May 4, 2017

Hungary’s MOL considers Iran Oil Projects

Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said Hungarian oil and gas group MOL has expressed willingness to enter into partnership with Iranian firms and join the country’s oil and projects. “Presence and partnership in natural gas export projects in Iran and construction of gas pipelines were the main areas MOL has […]
May 4, 2017

LNG Exports to EU – Iran courts Total

Iran’s petroleum minister has hinted that the country is looking into the possibility of bringing in the French energy giant Total to develop a key project to liquefy natural gas for exports to Europe. Bijan Zanganeh told reporters that serious talks with Total were underway over the development of Phase 11 of Iran’s South Pars […]
May 4, 2017

Rotana to Open 1st Hotel in Iran ‘Soon’

The head of Rotana hotels group, based in Abu Dhabi, said it plans to open its first hotel in Iran in less than a year. “We have signed hotels in Tehran, Mashhad and Isfahan. We expect to open our first hotel in Mashhad, a shrine city, by the first quarter of next year,” Rotana’s President […]
May 3, 2017

Mobile Payment Is Now Officially Available in Iran

Central Bank of Iran (CBI) has announced that the infrastructure for mobile payment has been developed and from today, the local banks can officially provide this service to their clients.

The post Mobile Payment Is Now Officially Available in Iran appeared first on TechRasa.

May 3, 2017

Agricultural exports fetch Iran $5.7 billion

TEHRAN - Iran exported 5.81 million tons of agricultural products worth $5.686 billion in the past Iranian calendar year 1395 (March 2016-March 2017, Deputy Agriculture Minister Abdolmahdi Bakhshandeh said on Wednesday.
May 3, 2017

Investment Opportunities in Iran – UK Govt Report

By John Lee. A new report from the British House of Lords’ Select Committee on International Relations has said that the investment opportunities in Iran are significant, and the UK is already losing potential market share to other European countries that are currently taking advantage of a weak UK presence. The report — The Middle East: […]
May 3, 2017

Tender for Subway Cars for Tehran Metro

The first announcement for prequalification of Iranian and foreign companies to supply subway cars for Tehran urban and suburban railway system has been published. The announcement, published both in Persian and English languages, invites eligible Iranian and foreign companies to apply for designing, receiving permission, manufacturing, testing, transferring, commissioning, delivering, training, offering guaranty services, and […]
May 3, 2017

$270m Contract for IKCO

Iran Khodro (IKCO) CEO, Hashem Yekehzare, has announced a $270-million contract and MOU between five Iranian organizations and five major global corporations in car design and development which will lead to introducing 23 cars in 10 years. “In this consortium, Iranian auto parts makers will be present in the process of design and development and […]
May 3, 2017

Iran Still Ranking Poorly for Press Freedom

By John Lee. Iran has risen four places in the World Press Freedom Index for 2017, but is still ranked just 165th out of 180 countries. The result puts Iran ahead of such countries as Saudi Arabia and Yemen, but behind Iraq and Libya. First place went to Norway, with North Korea coming last. Reporters […]
May 3, 2017

New Gas Condensate Refinery Comes on Stream

The first phase of a new gas condensate refinery constructed in southern Iran by an entity affiliated with the Islamic Revolution Guards Corps (IRGC) came into operation on Sunday. The ‘Persian Gulf Star’ gas condensate refinery came on stream during a ceremony held in the southern province of Hormozgan on Sunday with Iranian President Hassan […]
May 3, 2017

Renault Doubles Market Share in Iran

By John Lee. Renault has reported a dramatic increase in sales in Iran in the first quarter of 2017. The French automaker said sales in Iran rose 161.5 percent, thanks to the success of its Tondar and Sandero models. The company claims a market share of 9 percent, up 4.9 points. (Source: Renault)
May 3, 2017

IKCO launches new production lines

TEHRAN-An assembly line worker installs the emblem of a Dena Plus, an all-Iranian sedan, at its production line which was launched at Iran Khodro Company (IKCO) on May 2, 2017.
May 3, 2017

Iranian trade, marketing delegation to embark for Baku

TEHRAN- Trade Promotion Organization of Iran (TPO) is to dispatch a trade, marketing, and investment delegation to Azerbaijan from May 31 to June 3, the official website of TPO announced.
May 3, 2017

Polish oil, gas delegation to attend business forum in Tehran

TEHRAN- An oil and gas delegation from Poland will take a trip to Tehran to discuss bolstering bonds with Iranian private sector during an Iran-Poland business forum on Saturday, the Portal of Tehran Chamber of Commerce, Industries, Mines and Agricultu...
May 3, 2017

Annual fishery exports planned to reach $450-500m

TEHRAN – Iran plans to increase the value of its fishery exports up to $450-$500 million by the end of the current Iranian calendar year (March 20, 2018), Mehr news agency reported quoting an official at Iran’s Fisheries Organization.
May 2, 2017

International Airlines Are Connecting to Iran’s Shetab Banking System

International airlines such as Turkish Airlines and Qatar Airways have been connected to the Shetab banking system. This means that Iranians can now book their flights directly from the airlines with Iranian debit cards.

The post International Airlines Are Connecting to Iran’s Shetab Banking System appeared first on TechRasa.

May 2, 2017

Iran expects Middle East railways integration in near future

TEHRAN - Iran expects an integrated railway transport system in the Middle East to be established in the near future.
May 2, 2017

Tehran, Bavaria seek expansion of ties in post-JCPOA

TEHRAN- The CEO of Bavarian Industry Association Bertram Brossardt informed that Tehran and Bavaria are fond of developing their trade ties after the implementation of JCPOA (Joint Comprehensive Plan of Action which lifted sanction against Iran in Janu...
May 2, 2017

IPO ready to divest shares of 337 state-run companies

TEHRAN- The shares of some 337 state-run companies are prepared to be transferred to the private sector by the current Iranian calendar yearend (March 20, 2018).
May 2, 2017

Iran’s crude steel export up 27% yr/yr

TEHRAN- Iran exported 5.5 million tons of crude steel in the past Iranian calendar year 1395 (ended on March 20), with 27% increase from the figure of its preceding year, Iranian Steel Manufacturers Association’s Secretary Rasoul Khalifeh-Soltan told ISNA.