open-iran
 
Iran’s annual GDP growth at 12.5%: CBI

Iran's growth of gross domestic product (GDP), including oil sector, hit 12.5 percent in the previous Iranian calendar year 1395 (ended on March 20, 2017), the Central Bank of Iran (CBI) reported.

Wheat production in Iran to hit 13.5m tons this year: FAO

According to the latest report of UN Food and Agriculture Organization (FAO) Iran will produce 13.5 million tons of wheat in 2017.

22 Iranian Banks Link Up With Oberbank

The central banks of Iran and Austria have closer relations while Iranian banks have established 22 correspondent relations only with Oberbank

Tehran, Vienna seek deeper economic ties

Iranian Finance Minister Ali Tayyebnia and Industry Minister Mohammadreza Nematzadeh in separate meetings with Austria’s Federal Minister of Finance Hans Jörg Schelling on Saturday and Sunday sought avenues for increasing economic and banking ties b

Restoration of Roudkhan Towers Progressing Well

Restoration of the towers of Roudkhan Castle, a historical site in the northern province of...

5 Foreign Banks Licensed by Iran

The Central Bank of Iran has released the names of 40 registered banks and credit institutions...

Iran's non-oil GDP growth stands at 4.6% in autumn

The latest report released by the Central Bank of Iran shows the country’s non-oil gross domestic product grew by 4.6 percent during the autumn last year.

EEU Closer to Free Trade Deal With Iran

The Moscow-led Eurasian Economic Union aims to finalize a free trade deal with Iran by the...

UNESCO to Vote on Yazd Heritage Status

The ancient city of Yazd in central Iran will be considered for world heritage status this year...

Iran-S. Africa trade planned to hit $2b by 2021

Iran and South Africa have planned to boost the volume of their bilateral trade up to $2 billion by 2021, an official in Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Shahram Khasipoor announced on Sunday, IRNA reported.

Annual exports of fisheries, fish products hit $900m

More than $900 million of fisheries and fish products was exported from Iran during the past Iranian calendar year (which ended on March 20), according to Hassan Salehi, the head of Iran’s Fisheries Organization.

Agricultural exports fetch Iran $5.7 billion

Iran exported 5.81 million tons of agricultural products worth $5.686 billion in the past Iranian calendar year 1395 (March 2016-March 2017, Deputy Agriculture Minister Abdolmahdi Bakhshandeh said on Wednesday

Post-JCPOA trade with EU up 79%

European Climate Action and Energy Commissioner Miguel Arias Canete has said trade between Iran and the European Union has increased by 79 percent since the implementation of the nuclear deal, known as JCPOA, in January 2016.

S.Korea's March crude imports from Iran hit record high

South Korea's intake of Iranian crude oil soared to a record high in March and its first-quarter crude imports from Iran nearly doubled on year, reflecting Tehran's efforts to raise output after the lifting of sanctions early last yea

Foreign investment in Iran’s capital market surged under Rouhani

Foreign investment in the Iranian capital market has witnessed a sharp rise since President Hassan Rouhani took office in August 2013, IRNA quoted Finance and Economic Affairs Minister Ali Tayyebnia as saying.

‘Iranian companies main contractors of new South Pars projects’

Domestic companies were the main contractors of the five newly inaugurated phases of the South Pars gas field (both in terms of investment and technology) and foreigners just supplied some equipment, Oil Minister Bijan Namdar Zanganeh told the Tehra

Foreign investment in Iran hits $12b annually: fin. min.

Iran attracted $12 billion in foreign investment during the past Iranian calendar year (ended on March 20), ISNA quoted Finance and Economic Affairs Minister Ali Tayyebnia as saying.

Turkey’s imports from Iran doubled in 2 months

Exports of Iranian goods to Turkey doubled in January and February 2017 and reached $1.15 billion, Tasnim news agency reported.

Non-oil trade hits $87.6b, up 4.3% yr/yr

Iran’s non-oil trade reached $87.646 billion in the past Iranian calendar year (March 2016-March 2017), an increase of 4.34 percent compared to its preceding year.

Iran 95% self-sufficient in water, electricity equipments: energy min.

