May 19, 2017

OPEC meeting: another winning chance for Iran

As one of the key players in the world’s political and economic turnovers, oil market has been witnessing lots of ups and downs in recent years.
May 19, 2017

2-month electricity exports tripled

TEHRAN-Iran's exports of electricity to its neighboring countries tripled in the first two months of the current Iranian calendar year, which began on March 21, compared to the same period last year, Fars news agency reported on Friday quoting an energ...
May 19, 2017

Iran’s 2-month electricity exports tripled

TEHRAN-Iran's exports of electricity to its neighboring countries tripled in the first two months of the current Iranian calendar year, which began on March 21, compared to the same period last year, Fars news agency reported on Friday quoting an energ...
May 19, 2017

Iran Plans to Lease New Train Cars from Europe

Iran’s state-run railway company is in talks with a number of European companies to lease brand-new train cars, an official said. The Islamic Republic of Iran Railways, known as RAJA at home, is proceeding with business negotiations with a number of European companies on leasing train cars, which are mostly new and are expected to […]
May 19, 2017

National Strategic Plan to combat Climate Change

Iran launches its first National Strategic Plan to step up the battle against climate change Iran has launched a national strategic plan aimed at helping the country to adapt and mitigate to risks from climate change. The plan, developed in line with the Kyoto Protocol on reducing greenhouse gas emissions and the Paris Agreement to combat climate change, will […]
May 19, 2017

European, Asian Firms “Ready to Fund Iran’s Plane Purchases”

Iran’s Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhrieh Kashan said several major institutions from Europe and Asia have expressed readiness to fund the country’s purchases of planes from global aviation giants Airbus and Boeing. Nine financial institutions from Norway, Denmark, Ireland, Britain, China and Japan are ready to fund the […]
May 19, 2017

French Firm Positive about Prospects in Iran

An official at the French industrial conglomerate Groupe NOX said Iran’s nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between Iranian and French companies, particularly in the oil and gas sector. Bernard Fages, Groupe NOX regional country manager made the statement on the sidelines […]
May 19, 2017

Iran Bans Scrap Metal Imports from Iraq

By John Lee. Iran has reportedly banned the import of scrap metal from Iraq and Afghanistan. According to a report from Platts, the Trade Promotion Organization of Iran (TPOI) requested the ban due to fears that consignments could be contaminated with radioactive material or chemicals, and that they may contain unexploded munitions. It adds that […]
May 18, 2017

Trump Admin Extends Sanctions on Iran

On Wednesday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated seven targets in connection with Iran’s ballistic missile program: OFAC designated two senior Iranian defense officials, including a defense official who facilitated the sale of explosives and provided other support to Syria and the director of the organization responsible for […]
May 18, 2017

Iran to Import Shipbuilding Technology from South Korea

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said the Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) has been introduced to import the technology of building giant ships from South Korea. Speaking to reporters at a press conference in Tehran, Mohammad Saeedi said one of the main plans of the […]
May 18, 2017

French Carmakers seeking Stronger Foothold in Iran Market

French carmakers PSA (PEUP.PA) and Renault (RENA.PA) are seeking to increase their presence in Iran’s resurgent market through more deals and investments, a report said. PSA has signed production deals worth 700 million euros ($768 million), while Renault has announced a new plant investment to increase its production capacity to 350,000 vehicles a year, according […]
May 18, 2017

Video: Head-to-Head between Diplomacy and Resistance

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iranian voters will decide the fate of moderate President Hassan Rouhani and his policy of engagement with the West on Friday as he goes head-to-head with hardline cleric Ebrahim Raisi. While Iranians largely welcomed […]
May 18, 2017

Envoy Urges Closer Ties between Iran, Zimbabwe

The Iranian Ambassador to Zimbabwe Ahmad Erfanian underscored the importance of enhanced ties between Tehran and Harare, saying the volume of trade transactions between the two countries should increase. “We spoke about the excellent relations between Zimbabwe and Iran,” Erfanian told reporters following a meeting with Zimbabwe’s Acting President Emmerson Mnangagwa, the Herald reported. He […]
May 17, 2017

Highlights of economy in presidential debates

The six presidential candidates in Iran have put economic issues on the spotlight, most notably in the last of the three debates cast live on the national TV on May 15.
May 17, 2017

Iranian goods permanent expo opens in Dushanbe

TEHRAN - Permanent exhibition of Iranian goods and services called “Almas” was opened in Dushanbe, Tajikistan.
May 17, 2017

Iran inks MOU with Finland’s major financing company

TEHRAN - Export Guarantee Fund of Iran and Finish state-owned financing company Finnvera, which is the country’s official Export Credit Agency, signed a memorandum of understanding (MOU) on insurance cooperation in Denmark, IRNA reported on Tuesday.
May 17, 2017

French carmakers rushing into Iran’s market in rivals’ absence

TEHRAN- French carmakers are rushing into Iranian market in the absence of rivals.
May 17, 2017

Tehran, Madrid sign MOU on railway co-op

TEHRAN – Islamic Republic of Iran Railways (IRIR) and Spain’s Administrator of Railway Infrastructures (known as Adif) signed a memorandum of understanding on Tuesday for railway cooperation, IRNA reported.
May 17, 2017

Iran, Russia integrate bank card systems

TEHRAN- Iran and Russia integrated their bank card systems with each other for the citizens of both sides to be able to use their bank cards in each other's countries, Public Relations Department of Central Bank of Iran (CBI) announced.
May 17, 2017

Iran Air receives 4 ATR airplanes

TEHRAN- Iran’s national flag-carrier Iran Air formally took delivery of the first four of the passenger jets purchased from the European plane maker ATR, on Wednesday, IRNA reported.