open-iran
 
Foreign Tourists in Kashan Up 62%

Around 16,300 foreign travelers visited the historical city of Kashan in Isfahan

Private Investments Restore Cultural Sites in Kerman

The private sector has spent over 400 billion rials ($10.6 m) on the restoration of cultural heritage...

Sina Bank Links Up With 2 European Peers

Iranian private bank Sina has opened accounts in the Spanish Ares Bank and Italian Banca...

Iran's Tejarat Bank Opening Branch in Norway

Tejarat Bank is to open a branch in Norway as Iran's banking ties with Norway gathers pace

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.

Eni, NIOC to ink oil, gas MOUs

Representatives of the Italian oil major Eni will arrive in Tehran on Tuesday to ink two memorandums of understanding (MOUs) with the National Iranian Oil Company (NIOC).

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.

Iran, Germany set to expand trade in horticulture

Iran and Germany are going to accelerate their trade cooperation in horticultural products and hybrid seeds, Iranian Agriculture Ministry’s official portal reported.

28 semi-governmental companies to be privatized

The Ministry of Finance and Economic Affairs has listed 28 semi-governmental companies that will be privatized by the current Iranian yearend (March 20, 2018).

Tehran seeks better banking ties with Seoul, New Delhi

Iranian Finance Minister Ali Tayyebnia met his South Korean and Indian counterparts in Seoul on Friday, discussing ways to improve banking cooperation between Iran and the two trade partners.

INSO Throws Weight Behind Halal Tourism

Following the announcement last week of the designing of an Iranian halal symbol, the...

Iran Eyes Visa Facilitation With East Asian Nations

Iranian tourism officials will discuss the possibility of relaxing visa regulations with China, Japan...

Iran Says $13b Korean Finance On the Way

Iranian Economy Minister confirmed reports of an imminent South Korean $13b credit line for Iranian projects

Nepal Airlines Pays Debt to Use Iranian Airspace for Reaching Doha

Nepal Airlines Corporation on Monday cleared around €10,000 in outstanding dues to Iran for...

Ayandeh Bank Financing SMEs

Ayandeh Bank is set to provide 3 trillion rials ($80 million) in loans to small- and medium-sized...

Iran FTZs Attracted $3b Since 2013

Some $3 billion worth of investments has been made in Iranian free trade zones since...

Rail development on track despite inefficiencies

The development of railway sector is one of the macro policies of the Iranian government as it has been emphasized by the general policies of the Sixth Five-Year National Development Plan (2016-2021).

Iran ships first consignment of wheat to Oman

Iran loaded the first 30,000-ton-consignment of wheat in ship to be exported to Oman, IRNA reported on Monday. According to a high ranking official in Islamic Republic of Iran Shipping Line (IRISL), Ali Akbar Ghanji, the loaded ship left Iran’s sout

Stock exchange deals value grow 141% in 5 years

The value of deals in Iranian stock exchange market rose 141 percent during the past five Iranian calendar years 1391-1395 (March 20, 2012- March 20, 2017), IRIB news reported on Monday.

Iran oil output rises in May: OPEC

Iran produced 3.795 million barrels per day (bpd) of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report released on Tuesday.

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

$500m Tourist Resort Planned in Chabahar

A tourist resort in the port city of Chabahar, Sistan-Baluchestan Province, has been planned to...

Iran Musuem Fees to Remain Unchanged

Museum entry fees will not be increased this year, the director of museum affairs at Iran's...

Iran Denies Banking Troubles With Turkey

Governor of the Central Bank of Iran Valiollah Seif has denied reports about Iranians having any...

17 New Foreign Investors Trade Iranian Securities

The Central Securities Depository of Iran issued 17 trading codes for foreign investors in Iran’s capital...

Austrian Bank Opens €1b Credit Line for Iran

Oberbank, one of Austria's biggest banks, has allocated a €1 billion line of credit to finance projects in Iran

Iranian trade delegation to embark for Croatia in early-July

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) plans to dispatch a trade delegation headed by ICCIMA Chairman Gholam-Hossein Shafeie to Croatia from July 4 to 7, 2017, the official website of ICCIMA announced.

Tehran to host intl. kitchen, ceramic exhibits

Iranian capital will host the 15th Kitchen, Bath, Sauna and Pool Industries and Equipment International Exhibition and the 24th International Exhibition of Ceramic Industries at Tehran’s International Permanent Fairgrounds from June 30 to July 3, 201

Iran’s Aseman concludes purchase of 60 Boeing aircrafts

Iran’s Aseman Airlines sealed a deal in Tehran on Saturday with the American manufacturer Boeing on purchasing 60 aircrafts.

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

Europe Money Transfer Via Saman

Saman Bank is now able to transfer money to European banks without any hurdle, the...

N. Delhi Okays Capital Markets MoU With Tehran

The Indian government approved on Thursday a memorandum of understanding signed by...

ICCIMA to dispatch trade delegation to Luxembourg, Belgium in mid-July

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is planning to dispatch a trade delegation to Luxembourg and Belgium on July 11, ICCIMA portal reported.

South Pars phase 13 refinery joins national gas network

Refinery of phase 13 of developing Iran’s South Pars gas field (in the Persian Gulf) was connected to the country’s national gas network, Payam Motamed, the operator of the phase, announced.

Iran Air managing director elected to IATA board of governors

- Managing director of the Airline of the Islamic Republic of Iran, Iran Air, was chosen as a member of the board of governors of the International Air Transport Association (IATA), IRNA reported citing Iran Air portal.

Iran's car production up 9.8% in 2.5 months

Iranian carmakers manufactured 233,118 vehicles in the first 2.5 months of the current Iranian calendar year (March 21-June 5) with 9.8 percent rise compared to the same period of time in the previous year, according to Amir-Hossein Qanati, the spok

Kerman Heritage Sites Ceded to Private Sector

Two heritage sites in the southeastern province of Kerman, owned by the Revitalization...

Restoration of Roudkhan Towers Progressing Well

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

Visitors Need to Register Arrival in Russia

Iranian nationals visiting Moscow, Saint Petersburg, Kazan and Sochi in Russia from...

Iran Visa Easy to Obtain for American Tourists

American citizens currently face no ban or obstacle for travelling to Iran and can apply for...

5 Foreign Banks Licensed by Iran

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

Indian Aluminum Company Puts Iran Project on Hold

India’s National Aluminium Company Ltd., otherwise known as NALCO has put...

ICCIMA Delegation to Visit Croatia

At the helm of a commercial delegation, President of Iran Chamber of Commerce...

Non-oil export exceeds $2.7b in a month

Iran exported over 800 million tons of non-oil products worth $2.722 billion in the first month of the current Iranian calendar year, Farvardin (March 21-April 20), ISNA reported on Monday.

Transit of goods jumps 8.6% in 2 months

Iran exported 1.44 million tons of goods during the first two months of the present Iranian calendar year (March 22- May 21, 2017) via its land and maritime borders, showing 8.6 percent increase compared to the same period in the previous year.

Billion-dollar Qatari food market on tap

The Saudi-led severing of diplomatic ties with Qatar has provided a unique opportunity for Iran to tap into the billion-dollar food market of its Persian Gulf neighbor.

Iran's IMIDRO World’s 25th Biggest Steel Producer

Iranian Mines and Mining Industries Development and Renovation Organization was the world’s 25th largest...

Upbeat Prospects for Iran-Australia Ties

Recent improvements in the Iranian banking system such as the adoption of Financial Action Task...

Iran’s GDP growth estimated at 4% in 2017: WB

In its latest report, the World Bank (WB) predicted a four-percent growth for Iran’s gross domestic product (GDP) in 2017.

KSC Profits Triple

Khouzestan Steel Company’s profits in the last fiscal year (March 2016-17) surged over...

Import of containerized goods to Iranian ports up 40% in 2 months

Imports of containerized goods to Iranian ports increased by 40 percent in the first two months of the current Iranian calendar year (March 21- May 21, 2017) compared to the same period last year, IRNA quoted an official as saying.

Iran delivers its 1st domestically built catamaran sailboat to Turkey

First Iranian built catamaran sailboat was delivered to Turkey, IRNA reported on Thursday.

Free trade agreement discussed between Iran, Eurasian Economic Commission

Mahmoud Vaezi, Iran's minister of communications and information technology who is also the chairman of Iran-Russia Joint Economic Committee, and Veronika Nikishina, member of the board and also minister for trade of the Eurasian Economic Commission

Tehran, Yerevan sign MOU on expansion of trade ties

Iran and Armenian inked a memorandum of understanding (MOU) on the expansion of mutual trade relations, Iran’s Trade Promotion Organization (TPO) announced.

Iran Set to Connect With Top Malaysian Banks

After the lifting of some of Iran's sanctions following the nuclear accord, the country's banking...

Iranian trade delegation to be dispatched to China, Japan in mid-Aug.

The Trade Promotion Organization of Iran (TPO) is to send a trade, marketing and investing delegation to Russia from September 15 to 18 to explore avenues of exporting Iranian products to the country, the official website of TPO announced.

High-cost Sardar-e Jangal could bring Iran high-tech

Caspian Sea, the world’s largest inland body of water, was mainly a center of fishing activities and also a marine transportation hub by the middle of the past century. But discovery of the first oil and gas reserves in the world’s largest lake in th

2 Hotels Planned in Aras FTZ

The construction of two hotels will be complete by the end of the current Iranian year...

Turkish Banking Team Plans Iran Visit to Resolve Halkbank Dispute

A delegation from the Central Bank of Turkey will soon meet their Iranian counterparts in...

Bushehr Marine Ecosystem Studied for Heat Impact

The Department of Environment’s scientists have concluded a two-month-

TCCIMA to dispatch trade delegation to Kazakhstan in late June

Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) will dispatch a trade, marketing, and investment delegation to Kazakhstan from June 27 to July 1, the official website of TCCIMA announced.

Swedish Firm Invests in Iran Accessibility Products

A Swedish firm, MentMed AB, has signed a memorandum of understanding with Iranian medical firm ...

Bank Mellat Launches Anti-Fraud Software

Bank Mellat–a lender with extensive experience in designing and implementing banking...

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.

2nd Iran-Russia Energy Committee meeting due in coming days

An Iranian delegation is due to leave Tehran for Moscow in coming days (up to Friday, June 2) to attend the second round of Iran-Russia Joint Energy Committee meeting to be hosted by Russia, Shana reported on Monday.

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...

Boost in nominal petchem output capacity planned

The National Petrochemical Company (NPC) plans to increase its nominal production capacity by three percent to reach 86 percent by the end of the current Iranian calendar year (March 20, 2018).

Spanish Tourists to Iran Double

The number of Spanish tourists in Iran reached 9,761 in the last Iranian year...

UNESCO to Vote on Yazd Heritage Status

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

UN Experts to Assess Arasbaran, Fars Cities

UNESCO’s experts will travel to Iran in the summer to assess Arasbaran Forest and

Iran’s Long Economic Journey

The landslide reelection of Iran’s president, Hassan Rouhani, reflects the by

Iranian Steelmakers Bolster Presence in Thailand Market

Thailand is currently the world’s fourth largest importer of steel and Iran is...

EDBI Ready to Support Petrochem Projects

The Iranian petrochemical industry has the capacity to receive significant new investments...

Bank Sepah to Guarantee Foreign Investors

Bank Sepah is ready to review foreign investment projects in Iran and guarantee them...

Iran nears last steps to finalize deal with Daimler

Iranian Industry Minister Mohammadreza Nematzadeh announced on Wednesday that Iran is taking the last steps to finalize its cooperation agreement with the German multinational automotive corporation, Daimler, IRANA reported.

Iran, Belarus sign co-op agreement on customs data exchange

Iran and Belarus signed a cooperation agreement on exchanging customs information in Tehran on Wednesday, IRNA reported.

Iran tops OPEC nations in Q1 oil revenue increase

Iran’s oil revenue has increased about $15 million per day (m/pd) in the first quarter of 2017 compared to the last quarter of 2016, Bloomberg reported citing International Energy Agency (IEA).

Are they lucky enough to win Iran oil deals?

After the implementation of Iran’s landmark nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), in January 2016, the Iranian oil industry has witnessed a flock of foreign companies willing to participate in different projects.

Iran sells crude oil at $45.21 per barrel in a week

Iran sold its light crude oil at $45.21 per barrel in the week ended on May 12, with 21 cents decrease from its previous week, IRNA reported on Tuesday.

Iran signs $630m deal to produce strategic oil equipment

By signing a contract worth $630 million with an Iranian-Spanish consortium on Wednesday, Iran joined the world’s manufacturers of special pipes, which are of strategic importance in the oil and gas industry.

Asia’s biggest agro-food expo to kick off in Tehran today

The 24th International Exhibition of Food, Food Technology and Agriculture of Iran (Agrofood 2017) will kicks off today at the Tehran Permanent International Fairgrounds, IRIB news reported.

Persian Gulf nations tend to buy Iranian gas

The National Iranian Gas Company’s managing director Hamidreza Araqi told IRNA on Sunday that Persian Gulf nations are willing to buy Iranian gas.

West Karoun oilfields, IP gas pipeline projects prioritized

Iran’s First Vice-President Es’haq Jahangiri has tasked the Oil Ministry with implementing 11 prioritized projects in the oil and gas sector by the end of the current Iranian calendar year (March 20, 2018).

First VP announces prioritized economic programs

Iran’s First Vice-President Es’haq Jahangiri has tasked the Ministry of Finance and Economic Affairs with implementing 14 prioritized programs by the end of the current Iranian calendar year (March 20, 2018).

Rouhani secures second term with landslide victory

Hassan Rouhani reelected president in the Friday election, after a month of heated competition with conservative rivals.

Iran's 2-month electricity exports tripled

-Iran's exports of electricity to its neighboring countries tripled in the first two months of the current Iranian calendar year, which began on March 21, compared to the same period last year, Fars news agency reported on Friday quoting an energy of

OPEC meeting: another winning chance for Iran

As one of the key players in the world’s political and economic turnovers, oil market has been witnessing lots of ups and downs in recent years.

Iran election 2017 results: Rouhani takes commanding lead over Raisi

Incumbent President Hassan Rouhani, who sought re-election in the Friday election, has taken a wide lead in the polls, wining 14,619,848 votes so far.

EAEU, Iran agree on consultation co-op: Putin

Eurasian Economic Union (EAEU) and Iran have agreed to launch consultation cooperation, Russian President Vladimir Putin said on Monday.

Iran plans 800km railway network expansion by March 2018

The national railway network is projected to be expanded by 838 kilometers in the current Iranian calendar year, which ends on March 20, 2018, IRNA quoted transport minister as saying.

4 ATR airplanes to arrive in Tehran tomorrow

The first four of the passenger jets, 72-600 turboprop aircraft, purchased from the European plane maker ATR, will land in Tehran’s Mehrabad International Airport on Wednesday, Iranian Deputy Transport Minister Asghar Fakhrieh Kashan told IRNA on Tue

Tehran to host 1st Iran-Latin America mining co-op meeting on Monday

The first Iran-Latin American countries joint meeting on cooperation opportunities in mining sector is due to be held in Tehran on Monday, IRNA reported.

More cities to be connected to national railway network

Capital cities of five more provinces will be connected to the country’s national railway network in the current Iranian calendar year (March 2017- March 2018), IRNA reported quoting a railway official.

Iran in talks with Europe on gas export

National Iranian Gas Company (NIGC)’s Managing Director Hamidreza Araqi said Iran is in talks with European countries to export gas to Europe, ISNA reported on Saturday.

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.

OMV says talks with NIOC on settlement almost finished

The chief executive of Austrian energy group OMV said on Thursday that talks with National Iranian Oil Company (NIOC) on settling outstanding claims which have hindered OMV from investing more in the country were almost finished.

Iran welcomes China’s new Silk Road initiative

Iranian Minister of Finance and Economic Affairs Ali Tayyebnia has welcomed the idea of reviving the Silk Road proposed by China, underlining that the plan will fortify ties and solidarity among countries along the ancient road.

U.S. company to help Iran build equipment for oil, gas industry

An American company is to start cooperating with Iran on manufacturing oil and gas equipment for the country, IRNA reported on Wednesday quoting an Iranian official.

Iran-Austria business forum held in Tehran

Iran-Austria Business Forum was held in Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) on Monday, IRIB news 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.

Iran starts exports from South Pars oil layer

Iran exported the first cargo of crude oil to the tune of 700,000 barrels from the South Pars oil layer last week.

Europeans see huge potential in Iran’s energy market

European exhibitors participating in the 22nd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2017) believe that there is huge potential for business in Iran’s oil, gas and petrochemical sectors.

Persepolis Football Club Goes to the North Pole!