Iranian Energy Minister Hamid Chitchian said that more than 95 percent of Iran’s equipments needed in water and electricity sectors are produced inside the country, IRNA reported.

Annual petchem exports anticipated to reach $9b

-Iran’s worth of annual petrochemical exports is forecast to hit near $9 billion by the end of current Iranian calendar year (March 20), National Petrochemical Company (NPC) Managing Director Marziyeh Shahdaie told IRNA on Wednesday.

Petchem exports from Iran hit $10b since last March

Iran has exported 19 million tons of petrochemical products worth $10 billion since the beginning of the current Iranian calendar year (March 20, 2016), National Petrochemical Company (NPC) Managing Director Marziyeh Shahdaie announced on Sunday.

Exports of oil products hit unprecedented 450,000 bpd

Iran has exported 450,000 barrels per day (bpd) of oil products for the first time on average during the current Iranian calendar year, ending March 20, 2017, IRNA quoted an oil official as saying.

Iran’s steel exports to Europe noticeably rise during 2013-16

Europe’s steel imports from Iran has increased by nearly eight times between 2013 and 2016, placing the country at the third spot next to China and India .

Crude steel exports up 45% in 10 months

Iran’s major steel producers exported 4.4 million tons of crude steel during the first ten months of the current Iranian calendar year (March 20, 2016-January 19, 2017), registering a 45 percent rise compared to the same period in the previous year.

Sanctions lift opens door to €10b of energy projects in Iran

After the removal of sanctions against Iran, once again the country has become an attractive market for the world’s renowned energy companies so that more than €10 billion worth of energy projects has been proposed by foreign companies, Energy Minis

Iran’s crude steel output ascends 11% in 2016: WSA

According to the latest report published by the World Steel Association, Iran produced 17.89 million tons of crude steel in 2016, registering an 11-percent growth compared to the figure in 2015, IRNA reported.

Tehran, Antalya chambers of commerce interested to expand economic ties

The Chairman of Antalya Chamber of Commerce and Industry (ACCI) Davut Çetin has voiced the Turkish city’s interest in boosting trade relations with Iran.

Annual oil income projected to hit $41b: Zanganeh

Iranian Oil Minister Bijan Namdar Zanganeh has estimated the country’s oil revenues to reach $41 billion by the end of the current Iranian calendar year (March 20, 2017).

Crude steel exports from Iran’s major producers up 55% in 9 months

Iran’s eight major steel producers exported 4.12 million tons of crude steel in the first nine months of the current Iranian calendar year (March 20-Decemebr 20, 2016), with 55 percent rise from the same period of time in the previous year, IRNA rep

Steel exports seen to rise by 50%

Iran’s exports of crude steel and related products are forecasted to rise by 50 percent in the current Iranian calendar year, which ends on March 20, 2017.

What to Know About Doing Business in Iran By Matthew Spivack

Foreign companies, foreign governments, and Iranians expected to see improvements to Iran’s investment climate after implementing a nuclear deal and sanctions relief in the country. But peruse some of the recent headlines about Iran, and you might wo

Tehran, Wellington may reach $1b trade turnover: New Zealander min.

The visiting New Zealand’s Trade Minister Todd McClay, during the Saturday meeting held to investigate Iran-New Zealand trade opportunities in Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), expressed hope that the two sides wi

India mulls $20 billion investment in Iran

India is inclined to invest up to $20 billion in Iran, Petroleum and Natural Gas Minister Dharmendra Pradhan has said.

Govt. to back investments in Iran: Slovenian president

TEHRAN- “Slovenian administration will encourage the country’s investors to expand their activities in Iran and will support their investments in the Islamic Republic,” the Slovenian President Borut Pahor announced during Iran-Slovenia Business Forum

Drought, floods, water stress cost companies $14b

Droughts, water scarcity and stricter environmental regulations cost businesses a reported $14 billion (£11 billion) this year, up from $2.6 billion in 2015. Yet companies still aren’t doing enough to protect themselves from water risks, according to

Drought, floods, water stress cost companies $14b

Droughts, water scarcity and stricter environmental regulations cost businesses a reported $14 billion (£11 billion) this year, up from $2.6 billion in 2015. Yet companies still aren’t doing enough to protect themselves from water risks, according to

Dow's record rally; Buffett buys airlines; Yuan in focus

1. A record-setting run: The Trump stock market rally seems to have petered out in other parts of the world.

OPEC points to even bigger 2017 oil surplus

The Organization of the Petroleum Exporting Countries (OPEC) reported an increase in its oil production in October to a record high led by members hoping to be exempt from the producer group's attempt to curb supply, weighing on prices and pointing t

Austria to open banks in Iran to help trade

Austria plans to establish several banks in Iran in what could make it the first European country to take the initiative to facilitate post-sanctions trade activities with the Islamic Republic.

