April 24, 2017

Iranian oil price hikes 99 cents per barrel in a week

TEHRAN- The price of Iran’s light crude oil in the week ending April 14 experienced a $0.99 increase to reach $52.42 per barrel, IRNA reported on Sunday.
April 23, 2017

FINSTARS Making the Vibe for Iranian FinTech Startups

Last week one of the most important FinTech events was held in Tehran for the second year. This event gathered many of the FinTech startups in the country.

The post FINSTARS Making the Vibe for Iranian FinTech Startups appeared first on TechRasa.

April 23, 2017

Deal with Total probably finalized within a month: official

TEHRAN – Iranian Deputy Oil Minister in International Affairs and Trading Amir Hossein Zamaninia said the deal with Total based on the new oil contracts (known as IPC) will be probably finalized at most within a month, ISNA reported on Sunday.
April 23, 2017

Iran, Russia to jointly build 2 Nuclear Power Plants

By John Lee. Xinhua reports that Iran will start construction of two nuclear power plants in cooperation with Russian experts, The Iranian Energy Minister, Hamid Chitchian (pictured), is quoted as saying: “The contract has been signed between the Atomic Energy Organization of Iran (AEOI) and Russia, and includes building two 1,000-megawatt nuclear power plants, the construction […]
April 23, 2017

Why Iran won’t ditch the Dollar soon

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 Central Bank of Iran (CBI) has for some time been working on a plan to stop using the US dollar in its financial reports. In a program aired on Iranian state television Jan. 28, […]
April 23, 2017

President opens 600-bed Bu-Ali Sina Hospital in Shiraz

The 600-bed Bu-Ali Sina Hospital was opened in Shiraz on Thursday in President Rouhani’s presence during his visit to Fars province. President also visited different parts of the hospital and was briefed by the managers of the province about the construction and equipment process. The hospital that offers educational, research and medical services, has various […]
April 23, 2017

Video: Iran’s 2017 Election

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iranian President Hassan Rouhani registered to run for a second presidential term, vowing to continue his work towards “more freedom and peace” and improving the economy. Iranians have mixed feelings about his first […]
April 23, 2017

Industry sector attracts $5.6b in foreign investment post-sanctions

TEHRAN- Iran could manage to attract $5.6 billion of foreign investments in various domestic industrial projects as of the removal of international sanctions in January 2016, Iranian Industry Minister Mohammadreza Nematzadeh announced in a press confer...
April 23, 2017

Inflation rate stands at 6.9% in urban areas

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the urban areas for the 12-month period ended in Farvardin, the first month of the current Iranian calendar year (March 21-April 20), hit 6.9 percent, Mehr news agency reported.
April 23, 2017

Iran plans to export $3.5b worth of foodstuff this fiscal

TEHRAN – Iran’s Industry, Mines and Trade Ministry has it on the agenda to export $3.5 billion worth of food products during the current Iranian calendar year (March 21, 2017- March 20, 2018), ISNA reported on Friday quoting an official at the ministry.
April 22, 2017

Tehran hosting 48 foreign companies in horticulture fair

TEHRAN – The second edition of Iran Green Trade Fair (IGTF 2017) is hosting five domestic exhibitors and 48 foreign companies, IRIB reported.
April 22, 2017

Post-JCPOA petchem industry promising: Zanganeh

TEHRAN- The future of Iran’s petrochemical industry is promising after the implementation of JCPOA (Joint Comprehensive Plan of Action which lifted sanction against Iran in January 2016), Oil Minister Bijan Namdar Zanganeh said on Saturday.
April 22, 2017

Iran, India sign LPG deal for first time

TEHRAN – Iran has signed a deal for selling liquefied petroleum gas (LPG) to India, IRNA reported quoting a gas official as saying.
April 22, 2017

Italy’s Saras cleared oil debt with Iran in Q1

Italian oil refiner Saras cleared in the first quarter of this year the debt it owed Iran for oil bought before sanctions were imposed, general manager Dario Scaffardi said.
April 22, 2017

Over 400 companies to attend Iran Beauty & Clean Exhibition

TEHRAN- Some 427 Iranian and foreign companies will take part in the 24th International Exhibition of Detergent, Cleanser, Hygienic, Cellulose Products & Related Machinery of Iran (Iran Beauty & Clean) from April 24 to 29, IRNA reported.
April 22, 2017

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]
April 22, 2017

Russia Hopes Iran SCO Membership Process Starts in June

Russian Foreign Minister Sergey Lavrov hopes that Iran’s SCO membership process would be launched in June. Moscow hopes that Iran’s Shanghai Cooperation Organization (SCO) membership process would be launched in June, Russian Foreign Minister Sergey Lavrov said Friday. “Next in line, many have said this today, is Iran, which as you know has settled the […]
April 22, 2017

UK Banks “Close Accounts” of Iranian Customers

By John Lee. UK-based Blackstone Solicitors is reportedly handling more than 60 complaints by Iranian nationals who have had their bank accounts closed, allegedly because of their nationality. Some banks refuse to explain why they closed the accounts, while others cite sanctions against Iran as the main reason. The head of the firms Iran desk […]
April 21, 2017

Highlights of Iran’s ICT Achievements in the Recent Years

In the past four years, the Iranian government deployed ICT effectively in many fields. Here are some of the achievements in Iran's ICT sector in the recent years.

The post Highlights of Iran’s ICT Achievements in the Recent Years appeared first on TechRasa.

April 21, 2017

Tehran, Hanoi able to reach $2b trade: ICCIMA head

TEHRAN- Iran and Vietnam can increase the value of their bilateral trade up to $2 billion, Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie said addressing an Iran-Vietnam trade forum held in Hanoi on ...