The flag of Persepolis Football Club is going to be raised in the North Pole for the first time in the world.

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

Iranian trade delegation to visit Astana

Trade Promotion Organization of Iran (TPO) is to dispatch a trade, marketing, and investment delegation to Kazakhstan from June 28 to 30, the official website of TPO announced.

Iran to dispatch marketing delegation to Moscow

The Trade Promotion Organization of Iran (TPO) is to send a trade, marketing and investing delegation to Russia from September 15 to 18 to explore avenues of exporting Iranian products to the country, the official website of TPO announced.

7 new petchem projects planned to come on stream by Mar. 2018

Seven new petrochemical projects are planned to be implemented in the country by the end of current Iranian calendar year (March 20, 2018), Shana quoted Ali-Mohammad Bosaqzadeh, the production control director of National Petrochemical Company (NPC),

Iran backs extension of OPEC, non-OPEC deal: Zanganeh

Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday that Iran will back the extension of output cuts if the majority of OPEC and non-OPEC nations do so, Shana reported.

Renault’s sales in Iran rise 161.5% in Q1

Renault’s sales in Iran rose sharply (161.5%) for a market share of 9%, up 4.9 points, in the first quarter of 2017 compared to the same period of time in 2016, the company’s international website reported.

37 countries to participate in Iran Oil Show 2017

The 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2017) will be hosting renowned companies from over 37 countries all over the globe from May 6 to 9 at Tehran Permanent International Fairgrounds.

Iran, Europe exploring further banking ties in Tehran forum

European bankers attending the fourth edition of Iran-Europe banking and business forum in Tehran’s IRIB International Conference Center are investigating avenues of expanding banking partnership with Iran, Tasnim news agency reported on Saturday.

Asia’s March imports of Iranian oil rises 27% yr/yr

Iran’s four main Asian oil buyers imported nearly 27 percent more oil from the country in March 2017 compared to March 2016 as Iran took advantage of its exemption from a production cut agreed by OPEC and some other major producers.

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.

Tehran to host Iran-Europe banking forum in late-April

The fourth edition of Iran-Europe banking and business forum is due to be held at IRIB international conference center in Tehran on April 29 and 30, Mehr news agency reported.

Iran’s cross border trade improved in 2017: World Bank

The World Bank in its recent report titled “Doing Business 2017” said that Iran has improved its trading across borders through applying the national single-window system.

Iran ranks as No.2 oil supplier to South Korea 1st time for a quarter

Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after sanctions were lifted last year, the first time ever it has claimed the No.2 spot for a quarter

Industry sector attracts $5.6b in foreign investment post-sanctions

Iran could manage to attract $5.6 billion of foreign investments in various domestic industrial projects as of the removal of international sanctions in January 2016, Iranian Industry Minister Mohammadreza Nematzadeh announced in a press conference

Iran, EU to broaden agricultural cooperation

In their first joint meeting with officials of Iranian Agriculture Ministry in Tehran, the visiting members of the European Parliament's Committee on Agriculture and Rural Development (AGRI) voiced readiness for transferring new technologies and inn

Post-JCPOA petchem industry 'promising': Zanganeh

The future of Iran’s petrochemical industry is promising after the implementation of JCPOA (Joint Comprehensive Plan of Action which lifted sanction against Iran in January 2016), Oil Minister Bijan Namdar Zanganeh said on Saturday.

Deal with Total probably finalized within a month: official

Iranian Deputy Oil Minister in International Affairs and Trading Amir Hossein Zamaninia said the deal with Total based on the new oil contracts (known as IPC) will be probably finalized at most within a month, ISNA reported on Sunday.

Over 200 foreign companies to attend Project Iran 2017 expo

Over 200 companies will attend the 3rd International Trade Exhibition for Construction Materials, Equipment and Technology of Iran (Project Iran 2017) which will be held at the Tehran Permanent International Fairgrounds from April 24 to 27.

Iran-EU trade up 171% in Jan.

The European Union’s trade with Iran amounted to €1.55 billion in January 2017, a 171 percent rise compared to the first month of 2016, based on the latest figures released by the European Union’s statistics agency Eurostat.

Iran, Russia ink MOU on fishery co-op

Iran and Russia signed a memorandum of understanding on cooperation in the fishery sector, IRIB reported on Tuesday.

IPF to bring world of petrochemicals together

The 13th edition of Iran Petrochemical Forum (IPF) will play host to 101 participants, representing 74 foreign companies from 18 countries.

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.

Iran, Pakistan ink MOU on banking co-op

The Central Bank of Iran (CBI) and the State Bank of Pakistan (SBP) signed an agreement on Banking and Payment Arrangement (BPA) aiming to strengthen banking ties between the two countries.

‘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

Bank loans to economic sectors rise 40% to $133b

The governor of the Central Bank of Iran (CBI) Valiollah Seif announced on Wednesday that banking loans paid to various Iranian economic sectors witness a 40-percent rise in the past Iranian calendar Year 1395 (ended March 20, 2017), as compared to t

Monthly car output up 27% yr/yr

Iranian car makers manufactured 124,691 vehicles in the last month of the past Iranian calendar year, Esfand (February 20-March 20), with 27 percent growth from 98,167 cars manufactured in the same month in its preceding year, ISNA reported on Wedne

President to inaugurate 4 petchem projects in coming days

Iranian President Hassan Rouhani will officially inaugurate four petrochemical projects in the coming days, IRNA reported on Wednesday.

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.

Companies from 18 countries to attend 9th ICM in Tehran

More than 40 companies from 18 countries are going to attend the 9th International Course on Islamic Capital Markets (ICM 2017) which is due to be held in Tehran on April 18-20.

Bavarian trade delegation to embark for Tehran

A German trade delegation from the southeastern state of Bavaria will be in Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on May 1, to negotiate expansion of ties with Iranian entrepreneurs, the official website of TCCIMA an

ATR voices readiness for supplying Iran’s ordered airplanes

ATR is proud of assisting Iran with revamping its air fleet via supplying its required airplanes, IRNA quoted Patrick de Castelbajac, the CEO of ATR, as saying on Wednesday.

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.

BP to operate joint North Sea field with Iran

BP and Iran's state-run oil company received a license from the U.S. Treasury last year to operate their joint gas field in the North Sea following the lifting of Western sanctions on Tehran, BP said on Thursday.

Iran to certify more companies for IPC soon

A second list of international companies qualified to bid for Iran’s new model of oil and gas projects, known as Iran Petroleum Contract, is going to be released within the next few days.

Talks with Mitsubishi ongoing despite Boeing deal, Iran says

Iran's Aseman Airlines said negotiations with Japan's Mitsubishi Aircraft Corp. on the purchase of passenger jets are still ongoing despite its having signed a new agreement with Boeing Co. on the purchase of 30 planes

Iran not concerned by Indian threat to cut oil imports: Zanganeh

Iran does not consider India's decision to cut oil imports from Tehran in 2017/18 by a fifth as a threat, ISNA quoted Oil Minister Bijan Namdar Zanganeh as saying on Wednesday.

South Pars development plays appreciable role in employment

Implementing development phases of Iran’s South Pars gas field (in the Persian Gulf) was one of the promises made by Oil Minister Bijan Namdar Zanganeh which came true and besides boosting gas production noticeably it played significant part in job c

IRISL signs co-op MOU with Kamigumi, SUZUE

The Islamic Republic of Iran Shipping Lines (IRISL) signed a memorandum of understanding (MOU) with Japan’s SUZUE Corporation and Kamigumi Company in Singapore, IRIB new reported on Tuesday.

Investors from 37 countries active in Iran’s capital market

Investors from 37 countries are currently active in Iran’s capital market, ISNA reported.

Iran, Germany ink MOU on water research, training projects

Tehran and Berlin signed a memorandum of understanding (MOU) on carrying out joint water training and research projects, Mehr news agency reported on Tuesday.

Mercantile exchange picks up 73% in a year

More than 33 million tons of commodities, at the value of 817 trillion rials (about $21.8 billion) were traded on the physical market at Iran Mercantile Exchange (IME) during the past Iranian calendar year 1395 (ended on March 20, 2017), showing 73

Iran ratifies attraction of over $12b of foreign investments in post-sanction era

According to the latest report of Iranian Finance Ministry, the country approved attraction of $12.48 billion of foreign investments as of the implementation of its nuclear deal with the world powers in January 2016, Mehr news agency reported on Sat

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.

219 foreign delegations negotiate insurance co-op with post-sanction Iran

After the implementation of JCPOA (joint comprehensive plan of action which lifted sanctions against Iran in January 2016) until the end of last autumn, some 219 foreign delegations have visited the country to negotiate cooperation in different area

Large petrochemical complex costing €257m inaugurated in western Iran

A large petrochemical complex with an annual production capacity of 310,000 tons came on stream today in the western province of Kordestan.

Iran-China economic co-op seminar to be held next week

An Iran-China economic cooperation seminar is due to be held on April 5, IRNA cited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)'s public relations office.

New complexes to add 9.5mt to Iran's petchem output: Zanganeh

Iranian oil minister said on Saturday that new petrochemical complexes going online will add 9.5 million tons (mt) to the country's petrochemical output, IRNA reported.

New Swedish firm offers Iranian stock investment for bitcoin

Brave New World Investments AB, a new firm registered in Sweden, is now accepting deposits in bitcoin which it converts to Iranian Rial and invests in equities on the Tehran Stock Exchange. It does this on behalf of its European shareholders while al

All planned state-owned companies to be privatized in a year: fin. min.

The shares of all state-owned companies that had been previously planned to be privatized will be transferred to the private sector by the end of current Iranian calendar year (March 20, 2018), Iranian Finance Minister Ali Tayyebnia announced.

Iran to present new oil contracts to Russian companies

Iran will give presentation on its new oil contracts for Russian companies on Monday.

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.

32 new passenger wagons to join Iranian network today

Some 32 new and renovated passenger wagons will join Iran’s railway network during an official ceremony today, Managing Director of RAJA Rail Transportation Company Mohammad Rajabi told Tasnim news agency.

Hyundai seals contract for €3b petro refining project in Iran

South Korea’s Hyundai Engineering Company (HEC) signed a €3-billion contract with Iran’s Ahdaf Investment Company on Sunday for construction of the second phase of Kangan Petro Refining Complex in Iran’s southwestern Bushehr province.

Infrastructures prepared for Iran-Russia all-out economic ties

Iranian Communications and Information Technology Minister Mahmoud Vaezi in a Monday meeting with Russian Energy Minister Alexander Novak in Moscow announced that the required infrastructure to expand all-out economic ties between the two countries

Exports from free trade zones up 30%

The value of exports from Iran’s free trade zones has witnessed a 30 percent rise from the beginning of the current Iranian calendar year (March 20, 2016), compared to the same period of time in the past year, a deputy at the secretariat of the Supre

TCCIMA plans to cover all entrepreneurs: chairman

Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) plans to establish a comprehensive membership system in a way that all entrepreneurs will be members of this chamber, TCCIMA Chairman Masoud Khansari told in a press conference o

Iran’s GDP growth forecast to rebound in 2016/17: IMF

The International Monetary Fund has forecasted that Iran’s real GDP growth is expected to rebound to 6.6 percent in 2016/17.

Tehran, Kiev ink MOU to expand economic ties

Iran and Ukraine signed a memorandum of understanding at the end of the sixth Iran-Ukraine Joint Economic Committee meeting on Friday to give a boost to bilateral ties.

Renault sales to Iran rise 348% in January yr/yr

According to a report released by the French multinational automobile manufacturer, Renault, the company could sell 13,449 cars during the first month of 2017 in Iran, showing a 348-percent increase compared to the same month last year.

SP phases 17, 18 on verge of complete inauguration

Phases 17 and 18 of developing Iran’s South Pars gas field (in the Persian Gulf) are on the verge of complete inauguration, according to Hassan Boyeri, the operator of these phases.

Iran, Slovakia join hands to boost economic ties

Attended by senior officials and company representatives, an Iran-Slovakia business forum was held at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on Tuesday.

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.

Recruitment Services

The recruitment services of Open Iran Group is empowered by its partner HNA. HNA enables global enterprises to make their business as efficient and costeffective as possible by providing skillful human resources, counseling and education.

Iran ready to sell oil to South Africa, buy refinery shares

Iran is ready to sell South Africa 100,000 barrels per day (bpd) of oil and also to buy shares in the African country’s oil refineries, Oil Minister Bijan Namdar Zanganeh said on Saturday.

Banque de France to finance Iran-France projects: French fin. min.

The central Bank of France, Banque de France, is working on plans to issue direct loans for companies that want to invest in Iran, French Finance Minister Michel Sapin told reporters at Iran’s Ministry of Finance and Economic Affairs in a joint pres

Iran, Norway explore avenues of co-op in upstream oil, gas sector

Iran and Norway explored avenues of cooperation in oil and gas industry’s upstream sector in Iran-Norway conference on upstream oil and gas technology and development cooperation which kicked off in Tehran on Tuesday.

Iran eyeing newly industrialized country target

Iran has the capacity to become a newly industrialized country (NIC) in the next calendar year, starting March 21, Industry, Mining and Trade Minister Mohammadreza Nematzadeh said on Wednesday.

Russia says in talks over Iranian oil purchases

Russia has been in talks of buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports.

By: Rebecca Meijlink* Iran means business

A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and beyond.

Tehran, Jakarta ink MOU on banking co-op

Iran and Indonesia’s central banks signed a memorandum of understanding on Monday to expand banking cooperation, Central Bank of Iran (CBI)’s Public Relations Department reported.

Post-sanction Iranian economy shows ‘impressive recovery’: IMF

The Iranian economy has had an “impressive recovery” following sanctions relief last year, the International Monetary Fund (IMF) said.

Pistachio exports to Europe up 5% in 2016: Eurostat

Iran has exported €232 million worth of pistachios to the European markets in 2016 to register a five percent rise compared to 2015, the European Union’s statistics agency Eurostat was cited by Tasnim news agency on Saturday.

Iran’s installed renewable capacity exceeds 340MW

The managing director of Renewable Energy Organization of Iran (known as SUNA) announced that the country’s total installed capacity of renewable power plants has exceeded 340 megawatts (MW), ILNA reported.

Meeting of ECO senior officials kicks off on Sunday

Economic Cooperation Organization (ECO)’s senior officials’ meeting (SOM) with Pakistani Foreign Secretary Aizaz Ahmad Chaudhry in the chair, started operation in Islamabad on Sunday to discuss improvement of cooperation and trade linkage among the

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 via railway jump 55% in 11 months

Exports of goods via railway increased 55% in Iran during the first 11 months of the current Iranian calendar year (March 20, 2016-Februray 18, 2017), compared to the same period of time in the previous year, IRNA quoted a railway official, Hossein

New Zealand’s economic delegation due in Iran on Saturday

An economic delegation from New Zealand to be led by the country’s Minister for Primary Industries Hon Nathan Guy will arrive in Tehran on Saturday to discuss reinforcing ties with Iran in agricultural domains especially in dairy sector, Iran's Amba

Iranian, French auto part companies sign joint-venture deal

Iran’s Rise Investment and Strategy Extension Company (RISECO) and France’s Mecaplast Group signed a joint venture deal on manufacturing auto parts, IRNA reported on Friday.

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 eyes purchase of 12 Sukhoi Superjet 100

Iran confirmed its intention to buy 12 Russian-made Sukhoi Superjet 100 in the near future, announced Russian Energy Minister Alexander Novak.

Laying of Iran-Oman-India pipeline imminent: SAGE

An official with New Delhi-based South Asia Gas Enterprise Pvt. Ltd. (SAGE) said that the implementation of the project to lay an undersea gas pipeline for exporting Iran's gas via Oman Sea and Indian Ocean to India is imminent.

Tehran, Belgrade stress energy, mining co-op

Iran’s ambassador to Serbia Hossein Molla-Abdollahi and Serbian Minister of Energy and Mining Aleksandar Antic in a Friday meeting in Belgrade underscored both countries’ interest in developing common mining and energy bonds, IRNA reported on Saturda

Total still determined to contribute to Iran’s SP project: NIOC head

The managing director of National Iranian Oil Company (NIOC) has said that French oil company Total is determined for contribution to the development project of phase 11 of Iran’s South Pars gas field, Shana reported.

First shale oil deposit found in Iran: official

The first shale oil reserve containing over 2 billion barrels of light crude has been discovered in Iran.

Iran sells crude oil at $51.44 per crude oil in a week

Iran sold its light crude oil at $51.44 per barrel in the week ended on February 10, with $1.57 decrease from its previous week, IRNA reported on Sunday.

Belarus joins Iranian oil buyers’ club

Three months after Belarusian president’s announcement of oil talks with Iran in October 2016, the country has bought its first oil cargo from Iran.