Kish to host marine conference, exhibition

The Eighteenth Marine Industries Conference will be held on Kish Island from October 18 to 21 concurrently with the Eighth International Maritime and Offshore Technologies Exhibition.

MSC: Iran’s annual steel production to hit 55m tons by 2025

Iran plans to increase its annual steel output from current 17 million tons to 55 million tons by 2025, announced the managing director of Mobarakeh Steel Company (MSC) in inaugural of the Second Iranian Iron and Steel Conference in Isfahan.

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Italy for broadening of economic ties with Iran

Italy has voiced willingness to expand economic and industrial relations with Tehran.

Iran to become strategic titanium producer

ran's first titanium production plant will be operational within six months, said the manager of the Kahnuj titanium pilot project.

Annual petchem output capacity to hit 61.5m tons

A senior petrochemical official said Iran's petrochemical production capacity will cross 61.5 million tons by March 20, 2017.

Iran signals more willingness for OPEC action to boost oil price

Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month.

Turkey planning to build power plant in Iran

Turkey's Unit International has concluded talks with Iran on investing $3 billion on the construction of a 5,000-megawatt power plant in Iran once the government gives the go-ahead to sign the deal.

Iran oil exports to Asia up 47.1% in June

The latest figures revealed that Iran’s exports of crude oil to four major buyers in Asia in June jumped 47.1 percent from a year ago to the highest level in more than four years, evidence Tehran's moves to recoup market share, lost under nuclear san

WB: $30b of Iran's frozen assets released

The World Bank said a landmark nuclear deal that Iran signed with the P5+1 last year has already enabled the country to gain access to as much as $30 billion of its assets that had been frozen as a result of the sanctions.

Iran eyes investing $12b in water projects

Iran plans to invest at least $12 billion in its sewage and water systems, announced Iran's energy minister in London.

Iran, Italy ink four MoUs to broaden bilateral ties

Iranian and Italian officials in a meeting in Sari signed four memoranda of understanding (MoUs) to further expand their mutual cooperation in different areas, especially in trade and economic fields.

Chitchian: UK banks should play more active role in trade with Iran

Minister of Energy Hamid Chitchian said on Tuesday that British banks should play more active role in the expansion of trade cooperation with Iran.

Asia’s Iran oil, gas imports up; petchems shipped to UK

Parsian Gas Refinery processed 1.8 million barrels of natural-gas condensate in the two months to May 20, said the refinery's managing director.

Iran looks to Iraq as a big market for trade

Iran finds neighboring Iraq its closest ally in the Arab world as well as a big market for its domestically produced goods.

‘Tehran, Ashgabat after huge goods-for-energy barter’ Wed Jun 29, 2016 7:35AM HomeIranEconomy

An Iranian Petroleum Ministry official says Iran and Turkmenistan have envisioned a $30bn barter deal in their economic exchange.

‘Smart money’ moving towards Iranian capital market: IFB CEO

To reach an average 8 percent economic growth during the next five-year period, according to decree of the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei, and following withdrawal of the financial embargo in January, the Iranian administr

Single-digit inflation rate achieved in Iran: CBI

TEHRAN- The Central Bank of Iran (CBI) has announced that the inflation rate for the 12-month period ended in the last day of the third Iranian calendar month of Khordad (June 20) compared to the same period in the previous year hit 9.7 percent, the

Indonesian minister due in Iran for oil deal

Iranian Minister of Petroleum Bijan Zangeneh will meet his Indonesian counterpart in Tehran on Monday to discuss fresh energy cooperation, the Shana news agency says

Iran to amend its new oil deals

Only months after Iran announced a new format of oil sector contracts, indications are appearing that the country may make some key changes in them

Turkish firm to build several natural gas power plants in Iran

Turkey’s Unit International has sealed a multi-billion dollar deal with Iran for the construction of several natural gas power plants in the country

Iran's three-month economic growth hits 2%

Iran's economic growth stood at two percent in the three month from December 22 to March 19 which corresponds to the last quarter of the previous Iranian year, said government spokesman Mohammad Baqer Nobakht at a press conference in Tehran.

