January 18, 2017

Iran Solo Country expo to kick off in Muscat on Jan. 23

The third Iran Solo Country Exhibition will kick off at Oman Convention and Exhibition Centre on January 23. Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry, and Mohammad Reza Nematzadeh, Minister of Industry, Mine and Trade in Ir...
January 18, 2017

Iran, Germany sign co-op MOU on airport industry

TEHRAN- Iran Airports and Air Navigation Company signed an MOU with Fraport AG, Munich Airport, and Dornier Consulting International GmbH in Tehran on Tuesday to boost airport and aviation ties with Germany.
January 18, 2017

EU lifts ban on 3 Iranian companies, bank branch

TEHRAN- In an amendment to its previous decisions, the council of the European Union removed its restrictive measures against three Iranian companies as well as a branch of an Iranian bank.
January 18, 2017

Renault reports record sales, expects further growth

French carmaker Groupe Renault reported record sales for 2016 thanks to growth in Europe and in overseas markets such as India and Iran, and it expected more progress this year.
January 18, 2017

Iran, Germany pen agreement on expanding transport co-op

TEHRAN- Iran and Germany inked an agreement on the expansion of cooperation in rail, air and sea transportation, IRNA reported.
January 18, 2017

Global ship insurers to resume near full coverage for Iran oil: officials

Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said.
January 18, 2017

Sinosure goes big on Iranian refinery

Chinese export credit agency Sinosure has opened a $1.3 billion line of credit for the upgrade of an Iranian oil refinery.
January 18, 2017

Iran’s 9-month petchem exports up 7% on year

TEHRAN – Iran’s petrochemical sector’s exports has increased by seven percent during the first nine months of the current Iranian calendar year (ending December 20, 2016) compared to the same period last year.
January 18, 2017

Swedish prime minister to visit Iran heading a trade delegation

Swedish Prime Minister Stefan Löfven will visit Iran at the invitation of Iranian President Hassan Rouhani.
January 18, 2017

Daewoo to set up Iranian Shipbuilding Company

By John Lee. The Industrial Development and Renovation Organization of Iran (IDRO) and Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) have signed Heads of Agreement (HoA) to set up a Joint Venture to develop an Iranian shipyard. The Iranian government has said it will strongly support this business cooperation, and requests the Korean Government […]
January 18, 2017

Azerbaijan, Iran start Construction at new Pharma Plant

By John Lee. Construction has started at a new Azerbaijan-Iran pharmaceutical plant in the Azerbaijani capital Baku. Caspian Pharmed is 49-percent owned by Iran’s Tamin Pharmaceutical Investment Company, with the Azerbaijan Investment Company owning 25 percent and Azersun Holding 26 percent. The plant will be commissioned within two years, at a cost of over $30 […]
January 18, 2017

Iran Stops Producing 11 Truck Models

During the Iranian calendar month to 21st December, the production of 11 heavy duty vehicles and pickup trucks in Iran has been stopped. Iran Khodro Diesel (IKD), a subsidiary of Iran’s largest car manufacturer, stopped production of two heavy duty vehicles — the Mercedes-Benz tipper truck LK 2624 and Mercedes-Benz Axor K3335 — and the recently-introduced […]
January 18, 2017

Have Iranian Telegram Channels Really Generated $23.3M in Revenue?

In the past two years, Telegram has been experiencing an unbelievable traction in Iran to the point that people are making serious money on this platform. But is it true that Iranian Telegram channels have generated $23.3M in revenue?

The post Have Iranian Telegram Channels Really Generated $23.3M in Revenue? appeared first on TechRasa.

January 17, 2017

Direct Flight between Iran, Pakistan Soon

Iranian Ambassador to Islamabad Mehdi Honardoost said Iran and Pakistan have agreed to establish direct flights between the two nations in the near future. Pakistan and Iran agreed to boost their cooperation in the aviation industry and transportation by establishing a direct flight route between Tehran and Islamabad, Honardoost said on Friday during a meeting […]
January 17, 2017

Iran Khodro Unveils New Models

By John Lee. Iran Khodro (IKCO), Iran’s largest carmaker, has announced that two new products — the Peugeot 207i and Dena Plus — will enter mass production in the second quarter of 2017. Keyvan Vaziri, IKCO Deputy CEO in New Product Development told the press that the Dena (pictured) is the first Iranian sedan with […]
January 17, 2017

Video: Iran Nuclear Deal at Trump’s Mercy

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The future of the nuclear deal between Iran and six powers, including the United States, which came into effect a year ago, now depends on the policies of America’s president-elect Donald Trump, who has […]
January 17, 2017

British Airways to Pay $13m Iran Debt

By John Lee. Aviation Iran reports that British Airways will pay a $13-million debt to the Iran Airport Holding Company (IAC). Mohammadreza Emami, vice president of IAC, told Mehr News Agency that foreign airlines operating in Iran have a good record of paying their charges, and only a few have debts to IAC. BA had […]
January 17, 2017

Foreign investment in Iran’s capital market up 42% in post-sanction era

TEHRAN- Presence of foreign investors in the capital market of Iran has risen 42 percent since the removal of sanctions against the country in January 2016, Head of Iranian Central Securities Depository and Settlement Funds Company (known as SAMAT) Moh...
January 17, 2017

IFB attracts $128m of foreign investments post-JCPOA

TEHRAN- As of the implementation of Iran’s nuclear deal, known as JCPOA, in January 2016, five trillion rials (about $128 million) of foreign investments have been attracted by Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), CEO of IFB Amir Hamooni told IRNA on Monday.
January 17, 2017

Philippines may import apples from Iran

The Philippines may start importing apples from Iran once test analysis and sampling have been approved, the Department of Agriculture (DA) said.