September 28, 2016

Austria extends Iran’s insurance coverage to €1b

TEHRAN - Austria has extended Iran's insurance coverage from €280 million to €1 billion, ISNA reported.
September 28, 2016

Tehran, Muscat to bolster economic ties

TEHRAN – Iran and Oman signed five memoranda of understanding (MOU) at the end of the 16th Iran-Oman Joint Economic Committee meeting in Tehran, Shata news agency reported on Wednesday.
September 28, 2016

Iran Has No Intention to Cap Oil Output: Oil Minister

Iranian Oil Minister Bijan Namdar Zanganeh said Iran has no plans to freeze its oil production at current levels. “It’s not our agenda to reach agreement in these two days,” Zanganeh told Bloomberg Television in an interview Tuesday. The Iranian oil minister is attending an informal meeting underway between members of the Organization of the […]
September 28, 2016

Australian Trade Delegation Visits Tehran

By John Lee. Australian Trade Minister Steven Ciobo is leading a high-profile delegation to Tehran, aimed at re-establishing commercial ties in several sectors. According to a report from The Australian, the delegation includes Qantas, Cochlear, GrainCorp, LiveCorp, WorleyParsons and the universities of Melbourne and Sydney. Mr Ciobo met his Iranian counterpart, Mohammad Reza Nematzadeh, and […]
September 28, 2016

Austria’s OeKB Increases Iran Trade Financing

By John Lee. The Central Bank of Iran (CBI) says Austrian export credit agency OeKB has raised its cover for Iran transactions from 280 million euros to 1 billion euros. The announcement by Austrian Minister for Finance Hans Jörg Schelling (pictured) came during a meeting with CBI Governor Valiollah Seif in Vienna. Schelling said his […]
September 28, 2016

Iran discusses Purchase of Embraer Planes

By John Lee. Iran has reportedly started official negotiations with Brazilian aircraft manufacturer Embraer for the purchase of new planes. According to the Iranian deputy minister of Roads and Urban Development, Asghar Fakhrieh Kashan, a delegation from the company visited Tehran last week to talk with Iranian airlines. Trend reports that in March, Iranian Zagros […]
September 28, 2016

Khamenei puts stop to Ahmadinejad’s Return

By Misha Zand, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On Sept. 27, former President Mahmoud Ahmadinejad sent an official letter to the supreme leader of Iran announcing that he will not run as a candidate in the May 19 presidential election. In his […]
September 28, 2016

Algiers meeting outcome hanging in the balance

Senior officials, corporate executives, representatives of international institutions and experts from all around the world along with major oil producers have come together in Algiers to attend the 15th International Energy Forum (IEF) from Sept. 26-28.
September 28, 2016

Why Are Iranians Showing More Trust Towards Online Shopping?

p until a few years ago Iranians were foreign to online shopping but today even the elderly citizens are buying from online merchants on a regular basis. What is the reason behind this fast change in the Iranian users’ behavior?

The post Why Are Iranians Showing More Trust Towards Online Shopping? appeared first on Techrasa.

September 27, 2016

FAO stresses criticality of marine cage culture for Iran

The Food and Agriculture Organization of the United Nations (FAO) is conducting a four-day technical workshop on Marine Cage Culture in Tehran thought which the Organization will lend its technical assistance to build a framework aimed to develop Iran’s mariculture industry.
September 27, 2016

Iran’s 5-month saffron exports up 5.7% yr/yr

TEHRAN- Iran’s worth of saffron exports during the first five months of the current Iranian calendar year (March 20-August 21) rose 5.7 percent compared to the same period of time in the previous year, according to Gholamreza Miri, the vice chairman of National Iranian Saffron Council.
September 27, 2016

Oil, gas apt for expansion of Iran-Oman economic ties

TEHRAN - Iranian First Vice President Es’haq Jahangiri in a meeting with Omani Minister of Commerce and Industry Ali bin Masud Al Sunaidy in Tehran on Monday mentioned oil and gas as sectors appropriate for the expansion of economic ties between Iran and Oman, the portal of Iranian administration reported.
September 27, 2016

Turkey, Iran want ‘gradual’ free trade deal: Iranian official

A leading Iranian economy official in Ankara has said Turkey and Iran have been in talks to increase the number of items within the scope of their preferential trade deal and the two sides will sign a free trade deal if these items hit 265.
September 27, 2016

Iranian trade delegation to visit Tajikistan in mid-Oct.

TEHRAN - An Iranian trade delegation will travel to the Tajik capital, Dushanbe, on October 13, the portal of Iran’s Trade Promotion Organization (TPO) reported.
September 27, 2016

Iran doesn’t want oil deal in Algiers, won’t freeze output

Iran is not willing to freeze its oil output at current levels and doesn’t intend to forge an agreement with other major crude producers at talks in Algiers this week, said the nation’s oil minister.
September 27, 2016

Annual fish exports from Iran to reach $380m by Mar. 2017

TEHRAN- Iran has planned to export $380 million of fishes by the end of the current Iranian calendar year (March 20, 2017), Head of Fishery Organization Hassan Salehi said on Tuesday.
September 27, 2016

Iran’s H1 gas exports up 3.4% y/y

TEHRAN – Iran’s gas exports reached near 4 billion cubic meters in the first six months of the current Iranian calendar year (March 20-September 21), registering a 3.4 percent rise compared to the same period in the preceding year, Shana quoted a gas official as saying on Tuesday.
September 27, 2016

Polish trade delegation due in Tehran next week

TEHRAN- A 50-member Polish trade delegation headed by the country’s deputy minister for economic development will leave Poland for Tehran on October 2, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced on Sunday.
September 27, 2016

Iran, Netherlands to Boost Scientific Cooperation

A meeting was held in the Netherlands on Saturday to explore avenues for the expansion of academic and scientific cooperation with Iran. A delegation from Iran’s presidential bureau for Science and Technology Affairs attended the meeting with a group of Dutch academics, scientists and university students to coordinate efforts in promoting technological cooperation between Tehran […]
September 26, 2016

Iran’s non-oil trade over $42.14b in H1

TEHRAN – Iran’s non-oil trade exceeded $42.14 billion in the first six months of the current Iranian calendar year (March 20-September 21), recording a positive balance, IRIB news reported on Sunday.