May 15, 2017

Siemens Showcases Rail Technology at Iran Rail Expo 2017

As Iran continues to prioritize the expansion and modernization of its rail infrastructure, Siemens will support the development of safe, efficient, reliable and digitalized rail networks showcased at the Iran Rail Expo 2017 in Tehran.

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May 15, 2017

Iran’s annual saffron exports up 60% yr/yr

TEHRAN- Iran’s weight of saffron exports during the last Iranian calendar year (March 2016-March 2017) rose 60 percent compared to that of the previous year, according to Gholamreza Miri, the vice chairman of National Iranian Saffron Council.
May 15, 2017

Intl. railway expo to kick off in Tehran

TEHRAN - The 5th International Exhibition of Rail Transportation, Related Industries and Equipment of Iran (RAILEXPO 2017) will open today at the Tehran Permanent International Fairgrounds.
May 15, 2017

Beik Alizadeh appointed Iran’s new OPEC envoy

TEHRAN- Behrouz Beik Alizadeh was appointed as Iran’s new representative at the Organization of the Petroleum Exporting Countries (OPEC), Shana reported on Sunday.
May 15, 2017

Car production up 20% in a month

TEHRAN- Iranian carmakers manufactured 68,074 vehicles in the first month of the current Iranian calendar year (March 21-April 22) with 20 percent rise compared to the same month in the previous year, IRIB reported on Sunday.
May 14, 2017

Rouhani’s economic legacy

The presidential election is scheduled for Friday in Iran. If the incumbent president Hassan Rouhani loses the bid for re-election, the next president will take office in less than three months. In that case, what economic achievements will the next pr...
May 14, 2017

Iran-S. Africa trade planned to hit $2b by 2021

TEHRAN- Iran and South Africa have planned to boost the volume of their bilateral trade up to $2 billion by 2021, an official in Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Shahram Khasipoor announced on Sunday, IRNA reported.
May 14, 2017

MTN to Invest $295 Million in Iranian Net

MTN, the South African telecommunication company has finally reached to an agreement with Iranian Net and is planned to invest $295 million in this fixed-line broadband network company.

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May 14, 2017

UEC says seeking to localize products in Iran 

TEHRAN - A United Engine Corporation (UEC) official says a localization of its products in Iran is one of its purposes.
May 14, 2017

First US Tech Firm to Invest in Iran in Years

An Iranian company says a top American technology leader plans to invest in an Iranian oil equipment production project – what could be the first direct investment by a US oil company in Iran after the 1979 Islamic Revolution. Speaking at a press conference at Iran’s Oil Show, Neda Mousavizadegan, the managing director of Iran’s […]
May 14, 2017

Financial Tech Gaining Steam in Iran

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Iranian capital played host to the four-day FINEX 2017 exhibition April 15-18. The annual event gathered more than 250 Iranian entities involved in banking and finance. While organizers dubbed it an international expo, only […]
May 14, 2017

Polish Company Willing to Invest in Iran

The Polish Oil and Gas Company (PGNiG) has expressed its willingness to invest in Iran’s oil sector, its director of business development said. Robert Iwaniec told reporters at Iran Oil Show that the company would be keen to invest in Iran’s oil market once all restrictions, including banking problems, have been removed. He said that […]
May 14, 2017

Feasibility Study of Guinea Bauxite Project Confirmed

Final feasibility study report of Conakry Guinea bauxite project was confirmed by IMIDRO and Conakry Guinea Minister of Geology and Mines. Both sides defined the terms of cooperation for cost reduction, implementation and financing project as well. According to the report of public relations of IMIDRO, this report confirmed and approved by Mehdi Karbasian chairman […]
May 14, 2017

Iran in talks with Europe on gas export

TEHRAN – National Iranian Gas Company (NIGC)’s Managing Director Hamidreza Araqi said Iran is in talks with European countries to export gas to Europe, ISNA reported on Saturday.
May 14, 2017

More cities to be connected to national railway network

TEHRAN – Capital cities of five more provinces will be connected to the country’s national railway network in the current Iranian calendar year (March 2017- March 2018), IRNA reported quoting a railway official.
May 14, 2017

Tehran to host 1st Iran-Latin America mining co-op meeting on Monday

TEHRAN – The first Iran-Latin American countries joint meeting on cooperation opportunities in mining sector is due to be held in Tehran on Monday, IRNA reported.
May 14, 2017

Philippines hopes to receive 250,000 bpd of Iranian oil for new refinery

TEHRAN- The Philippines is going to build a refinery with the refining capacity of 400,000 barrels per day (bpd) of oil and in this due the country hopes to receive 250,000 bpd of crude from Iran, Shana quoted a Pilipino oil official as saying on Satur...
May 13, 2017

Irancell Still Not Ready to Go Public

According to an order by Iran’s Ministry of ICT in 2006, Irancell had to go public with 21% of its total shares. Yet, years after the first announcement the IPO has not taken place.

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May 13, 2017

Iran to receive 4 ATR airplanes by Friday

TEHRAN - Turboprop maker ATR has pledged to deliver 9 airplanes to Iran by the end of 2017, and is to deliver four of the accorded aircrafts by Friday.
May 13, 2017

Iran Launches Foreign Investment Plan for Steel Sector

The first foreign investment plan for the steel sector waws inaugurated in Eshtehard Industrial Park with the attendance of Minister of Industry, Mine and Trade and chairman of the board of Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO). According to the report of public relations of IMIDRO, deputies of Industry, Mine and […]