January 7, 2017

Iran may apply to international arbitration over gas dispute with Turkmenistan

The National Iranian Gas Company (NIGC) says it would apply to international arbitration over the stoppage by Turkmenistan of its natural gas export to Iran.
January 7, 2017

Iran may apply to international arbitration over gas dispute with Turkmenistan

The National Iranian Gas Company (NIGC) says it would apply to international arbitration over the stoppage by Turkmenistan of its natural gas export to Iran.
January 7, 2017

Philippines eager to buy 4m barrels/month of Iranian oil

TEHRAN – The Philippines is willing to buy four million barrels per month of Iranian crude oil, IRNA reported on Friday, quoting Pedro A. Aquino, a board member of Philippine National Oil Company (PNOC).
January 7, 2017

Philippines eager to buy 4m barrels/month of Iranian oil

TEHRAN – The Philippines is willing to buy four million barrels per month of Iranian crude oil, IRNA reported on Friday, quoting Pedro A. Aquino, a board member of Philippine National Oil Company (PNOC).
January 6, 2017

Minister: Tehran, Ankara should have Free-Trade Agreement

Iran’s Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh called for closer economic relations between the Islamic Republic and Turkey, saying that the two countries should take measures to sign a free-trade agreement (FTA). Nematzadeh and Turkish Minister of Economy Nihat Zeybekci in a meeting in Ankara discussed the latest efforts to boost bilateral […]
January 6, 2017

Kerry Praises Nuclear Agreement with Iran in Departure Memo

The US Secretary of State said the 2015 nuclear deal with Iran cut off all pathways for the country to develop a nuclear weapon. In his departure memo on Thursday, John Kerry said: “In 2009, Iran was marching forward on the path toward being able to acquire enough fissile material for a nuclear weapon, and […]
January 6, 2017

Iran-EU trade up 66% in 10 months: Eurostat

TEHRAN - The European Union’s trade with Iran amounted to €10.3 billion in the first 10 months of 2016, a 66 percent rise year on year, based on the latest figures released by the European Union’s statistics agency Eurostat.
January 5, 2017

Vitol in $1bn Pre-Finance Oil Deal with Iran

By John Lee. The world’s largest oil trader will lend the National Iranian Oil Company (NIOC) the equivalent of $1 billion in euros guaranteed by future exports of refined products. Sources told Reuters that the deal with privately-held Vitol was signed in October and will come into effect this month, and has an interest rate […]
January 5, 2017

Turkish Exports to Iran Jump by over 40%

Turkish exports to Iran from January to November 2016 increased by more than 40 percent compared to the same period last year, recent data published by the Turkish Statistical Institute showed. The total value of Turkish exports to the Islamic Republic in the first 11 months of 2016 reached $4.635 billion, showing a 41 percent […]
January 5, 2017

Nakhchivan-Mashhad Direct Passenger Train Service Launched

A direct passenger train service has been launched between Iran’s northeastern city of Mashhad and Azerbaijan’s landlocked region of Nakhchivan. The service was launched in a ceremony attended by the heads of the joint economic commissions of Iran and Azerbaijan. Mahmoud Vaezi, Iran’s minister of communication and information technology, who is also the co-chairman of […]
January 5, 2017

Iranian Youth join wave of Ecotourism

By Saeid Jafari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Off-road driving as well as tours of the desert, mountains and forests have become popular pastimes for youths in Iran. The phenomenon particularly applies to those from more affluent backgrounds, who often embark on […]
January 5, 2017

Indian Trade Mission to Discuss Rice Exports

India plans to send a delegation to Iran to discuss ways for resuming exports of its Basmati rice to the Islamic Republic, the president of All India Rice Exporters Association said. Mohinder Pal Jindal said the delegation comprising government officials and exporters will travel to Iran on January 27-29, The Economic Times reported. He added […]
January 4, 2017

Vitol clinches $1b pre-finance oil deal with Iran: sources

The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
January 4, 2017

Iran’s petchem output set to rise up to 20% by Mar. 20

TEHRAN – Iran’s petrochemical sector’s output is set to increase up to 20 percent in the second half of the current Iranian calendar year (which ends on March 20, 2017), compared to the same period the last year, Shana quoted an official as saying on Tuesday.
January 4, 2017

Advertising expo kicks off in Tehran, hosting 360 companies

TEHRAN – The 13th International Exhibition of Advertising, Marketing and Related Industries of Iran kicked off at the Tehran Permanent International Fairgrounds on Wednesday, IRIB news reported.
January 4, 2017

Airport, air navigation projects worth $20b to come on stream

TEHRAN- Airport and air navigation projects valued at 700-800 trillion rials (about $17.771 billion-$20.309 billion) are planned to be put into operation in Iran by the end of current Iranian calendar year (March 20, 2017), IRNA quoted Iran Airports an...
January 4, 2017

Tehran, Ankara discuss expansion of economic ties

TEHRAN- Iranian Industry, Mining and Trade Minister Mohammadreza Ne’matzadeh and Turkish Economy Minister Nihat Zeybekçi explored the ways to expand economic ties between the two countries in a Tuesday meeting in Turkish capital, Ankara, IRNA reported.
January 4, 2017

Sri Lankan president to lead high-ranking trade delegation to Tehran

Sri Lanka plans to dispatch a high-ranking trade delegation led by the country’s president, Maithripala Sirisena, to Iran in late January.
January 4, 2017

Chilivery Taking a Slice in Iran’s Online Food Ordering Market

Having your food delivered to your door has become easier than ever. In many markets, the demand for online food ordering has stepped up comparing to phone orders, and Iran is seeing the same shift. Chilivery, an Iranian online food ordering website is trying to bring a convenient and accessible solution to this demand.

The post Chilivery Taking a Slice in Iran’s Online Food Ordering Market appeared first on Techrasa.

January 4, 2017

Turkish trade delegation to visit Iran in mid Jan.

TEHRAN- Antalya Chamber of Commerce and Industry (ACCI) is to dispatch its trade delegation to Iran on January 15, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) announced.