March 13, 2017

Infrastructures prepared for Iran-Russia all-out economic ties

TEHRAN- Iranian Communications and Information Technology Minister Mahmoud Vaezi in a Monday meeting with Russian Energy Minister Alexander Novak in Moscow announced that the required infrastructure to expand all-out economic ties between the two count...
March 13, 2017

32 new passenger wagons to join Iranian network today

TEHRAN- Some 32 new and renovated passenger wagons will join Iran’s railway network during an official ceremony today, Managing Director of RAJA Rail Transportation Company Mohammad Rajabi told Tasnim news agency.
March 13, 2017

32 new passenger wagons to join Iranian network today

TEHRAN- Some 32 new and renovated passenger wagons will join Iran’s railway network during an official ceremony today, Managing Director of RAJA Rail Transportation Company Mohammad Rajabi told Tasnim news agency.
March 13, 2017

Iran 95% self-sufficient in water, electricity equipments: energy min.

TEHRAN – Iranian Energy Minister Hamid Chitchian said that more than 95 percent of Iran’s equipments needed in water and electricity sectors are produced inside the country, IRNA reported.
March 13, 2017

Iran 95% self-sufficient in water, electricity equipments: energy min.

TEHRAN – Iranian Energy Minister Hamid Chitchian said that more than 95 percent of Iran’s equipments needed in water and electricity sectors are produced inside the country, IRNA reported.
March 13, 2017

SP phase 19 last platform installed on offshore spot

TEHRAN- The last platform of the phase 19 of Iran’s South Pars gas field (in the Persian Gulf) was installed on its designated offshore spot on Sunday morning, Pars Oil and Gas Company (POGC), which is in charge of developing the gas field, announced.
March 13, 2017

SP phase 19 last platform installed on offshore spot

TEHRAN- The last platform of the phase 19 of Iran’s South Pars gas field (in the Persian Gulf) was installed on its designated offshore spot on Sunday morning, Pars Oil and Gas Company (POGC), which is in charge of developing the gas field, announced.
March 12, 2017

Task force formed between Iran, Finland to overcome banking barriers

TEHRAN- Finland's Ambassador to Tehran Harri Kämäräinen told IRNA that a task force, comprised of high banking officials of the two countries, has been formed to overcome the present obstacles on the way of expanding bilateral banking ties.
March 12, 2017

Task force formed between Iran, Finland to overcome banking barriers

TEHRAN- Finland's Ambassador to Tehran Harri Kämäräinen told IRNA that a task force, comprised of high banking officials of the two countries, has been formed to overcome the present obstacles on the way of expanding bilateral banking ties.
March 12, 2017

Hyundai seals contract for €3b petro refining project in Iran

TEHRAN – South Korea’s Hyundai Engineering Company (HEC) signed a €3-billion contract with Iran’s Ahdaf Investment Company on Sunday for construction of the second phase of Kangan Petro Refining Complex in Iran’s southwestern Bushehr province.
March 12, 2017

Hyundai seals contract for €3b petro refining project in Iran

TEHRAN – South Korea’s Hyundai Engineering Company (HEC) signed a €3-billion contract with Iran’s Ahdaf Investment Company on Sunday for construction of the second phase of Kangan Petro Refining Complex in Iran’s southwestern Bushehr province.
March 12, 2017

Georgian Startups Target Iranian Market

By John Lee. Georgia’s Innovation and Technology Agency (GITA) has opened a new Iran-Georgia Technology Transfer Office to provide a platform to Georgian startups to develop their business activities to Iran. According to a report from Agenda, GITA said the main aim of the new office is to deepen cooperation between Georgia and Iran and […]
March 12, 2017

Why Iran’s Auto Ambitions will Benefit Economy, not Consumers

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In February, Iran hosted an international auto show for the first time in 11 years. Some two dozen European, Asian and Iranian brands, including Iran’s longtime French partners Renault and Peugeot, took part in the […]
March 12, 2017

Liquidity stands at $318b

TEHRAN- Iran’s liquidity stood at 11.96 quadrillion rials (about $317.7 billion) during the 12-month period ended in the last day of the 10th Iranian calendar month of Dey (January 19, 2017), according to a report released by the Central Bank of Iran (CBI).
March 12, 2017

Liquidity stands at $318b

TEHRAN- Iran’s liquidity stood at 11.96 quadrillion rials (about $317.7 billion) during the 12-month period ended in the last day of the 10th Iranian calendar month of Dey (January 19, 2017), according to a report released by the Central Bank of Iran (CBI).
March 12, 2017

400,000 bpd of oil products exported

TEHRAN- Iran has exported 400,000 barrels per day (bpd), equal to 64 million liters per day, of oil products since the start of the current Iranian calendar year (March 20, 2016), IRNA quoted an official in National Iranian Oil Products Distribution Co...
March 12, 2017

400,000 bpd of oil products exported

TEHRAN- Iran has exported 400,000 barrels per day (bpd), equal to 64 million liters per day, of oil products since the start of the current Iranian calendar year (March 20, 2016), IRNA quoted an official in National Iranian Oil Products Distribution Co...
March 12, 2017

FAO sees Iran’s wheat output falling by 2m tons in 2017

TEHRAN – The latest report released by Food and Agriculture Organization of the United Nations (FAO) indicates that the organization believes Iranian wheat output is going to decrease by 2 million tons to stand at 12 million tons in 2017. The organization also forecasted the world’s total wheat output to fall 1.8 percent to 744 million tons in 2017.
March 12, 2017

FAO sees Iran’s wheat output falling by 2m tons in 2017

TEHRAN – The latest report released by Food and Agriculture Organization of the United Nations (FAO) indicates that the organization believes Iranian wheat output is going to decrease by 2 million tons to stand at 12 million tons in 2017. The organization also forecasted the world’s total wheat output to fall 1.8 percent to 744 million tons in 2017.
March 12, 2017

TCCIMA plans to cover all entrepreneurs: chairman

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) plans to establish a comprehensive membership system in a way that all entrepreneurs will be members of this chamber, TCCIMA Chairman Masoud Khansari told in a press confere...