September 20, 2017

Trump Blasts Iran Nuclear Deal in First Speech at UN

US president Donald Trump used his maiden speech at the 72nd session of the UN General Assembly on Tuesday to deplore July 2015 deal between Iran and world powers over the country’s nuclear program. Trump told the United Nations General Assembly that the internationally-negotiated nuclear agreement with Iran is an “embarrassment” to the United States. […]
September 20, 2017

Video: France’s Macron defends Iran Deal at UN

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. French President Emmanuel Macron stands firm that landmark agreements on Iran and climate change would not change as he gently nu...
September 20, 2017

Quercus plans EUR 500m Iran Solar Project

By John Lee. UK-based renewable energy investor Quercus will reportedly invest over half a billion euros in a solar power project in Iran. Chief executive Diego Biasi (pictured) told Reuters that construction of the 600-megawatt (MW) plant will start in the first half of 2018. He added that the firm embarked on such a big project […]
September 20, 2017

Iran faces Challenges Realizing Natural Gas Potential

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. With 33.5 trillion cubic meters of natural gas, Iran has the largest conventional gas reserves in the world. Along with its vast oil reserves, it also has sizable, non-associated conventional gas resources that are being […]
September 20, 2017

Europeans Keen for Close Economic Ties with Iran

Iranian President Hassan Rouhani and a number of European leaders discussed the bilateral, regional and international issues on the sidelines of the UN General Assembly, with all the Europeans showing enthusiasm for investment in Iran and stronger trade ties in the post-JCPOA era. Keeping a busy schedule during his trip to New York, President Rouhani […]
September 20, 2017

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: ICLA Coordinator, Norwegian Refugee Council (NRC) Program Assistant, United Nations Children’s Fund (UNICEF) Procurement/Admin Intern, United Nations Development Programme (UNDP) (Source: UN) (Picture credit: Amir1140)
September 20, 2017

Iran may cut condensate exports to Asia in Oct.

TEHRAN – Iran plans to reduce gas exports to Asia due to some maintenance in its giant South Pars gas field, Reuters reported on Tuesday quoting industry sources.
September 20, 2017

Iran’s renewables output set to cross 5GW by 2023

TEHRAN – Iranian Deputy Energy Minister Houshang Falahatian said the country plans to add 1,000 megawatts (MW) or 1 gigawatt (GW) of new renewable power capacity every year over the next five years.
September 20, 2017

French companies planning long-time co-op on projects in Iran

TEHRAN- Yve-Thibault de-Silguy, the vice President of France’s largest employer federation MEDEF, announced that besides trade transactions, French companies are planning constant cooperation with Iranians in Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Tuesday.
September 20, 2017

Foreign finance a post-sanction necessity?

The implementation of Iran’s nuclear deal in January 2016 lifted a majority of sanctions against the country. Among the most important removed sanctions were those on the Central Bank of Iran (CBI), the oil industry, shipping lines and commercial aviation industry.
September 19, 2017

Iran, Russia set to boost transport, energy ties

TEHRAN – The Industrial Development and Renovation Organization of Iran (IDRO) and Russian Trade and Economic Development Council (RTEDC) signed an agreement in Tehran on Tuesday to expand cooperation in rail, oil and gas, renewable energies, and auto industries.
September 19, 2017

6 in 10 Iranians Are a Telegram Member

According to a recent study, 6 out of 10 Iranians are a member of Telegram messaging app. The study also indicates that 58.4% of Iranians over the age of 18 are using this app. 

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September 19, 2017

Iran’s Crude Exports to S Korea Rise by 40% in August

South Korea’s imports of Iranian crude oil rose by 40.2 percent in August compared to the same period last year, a report said. South Korea brought in 1.55 million tons of Iranian crude last month, or 365,641 barrels per day (bpd), compared with 1.1 million tons in the same month in 2016, customs data showed, […]
September 19, 2017

French Law Firm sets up Tehran Office

By John Lee. French law firm Gide Loyrette Nouel has announced the inauguration of its new office in Tehran. In a statement, the company said: “In line with its pioneering spirit, Gide becomes the first international law firm to obtain a licence in order to open a branch office and practise in Iran under its […]
September 19, 2017

New Hydroelectric Power Plant in Western Province

Iran inaugurated the first unit of a new hydroelectric power plant in the western province of Kermanshah that increased the country’s nominal capacity to produce electricity to more than 77,100 megawatts (MW). The first unit of the Darian power plant in Kermanshah was recently connected to the national grid, increasing the country’s nominal capacity from […]
September 19, 2017

“No Problem” in China’s Payment for Iran Petrochemicals

An Iranian deputy oil minister said minor issues impeding the payments Iran receives from China for the export of petrochemicals have been resolved. There has never been any obstacle to the Iranian export of petrochemical products, CEO of Iran’s National Petrochemical Company (NPC) Marziyeh Shahedaei [Marziyeh Shah-daei] said on Monday. As regards the delays in […]
September 19, 2017

Iran, US align against Iraqi Kurdistan Referendum

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. Mlitary commanders and diplomats from both Iran and the United States are swarming Iraqi Kurdistan in a last-ditch attempt to convince the Kurds, an important ally in the war against the Islamic State (IS), […]
September 19, 2017

PwC to help Iranian companies invest in other countries

TEHRAN- PricewaterhouseCoopers’ (PwC) Auditor and Tax Consultant Jens Rönnberg, in a meeting at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on Monday, announced that the multinational professional services network is ready to support Iranian companies to invest in different countries, TCCIMA Public Relations Department announced.
September 19, 2017

Iran Plast foreign exhibitors’ participation up 21%

TEHRAN- The number of foreign exhibitors has increased 21 percent in the 11th International Exhibition of Plastics, Rubber, Machinery and Equipment of Iran (Iran Plast 2017) from the previous edition of the event, Iran’s National Petrochemical Company (NPC) Managing Director Marziyeh Shahdaei announced in a press conference on Monday.
September 18, 2017

25 Thousand Iranian Online Shops Generated More Than 18 Billion Dollars in Revenue

There are 25 thousand Iranian online shops which have received their eNAMAD certificates up until May 2017. The revenue of these online shops is accounted for more than 18 billion dollars (70 billion Tomans) only in the past year.

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