October 18, 2017

Norway inks €2.5b deal to build solar farm in Iran

TEHRAN – A Norwegian company called Saga Energy has signed a €2.5 billion ($2.94 billion) deal with Iran’s state-owned Amin Energy Developers to build solar power plants in Iran, Reuters reported citing the company’s directors.
October 18, 2017

Iran “Playing No Role in Iraq’s Kirkuk Operation”

Ali Akbar Velayati, a senior member of Iran’s Expediency Council, rejected the notion that the Islamic Republic helped the central government in neighboring Iraq to take full control over the disputed region of Kirkuk, which was previously held by Kurdish Peshmerga forces. “Iran has no role in the Kirkuk operation,” Velayati told reporters on the […]
October 18, 2017

Dentons advises Quercus on €500m Solar Energy Deal

Dentons Europe LLP has advised Quercus, one of the world’s largest renewable energy investors, on a deal worth more than €500 million with Iran’s Ministry of Energy for the development, construction and operation of a 600 MW solar energy photovoltaic (PV) plant in Iran. This is Quercus’ first investment outside of Europe and represents the […]
October 18, 2017

“Iran’s Facebook” Shuts Down

By John Lee. Iran’s oldest social media network is to close following years of conflict with censors. According to a report from AFP, company director Mohammad Javad Shakouri Moghadam said Cloob.com was entirely blocked three times and the last time it took 28 days to unblock it; he said the actions allowed foreign sites such […]
October 18, 2017

Iranian Official Urges Enhanced Economic Ties with Iraq

Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq has hailed the political ties between Tehran and Baghdad, saying the two sides’ economic ties should also be strengthened. Speaking in a forum of Iranian and Iraqi traders, Al-e Eshaq said the economic relations between Tehran and Baghdad have not developed on par with the political and […]
October 18, 2017

Assessing the Impact of Shifting Iran-KRG Relations

By Bijan Khajehpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran and the Kurdistan Regional Government (KRG) in Iraq have historically been on good terms. During the Saddam Hussein years, Iran was one of the main countries to host Kurdish leaders. In the post-Saddam […]
October 17, 2017

Silk Road Startup Road Trip Kicks off on October 22

Silk Road Startup’s Road Trip will be kicked off on Sunday, October 22nd. A team of Iranian and international entrepreneurs and investors will take a 10-day bus tour to 7 cities of Iran in search of the best startups around the country.

The post Silk Road Startup Road Trip Kicks off on October 22 appeared first on TechRasa.

October 17, 2017

Non-oil GDP growth at 7% in 6 months

TEHRAN- Iranian government spokesman Mohammad Baqer Nobakht said on Tuesday that the country’s non-oil gross domestic product grew by seven percent during the first half of the present Iranian calendar year (March 21-September 22, 2017), IRIB news reported.
October 17, 2017

Iran plans to boost condensate exports in Nov.

TEHRAN – Iran plans to boost gas condensate exports by one percent in November from a five-month low in October, a source with knowledge of the country's preliminary tanker schedule announced.
October 17, 2017

Trump should let U.S. oil companies do business in Iran: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said that U.S. President Donald Trump should allow American oil companies to do business in Iran, IRNA reported.
October 17, 2017

Austria to construct solar farms in Iran

TEHRAN- According to an agreement signed between Fars Province Investment Services Center, the Austrian Solar & Benefit Corporation will construct four solar farms in the southwest Iranian province of Fars, IRNA reported on Tuesday.
October 17, 2017

Malaysian fin. min. to lead delegation to Iran in early 2018

TEHRAN- In a meeting with Iranian Finance and Economic Affairs Minister Masoud Karbasian, Malaysia’s Minister of Finance Johari Abdul Ghani announced that he will lead an economic delegation to Iran in early 2018, Shada news agency reported on Monday.
October 17, 2017

cto host foreign investors, officials in 2 intl. events

TEHRAN- Top economic foreign officials and investors are to attend an international exhibition and an international conference on Iran’s capital market on the southern Iranian Kish Island in late October, the Head of Public Relations at Securities and Exchange Organization Yaser Fallah announced.
October 17, 2017

Watex2017 hosting 363 companies in Tehran

TEHRAN - Some 363 foreign and domestic companies are participating in the 13th Iran International Water and Wastewater Exhibition (Watex 2017) which kicked off on Saturday at the Tehran Permanent International Fairgrounds.
October 16, 2017

Iran Telecom 2017 running with 102 foreign participants

TEHRAN- The 18th International Exhibition of Telecommunications, Information Technology & Innovative CIT Solutions of Iran (Iran Telecom 2017) kicked off on Monday at the Tehran Permanent International Fairgrounds, IRNA reported.
October 16, 2017

CBI, EXIAR ink MOU on financing

TEHRAN - Central Bank of Iran (CBI) and Export Insurance Agency of Russia (EXIAR) signed a financing memorandum of understanding (MOU) on Sunday.
October 16, 2017

Trump Remarks “Unlikely to Impact Oil Market”

Iranian Minister of Petroleum Bijan Zangeneh said he believed it was unlikely that American President Donald Trump’s recent assertions on Iran’s nuclear program would impact the oil market. Reacting to the US president’s recent remarks on Iran’s nuclear deal and the Joint Comprehensive Plan of Action (JCPOA), Mr. Zangeneh said: “I see it unlikely that […]
October 16, 2017

No Change in IMF Policy on Iran

By John Lee. The Managing Director of the International Monterey Fund (IMF) has said the IMF sees no reason to change its policy on granting loans to Iran, despite US pressures and bans. Christine Lagarde (pictured) told a news conference on Sunday: “You know, we operate with 189 members, and we only provide support and […]
October 16, 2017

European Powers Continue to Support Nuke Deal

Joint statement from Prime Minister Theresa May, Chancellor Angela Merkel and President Emmanuel Macron following President Trump’s statement on the US’ Iran Strategy. We, the Leaders of France, Germany and the United Kingdom take note of President Trump’s decision not to recertify Iran’s compliance with the Joint Comprehensive Plan of Action to Congress and are […]
October 16, 2017

Video: Trump’s Iran Speech raises Int’l Concern

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Trump’s decision on the Iran nuclear deal is raising international concerns. Many argue the US cannot unilaterally amend a security council resolution. Iran has also sent a formal letter of protest to the […]