British travelers flock to Iran

Iran is appearing on the travel itineraries of an ever-increasing number of British holidaymakers, following a thaw in diplomatic relations between the Islamic Republic and the West.

US company seeks Iranian petrochemical products

An Iranian energy official said a US company is interested in purchasing petrochemical products from Iran.

‘OMV ready to resume Iran oilfield work’

Austrian energy company OMV has announced its readiness to resume developing the Cheshmeh Khosh oilfield in western Iran, a report says

10MW Wind Power Plant

Khaf is located in Khorasan Razavi, Iran and has a great potential of wind energy. Ministry of Electricity of Iran (MoE) has established new incentives for wind farm developers including Guaranteed Power Purchase Agreement (GPPA) with a high price f

Iran tourism industry attracting attentions

Attractions of Iran’s tourism industry are drawing a stronger attention now that the country has opened its doors in light of the removal of economic sanctions last month

KT&G expands business in Iran

KT&G is expanding its business in Iran as the Islamic country is requesting more investment from Korea’s largest tobacco firm, company officials said Wednesday

Japan Set to Resume Business With Iran

TOKYO—Japan signed an investment treaty with Iran on Friday, joining China and others in a scramble for business as sanctions on the Middle East’s second-largest economy are lifted

Germany, Japan to jointly invest in Iran’s projects

Germany and Japan, the two countries that seem firmly determined to reenter the Iranian market seek to invest in various petrochemical projects of Iran

Germany, Japan to jointly finance Iran's petrochem projects

German Linde Group jointly with Japanese MITSUI & CO., LTD. will invest in various Iranian petrochemical projects, Marzieh Shahdaei, the director for projects at Iran’s National Petrochemical Company (NPC) said

Yazd, Arasbaran nominated for global registration

Iran nominated Arasbaran Protected Zone in East Azarbaijan Province and the historical city of Yazd for 2017 UNESCO World Cultural Heritage listing, said Mohammad Hassan Talebian, the deputy head of Iran’s Cultural Heritage, Handicrafts and Tourism O

Iran Is Back in Business

ostracized as a pariah for almost four decades, Iran is back in business in a mere ten days—and with both East and West

Iran Opening Stirs New Interest From Businesses

Executives cautiously explore potential for ties; first oil shipment to Europe expected next month TEHRAN—Iran is pushing full throttle to re-establish business with the rest of the world as Western companies move cautiously to renew ties abandoned

Iran hopes for $50bn in investment as sanctions lifted

Iran’s president promised a flood of investment as Iranians celebrated the lifting of sanctions that have left the country outside the global economy for more than a decade

Iran to buy more than 100 aircraft as boom time beckons

A purchase of more than 100 aircraft from Europe's Airbus may be one of Iran's first big deals in a trade and investment boom that could reshape the economy of the Middle East

German Companies Could Invest 12 Billion Euros In Iran’s Petrochemical Sector

German companies have proposed a 12 billion euro worth of investment in Iran’s petrochemical projects, Abbas Sheri Moqaddam, Iran’s deputy oil minister said without unveiling further details

Denmark Plans Wind Energy Investment In Iran

Another European country has expressed intentions to support the development of the renewable energy sector in Iran

Denmark Ramps Up Renewable Investment In Iran

Many nations have expressed their willingness to invest in Iran once the western sanctions against the country’s nuclear program are lifted

Zagros Green Fuel Development Company

Ethanol fuel is ethanol (ethyl alcohol), the same type of alcohol found in alcoholic beverages. It is most often used as a motor fuel, mainly as a biofuel additive for gasoline in order to increase the Octane Number of fuel instead of MTBE .This pro

