July 12, 2017

Iran, Italy pen €1.2b rail MOU

TEHRAN - The Islamic Republic of Iran Railways, known also as RAI, and the Italian state-run railway company, Ferrovie dello Stato (FS), on Tuesday signed a memorandum of understanding worth €1.2 billion on construction of a high-speed railway between the Iranian central cities of Arak and Qom.
July 12, 2017

Iran, Italy pen €1.2b rail MOU

TEHRAN - The Islamic Republic of Iran Railways, known also as RAI, and the Italian state-run railway company, Ferrovie dello Stato (FS), on Tuesday signed a memorandum of understanding worth €1.2 billion on construction of a high-speed railway between the Iranian central cities of Arak and Qom.
July 12, 2017

Stock market index gains 113 points in a day

TEHRAN- Stock index gained 113 points to 79,490 in Iran’s stock exchange market on Tuesday, Tasnim news agency reported.
July 12, 2017

Stock market index gains 113 points in a day

TEHRAN- Stock index gained 113 points to 79,490 in Iran’s stock exchange market on Tuesday, Tasnim news agency reported.
July 12, 2017

Foreign debt at $8.5 billion: CBI

TEHRAN – The latest report published by the Central Bank of Iran puts the country’s foreign debt at $8.481 billion by the end of the previous Iranian calendar year (March 20, 2017).
July 12, 2017

Foreign debt at $8.5 billion: CBI

TEHRAN – The latest report published by the Central Bank of Iran puts the country’s foreign debt at $8.481 billion by the end of the previous Iranian calendar year (March 20, 2017).
July 12, 2017

Over $4.7b paid to boost production, employment: spokesman

TEHRAN- Iranian government has paid 178.26 trillion rials (about $4.715 billion) to the economic enterprises since the beginning of current Iranian calendar year (March 20) until July 10 to boost production and employment in the country, IRNA quoted Go...
July 12, 2017

Over $4.7b paid to boost production, employment: spokesman

TEHRAN- Iranian government has paid 178.26 trillion rials (about $4.715 billion) to the economic enterprises since the beginning of current Iranian calendar year (March 20) until July 10 to boost production and employment in the country, IRNA quoted Go...
July 12, 2017

Chemical, petrochemical output rises 9% in a year

TEHRAN- According to the latest report released by Iranian Industry Ministry, total production of chemical and petrochemical products in the past Iranian calendar year 1395 (ended on March 20), witnessed a nine-percent increase, IRNA reported.
July 12, 2017

Chemical, petrochemical output rises 9% in a year

TEHRAN- According to the latest report released by Iranian Industry Ministry, total production of chemical and petrochemical products in the past Iranian calendar year 1395 (ended on March 20), witnessed a nine-percent increase, IRNA reported.
July 12, 2017

Iran LiftEx 2017 hosting 280 companies

TEHRAN- The 6th International Exhibition of Elevators, Industrial and Related Equipment of Iran (Iran LiftEx 2017) is hosting 280 Iranian and foreign companies.
July 12, 2017

Iran LiftEx 2017 hosting 280 companies

TEHRAN- The 6th International Exhibition of Elevators, Industrial and Related Equipment of Iran (Iran LiftEx 2017) is hosting 280 Iranian and foreign companies.
July 12, 2017

Iran Eyeing 14 Oil & Gas Exploration Tenders

Iran is readying its first round of oil and gas exploration tenders since the removal of anti-Tehran sanctions, an Iranian energy official said on Monday. France’s Total last week became the first oil major to sign a post-sanctions development deal with Iran. Russia’s Lukoil and Denmark’s Maersk are also potential investors. Next on the horizon […]
July 12, 2017

Iran plans High-Speed Rail Links

By John Lee. Iran Railways says it has signed a preliminary agreement with the Italian state-owned Ferrovie dello Stato (FS) to build two high-speed links in Iran. The lines will run between Qom and Arak, and between Tehran and Isfahan. According to the report from Associated Press, Iran signed an $8 million deal with French company […]
July 12, 2017

Iranian University to Open Branches in Iraq, Lebanon

Iran’s Islamic Azad University (IAU) seeks to boost cooperation with the neighboring countries and allies, a senior official at the 35-year-old organization said, unveiling plans for opening new branches in Iraq and Lebanon. Head of the Founding Council and Board of Trustees of the Islamic Azad University Ali Akbar Velayati said on Tuesday that his […]
July 12, 2017

Finnish Co to supply Gas Power Plants to Iran

The Finnish technology group Wärtsilä will supply engineering and equipment deliveries for two baseload power plants to Iranian energy companies Baran Niroo Beshel Co. and Tamin Niroo Saam Co. This is a breakthrough project as Wärtsilä is supplying the first decentralised power plants of its kind to Iran, showing results from our efforts to support […]
July 12, 2017

Lordegan Petchem Plant Operational by 2018

By John Lee. The managing director of Lordegan Petrochemical Plant has said his facility will become operational by 2018 with €502m of investment by China. Mohsen Zarei Far said the project, which is being developed for production of feedstock for ammonia and urea fertilizer plants, has so far progressed 69%. Fed by natural gas, the […]
July 12, 2017

Italy’s Eusider agrees Iran Ferrosilicon Deal

By John Lee. Italy’s Eusider has reportedly signed a long-term agency agreement with Iran’s biggest ferrosilicon producer. According to PressTV, the exclusive distribution agreement with Iran Ferroalloys Industries Company (IFI) would give Eusider “the right space to market” Iranian ferroalloys, the company said. Based in Azna in Lorestan province, IFI is the first and biggest Iranian […]
July 12, 2017

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Shelter-WASH Officer, Norwegian Refugee Council (NRC) Shelter- WASH Coordinator, Norwegian Refugee Council (NRC) ICT Assistant, Danish Refugee Council (DRC) Adolescent HIV/AIDS Prevention Consultant (6 Months), United Nations Children’s Fund (UNICEF) (Source: UN) (Picture credit: Amir1140)
July 12, 2017

Kurdistan Referendum puts Iran at Crossroads

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. As Iraqi Kurds try to iron out internal differences ahead of their referendum on independence in September, Turkey, Iraq and Iran have all announced their opposition, questioning the timing and fearing the implications of such […]