March 23, 2017

Annual non-oil export 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.
March 23, 2017

Chinese firms help to update Tehran subway

Chinese state-owned train makers announced two separate deals to supply subway cars to Iran, which is trying to bolster one of the largest urban rail systems in the Middle East.
March 23, 2017

Iran’s renewable energy capacity to hit 700-850MW in a year

TEHRAN- Iran’s renewable energy generation capacity will reach 700-850 megawatts (MW) in the current Iranian calendar year (which began on March 21), Seyed Mohammad Sadeqzadeh, the deputy energy minister, announced.
March 23, 2017

Over $2.4b finance to be injected to housing sector

TEHRAN- Iran's deputy transport and urban development minister announced that nine trillion rials (over $2.4 billion) of finance will be injected to the housing sector in the current Iranian calendar year (which began on March 21), Tasnim news agency r...
March 22, 2017

Annual job creation stands at 700,000: vice president

TEHRAN- Iran’s Vice President Es’haq Jahangiri said that 700,000 jobs was created in the country during the past Iranian calendar year (which ended on March 20), IRNA reported on Wednesday.
March 22, 2017

Rouhani inaugurates $130m cement plant

TEHRAN – President Hassan Rouhani on Wednesday inaugurated a cement plant in the eastern province of South Khorasan province.
March 22, 2017

Tender for Karun II Dam and Power Station

Iran Water and Power Resources Development Company (IWPCO) has invited tenders for the Karun II Dam and Power Plant project in Khuzestan province. The project is being offered through a Public-Private Partnership (PPP) on Build, Operate and Transfer (BOT) basis. The Karun I and Karun III dams are located downstream and upstream of Karun II, […]
March 22, 2017

Sinclair Pharma sees Strong Growth in Iran

By John Lee. International aesthetics company Sinclair Pharma has said it has seen strong growth in Iran, with another strong year expected in 2017. In its preliminary results announcement, the UK-based company said: “Revenues to Iran increased strongly in 2016 and with our partner in Iran now responsible for the full Sinclair portfolio, further growth is […]
March 22, 2017

Pakistan Trade with Iran to Start Next Month

By John Lee. Pakistan and Iran will resume banking channels from next month to facilitate official trade between the two countries, according to a report from The News. Zubair Tufail, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said he expects the first letter of credit (LC) for Iranian trade will […]
March 22, 2017

The coming Iran-US Confrontation in Iraq

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In June 2014, Mosul was seized by the Islamic State (IS), whose leader Abu Bakr al-Baghdadi soon afterward announced a caliphate from the city’s grand mosque. Now the caliphate is seemingly coming to an […]
March 22, 2017

IAEA Has 5 Times Confirmed Iran’s Compliance with JCPOA

European Union Foreign Policy Chief Federica Mogherini (pictured) said that the 2015 nuclear deal between Tehran and world powers cannot be “partially renegotiated”, noting that the IAEA has five times confirmed Iran’s compliance with its commitments under the agreement. “I fully share the need to fully implement, in all its parts, the JCPOA. Let me […]
March 22, 2017

Video: Iran Pre-nups land thousands of Men in Jail

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. When Sadegh married his college sweetheart, he never thought he’d end up as one of those Iranians facing ruin and even prison because of huge sums demanded by his wife’s family. But the “mehrieh” […]
March 22, 2017

Pakistan’s trade with Iran to start next month

Pakistan and Iran will resume banking channels from next month which pave way for official trade between the two countries, ZubairTufail, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Tuesday.
March 22, 2017

Azar oil field’s output to reach 30,000 bpd in spring

TEHRAN- Oil extraction from Azar oilfield will reach 30,000 barrels per day (bpd)  in spring 2017, which corresponds to the first quarter of the current Iranian calendar year (March 21-June 21), ISNA reported.
March 22, 2017

Investment deals worth $320.8m inked with private sector to develop IKIA city

TEHRAN- Investment deals worth 12 trillion rials (about $320.85 million) have been signed with the private sector in the past Iranian calendar year (which ended on March 20) for development of Imam Khomeini Airport City, Mahmoud Navidi, the managing di...
March 22, 2017

Industry, mining sectors attract over $8b foreign investment in 3.5 years

TEHRAN- Industry and mining sectors have attracted over $8 billion foreign investment in the past three and half years, according to Mohsen Salehinia, Iranian deputy industry, mining and trade minister.
March 22, 2017

Fishery output stands at over 1m tons in a year

TEHRAN- Over 1.05 million tons of fisheries was produced in the country during the past Iranian calendar year (which ended on March 20), according to Hassan Salehi, the head of Iran’s Fisheries Organization.
March 22, 2017

Meeting on Closer Banking Ties with Latin America

Iran’s Foreign Ministry officials and representatives of the state-run and private banks held a meeting in Tehran to explore avenues for expansion of banking relations with Latin American nations following the implementation of the JCPOA. The gathering was attended by Iranian Foreign Ministry’s political directors in charge of Latin American affairs, representatives from Iranian banks, […]
March 22, 2017

New Zealand to Export “Safe” Sheepmeat to Iran

New Zealand’s Primary Industries Minister Nathan Guy said New Zealand meat exporters will deliver “safe” sheepmeat to Iran in the near future. New Zealand meat exporters could be landing sheepmeat into Iran later this year as efforts are made to revive a trade which was at its height during the boom years of the 1980s, […]
March 22, 2017

South Africa eyes Missile System Sale to Iran: Report

South Africa is seeking to sell surface-to-air missile system to the Islamic Republic of Iran, a report said. According to the report carried by mybroadband website on Saturday, South Africa has applied to the United Nations Security Council to sell missiles worth R1.5 billion ($118 million) to Iran. The report added that this will be […]