October 24, 2016

Iran sells crude oil at $48.6 per barrel in a week

TEHRAN- Iran sold its light crude oil at $48.66 per barrel in the week ended on October 14, with 81 cents increase from its previous week, Shana news agency reported.
October 24, 2016

Electricity sector in Iran needs $25b investment by 2021: official

TEHRAN- Some $25 billion investment is required in Iran’s electrify sector by 2021 in order to materialize 5.5 percent annual growth planned for the country’s electrify generation, according to Houshang Falahatian, the Iranian deputy energy minister.
October 24, 2016

New International Jobs in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Leiter für das Vorhaben Klimaschutzprogramm Iran, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Finance Coordinator, Norwegian Refugee Council (NRC) Finance Officer, Norwegian Refugee Council (NRC) Intern – UN-Habitat Public Information and Communication, United Nations Human Settlements Programme Intern – UN Habitat Programme Support (Urban Planning […]
October 24, 2016

Police Overwhelmed as Drugs from Iran flood Basra

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. In the oil-rich city of Basra in southern Iraq, drug-trafficking gangs are gaining power. Through certain areas on the Iraqi-Iranian border, drugs come in from Iran to be consumed in Basra […]
October 24, 2016

MTN to Acquire 49% of Iranian Net

It seems that the long discussed issue with Iran’s so-called “Fourth Operator” is coming to a conclusion in finding a foreign investor.

The post MTN to Acquire 49% of Iranian Net appeared first on Techrasa.

October 24, 2016

World auto giants to gather in Iran’s IAIIC

TEHRAN - Senior officials from international automakers such as Mercedes-Benz, Volkswagen and BMW will attend the 4th Iran Automotive Industry International Conference (IAIIC) which is due to be held on November 14-15 in Tehran, ISNA reported on Sunday.
October 24, 2016

Iran, Netherlands sign MOU on energy project

TEHRAN- The Netherlands’ Minister of Infrastructure and Environment, Melanie Schultz van Haegen-Maas Geesteranus held talks with Iranian Energy Minister Hamid Chitchian in Tehran on Sunday.
October 24, 2016

Signing preferential, free trade deals to boost Iran-Malaysia economic ties

TEHRAN- The Iranian Communications and Information Technology Minister Mahmoud Vaezi, who is also the Iranian head of Iran-Malaysia Joint Economic Committee, after a Saturday meeting with the Malaysian Minister of International Trade and Industry Musta...
October 24, 2016

Iran, Germany sign 6 co-op agreements on transportation

TEHRAN- Tehran and Berlin inked six cooperation agreements on transportation following the Sunday meeting between the visiting German Minister of Transport and Digital Infrastructure Alexander Dobrindt and the Iranian Transport Minister Abbas Akhoundi,...
October 24, 2016

Picture of the day

The first flight of KLM Royal Dutch Airlines, the flag carrier airline of the Netherlands, landed in Tehran's Imam Khomeini International Airport (IKIA) on Saturday.
October 24, 2016

Inflation rate hits 7.9% in Iran

TEHRAN- The Statistical Center of Iran has announced that the inflation rate for the 12-month period ended in the last day of the seventh Iranian calendar month of Mehr (October 21) compared to the same period in the previous year hit 7.9 percent.
October 23, 2016

Iran hopes S. Arabia, Russia to align with oil cuts

TEHRAN – Iran says it is hoped that Saudi Arabia and Russia, the two top oil producers within and outside the Organization of Petroleum Exporting Countries, will come to terms and cut production in order to boost global prices.
October 23, 2016

The real reason Boeing, Airbus deals with Iran matter

By Saheb Sadeghi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Soon after the US Treasury Department granted licenses to Boeing and Airbus to sell passenger planes to Iran, Tehran welcomed the move as a fulfillment of American obligations under the nuclear deal. On Sept. 24, […]
October 23, 2016

Malaysian companies eager to invest in Iran’s oil industry

TEHRAN – Malaysian companies are eager for making investment in Iran’s oil industry, Shana quoted Iran’s Oil Minister Bijan Namdar Zanganeh as saying.
October 23, 2016

Iran’s longest power transmission line to come online today

TEHRAN – The manager of power transmission projects of Iran’s Thermal Power Plants Holding (TPPH) announced that Shazand-Gotvand 400-KV power transmission line, the country’s longest line, will come online today, Tasnim news agency reported.
October 23, 2016

Annual caviar output in Iran anticipated to reach 3 tons

TEHRAN- The annual production of caviar in Iran is anticipated to reach three tons in the current Iranian calendar year (ends on March 20, 2017), according to Hossein-Ali Abdolhai, deputy head of Iran Fisheries Organization.
October 23, 2016

Iran’s 9-month crude steel output up 8% yr/yr: WSA

TEHRAN- Iran produced 13.210 million tons of crude steel in the first nine months of 2016, with 8 percent rise from 12.231 million tons in the same period last year, the World Steel Association (WSA) reported.
October 23, 2016

Iran, Brazil to hold joint economic committee meeting by mid-Nov.

TEHRAN – Iran-Brazil joint economic committee meeting is due to be held by the end of the current Iranian calendar month (November 20) in Brazil, ISNA reported on Saturday.
October 22, 2016

South Pars platform 20 to be loaded tomorrow

TEHRAN- Platform 20 of Iran’s South Pars gas field (in The Persian Gulf) will be loaded at Khorramshahr yard tomorrow for delivery to its designated offshore spot, Shana news agency reported quoting Alireza Ebadi, the operator of South Pars phases 20 and 21 of development.
October 22, 2016

IMF anticipates 4.5% GDP growth for Iran in 2016

TEHRAN- The International Monetary Fund (IMF), in its latest report titled Regional Economic Outlook: Middle East, North Africa, Afghanistan, and Pakistan (MENAP), predicted a 4.5 percent real GDP growth for the Islamic Republic of Iran in 2016.