March 26, 2017

Iran to present new oil contracts to Russian companies

TEHRAN-  Iran will give presentation on its new oil contracts for Russian companies on Monday.
March 25, 2017

New Swedish firm offers Iranian stock investment for bitcoin

Brave New World Investments AB, a new firm registered in Sweden, is now accepting deposits in bitcoin which it converts to Iranian Rial and invests in equities on the Tehran Stock Exchange. It does this on behalf of its European shareholders while also...
March 25, 2017

New complexes to add 9.5mt to Iran’s petchem output: Zanganeh

TEHRAN – Iranian oil minister said on Saturday that new petrochemical complexes going online will add 9.5 million tons (mt) to the country's petrochemical output, IRNA reported.
March 25, 2017

Iran-China economic co-op seminar to be held next week

Tehran – An Iran-China economic cooperation seminar is due to be held on April 5, IRNA cited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)'s public relations office.
March 25, 2017

Large petrochemical complex costing €257m inaugurated in western Iran

TEHRAN- A large petrochemical complex with an annual production capacity of 310,000 tons came on stream today in the western province of Kordestan.
March 25, 2017

Iran’s 3rd new Airbus to land in Tehran today

TEHRAN- Iran Air, the flag carrier airline of Iran, will take delivery of the third newly purchased Airbus jets today.
March 24, 2017

219 foreign delegations negotiate insurance co-op with post-sanction Iran

TEHRAN- After the implementation of JCPOA (joint comprehensive plan of action which lifted sanctions against Iran in January 2016) until the end of last autumn, some 219 foreign delegations have visited the country to negotiate cooperation in different...
March 24, 2017

China’s Feb. Iranian crude import up 18%

TEHRAN - China imported in February 657,900 barrels of crude oil per day from Iran, an increase of 18 percent year on year, according to data from the Chinese General Administration of Customs.
March 24, 2017

Mining sector’s share in Iran’s GDP to rise to 1.5%

TEHRAN- The share of mining sector in Iran’s gross domestic product (GDP) will be increased to 1.5 percent in the Sixth National Development Plan (2016-2021) from the current figure of 1.1 percent, Deputy Industry, Mining and Trade Minister Jafar Sarqini told IRNA on Friday.
March 24, 2017

Chinese firms help to update Tehran Metro

By John Lee. According to Tehran Times, the Chinese military-affiliated Norinco International won a 93 million euro ($100 million) contract to manufacture 70 subway cars for the Tehran Metro. The cars will be sold to Tehran Wagon Manufacturing Co., a joint venture formed between Norinco, with a 29% stake, together with Tehran’s official subway operator, […]
March 24, 2017

ZTE Corp Pleads Guilty in Sanctions Case

By John Lee. Chinese telecom equipment maker ZTE Corp has pleaded guilty to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran. The guilty plea was part of an agreement the company reached earlier this month with U.S. authorities that also called for nearly $900 million in fines and other […]
March 24, 2017

Luxembourg Court denies Iran demand to Unblock Assets

By John Lee. AFP reports that a court in Luxembourg has denied a demand by Tehran to repatriate $1.6 billion of Iranian assets claimed by the US as compensation for the victims of the September 11 attacks. In 2012, a New York judge ordered Iran to pay $7 billion in damages to the families and […]
March 24, 2017

India Seeking New Payment Mechanism for Iran Trade

India is exploring setting up a new payments mechanism for trade with Iran, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo. Under previous Western sanctions, India had devised a barter-like scheme acceptable to Washington that allowed it to make some oil payments to […]
March 24, 2017

Iran Ranks 108th in World Happiness Ranking

By John Lee. Iran has ranked 108th out of 155 countries in the latest World Happiness Report. The report, produced by the Sustainable Development Solutions Network (SDSN), contains analysis from leading experts in the fields of economics, neuroscience, national statistics, and describes how measurements of subjective well-being can be used effectively to assess national progress. […]
March 24, 2017

New Zealand Delays Plan to Export Lambs to Iran

By John Lee. New Zealand has reportedly postponed plans to export lamb to Iran. A spokesman for Silver Fern Farms, one of two exporters working with import companies in Iran, emphasized that the plan would be put into practice next season, which begins in December. NZ Primary Industries Minister Nathan Guy said he had just […]
March 24, 2017

Bank of England “Reluctant” to Facilitate Iran-UK Trade

By John Lee. Reuters quotes informed sources as saying that the Bank of England (BoE) had recently turned down a request by Tehran to set up special clearing accounts for its banks. Such accounts, for Iran’s own Central Bank or for the British subsidiaries of Iranian banks, would allow them to make and receive payments […]
March 24, 2017

16 embankment dams to be inaugurated in this calendar year

TEHRAN- Managing Director of Iran Water Resources Management Company Mohammad Haj-Rasouliha announced that 16 embankment dams will be inaugurated in the country during the current Iranian calendar year (which started on March 21).
March 24, 2017

117 industry, mining, trade co-op documents inked with foreigners post sanctions

TEHRAN- Iran’s Ministry of Industry, Mining and Trade has signed 117 cooperation documents with renowned foreign companies in post sanctions era, IRNA reported on Thursday.
March 23, 2017

Iranian tanker with oil for Belarus arrives in port of Odessa

An Iranian tanker with oil for Belarus arrived in the port of Odessa, said the Deputy Director General of CJSC “Belarusian oil company” Sergey Mushroom.
March 23, 2017

Annual non-oil exports from Iran stands at $40b: Jahangiri

TEHRAN- Iranian First Vice President Es’haq Jahangiri put the country’s worth of non-oil exports at $40 billion in the past Iranian calendar year of 1395 (ended on March 20), ILNA reported on Wednesday.