Iranian airliner to buy Fokker engines from Rolls Royce

Iranian airliner Aseman has reached an agreement with British Rolls Royce for buying Fokker aircraft engines, Tasnim news agency reported on Friday.

Russian deputy PM due in Tehran to negotiate Iran-EAEU FTZ

Russian First Deputy Prime Minister Igor Shuvalov will be in Tehran on February 21 to negotiate the creation of a free trade zone (FTZ) between Iran and the Eurasian Economic Union (EAEU).

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 .

The Great B2B Meetings in Vienna, Austria

The top and the best B2B meetings have been held in Austria ( Vienna).

S. Korea to dispatch trade delegation to Iran in late-Feb.

According to a report by Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), a South Korean trade delegation is due to visit Iran on February 22 to explore areas for development of trade relations.

$450b of foreign investments should be attracted in 9 years

Iran needs to attract $450 billion of foreign investments by 2026, the head of the investment panel at the Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced.

Tehran to host 4th Intl. drilling congress, exhibit next week

The fourth edition of International Iranian Drilling Congress and Exhibition is due to be held in Tehran on February 18 and 19, Shana reported.

New platforms to start production in South Pars

Production will begin in six new platforms of Iran’s South Pars gas field (in the Persian Gulf) during the next Iranian calendar year (which begins on March 22, 2017), Shana quoted Mohammad Meshkinfam, the managing director of Pars Oil and Gas compa

Tehran, Seoul sign MOU on tax co-op

South Korea's National Tax Service (NTS) Commissioner Lim Hwan-soo and Head of Iran's National Tax Administration (INTA) Seyyed Kamel Taghavinejad signed an MOU on bilateral tax administrative cooperation in Tehran, the portal of INTA reported.

Indonesia, Iran pledge to improve cooperation

Iran celebrated its 38th anniversary of the victory of the Islamic Revolution of 1979 by rejoicing in what it called a new era of Iranian development, following the lifting of unilateral sanctions against the Persian Gulf power.

Iran may ink new contracts with foreign automakers soon

Some foreign automakers are holding talks with Iranian carmakers over making new cooperation contracts and new agreements are possible to be signed by the end of current Iranian calendar month (February 18), the secretary of 4th Iran Automotive Indu

Hungarian bank opens €85m credit line for Iran

The Hungarian Export-Import Bank (Exim Bank) has opened an 85-million-euro credit line to enhance bilateral trade with Iran, Tasnim news agency reported on Friday.

Iran to equip 4m hectares of land with modern irrigation

Some four million hectares of land will be equipped with modern irrigation systems in Iran within the next 10 years, Iranian deputy agriculture minister announced.

Iran’s Woodex 2017 to open today hosting 27 foreign companies

The 8th edition of Iran’s International Exhibition of Wood Industries Machineries and Related Equipments (Woodex 2017) will start working today in Tehran, IRIB news reported.

Germany’s Rhineland keen on boosting trade ties with Iran

A 20-member German trade delegation dispatched by the Federal State of Rhineland-Palatinate attended a meeting in Iran’s Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Sunday to negotiate with the Iranian counterparts.

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.

Malaysian trade delegation to arrive in Iran tomorrow

Leading a 25-member trade delegation, Malaysia’s Minister of Plantation Industries and Commodities Mah Siew Keong will arrive in Tehran on Sunday to confer on developing bilateral ties, IRNA reported on Friday.

India opens special account in its annual budget for Iranian Chabahar Port

After much dilly dallying, India has started special allocation for development of Chabahar port in Iran in its annual budget. Indian government has allocated $22.5 million for the development of Chabahar port in financial year starting from April th

Measures being taken to receive ATR aircrafts

Necessary measures are being taken to receive some of the new aircrafts from Turboprop maker ATR in near future, Tasnim news agency reported on Friday, quoting CEO of Civil Aviation Organization of Iran (CAO) Ali Abedzadeh as saying.

China-Iran trade at $31.2b in 2016

Trade between Iran and China slipped down to $31.2 billion in 2016, Tasnim news agency reported on Saturday.

Iran-Sweden business forum slated for Feb. 11

An Iran-Sweden business forum is scheduled to be held February 11 in Tehran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Iran getting rid of old train wagons

Iran got rid of its train wagons older than 45 years during the 10th Iranian calendar month of Dey (December 21, 2016- January 19, 2017) and is to make those older than 35 years out of order within the next calendar year (starting March 21, 2017), Ir

Above 20,000 agricultural units receive loans since Mar. 2016

During the current Iranian year (started March 20, 2016), more than 20,000 small and medium-sized industrial-agricultural units have received banking facilities, Iranian deputy industry minister said.

Belgian company to invest in Iran’s auto sector

An automobile gearbox production line will be launched in Iranian province of Zanjan (northwest of Tehran) via the investment made by a Belgian company, head of Industry, Mining and Trade Department of the province announced.

Japan, 1st customer for SP phases 20, 21 gas condensate

Japan has shipped in the first cargo of Iranian gas condensate produced in phases 20 and 21 of South Pars giant gas field in the Persian Gulf, Shana reported on Saturday.

Iran, Poland ink MOU on petchem co-op

Petrochemical Special Economic Zone Organization of Iran and Pulawy Company of Poland signed a memorandum of understanding (MOU) on cooperation in petrochemical sector, Shana reported.

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

Europe chomps most Iran oil in years with supertankers due in days

Europe is poised to receive the most Iranian crude in about five years this month in a sign that the Persian Gulf nation may be regaining its share of a market it had lost to sanctions.

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.

Turkmenistan says ready for more talks with Iran in gas dispute

Turkmenistan is ready to continue talks with Iran after cutting gas supplies to Tehran this month but also has the right to take the dispute over payments to arbitration, the Central Asian nation's foreign ministry said on Thursday.

BAIEX 2017 to open in Tehran today

The eighth edition of International Bitumen, Asphalt, Insulation and Related Machinery Exhibition of Iran (BAIEX 2017) will open at the Tehran Permanent International Fairgrounds today.

NDF to receive 30% of Iran’s oil revenue

Iran will allocate 30% of its oil revenue to the National Development Fund (NDF), Mohammad-Mehdi Mofatteh, the spokesman for the parliament (Majlis) ad hoc budget review committee, said after a meeting of the committee on Saturday.

CBI’s 9-month loans to economic sector up 43.5% on year

The Central Bank of Iran (CBI) provided domestic economic sectors with above 3.82 trillion rials (about $100 million) of loans during the first nine months of the current Iranian calendar year (ending December 20, 2016), which shows a 43.5 percent in

Non-oil exports up over 8% in 10 months

Iran’s non-oil exports during the first ten months of the current Iranian calendar year (March 20, 2016-January 20, 2017) reached $35.270 billion registering an 8.37 percent rise compared to the same period last year, IRNA reported on Sunday.

ATR says aircraft deal with Iran imminent

Turboprop maker ATR has completed commercial negotiations with Iran Air for the sale of at least 20 aircraft and expects to be able to sign a contract very soon, the head of the Franco-Italian aircraft maker said on Friday.

IDRO signs 19 MOUs with giant automakers in post-sanction era

Head of Iran's Industrial Development and Renovation Organization (IDRO) Mansour Moazzami told Tasnim news agency on Saturday that as of the implementation of Iran’s nuclear deal with the world powers in January 2016 his organization has signed 19 M

IDRO signs 19 MOUs with giant automakers in post-sanction era

Head of Iran's Industrial Development and Renovation Organization (IDRO) Mansour Moazzami told Tasnim news agency on Saturday that as of the implementation of Iran’s nuclear deal with the world powers in January 2016 his organization has signed 19 M

Siemens finalizes deal with Iran for manufacturing electric locomotives

Germany’s Siemens has finalized a deal with Iran’s Mapna Group for manufacturing of electric locomotives and also transferring relevant knowledge to the country, IRNA reported on Friday.

Iran, S. Korea sign MOU to reinforce economic bonds

Iran and South Korea signed an MOU on expansion of economic ties and transfer of data in Seoul on Friday.

Sinosure goes big on Iranian refinery

Chinese export credit agency Sinosure has opened a $1.3 billion line of credit for the upgrade of an Iranian oil refinery.

Iran, Germany pen agreement on expanding transport co-op

Iran and Germany inked an agreement on the expansion of cooperation in rail, air and sea transportation, IRNA reported.

Global ship insurers to resume near full coverage for Iran oil: officials

Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said.

Iran, Germany sign co-op MOU on airport industry

Iran Airports and Air Navigation Company signed an MOU with Fraport AG, Munich Airport, and Dornier Consulting International GmbH in Tehran on Tuesday to boost airport and aviation ties with Germany.

S.Korea's Dec. Iran crude imports surge 648.2% on year

South Korea's Iranian crude oil imports in December soared nearly eight times greater than a year ago, and its 2016 crude imports from Tehran more than doubled from 2015 levels, following last January's lifting of sanctions targeting the Mideast nati

Albania calls for co-op with Iran in energy, agriculture, tourism

The Minister of Foreign Affairs of the Republic of Albania Ditmir Bushati has voiced his country’s interest in cooperation with Iran in energy, agriculture and tourism sectors, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture

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).

Iran, Italy set up joint venture to grow agricultural products

The Italian company Nature SRL and the Iranian company UPRO have set up a joint venture under the name UPRO NATURE. The goal of the joint venture is to grow products that comply with the quality standards of European target markets. It aims to meet t

Italy major European customer of Iranian non-oil products in 9 months

Importing 678,000 tons of non-oil goods at the value of $385 million, Italy was the major destination for Iranian non-oil products in the first nine months of the current Iranian calendar year (ending December 20, 2016), according to Iran Customs Adm

German companies meet to discuss presence in Iran’s mining sector

Representatives from 17 German companies held a meeting in Bochum on Friday to discuss commencing activity in the Iranian mining market, the Persian service of Deutsche Welle reported.

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

Iranian ports' loading, unloading capacity at 106m tons

More than 105.9 million tons of oil and non-oil goods were loaded and unloaded in the Iranian ports during the first nine months of the current Iranian calendar year (ending December 20, 2016), IRNA reported on Sunday.

Daewoo to establish joint shipbuilding company in Iran this month

Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) is to establish a shipbuilding company with three Iranian state-run companies by the end of January.

Airport, air navigation projects worth $20b to come on stream

Airport and air navigation projects valued at 700-800 trillion rials (about $17.771 billion-$20.309 billion) are planned to be put into operation in Iran by the end of current Iranian calendar year (March 20, 2017), IRNA quoted Iran Airports and Air

Iran’s petchem output set to rise up to 20% by Mar. 20

Iran’s petrochemical sector’s output is set to increase up to 20 percent in the second half of the current Iranian calendar year (which ends on March 20, 2017), compared to the same period the last year, Shana quoted an official as saying on Tuesday

Vitol clinches $1b pre-finance oil deal with Iran: sources

The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.

Iran-EU trade up 66% in 10 months: Eurostat

The European Union’s trade with Iran amounted to €10.3 billion in the first 10 months of 2016, a 66 percent rise year on year, based on the latest figures released by the European Union’s statistics agency Eurostat.

South Pars 9-month gas extraction exceeds 109bcm

Iran’s nine-month gas extraction from the giant South Pars gas field (which the country shares with Qatar in Persian Gulf) has reached 109.496 billion cubic meters (bcm), IRNA quoted an oil official as saying on Friday.

Iran sells crude oil at $52.16 in a week

Iranian light crude oil price continued its upward trend in the week ended on December 23, increasing 30 cents per barrel (pb) to reach $52.16, IRNA reported on Saturday.

Tax income exceeds $15 billion in 8 months

Iran gained some 618 trillion rials (about $15.5 billion) in tax income during the first eight months of the current Iranian calendar year (ended November 20, 2016).

Crude steel output up 9 percent in Iran

ran produced 12.319 million tons of crude steel in the first eight months of the current Iranian calendar year (March 20-November 20), with 9 percent rise from 11.311 million tons in the same period last year, Shata news reported on Saturday.

Carpet exports from Iran to U.S. stands at $50m in 8 months

About $150 million worth of Iranian carpets were exported to the United States during the eight months to November 20, IRNA quoted Hamid Kargar, the head of Iran's National Carpet Center, on Monday.

Iran aiming for a renewable-supplied future

Supplying five percent of the country’s electricity need from renewable energies is a priority for Iran’s energy industry, IRNA quoted an energy official as saying on Monday.

Iran’s Nov. crude exports to China up 24% yr/yr

China’s November crude oil imports from Iran jumped 24.48 percent compared to the same period in 2015, IRNA reported citing Chinese customs administration.

Iran’s Nov. crude exports to China up 24% yr/yr

China’s November crude oil imports from Iran jumped 24.48 percent compared to the same period in 2015, IRNA reported citing Chinese customs administration.

Tehran, Astana agree on closer ties, ink five MOUs

Iran and Kazakhstan inked five agreements on cooperation in transportation, banking, tourism, employment and also livestock quarantine, president.ir reported on Thursday.

Iran’s weekly oil price up $1.04 per barrel

Iran sold its light crude oil at $51.86 per barrel in the week ended on December 16, registering a $1.04 rise compared from its previous week, Shana reported on Saturday.

Iran, Malaysia hold business forum to raise investment

An Iran-Malaysia business forum was held on Monday aiming to explore expansion of economic ties and attracting foreign investment, IRIB news reported.

Italy’s imports from Iran up 35% in 9 months yr/yr

According to the latest figures released by the European Union's statistics agency Eurostat, registering a 35-percent hike, Iran’s exports to Italy in the first nine months of 2016 increased up to €477 million from its

Maersk may sign HOA with NIOC to develop South Pars oil layer

The Danish business conglomerate Maersk may sign a Heads of Agreement (HOA) with National Iranian Oil Company (NIOC) to develop oil layer of Iran’s South Pars oil and gas field in Persian Gulf, according to an Iranian oil official.

IMF sees Iran’s GDP growth to rebound to 6.6% in 2016-17

The International Monetary Fund (IMF) has made a statement predicting a 6.6-percent economic growth for Iran in 2016 and 2017.

Iran, Belarus discuss trading oil, manufacturing equipment

Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday Iran is considering cooperation with Belarus in oil industry equipment manufacturing and also oil trade, IRNA reported.

Daewoo E&C signs power plant deal in Iran

Daewoo Engineering & Construction has signed a contract to build a thermal power plant in Iran, raising its profile to win more orders in the promising Middle Eastern market.

Iran gets seat in ICC’s WCF

he Islamic Republic of Iran’s representative has been elected as a member of the general council of World Chambers Federation (WCF) of the International Chamber of Commerce (ICC), IRIB news reported.

Iran starts extracting gas from SP platform 21

The gas extraction project from the phase 21 of Iran’s South Pars gas field (in the Persian Gulf) was started targeting a daily capacity of 28 million cubic meters of gas, Shana reported Thursday quoting Alireza Ebadi, the operator of South Pars phas

Iran to finalize Airbus deal by Friday: minister

Iran is to finalize aircraft purchase deal with the European plane maker Airbus by Friday, Transport Minister Abbas Akhoundi told Tasnim news agency on Sunday.

International Congress and Exhibition “Hydropower. The Caspian and Central Asia 2017” (15-16 February, Tbilisi, Georgia)

An international congress “Hydropower. The Caspian and Central Asia” takes place 15-16 February in Tbilisi, Georgia, and is a professional platform for high-level participants to discuss key topics to guide the course for hydropower construction and

Iran Air, Boeing sign $16.6b deal

The Airline of the Islamic Republic of Iran (Iran Air) signed a $16.6 billion deal to buy 80 passenger planes from U.S. aircraft maker Boeing, IRNA quoted Farhad Parvaresh, the managing director of the Iranian flag carrier as saying on Sunday.

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.

Iran-Russia joint investment in oil, gas sectors can reach $10b

Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia (L) said on Monday that oil and gas investment capacity between Iran and Russia could reach $10 billion.

German company to build €350m renewable energy park in Iran

German company EAB NEW ENERGY GMBH will invest €350 million in a renewable energy park in Iran’s Arvand free zone in the Southwestern city of Abadan, IRNA reported on Thursday.

IRISL, Hyundai ink shipbuilding contract

According to a contract signed with Islamic Republic of Iran Shipping Line (IRISL), South Korea’s Hyundai Heavy Industries Company, Ltd. (HHI) will build mega-container vessels as well as tankers for carrying petroleum products for Iran, IRNA report

Europe buys 30m barrels of Iranian crude in Jan.-Aug.

Seven European countries imported 4.22 million tons (nearly 30 million barrels) of Iranian crude oil during the first eight months of 2016, according to the latest data released by European Union’s statistics agency (Eurostat).

