September 7, 2017

Iranian Exports to Turkey Up 80% in 7 Months

The total value of Iran’s exports to Turkey during the first seven months of the current year has increased by 80 percent, compared to the same period last year, data released by Turkey showed. Iran exported $4.5 billion worth of goods to Turkey from January to July 2017, indicating an 80% increase compared to a […]
September 7, 2017

Russian Companies Submit Plans to Develop Iran Oil Fields

Russian energy companies Zarubezhneft, Gazprom Neft and Lukoil have submitted plans to the National Iranian Oil Company (NIOC) to develop oil fields in Iran. Zarubezhneft representatives outlined their plans to increase the recovery rate of oil from the Aban and West Paydar fields, Iran’s Ministry of Petroleum announced on Monday. A memorandum of understanding for […]
September 7, 2017

Iran Keen to Cement Ties with South Africa

Iranian President Hassan Rouhani said it is the Islamic Republic’s unwavering policy to promote relations with all African nations, South Africa in particular. Speaking at a meeting with Speaker of the National Assembly of South Africa Baleka Mbete in Tehran on Saturday, President Rouhani described Tehran-Pretoria relations as “cordial and growing”. He further pointed to […]
September 7, 2017

Brazilian Firms keen on Iranian Oil Projects

Brazilian Mining and Energy Minister Fernando Coelho Filho said his country is keen for cooperation in the development of Iranian oil and gas projects. State-run Petrobras oil company and other firms in Brazil are ready to cooperate with Iranian oil majors and participate in the country’s oil and gas projects, Coelho Filho said on Tuesday […]
September 7, 2017

Infographic: Telegram Usage Statistics in Iran

Telegram is the king of messaging app/social media in Iran with more than 40 million users. Basically, everything is happening on Telegram and today we are going to take a look at Telegram usage statistics and its history in Iran.

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September 6, 2017

Iran’s 1st flare gas recovery deal inked with France

TEHRAN- The National Iranian Oil Company (NIOC) signed the first deal on flare gas recovery and utilization with a consortium comprising France’s Sofregaz Company and Iran’s Sanat Sazeh Samin Company in Tehran on Wednesday.
September 6, 2017

Iran Discovers Huge Iron Ore Reserves

By John Lee. Iran has reportedly discovered huge reserves of iron ore in Yazd province. Press TV quotes the Director General of Yazd’s Industry, Mine and Trade, Mohammad Reza Alamdar-Yazdi, as saying that new find is estimated to hold two billion tonnes of reserves, with iron content of 70 percent, at a depth of 1,500 […]
September 6, 2017

Iran’s New Industrial Policy to “Transform Political Economy”

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. New Industrial Policy Poised to Transform Iran’s Political Economy This past summer, the Industrial Development and Renovation Organization of Iran (IDRO) concluded landmark agreements with French automaker Renault and transportation giant Alstom as well […]
September 6, 2017

Iran’s Condensate Exports Rise 18 Percent

There has been an increase of 18 percent in exports of Iran’s condensate to global markets, the ultra light fuel, over a period of five months starting 21 March 2017. Masoud Hassani, the managing director of South Pars Gas Complex (SPGC), which is responsible for the bulk of Iran’s condensate production and exports, said that […]
September 6, 2017

Iran, S. Africa Consider Reciprocal Investment

Iranian Parliament Speaker Ali Larijani held talks with his South African counterpart on facilitating reciprocal investment in various industries. Speaking at a joint press conference with his South African counterpart Baleka Mbete after their meeting in Tehran on Saturday, Larijani said he had good negotiations with the visiting African official on the investment opportunities available […]
September 6, 2017

Methanol Sales Deal with German Firm

Iran’s Marjan Petrochemical Company has clinched a contract with a major German firm over sales of methanol produced at a petrochemical plant which will come on stream soon, an official said. “Marjan is the first petrochemical company to have sealed a contract for sales of products with European companies,” Hassan Beigi, the managing director of […]
September 6, 2017

Iran’s exports to Turkey grow 80% in 7 months

TEHRAN- Iran’s exports to its western neighbor, Turkey, witnessed an increase of 80 percent during the first seven months of 2017 and stood at $4.5 billion, Tasnim news agency reported on Tuesday.
September 6, 2017

TCCIMA hosts Confederation of Indian Industry’s delegation

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted a trade delegation from Confederation of Indian Industry (CII)on Tuesday morning, the portal of the Iranian private body reported.
September 5, 2017

OPEC compliance with supply-cut deal increasing: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said that the OPEC member states’ compliance with the agreement to reduce output has improved in recent months, Shana news agency reported.
September 5, 2017

7 Things You Need to Know Before Doing Business in IRAN

Iran is indeed among the most attractive and high potential markets of the world. But doing business in Iran is not that easy. It takes a lot of effort for foreign businesses to understand the eco-cultural climate of the country in order to unfold its unlimited opportunities.

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September 5, 2017

Iran, Georgia hold joint business forum in Tehran

TEHRAN-Iran-Georgia joint business forum was held at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and in the presence of both countries’ ambassadors, the official portal of ICCIMA reported on Monday.
September 5, 2017

Tehran hosting 2 intl. exhibitions on mode, floor covering

TEHRAN- Tehran is hosting the 9th International Floor Covering, Moquette, Machine-woven Carpet and Related Industries Exhibition and the 5th International Apparel Exhibition (Iran Mode 2017) at the Tehran Permanent International Fairground from Septemb...
September 5, 2017

Transit of goods via Iran rises 24%

TEHRAN- Transit of goods via Iran rose 24 percent during the first five months of the current Iranian calendar year (March 21- August 22) compared to the same period of time in the past year, according to a transport official.
September 5, 2017

Petchem output up 6% in 5 months

TEHRAN- Petrochemical production in Iran increased by 5 percent during the first five months of the current Iranian calendar year (March 21- August 22), Shana quoted Ali-Mohammad Bossaqzadeh, the production control director of National Petrochemical Company (NPC), as saying.
September 5, 2017

Google Terminates Iranian Accounts from It Analytics Service

In the past couple of days, a number of Iranian websites have lost their access to Google Analytics. This issue is caused by "a violation of Analytics policies" as Google’s support team has answered. 

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