January 25, 2017

IME trade hikes 87% in 10 months

TEHRAN- According to the latest released data, 28 million tons of commodities worth more than 650 trillion rials (more than $16.7 billion) were traded in Iran Mercantile Exchange (IME) in a ten-month-period beginning from the start of current Iranian c...
January 25, 2017

Siemens to supply compressor trains for Iranian natural gas processing plants

Siemens has been awarded a contract by Hampa Engineering to supply 12 compressor trains for two onshore natural gas processing plants in Iran.
January 25, 2017

Iran finds way to get Eurodif, Rössing dividend

TEHRAN - Iran has found a way to receive arrear dividends from European consortium Eurodif and the Namibia-based Rössing Uranium Ltd. which had been blocked due the country’s nuclear program, ISNA reported on Wednesday.
January 25, 2017

Iranian oil official sees U.S. partnership potential under Trump

A senior Iranian oil official sees “a great potential for engagement and partnership in Iran for American companies” under U.S. President Donald Trump.
January 25, 2017

Iranian oil official sees U.S. partnership potential under Trump

A senior Iranian oil official sees “a great potential for engagement and partnership in Iran for American companies” under U.S. President Donald Trump.
January 25, 2017

German companies voice interest in investing $12b in Iran’s oil industry

Several major oil and petrochemical companies from Germany have expressed their interest in investing in the Iranian oil sector. The companies including BASF say they are ready to invest a total of $12 billion in Iran.
January 25, 2017

Iran’s Dana, Austria’s OMV ink MOU on expansion of co-op

TEHRAN- Iranian Dana Energy Company and Austrian OMV Group inked a memorandum of understanding (MOU) on expansion of cooperation in oil and gas development projects, Shana reported on Wednesday.
January 25, 2017

Iran’s Dana, Austria’s OMV ink MOU on expansion of co-op

TEHRAN- Iranian Dana Energy Company and Austrian OMV Group inked a memorandum of understanding (MOU) on expansion of cooperation in oil and gas development projects, Shana reported on Wednesday.
January 25, 2017

German companies voice interest in investing $12b in Iran’s oil industry

Several major oil and petrochemical companies from Germany have expressed their interest in investing in the Iranian oil sector. The companies including BASF say they are ready to invest a total of $12 billion in Iran.
January 25, 2017

Iranian PSP Behpardakht Mellat Preparing For IPO

Mellat Bank’s Payment Service Provider (PSP) which is one of the 12 authorized PSPs in Iran is getting ready for an IPO. What do Iranian PSPs do? PSPs in Iran were formed to provide card and electronic payments in Iran. All of these PSPs were fully or partially owned by the banks for some time until […]

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January 25, 2017

Oman-Iran trade exceeded $1b last year: Omani commerce min.

Trade between Oman and Iran exceeded $1 billion by the end of October last year, according to Sultanate’s Minister of Commerce and Industry Ali bin Masoud Al Sunaidy.
January 25, 2017

Oman-Iran trade exceeded $1b last year: Omani commerce min.

Trade between Oman and Iran exceeded $1 billion by the end of October last year, according to Sultanate’s Minister of Commerce and Industry Ali bin Masoud Al Sunaidy.
January 25, 2017

Inflation rate stands at 8.6% in Iran: CBI governor

TEHRAN- The inflation rate for the 12-month period ended in the last day of the tenth Iranian calendar month of Dey (January 19) compared to the same period in the previous year hit 8.6 percent, Central Bank of Iran (CBI) Governor Valiollah Seif announ...
January 25, 2017

Inflation rate stands at 8.6% in Iran: CBI governor

TEHRAN- The inflation rate for the 12-month period ended in the last day of the tenth Iranian calendar month of Dey (January 19) compared to the same period in the previous year hit 8.6 percent, Central Bank of Iran (CBI) Governor Valiollah Seif announ...
January 25, 2017

Karoon Petrochemical Co., first producer of isocyanates in Middle East

MAHSHAHR- Karoon Petrochemical Company, located in Iran’s southwestern port city of Mahshahr, is the first producer of isocyanates in the Middle East, according to the company’s managing director, Alireza Sediqizadeh.
January 24, 2017

Is Trump Hoping for another Ahmadinejad in Tehran?

By Rohollah Faghihi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. As Iranian emergency workers were racing to remove the rubble of the collapsed Plasco high-rise in Tehran, Donald Trump was sworn in as the 45th president of the United States on Jan. 20. While […]
January 24, 2017

Germany Offers to Invest $12bn in Iran’s Oil Industry

Germany’s major oil and petrochemical companies, including BASF, have expressed their willingness to invest a total of $12 billion in the Iranian oil sector. The Chemical company BASF, whose managing director paid an official visit to Iran last year as a member of a delegation accompanying German Economy Minister Sigmar Gabriel, has offered to invest […]
January 24, 2017

Non-Oil Exports Exceed $35bn in 10 Months

Iran’s non-oil exports have reached over $35 billion over the first ten months of the current Iranian year, which started on March 20, 2016, latest official data released by the country’s Customs Office shows. The total value of Iran’s non-oil exports over the past 10 months stood at $35.27 billion, showing an 8.3 percent increase […]
January 24, 2017

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: ICT Officer, Norwegian Refugee Council (NRC) Education Project Manager, Norwegian Refugee Council (NRC) Advocacy and Communication Coordinator, Norwegian Refugee Council (NRC) Supply Assistant, United Nations Children’s Fund (UNICEF) (Source: UN) (Picture credit: Amir1140)
January 24, 2017

Mashhad Becomes 2017 Capital of Islamic Culture

The holy city of Mashhad in northeastern Iran was officially named the capital of the Islamic culture in 2017 for the Asia region by the Islamic Educational, Scientific and Cultural Organization (ISESCO). Mashad was officially awarded the title in a ceremony held in the city on Tuesday, attended by a large number of high-ranking Iranian […]