December 5, 2016

Iran, Brazil explore avenues for cooperation in oil, gas industry

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday Iran and Brazil should expand their relations in oil and gas industry.
December 5, 2016

Turkey seeks trade in local currencies with Iran: Erdogan

Turkey is seeking to conduct trade with Iran, Russia and China in local currencies, Turkish President Recep Tayyip Erdogan said December 3. “We have given the necessary instructions to our central banks and we will try to conduct such [trade] relationships between us through this way,” Erdogan said.
December 5, 2016

Turkey seeks trade in local currencies with Iran: Erdogan

Turkey is seeking to conduct trade with Iran, Russia and China in local currencies, Turkish President Recep Tayyip Erdogan said December 3. “We have given the necessary instructions to our central banks and we will try to conduct such [trade] relationships between us through this way,” Erdogan said.
December 4, 2016

Rouhani submits $486 billion budget bill to Majlis

TEHRAN - President Hassan Rouhani presented the administration’s draft of the national budget bill for the next Iranian calendar year 1396, which starts on March 21, 2017, to the Majlis.
December 4, 2016

Rouhani submits $486 billion budget bill to Majlis

TEHRAN - President Hassan Rouhani presented the administration’s draft of the national budget bill for the next Iranian calendar year 1396, which starts on March 21, 2017, to the Majlis.
December 4, 2016

OPEC Deal seen as Victory over Saudi Arabia

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. Iranian media praises OPEC deal as victory over Saudi Arabia After seven months of negotiations, OPEC agreed to cut production in order to boost the price of oil, while exempting Iran, Nigeria and Libya […]
December 4, 2016

Telepizza Targets 200 Store in Iran

Spanish-based Telepizza, the leading non-US pizza delivery company by number of stores, has announced its arrival in Iran in March 2017 via a strategic master franchise alliance with its partner Momenin Investment Group and the objective of 200 stores in 10 years. This will mean opening some 20 establishments per year and an investment of […]
December 4, 2016

India’s UCO Bank to Open Branch in Iran

Indian government-owned bank UCO is going to open a branch in Tehran before the end of the year, Iranian Foreign Minister Mohammad Javad Zarif said. According to Tasnim dispatches, addressing a joint meeting of Iranian and Indian business people in New Delhi on Saturday, Zarif quoted a top Indian Central Bank official as saying that […]
December 4, 2016

New Zealand Firms to Visit Iran

New Zealand’s Minister of Trade Todd McClay will lead the Oceanian country’s first trade mission to Tehran in 12 years. New Zealand’s government announced in a statement that it is sending McClay at the head of a senior-level business delegation to Iran on Friday. “There is enormous opportunity for Iran and New Zealand to work […]
December 4, 2016

Tehran, Wellington may reach $1b trade turnover: New Zealander min.

TEHRAN- The visiting New Zealand’s Trade Minister Todd McClay, during the Saturday meeting held to investigate Iran-New Zealand trade opportunities in Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), expressed hope that the two sides will witness an increase in their mutual trade value up to $1 billion per annum, the portal of ICCIMA reported.
December 4, 2016

Tehran, Wellington may reach $1b trade turnover: New Zealander min.

TEHRAN- The visiting New Zealand’s Trade Minister Todd McClay, during the Saturday meeting held to investigate Iran-New Zealand trade opportunities in Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), expressed hope that the two sides will witness an increase in their mutual trade value up to $1 billion per annum, the portal of ICCIMA reported.
December 4, 2016

Iran to host 20th general meeting, conference of ACG

TEHRAN – To be hosted by Central Securities Depository of Iran (CSDI), the 20th general meeting and conference of Asia-Pacific Central Securities Depository Group (ACG) is due to be held on December 5-9 in Tehran, IRIB news reported on Saturday, quoting the managing director of CSDI.
December 4, 2016

Lebanon calls for co-op with Iran in auto industry

TEHRAN – Lebanese Industry Minister Hussein Elhajj Hassan has voiced his country’s interest in cooperation with Iran in auto industry and coproduction of cars in Lebanon, IRNA reported on Saturday.
December 3, 2016

India mulls $20 billion investment in Iran

TEHRAN – India is inclined to invest up to $20 billion in Iran, Petroleum and Natural Gas Minister Dharmendra Pradhan has said.
December 3, 2016

India inclined to invest $20b in Iran

TEHRAN – India is inclined to invest up to $20 billion in Iran, Petroleum and Natural Gas Minister Dharmendra Pradhan has said.
December 3, 2016

ICCIMA to hold Iran-Chile Agro-Business Forum on Sunday

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) plans to hold Iran-Chile Agriculture-Business Forum in Tehran on Sunday.
December 3, 2016

Time ripe for Spanish companies’ presence in Iran: envoy

TEHRAN- Iran’s Ambassador to Madrid Mohammad-Hassan Fadaeefard, in a Thursday meeting with representatives from 50 companies from the eastern Spanish province of Valencia announced the time ripe for expansion of Spanish companies’ activities in Iran, IRNA reported.
December 3, 2016

Iran’s Abadan Refinery development project to go operational in 3 weeks

TEHRAN – The executive operations of Iran’s Abadan Refinery development project will begin by China’s Sinopec in this Iranian calendar month (which will end on December 20), ISNA reported on Friday.
December 2, 2016

OPEC deal: Iran turns the tables on Saudis

After months of talks and rounds of meetings, the Organization of the Petroleum Exporting Countries (OPEC) finally sealed a deal on November 30 for a production cut, marking a turning point in the organization’s history.
December 2, 2016

Iran’s agriculture sector welcomes Dutch investment

TEHRAN – Iranian Agriculture Minister Mahmoud Hojjati has said Dutch entrepreneurs and investors are welcomed to participate in Iran’s agricultural development projects.