June 13, 2017

Austria Seeks Tax Agreement with Iran

Austria’s Minister of Finance Hans Jorg Schelling said his country is seeking to sign a double taxation agreement with Iran. In a meeting with Iran’s foreign minister in Tehran on Sunday, Schelling said he has visited Iran with the purpose of boosting bilateral economic and financial relations. Voicing Austria’s eagerness to develop joint training programs […]
June 13, 2017

Swiss firms to build 300 MW of Solar in Iran

Swiss investors reportedly plan to build a 300-MW photovoltaic (PV) solar park n the North Khorasan province. Construction is scheduled to begin within four months, ANA News Agency said, with the company being responsible for the design, construction, installation and commissioning of the plant. Alireza Sabouri, managing director of North Khorasan Power Distribution Company told the […]
June 13, 2017

Russia Ready to Electrify Tehran-Tabriz Railway

Russian Railways is ready to help electrify Tehran-Tabriz railway to connect the Iranian capital to the northwestern city, First Vice President of the Russian Railways Operator Alexander Misharin said. This issue was discussed today with the President of the Islamic Republic of Iran Railways (RAI) Saeed Mohammadzadeh, Misharin added, the Tass news agency reported on […]
June 13, 2017

Iran Eyes Boom in Trade with EAEU after Trade Deal

An Iranian minister expressed the hope that the volume of trade exchange between Tehran and the Eurasian Economic Union (EAEU) would rise under a much-awaited free-trade agreement. Iran is hoping to increase the volume of commercial exchange with the EAEU members as soon as a free-trade agreement with the union is signed, Iranian Minister of […]
June 12, 2017

Iran sees $15b worth of oil deals signed by March 2018

TEHRAN – Over $15 billion worth of oil deals is expected to be signed in the current Iranian calendar year, which ends on March 20, 2018, National Iranian Oil Company’s Managing Director Ali Kardor said.
June 12, 2017

Iranian Search Engines Process 700K Search Queries

Iranian search engines process more than 700K search queries and 200K Q&A per day. That's a small number comparing to 4.5B searches per day over Google, but we can say it's a good start.

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June 12, 2017

Zangeneh Prioritizes NIOC Projects for This Year

Iran crude oil output should stabilize at 4 million barrels per day by the end of the current fiscal in March 2018. Restoring relations with oil majors and raising crude production top Iran Oil Ministry’s priority list, Bijan Namdar Zanganeh, the oil minister, said. In a letter to Ali Kardor, managing director of the National […]
June 12, 2017

SP.13A Jacket 65% Complete

The operator of the South Pars 13 Project (SP.13) says construction of the project’s jacket A is now 65 percent complete, adding the structure will be ready for installation by August. Payam Motamed said the structure is being constructed to replace one that was badly damaged by a Norwegian tanker in April 2015. Phase 13 […]
June 12, 2017

South Yaran to Commence Early Production

South Yaran is one of jointly owned oil fields in the West Karoun area in southwestern Iran. It has not been talked about too much. However, its development and operation are among priorities of the Iranian Ministry of Petroleum with regard to developing hydrocarbon fields shared with neighboring countries. North Yaran field has already started […]
June 12, 2017

Qatar Says in Talks with Iran on Food Supplies

A Qatari official said Doha is in negotiations with Tehran and Ankara to secure its food and water supplies after Saudi Arabia and the United Arab Emirate (UAE) cut trade and diplomatic ties with the Persian Gulf Arab state. “We are in talks with Turkey and Iran and other countries,” said the official, speaking on […]
June 12, 2017

Tehran, Damascus discuss broadening banking ties

TEHRAN- Governor of Central bank of Iran (CBI) and his Syrian counterpart and his accompanying delegation discussed expansion of bilateral banking ties in Tehran on Sunday, Mehr news agency reported.
June 12, 2017

Copper cathode output exceeds 26,000 tons in 2 months

TEHRAN – Iran’s copper cathode output has exceeded 26,000 tons during the first two months of the current Iranian calendar year (March 20-May 21, 2017), IRNA reported on Sunday.
June 12, 2017

Iran exports food products to Doha amid Qatar blockade

TEHRAN – Iran has sent five cargoes of food products to Qatar in recent days and one more will be sent soon, Tasnim reported on Sunday.
June 12, 2017

Foreign investment in Iran rose 63% in 2016: UNCTAD

TEHRAN – Attracting $3.372 billion worth of foreign investment in 2016, Iran has registered a 63 percent rise in this regard, IRNA reported on Sunday.
June 11, 2017

Iran Swiftly Moving Towards a Knowledge-Based Economy – Part 3

In the two previous articles on the UNCTAD report on Iran’s standing in science, technology and innovation we summarized the main findings of the report regarding Iran’s human resource base and infrastructure. In the final article we will present a general image of Iran’s STI landscape and discuss actions which Iran can take to further accelerate the transition.

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June 11, 2017

Tehran, Vienna seek deeper economic ties

TEHRAN- Iranian Finance Minister Ali Tayyebnia and Industry Minister Mohammadreza Nematzadeh in separate meetings with Austria’s Federal Minister of Finance Hans Jörg Schelling on Saturday and Sunday sought avenues for increasing economic and banking ties between the two countries.
June 11, 2017

Rising Efforts for Joint Fields’ Development

Tehran needs to step up efforts to raise production from joint oil and gas fields and attract foreign investment in the key petroleum industry, said the spokesperson for the Majlis Energy Commission. We need to shift our focus to speeding up the development of shared oil and gas fields. Delays in attracting foreign technology and […]
June 11, 2017

Re-elected Rouhani now stuck in ‘Middle-Class Trap’

By Saeid Jafari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. While President Hassan Rouhani focused on Iran’s educated middle class ahead of the May 19 vote, his conservative rivals targeted the poor. Having achieved an impressive victory, Rouhani now faces the challenge of maintaining […]
June 11, 2017

Tehran to host intl. kitchen, ceramic exhibits

TEHRAN- Iranian capital will host the 15th Kitchen, Bath, Sauna and Pool Industries and Equipment International Exhibition and the 24th International Exhibition of Ceramic Industries at Tehran’s International Permanent Fairgrounds from June 30 to July 3, 2017, IRIB news reported.
June 11, 2017

Iranian trade delegation to embark for Croatia in early-July

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) plans to dispatch a trade delegation headed by ICCIMA Chairman Gholam-Hossein Shafeie to Croatia from July 4 to 7, 2017, the official website of ICCIMA announced.