Iran invites Japanese companies to invest in its mining, infrastructure projects

TEHRAN- “The Islamic Republic invites Japanese companies to invest in its mining and infrastructure projects including those to develop Iranian railway network and ports,” Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) G

Iranian cabinet approves currency change

The administration of President Hassan Rouhani approved a measure on Wednesday calling for the change of the national currency from the rial to the toman.

Shell signs oil, gas MOU in Iran

Royal Dutch Shell signed an initial memorandum of understanding (MOU) with National Iranian Oil Company (NIOC) on Wednesday to conduct development studies on three oil and gas fields in Iran, Shana reported.

Cathay Associates

Cathay Associates (“柯杰全球法律联盟” in Chinese) is a global legal service network initiated by Cathay Associates Kejie, a leading Chinese boutique law firm and two European partners in September, 2015. We have 16 high-profile boutique law firms with over 5

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

German firm keen to enter Iranian insurance industry

A senior official from Germany's Ergo International Insurance Company voiced his company's interest in entering the Iranian insurance industry.

Iran to host 20th general meeting, conference of ACG

TEHRAN – To be hosted by Central Securities Depository of Iran (CSDI), the 20th general meeting and conference of Asia-Pacific Central Securities Depository Group (ACG) is due to be held on December 5-9 in Tehran, IRIB news reported on Saturday, quot

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.

Business Research Services

We provide clients with business consulting services to ensure their success in the Iranian market. Providing the right legal and business advice based on reliable research is a key.

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Regulatory frameworks are constantly evolving across sectors and around the world. As transparency is importance to international companies and the costs of non-compliance with laws and regulations increases, businesses everywhere strive to adapt to

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Foreign investors who are looking to invest other countries usually look for local partners for their market entry. Iranian Lawyers Office as a well established law firm in Iran can help foreign investors to select the right partner for your business

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A wide variety of legal arrangements may be used to carry on business activity in Iran. Some of the more commonly used arrangements are corporations, limited partnerships, partnerships, co-ownerships, joint stock company and limited liability compani

Over $171m of state shares divested in Iran

TEHRAN - Iranian Privatization Organization (IPO) transferred 6.704 trillion rials (about $171.897 million) worth of Iranian state-run shares to the private sector during the first eight months of the current Iranian calendar year (March 20-November

Ukraine to restore financial transactions with Iran

Ukraine is preparing to restore the financial transactions with Iran after lifting of sanctions for their conduct.

Communication improvement needed for business boom in Iran. By Dr Siamak Goudarzi

Foreign investors coming to Iran face many challenges in a country that has been closed to international businesses for many years due to sanctions, says Siamak Goudarzi, founder of Open Iran Group, which helps foreign companies end up with successfu

Iran’s TPO inks MOU with ITC

Iran’s Trade Promotion Organization (TPO) signed an MOU with International Trade Center (ITC) on the sidelines of the 11th Trade Promotion Organizations (TPOs) Network World Conference, in Marrakech, Morocco, the portal of TPO reported on Saturday.

Zanganeh optimistic about OPEC deal

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday that it is possible for OPEC members to reach an agreement to stabilize the oil market.

Iran most vibrant economy in MENA during 2017-21: EIU

TEHRAN- In its recent global forecast the Economist Intelligence Unit (EIU) said Iran will be the most vibrant economy in the Middle East and North Africa (MENA) during 2017-2021.

NISOC, Pergas sign MOU for oilfield studies

TEHRAN–National Iranian South Oil Company (NISOC) and a consortium of international companies, known as Pergas, signed a memorandum of understanding (MOU) on Wednesday for carrying out preliminary studies over two Iranian oilfields, Shana reported.

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

BP creates executive committee to develop business in Iran

BP has created a new executive committee to explore business in Iran which will exclude its American chief executive Bob Dudley in a bid to avoid potential violations of U.S. sanctions still in place.

Q &A On Foreign Investment in the Islamic Republic of Iran

Ministry of Economic Affairs and Finance Organization for Investment, Economic and Technical Assistance of Iran. Foreign Investment in the Islamic Republic of Iran. Q&A

Investment Protection Measures in Iran

I.R. Iran’s Foreign Investment Manual

Open Iran Group/Afarin Law Firm , Services

Open Iran Group/Afarila Law Firm, The Firm, is formed to cater for the needs of international companies and their local counterparts.

A Review of Iran’ s Employment Law

Iran as a developing country has an employee friendly labor employment law that sets extremely difficulties in lay off the staffs.

Balancing Opportunities with Practical Business Risks

The removal of many international sanctions on Iran in early 2016 looks certain to boost the country’s economic prospects.

Taxation in Iran

A company is resident in Iran if it’s established under the Iranian Commercial Code, or if it is managed from Iran

Germany's Linde gets go ahead for major Iran LNG projects

German Linde Group has received the green light from Euler Hermes — a credit insurance company — to become the biggest contractor in Iran's LNG projects.

Senior Nalco executives to visit Iran next month

India's state-owned firm National Aluminium Co. Ltd. (Nalco) will send a study group comprising of senior executives to Iran next month.

France, Italy aversion to fiscal austerity will keep dollar up

By Michael Ivanovitch On his swan song tour of Europe, President Barack Obama said in Athens last Tuesday (Nov. 15) that "austerity cannot be the formula for growth," and vowed to carry that message to the rest of the continent that is now being resc

European firms urged to seize opportunity to deal with Iran

A European industrial manager called on European companies to seize the opportunity to take part in business projects in Iran.

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

Indonesia after Iran's contribution to airport, port building

Indonesian Minister of Transportation Budi Karya Sumadi called on Iran to contribute to and invest in the construction of airports and ports in Indonesia.

Tehran, Baku discuss shipping cooperation

Iran's Ports and Maritime Organization (PMO) discussed prospects of cooperation with Azerbaijan during a visit to Baku by officials of the organization.

Iran's Chabahar hosts first sea travelers

Iran launched the first passenger terminal at its only oceanic port thus making it possible to directly host visitors from Pakistan, India, Oman and beyond.

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.

Mir Business Bank ready to support Iran-Russia trade

Russia's Mir Business Bank of Moscow (MBB), as an affiliate of Bank Melli Iran (BMI), is ready to provide banking services to Iranian traders and exporters as well as its Russian customers.

Envoy: Austrian bank to open branch in Iran

Austrian banks are ready to broaden cooperation with Iranian banks and establish branches in Iran in the near future.

China to invest $400m in Iranian petchem project

A Chinese company is to invest $400 million in a petrochemical catalyst production project, said vice president of Iran-China Joint Chamber of Commerce.

Iran's petrochemical capacity to grow threefold by 2025

Iran is set to increase its total petrochemical capacity from 59 million tons to 180 million tons within the next 10 years, said an executive from US consultancy firm Frost and Sullivan on Thursday on the sidelines of the Fourth CMRI Petrochemical Co

Official: Iran can generate 60 GW from renewables

Iran has the capacity to generate 60 gigawatts (GW) electricity from renewable sources, said vice chairman of Environment Committee in Tehran Chamber of commerce, Industries, Mines and Agriculture.

Veep: Avoiding raw material sales major program of resistance economy

First Vice President Es'haq Jahangiri said that avoiding the sales of raw material and producing high value-added products is the most significant program of the economy of resistance.

Iran eyes LNG exports to Europe

Iran will focus on the production of liquefied natural gas (LNG) to facilitate exports of natural gas to Europe, said a deputy oil minister.

Airbus, Boeing contracts at final stage for signature

Negotiations and expert studies on contracts with Airbus and Boeing are in their final stage for signature, said the deputy minister of roads and urban development for international affairs.

Essar oil imports from Iran up 8%

India's Essar Oil shipped in about 132,000 barrels per day (bpd) of oil from Iran in September, a growth of about 8.3 percent from about 122,000 bpd a year ago, according to tanker arrival data obtained from trade sources and ship-tracking services o

Maku Free Zone exports first VAT-free consignment

Maku Free Zone exported its first value-added tax free consignment, said the head of Maku Free Zone Customs Organization.

Official: 17 int'l companies resume Iran shipping operations

Head of container affairs of Shahid Rajaei Port in Hormuzgan Province announced on Saturday that 17 international container shipping companies have resumed their activities in the port adding that Maersk Line of Denmark and MOL of Japan as well as CM

South Pars gas extraction capacity to rise by 5 bcf/d

Gas extraction capacity from South Pars Gas Field will increase by five billion cubic feet per day once 10 platforms of the field become operational, announced the managing director of South Pars Oil and Gas Company (POGC).

CAO: Over 100 foreign companies to take part in Iran Air Show

Iran's Civil Aviation Organization (CAO) announced that more than 100 foreign firms have registered for participation in the Iran Air Show 2016 which is scheduled to be held next month in the Persian Gulf island of Kish.

FBCCI wants gov't to facilitate banking transactions with Iran

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought cooperation from the government to facilitate banking transactions between Bangladesh and Iran, officials said.

CBI chief meets Singaporean bankers

Governor of the Central Bank of Iran (CBI) Valiollah Seif held talks with senior officials of Singaporean banks including OCBC, DBS and UOB.

Iran, Finland sign MoU on exploring rare earth elements

Iran and Finland inked an MoU on education and exploration of rare earth elements on Tuesday.

Iran, China underline ties in renewable energies

Iran's Vice President for Scientific and Technological Affairs Sorena Sattari and Head of Chinese Academy of Sciences Bai Chunli underlined Iran-China cooperation on renewable energies, technology and water sciences.

Denmark's Maersk to resume Iran operations

Danish international marine transportation company Maersk will resume transportation of goods to Iran.

IME weekly trade nears $228m

Iran Mercantile Exchange (IME) announced that commodities valued at about $228 million and weighing over 633,796 tons were traded in its domestic trading and exports halls in the past working week (October 15-20).

French envoy: Eutelsat eager to cooperate with Iran

Paris Ambassador to Tehran François Sénémaud announced that the French-based satellite provider, Eutelsat, plans to win contract with Iran to build a satellite for the country.

Siemens to seal major rail deal with Iran

German engineering giant Siemens said it is preparing to sign a major deal with Iran to develop the country's railway system.

Japan firms eye resuming Iran oil imports

Japanese traders including Marubeni Corp. and Sumitomo Corp. that stopped buying Iranian oil during Western sanctions are looking to resume imports, potentially by year-end, industry sources said.

Japan firms eye resuming Iran oil imports

Japanese traders including Marubeni Corp. and Sumitomo Corp. that stopped buying Iranian oil during Western sanctions are looking to resume imports, potentially by year-end, industry sources said.

Danish industry well placed to prosper in Iran

Danish exports to Iran jumped 66 percent in the 17 months ending May 31, 2016, according to Danny Annan, the Danish ambassador to Iran.

Italy's Fiat to build petchem plants in Iran

A group of Italian investors headed by one of the main shareholders of Fiat Automobiles S.p.A. Ernesto Paulio arrived in the southern Iranian city of Assaluyeh to hold talks with officials of Iranian petrochemical companies.

TPO: Iran's exports to US rise following JCPOA

Iran's exports to the US and some European countries have increased following the implementation of Joint Comprehensive Plan of Action (JCPOA), said the head of Trade Promotion Organization (TPO).

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.

Iran's first LPG cargo arrives in Indonesia

Indonesia's state-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran's first shipment as a new supplier of LPG to Indonesia.

Showa Shell buys 55% of Japan's Iran crude imports in H1

Oil refiner Showa Shell Sekiyu bought 55 percent of Japan's crude imports from Iran in January-June, said Chief Executive Officer Tsuyoshi Kameoka.

Iran produces over 15m tons of iron ore concentrates

Iran produced 15.184 million tons of iron ore concentrates during March 20-September 21 marking a growth of 21 percent compared to the figure for the same period last year.

Iran produces over 15m tons of iron ore concentrates

Iran produced 15.184 million tons of iron ore concentrates during March 20-September 21 marking a growth of 21 percent compared to the figure for the same period last year.

Tayyebnia confers with counterparts on banking ties

Iran's Economy Minister Tayyebnia met counterparts from Turkey, Italy and India on the sidelines of World Bank-IMF Annual Meetings 2016 in Washington DC.

Belarus, Iran in talks on oil supplies

Belarus is in talks with Iran on supplies of oil, said Belarusian President Alexander Lukashenko on Friday.

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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Salehi: Iran best country for foreign investors

Iran is the best country for foreign investors, said the Head of Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi.

Maku Free Zone development projects progressing

Managing director of Maku Free Zone Organization said 76 percent of the development budget for the fiscal year from mid-March has been allocated for projects.

Hungary to buy 1m barrels of oil from Iran

Hungary signed a deal to buy one million barrels of crude oil from Iran, said director for international affairs at National Iranian Oil Company (NIOC) on Saturday.

Turkish bank aims to seal Iran deal soon

Turkish investment bank Unlu & Co. aims to complete the acquisition of an Iranian brokerage in the next six months and become the first Turkish financial services firm to operate in Iran since the easing of sanctions, its chairman said.

Forum guides foreign firms into Iran’s ‘tricky’ market

A forum has gathered international businesses as well as consultation and law firms to introduce business opportunities in Iran’s new and developing market to foreign investors. Organized by International Finance and Open Iran, the two-day Focus I

France's Total may return to South Pars

Iran's deputy oil minister said France's Total has put forward a proposal to cooperate in the development of Phase 11 of South Pars Gas Field.

Italy for broadening of economic ties with Iran

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

17th Telecom 2016 exhibit opens in Tehran

The 17th International Exhibition of Telecommunications (Telecom 2016) opened in Tehran in a ceremony attended by Minister of Communications and Information Technology Mahmoud Vaezi.

Iran produces over 1m tons of sponge iron

Iranian companies produced 1.025 million tons of sponge iron in August, showing an increase of 5.46 percent compared to the figure for the same month in 2015.

Steel, oil, cars play key role in Tehran-Baku trade

An Iranian senior official said cooperation in the steel, oil and gas industries, as well as car manufacturing would contribute to boosting the trade turnover between Iran and Azerbaijan.

OPEC head: Iran committed to building oil-market consensus

Iran is committed to building a consensus on stabilizing the oil market between OPEC and non-member countries, the group’s new Secretary-General Mohammed Barkindo said.

Airbus says granted US license to sell planes to Iran

Airbus says it has obtained an initial license from the United States to supply passenger jets to Iran as part of a 25-billion-dollar deal between the aircraft manufacturer and the Islamic Republic signed in January.

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.

Salehi: Iran targets 20,000 MW energy

Head of the Atomic Energy Organization of Iran (AEOI) said long-term generation of 20,000 MW of nuclear power is Iran's target.

Iran, Netherlands moot easing trade, banking ties

Iran’s ambassador to the Netherlands and president of the European country's central bank in a meeting in The Hague explored avenues to facilitate trade and financial transactions between the two counties.

Austria's OMV takes in 1 mbd Iran crude in spot delivery

Austria's OMV said on Friday it received one million barrels of crude oil from Iran in a spot delivery at the Italian port of Trieste which the energy group will send to its two refineries in Austria and Romania.

Vaezi calls for Iran-Sweden cooperation in communications, IT

Minister of Communications and Information Technology Mahmoud Vaezi called for expansion of Iran-Sweden cooperation in communications and information technology.

Iran replacing Venezuela in Spain's oil market

Venezuela is gradually losing Spain's oil market, as the European country has increased crude oil import from Iran, the Spanish El Mundo newspaper reported.

Semi-industrial polypropylene unit to be launched in Arak

Arak Semi-Industrial Polypropylene Unit is to be officially inaugurated today (Wednesday) in a ceremony attended by Managing Director of National Petrochemical Company (NPC) Marzieh Shahdaei.

Iran's oil exports to Japan up

Iranian Oil Ministry announced that oil exports to Japan had been on the rise during three consecutive months to reach 257,000 barrels per day (bpd) in July.

Petrochemical production tops 23m tons

Over 23 million tons of petrochemical products were produced during March 20-September 5, showing a seven-percent increase compared to the figure for the same period last year.

Iran revises in-situ liquid hydrocarbon reserves

Iran's in-situ liquid hydrocarbon reserves, including crude oil and condensates, stand at an estimated 836.47 billion barrels.

Tehran to host Armenia Expo in October

A trade fair of Armenian products and services – Armenia Expo – will be held in Tehran October 5-8.

Poland's LOTOS, Iran may ink long-term supply contract

After receiving two million barrels of Iranian oil last month, Poland's integrated oil company, Grupa LOTOS, may now sign a long-term oil supply contract with Iran, the refiner's deputy head said Thursday.

Nano products exported to 17 countries

Export of Iran's nano-products to 17 countries was valued at $35 million in the year to March 19, announced the secretary for Iran Nanotechnology Initiative Council affiliated to the Vice Presidency for Science and Technology, on Thursday.

