April 16, 2017

Iran, Pakistan ink MOU on banking co-op

TEHRAN – The Central Bank of Iran (CBI) and the State Bank of Pakistan (SBP) signed an agreement on Banking and Payment Arrangement (BPA) aiming to strengthen banking ties between the two countries.
April 16, 2017

Foreign investment in Iran’s capital market surged under Rouhani

TEHRAN- Foreign investment in the Iranian capital market has witnessed a sharp rise since President Hassan Rouhani took office in August 2013, IRNA quoted Finance and Economic Affairs Minister Ali Tayyebnia as saying.
April 16, 2017

Tehran to host 20th Iran-Pakistan JEC meeting

TEHRAN- Tehran will host the 20th meeting of the Iran-Pakistan Joint Economic Committee (JEC) on Monday and Tuesday, IRNA reported.
April 16, 2017

S.Korea’s March crude imports from Iran hit record high

South Korea's intake of Iranian crude oil soared to a record high in March and its first-quarter crude imports from Iran nearly doubled on year, reflecting Tehran's efforts to raise output after the lifting of sanctions early last yea
April 15, 2017

Telegram Finally Activated Its Voice Call Feature for Its Biggest Market

Telegram finally activated its voice call feature in Iran. This feature might put an end to Telegram or keep it as the dominant messaging app in the country.

The post Telegram Finally Activated Its Voice Call Feature for Its Biggest Market appeared first on TechRasa.

April 15, 2017

South Pars deal with Total to be finalized within days: NIOC

TEHRAN – The National Iranian Oil Company will soon finalize an agreement with France’s Total on the development of South Pars gas field’s phase 11.
April 15, 2017

Swedish Govt Authorizes Firm to Invest in Iran through Bitcoins

The government of Sweden is reported to have authorized a local business to create a mechanism based on a globally popular virtual currency to transfer funds to Iran. The move is already believed to have the potential to facilitate investing in the Islamic Republic where transferring money in and out became complicated as a result […]
April 15, 2017

Over $419m of state-owned shares to be divested in a week

TEHRAN- Iranian Privatization Organization (IPO) will transfer 13.6 trillion rials (above $419 million) worth of the state-run shares to the private sector during the last week of Farvardin, the first month of the newly started Iranian calendar year 13...
April 15, 2017

Iran Air secures final contract for purchase of 20 turboprops with ATR

TEHRAN- Iran's national flag carrier, Iran Air, signed a final contact with French-Italian aircraft manufacturer ATR for purchasing 20 turboprop passenger planes on Thursday, IRNA reported.
April 15, 2017

Oil output to reach 4.05m bpd by next March: NIOC head

TEHRAN- Oil production in Iran will reach 4.05 million barrels per day (bpd) by the end of the current Iranian calendar year (March 20, 2018), National Iranian Oil Company (NIOC) Managing Director Ali Kardor told ISNA.
April 15, 2017

Oil production in Iran drops 29,000 bpd in March: OPEC

TEHRAN- Iran’s oil output stood at 3.79 million barrels per day (bpd) in March, with 29,000 bpd drop from 3.819 million bpd in February, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report released on April 12.
April 14, 2017

Nokia Trying to Break Into the Iranian Market Again

Nokia mobile phones are expected to be officially available in Iran once again. HMD Global, the Finnish company which now has the exclusive rights of Nokia phones is hoping to be able to take a share of the mobile phone market in Iran.

The post Nokia Trying to Break Into the Iranian Market Again appeared first on TechRasa.

April 14, 2017

Iran’s carpet exports rise 27%, U.S. reported top importer

TEHRAN - About $350 million worth of Iranian carpets were exported during the last Iranian calendar year (ended March 20) registering a 27 percent increase compared to the preceding year, Tasnim news agency quoted Hamid Kargar, the head of Iran's Natio...
April 14, 2017

Annual foreign investment hits $12b: fin. min.

TEHRAN- Iran attracted $12 billion in foreign investment during the past Iranian calendar year (ended on March 20), ISNA quoted Finance and Economic Affairs Minister Ali Tayyebnia as saying.
April 14, 2017

Foreign investment in Iran hits $12b annually: fin. min.

TEHRAN- Iran attracted $12 billion in foreign investment during the past Iranian calendar year (ended on March 20), ISNA quoted Finance and Economic Affairs Minister Ali Tayyebnia as saying.
April 14, 2017

Ahmadinejad is running for President in Iran … Again

By Rohollah Faghihi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s former President Mahmoud Ahmadinejad surprised everyone April 12 by registering to run in the May 19 presidential election, a move that could be interpreted as directly defying Supreme Leader Ayatollah Ali Khamenei, who […]
April 13, 2017

Iran, ATR Sign Major Aircraft Deal

European aviation giant ATR said it has signed a deal with Iran’s national flag-carrier airline Iran Air to sell 20 aircraft to Tehran. ATR Spokesman David Vargas confirmed the deal for the sale of 20 ATR-600s, a twin-propeller aircraft, was signed on Thursday. “They will definitely help Iran Air to modernize and develop regional connectivity […]
April 13, 2017

President to inaugurate 4 petchem projects in coming days

TEHRAN- Iranian President Hassan Rouhani will officially inaugurate four petrochemical projects in the coming days, IRNA reported on Wednesday.
April 13, 2017

Monthly car output up 27% yr/yr

TEHRAN- Iranian car makers manufactured 124,691 vehicles in the last month of the past Iranian calendar year, Esfand (February 20-March 20), with 27 percent growth from 98,167 cars manufactured in the same month in its preceding year, ISNA reported on ...
April 13, 2017

Bank loans to economic sectors rise 40% to $133b

TEHRAN- The governor of the Central Bank of Iran (CBI) Valiollah Seif announced on Wednesday that banking loans paid to various Iranian economic sectors witness a 40-percent rise in the past Iranian calendar Year 1395 (ended March 20, 2017), as compare...