April 28, 2017

EU commissioner expected in Tehran for arranging 1st Iran-EU energy forum

TEHRAN- European Climate Action and Energy Commissioner Miguel Arias Canete will arrive in Tehran tomorrow to set the ground for holding the first-ever Iran-EU Business Forum on Sustainable Energy, Tasnim news agency reported.
April 28, 2017

Iran provides $66bn Loans to Mining, Industry

By John Lee. Iran has reportedly allocated loans amounting to over $66 billion to the mining, industry and trade sectors in the year just finished. Mohammad Reza Nematzadeh, Minister of Industry, Mines, and Trade, was quoted as saying that $46 billion in banking facilities were earmarked for mining and industry sectors while over $20 billion […]
April 28, 2017

Why Region should prepare for long Saudi-Iranian Confrontation

By Saeid Jafari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Ties between Iran and the Gulf Cooperation Council (GCC) have been strained for years. Incidents such as the stampede during the Hajj pilgrimage in 2015, in which hundreds of Iranian pilgrims were crushed to […]
April 27, 2017

Inflation rate stands at 7.6% in rural areas

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the rural areas for the 12-month period ended in Farvardin, the first month of the current Iranian calendar year (March 21-April 20), hit 7.6 percent, Tasnim news agency report...
April 27, 2017

Total to Finalize South Pars Deal “within Weeks”

Iran says it expects France’s Total to finalize an agreement over the development of a key natural gas project in the country’s south in less than a month. Amirhossein Zamaniniya, Iran’s deputy petroleum minister for international affairs and trading, was quoted by domestic media as saying that Total had been waiting to see whether there […]
April 27, 2017

Can Iran stop Iraqi Kurdistan Independence?

By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News.  As talk of an independence referendum for Iraq’s Kurdistan Regional Government (KRG) grows, Iran’s role is becoming more visible, especially that of Qasem Soleimani (pictured), the powerful commander of […]
April 27, 2017

Number of industrial units up 8% yr/yr

TEHRAN – More than 38,392 persons were employed in over 2,411 newly established industrial units of the country’s industrial parks in the last Iranian calendar year (ended on March 20).
April 27, 2017

Iran’s First Mobile Network Operator has a 58% Market Share

During a recent event, CEO of Iran’s first mobile network operator (MCI) gave a performance review of the company to the public. MCI currently owns 58% of the SIM cards sold in the country.

The post Iran’s First Mobile Network Operator has a 58% Market Share appeared first on TechRasa.

April 26, 2017

Annual minerals, mining exports exceed $7b

TEHRAN- Iran’s minerals and mining industries exports exceeded $7 billion in the previous Iranian calendar year 1395 (March 2016-March 2017), according to the latest data released by the Customs Administration.
April 26, 2017

Iran, Kyrgyzstan discuss development of railway ties

TEHRAN- Iranian Transport Minister Abbas Akhoundi conferred on expansion of Iran-Kyrgyzstan railway ties in a meeting with the parliamentary delegation of Kyrgyzstan, led by Speaker Chynybai Tursunbekov, Mehr news agency reported on Wednesday.
April 26, 2017

Iran, Kyrgyzstan discuss development of railway ties

TEHRAN- Iranian Transport Minister Abbas Akhoundi conferred on expansion of Iran-Kyrgyzstan railway ties in a meeting with the parliamentary delegation of Kyrgyzstan, led by Speaker Chynybai Tursunbekov, Mehr news agency reported on Wednesday.
April 26, 2017

President opens 17 projects in Qazvin

President Rouhani opened 17 industrial and infrastructural projects in Qazvin province. At the ceremony that was held on Sunday in the city of Qazvin, the centre of Qazvin province, Dr Rouhani opened the projects through videoconferencing. The projects were in the field of polymer and plastic production, wood, agriculture, animal husbandry, irrigation systems, park, gas […]
April 26, 2017

Luxembourgish trade delegation due in Tehran on Saturday

TEHRAN- A 50-member trade delegation from Luxembourg will discuss enhancement of economic ties with Iranian tradesmen in Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Saturday, ISNA reported on Tuesday.
April 26, 2017

Luxembourgish trade delegation due in Tehran on Saturday

TEHRAN- A 50-member trade delegation from Luxembourg will discuss enhancement of economic ties with Iranian tradesmen in Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Saturday, ISNA reported on Tuesday.
April 26, 2017

Zinc ingot production increases above 22% in a year

TEHRAN- Iran could produce 80,000 tons of zinc ingots during the past Iranian calendar year 1395 (ended March 20, 2017) registering 22.5 percent rise compared to the preceding year, IRNA quoted the CEO of Iran Zinc Mines Development Company on Tuesday.
April 26, 2017

Zinc ingot production increases above 22% in a year

TEHRAN- Iran could produce 80,000 tons of zinc ingots during the past Iranian calendar year 1395 (ended March 20, 2017) registering 22.5 percent rise compared to the preceding year, IRNA quoted the CEO of Iran Zinc Mines Development Company on Tuesday.
April 26, 2017

Oil exports from Kharg terminal up 80% yr/yr

TEHRAN - Iran exported 780 million barrels of crude oil from Kharg Island terminal in south part of the country during the last Iranian calendar year 1395 (ended on March 20), which indicates an 80 percent rise compared to the preceding year (1394).
April 26, 2017

$500m Exports of Knowledge-Based Products in 3 Yrs

Iranian Minister of Science, Research and Technology Mohammad Farhadi said the country has exported more than $500 million worth of knowledge-based products over the past three years. Speaking to reporters in Tehran on Monday on the sidelines of the 5th Laboratory Equipment and Chemicals Exhibition (Iran Lab 2017), Farhadi said over 10,000 products have been […]
April 26, 2017

Zangeneh: Minimum Risk of New Sanctions

International companies should seize new opportunities for investment in Iran’s economic and energy sectors despite the talks about new sanctions in the wake of increasing political tensions between Tehran and Washington, a top oil official says. “If there are new restrictions, it will not affect the deals that are concluded after the easing of restrictions […]
April 26, 2017

Indigo Invests in Iranian Fast Moving Consumer Goods

Indigo Holdings plc, the Middle East focused Investment Company that provides investors with exposure to early stage businesses, has invested IRR 10,000,000,000 (Ten billion Rial), approximately £200,000, in FMCG, the recently established online retail delivery business of Yaran Daryan, the Iranian convenience store chain. Indigo has acquired a 15% equity stake in FMCG at a […]