Japan to contribute to Chabahar investment

A senior regional coordinator at Japan's Foreign Ministry said his country has suggested partnering India to invest and develop Chabahar Port of Iran.

Russian banks ready to operate in Iran

Russian banks are ready to enter Iran's banking sector and help facilitate overseas transactions particularly now that Western financial institutions are dragging their feet on this even though sanctions against the country were lifted.

Iran seeks oil deal with Swiss Vitol

Iran is seeking to sign new agreements with foreign companies to revive its energy sector.

Iranian ports handle 13% more freight in August

Iranian ports recorded a 13-percent growth in the amount of goods loaded/unloaded during August compared to the figure for the same month in 2015.

Top India shipping line to revive Iran joint venture

State-run Shipping Corp. of India Ltd. plans to revive a 40-year-old joint venture with an Iranian company.

France's Orange in talks with Iran's MCI on potential cooperation

French telecoms operator Orange is in negotiations with Mobile Telecommunication Company of Iran (MCI), the country's largest mobile operator, "regarding a number of areas of potential cooperation and business topics", said a spokesman.

Asia's July Iran oil imports rise over 60%

Imports of Iranian oil by four major buyers in Asia in July jumped 61.1 percent from a year earlier, marking the biggest percentage gain since April 2014, reflecting Tehran's eye-caching moves to regain market share, lost under international sanction

Islamic banking confab opens in Tehran

The 27th Conference on Islamic Banking opened in Tehran on Tuesday in a ceremony attended by Government spokesman Mohammad Baqer Nobakht, Minister of Economic Affairs and Finance Ali Tayyebnia, Governor of the Central Bank of Iran (CBI) Valiollah Sei

Seoul, Tehran agree to boost ICT cooperation

South Korea and Iran agreed on a revised memorandum of understanding (MOU) on Wednesday to expand cooperation in the information and communications technology (ICT) sector, announced Seoul's Science Ministry.

Iran to finalize Airbus deal after August

Iran plans to finalize the deal with France's Airbus on the purchase of aircraft after August.

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 unveils first phase of national data network

Iran unveiled the first phase of its National Data Network project on Sunday.

Seoul to open euro-based payment system for Iran trade

South Korea will start a euro-based settlement system for trade with Iran next week, one of the biggest financial barriers for trade with Iran, following the lifting of international sanctions, the South Korean financial minister said.

Official: Foreign companies welcome Iran investment

Deputy Oil Minister said on Friday that foreign companies have welcomed investment in Iran.

Foreign firms signed investment contracts worth $70b with Iran

Foreign companies have signed joint venture investment deals worth about $70 billion with Iran, said Minister of Economic Affairs and Finance Ali Tayyebnia on Friday.

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.

Oman gears up to promote products in Iran market

The Sixth Omani Products Exhibition (OPEX) is scheduled to be held in Tehran, Iran from September 26 to 30 as the organizing committee of OPEX has begun its marketing campaign in the Iranian capital to promote the upcoming event.

RENPOWER IRAN 2016 6th and 7th November, 2016 at Iran's Ministry Of Energy Conference Hall

Iran Infrastructure, Power & Renewable Energy Investment Conference 6th and 7th November, 2016 at Iran's Ministry Of Energy Conference Hall,Tehran,Ministry of Energy (in the main Conference Hall).:

Iran, Russia to resume banking transactions soon

Iranian and Russian banks will begin banking and monetary transactions following the removal of sanctions against Tehran, said an official on Tuesday

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.

Vaezi: Rise in foreign investment indicates economic growth

Iran's Minister of Communications and Information Technology Mahmoud Vaezi said on Monday that rise of foreign investment indicated the eye-catching trend of Iran's economic growth in 2016.

German exports to Iran soar after removal of sanctions

German exports to Iran, mostly machines and equipment, jumped in the first half of the year following the removal of international sanctions against the Islamic Republic, official trade data showed on Monday.

French National Assembly president to visit Iran next month

President of French National Assembly Claude Bartolone will pay an official visit to Tehran to hold talks with senior Iranian officials.

Iran to do away with two-tier exchange rate

The government plans to unify the two-tier exchange rate for the US dollar to attract more foreign investment following the removal of anti-Tehran sanctions.

South Koreans keen on investing in Iran's rail projects

An economic delegation from South Korea visited rail projects in Iran to study investment prospects in the sector, said the CEO of Iran's Construction and Development of Transportation Infrastructure Company (CDTIC).

Volkswagen to sign deal with Iranian carmaker

Volkswagen and an Iranian carmaker will sign a contract in the few days based on which the German and Iranian companies will produce cars in Iran, announced Iran's deputy minister of industry.

Iran to ship LNG to Europe

Oil Minister Bijan Namdar Zanganeh announced that Iran has plans to export gas to Europe.

Exports to South Africa up in post-JCPOA

Iran's exports to South Africa have increased in the post-JCPOA era, said Iran's commercial attaché to South Africa.

Iran to implement projects worth $645m to boost oil recovery rate

National Iranian South Oil Company (NISOC) is planning to implement projects worth $645 million to raise oil recovery rate from oilfields.

Four-month copper concentrate output caps 370,000 tons

Iran produced 371,363 tons of copper concentrates during March 20-July 21, indicating a growth of 22.84 percent against 302,307 tons produced in the same period last year.

Iranian carpets retake US market

The removal of anti-Iran sanctions has led to a boost in Iran's rug trade, with exports to the US reclaiming lost ground in a big way.

Iran, Exim Bank of China sign cooperation deal

Iran and China inked an MoU on financing economic and infrastructural projects and expanding bilateral cooperation.

Twofold rise in oil exports, a result of JCPOA

The twofold increase in Iran's oil exports is among the impacts of the Joint Comprehensive Plan of Action (JCPOA), said managing director of National Iranian Oil Terminals Company (NIOTC) on Sunday.

Mineral product exports up 33%

Iran exported $2.4 billion worth of mine and mineral products during the four months to July 20.

Huge South Korean container ship berths at Iranian port

South Korea's Glory Hyundai container ship berthed at Shahid Rajaei port in the southern province of Hormuzgan, an official said on Saturday.

Zamani-Nia: Mega projects to be signed with foreign companies

Negotiations have been held with foreign companies to undertake mega oil and gas projects in the year to March 20, 2017, said deputy oil minister for trade and international affairs.

Poland's Lotos expecting Iran's oil in Gdansk Sunday

Poland's second biggest refiner Lotos said on Friday that it expects oil supplies from Iran to arrive in Gdansk port at the Baltic Sea on Sunday.

Iran plans $185b investments in energy sector

Iran is planning to attract some $185 billion to the oil and gas sector through a new model of oil contracts, Trend quoted Iran's deputy oil minister for international affairs as saying.

Four-month exports cross $16b

Iran exported goods worth $16.308 billion in the first four months of the current Iranian year (started March 20) indicating an increase of 21 percent compared to the figure for the same period last year, which was $13.477 billion, said the head of T

Indonesia weighs Iran's proposal on $8.4b oil refinery

Indonesia will study a proposal from Iran to build an oil refinery, along with bids from other countries, as it seeks to boost refining capacity to catch up with rising consumption.

Iran to meet Turkmenistan oil, gas industry equipment shortage

Iran can supply Turkmenistan oil and gas industry equipment to make up for the shortage in the country, said the head of the Industries Commission of Tehran Chamber of Commerce.

Hossein Naseri goes to North Pole as the first Iranian adventurer.

In accordance with the report published in Tabnak Varzeshi, the Iranian adventurer named Hossein Naseri is going to North Pole in the next two weeks. Naseri has been to 75 spectacular and hard to visit places all around the world such as Amazon Fores

Iran celebrates 50th year of gas industry

Iran has now been producing gas commercially for exactly 50 years, and output today has reached 255 billion cubic meters per year which is 70 percent of the country's primary energy demand.

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

US-made aircraft allowed to fly to Iran

The United States said it would allow foreign airlines to fly US-made aircraft to Iran, providing greater assurance to aviation companies as Iran tries to reestablish trade and business links following the lifting of sanctions.

Yandex looks to resuming Iran operation

Minister of Communications and Information Technology Mahmoud Vaezi said Iran plans to hold talks with Russia on resuming search engine Yandex's Iranian operations.

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.

Iran, Azerbaijan sign transportation MoU

Iran and Azerbaijan have inked a memorandum of understanding (MOU) to cooperate in the road transportation sector.

Iran seeks to triple gas exports to Armenia

Managing Director of National Iranian Gas Exports Company (NIGEC) Alireza Kameli said talks are underway with neighboring Armenia for raising the volume of Iran's natural gas exports to the country by up to three times within the next two or three ye

Romania interested in investment in Iran

The Romania's Vice Prime Minister Costin Borc and in a meeting with Iranian Deputy Foreign Minister for European and American Affairs Majid Takht-e-Ravanchi announced his country’s interest in investing in Iran and welcomed Iran’s investment in Roman

Envoy: Iran, Azerbaijan in good conditions for collaboration

Today conditions are quite suitable for improvement of economic and trade relations between Iran and Azerbaijan, Iranian Ambassador to Baku Mohsen Pakaeen said.

Tehran, Baku cooperate in oil industry maintenance

There are great opportunities for cooperation between Iran and Azerbaijan in oil industry maintenance that will be in the interest of both the countries if tapped, deputy oil minister in engineering affairs believes.

Iran leases five tankers to world oil firms

A National Iranian Tanker Company (NITC) official reported on signing of a contract to lease five Iranian tankers to foreign oil companies.

Iran, South Korea ink MoU on bourse cooperation

Iranian and South Korean stock exchanges signed a memorandum of understanding (MoU) on mutual cooperation.

Iran, Bulgaria ink economic agreements

Iran and Bulgaria on Monday signed three memoranda of understanding (MoUs) to further promote bilateral relations in various fields, including agriculture, transport and nuclear energy.

New gold reserves discovered in Iran

Recent explorations have led to the identification of new reserves at Iran's Zarshouran gold mine, announced the manager of Zarshouran Gold Complex.

Rouhani unveils financial package for economic prosperity

President Hassan Rouhani announced the implementation of a banking development plan as the most important financial package for the country’s economic boom in the current Iranian year (started March 20).

Iranian oil, gas industries lucrative for foreign investment

Head of the Energy Committee of Tehran Chamber of Commerce, Industries and Mines said Iranian oil and gas industries are the best option for investment by foreigners.

New gold reserves discovered in Iran

Recent explorations have led to the identification of new reserves at Iran's Zarshouran gold mine, announced the manager of Zarshouran Gold Complex.

Iranian trade delegation to visit Mexico, Ecuador next month

TEHRAN- A senior official in Trade Promotion Organization of Iran (TPO) announced that to fasten trade ties with the American continent in post sanction era, an Iranian trade delegation will embark for Mexico and Ecuador next month.

Iran recommences petchem exports to Britain

TEHRAN - Iran resumed petrochemical exports to Britain sending a consignment to the country for the first time after lifting of the international sanctions, Mehr news agency reported on Sunday.

Renault to arrive in Iranian auto market with 5 new products

TEHRAN- “The French car maker, Renault, plans to cooperate with two Iranian giant auto makers on manufacturing its five new products for the Iranian market,” an official in Iran Development and Renovation Organization (IDRO) told IRNA.

'Russia set to fund railway line between Iran, Azerbaijan'

Russia is reportedly poised to finance a railway line connecting Iran with its northern neighbor Azerbaijan.

Foreign firms hugely invest in Iran’s oil, gas

Spectacular presence of the foreign companies in Iran’s international oil and gas exhibition shows the companies’ enthusiasm for strengthening post-sanctions relations with Iranian firms as several agreements have been signed during the event which k

Iran, Italy Sign Up Giant Oil, Gas Agreement, 13 MoUs

TEHRAN, Jan. 26 (Shana) – Iran’s Ministry of Petroleum has signed a major agreement with Italy’s Saipem to cooperate in a multi-billion euro project, reports from Rome said.

Major companies expanding presence in Iran’s oil sector

TEHRAN- Renowned international companies from 38 countries across the globe are participating in the 21st International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2016), which is being held at Tehran Permanent Internationa

Iran confirms selling 2m barrels of oil to Poland

Poland's Grupa Lotos has bought 2 million barrels of crude from Iran in a one-off purchase, an Iranian oil official was quoted as saying on Saturday by the oil ministry's news agency SHANA. Mohsen Ghamsari, the director for international affairs at N

Iran’s crude oil price rises to over $46 in a week

TEHRAN- Iran sold light crude oil at $46.31 per barrel in the week ended on June 24, a 79-cent rise from its previous week, IRNA reported on Saturday.

Iranian automaker in talks with LG to make electric vehicles

Iran Khodro Co., an automaker in Tehran, is in talks with LG International Corp. to develop electric vehicles for the Iranian market. “Negotiations are underway,” said Iran Khodro Chief Executive Officer Hashem Yekke-Zare. The companies may clinch th

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.

Parsian Gas Refinery processes 1.8m barrels of condensates in two months

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.

Monthly loading, unloading at Iranian ports up 15% yr/yr

TEHRAN- Some 12.565 million tons of oil and non-oil products were loaded and unloaded at ports of Iran during the third Iranian calendar month of Khordad (May 21-June 20), registering 15.1 percent rise compared to the same month in the preceding year

Daimler vows to take China off Iran roads

Daimler says its trucks division will start the deliveries of Mitsubishi Fuso brand in Iran later this year.

Iran provides $500m of technical-engineering services to Kazakhstan

TEHRAN – Iranian companies and firms provide around $500 million worth of technical and engineering services to Kazakhstan (per annum), IRIB news agency reported on Wednesday.

Fitch visits Iran as foreign banks signal interest

Ratings agency Fitch visited Iran as more foreign banks signal an interest in working in the country six months after sanctions were lifted, according to a top Central Bank of Iran official.

Essar Oil pays $500m to Iran via new channel

India's Essar Oil has paid $500 million to Iran via a new payment channel opened recently to clear one-fifth of its outstanding debts.

UK could drop Iran sanctions after Brexit

Indications are growing that London could soon decide to drop sanctions to expand its trade with Iran in the wake of the recent vote by the British to quit the European Union.

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.

Iran to invest in energy, pharmaceutical, other sectors in Nigeria

Morteza Rahimi, Iranian Ambassador to Nigeria yesterday said that his country was planning to invest in key areas of construction, Pharmaceuticals, power, oil and gas and agriculture sectors in Nigeria.

Foreigners’ purchase of Iranian shares near $23m in a month

TEHRAN- “Overseas investors purchased 798 billion rials (about $22.7 million) of shares in Iran’s capital market during the third Iranian month of Khordad (May 21- June 20, 2016), a senior official in Central Securities Depository of Iran (CSDI) said

‘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.

Indian firms to invest $235m in Chabahar

Goods handled by Chabahar Port will increase from two million tons to eight million tons following an investment of $235 million by Indian firms in the port.

Over 230 firms to attend Tehran int'l mine expo

The Eighth International Exhibition of Stones, Mines, Machineries and Related Industries will be held in Tehran International Fairground with participation of over 230 domestic and foreign companies.

Iran-Turkmenistan $2.5b deal finalized

Iran-Turkmenistan 2.5-billion-dollar agreement was finalized, said Oil Ministry’s special envoy of for export of technical and engineering goods and services.

Iran’s quarterly exports of gas condensate up 57% yr/yr

TEHRAN- Iran’s Pars Especial Economic Energy Zone (PSEEZ) exported $1.687 billion of gas condensate in the first quarter of the current Iranian calendar year (March 20-June 20, 2016), showing a 57 percent growth compared to the same time last year,”

‘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

Iran to buy 109 jets under deal with Boeing

Iran says a recent provisional agreement that it signed with Boeing will include the purchase of 109 passenger planes – almost half of them narrow-body jets.

India becomes second largest buyer of Iranian crude

Iran's crude oil exports to India in March 2016 surged from 290,000 to 505,000 barrels per day turning the South Asian country into Iran's second largest oil customer.

Iran, Kazakhstan set to build oil refinery

Mazandaran Organization of Industry, Mine and Trade director general said Iran and Kazakhstan plan to build a joint venture oil refinery in Amirabad Port, IRNA reported.

Doosan Heavy Industries lands $186m desalination deal in Iran

South Korea’s Doosan Heavy Industries & Construction Co. won a 220 billion won ($185.9 million) worth order from Iran-based Sazeh Sazan Co., to build a seawater reverse osmosis desalination (SWRO) plant in the Middle East country.