Zagros Green Fuel Development Company

Ethanol fuel is ethanol (ethyl alcohol), the same type of alcohol found in alcoholic beverages. It is most often used as a motor fuel, mainly as a biofuel additive for gasoline in order to increase the Octane Number of fuel instead of MTBE .This pro

Sabz Dasht Sarvestan Petrochemical

: natural gas turned into methanol and then with different processes methanol changed into propylene. Ifra productions of propylene consist of: polypropylene. Resins. Astylen and other hundreds matters

capacities and capabilities of Zanjan province

Specific geographical location of the province from point of locating on energy corridor and easy access to main transferring lines of petroleum, gas and other petroleum products and also it`s access to the electric power transferring lines

Investment opportunities in tourism in Yazd

YAZD (Tasnim) – Each year, millions of Iranian and foreign tourists visit the 5000-year-old city of Yazd located in central Iran. Yazd is an architecturally unique city and is also known in Iran for the high quality of its handicrafts, especially sil

Iran eyes Russia for petrochemical exports

Iran is eyeing the Russian market for sales of petrochemical products as prices in Europe continue to fall with the decline in international crude and naphtha rates.

Bearing 240 head of milk cows

A capability of Mazandaran Province is producing considerable livestock. It produces 10% of milk, 7% of red meat, and 11 % of white meat of Iran

Processing and Packaging of Herbal Medicines

Based on Stats more than 60 percent and 74 percent of British, German and Belgian people have tend to use natural and herbal treatments. That's why many experts of present century, the name Return to use of herbal medicines are called.

Ilam

The Kabir Kuh mountain range lies east of the city. From the west it borders Iraq. The city is populated by Kurds and its primary language is Kurdish

Iran lines up $25 billion energy investment

Iran has put together a package for $25 billion of investment in its booming power industry which is key to the country’s economic recovery, head of Iran Power Transmission, Generation and Distribution Company (Tavanir) says.

Iran prepares to open up to foreign oil companies

It is customary in Iran to refuse an offer several times before agreeing to take it, whether it be an invitation to tea or a business deal. Foreign energy companies are gearing up to play the same game of manners during negotiations over the terms of

Iran Deal Milestone Starts the Clock on Oil Sanctions Relief

World powers and Iran set the clock ticking Sunday on a landmark accord placing limits on the Islamic Republic’s nuclear work in return for access to oil and financial markets.

Russia and Iran consider bank to finance joint projects

Russian Energy Minister Aleksandr Novak is in Iran to discuss energy cooperation. Among the proposals is setting up of a bank to boost joint projects.

This ex-Deutsche Bank tech expert quit his job to risk everything on Iran's coming economic boom

Iran's economy is set to get a once-in-a-generation boost when a deal to lift international sanctions gets finalized in a few months.

Iran Could Trigger A Resource War On Several Fronts Other Than Oil

As has already been discussed at length, once the economic sanctions imposed by the U.S. and the European Union on Iran begin to be lifted next year, there is going to be a surge in the already oversupplied global crude oil markets. The current world

Iran invites all, including US-based companies, to make oil, gas investments: Minister

Iranian Industry, Trade and Mining Minister Mohammad Reza Ne’matzadeh has said all global companies, including U.S.–based ones, can make oil and gas exploration investments in Iran, which has already identified 300 investment projects that will be an

Volatility in the O&G market

Malaysia’s O&G industry had once experienced the positive impact of stable global oil prices as throughout 2013 and the first part of 2014, the local bourse (Bursa Malaysia) saw a rapid rise in the listing of O&G companies while O&G projects both dom

Iran urges Koreans to invest in oil plans

A senior Iranian official on Tuesday welcomed South Korean investment in his country, stressing that there is a huge potential for South Korean companies to benefit by investing in Iran’s energy sector projects.

Austrian firms sign partnership deals in Iran during state visit

Austrian companies signed a series of deals with Iranian partners on Tuesday, becoming the first Western firms to put down concrete stakes in the Islamic Republic since it reached a landmark nuclear deal with big powers in July. Austrian businesses i

Obama musters more Senate votes for Iran nuclear deal

U.S. Senate Majority Leader Mitch McConnell (R-KY) (2nd R) returns to his office after delivering remarks on the Senate floor at the U.S. Capitol in Washington September 8, 2015. REUTERS/JONATHAN ERNST

Iran is a large and resource-rich economy: Philip Hammond ‘Iran has a proud history and culture, and a highly educated population’

Iran is a large, well-educated and resource-rich economy, with a young population eager for re-engagement with the world, British Foreign Secretary Philip Hammond said in an article published on the August 27.

