for exports of Iranian products to other African countries, the portal of Iran Chamber of Commerce, Industries, Mines a...
October 24, 2017

Number of Iran’s commercial attachés to increase to 50

TEHRAN - Mojtaba Khosrotaj, head of Iran’s Trade Promotion Organization (TPO), said the country plans to increase the number of its commercial attachés to 50 in near future.