Iran's new oil investment contract to be ready this summer: Zanganeh

DUBAI (Reuters) - The first of Iran's new oil and gas investment contracts for international companies will be launched this summer and will invite bids to develop 10-15 fields, Oil Minister Bijan Namdar Zanganeh was quoted by the Shana news agency a

Iran’s non-oil trade falls to $19.4b in spring

TEHRAN- According to Iran’s Customs Administration, the value of Iran’s non-oil trade fell to $19.473 billion in spring 2016, which corresponds to the first quarter of the current Iranian calendar year (March 20-June 20), from $24.245 billion in spri

Indonesia's Pertamina to sign Iran oil block deal next week

JAKARTA (Reuters) - Indonesia's state energy company Pertamina will sign a deal to purchase a stake in an oil and gas block in Iran within a week, an official at Indonesia's energy ministry said on Monday.

Tehran to barter oil with Ankara for rail

The Islamic Republic of Iran has reportedly sealed a deal with Turkey to barter oil for rail.

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

Turkey to sell train rails to Iran in exchange for oil

Transportation, Maritime Affairs and Communications Minister Binali Yildirim has said Turkey will buy oil from Iran in exchange of train rails in line with an 80-million-euro deal.

PSA signs JV deal with Iran Khodro

French carmaker PSA Peugeot Citroen says it has signed a final agreement with Iran Khodro to form a joint venture to produce vehicles in Iran.

EU’s imports of goods from Iran triple in April yr/yr

TEHRAN – Based on the latest figures released by the European Union’s statistics agency Eurostat, Iran’s exports to the EU member states tripled in April 2016, compared to the same month last year.

Water, electricity projects worth $2.8b to come on stream in Iran by Mar. 2017

TEHRAN- Over 700 projects worth 100 trillion rials (about $2.886 billion) will be implemented in the country’s water and electricity sectors by the end of current calendar year (March 20, 2017), announced Iranian Deputy Minister of Energy Sattar Mahm

Foreign investments welcomed in Iran: CBI governor

TEHRAN- The Governor of the Central Bank of Iran (CBI) Valiollah Seif in a Wednesday meeting with Vice Chairman of China Investment Corporation (CIC) Li Keping admitted that to accelerate its economic growth, the Islamic Republic warmly welcomes attr

Ease of banking relations would speed up Iran-Netherlands ties: Zarif

TEHRAN- Referring to the large number of Iranian businessmen active in the Netherlands, the visiting Iranian Foreign Minister Mohammad Javad Zarif in a Thursday meeting with Dutch Economy Minister Henk Kamp, underscored that facilitation of mutual ba

Iran, Boeing deal on sales of 100 airliners

Iran’s aviation authority has announced the conclusion of an agreement with the US aerospace giant, Boeing, for the purchase of 100 passenger planes to renew the country’s ageing fleet.

Major rise in foreign investments in Iran

The Financial Times says the latest figures show that the volume of Foreign Direct Investment (FDI) in Iran has reached the highest level in years following the removal of sanctions against the country in January.

Russia supports Iran’s SCO membership

Russian officials have reiterated support for Iran’s membership in the Shanghai Cooperation Organization (SCO) and have emphasized that the process for Iran’s membership in the Organization need to be expedited

Iranian firm building first catamaran passenger ship

An Iranian company has begun to manufacture the country’s first catamaran passenger ferry with a capacity to carry scores of people

Buyers eyeing Iran’s Esfahan Steel Company

Esfahan Steel Company, Iran’s third-largest maker of the metal, is reportedly seeking buyers amid plans to boost production. Bloomberg says in a report that companies from South Korea and Luxembourg are interested in taking a stake in the company

‘Iran next to join emerging power SCO’

Iran is next to join the Shanghai Cooperation Organization (SCO) which will officially have India and Pakistan on its roster next week, Kazakh President Nursultan Nazarbayev has said

Exports of SP Phase 19 condensate to begin soon

Operator of Phase 19 of the supergiant South Pars Gas Field development project said the phase's first gas condensate cargo will be exported within the next few weeks.

Iranian firm building first catamaran passenger ship

An Iranian company has begun to manufacture the country’s first catamaran passenger ferry with a capacity to carry scores of people.

Iran, Boeing deal on sales of 100 airliners

Iran’s aviation authority has announced the conclusion of an agreement with the US aerospace giant, Boeing, for the purchase of 100 passenger planes to renew the country’s ageing fleet.

Lukoil ready to invest in Iran

Lukoil is ready to reenter Iran and is hopeful that the necessary laws will be in place soon, with the terms of the International Petroleum Contracts (IPCs), likely to be unveiled by October, its Chief Executive Vagit Alekperov said Thursday.

IRAN SEA EXPO SUMMIT AND EXHIBITION 24th To 26th September 2016 Tehran -Iran

International Maritime exhibition and Summit of Islamic republic of Iran

Rouhani to finalize rail deal in Baku visit

Iran and Azerbaijan are expected to finalize a deal to create a crucial rail link during the upcoming visit to Baku by the Iranian President Hassan Rouhani

Turkey to triple trade with Iran to $30bn

Turkish Customs and Trade Minister Bulent Tufenkci says the country has serious plans to triple trade with Iran to $30 billion “as soon as possible”

Iran, Russia eyeing Sukhoi Superjet deal

Iran says it is looking into a plan to jointly produce Sukhoi Superjet 100 (SSJ 100) airplanes with Russia – what could take the Islamic Republic to the club of global plane makers if materialized

Iran says Boeing deal biggest with US ever

Iran says it expects an emerging deal to purchase planes from US aerospace giant Boeing to become the biggest civil trade agreement between the two countries after the 1979 Islamic Revolution

Tehran, Yerevan discuss electricity exports

Iran and Armenia are in talks on the export of electricity and related goods and services. The talks were conducted between Niroo (Power) Research Institute of Iran (NRI) and Armenia's Scientific Research Institute of Energy (SRIE) in Tehran.

Mining sector accounts for 16% of non-oil exports

Iran's Ministry of Industry, Mine and Trade announced that mineral products constituted 16.5 percent of the country's total non-oil exports in the year to March 19.

Iran safe for foreign investments

Iranian Foreign Minister Mohammad-Javad Zarif said Sunday that the world needs to face the fact that Iran is the most secure and lucrative market for investments, semi-official Mehr news agency reported.

Iran to set up financial hub in south

Iran says it is preparing to launch a financial hub in its southern Qeshm Island – a plan which is expected to facilitate the country’s overseas financial transactions currently under strains as a result of the remaining US sanctions

Iran deal allows for sales of passenger planes: Kirby

The spokesman of the US State Department says Iran’s historic nuclear agreement with the permanent UN Security Council members plus Germany (P5+1) allows Western jet manufacturers to trade with Tehran

Iran signs contracts with major European companies for crude sale

Iran has signed contracts with major European companies for the sale of crude oil, five months after the implementation of the last year’s nuclear agreement between Tehran and six global powers, a senior Iranian official says

Iran-Pakistan gas pipeline to complete by 2018

The Pakistani minister for petroleum and natural resources has reportedly said that a long-awaited gas pipeline project between Iran and Pakistan will complete by 2018

BP ready to invest in Iranian oilfields

British oil and gas giant BP has expressed readiness to invest in the development of certain Iranian oil fields, said a deputy oil minister.

Iran to launch two more phases of South Pars gas field

A senior Iranian energy official says the country will launch two more major phases of the huge South Pars gas field project in the Persian Gulf in the second half of the current Iranian calendar year (started March 20)

Shell starts to buy Iran’s oil

Traders say Royal Dutch Shell has resumed purchases of Iranian crude. The company has now become the second major oil firm after Total to restart trade with Tehran after the lifting of sanctions against the country in January

Seoul to up Iran condensate imports

Traders say they expect South Korea to step up purchases of the ultra light oil from Iran by more than 50 percent in June

Iran bank joins euro payment system

Iran says one of its London-based banks has joined the euro payment system, in what could be another breakthrough for the country to remove technical hurdles created as a result of multiple years of sanctions

Iran firms set for $2.4bn ship deals

Iran has placed orders worth around $2.4 billion with South Korean shipyards for the construction of ships to carry Iran’s oil and petrochemical products, The Wall Street Journal says

Iran launches direct flights to Astrakhan

Iran has opened direct flights between Tehran and the Russian city of Astrakhan to boost trade ties between the two countries, local media reported Tuesday, citing a senior official with the Trade Promotion Organization of Iran

Iran sells over 15mn tons of cement overseas

A new report says Iran exported more than 15 million tons of locally produced cement over the last Persian calendar year (ended March 19)

Iran Air eyeing ‘historic’ deal with Boeing

Iran Air - the national flag carrier airline of the Islamic Republic – says it is discussing what is seen as a “historic aircraft purchase deal” with global aviation giant Boeing

Jump in foreign investments in Iran’s OTC

Iran’s media have reported a major rise in foreign investments made in the so-called over-the-counter (OTC) market or better known in Tehran as Fara Bourse

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 regaining lost oil market share faster

The latest market figures show that imports of Iran’s oil by the country’s Asian clients increased by more than 13 percent in April from a year ago, confirming recent indications that the country is regaining the share of the oil market it lost as a

Iran to award power plant deal to Turkey

Turkey’s media reported on Tuesday that Iran is preparing to award a major deal to Turkish private companies for building a power plant in the Islamic Republic

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

‘Norwegian company after major gas deal with Iran’

Norway’s oil and gas giant Hemla Vantage seeks to seal a $600 million energy deal with Iran on the production and export of liquefied natural gas (LNG) and liquefied petroleum gas (LPG), a report says

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

Rosatom eyeing Iran heavy water deal

Russia announced on Monday that the country’s nuclear agency Rosatom is considering the possibility of buying heavy water from Iran

Iran inks economic agreements in Finland, Poland

Iran has struck a number of economic agreements worth some 1.2 billion dollars during an Iranian delegation’s trip to Poland and Finland, says an official

Iran in talks with giants on mining plans

Iran said on Thursday that it is discussing with several global industrial giants over investments in the country’s key mining projects

Events and News Department

Our Events and News Department is uploading news about business in Iran o our website on a daily basis, we are partners in many international events.

Business Advice Department

With more than a decade of experience, we know the International Business inside out. Our experts have helped many traders through the complex process of establishing a business and investing overseas and in Middle East.

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UK Trade Mission to Iran 24th to 28th September 2016

The Middle East Association (MEA) will be facilitating a Trade Mission to Iran, in conjunction with M-Power Enterprises. The Mission will last from the 24th to 28th September and will centre on the 11th Annual Iran Water & Wastewater Exhibition (Wate

Iran, Poland sign economic agreements

Iran and Poland on Monday signed three basic agreements to promote cooperation in several economic areas

Major rise in Germany’s exports to Iran

The latest official figures show that German exports to Iran rose significantly in the first quarter following the removal of international sanctions against the country

SAIPA, SK Networks seal $1bn deal

Iran said on Sunday that a deal has been signed with South Korea’s SK Networks to provide $1 billion in funds for the procurement of auto parts and car production materials

Iran, Poland sign economic agreements

Iran and Poland on Monday signed three basic agreements to promote cooperation in several economic areas

"FOCUS IRAN SUMMIT 26th – 27th SEPTEMBER 2016 TEHRAN, IRAN AT "ESPINAS PALACE HOTEL

International Finance Magazine and Open Iran Group's "FOCUS IRAN SUMMIT" aims to nurture partnerships for global investment banks, trade and business councils, PE and asset management firms, venture capitalists, legal counsel and academia, techno

Who will win over the Iranians?

The battle for investment opportunities has just begun as the Middle East superpower opens itself to the world

"Kish Invex 2016" 31st Oct.- 3rd Nov. 2016 Kish International Exhibition Center

Open Iran Group Co-Organizing The 3rd Kish International Exhibition of Exchange, Banking, Insurance and Privatization and the 8th International Exhibition for Presenting Iran’s Investment Opportunities, are about to be held simultaneously in November

Austria’s Oberbank and Raiffeisen Bank connected to Iran market

A senior Iranian trade official says Austria’s Oberbank and Raiffeisen Bank International (RBI) are now connected to Iranian banks.

Major rise in Germany’s exports to Iran

The latest official figures show that German exports to Iran rose significantly in the first quarter following the removal of international sanctions against the country.

EU firms barter auto parts in Iran petchem deals

Reports by Western media show that European energy firms are using barter schemes to dodge banking obstacles in their efforts to purchase petrochemical products from Iran.

Iran - Travel film by Tolt

Don't go to Iran - Travel film by Tolt

International Conference «Heavy Iran 2016»

n the near future all sanctions against Iran may be lifted, and almost USD 150 billion on bank accounts will be released. The country is awaiting a real investment boom not only in oil and gas sector, but in all spheres of economy, including machine

Iran exports biological drugs technologies

An Iranian official says Iran is now exporting the technologies and expertise of many biological drugs to other countries.

Tata Motors to set up car unit in Iran

India’s media reported on Monday that the country’s Tata Motors is in talks with Iran’s auto giant Iran Khodro to set up a car production unit in the country.

3rd International Conference on Solar Energy, Tehran , Iran 5 - 6 September 2016

University of Tehran is pleased to announce for the 3rd International Conference on Solar Energy. The Solar Energy Conference will be held on 5-6 September 2016 at University of Tehran. This event provides an opportunity to bring together researchers

US finalizing deal to buy Iran heavy water

The US media have reported that the administration of President Barack Obama is moving to finalize a deal with Iran worth $8.6 million to buy heavy water from Iran

India to sign Iran port deal during Modi trip

India said on Friday that it will sign a contract with Iran to build and run a strategic port in the country’s southeast during the next visit to Tehran by Prime Minister Narendra Modi

Iran, New Zealand agree on agricultural cooperation

The Islamic Republic of Iran and New Zealand have reached an agreement to work jointly in different areas of agriculture

Inflation rate glides down in Iran by over half a percent

Latest official data shows the inflation rate in Iran has descended in the second month of the Iranian calendar year

Top Siemens official highlights Iran's huge economic potential

Iran has the potential to become a major economic power given its high reserves of natural resources and its highly skilled population, said a member of the managing board of German electronics giant Siemens in an interview with IRNA in Berlin.

South Korea to build 800-bed hospital in Tabriz

Chancellor of Tabriz University of Medical Sciences Mohammad Hossein Soumi said on Thursday that South Korea is to construct a 800-bed hospital in Tabriz.

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.

Iran, Azerbaijan to discuss joint bank

Iran says it is working on a plan to establish a joint bank with Azerbaijan and that the idea will be raised during a meeting between top economic officials of the two countries in less than a day

India's Essar April oil imports from Iran jump 48%

India's Essar Oil, the top Indian buyer of Iranian crude, imported 47.7 percent more Iranian oil in April compared with a year ago, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters termina

Iran-Japan credit line can help boost cooperation in water sector

An Iranian official has expressed hope that a credit line between Tehran and Tokyo would contribute to the implementation of joint ventures on water management systems.

Ministry Meeting organized by Open Iran for UK Delegation

17:47 (Tuesday, May 10, 2016) TEHRAN, May 10 (Shana) -- Deputy Petroleum Minister for International Affairs Amir Hossein Zamanin Nia conferred with visiting UK trade delegation on bilateral cooperation

Croatian president to visit Iran next week for talks

Croatian President Kolinda Grabar-Kitarovic is scheduled to pay an official visit to Iran to hold talks with the country’s officials on a range of issues.

Bosch to open business, hire staff in Iran

German auto parts supplier Bosch is opening an office in Tehran and plans to hire 50 personnel by the end of this year because it sees growing potential in Iran's car market following the lifting of international sanctions.

Iran, Norway ink MoU on oil industry cooperation

Iran's Research Institute of Petroleum Industry and Norway's International Aker Solutions Company signed a memorandum of Understanding (MoU) to broaden cooperation in the oil industry.

Japan eyes development of Iranian port: Report

A new report says Japan seeks to play a part in the development of the southeastern Iranian port of Chabahar

Tehran, Berlin ink agreements on water

Iranian and German officials reached understanding on cooperation in the water supply and sanitation sector.

Iran exports 2.1m barrels of oil per day

Deputy Minister of Petroleum Roknoddin Javadi announced that Iran's daily oil exports touched the figure of 2.1 million barrels during the current Iranian month of Ordibehesht (started April 20)

Umcebo Capital Limited

Umcebo Capital Ltd is the Investment Manager to the Umcebo Managed Fund (Cayman Islands). We are seeking investment from eligible, sophisticated Investors within Iran. Target ROI is 8-10% per month, with our beta test performance earning 300% for 201

Iran pushing for global banking reintegration: CNBC

The Central Bank of Iran (CBI) is pushing to reintegrate Iranian banks into the global banking system, says a CNBC report

Korean pres., biggest trade team due in Iran

South Korea’s president heads to Iran on Sunday in a landmark visit targeting billions of dollars of economic and energy deals

British economic-cultural delegation due in Iran May 7 – OPEN IRAN NEWS

The Middle East Association is going to dispatch a large delegation to Iran with the hope to help British companies find new opportunities of cooperation in a variety of fields.

