January 14, 2017

Italy major European customer of Iranian non-oil products in 9 months

TEHRAN- Importing 678,000 tons of non-oil goods at the value of $385 million, Italy was the major destination for Iranian non-oil products in the first nine months of the current Iranian calendar year (ending December 20, 2016), according to Iran Custo...
January 14, 2017

German companies meet to discuss presence in Iran’s mining sector

TEHRAN- Representatives from 17 German companies held a meeting in Bochum on Friday to discuss commencing activity in the Iranian mining market, the Persian service of Deutsche Welle reported.
January 14, 2017

Iran, Italy set up joint venture to grow agricultural products

The Italian company Nature SRL and the Iranian company UPRO have set up a joint venture under the name UPRO NATURE. The goal of the joint venture is to grow products that comply with the quality standards of European target markets. It aims to meet the...
January 13, 2017

Dispute over Ride-Hailing Startups on Iran National TV

A unique program was held last night on Iran national television to discuss the conflicts happening around the rapid emergence of ride-hailing startups.

The post Dispute over Ride-Hailing Startups on Iran National TV appeared first on TechRasa.

January 13, 2017

Iran, Malaysia to hold joint economic committee meeting in near future

TEHRAN – The eighth Iran-Malaysia Joint Economic Committee meeting will be held in near future to further expand economic cooperation, IRNA quoted Iran's Ambassador to Malaysia, Marzieh Afkham as saying on Friday.
January 13, 2017

Iran to receive 2 other Airbus jetliners by Mar. 20

TEHRAN- Iranian Transport Minister Abbas Akhoundi announced that by the end of the current Iranian calendar year (March 20, 2017) two Airbus A330 jets will be delivered to the Islamic Republic of Iran, IRIB news reported on Friday.
January 12, 2017

Iran Air takes delivery of first new Airbus

Iran Air has taken delivery of its first new aircraft, an Airbus A321, in a handover ceremony in Toulouse with Mr. Farhad Parvaresh, Iran Air Chairman and CEO, and Mr. Fabrice Bregier, President, Airbus Commercial Aircraft and Chief Operating Officer Airbus, in the presence of Gael Meheust, SVP Sales and Marketing CFM, Tom Enders, Airbus […]
January 12, 2017

Iran Plans to Launch 5 Petchem Projects by March

Iran is to launch 5 new petrochemical projects within the remaining two month of the current calendar year to March 20, a senior petrochemical official said. Managing Director of the National Petrochemical Company (NPC), Marziyeh Shahdaei, said that 4 projects will come on-stream during the Fajr Decade, marked as the anniversary of the victory of […]
January 12, 2017

Iran in Talks with Japan to Optimize Oil Refining

Iran is finalizing negotiations with two major Japanese companies to improve the efficiency of Tehran’s aging refineries, an official announced. In an interview with Tasnim, Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), said Iran has been in talks with Japanese and South Korean companies to optimize oil refining […]
January 12, 2017

Iranian Oil Tankers Leased to Foreign Firms

Iran has leased out dozens of its extra oil tankers to foreign companies since enforcement last year of the Joint Comprehensive Plan of Action (JCPOA) and termination of anti-Iran sanctions, an official said. In an interview with Tasnim, managing director of the National Iranian Tanker Company (NITC) said 30 oil tankers belonging to the company […]
January 12, 2017

Is Rouhani Repeating Ahmadinejad’s Tricks in Currency Market?

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. Ever since the rial hit an all-time low against the greenback on Dec. 27, top monetary policymaker Valiollah Seif (pictured) has been reiterating that the Central Bank of Iran (CBI) will use every tool available […]
January 11, 2017

Iran Air receives first A321

Iran Air has formally taken delivery of an Airbus A321, the first in a batch of 100 jets ordered by the flag-carrier under a landmark fleet-renewal deal with the airframer.
January 11, 2017

Iran Air receives first A321

Iran Air has formally taken delivery of an Airbus A321, the first in a batch of 100 jets ordered by the flag-carrier under a landmark fleet-renewal deal with the airframer.
January 11, 2017

Iran Attracts $7.2bn in Finance from 3 Foreign Banks

The vice governor of the Central Bank of Iran (CBI) has announced that the country has managed to attract 7.2 billion dollars in finance from three foreign banks. In a meeting between Iranian First Vice-President Eshaq Jahangiri and the CBI officials in Tehran, Gholamali Kamyab said attracting $10 billion of foreign finance has been defined […]
January 11, 2017

Iran Gas Output up 50% in 3 Years

The Iranian Minister of Petroleum, Bijan Zangeneh, has said that Iran’s natural gas output increased by 50 percent over the past three years. Saying that Iran has problems in supplying gas to all the provinces, the official said inauguration of the new South Pars phases has added 50 percent to the country’s gas output over […]
January 11, 2017

Oil Production Approaching 4m bpd

By John Lee. The deputy head of the National Iranian Oil Company (NIOC), Gholam-Reza Manouchehri, has announced that the country is now producing 3.9 million barrels of oil per day. Regarding the awarding of contracts for the second phases of the Yadavaran and North Azadegan oil fields to the Chinese companies, Manouchehri told reporters: “Anyhow, […]
January 11, 2017

Deciphering Iran’s Sudden Currency Fluctuations

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Recent fluctuations in the free market rate of the Iranian rial have caused concerns within the country’s business community that the currency may experience a sharp decline in value due to economic and political […]
January 11, 2017

Danske Bank “in Talks” with CBI

By John Lee. Denmark’s Danske Bank has confirmed that it is in talks with the Central Bank of Iran (CBI) regarding arranging credit to clients with business activities in the country, but that no deal has yet been reached. A spokesperson for the bank also told Reuters that it is already supporting clients in Iran […]
January 11, 2017

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: International Consultancy Services: Energy Efficient Buildings, United Nations Development Programme (UNDP) Planning, Monitoring and Evaluation Officer, United Nations Children’s Fund (UNICEF) (Source: UN) (Picture credit: Amir1140)
January 11, 2017

Railway should account for 30% of freight transport in Iran by 2021

TEHRAN- Railway should account for 30 percent of freight transportation in Iran by the end of the country’s Sixth Five-Year National Development Plan (2021), IRNA quoted Saeid Mohammadzadeh, the managing director of Islamic Republic of Iran Railways (IRIR), as saying on Wednesday.