September 26, 2016

Japan’s Marubeni to finance €320m petchem projects in Iran

TEHRAN – Japan’s integrated trading and investment business conglomerate, Marubeni, has signed a €320 million short-term (usance) agreement on financing petrochemical projects in Iran, IRNA reported on Sunday.
September 26, 2016

Inflation rate hits 8.8% in Iran: CBI

TEHRAN- Central Bank of Iran (CBI) announced the inflation rate for the 12-month period ended in the last day of the sixth Iranian calendar month of Shahrivar (September 21) stands at 8.8 percent, compared to the same period of time last year, IRNA rep...
September 26, 2016

Oman launches new shipping routes to Iran

TEHRAN – The Omani minister of commerce and industry, Ali bin Masud Al Sunaidy, and the governor general of Iran’s Hormozgan province, Jasem Jaderi, on Sunday officially inaugurated new direct shipping routes from two Omani ports to the Iranian port of Shahid Bahonar.
September 26, 2016

RCF ropes in FALAT to set up 1.3MT urea plant in Iran

Rashtriya Chemicals & Fertilizers has formed JV with Gujarat State Fertilizer Corporation (GSFC) and Faradast Energy Falat Company (FALAT) for the development of 1.3 million ton (MT) urea plant at Chabahar in Iran. The project entails investment of 65 billion rupees. The product will be shipped back to India.
September 26, 2016

Pirate Summit 2016 at a Glance

An entrepreneur’s mind is nothing like the ordinary, and Pirate Summit 2016 was the same.

The post Pirate Summit 2016 at a Glance appeared first on Techrasa.

September 26, 2016

US to Address Iran Banking Concerns

Iranian Foreign Minister Mohammad Javad Zarif said Washington has pledged to allay the concerns of European banks about trading with Iran following the removal of anti-Tehran sanctions. US Secretary of State John Kerry has given assurances that Washington will not punish the European banks engaged with Iran’s financial entities, Zarif told Japan’s Kyodo news agency […]
September 26, 2016

Iran Introduces Credit Cards

Iran introduced credit cards for the first time on Sunday. According to a report from Reuters, the cards will be offered with limits of approximately 3,000, 10,000 and 15,000 dollars. But the Iranian Students’ News Agency (ISNA) quotes Valiollah Seif (pictured), the head of the Central Bank of Iran (CBI), as saying that it could […]
September 26, 2016

Australia to Reopen Trade Office in Tehran

Australia’s government announced Monday it will reopen its trade office in Iran later this month. According to a report carried by Australia’s ABC News on Monday, Canberra will re-launch its office in the Iranian capital ahead of a visit by the country’s Minister for Trade and Investment Steven Ciobo to Tehran this week. A business […]
September 26, 2016

Video: Iran Cashing in on Medical Tourism

Medical tourism is on the rise as more people are taking trips to less developed countries to save thousands of dollars on healthcare and cosmetic surgery. According to the WHO, the global profit of medical tourism is estimated at $60bn a year. Among the countries pushing to get a bigger piece of the market is […]
September 26, 2016

China to Invest in Iran’s Fishing Industry

The agriculture ministers of Iran and China signed two cooperation documents to boost cooperation between the two countries in the field of fisheries and aquaculture. Based on the documents, signed in a meeting between the two in Tehran on Saturday, China will invest 20 billion Yuans ($3 billion) in different parts of Iran’s fishery sector. […]
September 26, 2016

Rafsanjani takes aim at Iranian Military Spending

By Saeid Jafari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Rafsanjani takes aim at Iranian Military Spending amid Furor The chair of Iran’s Expediency Council, Ayatollah Ali Akbar Hashemi Rafsanjani, delivered the following remarks Aug. 10 at the 33rd Summit of Managers and Heads […]
September 26, 2016

Tehran Intl. Industry Expo slated for Oct.

TEHRAN - The 16th Tehran International Industry Expo (TIIE 2016) will be held in Tehran on October 5-8, Tasnim news agency reported on Sunday.
September 26, 2016

Iran Telecom 2016 kicks off in Tehran

Tehran – The 17th International Exhibition of Telecommunications, Information Technology & Innovative CIT Solutions of Iran (Iran Telecom 2016) opened in Tehran on Sunday and will run for four days.
September 26, 2016

Iran, China sign fishery co-op MOUs

TEHRAN – Iran and China signed two memoranda of understandings (MOU) for investment in Iran’s fishery and aquaculture industry, Fars news agency reported.
September 25, 2016

Australian trade minister to lead a business delegation to Iran this week

Australian Trade Minister Steven Ciobo is leading a business delegation to Iran this week in a bid to secure an early advantage for Australian companies looking for deals as the market of 80 million people re-enters the global economy.
September 25, 2016

Meshkinfam appointed new managing director of Pars Oil & Gas Company

TEHRAN- Mohammad Meshkinfam has been appointed as the new managing director of Pars Oil and Gas Company replacing Ali-Akbar Sha’banpour, Shana reported on Saturday.
September 25, 2016

Watex 2016 to host 140 foreign companies

TEHRAN- The 12th Iran International Water and Wastewater Exhibition (Watex 2016) will host 140 companies from different countries around the world, Iranian Energy Ministry announced on Saturday.
September 25, 2016

Hungarian Exim Bank ready to cooperate with Iran

TEHRAN- Hungarian Export-Import Bank (Exim Bank) has recently announced readiness for signing a cooperation memorandum of understanding (MOU) with Export Development Bank of Iran, IRIB news reported on Saturday quoting the Iranian bank’s managing director, Ali Salehabadi.
September 25, 2016

TPO, KOTRA to facilitate Iran-S. Korea trade ties

TEHRAN - The director of the Trade Promotion Organization (TPO) of Iran, Mojtaba Khosrotaj, and the CEO of Korea Trade-Investment Promotion Agency (KOTRA), Jaehong Kim, agreed on bilateral cooperation between their organizations for facilitation of Ira...
September 25, 2016

Iran’s 8-month crude steel output up 5% yr/yr: WSA

TEHRAN- Iran produced 11.451 million tons of crude steel in the first eight months of 2016, with 5 percent rise from 10.894 million tons in the same period of time in the previous year, the World Steel Association (WSA) reported.