December 13, 2016

Iran earns 83% of projected tax revenues in 7 months

TEHRAN- Iran gained 83 percent of tax revenues anticipated for the first seven months of the current Iranian calendar year (March 20-October 21), IRNA reported on Monday.
December 13, 2016

70% self-sufficiency attained in Iran’s petchem equipment manufacturing

TEHRAN- “Thanks to its experts and industrialists, the Islamic Republic of Iran could reach 70 percent self-sufficiency in manufacturing equipment needed in petrochemical industry,” Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaie announced on Monday.
December 13, 2016

Iran’s crude oil price up $1.8 in a week

TEHRAN- Iran sold its light crude oil at $46.6 per barrel in the week ended on December 2, with $1.84 rise from its previous week, IRNA reported on Monday.
December 13, 2016

Iran to participate in Kazakhstan’s renewable energy projects

TEHRAN – Iran is going to participate in construction of renewable energy plants in Kazakhstan and the two countries are expected to sign a memorandum of understanding in this regard, Shana quoted a Kazakh official as saying on Sunday.
December 12, 2016

Iran-Russia joint investment in oil, gas sectors can reach $10b

TEHRAN – Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia (L) said on Monday that oil and gas investment capacity between Iran and Russia could reach $10 billion.
December 12, 2016

Steel exports seen to rise by 50%

TEHRAN - Iran’s exports of crude steel and related products are forecasted to rise by 50 percent in the current Iranian calendar year, which ends on March 20, 2017.
December 12, 2016

Infographic: 2016 State Of Mobile Penetration In Iran

New statistics with top 10 provinces with the highest mobile penetration rate in Iran has been released by the Ministry of Communications and Technology.

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December 12, 2016

Cabinet votes to change National Currency

By Changiz M. Varzi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. President Hassan Rouhani’s Cabinet voted on Dec. 7 to approve a bill that proposes to change Iran’s currency from the rial to the toman, and to remove one zero, the official Islamic Republic […]
December 12, 2016

ICCIMA to dispatch delegation to Turkey next week

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) intends to dispatch a team of its members and high ranking officials to Istanbul next week, the chamber’s website announced on Sunday.
December 12, 2016

Permanent exhibit of Iranian products opens in Moscow

TEHRAN- A permanent exhibition of Iranian products including foodstuff, garments and handicrafts kicked off at Moscow Food City (the largest wholesale food distribution center in Russia), IRNA reported on Sunday.
December 12, 2016

Austrian companies eager to participate in Iran’s energy projects

TEHRAN- Representatives of Austria’s OMV and some other leading energy companies of the country in the meeting of Iran-Austria Joint Energy Committee in Tehran on Saturday expressed their willingness to participate in Iran’s energy projects.
December 12, 2016

OPEC deal: Touchstone of non-OPEC commitment

On December 10, non-OPEC oil producers joined hands with OPEC in a collaborative effort to rebalance the overflowed oil market.
December 11, 2016

Iran Air, Boeing sign $16.6b deal

TEHRAN- Airline of the Islamic Republic of Iran (Iran Air) signed a $16.6 billion deal to buy 80 passenger planes from U.S. aircraft maker Boeing, IRNA quoted Farhad Parvaresh, the managing director of the Iranian flag carrier as saying on Sunday.
December 11, 2016

FMs Consider Renovating Power Plants with Japanese Loan

Foreign ministers of Iran and Japan have discussed plans for renovation of two thermal power plants in Iran, to be financed by Japan. Speaking at a joint press conference with his Iranian counterpart in Tokyo on Wednesday, Japan’s Foreign Minister Fumio Kishida said negotiations have been held on renovation of two thermal power plants in […]
December 11, 2016

Why OPEC deal is a Double-Edged Sword for Iran

By Dr. David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Organization of Petroleum Exporting Countries finally agreed to cut oil production at its Nov. 30 meeting in Vienna. The decision was preceded by months of intense negotiations against the backdrop of […]
December 11, 2016

86% of Iran’s Cybercrime Takes Place on Telegram & Instagram

According to a recent statement by Iran’s Cyber Police, 66% of Cybercrimes in Iran take place over Telegram, 20% on Instagram and less than 2% on WhatsApp.

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December 11, 2016

Iranian airlines negotiating purchase of SSJ100

TEHRAN- Secretary of the Association of Iranian Airlines Maqsoud As’adi Samani told Mehr news agency on Saturday that Iranian airlines are holding talks with the Russian Komsomolsk-on-Amur Aircraft Production Association (KnAAPO) to buy Sukhoi Superjet 100 (SSJ100).
December 11, 2016

Zanganeh, Novak to meet in Tehran on Tuesday

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak will meet in Tehran on Tuesday (December 13) to hash out expansion of bilateral oil ties, ILNA reported.
December 11, 2016

60 foreign companies exploring investments in Iran’s mining sector

TEHRAN- “Some 60 European and Asian companies are investigating making their investments in Iran’s mining sector,” Iranian Deputy Industry Minister Mehid Karbasian announced on Saturday, IRNA reported.
December 11, 2016

Europeans highly welcome Iran’s post-sanctions petchem sector

TEHRAN - After the implementation of Iran nuclear deal, the country’s National Petrochemical Company (NPC) has received high willingness from European companies for cooperation with Iran in the petrochemical sector both in financing and licensing, Farnaz Alavi, the NPC director for planning and development, announced in a press conference on Saturday.