May 31, 2017

29 Int’l Companies Invited to Bid for Oil Project

A top Iranian official said the country is going to put development of its Azadegan oilfield out to tender in coming days, noting that 29 oil giants, including Shell and Total, have been invited to make their offers in the event. Ali Kardor, CEO of the National Iranian Oil Company (NIOC), said on Sunday that […]
May 31, 2017

Cabinet agrees to issue $2.7bn Securities

Iran’s Council of Ministers convened on Wednesday in a session chaired by President Rouhani and agreed to issue securities and Islamic bonds (sukuk). The securities and Islamic bonds worth $2.7 billion were agreed to be issued to operationalise plans and projects in companies under ministries of Petroleum, Energy, Roads and Urban Development, Communications and Information […]
May 31, 2017

Iran, Russia Ink Oil-for-Goods Barter Deal

Iranian Oil Minister Bijan Namdar Zangeneh said Tehran and Moscow have signed an agreement whereby Iran will sell crude to Russia in exchange for products. “The deal has been concluded. We are just waiting for the implementation from the Russian side. We have no difficulties; we signed the contract, everything is coordinated between the parties. […]
May 31, 2017

Iranian Company Claims to Develop New Fuel Detector

According to a report from the Oil Ministry’s news agency Shana, the Urmia offshoot of the National Iranian Oil Products Distribution Company (NIOPDC) has joined a domestic knowledge-based company for production of fuel detectors used for curbing smuggling of fuel in border regions. Ahad Mojarrad, director of the Urmia offshoot of NIOPDC, said the device […]
May 31, 2017

Iranian Envoy, Iraqi Minister Discuss Cultural Ties

Iranian Ambassador to Baghdad Iraj Masjedi and the Iraqi Minister of Culture Faryad Rawanduzi held talks on a range of issues, including ways to boost relations between the two neighbors in culture and tourism. In the meeting held in Baghdad on Tuesday, the Iraqi minister hailed the relationship between Tehran and Baghdad as deep-rooted and […]
May 31, 2017

US tries to Control pro-Iran Factions in Mideast

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News.  US mulls how best to Control pro-Iran Factions in Mideast As the administration of US President Donald Trump looks ahead to a post-Islamic State (IS) status in the […]
May 31, 2017

Import of containerized goods to Iranian ports up 40% in 2 months

TEHRAN – Imports of containerized goods to Iranian ports increased by 40 percent in the first two months of the current Iranian calendar year (March 21- May 21, 2017) compared to the same period last year, IRNA quoted an official as saying.
May 31, 2017

Mapna Group builds 25MW mobile power plant

TEHRAN – A 25-megawatt mobile power plant constructed by Iran’s Mapna Group was connected to the country’s electricity grid on Tuesday, IRNA reported.
May 31, 2017

Iran May Apply Import & Tax Duties for Foreign Video Games

With TGC, Iran’s first international B2B video game convention on its way in July, the Iranian video game market is expected to experience a boost. However, the CEO of Iran Computer and Video Games Foundation believes that Iranian publishers will be left without a competitive advantage.

The post Iran May Apply Import & Tax Duties for Foreign Video Games appeared first on TechRasa.

May 31, 2017

Iran sends formal invitations for Azadegan oilfield bidders

TEHRAN - Iran has sent formal invitation letters to major oil companies to finalize the list of bidders for its upcoming IPC-based tender for the development of Azadegan oilfield, ISNA reported on Tuesday.
May 31, 2017

Iran sends formal invitations for Azadegan oilfield bidders

TEHRAN - Iran has sent formal invitation letters to major oil companies to finalize the list of bidders for its upcoming IPC-based tender for the development of Azadegan oilfield, ISNA reported on Tuesday.
May 31, 2017

Domestically manufactured Tricone drill bit unveiled

TEHRAN – In a ceremony on Monday Iran unveiled a domestically manufactured Tricone drill bit, Shana reported.
May 31, 2017

Domestically manufactured Tricone drill bit unveiled

TEHRAN – In a ceremony on Monday Iran unveiled a domestically manufactured Tricone drill bit, Shana reported.
May 30, 2017

Iran’s Housing Crisis aggravated by Reluctant Sellers

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s enduring housing recession has cost many Iranians their dream of homeownership while depleting their purchasing power due to higher rent. The housing sector is unlikely to return anytime soon to the days when […]
May 30, 2017

Iran to Receive €10m in Humanitarian Aid from EU

By John Lee. The European Union (EU) has said it will “sustain and expand its support” in Iran. In a statement, the EU said humanitarian organisations working in Iran will receive close to €10 million to help them complement efforts to provide for the basic needs of Afghan refugees and their families, with emphasis on […]
May 30, 2017

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Head of Programme, Norwegian Refugee Council (NRC) Education Specialist, Norwegian Refugee Council (NRC) Information, Counselling and Legal Assistance (ICLA) Specialist, Norwegian Refugee Council (NRC) Health Specialist, United Nations Children’s Fund (UNICEF) (Source: UN) (Picture credit: Amir1140)
May 30, 2017

High-cost Sardar-e Jangal could bring Iran high-tech

Caspian Sea, the world’s largest inland body of water, was mainly a center of fishing activities and also a marine transportation hub by the middle of the past century. But discovery of the first oil and gas reserves in the world’s largest lake in the late 1940s added to its strategic and geopolitical significance.
May 30, 2017

High-cost Sardar-e Jangal could bring Iran high-tech

Caspian Sea, the world’s largest inland body of water, was mainly a center of fishing activities and also a marine transportation hub by the middle of the past century. But discovery of the first oil and gas reserves in the world’s largest lake in the late 1940s added to its strategic and geopolitical significance.
May 30, 2017

Annual non-oil GDP growth at 6.3%

TEHRAN- Iran’s non-oil gross domestic product (GDP) grew by 6.3 percent during the past Iranian calendar year (March 2016-March 2017), according to the newest report of the Statistical Center of Iran (SCI).
May 30, 2017

Annual non-oil GDP growth at 6.3%

TEHRAN- Iran’s non-oil gross domestic product (GDP) grew by 6.3 percent during the past Iranian calendar year (March 2016-March 2017), according to the newest report of the Statistical Center of Iran (SCI).