December 2, 2016

Oil Holds Gains after OPEC Output Deal

TEHRAN – Oil prices on Thursday held on to gains made after OPEC struck a long­sought agreement to reduce production by 1.2 million barrels a day.
December 1, 2016

Seedstars MENA Regional Summit to Be Held in Bahrain

Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is returning to Bahrain on December 15th, 2016 to host Seedstars MENA Regional Summit at CH9 Hub in Manama.

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December 1, 2016

Iran, Romania sign $700m Energy Deal

By John Lee. Iranian Foreign Minister Mohammad Javad Zarif has signed an agreement with Romania to build a 1,000-megawatt power station near the Iraqi border. The project signed between Pichak Sanat Ilam Company of Iran and the Romanian side calls for investment of up $700 million, 70 percent of which will be sourced by the […]
December 1, 2016

Germany’s Munich Re eyes Iran Market

By John Lee. The President of Central Insurance of Iran has said that Germany’s Munich Re, the world’s biggest reinsurance company, is considering providing its services to Iran. During a visit to Germany to discuss the prospects of post-sanctions investment opportunities in Iran by insurance companies, Abdul-Nasser Hemmati emphasized that top officials from Munich Re […]
December 1, 2016

CIA chief warns Trump against Scrapping Iran Deal

By John Lee. BBC News reports that the outgoing director of the CIA has warned US President-elect Donald Trump that ending the Iran nuclear deal would be “the height of folly“. John Brennan, who will step down in January after four years leading the CIA, told BBC News: “I think it would be disastrous … […]
December 1, 2016

China to assist Iran in Manufacturing Hybrid Vehicles

By John Lee. The Chinese car company BYD and Iranian car manufacturer Kerman Motor have signed a memorandum of understanding (MoU) to cooperate in the production of hybrid and electric vehicles. Under the deal, the Chinese company will export technology to produce hybrid and electric vehicles and batteries to Iran. The document also provides for […]
December 1, 2016

Video: Iran warns US over Renewal of Sanctions

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran’s Supreme Leader has said the US is on the verge of breaking the terms of the nuclear agreement, which was signed in 2015.
December 1, 2016

Iran Khodro Sells Taxis to Ivory Coast

Iran’s leading car manufacturer, Iran Khodro Industrial Group (IKCO), has taken the first step to renew the taxi fleet of Ivory Coast by exporting a number of its vehicles to the African country. The delivery of a number of Samand and Runna vehicles to Ivory Coast’s Taxi Syndicate was made in a ceremony attended by […]
December 1, 2016

Starpharma signs License for Condoms in Iran

Australia’s Starpharma Holdings has announced the signing of a License and Supply Agreement with Koushan Pharmed for the sales and marketing rights to the VivaGel® condom in Iran. According to a statement from the company, Iran represents a commercially attractive retail market for condoms with over 60% of the 75 million population under 30 years of […]
December 1, 2016

How to Work Smarter and Be More Productive? What TEDsters Think

TED talks are a valuable source of inspiration for every aspect of life. You can always refer to these short talks especially when you need practical advice and ideas to upgrade something in your personal and work life. TEDsters are the ones who you can trust their unconventional and innovational ways of thinking and practicing.

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November 30, 2016

Ukraine to restore financial transactions with Iran

Ukraine is preparing to restore the financial transactions with Iran after lifting of sanctions for their conduct.
November 30, 2016

Car output in Iran up 35.9%

TEHRAN- Iranian car makers manufactured 820,463 vehicles since the beginning of current Iranian calendar year by the end of the eighth calendar month of Aban (March 20-November 20), showing 35.9 percent rise compared to the same period of time in the p...
November 30, 2016

Tehran to host 3rd intl. leather exhibit next week

TEHRAN- The 3rd International Footwear, Bag, Leather and Related Industry Exhibition of Iran will be held at the Tehran Permanent International Fairgrounds from November 6 to 9, the portal of Trade Promotion Organization of Iran (TPO) reported.
November 30, 2016

Over $171m of state shares divested in Iran

TEHRAN - Iranian Privatization Organization (IPO) transferred 6.704 trillion rials (about $171.897 million) worth of Iranian state-run shares to the private sector during the first eight months of the current Iranian calendar year (March 20-November 20...
November 30, 2016

IAIIC postponed to mid-Feb. 2017

TEHRAN- The 4th Iran Automotive Industry International Conference (IAIIC), which was due to be held on November 14-15 in Tehran, has been deferred until mid-February 2017, ISNA reported on Wednesday.
November 30, 2016

IAIIC postponed to mid-Feb. 2017

TEHRAN- The 4th Iran Automotive Industry International Conference (IAIIC), which was due to be held on November 14-15 in Tehran, has been deferred until mid-February 2017, ISNA reported on Wednesday.
November 30, 2016

Iran’s 8-month non-oil exports up 5.7% yr/yr

TEHRAN-Iran’s exports of non-oil products in the first eight months of the current Iranian calendar year (March 20-November 20) stood at $28.117 billion, with 5.74 percent rise from $26.59 billion in the same period last year, according to the official website of the Islamic Republic of Iran’s Customs Administration (IRICA).
November 30, 2016

Iran’s 8-month non-oil exports up 5.7% yr/yr

TEHRAN-Iran’s exports of non-oil products in the first eight months of the current Iranian calendar year (March 20-November 20) stood at $28.117 billion, with 5.74 percent rise from $26.59 billion in the same period last year, according to the official website of the Islamic Republic of Iran’s Customs Administration (IRICA).
November 30, 2016

No Better Time than Today to Invest in Iran

By Padraig O’Hannelly. A major investment summit on Iran was held on Monday at London’s Great Connaught Rooms, with participation from a wide range of international companies and institutions. Showcase Iran 2016, hosted by Frontier Exchange and the Intelligent Persian Corporation (IPC), and with media partnership from Iran Business News, featured presentations and lively discussions […]
November 30, 2016

OPEC agrees to cut output by 1.2mbpd

OPEC clinched a deal to curtail oil supply by 1.2 million barrels per day, confounding skeptics as the need to clear a record global crude glut -- and prove the group’s credibility -- brought about its first cuts in eight years.