Picking winners in the race to Iran

The third-largest economy in the Middle East has a young, educated populace ready to spend. But U.S. businesses will face big ­hurdles in the country—if they can get there at all.

Investment in Iran’s Petrochemical Sector Could Reap Large Returns for Nimble Investors Willing to Stomach Significant Risk, IHS Says

ran offers low-cost feedstocks and access to large domestic and major foreign markets, but needs infrastructure and technology investments to grow

France's ADPI to invest in Iran airport projects

Iran says a leading French company specializing in airport architecture and engineering has voiced interest in the development of three key airport projects in the country.

Japanese companies may be next to invest in Iran’s rich mineral reserves

Japan’s leading steelmakers have announced interest in Iran’s mining projects, including production of precious metals such as titanium.

Iran may soon be open for business, but not to US firms

A landmark agreement on Iran's nuclear program this week could lift sanctions that have crippled the country's economy, opening a nation with a young and educated population, the world's fourth-largest proven oil reserves, and factories badly in need

Iran to open door to oil investment as companies eye return

Tekegraph, International oil companies are lining up to return to Iran as new contract terms take shapetE

Iranian finance, energy sectors could soar on deal

Outside of Iran, not all experts are as optimistic. "It's too soon for any major economic relief in Iran," said Alireza Nader, an expert on Iran's powerful Revolutionary Guard at the Rand Corporation think tank.

Iran's economy moving from bad to less bad

The CEO of Turquoise Partners, the largest investment company in Iran that's licensed to do business with foreign entities, said he sees the impact firsthand. "The growth is most definitely attracting renewed interest in foreign investment from Asia

In Rouhani’s Iran, hopes fade for revival of sanctions-neutered economy

"We are in a very difficult time, a stagflation situation, and it is hard to drive policy in this environment, since any measure to trigger growth will have inflationary consequences," Ramin Rabii, managing director of Turquoise Partners, which manag

Sanctions Eased, Iran Gets Feelers From Old Trading Partners

“Most companies want to scope out the landscape,” said Rouzbeh Pirouz, the chairman of a Tehran-based investment firm, Turquoise Partners. “But I don’t think many of them will actually sign contracts and start putting money into this place very quick

Tax Holidays

There are two major types of direct taxes including income taxes and property taxes. Each category of direct taxes, in turn, is divided into sub-parts. Indirect taxes include taxes on imports and Value Added Tax (VAT). Taxes on imports are currently

Maku Free Trade Zone

Maku is a town in the northwestern Iranian province of West Azerbaijan. The Karasu River in Turkey lies to its north, and Nakhchivan Autonomous Republic, an exclave of the Republic of Azerbaijan, is to its east. Turkey and the Iranian town of Khoy ar

Anzali Free Zone

Anzali Free Trade-Industrial Zone is a wide area of Bandar Anazli about 3200 hectares and about 8 kilometers of sea border and up to 2 kilometers into the sea, which included industrial ,trade and commercial ,tourism and services sections. Anzali Fr

Chabahar Free Zone

City and Oman sea and 70th km of Pakistan border. Some part of its land area has been allocated for industrial activities while the rest part has been earmarked for trade, commercial services, residential, tourism and green area activities.

Resolving Insolvency

Below is a detailed summary of the strengths and weaknesses in existing insolvency regulations in four areas: commencement of proceedings, management of debtor’s assets, reorganization proceedings and creditor participation.

Protecting Minority Investors

Below is a detailed summary of the strength of minority shareholder protections against misuse of corporate assets by directors for their personal gain.

Getting Credit

Below is a detailed summary of two sets of issues—credit information registries and the effectiveness of collateral and bankruptcy laws in facilitating lending.

Dealing with Construction Permits

Below is a detailed summary of the procedures, time and costs to build a warehouse in Iran, Islamic Rep.

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