October 16, 2017

Trump Speech Sparks Outrage in Iran

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In Iran, both government officials and regular citizens have reacted with anger to the Oct. 13 speech made by US President Donald Trump on his new Iran strategy. Though Trump attempted to distinguish between the Iranian […]
October 16, 2017

Central Bank of Iran Plans to Regulate Virtual Currencies in 2018

Central Bank of Iran is planning to regulate virtual currencies and the blockchain technology in 2018.

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October 16, 2017

Iranian fin. min. discusses further economic bonds with French, Danish ministers

TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian in separate meetings with the French and Danish ministers, on the sidelines of the 2017 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Wa...
October 16, 2017

WB sees a steady GDP growth for Iran

TEHRAN- In one of its latest reports the World Bank (WB) has predicted a moderate but steady growth for Iran’s gross domestic product (GDP) in 2017 through 2019.
October 16, 2017

S. Korea’s Jan.-Sept. oil imports from Iran up 43% on year

TEHRAN - South Korea’s oil imports from Iran jumped 43.1 percent to 14.03 million tons, or 377,059 barrels per day (bpd), in January-September of 2017 from 9.81 million tons over the same period last year.
October 16, 2017

German Firm Starts Construction of Solar Power Plant

By John Lee. IRNA reports that a German-Iranian company has started construction of first phase of a new 100 MW solar power plant in Meybod. Pasargad Solar Projects Ltd is developing the project in collaboration with Kronos Solar Projects GmbH and Par...
October 16, 2017

Iran 3rd in World for Exploration Capacity

Iran is ranked as the third country in the world, after Russia and Iraq, for enjoying exploration capacity, according to the United States Geological Survey (USGS). Addressing an upstream forum at the 3rd Iranian Petroleum and Energy Club Congress and Exhibition in Tehran, Director of Exploration at the National Iranian Oil Company (NIOC) Seyed Saleh […]
October 15, 2017

Amazon has Banned 90% of Its Services to Iranians

Not only Apple and Google are banning their service to Iranians, Amazon has also banned 90% of its services to Iranians.

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October 15, 2017

Trump’s remarks not to have high impact on oil markets: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said Donald Trump’s stance on the nuclear deal between Iran and six major powers will not have much impact on global oil prices, Reuters reported citing Iranian TVs.
October 15, 2017

Iran’s H1 electricity exports up 25% yr/yr

TEHRAN-Iran's exports of electricity to its neighboring countries increased by 25 percent in the first six months of the current Iranian calendar year (March 21-September 22) compared to the same period last year.
October 15, 2017

Tehran hosting Iran-Iraq business forum

TEHRAN- The two day Iran-Iraq business forum kicked off at the Tehran’s Summit Conference Hall on Sunday, IRNA reported.
October 15, 2017

Liquidity grows 24.3% yr/yr

TEHRAN- Iran’s liquidity in the fifth month of current Iranian calendar year, Mordad (July 23-August 22, 2017), showed 24.3 percent rise compared to the same time in the previous year, Tasnim news agency reported on Saturday.
October 15, 2017

Railway cargo transport to commence between Iran, Azerbaijan in late Nov.

TEHRAN - Azerbaijani Railways (ADY)’ chairman said ADY is preparing for the beginning of rail freight transportation in the direction of Iran, ABC.AZ reported on Friday.
October 15, 2017

Korean Firm to Sell Navigational Aid Systems in Iran

By John Lee. Korea Airports Corporation (KAC) has reportedly signed an agency contract with Iran’s Tolid Malzomat Bargh (TMB) to have the company sell its navigational aid systems in Iran. According to Yonhap, TMB will sell its instrument landing system (ILS) and portable ILS/VOR Field Test Set (FTS), also known as a signal analyzer. (Source: […]
October 15, 2017

Iranian light oil price at $55.31 in a week

TEHRAN- Iran’s light crude oil price fell $1.69 in the week ended on October 6 to settle at $55.31, IRNA reported on Saturday.
October 15, 2017

EOR Vital to Iran Oil Industry

A senior official at Italy’s ENI says enhancing production from oilfields by even one percent would be a great advancement for Iran. Addressing an upstream forum at the 3rd Iranian Petroleum and Energy Club Congress and Exhibition in Tehran, Alessandro Tiani, Vice President of Enhanced Recovery Technologies and Advanced Reservoir Modeling at Eni, said raising […]
October 15, 2017

Iran-Turkmenistan Joint Chamber of Commerce opened

TEHRAN- Iran-Turkmenistan Joint Chamber of Commerce was officially opened in Tehran on October 11, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Saturday.
October 14, 2017

OFAC Sanctions Four Iran-Related Companies

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Friday designated three Iran-based entities pursuant to E.O. 13382 for their activities related to two key elements of Iran’s military, and one China-based entity for proliferation activities related to a key supporter of Iran’s military. Shahid Alamolhoda Industries (SAI) was designated for […]
October 14, 2017

US Issues Sanctions against IRGC

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Friday designated Iran’s Islamic Revolutionary Guard Corps (IRGC) pursuant to the global terrorism Executive Order (E.O.) 13224 and consistent with the Countering America’s Adversaries Through Sanctions Act. OFAC designated the IRGC today for its activities in support of the IRGC-Qods Force (IRGC-QF), […]
October 14, 2017

Aircraft purchase deals to support employment

Iranian national flag carrier Iran Air’s deal with the French giant plane maker Airbus on January 28, 2016 for the purchase of 118 Airbus jets worth $27 billion was among the first deals the country signed with Europe after the implementation of its nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), which lifted the sanctions against Iran in the same month.