July 26, 2017

KEPCO seeking International Investors, Developers

Khazar Exploration and Production Company (KEPCO) is in talks with leading energy giants from across the globe to lure them into investment and development of oil fields in big depths of water in Iran’s sector of the Caspian Sea, the company’s CEO says. Mohsen Delaviz said no international firm has officially signaled readiness to develop […]
July 26, 2017

New Pipeline to Supply Gas in North Iran

New Pipeline to Guarantee Steady Supply of Gas in North Iran A much-awaited gas pipeline in Iran’s northern areas, which will come on stream next week, is going to guarantee the steady supply of natural gas to the regions that experienced harsh winters in the past when neighboring Turkmenistan cut off gas supplies to Iran. […]
July 26, 2017

IDRO Eyes Cooperation with Iraq in Energy, Industry

The Industries Development and Renovation Organization of Iran (IDRO) is ready to cooperate and collaborate with the neighboring Iraq in the field of energy, renovation of industries and training managers. Chief Executive Mansour Mo’azami announced the above statement in his meeting with the visiting Iraqi Minister of Industries Mohammed Shia Al Sudani. The two sides […]
July 26, 2017

Spain’s SERNAUTO in Discussions with IKCO

Spanish Auto Parts Manufacturer Association SERNAUTO has expressed its readiness to cooperate and interact with the largest Iranian Automaker Iran Khodro (IKCO). Iranian automakers and part manufacturers of IKCO supplier, SAPCO, in a joint meeting with a high-ranking delegation of Spanish Parts Manufacturers Association, traveling to the Islamic Republic of Iran on behalf of top […]
July 26, 2017

Projects for supplying water to 800 villages inaugurated

TEHRAN - Iranian First Vice President Es’haq Jahangiri inaugurated projects for supplying water to 800 villages, via video-conferencing on Tuesday, IRNA reported.
July 26, 2017

Inflation rate rises 0.2% in Iran

TEHRAN- The inflation rate for the 12-month period ended in the last day of the fourth Iranian calendar month of Tir (July 22) compared to the same period in the previous year hit 7.6 percent, Government Spokesman Mohammad Baqer Nobakht said on Tuesday.
July 26, 2017

European firm to invest €750m in Iran’s ICT sector: minister

TEHRAN – A European company will finalize a deal soon to invest €750 million in expanding Iran’s optical fiber network, Communications and Information Technology Minister Mahmoud Vaezi said on Tuesday.
July 26, 2017

Iran’s annual GDP growth stands at 11.1%

TEHRAN- Iran’s Government Spokesman Mohammad Baqer Nobakht put the country’s growth of gross domestic product (GDP), including oil sector, at 11.1 percent in the past Iranian calendar year (ended on March 20, 2017).
July 25, 2017

Iranian, S. Korean private sectors ink 10 MOUs on technology transfer

TEHRAN – Private sectors of Iran and South Korea signed 10 memorandums of understanding (MOUs) on Sunday for mutual cooperation and technology transfer.
July 25, 2017

China to provide $1.5b finance for Iran railway project

TEHRAN- China’s Exim Bank (the Export-Import Bank of China) penned a contract with Iran’s Bank of Industry and Mine to finance $1.5 billion for signaling of Tehran-Mashhad railroad, IRIB news reported.
July 25, 2017

An Overview of Digital Advertising in the Middle East

Although the Middle East has a small share in the global advertising spend, the region has become a rich destination for marketers. In this article we’ll cover the state of digital ad spend in this region.

The post An Overview of Digital Advertising in the Middle East appeared first on TechRasa.

July 25, 2017

Sanctions an “Opportunity for Iran-Russia Partnership”

Secretary of Iran’s Expediency Council Mohsen Rezaei said Tehran and Moscow, both facing Western sanctions, could use the embargoes as an opportunity to reap economic benefits. Iran and Russia, both hit by sanctions, can turn the snactions into a “historic opportunity” in cooperation with each other and use the common markets in the region for […]
July 25, 2017

Iran needs New Development Vision

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. Since the end of the Iran-Iraq War in 1988, Iran’s development policies and investment plans have been formulated in so-called five-year plans (5YPs), with the first one starting in 1989. Five 5YPs have been […]
July 25, 2017

Korea Focusing on Small, Mid-sized Businesses in Iran

One of South Korea’s main trade strategies is to grow links with the Iran’s small and midsize businesses in order to minimize the adverse impacts of any severance of trade interaction between a few major companies, South Korean ambassador to Tehran said. Seoul is seeking to promote cooperation among Korean and Iranian small and midsize […]
July 25, 2017

Power Generation Capacity exceeds 77,000 MW

Iranian Deputy Energy Minister Houshang Falahatian announced that the country’s nominal capacity to produce electricity has surpassed 77,000 megawatts (MW). Speaking to the Tasnim News Agency on Monday, Falahatian said over the past year, the country’s power generation capacity has increased by about 2,000 MW. With the coming into service of three gas units of […]
July 25, 2017

Iran-Thailand business forum held

TEHRAN- Iran-Thailand business forum was held on Monday at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in Tehran, IRNA reported.
July 25, 2017

Alstom inks joint venture deal with Iran’s IDRO, IRICO

TEHRAN – French multinational rail transport company Alstom signed a deal with the Industrial Development and Renovation Organization of Iran (IDRO) and Iran Khodro Rail Transport Industries Company (IRICO) in Tehran on Monday for establishing a joint company to cooperate on railway projects.
July 25, 2017

Iran’s power generation capacity surpasses 77,000 MW

TEHRAN- The nominal electricity generation capacity reached 77,068 megawatts (MW) in Iran through putting two small gas-fueled power plants into operation in the fourth Iranian calendar month of Tir (June 22-July 22), Tasnim news agency reported on Monday.
July 25, 2017

Cabinet approves currency denomination change 

TEHRAN - The administration of President Hassan Rouhani approved on Monday a bill to drop a zero from the national currency, revaluing its rial tenfold and revert to the currency’s old name, the toman.
July 25, 2017

Rouhani cabinet approves currency denomination change 

TEHRAN - The administration of President Hassan Rouhani approved on Monday a bill to drop a zero from the national currency, revaluing its rial tenfold and revert to the currency’s old name, the toman.