July 25, 2017

Over $264m of facilities to be paid to mining sector

TEHRAN - Iranian Deputy Industry Minister Jafar Sarqini said 10 trillion rials (about $264.5 million) worth of facilities will be paid to those active in the mining sector in the current Iranian calendar year (to end on March 20, 2018).
July 24, 2017

Alstom to build Rail Carriages in Iran

High-ranking officials in Iran’s rail industry signed a major deal with the French rail car manufacturer Alstom to boost cooperation in the production of subway cars. The cooperation agreement was signed in a ceremony in Tehran on Sunday night with Iran’s Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh in attendance. Officials of Alstom, […]
July 24, 2017

Largest Solar Power Plant in North Khorasan

The Minister of Energy has launched the construction of  a 30-megawatt solar power plant in Jajarm city, North Khorasan Province. According to the Renewable Energy and Energy Efficiency Organization of Iran (SATBA), Minister Chitchian mentioned that this project could be a stepping stone to developing larger renewable projects. His Excellency pointed out to the benefits […]
July 24, 2017

Italy’s Eni Happy with Total’s Presence in Iran

The CEO of Eni said the Italian oil giant is not competing with France’s Total in Iran, noting that it has also signed an agreement with the National Iranian Oil Company (NIOC) to develop oil and gas fields in the Islamic Republic. “We are happy that Total is in Iran. We are not competing to […]
July 24, 2017

Iran and Iraq discuss Increased Cooperation

Ranking diplomats from Iran and Iraq held two meetings of a joint political committee on Sunday to explore avenues for the expansion of ties between Tehran and Baghdad, particularly in the economic field. Iranian Deputy Foreign Minister for Arab and African Affairs Hossein Jaberi Ansari and Iraq’s Deputy Foreign Minister Nazar Khairallah co-chaired two separate […]
July 24, 2017

Iran’s higher growth raises IMF’s 2016 global forecast

TEHRAN- The International Monetary Fund (IMF) has raised its forecast of global economic growth by 0.1 percent partly due to higher growth in Iran.
July 24, 2017

Iran unveils 1st domestically manufactured 3-cylinder EU6 engine

TEHRAN- Iran’s Saipa Group unveiled the country’s first domestically manufactured 3-cylinder, 1.0L EU6 engine family, on Sunday, IRNA reported.
July 24, 2017

Port zones’ comprehensive system launched in Imam Khomeini Port

TEHRAN- The first phase of Iran’s port zones comprehensive system was launched in Imam Khomeini Port Complex in southwestern Khuzestan Province, Public Relations Department of Ports and Maritime Organization (PMO) announced.
July 24, 2017

NIOC signs 33 oil, gas MOUs in post-sanction era

TEHRAN- National Iranian Oil Company (NIOC) has signed 33 memorandums of understanding (MOUS) on cooperation in development of Iran’s oil and gas fields in post-sanctions time, IRNA reported.
July 24, 2017

Crude steel output planned to hit 33m tons by Mar. 2018

TEHRAN- Iran’s annual crude steel output is planned to reach 33 million tons in the current Iranian calendar year (to end on March 20, 2018), National Iranian Steel Company Managing Director Abdolmajid Sharifi told IRNA on Sunday.
July 23, 2017

Telegram: We Won’t Move Our Servers to Iran

Yesterday, Iran's Deputy Minister of ICT announced that Telegram has finally agreed to move its servers to Iran but a few hours later the minister of ICT and Pavel Durov in his Telegram channel rejected this claim.

The post Telegram: We Won’t Move Our Servers to Iran appeared first on TechRasa.

July 23, 2017

Iran, Afghanistan to link railway networks

TEHRAN – Iran and Afghanistan signed a memorandum of understanding (MOU) on Sunday for implementing a project linking rail networks of the two neighboring countries.
July 23, 2017

Iran the “Main Source” of Fake Clothing Accessories

By John Lee. The European Union (EU) has said that Iran is the main source country for fake clothing accessories. New figures released by the European Commission today show that customs authorities detained more than 41 million fake and counterfeit products at the EU’s external border in 2016. The goods had a total value of […]
July 23, 2017

Iran Struggles to address Smuggling in Kurdish Areas

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. Iranian authorities are struggling to address smuggling in border areas, and particularly the Kurdish region, where local economies are in tatters after decades of government neglect and discriminatory policies. Thousands of Kurds carry illegal goods […]
July 23, 2017

Dairy exports up 70% in Q1

TEHRAN – Iran’s exports of dairy products rose by 70 percent in spring 2017, which corresponds to the first quarter of the current Iranian calendar year (March 21-June 21) compared to the same period last year, Deputy Agriculture Minister Hassan Rokni told IRNA on Saturday.
July 23, 2017

Indonesia to host Iranian nanotechnology exhibit

TEHRAN – Indonesia is going to be hosting an exhibition of Iranian nanotechnology-based products in the Iranian sixth calendar month of Shahrivar (August 23- September 22), Trade Promotion Organization (TPO) of Iran reported.
July 23, 2017

Iran Feed Industry Association to dispatch delegation to Russia in early Aug.

TEHRAN – Iran Feed Industry Association (IFIA) plans to dispatch a trade delegation to Russia from August 1 to 9 aiming for familiarity with the country’s feed industry and technology.
July 23, 2017

German, French companies ready to establish chain stores in Iran

TEHRAN- Some big German and French companies have declared their preparedness to set up chain stores in Iran, The Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj told IRNA on Saturday.
July 23, 2017

Stock market index gains 508 points in a day

TEHRAN- Stock index gained 508 points to 80,670 in Iran’s stock exchange market on Saturday (the last day of Iranian fourth calendar month of Tir. Some 693 million shares worth 4.37 trillion rials (about $115.6 million) were dealt in the stock market.
July 22, 2017

No banking hurdles facing Total deal: Zanganeh

TEHRAN – Total and other consortium members will not be facing any banking problems in their gas deal recently signed with Iran, Oil Minister Bijan Namdar Zanganeh told IRNA on Saturday.