April 5, 2017

New Visa Program Makes Things Harder for Silicon Valley Startups

President Donald Trump had promised fundamental changes in the US immigration program during his presidency campaign. Now his administration has set new regulations for the H-1B visa which Silicon Valley is highl

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April 5, 2017

Iran not concerned by Indian threat to cut oil imports: Zanganeh

TEHRAN – Iran does not consider India's decision to cut oil imports from Tehran in 2017/18 by a fifth as a threat, ISNA quoted Oil Minister Bijan Namdar Zanganeh as saying on Wednesday.
April 5, 2017

Iran not concerned by Indian threat to cut oil imports: Zanganeh

TEHRAN – Iran does not consider India's decision to cut oil imports from Tehran in 2017/18 by a fifth as a threat, ISNA quoted Oil Minister Bijan Namdar Zanganeh as saying on Wednesday.
April 5, 2017

Talks with Mitsubishi ongoing despite Boeing deal, Iran says

TEHRAN - Iran's Aseman Airlines said negotiations with Japan's Mitsubishi Aircraft Corp. on the purchase of passenger jets are still ongoing despite its having signed a new agreement with Boeing Co. on the purchase of 30 planes.
April 5, 2017

Talks with Mitsubishi ongoing despite Boeing deal, Iran says

TEHRAN - Iran's Aseman Airlines said negotiations with Japan's Mitsubishi Aircraft Corp. on the purchase of passenger jets are still ongoing despite its having signed a new agreement with Boeing Co. on the purchase of 30 planes.
April 5, 2017

Over $9bn Foreign Investments Approved over Past Year

Iran approved over $9 billion in foreign investment during the last Iranian year (March 20, 2016 – March 21, 2017), director general of the Economy Ministry’s Foreign Investment Office announced. Ahmad Jamali said over the past Iranian year, the Foreign Investment Office has approved more than $9 billion in foreign investment. He added that during […]
April 5, 2017

Boeing to sell 30 737 MAXs to Iran Aseman Airlines

US-based Boeing confirms the signing of a Memorandum of Agreement (MOA) with Iran Aseman Airlines, expressing the airline’s intent to purchase 30 Boeing 737 MAX airplanes with a list price value of $3 billion. The agreement also provides the airline with purchase rights for 30 additional 737 MAXs. According to the U.S. Department of Commerce, […]
April 5, 2017

RZD International signs €1.2bn Iran Electrification Deal

RZD International and Islamic Republic of Iran Railways signed the contract for the Garmsar–Inche Bouroun Railway Line Electrification. In the framework of the visit of the President of the Islamic Republic of Iran Hassan Rouhani  to Moscow “RZD International” LLC and JSC “Islamic Republic of Iran Railways” signed the Contract for electrification of the Garmsar – […]
April 5, 2017

No Court Verdict Issued on Iranian Assets Freeze

Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court responsible for freezing $1.6 billion of Iranian assets in the European country has not issued a final verdict on the case yet. Speaking to reporters in Tehran on the sidelines of a cabinet session on Wednesday, Seif pointed to a […]
April 5, 2017

US charges Turkish Banker in Iran Sanctions Probe

By John Lee. Reuters reports that US prosecutors have charged an executive at the Turkish state-owned Halkbank in relation to alleged violations of US sanctions against Iran. Mehmet Hakan Atilla (47) is accused of conspiring with Turkish gold trader Reza Zarrab to use front companies and fake invoices to move hundreds of millions of dollars of […]
April 5, 2017

Plant Eyes Europe as Future Market for MEG Output

Morvarid Petrochemical Plant, a supplier of monoethylene glycol (MEG) in Iran, is planning to expand its export markets to Europe and India. The plant’s managing director, Gholamreza Jokar, said the previous calendar year which ended on March 20 was a favorable year for his company as it bolstered activities at its MEG unit and could […]
April 5, 2017

FAO: Conflicts Impose $16 Billion Losses to Syrian Agricultural Sector

In addition to the severe human suffering, war in Syria has imposed more than $16 billion of lost crop and livestock production and destroyed farming assets, FAO’s latest report says.
April 5, 2017

FAO: Conflicts Impose $16 Billion Losses to Syrian Agricultural Sector

In addition to the severe human suffering, war in Syria has imposed more than $16 billion of lost crop and livestock production and destroyed farming assets, FAO’s latest report says.
April 5, 2017

Transport infrastructures development needs $127b by 2026

TEHRAN- According to the Ministry of Transportation and Urban Development, developing transportation infrastructures in Iran requires 4.75 quadrillion rials (about $127 billion) investment by  the end of the country’s outlook plan for the calendar year of 1404 (March 20, 2026), IRNA reported on Tuesday.
April 5, 2017

Transport infrastructures development needs $127b by 2026

TEHRAN- According to the Ministry of Transportation and Urban Development, developing transportation infrastructures in Iran requires 4.75 quadrillion rials (about $127 billion) investment by  the end of the country’s outlook plan for the calendar year of 1404 (March 20, 2026), IRNA reported on Tuesday.
April 5, 2017

Over 200,000 enterprises set up in a year

TEHRAN- Over 200,000 enterprises were established in Iran during the past Iranian calendar year, which ended on March 20, IRNA reported on Tuesday, quoting Iran Chamber of Guilds Chairman Ali Fazeli.
April 5, 2017

Over 200,000 enterprises set up in a year

TEHRAN- Over 200,000 enterprises were established in Iran during the past Iranian calendar year, which ended on March 20, IRNA reported on Tuesday, quoting Iran Chamber of Guilds Chairman Ali Fazeli.
April 5, 2017

Iran’s Aseman Airlines inks $3b deal with Boeing

TEHRAN- Iranian airliner Aseman signed a memorandum of understanding (MOU) with the U.S. aircraft maker Boeing to buy 30 passenger planes model 737 MAX worth $3 billion, IRNA reported on Tuesday.
April 5, 2017

Iran’s Aseman Airlines inks $3b deal with Boeing

TEHRAN- Iranian airliner Aseman signed a memorandum of understanding (MOU) with the U.S. aircraft maker Boeing to buy 30 passenger planes model 737 MAX worth $3 billion, IRNA reported on Tuesday.
April 5, 2017

Customs income hits $4.8b, up 60% yr/yr

TEHRAN- Customs income reaches over 181 trillion rials (about $4.839 billion) in the past Iranian calendar year 1395 (ended on March 20), Islamic Republic of Iran Broadcasting (IRIB) reported on Tuesday.