March 16, 2017

59 new wagons join Tehran subway network

TEHRAN- Some 59 new wagons, made in Iran, joined Tehran subway network on Wednesday, IRNA reported. According to Maziyar Hosseini, an official in Tehran Municipality, two of the new wagons are double-decker.
March 16, 2017

$3bn needed for Airport Development

By John Lee. The Iranian government is reportedly seeking private investors to fund a $3-billion expansion of the airports at Mehrabad, Imam Khomeini, Tabriz, Mashhad, Isfahan, Kerman and Shiraz. Trade Arabia reports that Iran has already gathered around $2.35 billion in foreign investments through memorandums of understanding, and secured $650 million in firm contracts. Among […]
March 16, 2017

Iran Starts Pumping Oil from Azar Joint Oilfield

Iran on Tuesday, March 14, began pumping 15,000 barrels/day of crude oil from Azar Oilfield which it shares with Iraq. Early production from the field, located in the border city of Mehran, began in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh. Azar Oilfield development project is aimed at production […]
March 16, 2017

Iran’s Oil Output hits 3.8m bpd in February

The Organization of the Petroleum Exporting Countries (OPEC) said Iran’s oil production reached a new record high of 3.8 million barrels per day in February. According to OPEC’s monthly report on Tuesday, the February figures showed Iran was producing about 36,100 barrels a day above its previous level, reaching 3.8 million barrels per day. Earlier […]
March 16, 2017

Has Rouhani achieved his Goals for Iranian Economy?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian President Hassan Rouhani’s first term in office will come to an end in a few months, and it is time to evaluate his administration’s economic policies during the past four years. When Rouhani […]
March 15, 2017

Iran’s oil output exceeds 3.8m bpd in February: OPEC

TEHRAN – According to OPEC’s latest monthly report published on March 14, Iran’s oil output in February reached 3.814 million barrels per day (bpd), a 36,100-bpd rise compared to January.
March 15, 2017

Iran’s oil output exceeds 3.8m bpd in February: OPEC

TEHRAN – According to OPEC’s latest monthly report published on March 14, Iran’s oil output in February reached 3.814 million barrels per day (bpd), a 36,100-bpd rise compared to January.
March 15, 2017

Azadegan oilfield’s tender to be held soon: Zanganeh

TEHRAN - Oil Minister Bijan Namdar Zanganeh announced on Tuesday that the process for holding a tender for the development of Azadegan oilfield has been started, Shana reported.
March 15, 2017

Azadegan oilfield’s tender to be held soon: Zanganeh

TEHRAN - Oil Minister Bijan Namdar Zanganeh announced on Tuesday that the process for holding a tender for the development of Azadegan oilfield has been started, Shana reported.
March 15, 2017

Post-sanction Iran hosts 200 foreign trade delegations

Iran has hosted 200 trade delegations from foreign countries since implementation of Joint Comprehensive Plan of Action (JCPOA) in January 2016, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Chairman Masoud Khansari told the Te...
March 15, 2017

Post-sanction Iran hosts 200 foreign trade delegations

Iran has hosted 200 trade delegations from foreign countries since implementation of Joint Comprehensive Plan of Action (JCPOA) in January 2016, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Chairman Masoud Khansari told the Te...
March 15, 2017

Aviation industry ready to take off in 2017

Iran for long has been an economic and tourism hub in the Middle East and considering its significant strategic and geographical position, it has always been at the center of attention for the countries all around the world.
March 15, 2017

Aviation industry ready to take off in 2017

Iran for long has been an economic and tourism hub in the Middle East and considering its significant strategic and geographical position, it has always been at the center of attention for the countries all around the world.
March 15, 2017

Iran-Germany economic ties dramatically changed

Germany’s economic ties with Iran have changed dramatically during the past 14 months, as of negotiations between Iran and the five permanent members of the UN Security Council (Russia, China, the United States, France and Britain) plus Germany succeeded and the anti-Iranian sanctions were removed.
March 15, 2017

Iran-Germany economic ties dramatically changed

Germany’s economic ties with Iran have changed dramatically during the past 14 months, as of negotiations between Iran and the five permanent members of the UN Security Council (Russia, China, the United States, France and Britain) plus Germany succeeded and the anti-Iranian sanctions were removed.
March 15, 2017

Russia, Iran Negotiate Joint Projects Worth $10bn

By John Lee. Russian Minister of Energy Alexander Novak (pictured) and Iranian Minister of Information and Communications Technology Mahmoud Vaezi have met to discuss contracts worth $10 billion, according to a report from Sputnik News. Novak said the countries are expected to sign more than 10 contracts in the fields of construction and railway electrification, adding that two draft […]
March 15, 2017

IRISL seeking London Share Listing

By John Lee. The Islamic Republic of Iran Shipping Lines (IRISL) has reportedly held meetings in London to discuss a possible listing on the London Stock Exchange (LSE). The company was removed from sanctions blacklists last year, and has already placed an order for new ships estimated to be worth $626 million. But according to […]
March 15, 2017

Payment App wins FinTech Award

By John Lee. A payment application for foreign tourists has reportedly won Bank Pasargad’s award for best fintech innovation at the First Fintech Festival. ZPay allows visitors to shop in Iran while keeping their money outside the country. (Source: CryptoCoinsNews)
March 15, 2017

Tender for Supply of Tobacco

By John Lee. The Iran Tobacco Company has announced a tender for the supply of tobacco. Offers will be received up to 10th April 2017. More information here. (Source: Iran Tobacco Company)
March 15, 2017

IRISL dismisses offering shares on London Stock Exchange

TEHRAN- Tasnim news agency reported on Tuesday that Islamic Republic of Iran Shipping Lines (IRISL) has rejected offering of its shares on London Stock Exchange (LSE) initial public offering (IPO).