January 17, 2017

Iran parliament stresses foreign investment in five-year economic plan

Iran's parliament passed a five-year economic development plan on Sunday that includes a sharp rise in foreign investment.
January 17, 2017

USSD Technology on the Brink of Extinction

The shutdown of outdated GSM based payment system USSD has been a hot topic among the Iran’s payment industry players for monthsIt seems that USSD is seeing its last days, though many PSPs (Payment Service Providers) are still earning millions daily and do not necessarily want to lose the massive revenue they are generating annually through this.

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January 16, 2017

Iran’s aluminum output surpasses 220k tons in 9 months

TEHRAN- Over 220,544 tons of aluminum ingots were produced in Iran in the first nine months of current Iranian fiscal year (ending December 20, 2016), IRNA reported on Monday.
January 16, 2017

Annual oil income projected to hit $41b: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has estimated the country’s oil revenues to reach $41 billion by the end of the current Iranian calendar year (March 20, 2017).
January 16, 2017

Petchem Industry needs $55bn Investment over 10 Yrs

Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next 10 years. The Managing Director of the National Petrochemical Company (NPC) Marziyeh Shahdaei has said Iran will need $20 billion […]
January 16, 2017

Shell, Total likely to cooperate on Azadegan Oilfield

By John Lee. Mehr News Agency reports that Britain’s Shell and France’s Total are likely to form a consortium with an Iranian company to develop the Azadegan oilfield (pictured). An official at Iran’s Petroleum Engineering and Development Company (PEDEC) says the National Iranian Oil Company (NIOC) has so far signed four MoUs or confidentiality agreements […]
January 16, 2017

Fmr US Officials urge Trump to work with Iran’s Opposition

By John Lee. Twenty-three former top US government officials have urged President-elect Donald Trump to work with Iran’s opposition. According to a letter obtained by Fox News, the group called on Trump to consult with the Paris-based National Council of Resistance of Iran (NCRI), a group that has called for free elections and freedom of […]
January 16, 2017

Iran is “the Land of Opportunities”

“Iran is a land of opportunities for investors in the oil industry within which Iranian experts implement high technical expertise and experience” is what Pedro Aquino (pictured), President and CEO of the Philippine National Oil Company Exploration Corporation (PNOC-EC) has stated about the industry. In his recent interview, the Philippine oil official talked about strength […]
January 16, 2017

Maersk Expands Operations in Iran

By John Lee. Denmark’s Maersk Line is to operate from a second port in Iran, less than three months after it resumed services to the country following the lifting of sanctions. The company pulled out of Iran in 2012, but having resumed services at Bandar Abbas in October, it has just added the port of Bushehr […]
January 16, 2017

“No Restriction” on Sales of Airbus Parts to Iran

The chairman of Iran Air has announced that there is no restriction on Iran to supply spare parts of the commercial planes manufactured by France’s Airbus, except for one “sensitive part” used for air navigation. A licence has been given to the Airbus, Boeing and ATR to sell airplanes and their spare parts to Iran, […]
January 16, 2017

Tehran, Antalya chambers of commerce interested to expand economic ties

TEHRAN – The Chairman of Antalya Chamber of Commerce and Industry (ACCI) Davut Çetin has voiced the Turkish city’s interest in boosting trade relations with Iran.
January 16, 2017

S.Korea’s Dec. Iran crude imports surge 648.2% on year

South Korea's Iranian crude oil imports in December soared nearly eight times greater than a year ago, and its 2016 crude imports from Tehran more than doubled from 2015 levels, following last January's lifting of sanctions targeting the Mideast nation.
January 15, 2017

Iran B2C E-Commerce Index Among Top 10 Countries in Asia-Pacific

A recent report by UNCTAD indicates that Iran is at 77th place in B2C E-commerce Index of 2016. The report also shows that Iran is one of the top 10 countries in Asia Pacific in this index.

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January 15, 2017

Albania calls for co-op with Iran in energy, agriculture, tourism

TEHRAN – The Minister of Foreign Affairs of the Republic of Albania Ditmir Bushati has voiced his country’s interest in cooperation with Iran in energy, agriculture and tourism sectors, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
January 15, 2017

Iran produces over 37.6m tons of petrochemicals in 9 months

TEHRAN- Iran’s output of petrochemical products stood at over 37.6 million tons during the first nine months of the current Iranian calendar year (March 20-Decemebr 20, 2016), Shana reported citing Iran’s National Petrochemical Company (NPC).
January 15, 2017

Iran, Pakistan agree to resume direct flights

Pakistan and Iran agreed to boost their mutual cooperation in air aviation industry and transportation by establishing direct flights between Tehran and Islamabad. 
January 15, 2017

Iran to sign 5 auto deals with intl. companies by Mar. 20

TEHRAN – The Head of Iran’s Industrial Development and Revolution Organization (IDRO) Mansour Moazami has announced that five new deals in auto industry will be signed with international companies by the end of current Iranian calendar year (March 20, 2017), Shata news reported on Saturday.
January 15, 2017

Turkish trade delegation due in Tehran today for business discussion

TEHRAN – A 20-member Turkish trade delegation dispatched by Antalya Chamber of Commerce and Industry (ACCI) will discuss business opportunities with the Iranian side in Tehran today, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) announced.
January 15, 2017

Iranian oil price falls 9 cents per barrel in a week

TEHRAN- After consecutive weeks of rise following the OPEC and non-OPEC deal on November 2016, Iranian light crude oil price experienced a nine cent decline in the week ending January sixth, to settle at $53.22, Shana reported on Saturday.
January 14, 2017

Avacamp Kicked off Its Second Pre-Acceleration Cycle

Avatech accelerator welcomed 17 new teams to its second round of the pre-accelerator program. Avacamp is a new initiative from Avatech that helps the new teams to get ready for the acceleration program.

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