August 19, 2016

153 Million Dollars Revenue from Digital Games in Iran

A recent national survey in Iran shows that the country’s digital games’ revenue in 2015 was 153 million dollars. 95٪ of this revenue is for non-Iranian games.

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August 19, 2016

Iran Undecided on Joining Next OPEC Meeting

A spokeswoman for Iran’s Oil Ministry said Tuesday the country has not yet decided to participate in an upcoming OPEC meeting on oil freeze plan scheduled to be held next month. Iranian officials “have not determined yet to join the meeting” and have “made no decision” on joining a cap, the spokeswoman said as quoted […]
August 19, 2016

Iran’s Auto Market Promising: Japanese Trade Adviser

The adviser in charge of the Middle East at the Japan External Trade Organization in Tokyo said automotive demand in Iran is promising due to its population. “Iran is a country which has been already producing automobiles and is not an export market for completed cars,” said Yoichi Yamamoto as cited by the Japan Times […]
August 19, 2016

Moscow and Tehran in ‘Strategic Cooperation’

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. Ali Shamkhani, the secretary of Iran’s Supreme National Security Council, spoke to the Islamic Republic News Agency (IRNA) Aug. 16 about the security and military developments in the region and Iran’s growing relationship with […]
August 18, 2016

“No Deal” Under New Oil Contracts

An Iranian lawmaker quoted Oil Minister Bijan Namdar Zanganeh as saying that the country has not signed any deal with foreign customers using a new model of oil contracts, giving an assurance that the much-questioned model will be revised. Speaking to the Tasnim News Agency, Javad Hosseinkia, member of the parliament’s industries and mines commission, […]
August 18, 2016

Iranian carmakers’ good fortune unlikely to trickle down

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. A majority of car consumers in Iran complain about the low quality and high prices of vehicles produced by local manufacturers, according to a poll conducted by news website Khabar Online. Citing another poll, […]
August 18, 2016

S Korea’s Oil Imports from Iran Surge

South Korea’s oil imports from Iran witnessed a 4.5 percent rise in the second quarter of 2016 compared to the same period last year, South Korean energy ministry said Wednesday. South Korean refiners shipped in 266.4 million barrels of crude oil in the second quarter, or 2.93 million barrels per day (bpd), versus 255 million […]
August 18, 2016

Russia bombs Syria rebels from Iran base for first time

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Russia has used a base in Iran for the first time to launch air strikes in Syria. Its long-range bombers conducted raids on ISIL and Jabhat Fateh Al-Sham strongholds from the Hamedan base […]
August 18, 2016

Iranian Mobile Payment Company Asan Pardakht Preparing For IPO

Asan Pardakht the famous mobile payment app and PSP (Payment Service Provider) is taking its final steps for IPO.

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August 17, 2016

Wang Yang: Iran, China economies intertwined

TEHRAN - The economies of Iran and China are intertwined and complement each other, Chinese Vice Premier Wang Yang said in a meeting with Iranian economy minister Ali Tayyebnia in Beijing on Wednesday.
August 17, 2016

Norway to fund €1b development projects in Iran

TEHRAN - Norway has opened a line of credit worth €1 billion aimed at funding development and infrastructure projects in Iran.
August 17, 2016

Burundi eyes importing oil products from Iran

TEHRAN – In a meeting with Iran’s Deputy Oil Minister for International Affairs Amir-Hossein Zamaninia in Tehran on Tuesday, Burundi’s Minister of Foreign Affairs and International Cooperation Alain Aimé Nyamitwe declared his country’s willingness to import oil products from Iran.
August 17, 2016

Tehran, Beijing ink economic co-op agreement

TEHRAN - Iranian Finance and Economic Affairs Minister Ali Tayyebnia and Chinese Commerce Minister Gao Hucheng signed an agreement in Beijing on Tuesday to bolster economic cooperation between the two countries.
August 17, 2016

Exports from Iran to South Africa up 70% in 4 months

TEHRAN – Iran’s exports to South Africa have risen by 70 percent in the first four months of the current Iranian calendar year (March 20- July 21, 2016) compared to the same period last year, Tasnim news agency reported on Wednesday.
August 17, 2016

4-month exports of Iranian hand-woven carpets near $83m

TEHRAN- Iran exported $82.9 million of hand-woven carpets, registering 39.5 percent rise, in the first four months of the current Iranian calendar year (March 20- July 21, 2016), compared with the same period last year, according to the Head of Iran Na...
August 17, 2016

Studies on Iran-Oman gas pipeline underway

Studies have begun on the Oman-Iran deep-water pipeline route to transfer Iranian natural gas to the Sultanate, according to a senior Iranian official.
August 17, 2016

Tehran-Muscat banking ties lubricated

TEHRAN- “The banking relations between Iran and Oman has been facilitated during the recent months,” the Deputy Head of Iran-Oman Chamber of Commerce Mohammad-Amin Sabaqizadeh announced.
August 17, 2016

Iran bumps up oil output to 3.85mbpd

Iran is pumping 3.85 million barrels of crude oil per day (bpd) and exporting 2.2 million bpd, Ali Kardor, managing director of the National Iranian Oil Company (NIOC), was quoted as saying by state news agency IRNA on Tuesday.
August 17, 2016

Iran says new oil contracts need more amendments

Iran's new oil and gas contracts will need amendments, its oil minister said on Tuesday after a meeting with the speaker of parliament, adding that the new contracts will not be sent to the assembly for final approval.
August 17, 2016

Siemens to collaborate in power plant expansion in Iran

TEHRAN- The CEO of Power Generation Management Company of Iran’s southern province of Hormozgan announced that his company has finalized a contract with the German Siamese AG on development of a power plant in the provincial capital of Bandar Abbas.