September 22, 2016

Zürich hosts Iran-Switzerland Joint Chamber of Commerce meeting

TEHRAN- The meeting of Iran-Switzerland Joint Chamber of Commerce was held in the Swiss city of Zürich on Tuesday with participation of the two countries’ private sector activists, according to the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).
September 22, 2016

Annual rice output in Iran anticipated to reach 2.2m tons

TEHRAN- The annual production of rice in Iran is anticipated to reach 2.2 million tons in the current Iranian calendar year (which will end on March 20, 2017), according to Kaveh Khaksar, the director general of Cereals Department in the Ministry of Ag...
September 22, 2016

Iran committed to building oil-market consensus, OPEC head says

Iran is committed to building a consensus on stabilizing the oil market between OPEC and non-member countries, the group’s new Secretary-General Mohammed Barkindo said.
September 22, 2016

Iranian App Brings Social Media to the Virtual Map

A new geo-based social media app is trying to find its place amongst Iranian users by bringing new features that haven’t been available on other social networks. The startup is now raising fund through a crowdfunding platform.

The post Iranian App Brings Social Media to the Virtual Map appeared first on Techrasa.

September 21, 2016

Rome to host Iranian exclusive expo in November

TEHRAN - Rome is going to host an Iranian exclusive exhibition from November 22 to 26, Public Relations Department of Iran’s Trade Promotion Organization (TPO) reported.
September 21, 2016

Siemens delivers first F-class turbine to Iran

German industrial group Siemens has shipped the first F-class gas turbine for Iran’s 600-MW Bandar Abbas power plant, six months after signing an energy agreement with the Iran’s power-generator constructors, MAPNA Group.
September 21, 2016

Iran welcomes Italy for trade partnership post sanctions

TEHRAN – Iran welcomes Italy to be once again Iran’s number one trade partner in Europe seizing the post-sanctions opportunity, ISNA quoted Iranian President Hassan Rouhani as saying.
September 21, 2016

U.S. begins unblocking jetliner sales to Iran

The United States has started issuing licenses unblocking the sale of Western passenger jets to Iran, aviation sources said.
September 21, 2016

Swiss MECI Group signs deal in Iran for $839m wind farm

Switzerland’s MECI Group International signed an agreement with Iran’s government to build a 750 million-euro ($839 million) wind farm.
September 21, 2016

WPP’s Sorrell: Iran a Significant Opportunity

Advertising giant WPP is planning to enter the Iranian market. CEO Martin Sorrell told Bloomberg that the company is currently “negotiating an equity interest” in Iran: (Source: Bloomberg)
September 21, 2016

PKK “planning to Sell Oil trough Iran”

By John Lee. BasNews reports that the Kurdistan Workers’ Party (PKK) is planning to extract crude oil in the border areas it controls in the Kurdistan Region and transport it to Iran by truck. According to some local sources, a PKK team is building a new 5-km road across the border areas of Kurdistan Region […]
September 21, 2016

Khamenei: Manipulating Numbers on Economy is ‘Major Sin’

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s Supreme Leader Ayatollah Ali Khamenei warned Iranian officials against manipulating statistics when it comes to the economy. In attendance at the speech were members of the Hassan Rouhani administration, who have been at […]
September 21, 2016

Indonesia, Iran to Step Up Cooperation

By John Lee. Indonesian Vice President Jusuf Kalla and Iran’s President Hassan Rouhani have agreed to step up economic cooperation. Indonesia and Iran continue to explore economic cooperation, such as in energy as well as oil and gas sectors, including LPG supply from Iran and a preliminary study between Indonesia’s state-owned energy company Pertamina and […]
September 21, 2016

IOOC Reconstruction Master Plan on Agenda

The Managing Director of Iranian Offshore Oil Company (IOOC) Hamid Bovard has said the master plan for reconstruction and renovation of his company will be in effect soon. He told a group of his personnel on Monday that the master plan will be considered in the sixth national development plan. He said reconstruction of his […]
September 21, 2016

From the Grand Bazaar to Online Shops

It started by getting up early in the morning and heading to the super crowded bazar to purchase the items you needed. The difference now is that you go to a website or an app with a fast growing and highly trafficked audience.

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September 20, 2016

NIOC, LUKoil Discuss Development of 2 Oilfields

The heads of National Iranian Oil Company (NIOC) and Russian oil company LUKoil met on Monday to discuss development of the Ab Teymour and Mansouri oil fields. Ali Kardor, managing director of NIOC, and Vahid Ali Akbarov, head of Russia’s largest oil company LUKoil, discussed cooperation over development of the two Iranian oil fields at […]
September 20, 2016

Can Rouhani reel in the IRGC’s Financial Empire?

By Bijan Khajehpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. For months, Iran’s hardliners have used the term “JCPOA” — the Joint Comprehensive Plan of Action — to undermine the credibility of President Hassan Rouhani’s administration. Over the past couple of weeks, they have […]
September 20, 2016

Iran, Netherlands Discuss Facilitation of Trade, Banking Ties

Iran’s ambassador to the Netherlands and president of the European country’s central bank in a meeting in The Hague explored avenues to facilitate trade and financial transactions between the two counties. The Iranian diplomat, Alireza Jahangiri, and President of De Nederlandsche Bank (DNB) Klaas Knot in the meeting discussed ways to boost banking interactions between […]
September 20, 2016

Russia to Export Fish Products to Iran

Russia’s Fishing Industry Gets Permit to Export Fish Products to Iran Russian agricultural watchdog Rosselkhoznadzor said the country’s fishing industry has obtained a permit to export fishery products to Iran in the near future. “Starting from next week fish products may be supplied to the territory of Iran from all 467 Russian enterprises and ships […]
September 20, 2016

Romania to Allocate €2 for Joint Projects in Iran

Romania’s Agriculture Minister Achim Irimescu said his country plans to allocate 2 million euros for implementation of joint projects with Iran. “Development of cooperation between the two countries in the field of agriculture can establish a link (between Tehran and Bucharest) for exporting Iran’s agricultural products to Romania and the European Union (EU)”, Irimescu said […]