April 8, 2019

Nokia may Reduce its Iran Business

By John Lee. Finnish telecom equipment maker Nokia has said it may have to reduce its business in Iran due to the reimposition of US sanctions. In a statement to the markets, the company said: “We continuously monitor international developments and assess the appropriateness of our presence and business in various markets. “The US’ unilateral […]
April 7, 2019

Industrial, mineral exports rise 8% in 11 months on year

TEHRAN- The value of Iran’s industrial and mineral exports during the eleven-month period from March 21, 2018 to February 19, 2019 rose eight percent compared to the figure of the same time span in the previous year, according to an official at Trade P...
April 7, 2019

Tehran, Baghdad stress developing trade ties in business forum

TEHRAN – Following the visit of a high-ranking Iraqi delegation to Tehran, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted an Iran-Iraq business forum on Sunday.
April 7, 2019

Iranian, Iraqi ministers confer about energy, economy co-op

During the two-day stay of an Iraqi high-ranking delegation in Iran, the Iraqi ministers met their Iranian counterparts to discuss different areas of cooperation between the two neighbors.
April 7, 2019

Gasoline consumption in Norouz holidays hits 2b liters

TEHRAN – Iran’s gasoline consumption during the peak demand of the Norouz (Persian New Year) holidays (March 17 – April 5) reached near two billion liters, Tasnim news agency Reported.
April 7, 2019

Mohammadzadeh appointed deputy oil minister for research, technology

TEHRAN- Saeed Mohammadzadeh was appointed as the deputy oil minister for engineering, research and technology affairs, Shana reported.
April 7, 2019

Will Iraq lose Shatt al-Arab to Iran?

By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Will Iraq lose its benefits from Shatt al-Arab River to Iran? Iranian President Hassan Rouhani visited Baghdad March 11 to endorse the two countries’ renewed commitment to the 1975 Algiers Agreement regarding the shared border […]
April 6, 2019

‘Iran to unveil production flourishing, budget reform plans in coming days’

TEHRAN - Head of Iran’s Planning and Budget Organization Mohammad Bagher Nobakht announced about unveiling a production and employment flourishing plan as well as a plan for reforming the budget structure in the coming days.
April 6, 2019

Annual exports of sweets, chocolates can hit $1b: official

TEHRAN- The annual exports of sweets and chocolates from Iran can reach $1 billion, the secretary of Sweets, Chocolates and Grain Products Desk at Iran’s Trade Promotion Organization (TPO), asserted.
April 6, 2019

Optimism growing among oil traders on signs of a tightening market

In the last two weeks, a variety of boosting factors have come together to push the oil prices up to their highest in near six months.
April 6, 2019

Iraq “Needs to Buy Iranian Electricity for 3 Yrs”

Iraqi Parliament Speaker Mohammed al-Halbusi said he hopes the United States will keep waiving sanctions on energy imports from neighboring Iran, noting that the Arab country will need to purchase electricity from the Islamic Republic for three years. In November last year, Washington granted a 45-day waiver on electricity to the Arab country and extended […]
April 5, 2019

Value of trades at IME rises 52% in a year

TEHRAN- The value of trades at Iran Mercantile Exchange (IME) rose 52 percent in the past Iranian calendar year (ended on March 20, 2019) from its previous year, Tasnim news agency reported.
April 5, 2019

Tehran to host Iran-Iraq business forum

TEHRAN- An Iran-Iraq business forum is planned to be held in Tehran on the sidelines of Iraqi Prime Minister Adil Abdul-Mahdi’s two-day visit to Iran on Saturday and Sunday, IRNA reported.
April 5, 2019

India engaged with U.S. on Iranian oil imports

TEHRAN- India says the country is engaged with the Trump administration on the issue of extending the waiver on imports of oil from Iran as the waiver expires next month, ND TV reported on Thursday.
April 5, 2019

South Pars annual gas output up 12%

TEHRAN-Production of gas in South Pars gas field (Iran shares with Qatar in the Persian Gulf) rose 12 percent in the past Iranian calendar year 1397 (ended on March 20, 2019) from its previous year, according to the managing director of South Pars Gas ...
April 5, 2019

Floods in Iran leave behind up to $1.1b damage to agriculture

TEHRAN – Iranian Ministry of Agriculture estimates the damages caused by the recent floods to the country’s agricultural sector at 46.6 trillion rials (near $1.1 billion) based on the official exchange rate of 42,000 rials to a dollar, Mehr news agency...
April 5, 2019

Iran GDP Shrinking

By John Lee. A new report from the World Bank Group forecasts real GDP growth (at constant market prices) of -1.6 percent for the year to the end of March 2019 in Iran, falling further to -3.8 percent next year: Economic growth in Iran continued to slowdown in the first quarter of 2018/19 (April-June) as […]
April 5, 2019

Floods: Evacuation of 70 Villages

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The Iranian government has ordered the evacuation of 70 villages threatened by flooding. A state of emergency has been dec...
April 5, 2019

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Adviser (Trafficking in Persons and Smuggling of Migrants), UNODC – Office on Drugs and Crime GIS and Remote Sensing, FAO – Food and Agriculture Organization of the United Nations LFS Project Manager, Norwegian Refugee Council (NRC) Monitoring & Evaluation Assistant , Norwegian Refugee Council […]
April 4, 2019

Iran, Croatia ink MOU on private sectors’ joint investment

TEHRAN- Iran and Croatia signed a memorandum of understanding on joint investment between private sectors of the two countries, IRIB reported.