January 29, 2019

Germany says EU soon to launch Iran funding scheme

The European Union is on the verge of launching an alternative channel to send money to Iran that would sidestep U.S. sanctions against the Islamic republic, Germany’s foreign minister said Monday.
January 29, 2019

South Pars refineries account for refining 74% of Iran’s gas

TEHRAN- South Pars refineries account for refining 74 percent of gas produced in Iran, according to the managing director of South Pars Gas Company (SPGC).
January 29, 2019

Iran, Syria ink 11 long-term strategic co-op agreements

TEHRAN- Iran and Syria signed 11 long-term cooperation agreements during a two-day visit of a high-ranking Iranian delegation led by First Vice President Es’haq Jahangiri to Syria.
January 29, 2019

2018 – Iran’s “Year of Shame”: Amnesty International

Iran’s ‘year of shame’: More than 7,000 arrested in chilling crackdown on dissent during 2018 The Iranian authorities carried out a shameless campaign of repression during 2018, crushing protests and arresting thousands in a wide-scale crackdown on dissent, said Amnesty International, a year after a wave of protests against poverty, corruption and authoritarianism erupted across […]
January 29, 2019

Iran, Syria strike several economic deals

Iran and Syria sign several key economic agreements focusing on trade, industry, and agriculture.
January 28, 2019

‘Talks with 8 countries over using cryptocurrency in monetary transactions going on’

TEHRAN- “Starting a new chapter in its international monetary transactions to circumvent U.S.-led sanctions, Iran is in negotiating the use of cryptocurrency in its financial transactions with eight countries,” the acting head of Iran's Trade Promotion...
January 28, 2019

Gas condensate production, storage begins in South Pars phase 13 refinery

TEHRAN- Production and storage of gas condensate began in the refinery of South Pars gas field’s phase 13 of development, Sasan Arabi, who is in charge of offshore operation of the phase, announced.
January 28, 2019

Iran starts constructing a petro-refinery complex on Oman Gulf coast

TEHRAN – Iran’s National Petrochemical Company (NPC) kicked off the construction of a petro-refinery complex in Jask Island on the shores of the Gulf of Oman in southern Iran, IRNA reported on Sunday quoting an official with NPC.
January 28, 2019

4th round of offering oil at IRENEX on Feb. 4

TEHRAN- National Iranian Oil Company (NIOC) will offer one million barrels of light crude oil at Iran Energy Exchange (IRENEX) for the fourth time on February 4, Shana reported on Monday.
January 28, 2019

Shipping line established between Iran’s Chabahar Port, 3 Indian ports

TEHRAN- A shipping line was established between Iran’s southeastern port of Chabahar and three Indian ports of Mumbai, Mundra, and Kandla, an official in Iran’s Ports and Maritime Organization (PMO) announced.
January 28, 2019

Iraq “must not be Reliant on Iran”

By John Lee. The UK’s foreign office minister for the Middle East has reportedly said that Iraq must wean itself off economic reliance on Iran and become more energy self-sufficient. On a visit to Iraq on Sunday, Alistair Burt (pictured) told Reuters: “To expect Iran to have no influence in Iraq is fanciful … What […]
January 27, 2019

Over $523m worth of commodities traded in IME in a week

TEHRAN- During weekdays ending up to January 24, approximately 502,106 million tons (MT) of commodities worth over $523.8 million were traded on Iran Mercantile Exchange (IME).
January 27, 2019

Tehran hosting intl. venture capital conference

TEHRAN – The two-day Iran International Venture Capital and Private Equity Exchange Conference is being held in Tehran on January 27-28, IRIB reported on Sunday.
January 27, 2019

Value of exports from industry sector rises 13% in 9 months yr/yr

TEHRAN- The value of exports from Iran’s industry sector during the first nine months of the current Iranian calendar year (March 21 – December 21, 2018) rose 13 percent compared to the same period of time in the past year, ISNA reported on Sunday citi...
January 27, 2019

Iran-Syria economic cooperation meeting held in Damascus

TEHRAN- The 14th preparatory meeting of Iran-Syria high joint technical committee of economic cooperation began on Saturday at the Damascus-based Dama-rose Hotel, IRNA reported on Sunday.
January 27, 2019

Iran, Turkey consider preferential trade, bartering to develop mutual trade

TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and president of the Union of Chambers and Commodity Exchanges of Turkey (known as TOBB) met on Saturday to discuss various ways of developing bilateral trade includi...
January 27, 2019

What Iran’s Revolution meant for Iraq

By Bruce Riedel, Brookings Institution. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. What Iran’s Revolution meant for Iraq The collapse of the shah’s government in Iran in early 1979 impacted the entire world but no country was more affected than Iraq. Saddam Hussein’s regime […]
January 26, 2019

Above $309m of facilities paid to farmers in 9 months

TEHRAN- Some 13 trillion rials (about $309.5 million) of facilities have been paid to the farmers in the first nine months of the present Iranian year 1397 (March 21- December 21, 2018), the managing director of Iran Agriculture Investment Company anno...
January 26, 2019

Tehran to host Iran-Russia Joint Economic Committee meeting in mid-June

TEHRAN- The 25th meeting of Iran-Russia Joint Economic Committee is to be held in Tehran on June 18, 2019, IRIB reported on Saturday.
January 26, 2019

Capacity of generating electricity from renewables hits 680 MW

TEHRAN- The capacity of generating electricity from renewable resources has reached 680 megawatts (MW) in Iran, the Energy Ministry announced, IRNA reported on Saturday.