May 9, 2017

Spanish banks ready to guarantee Iran’s petchem deals

TEHRAN – Spanish ambassador to Tehran said that his country’s banks are ready to guarantee Iran’s petrochemical deals, IRNA reported on Monday.
May 8, 2017

Telecommunication Company of Iran to Launch a Startup Accelerator

The Telecommunication Company of Iran (TCI) announced its plans to initiate its own startup accelerator. An estimated 40 accelerators are now actively engaged in the startup scene of Iran.

The post Telecommunication Company of Iran to Launch a Startup Accelerator appeared first on TechRasa.

May 8, 2017

Iran starts exports from South Pars oil layer

TEHRAN – Iran exported the first cargo of crude oil to the tune of 700,000 barrels from the South Pars oil layer last week.
May 8, 2017

Iran Cancels Airport Expansion Deal with French Firm

Iran’s deputy road minister said the country has called off a memorandum with the French company Bouygues for development of Tehran’s Imam Khomeini international airport after the European side failed to meet its commitments. In an interview with Tasnim on Saturday, Asghar Fakhrie Kashan said the memorandum with France on development of Imam Khomeini airport […]
May 8, 2017

Hamedan-Tehran Railway Starts Operation

President Rouhani ordered Hamedan-Tehran railway to start operation, a 276km project that has been completed with $258m credit. At the opening ceremony that was held on Monday morning, Dr Rouhani travelled a distance by the train and officially opened the railway. The President entered Hamedan province last night and was welcomed by the Governor General […]
May 8, 2017

Socar Eyes Energy Deals with Iran

An official with Azerbaijan’s Socar said his company is banking on signature of key oil and energy deal with Iranian partners in the current year. Ali Asghar Taheri, speaking on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017), said Socar is in talks with Ghadir Investment Group […]
May 8, 2017

PGPIC, ITOCHU ink Polyethylene Sales Deal

The Persian Gulf Petrochemical Industries Company (PGPIC) and Japan’s ITOCHU Corporation have signed a deal for sale of polyethylene to the Japanese firm. The document was signed on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017) on Sunday. Based on the deal, PGPIC will supply international markets […]
May 8, 2017

Video: Second Presidential Election Debate

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran presidential hopefuls face-off in second election debate:
May 8, 2017

63 foreign companies registered in Chabahar post-sanctions

TEHRAN – After the implementation of 2016 nuclear agreement, known as the Joint Comprehensive Plan of Action (JCPOA), 63 foreign companies have been registered for investment in Chabahar Free Trade Zone (CFTZ) in southeastern Iran.
May 8, 2017

Tehran-Brussels flight to be launched in near future

TEHRAN – Managing Director of Iran’s Qeshm Air said that a Tehran-Brussels airline is planned to be launched in near future, IRNA reported on Sunday.
May 8, 2017

S. Korean trade delegation due in Tehran on May 23

TEHRAN – A South Korean trade delegation headed by the head of Busan Chamber of Commerce and Industry is due to visit Tehran on May 23, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) announced.
May 8, 2017

2 platforms of South Pars phase 14 to be installed by Mar. 2018

TEHRAN- Two platforms of phase 14 of developing Iran’s South Pars gas field (in the Persian Gulf) will be installed on their offshore spots by the end of the current Iranian calendar year (March 20, 2018), Mohammad Meshkinfam, the managing director of Pars Oil and Gas Company (POGC), said on Sunday.
May 7, 2017

Iranians Are Shopping Online More Than Ever

The fast improvements of the internet infrastructure along with the changes in online payment methods and the efficiency of online purchases are building up the rapid growth of Iran’s online shopping scene.

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May 7, 2017

Annual exports of fisheries, fish products hit $900m

TEHRAN- More than $900 million of fisheries and fish products was exported from Iran during the past Iranian calendar year (which ended on March 20), according to Hassan Salehi, the head of Iran’s Fisheries Organization.
May 7, 2017

Iran to Increase Oil Recovery from Forouzan Oilfield

The Iranian Offshore Oil Company (IOOC) says it will increase crude oil production from the Forouzan oil field by 12,000 b/d once it starts operating a new platform over the field. Hamid Bovard said his company, which operates offshore oil fields for Iran, has plans to launch projects that will add a total of 110,000 […]
May 7, 2017

Iran Features in EU Scholarship Programme

By John Lee. This year’s scholarships in the Erasmus Mundus Joint Master Degree programme have been awarded to students from all six continents, with the top five sending countries being Brazil (79), India (63), Iran (59), Bangladesh (58) and Mexico (49). The EU-funded scholarships are fully integrated study programmes offered by a consortium of at […]
May 7, 2017

Brazilian auto part makers to improve partnership with Iran

TEHRAN- The organizer of 4th Iran Automotive Industry International Conference (IAIIC) Aram Razzaqi informed of a new round of cooperation between Iranian and Brazilian auto part manufacturers, IRIB news reported on Saturday.
May 7, 2017

Iran plans to produce 10 tons of caviar annually by 2021

TEHRAN – Iranian deputy agriculture minister said the country aims to reach an annual caviar production capacity of 10 tons by the end of its Sixth Five-Year National Development Plan (2021), IRNA reported.
May 7, 2017

3500km of railway under construction across Iran

TEHRAN – Iran’s Construction and Development of Transportation Infrastructures Company announced that currently 3,500 kilometers of railway is under construction across the country, IRNA reported on Saturday.
May 6, 2017

IDRO, MEDEF sign cooperation agreement

TEHRAN- Industrial Development and Renovation Organization of Iran (IDRO) signed a cooperation agreement with Mouvement des entreprises de France (MEDEF) in Tehran, the official website of IDRO reported on Saturday.