September 10, 2016

Iranian trade delegation to embark for S. Africa on Monday

TEHRAN- Trade Promotion Organization of Iran will dispatch a trade-marketing delegation to South Africa on September 12 to discuss opportunities for bilateral economic cooperation.
September 10, 2016

Non-oil exports to 5 northern countries stands at $2b

TEHRAN – Iran exported $2 billion of non-oil goods to Russia, Turkey, Armenia, Georgia, and Azerbaijan in the past Iranian calendar year (ended on March 19, 2016), Trade Promotion Organization Director Mojtaba Khosrotaj said on Saturday.
September 10, 2016

Iran, China finalize deal on $1.2b refinery project

TEHRAN – China’s Sinopec and Iran’s Oil Ministry have finalized an agreement regarding the development project of Iran’s Abadan refinery, Mehr news agency reported on Saturday.
September 10, 2016

Confab introduces Iranian market to Turks

TEHRAN- Some 300 Turkish companies attended the conference on introducing Iranian market held in Konya, Turkey, IRNA news reported on Friday.
September 10, 2016

Iran’s SEO, Germany’s BaFin sign MOU

TEHRAN - The visiting Head of Iran's Securities and Exchange Organization (SEO), Shapour Mohammadi, and the president of German Federal Financial Supervisory Authority (BaFin), Felix Hufeld, inked a memorandum of understanding (MOU) on boosting coopera...
September 10, 2016

Orange is After Iran’s Largest Mobile Operator

Orange has been expanding in the fast-growing countries in Africa and the Middle East. And now with the lifting of the sanctions Iran's largest mobile operator is under Orange's radar.

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September 9, 2016

Russian banks race to front of queue to enter Iran’s banking sector

Russian banks are striving to be the first in line after the partial lifting of sanctions against Iran, Russian newspaper Izvestiya reported on Wednesday.
September 9, 2016

France ready to expand banking ties with Iran

TEHRAN - In a meeting with the Governor of the Central Bank of Iran (CBI), Valiollah Seif, the visiting President of the French Parliament's National Assembly (lower house), Claude Bartolone, announced his country’s readiness for the expansion of banking cooperation with Iran, the portal of CBI reported.
September 9, 2016

Poland’s Lotos may sign long-term oil supply deal with Iran

Polish refiner Lotos could sign a long-term oil deal with Iran after receiving its first supplies from Iran last month, the deputy head of Lotos said on Thursday.
September 9, 2016

Iran to Carry Internet Traffic Between East and West

Iran is planning to further develop its infrastructure in order to become an internet transit hub between the east and west.

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September 8, 2016

Iran’s Tech & ICT to Absorb 16 Billion Euros of Investment

Iran’s fast growing Tech & ICT sector will absorb over 16 billion Euros to insure it’s growth and development.

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September 6, 2016

Kharg Oil Terminal to Be Completed by Year-End

A senior Iranian oil official said the country plans to complete a major oil export terminal in the Persian Gulf by year-end. The terminal near Kharg Island in the Persian Gulf would be ready to export the new grade of crude, known as West Karoon, after the facilities were completed “sometime by the end of […]
September 6, 2016

FATF Deal “Against Iran’s National Security”

A senior Iranian lawmaker warned that an agreement between the Islamic Republic and the Financial Action Task Force (FATF), the policy-making body of the international financial system, threatens the country’s national security. Speaking to the Tasnim News Agency, Mohammad Javad Jamali, a member of the presiding board of the parliament’s National Security and Foreign Policy […]
September 6, 2016

SCI to revive JV with Iran Shipping Firm

By John Lee. The Shipping Corporation of India (SCI), the country’s largest shipping company, is said to be in talks with its 40-year-old Iranian joint venture partner Islamic Republic of Iran Shipping Lines (IRISL) to work out a business model that can open new geographies for trade for the former. Business Standard News reports that […]
September 6, 2016

IAG Cargo Offers London-Tehran Service

By John Lee. IAG Cargo has become the latest airline to launch services to Iran. According to a report from The Loadstar, the company is offering six flights a week between London and Tehran with a 777- 200 aircraft. “With Iran’s economy predicted to grow, as new companies wish to expand and modernise, we expect […]
September 6, 2016

Video: Pistachio Farms Dying of Thirst

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. In southeastern Iran, entire cities have grown rich from pistachios, one of the country’s biggest export, but time is running out for the industry as unconstrained farming and climate change take a devastating toll.
September 6, 2016

Three Iranian banks to open branches in Munich

Three Iranian banks have told Bavaria's economy minister that they plan to open branches in Munich to help stimulate more business ties with German firms, the Muenchner Merkur newspaper reported on Sunday.
September 6, 2016

Czechs to attend Tehran Intl. Industry Exhibition

TEHRAN- Czech Deputy Industry and Trade Minister Vladimir Bartl in a meeting with his Iranian counterpart Mojtaba Khosrotaj acknowledged that a number of Czech companies are to take part in the 16th Tehran International Industry Exhibition in October, ...
September 6, 2016

Iran ready to raise oil output to 4m bpd depending on demand: NIOC

SINGAPORE (Reuters) - Iran is ready to raise its oil production to 4 million barrels per day (bpd) in the next two to three months depending on market demand, a senior official from the National Iranian Oil Company (NIOC) said on Monday.
September 6, 2016

300 companies to participate in Iran Stone Expo

TEHRAN- Some 300 Iranian and foreign companies have expressed readiness to participate in the 9th International Iran Stone Expo (2016) in mid-September, Mohammad Hallajian, the executive director of the exhibition, told IRNA on Monday.