February 8, 2019

ATR Applies for US Permission to Deliver Iran Planes

The CEO of Iran Air said ATR aircraft manufacturer has requested permission from the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury for the delivery of the turboprops Iran has purchased. Farzaneh Sharafbafi told Tasnim on Saturday that the delivery of the remaining ATR turboprops to Iran requires a permission […]
February 7, 2019

Up to 7000 German firms eager to Trade with Iran

By John Lee. The managing director of the German-Iranian Chamber of Commerce has reportedly said that up to 7,000 German business enterprises are believed to be seeking to continue trade with Iran. Michael Tockuss is quoted as saying: “Our estimate is that between 5,000 and 7,000 small- and medium-scale businesses are still after trade with […]
February 7, 2019

Attempts to Hack Diplomatic Entities in Iran

By John Lee. Russian cybersecurity firm Kaspersky Lab has said it has found evidence of attempts to compromise the information systems of foreign diplomatic entities in Iran: “Throughout the autumn of 2018 we analyzed a long-standing (and still active at that time) cyber-espionage campaign that was primarily targeting foreign diplomatic entities based in Iran. “The […]
February 7, 2019

PM Urges Rapid Implementation of Iran Banking Deal

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said Iraqi Prime Minister Adil Abdul-Mahdi has voiced “his firm support” for the banking deal reached between the two countries on Tuesday night and called for its rapid implementation. “After a long and four-hour meeting last night with the governor of the Central Bank of […]
February 7, 2019

Iran, Iraq “Finalize” Payment Mechanism

Governors of the central banks of Iran and Iraq signed an agreement to develop a payment mechanism aimed at facilitating banking ties between the two neighboring countries. The deal on the payment mechanism was signed in a meeting between Iran’s Abdolnaser Hemmati and Iraq’s Ali Mohsen al-Allaq in Baghdad on Tuesday night. Speaking at the […]
February 6, 2019

Liquidity almost at $410b in a month

TEHRAN- Iran’s liquidity stood at 17.25 quadrillion rials (about $410.7 billion) during the seventh month of the present Iranian calendar year, Mehr (October 22- November 21, 2018), according to a report released by the Central Bank of Iran (CBI).
February 6, 2019

294 industrial infrastructure projects to be inaugurated by Feb. 11

TEHRAN- The deputy head of Iran Small Industries and Industrial Parks Organization (ISIPO) announced that on the occasion of the 40th anniversary of Islamic revolution, some 294 industrial infrastructure projects, using 2.7 trillion rials (about $64.2 ...
February 6, 2019

Iran, Iraq set up payment mechanism to facilitate trade

TEHRAN – Central banks of Iran and Iraq reached an agreement to set up a payment mechanism to facilitate banking ties between the two countries, the portal of Central Bank of Iran (CBI) reported.
February 6, 2019

Iran-Singapore joint commerce committee holds 1st official meeting

TERHAN – The first official meeting of the Iran-Singapore joint commerce committee was held in Tehran on Wednesday, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
February 6, 2019

Rouhani to inaugurate South Pars new refineries within 2-3 weeks

TEHRAN- The new refineries of South Pars gas field will be inaugurated by President Hassan Rouhani during the next 2-3 weeks, Iran’s Oil Minister Bijan Namdar Zanganeh announced in a press conference on Tuesday.
February 6, 2019

New Petropars CEO Appointed

The CEO of the Naftiran Intertrade Company Sàrl (NICO) issued a decree appointing Hamid Reza Masoudi (pictured) as the new managing director of Petropars Ltd. (PPL). “Considering the valuable commitment, expertise and experiences you have displayed and regarding the approval of the general assembly of Petropars Company, you are appointed as the managing director and […]
February 5, 2019

Tehran hosts specialized panel on energy Fintech

TEHRAN – Iran Water and Power Resources Development Company (IWPCO) in collaboration with Research Institute for Energy Management and Planning (RIEMP) as well as Farab Construction Engineering Company hosted a specialized panel meeting on Tuesday to d...
February 5, 2019

Nearly 813,000 cars manufactured in 10 months

TEHRAN- Iranian carmakers manufactured 812,979 vehicles during the ten-month period from March 21, 2018 to January 20, 2019, IRNA reported on Tuesday citing the data released by the Ministry of Industry.
February 5, 2019

Iran’s recoverable liquid hydrocarbon reserves at 160 b barrels: NIOC

TEHRAN- National Iranian Oil Company (NIOC) in a recent report has put the country’s recoverable liquid hydrocarbon reserves at 160.12 billion barrels, IRIB reported on Tuesday. The report also put Iran’s recoverable natural gas reserves at 33.33 tril...
February 5, 2019

Saffron options contracts to be launched by March 20

TEHRAN- Given the widespread welcoming by market participants for launching futures and certificates of deposit for saffron trade at Iran Mercantile Exchange (IME) and its positive impact on transparency of the price of saffron and the elimination of i...
February 5, 2019

VP inaugurates industrial, health projects worth $176.5m

TEHRAN- In his one-day journey to the west-central province of Hamedan, Iranian First Vice-President Es’haq Jahangiri inaugurated several industrial and health projects at the value of around $176.5 million in the province, IRNA reported on Tuesday.
February 5, 2019

Iran not to allow U.S. to reduce its oil to zero: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said his country will not allow the United States to reduce its oil exports to zero, Shana reported.
February 5, 2019

Sufficient, proper fertilization provided for future crops: CEO of ASSC

Sufficient and proper provision of fertilization has been carried out for future crops, the Public Relations and International Affairs Dept. of Agricultural Support Services Company (ASSC) reported.
February 5, 2019

Iran “Never Accepts INSTEX’s Humiliating Conditions”

Iran Never Accepts INSTEX’s Humiliating Conditions: Judiciary Chief Iranian Judiciary Chief Ayatollah Sadeq Amoli Larijani said the country would never accept the “humiliating conditions” of the European Union’s financial mechanism for trade with Iran known as INSTEX, including Iran’s accession to the Financial Action Task Force (FATF). “After 9 months of procrastination and negotiation, Europeans […]
February 4, 2019

‘Private sector should be in charge of Iran’s gas network management’

TEHRAN - The managing director of National Iranian Gas Company (NIGC) said the company is planning on putting the country’s private sector in charge of managing the gas network, Shana reported on Sunday.