OPEN IRAN NEWS : Heavy transport firms in Iran seeking future business (EXCLUSIVE)

Some scores of heavy transportation companies are meeting in Iran to explore the country for business opportunities, seizing the removal of sanctions that is going to give the country an economic boom. Trend has conducted interviews with a number of

OPEN IRAN NEWS : Iran / Russia: “Heavy Iran” Conference Held Successfully (27 April 2016)

The first after JCOPA conference on heavy transportation issues was held here in Tehran under the title of “Heavy Iran 2016” as announced before here at PIMI news headlines:

Europe refiners step up Iran oil imports

Two more European refiners have booked oil cargoes from Iran since sanctions were lifted on Tehran which is ramping up production to regain market share.

Pour Seyed Aqaei: Tehran-Mashhad express train on track in four years

Following the removal of Western sanctions on Iran in January, Iranian infrastructure organizations devised plans to absorb foreign investments in projects using modern technologies. Given its strategic status, development of roads, marine and aviati

Iran reports huge rail purchase from India

Iran said on Sunday that it had made a major purchase of rails from India, adding the payment for almost the entire of the purchase had been made by New Delhi

Zuma wants trade with Iran to rise to $8bn

South Africa’s President Jacob Zuma said in Tehran on Sunday that his country plans to increase the volume of trade with Iran to as high as $8 billion by 2020

Iran sets new steel export record

Iran said on Sunday that it had exported 4.1 million tons of steel in the past Persian calendar year which ended on 22 March 2016 thus setting a new record in sales of the strategic product to international markets

Bombardier to set up own airline in Iran

Canada’s global aviation firm Bombardier is reportedly planning to launch its own airline in Iran – a groundbreaking move that could help boost air trips between Iran and Northern America

Big construction deals on horizon during Park's Iran visit

South Korean construction companies are set to sign a series of big development projects in Iran when a business delegation visits the Middle Eastern nation next month to promote bilateral economic ties, industry officials said Saturday.

President Rouhani welcomes South African counterpart in Tehran

President Hassan Rouhani officially welcomed his visiting South African counterpart Jacob Zuma here on Sunday.

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.

Iran-Azerbaijan trade turnover up 53%

Trade turnover between Iran and Azerbaijan increased by 53 percent in the first three months of the current year, said Iran's Communications and Information Technology Minister Mahmoud Vaezi.

South Africa president due in Tehran tomorrow

The President of South Africa Jacob Zuma will lead a high-level delegation on a state visit to Iran on Sunday and Monday.

UK Trade Mission to Iran, May 2016 Multi-Sector 7 to 11 May 2016

With local coordination of Open Iran Group, this multi-sector Mission will visit Tehran from 7th to 11th May 2016 The mission leaders have first-hand experience in doing business in Iran and will give delegates full in-market support. Delegates wil

Iran says Russia top investment priority

Iran’s Parliament Speaker Ali Larijani said on Thursday that the country attaches a great significance to its relations with Russia, stressing that Russia will be prioritized in any industry it wants to invest in the Islamic Republic.

US company seeks Iranian petrochemical products

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

President Rouhani: Gov't working for better relations with world

President Hassan Rouhani underlined that Iran will do its best to improve its relations and communications with different world countries.

Iran seeks more oil tankers for growing crude exports: Reuters

A new report points to Iran’s ‘need’ for additional oil tankers in its ‘aging’ fleet to handle a surge in the country’s foreign crude shipments.

EU sees significant role for Iranian LNG in Europe

Iranian liquefied natural gas could start to play a significant part of the European Union's energy mix after the next three to four years, the bloc's energy chief said after meeting officials to map out future energy ties.

‘New Tehran-Hanover flight route coming’

A top German official said in Tehran on Sunday that a new direct flight route will be soon established from Iran to Hanover

Rouhani lauds India role in Chabahar plan

Iran’s President Hassan Rouhani said on Sunday that the development of the country’s southeastern port of Chabahar will help connect India with Central Asia and will mark a new chapter in relations between Tehran and New Delhi

New German delegation due in Tehran

Germany announced on Thursday that a delegation from its northwestern state of Lower Saxony will arrive in Tehran on Friday to hold talks with Iran’s state officials on issues of mutual interest

First Air France jet in years lands in Iran

Iran’s media said on Sunday that the first Air France plane had landed in capital Tehran after a hiatus of eight years

Italy to invest €4b in Iran railway sector

An Italian official said his country will invest €4 billion in Iranian railway sector.

Markazi Province hosts 30,000 foreign tourists

Markazi Province has always been a main destination for Iranian and foreign tourists in view of its numerous tourist attractions, including historical monuments. The city of Mahallat — famous for its large flower gardens — has augmented the province

South Korea imports 80% more Iran oil year-on-year in March

South Korea's imports of Iranian crude oil surged 81 percent in March from the same month a year earlier following the lifting of sanctions against Iran, customs data showed on Friday.

Iran, EU ready to promote bilateral cooperation

Iran and the European Union have underscored their determination to promote their bilateral relations in various areas, particularly economy, as well as cooperation on other issues of international importance.

Iran's exports to US increase by six times

Iran’s media reported on Thursday that the country’s exports to the United States increased six times over a period of 11 months starting March 2015

Iran, Kazakhstan to build joint shipping company

The Islamic Republic of Iran and Kazakhstan have agreed on the establishment of a joint shipping company

Norway to launch Iran’s first FLNG plan

Iran says it is working on a plan with a Norwegian company to build a floating facility to liquefy natural gas in the Persian Gulf

Iran ready to increase oil exports to India

Iran said on Saturday that it is ready to increase its oil exports to India from the current volume of 350,000 barrels per day (bpd) now that the sanctions that had previously hampered Iranian oil export plans have been lifted

Iran says Boeing team coming to Tehran

Iran says a top-level delegation from global aviation giant Boeing will arrive in the country within the next days to discuss potential areas of cooperation with Iranian companies

Boeing offers to sell three new aircraft models to Iran

US plane maker Boeing has proposed to sell new models of its 737, 777 and 787 aircraft to Iran and promised after-sales support, a top Iranian aviation official says

Iran, India sign oil, energy agreement

Iran and India have signed an agreement to boost oil and energy cooperation

India vows to invest $20bn in development of Iran’s Chabahar port

India says it is ready to invest $20 billion in the development of Iran’s southeastern Chabahar port – a move that would enable New Delhi to dodge Pakistan and establish a strategic connectivity to Afghanistan as well as the Central Asia

‘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

India, Iran move to expand energy ties

Indian Oil Minister Dharmendra Pradhan will visit Iran in the coming days for important talks, including on purchase of more oil, development of a giant gas field and investment in petrochemical projects

India’s crude imports from Iran highest in five years

India’s crude oil imports from Iran have topped 500,000 barrels per day (bpd), reaching the highest level in at least five years

EU banks start re-engaging with Iran

European banks have reportedly started to re-engage with Iran after over two months from the removal of sanctions against the country

First Iran cargo ship docks at Hamburg

Iran this past week resumed trading with the West when a container ship belonging to one of its key shipping companies docked at Hamburg

‘Germany’s VW close to Iran auto deal’

Iran said on Sunday that Germany’s auto giant Volkswagen is expected to seal a deal with an Iranian partner in the near future to invest in the country’s car industry

Iran to lift visa with 28 countries

Iran said on Saturday that it is pursuing a plan to lift visa requirements with 28 countries in an effort which is meant to help boost the mutual tourism ties with the target countries

Iran, Pakistan seek to increase trade volume to $5bn

Iran and Pakistan have agreed to adopt necessary strategies and make use of their capacities to increase the volume of bilateral trade to USD 5 billion

Iran’s trade balance turns positive over ‘lower’ imports

New data by the Islamic Republic of Iran Customs Administration (IRICA) shows ‘unprecedented’ surplus in the country’s foreign trade over the past Iranian calendar year (ended March 19)

Prince Charles wants to visit Iran: Paper

Britain’s Prince Charles plans to visit Iran for the first official royal trip in more than 40 years, The Sunday Times reports

Iran to begin producing cars in Oman in 2017

A joint venture to manufacture cars in the Persian Gulf sultanate of Oman by Iran will begin in a year, an Iranian official has said

Iran, Austria sign major basic deal

Iran says it has signed a basic agreement with Austria to promote mutual cooperation with the country in multiple industrial fields

28 - 27 April 2016, International Conference, Heavy Iran 2016

We are pleased to announce the 1st International Conference «Heavy Iran 2016», April 27-28, «NOVOTEL», Tehran, Iran.

Iran Reisen - Höhepunkten des Irans

Iran Reisen - Höhepunkten des Irans

Shiraz -Iran

Shiraz -Iran

Iran Demographic Overview

Iran Demographic Overview

Open Iran Workshop, Biokube

Open Iran Workshop, Biokube

2nd Iran-Europe Business and Banking Forum

2nd Iran-Europe Business and Banking Forum

2nd Iran-Europe Business and Banking Forum

2nd Iran-Europe Business and Banking Forum

Swiss MSC to expand services to Iran

Iran said on Sunday that the world’s second largest shipping company MSC from Switzerland will soon expand its services to the country’s ports

South Korea to build steel mill in Iran

South Korean steelmaker POSCO - the world's sixth-biggest steel producer - has announced a plan to help build a $1.6 billion steel mill in southeastern Iran

Russia plans ‘green corridors’ for Iran

Russia says it is establishing “green corridors” on its Caspian coasts to receive agricultural products from Iran

Foreign Firms Keen to Invest in Iran’s Power Projects: Official

TEHRAN (Tasnim) – The managing director of Iran Water and Energy Resources Development Company said Tuesday that several foreign firms have shown eagerness to build hydroelectric power plants in Iran

Swiss president to visit Iran Friday to expand ties

Swiss President Johann Schneider will visit Iran on Friday to expand Bern-Tehran relations in economic and political fields.

Bank Muscat plans to open branch in Tehran

Muscat: Bank Muscat, the Sultanate’s biggest financial institution, plans to open a branch in Tehran, said a senior official of Central Bank of Iran here on Wednesday

Iran offers ample investment opportunities for Oman

Muscat: Iran offers ample investment opportunities for Omani entrepreneurs as the country is gearing up to execute several projects in a wide range of industries

Boeing Co. is Finally Open for Business in Iran

The U.S. government cleared the manufacturer to begin talking with approved Iranian carriers about their fleet needs, a first step toward entering the country’s resurgent aircraft market, Boeing (IW 500/12) said Friday

India approves US$150 million credit line for Iran's Chabahar port

NEW DELHI: India's cabinet on Wednesday approved a US$150 million (118 million pounds) credit line for the development of Iran's Chabahar port, the government said in a statement

Singapore business delegation heads to Iran

TODAY reports: Minister for Trade and Industry (Industry) Mr S Iswaran will accompany a 57-strong delegation to Tehran to explore new opportunities as the country reintegrates into the global economy

SBP Clears Financial Transactions With Iran

ISLAMABAD: The State Bank of Pakistan has cleared all commercial banks and financial institutions for business with Iran, paving the way for the two countries to resume regular business activity that was hampered by years of sanctions

US companies seek to enter Iran petrochemical sector

A deputy to the Iranian petroleum minister said American companies are in line to participate in Iran’s petrochemical industry.

Iran discussing investments with US firms

Iran said on Saturday that it has started preliminary talks with some American companies over certain investment projects in the country.

Japan Keen to Invest in Iran’s Market

TEHRAN (Tasnim) – A senior Japanese official voiced the Asian giant’s eagerness to immediately revive economic relations with Iran and take the ample investment opportunities in its market

Norway says its wealth fund can invest in Iranian bonds

Feb 18 Norway's sovereign wealth fund, the world's largest, will be allowed to invest in Iranian government bonds following the signing of the Joint Comprehensive Plan of Action by Iran, the Nordic country's finance ministry said on Thursday

Iran-Pakistan banking channels to reopen soon

Governor of State Bank of Pakistan (SBP) Ashraf Wathra said the country's banking channels with Iran will be reopened in the near future.

Water & Waste water Projects in Iran

Description: Wastewater treatment plants Rural, small communities and residential complexes Consumption management and installation of intelligent meters Implementation of water supply plans

Power projects in Iran

Iran’s power industry requires investments of USD 24 billion in the short and medium time Iran would like to interest international power and energy companies in investing in Iran’s power business by offering buyback contracts

Amazon River

This travel with lots of vicissitudes and adventures took 4 days, it started from Karaj and continued through passing Chaloos, Arangeh, Gachsar, Kandovan, Siahbisheh, Marzan abad which all are located in Chaloos road and finally it ended in Chaloos c

Iran seeing growing foreign guests after nuclear deal

Iran made a deal with six world powers for more global engagement and booming economy. The deal, implemented on January 16, ended sanctions which had brought the country’s economy to its knees.

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

Russian companies gearing up for Iran business

A new report says Russian companies are making a dash for Iranian market following the recent removal of anti-Iran sanctions

Iran rail expansion chugs on with major deal

Iran has signed an agreement, including 5 billion euros in export credits from Italy, to expand and modernize its rail network

EU airlines to launch flights to Iran soon

Iran said on Thursday that several leading European airlines have presented plans to start making extraordinary trips to its Imam Khomeini International Airport (IKIA) in late March

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

BASF to invest $4bn in Iran petchem plan

Iran said on Friday that Germany’s BASF – the world’s largest chemical producer – plans to make an investment of as much as $4 billion in its petrochemical industry

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

Iran, Japan sign investment pact to lure wary Japanese firms

Iran and Japan signed an investment agreement on Friday following the lifting of sanctions on Tehran last month, aimed at encouraging investment in the Iranian economy from Japanese companies wary of remaining US restrictions

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

Establishment of Foreign Representatives and Branch Offices in Iran

January 2016--The Registration of Companies Act, the Law for Allowing the Registration of a Branch or Representative of Foreign Companies and its By-law, the Law of Protection of the Rights of Consumers and certain other legislation lay down rules fo

Russia’s GAZ in Talks to Launch Assembly Line in Iran: Report

TEHRAN (Tasnim) – GAZ Group, Russia’s leading manufacturer of commercial vehicles, is in talks for cooperation with a number of Iranian automobile manufacturing companies in the wake of the termination of anti-Tehran sanctions, a report said

Russia’s GAZ in Talks to Launch Assembly Line in Iran: Report

TEHRAN (Tasnim) – GAZ Group, Russia’s leading manufacturer of commercial vehicles, is in talks for cooperation with a number of Iranian automobile manufacturing companies in the wake of the termination of anti-Tehran sanctions, a report said

Swiss Firm TOLGA Eager to Invest in Iran’s Solar Industry

TEHRAN (Tasnim) – A leading Swiss photovoltaic (PV) company expressed willingness for presence and investment in Iran’s market following the termination of anti-Tehran sanctions

Swiss company loads Iranian oil for European consumers

Glencore PLC, the Switzerland-based mining and trading giant, has become the first Western company to load oil of energy-rich and sanctions-free Iran.

Airbus eyes long-term cooperation with Iran

Airbus Group CEO announced that his company seeks long-term collaboration with Iran aiming to play a role in boosting Iran-EU ties.

water and waste water projects in iran

Implementation .of projects related to collection of wastewater in prioritized villages Type of Investment: Build – Operate – Transfer BOT

France’s Vinci eyes construction of bullet train stations in Iran

The Chief Executive Officer (CEO) of Vinci SA, a France-based company, said the group is in initial talks with Iran over construction of high-speed train stations in the Islamic Republic following the termination of anti-Tehran sanctions.

Japanese companies to get investment guarantees

TOKYO -- The Japanese and Iranian governments are planning an arrangement that would encourage Japanese companies to invest in Iran now that economic sanctions on the oil-producing country have been lifted

Minister Calls for Japanese Automakers’ Investment in Iran

TEHRAN (Tasnim) – Iranian Minister of Economic Affairs and Finance called on the giant automaker Toyota and other Japanese auto manufacturing companies to invest in Iran as much as their French rivals, including Peugeot-Citroen and Renault, which are

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

MDwind to invest in Iran’s energy sector

MDwind, a giant European company engaged in installation and maintenance of wind turbines, will invest in Iran’s energy sector, the company’s head Matthieu Dessailly said, IRNA news agency reported

First Europe bank to open Iran office

Austria’s Raiffeisen Bank International (RBI) says it wants to open a branch in Tehran “as quickly as possible,” becoming the first foreign lender to set up shop in Iran after the lifting of sanctions.

Iran exports $110m saffron in 10 months

Iran exported more than 76 tons of saffron worth $110 million in the ten months to January 20.

