February 4, 2017

Iranian delegation to visit KOPLAS 2017 in S. Korea

TEHRAN – Iran-Korea Joint Chamber of Commerce plans to dispatch an Iranian delegation to visit 24th Korea International Plastics and Rubber Show (KOPLAS 2017), which is due to be held at the Korea International Exhibition Center from March 11 to 17, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced on Friday.
February 4, 2017

Iran plans to build oil refineries in Spain, Brazil

TEHRAN – Iran is negotiating with Spain and Brazil for construction of oil refineries in these countries, ILNA reported on Friday quoting an oil official.
February 3, 2017

US puts Sanctions on Iran after Missile Test

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned multiple entities and individuals involved in procuring technology and/or materials to support Iran’s ballistic missile program, as well as for acting for or on behalf of, or providing support to, Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). This action reflects the […]
February 3, 2017

Bank Mellat Shares Lose 37.5% in One Day

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. The sudden and sharp fall in the main index of the Tehran Stock Exchange (TSE) on Jan. 24 came as a real shock to investors. After allowing the resumption of trade in Bank Mellat shares, […]
February 3, 2017

Iran brushes off being ‘Put on Notice’

Iran has been restrained in its response to the US warning that it is “officially on notice” over its regional policies and ballistic missile tests, with one high-ranking official describing them on Feb. 2 as “hollow threats.” The harsh reactions out of Washington were prompted by an Iranian missile test conducted Jan. 29. At the […]
February 3, 2017

Video: Trump won’t rule out Military Action against Iran

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. US President Donald Trump has said “nothing is off the table” as his administration considers its response to an Iranian missile test. The White House says the test violated a UN Security Council […]
February 3, 2017

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Education Officer, United Nations Children’s Fund (UNICEF) Protection Coordinator, Norwegian Refugee Council (NRC) (Source: UN) (Picture credit: Amir1140)
February 3, 2017

Istanbul’s Ultimate Pitching Event Will Be Back in April 2017

The Pitcher, Istanbul’s annual pitching event, will be held in April 2017 at Workinton, Levent. The event is giving an opportunity to entrepreneurs to showcase their business in front of some of the most prominent local and international investors.

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February 3, 2017

Iran-Sweden business forum slated for Feb. 11

TEHRAN – An Iran-Sweden business forum is scheduled to be held February 11 in Tehran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
February 2, 2017

Trump: “Iran was on its Last Legs”

By John Lee. US President Donald Trump has taken aim at Iranian influence in Iraq. He commented on Twitter: “Iran is rapidly taking over more and more of Iraq even after the U.S. has squandered three trillion dollars there. Obvious long ago!” He also said: “Iran has been formally PUT ON NOTICE for firing a […]
February 2, 2017

Iran and France sign five Agreements

By John Lee. Iran and France have signed five agreements at the end of a business forum hosted by the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). The Memorandums of Understanding (MoU’s) included a cooperation document for development of Mashhad International Airport, two involving the Iranian Fisheries Organization, one for the construction of […]
February 2, 2017

US National Security Advisor slams Iran

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. US National Security Advisor Mike Flynn signals a more hardline American stance on Iran, condemning a recent missile test and declaring he was “officially putting Iran on notice.”
February 2, 2017

Malaysia to Open Palm Oil Office in Iran

A Malaysian minister said the Southeast Asian country plans to set up a regional office in Tehran to explore Iran’s market for palm oil and other commodities. “Since global trade sanctions were lifted in January last year, Malaysia exports about RM1 billion of palm oil to Iran and we are expecting the number to be […]
February 2, 2017

Iran says Trump Cannot Call Off Boeing Deal

Iran rejected speculations that the deteriorating rhetoric by US President Donald Trump against the country could lead to the cancellation of a major plane purchase agreement with the American aviation giant Boeing. Iran’s Minister of Roads and Urban Development Abbas Akhoundi told the domestic media that a deal which Iran has sealed with Boeing was […]
February 1, 2017

Iran, Pakistan to Boost Trade Five-Fold

The Chairman of the Iranian Parliament’s National Security and Foreign Policy Commission, Alaeddin Boroujerdi, said Tehran and Islamabad have decided to boost trade five-fold to $5 billion. Boroujerdi made the remarks recently after a meeting with senior Pakistani officials in Islamabad. He added that the two neighboring countries have also agreed to connect Iran’s Chabahar […]
February 1, 2017

Iran Ready for Talks on New Gas Deal with Turkmenistan

A top Iranian energy official said the country is ready to stop taking its case against Turkmenistan to the international arbitration court and resume talks on a new gas deal, provided that Ashgabat compensate Tehran for reneging on a previous agreement by cutting supplies. In an interview with Tasnim, Managing Director of the National Iranian […]
February 1, 2017

Why Pension Funds could face Bankruptcy Tsunami

By Navid Kalhor, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. One of the key underlying economic challenges of Iran is the current underfunding of its pension system. Make no mistake: Pension reform must be a priority for the country. Figures posted by the Ministry of […]
February 1, 2017

Govt to buy 2Mt of Cement from Local Producers

By John Lee. Iran’s Ministry of Roads and Urban Development has reportedly agreed to purchase 2Mt of cement from local producers. According to Global Cement, Iran’s Bank Maskan (Housing Bank) will finance the road building plan and the cement producers will receive the money in cash. Abdolreza Sheikhan, secretary of Iran’s Cement Industry Employers Association, […]
February 1, 2017

Iran to rent 35 Oil Tankers to Europeans

By John Lee. Iran has signed deals with a dozen European companies to rent its 35 oil tankers to them. Sirous Kian-Ersi, managing director of the National Iranian Tanker Company (NITC) told Mehr that all of the 35 deals are voyage charter. Companies involved are said to include Spain’s Cepsa and Italy’s Eni, according to […]
February 1, 2017

KakaoTalk and VK Are in Talks to Find Iranian Partners to Enter Iran

Kakao and VK are in talks to find Iranian partners to enter Iran's market. The news is based on the facts that we are going to represent here and an anonymous tip that we've received yesterday to back this story up.

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