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.
January 11, 2017

World Bank forecasts 5.2% GDP growth for Iran in 2017

TEHRAN- The World Bank, in its recent report titled Global Economic Prospects, forecasted a 5.2 percent gross domestic product (GDP) growth for Iran in 2017.
January 11, 2017

World Bank forecasts 5.2% GDP growth for Iran in 2017

TEHRAN- The World Bank, in its recent report titled Global Economic Prospects, forecasted a 5.2 percent gross domestic product (GDP) growth for Iran in 2017.
January 11, 2017

Iranian carmaker to commission assembly unit in Algeria next March

The car assembly unit of the Iranian brand "Saipa" which will be built in the industrial zone of Frenda (Tiaret) will enter production phase next March, the prefecture said Tuesday.
January 11, 2017

Iranian carmaker to commission assembly unit in Algeria next March

The car assembly unit of the Iranian brand "Saipa" which will be built in the industrial zone of Frenda (Tiaret) will enter production phase next March, the prefecture said Tuesday.
January 11, 2017

Iran-Hungary joint economic committee meeting slated for mid-Feb.

TEHRAN – Iran and Hungary plan to hold a joint economic committee meeting by the end of the next Iranian calendar month (February 17) to further expand economic relations between the two countries, ISNA reported on Wednesday.
January 11, 2017

Iran-Hungary joint economic committee meeting slated for mid-Feb.

TEHRAN – Iran and Hungary plan to hold a joint economic committee meeting by the end of the next Iranian calendar month (February 17) to further expand economic relations between the two countries, ISNA reported on Wednesday.
January 11, 2017

Iran’s KISH ENEX 2017 hosting 180 companies

TEHRAN – As one of the country’s biggest energy events, the thirteenth edition of Iran’s International Energy Exhibition (KISH ENEX 2017) kicked off at the International Exhibitions Center of Iran’s southern Kish Island on Monday, IRNA reported.
January 11, 2017

Iran’s KISH ENEX 2017 hosting 180 companies

TEHRAN – As one of the country’s biggest energy events, the thirteenth edition of Iran’s International Energy Exhibition (KISH ENEX 2017) kicked off at the International Exhibitions Center of Iran’s southern Kish Island on Monday, IRNA reported.
January 11, 2017

Danske Bank says in talks with Iran central bank on financing

Denmark's Danske Bank said on Monday it was in talks with the Iranian central bank on arranging credit to clients with business activities in the country, Reuters reported.
January 11, 2017

Danske Bank says in talks with Iran central bank on financing

Denmark's Danske Bank said on Monday it was in talks with the Iranian central bank on arranging credit to clients with business activities in the country, Reuters reported.
January 11, 2017

Iran among 50 key export destinations for UK in 2017

Iran is among 50 countries that the UK has identified as its key export destinations in 2017. UK’s Department for International Trade (DIT) released a list of these countries in a Monday report.
January 11, 2017

Iran among 50 key export destinations for UK in 2017

Iran is among 50 countries that the UK has identified as its key export destinations in 2017. UK’s Department for International Trade (DIT) released a list of these countries in a Monday report.
January 10, 2017

Iran Seeks Foreign Investment for 25 Petchem Projects

Iran is seeking to encourage foreign investment to build 25 petrochemical projects, an official with Iran’s National Petrochemical Company (NPC) said. The NPC is proposing joint or individual investor participation in building the projects, Farnaz Alavi, NPC’s director for planning and development said on Saturday, according to Shana. Providing feedstock for five more projects was […]
January 10, 2017

NIOC Appoints New Head of Int’l Affairs

Ali Kardor, the managing director of National Iranian Oil Company (NIOC), has appointed Saeid Khoshrou as NIOC’s new director of international affairs, replacing Mohsen Qamsari. Maximizing NIOC’s revenues and reducing its transportation and maintenance costs are the chief strategies NIOC’s international department will be seeking under Mr. Khoshrou, said Kardor in the decree devolving the […]
January 10, 2017

Iran to Launch First New-Style Oil Tender in 4 Wks

A senior Iranian oil official announced that the development of a big oilfield in the southwestern province of Khuzestan will be put to tender for the first time under a new model of oil contracts, known as Iran Petroleum Contract (IPC), within up to four coming weeks. The project to develop South Azadegan oilfield, would […]
January 10, 2017

Iran Looks to Turn Tabriz Into Petchem Hub

Iran is planning to build major petrochemical projects in the vicinity of the northwestern city of Tabriz in order to transform the region into a petrochemical heavyweight in the country and the region. Speaking during a ceremony to break the ground for an ethylene pipeline project in Tabriz, Iranian Minister of Petroleum Bijan Zangeneh expressed […]
January 10, 2017

Iran, Iraq in Joint Naval Exercises

By Sara al-Qaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran, Iraq seek to send a message with joint naval exercises In conjunction with the military maneuvers of the Iranian-backed Shiite Popular Mobilization Units along the Iraqi border with Saudi Arabia on Jan. 4, former Iraqi […]
January 10, 2017

UN warns: Prisoners of Conscience at Risk of Death

Raising alarm over the health of several prisoners of conscience in Iran, who have been on a prolonged hunger strike contesting the legality of their detention, the United Nations expert on the human rights situation there urged the authorities to “immediately and unconditionally” release all those who have been arbitrarily arrested, detained and prosecuted for […]
January 10, 2017

Daewoo to establish joint shipbuilding company in Iran this month

TEHRAN – Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) is to establish a shipbuilding company with three Iranian state-run companies by the end of January.