January 21, 2017

Siemens finalizes deal with Iran for manufacturing electric locomotives

TEHRAN – Germany’s Siemens has finalized a deal with Iran’s Mapna Group for manufacturing of electric locomotives and also transferring relevant knowledge to the country, IRNA reported on Friday.
January 20, 2017

Tragedy in Tehran

Iran’s government declared a day of national mourning in commemoration of the firemen killed in a Thursday collapse of a blazing high-rise building in downtown Tehran. Iranian President Hassan Rouhani’s cabinet declared Saturday, January 21, a day of national mourning in the wake of firefighters’ deaths in the tragic incident. More than 20 firefighters are […]
January 20, 2017

China to Invest $3bn in Iranian Refinery

By John Lee. Iran and China are to sign a $3-billion contract next month to upgrade the Abadan oil refinery (pictured), according to Mehr News agency. Deputy oil minister Abbas Kazemi said that China officially opened the financing for the plan last we...
January 20, 2017

Implementing the Iran Nuclear Deal: A Status Report

From International Crisis Group. Re-published with permission by Iran Business News. Implementing the Iran Nuclear Deal: A Status Report  One year since its “implementation day”, 16 January 2016, the July 2015 nuclear agreement between Iran and the five permanent members of the UN Security Council plus Germany (the P5+1) – the Joint Comprehensive Plan of […]
January 20, 2017

Amedeo Buys Stake in Iranian Copper Mine

UK-based Amedeo Resources has announced that it has acquired a 2.5-percent stake in Ganjine Kani Company (GKC) for US$500,000, a copper mining company close to the city of Mashhad in Iran. As part of the transaction, Amedeo has a 5-year option to acquire a further 5% of GKC for US$2 million. GKC is a producing […]
January 20, 2017

Iran near Bottom in “Passport Power”

By John Lee. Iraq has been rated joint-tenth-from-the-bottom of the list in a ranking of the ‘passport power’ of 199 countries around the world. The list, compiled by passportindex.org, ranked passports by their ability to allow persons to travel visa-free to other destinations. Top of the list was Germany, followed by Sweden and Singapore, while […]
January 20, 2017

8-month exports of electricals up 20% on year

TEHRAN – Iran’s eight-month value of electrical products exports rose by 20 percent year-on-year, IRNA reported on Friday.
January 20, 2017

Iran, S. Korea sign MOU to reinforce economic bonds

TEHRAN- Iran and South Korea signed an MOU on expansion of economic ties and transfer of data in Seoul on Friday.
January 19, 2017

Iranian Govt Earmarks $462m for Rail Expansion

By John Lee. Financial Tribune reports that the Iranian government has earmarked 18.5 trillion rials ($462 million) to complete a set of ongoing rail projects. Jabbar Ali Zakeri, a board member of the Construction and Development of Transportation Infrastructure Company (CDTIC), was quoted by IRNA as saying: “This includes 4.7 trillion rials ($117 million) for […]
January 19, 2017

President Rouhani Test-Drives Homegrown Electric Car

Iranian President Hassan Rouhani on Wednesday test-drove a domestically-made electric car in Tehran. President Rouhani was invited to test-drive the battery-powered car called “Yooz” (Cheetah) while being briefed on electric products of three Iranian knowledge-based companies on Wednesday. The car as well as two electric motorcycles displayed on Wednesday have been developed by the research […]
January 19, 2017

Global Shipping Insurers to Cover Iran’s Oil without US

Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month, a report said. An official in London told Reuters that global shipping insurers will provide cover to Iran’s oil exports without involving US-domiciled reinsurers. “There will be no US-domiciled reinsurer participation on the 2017 IG reinsurance […]
January 19, 2017

Finland’s Outotec wins EUR 50m Iran Contract

Finnish-based minerals and metals processing technology firm Outotec has agreed with National Iranian Copper Industries Company (NICICO) on the delivery of two sulfuric acid plants for the Sarcheshmeh and Khatoon Abad copper smelters in Iran’s Kerman province. The value of the orders, approximately EUR 50 million, has been covered by a confirmed Letter of Credit […]
January 19, 2017

Iran to impose new Duty on Steel Imports

By John Lee. Platts has reported that the Iranian parliament will impose a new duty on steel imports, likely to be effective from September. The duty is Iranian Rial 100,000/mt (about $25/mt) of imported material and it will cover billet, beam, different strips, tubes, pipes, stainless steel and scrap. It is in addition to all […]
January 19, 2017

New JV to License Iranian Geological data

Norwegian oil service company Global Geo Services AS (GGS), and data management and solutions company Interica Limited UK, have formed the joint venture — GGS-Interica Ltd. UK — to license and manage an Iranian geological database. The principle dataset to be managed, licensed and made available to the industry is the Persian Carpet 2000 dataset […]
January 19, 2017

Armenia to Produce “Halal” Food for Iran

By John Lee. The Armenian Deputy Minister of Economic Development and Investments, Emil Tarasyan (picture), has met with the economic attaché of Iran’s embassy in Armenia, Abas Ghorbani, to discuss the possibility of opening a “Halal” food office in Armenia. According to a report from Hetq, the office would certify that food produced in Armenia, if […]
January 19, 2017

Vigil held for Nazanin Zaghari-Ratcliffe

Supporters of a British-Iranian mother imprisoned in Iran have held a candlelit vigil outside the Iranian embassy in London. Nazanin Zaghari-Ratcliffe, a charity worker, has been detained for almost 300 days, and was jailed for five years in September for allegedly plotting to topple the government in Tehran. Her two-year-old daughter Gabriella also had her […]
January 19, 2017

NITC Enhancing Business Ties with Int’l Customers

The Managing Director of the National Iranian Tanker Company (NITC), Sirous Kian Ersi, says dozens of foreign customers have signaled keenness to tap NITC’s shipping capacity for carrying crude oil and petroleum products since the sanctions’ removal. He said restrictions regarding classing and insuring NITC fleet by leading international insurers have been eased thanks to […]
January 19, 2017

Iran, Denmark Sign MoU on Veterinary Health

Iran and Denmark have signed a memorandum of understating (MoU) to boost their cooperation in the areas of animal husbandry and veterinary hygiene. The cooperation document was signed during a ceremony attended by the head of the Iran Veterinary Organization (IVO), Mehdi Khalaj, and Chief Veterinary Officer of the Danish Veterinary and Food Administration, Per […]
January 18, 2017

Iranian Fashion Startup Breaks the Online Shopping Mistrust Through Events

An Iranian online marketplace for fashion goods is organizing local events to showcase the works of Iranian designers and international brands. With these events, this startup aims to overcome the challenge with offline to online conversion and building trust and credibility for their customers.

The post Iranian Fashion Startup Breaks the Online Shopping Mistrust Through Events appeared first on TechRasa.

January 18, 2017

Iranian private sector discusses enhancement of bonds with Syria

TEHRAN- Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie and the visiting Syrian Minister of Economy and Foreign Trade Adib Mayaleh and Syrian Prime Minister Imad Khamis in a Tuesday meeting conferred ...