October 14, 2017

New avenues explored for economic co-op

TEHRAN - Iranian Finance and Economic Affairs Minister Masoud Karbasian in separate meetings with his Italian, Indian, and Afghan counterparts discussed ways for boosting bilateral ties.
October 14, 2017

Iran Gets Connected to International Payment Systems Through Russia

Iran’s local payment system, SHETAB is getting connected to global payment systems through an agreement between Iran’s Informatics Services Corporation and Russia’s BPC.

The post Iran Gets Connected to International Payment Systems Through Russia appeared first on TechRasa.

October 14, 2017

Iran Plans for Giant Leap in Oil Industry

Iran says it is gearing up efforts including study of its oil reserves to ramp up the country’s crude oil production, a senior Iranian oil official says. Addressing a conference here in Tehran, Gholamreza Manouchehri, deputy for development and engineering at the National Iranian Oil Company (NIOC), said plans are under way to study all […]
October 14, 2017

Iran may Import Belarusian Beef

By John Lee. Iran may import beef from Belarus. According to a report from BelTA, Belarus’ Deputy Agriculture and Food Minister Igor Brylo said he has discussed supplying beef to Iran with representatives of the Iranian veterinary service and deputy ministers. “They are interested in it,” Igor Brylo said. (Source: BelTA) (Picture credit: Tasnim, under […]
October 13, 2017

Trump Threatens to Pull Out of Iran Nuclear Deal

US President Donald Trump has threatened to terminate the Iran nuclear deal — the Joint Comprehensive Plan of Action (JCPOA) — if the US Congress and American allies don’t change the agreement. While not immediately pulling the US out of the deal, he said his administration was ready to negotiate on toughen the obligations on […]
October 13, 2017

President Trump’s New Strategy on Iran

“It is time for the entire world to join us in demanding that Iran’s government end its pursuit of death and destruction.” – President Donald J. Trump President Donald J. Trump, in consultation with his national security team, has approved a new strategy for Iran. It is the culmination of nine months of deliberation with […]
October 13, 2017

Iran, Mauritius mull over development of economic co-op

TEHRAN- Mauritius’ Minister of Foreign Affairs, Regional Integration and International Trade Seetanah Lutchmeenaraidoo and the Ambassador of Iran to Mauritius Mohammad Moniri Nik in Port Louis discussed expansion of cooperation on trade and economic exchanges as well as cultural, tourism and education sectors, bunkerspot.com reported on Thursday.
October 13, 2017

Tehran hosting intl. printing, packaging expo

TEHRAN - The first edition of Iran’s International Exhibition of Printing, Processing and Packaging (IPAP 2017) kicked off at Tehran’s Shahr-e-Aftab International Exhibition Center on Thursday.
October 13, 2017

Pakistan approves purchase of additional 100MW electricity from Iran

TEHRAN - Pakistan’s Cabinet Committee on Energy (CCE) has approved the purchase of additional 100 megawatts (MW) of electricity from Iran, Pakistan Today reported.
October 13, 2017

Sri Lanka should come forward for euro transaction with Iran: envoy

TEHRAN- Iranian Ambassador to Sri Lanka Mohammad Zaeri Amirani said that Sri Lankan banks should come forward to facilitate trade with Iran in euro instead of dollar as they are concerned that some U.S. sanctions are continuing to be in place against I...
October 13, 2017

S. Korean company signs airport system sales contract with Iran

TEHRAN- Korea Airports Corp. said Thursday that it signed a contract with an Iranian company for selling navigational aid systems and airport equipment in Iran.
October 13, 2017

Zangeneh Appoints New Deputy for Refining Affairs

Iranian Minister of Petroleum Bijan Zangeneh has appointing Alireza Sadiqabadi as his deputy in oil products refining and distribution affairs. Holder of the post will also serve as managing director of the National Iranian Oil Products Distribution and Refining Company. Sadiqabadi, 37, replaced Abbas Kazemi who held the post for 4 years. Previously, Sadiqabadi was […]
October 13, 2017

Iran to Block Israeli App?

By John Lee. Iran is reportedly prepared to block the traffic and navigation app Waze because it was created in Israel. According to Mobile World Live, the app was briefly blocked in the country in March, because it “raised concerns”, but the ban was soon revoked. Now the secretary of the ‎Committee for Determining Criminal […]
October 13, 2017

Iran’s Yazd Tire to supply Renault

By John Lee. Renault‘s Algerian subsidiary, Renault Algérie,  will buy 50,000 tyres from Iranian tyre maker Yazd Rubber Industries Complex. Yazd is also said to be in negotiations with Volkswagen following the German company’s entry into Iran. (Source: Tyrepress)
October 13, 2017

Iran Weary of Trump’s Plans in Iraqi Kurdistan

By Fazel Hawramy, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. More than two weeks after the Sept. 25 independence referendum in Iraqi Kurdistan, Iran has yet to take any meaningful action against the Kurdish region despite its rhetoric, including Supreme Leader Ayatollah Ali Khamenei’s […]
October 13, 2017

IMF Forecasts Economic Slump for Iran in 2017

The International Monetary Fund (IMF) predicted an economic slump for Iran in 2017. “Iran’s economic growth will slide to 3.5 percent in 2017 from 12.5 percent in 2016 but is expected to expand 3.8 percent next year,” it said, The National reported. It added that other oil producing nations are also expected to see a […]
October 13, 2017

Azadegan Oilfield Tender Delayed Again

By John Lee. The managing director of the National Iranian Oil Company (NIOC) has said that a tender to develop the Azadegan oilfield will not take place this year. Ali Kardor told ISNA news agency that oil companies are still assessing the technical s...
October 12, 2017

Iran raises November light crude price for Asia

TEHRAN – Iran has raised its light crude’s official November selling prices for Asia at 80 cents above the Oman/Dubai average for the same month, Reuters reported quoting an industry source with direct knowledge of the matter.
October 12, 2017

Iran, Vietnam to open joint chamber of commerce in 2 months

TEHRAN- Iranian Deputy Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Mohammadreza Karbasi announced that Iran-Vietnam Joint Chamber of Commerce will be inaugurated within the next two months, IRIB news reported on Wednesday.
October 12, 2017

Iran’s September oil output at 3.827m bpd: OPEC

TEHRAN- According to OPEC’s latest monthly report published on October 11, oil production in Iran stood at 3.827 million barrels per day (bpd) in September, increasing 1,000 bpd from 3.826 million bpd in August, based on secondary sources.