Rouhani invites U.S. firms to invest in changing Iranian economy

DUBAI Iran has no problem with U.S. companies investing in its economy and creating joint ventures, President Hassan Rouhani said on Tuesday, and he called for foreign investment and diversification away from oil

Iran, France to sign 20 deals, including Airbus purchase, within hours

French oil major Total said it would sign a deal to buy crude oil from Iran, according to AFP

Developing Relations With Iran: Europe’s Large-Scale Strategy – Analysis

Italy and France were destinations for Iranian President Hassan Rouhani’s first official trips following the removal of sanctions that had been imposed on Iran over its peaceful nuclear program

Global interaction conditions different from past - Rouhani

Iranian President Hassan Rouhani said that conditions for interaction with the world have changed drastically introducing tourism industry as a sector that generates employment, Irna reported

Rouhani invites U.S. firms to invest in changing Iranian economy

Iran has no problem with U.S. companies investing in its economy and creating joint ventures, President Hassan Rouhani said on Tuesday, and he called for foreign investment and diversification away from oil

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

Linde, Mitsui plan $4bn investment in Iran

Germany-based Linde, a leading industrial gases company, and Japan’s Mitsui Chemicals plan to invest $4 billion into petrochemical projects in Iran, said a senior official in a report

German Foreign Minister Steinmeier due in Tehran on Tuesday

German Foreign Minister Frank-Walter Steinmeier will pay an official two-day visit to Tehran to hold talks with senior Iranian officials.

Iranian President Hassan Rouhani in Paris to court investors

Iranian President Hassan Rouhani arrived in Paris on Wednesday on the second leg of a whirlwind tour promoting his country's opening to the world economy now that nuclear-related sanctions have been lifted

Rouhani: Investment in Iran ‘guaranteed enough, profiting’

TEHRAN, Jan. 28 (MNA) – Iran’s Hassan Rouhani has ensured French would-be investors that their investment will be profiting and will have enough guarantee

Iran Khodro, Peugeot of France sign a deal

Iran Khodro car maker from Iran and Peugeot of France signed a deal on Thursday to broaden mutual cooperation on automobile industry in Iran, IRNA reported.

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

Austrian president, in Tehran, expects growing trade with Iran

TEHRAN (Reuters) - Austrian President Heinz Fischer, the first Western head of state to visit Iran in more than a decade, told his hosts on Tuesday of his hopes for economic gains for both countries as relations with Tehran thaw

Iran 'ready for investment': Rouhani in Paris

PARIS (Reuters) - Iran's President Hassan Rouhani said at the start of a visit to France that his country stood ready to welcome investment and there were no longer obstacles to foreign investors

Iran, Germany's Siemens ink $1.6b deal

The chief executive officer of Siemens AG, Europe's biggest industrial group, said the German company signed a memorandum of understanding (MoU) with Iran on transportation services.

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

Griffon Starts $108 Million Fund to Invest in Iranian Stocks

Griffon Capital, a Tehran-based firm set up by a group of international and Iranian investors including Xanyar Kamangar in anticipation of Iran’s nuclear deal, is seeking to raise 100 million euros ($108.2 million) by the end of the year for a new of

Iran seeks investment in capital markets

Iranian fund managers hope to give overseas investors more exposure to the country’s equities after the lifting of many international sanctions last week

Consider establishing your company in Free Zones

There is no doubt, Iran has a lot of potential: a domestic market of 80 million people, 93 billion bbl or approximately 9% of the world’s proven oil reserves, 21 trillion cubic meters or 15% of the world’s proven gas reserves, 11 petrochemical comple

Chinese car makers invest in Iran

One key part of the cooperation between China and Iran focuses on the car industry. For over ten years, Chinese car makers explore this market in Iran as the demand there continues to increase

Iran says SWIFT now open to 12 more banks

Iran has named 12 domestic banks that it says have now been reconnected to SWIFT, the global provider of secure financial messaging services, after the recent removal of economic sanctions against the country

Iran is world's biggest emerging market since collapse of Soviet Union, says Lord Lamont

Iran is the world’s biggest emerging market since the collapse of the Soviet Union 25 years ago, according to the politician given the job of opening up trade relations – but Britain is languishing behind rivals in its share of business

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

Greece to restart crude oil purchases from Iran

Greece's biggest oil refiner Hellenic Petroleum agreed on Friday to buy crude oil from the National Iranian Oil Company (NIOC), the first European refiner to restart trade relations with Iran after the lifting of international sanctions, Reuters repo

Iran capitalises on sanctions removal with slew of deals with western businesses

Western businesses are jockeying for investment opportunities in Iran as the country regains access to the global financial system following the lifting of sanctions at the weekend

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

Companies rush to invest in Iran after deal

DUBAI — Iran ordered a sharp increase in oil output yesterday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation

Italy to Offer Financing for Investment in Iran

Italian government is working to help companies get closer to investors and prospective clients in Iran

Iran emerges as market of the future

After years of tough United Nations sanctions on Iran, on areas such as banking, steel, shipping and aviation, global companies are hoping to cash in on the expected trade boom. And it is not just about pumping more oil.

Presence of Dr. Hossein Naseri in the superior economic meeting committee of Iran and Brazilian delegation.

This conference began at 16:00 local time at the union bank and stock exchange in Sao Paulo ,Brazil

Iran emerges from the shadows with huge untapped potential

Officials plan to increase oil production immediately by about 500,000 barrels per day. After that, the next priority is getting access to up to $150 billion of frozen assets to help rebuild an economy that analysts say has the potential to be the "G

Petrochemical industry Investment opportunities

Developmental projects with an investment of 40 billion dollars has been set as the goals of the next 5-year Development Plan of Iran

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

Iran sanctions end: Cheaper oil, more trade opportunities for India

The lifting of the sanctions on Iran will benefit India with lower oil prices and more opportunities for trade, according to experts. It should also bring the proposed India-Iran gas pipeline closer to reality

Rouhani sees financial windfall as Iran sanctions are lifted

President Hassan Rouhani said Iran's financial resources will "increase significantly" after its compliance with the terms of an accord to curb its nuclear program paved the way for the removal of crippling economic sanctions.

Door now open to foreign investments in Iran: Rouhani

The door has now opened to foreign investments in Iran, including for U.S. firms, Iranian President Hassan Rouhani announced Sunday

Airbus plan heralds Iran boom after sanctions lifted

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

Iran: All sanctions to be annulled today

Iran’s Foreign Minister Mohammad Javad Zarif says “all oppressive sanctions imposed against the Islamic Republic will be annulled today.”

Iran up to attract €10bn oil investment

ICOFC managing director has estimated attraction of 10 billion euros of new investments in Iran’s central oilfields rejecting the halt of oil industry development owing to low production costs

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

Australia mulls mining investment in Iran, to open economic agency in Tehran

Australia will soon send a delegation of senior company officials from the mining, trade, and industry sector to Iran. To be led by the Minister for trade and investment, the visit may take place in May 2016

German companies' multibillion bids to invest in Iran petchems

A senior Iranian official says German companies seek to invest billions of dollars in Iran’s petrochemical sector following the lifting of anti-Iran sanctions

Denmark Plans Wind Energy Investment In Iran

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

Foreigners Keen to Invest in Iran’s Water, Power Industry: Official

TEHRAN (Tasnim) – An Iranian deputy energy minister said a host of foreign firms have shown enthusiasm for investment in Iran’s electricity and water industries, noting that regular meetings are underway to single out the most perfect from among them

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

Removal of sanctions: a chance to invest in Iran Mercantile Exchange

Iran has entered the 2016 with the good news of the removal of banking sanctions on exporting petrochemical products - a gift to Iranian banking sector, petrochemical industry and its Capital Market in particular the Mercantile Exchange

ECE Iran 5 and 6 March 2016, International Engineering and Construction Expo

ECE Iran 2016, International Engineering and Construction Expo 5 and 6 March, International Conference Center of the Islamic Republic of Iran Broadcasting (IRIB)

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

Narkangan Gas to liquid International Company

Gas to Liquid (GTL) is the conversion of natural gas to Petroleum products. These products are mainly Gas Oil and Naphtha

Sahar Oil Refinery

Establishing a plant for refining Iranian heavy export crude oil with an API of approximately 30. The refinery has the ability to work stable at a turndown ratio of 50% and an over design ratio of 110%. In second phase, the refinery capacity is expec

Fereshteh Hotel

The city of Tehran, with a population of approximately 12 million people, and as the capital of political and commercial; interactions of country, currently has never had a 5star rated hotel according International standards

Capabilities and Advantages of East Azarbaijan

Regarding to other actions for creating appropriate conditions, the awareness of the capabilities and opportunities in the province by the investment applicators is very important, for this purpose up to date information and publishing the capabiliti

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

Benefits of special zone and investment opportunities

Possibility of using 35-hectare land of Negin Island (expandable to 70 hectares) for investment and benefiting from advantages of special zones and exclusive road access to the Persian Gulf Highway (Bushehr-Borazjan)

Capabilities and Investment Potentials of Hormozgan Province

Regarding the scarcity of resources and the need to optimize them in order to increase economic growth, it is necessary to identify the relative economic advantages of a region and lead the investment resources to the most productive and efficient se

Hormozgan Investment License Issuance Process Guide

Today, investment is the most significant element in connecting the domestic economy, especially that of the developing countries, to the world’s economy and plays a significant role in transferring capital, technology, expertise, and management in o

Investment Opportunities of Hormozgan Province

Today, investment has emerged as a science in economic literature and has opened a new gateway toward the development in countries.

Industrial investment opportunities in Yazd

Always known for the quality of its silk and carpets, Yazd today is one of Iran's industrial centers for textiles. There is also a considerable ceramics and construction materials industry and unique confectionery and jewellery industries.

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.

Kish Island tourism investment opportunities

Kish Island with an area of 91 square kilometers, about 43 kilometers beach and the overall shape of the oval, at a distance of 18 km Levantine port ( Aftab port )- Iran joined land - is located in the Persian Gulf .

Company Registration in Anzali Free Zone

Registration of Foreign Companies and Receiving Registration Form Variety of companies and non-commercial institutes can register their company in the region with minimum bureaucracy.

Anzali Free Zone And Economic and Geographic Advantages

Easy access to north & south ports of Europe through Volga River & Volga-Den (bay)

Anzali Free Zone And Legal and Trade Advantages

The possibility of unlimited investment for both Iranian and Foreign nationals * Full protection and guarantee of foreign investment.

Anzali Free Zone And Investment Opportunities

The m ain goal of many under development countries is accessibility to stable development and rising up their national revenue by promotion of export an d production capabilities since the more production and export means the better economic developm

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

Establishment of Cement Factory-Khorram Abad

Establishment of Cement Factory with 3.300 ton/day and 1.000.000 ton/year Capacity has started the project in a Piece of land with the area of 100 Hectares in Khorram Abad Province , the capital of lorestan state in south west of the country of Iran

alumina production from Navid Group’s Bauxite mine

Alumina powder production which is the most important material for producing Aluminum bar is the ultimate output of this project. The raw material of which is extracted and produced from Navid Mine in Semnan

Installation of 25 MW Power Plant in Babolsar

Distributed Generation (DG) development is targeted to reduce electrical wasted energy and environment problems in IRAN by ministry of energy. In this way, Mazandaran province has a special situation because of geographical and environmental cond

Shahid rajaee port special economic zone

Taking measures to reduce freights of transporting cargoes to Iranian ports, and expediting the process of loading and unloading cargoes, and reducing the waiting time of vessels to support the economy of the country.

Anzali trade-industrial free zone

Bandar Anzali as the most equipped and most modern Caspian Sea port due to the unique geographical position as the only free port in the area,has the significant role in development of North – South(Nostrac) corridor. Since this Port is being located

East Azarbaijan And Tabriz

The province covers an area of approximately 47,830 km², it has a population of around four million people. The historical city of Tabriz is the most important city of this province, culturally, politically, and commercially.

zanjan

Zanjan is known for its beautiful handcrafts such as knives, traditional sandals, called charoogh, and malileh, a handcraft made with silver wires.

Mazandaran

Mazandaran Province is a Caspian province in the north of Iran. Located on the southern coast of the Caspian Sea, it is bordered clockwise by the Golestan, Semnan, Tehran, Alborz, Qazvin, and Gilan provinces. Sari is the largest and the capital city

Gilan

The northern part of the province is part of territory of South (Iranian) Talysh. At the center of the province is the main city of Rasht. Other towns in the province include Astara, Astaneh-e Ashrafiyyeh, Fuman, Lahijan, Langrud, Masouleh, Manjil, R

Boshehr Port

The port of Bushehr is located in 28,58 N and 50, 50 E in the north end of a peninsula on the coast of the Persian Gulf. This peninsula is 14 Km long. The depth of water is near to 7m in the external anchorage leading to internal anchorage by the ext

Hormozgan

In 1497 European colonialists landed in the region for the first time, headed by Vasco da Gama. In 1508 the Portuguese, led by Afonso de Albuquerque invaded the area with seven warships, under the pretext of protecting their interests from Egypt an

Kish Island

In the shadow of the empire, the islands in the gulf became prosperous, navigation in the Persian Gulf was expanded and better vessels were used to carry passengers and goods. Navigational signs, including lighthouses, were set up to facilitate navig

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

Ardebil

Ardebil province has an area of 17,881 square kilometers located in northeast of Iran and to the west of the Caspian Sea. The historical and rather religious city of Ardebil is it's capital.

Sistan Va Baluchestan

In the year 1996, the province had a population of approximately 723,000, of which 46.1 % resided in the urban areas, 52.8 % in the rural areas and the rest accounted as non-residents.

Port of Chabahar

The Port of Chabahar (or Chah Bahar) is a seaport in Chah Bahar in southeastern Iran. Its location lies in the Gulf of Oman. It is the only Iranian port with direct access to the ocean. The port was partially built by India in the 1990s to provide ac

Kermanshah

Because of its antiquity, attractive landscapes, rich culture and Neolithic villages, Kermanshah is considered one of the cradles of prehistoric cultures

Trophy of management and reputation of european union awarded to dr hossein naseri

Trophy of management and reputation of european union awarded to dr hossein naseri (mr advertising) establisher and ceo of samin advertising group

OIBC

Becoming a member of Open Iran Business Club is the perfect way to enhance your access to this market. Members gain professional advice and services, have access to exclusive investment projects, have unique opportunities to network and meet like-min

Russian airliner to dominate Iranian skies

About 100 of Russia's newest airliners could be in service in Iran, according to Deputy Prime Minister Dmitry Rogozin. Moscow and Tehran are negotiating local production of the Sukhoi Superjet 100 (SSJ 100) airliner to replace Iran's ageing fleet on

19German Companies Offer to Invest in Iran’s Water Sector

TEHRAN (Tasnim) – The deputy head of Iran’s National Water and Wastewater Engineering Company said 19 German companies have announced their willingness to invest in the Islamic Republic’s water Industry.

Iran, Russia preparing to trade in own currencies

Iran said on Thursday that the process to switch to national currencies in transactions between Moscow and Tehran may be completed very quickly.

Greek FM due in Iran for business talks

Greek Foreign Minister Nikos Kotzias is scheduled to pay an official visit to Tehran later this month to discuss expansion of trade ties.

Asian demand to fuel Iran's Siraf eight-refinery project

Asia is expected to be the destination for more than half of Iran's ambitious $2.8-billion Siraf Refinery project's value-added oil products when the venture starts up in 2018, said the refinery’s managing director, leaving little room for condensate

West Ethylene Pipeline breaks feedstock supply record

West Ethylene Pipeline has set a new record in supplying feedstock to eight petrochemical plants along its way, a petrochemical official said.

Azar oilfield to start early production

Early production from Azar oilfield in the border city of Mehran in Ilam Province will begin late next year, said the operator of the field.

Iran targeting 330 bcm gas output annually by 2017

Iran is planning to boost its processed natural gas output to nearly 330 billion cubic meters (bcm) a year in the next two years, said head of National Iranian Gas Company (NIGC).

Moscow plans to fund major Iran projects

Russian Finance Minister Anton Siluanov said Moscow plans to fund two major projects worth $2 billion in Iran in the wake of the recent nuclear deal between Tehran and six world powers.

Iran discusses investment in foreign refineries

Iran has begun negotiations to buy shares in oil refineries in Europe, Latin America and Asia, a deputy oil minister was quoted as saying by Mehr News Agency on Tuesday.

Pakistan appeals to India to rejoin IP

Chairman of Pakistan Senate Standing Committee for Defense described Iran-Pakistan (IP) gas pipeline project as the most economical, most feasible and the easiest way for Pakistan and also India to access huge energy resources of Iran and said Pakist

CI forecasts Iran's growth will reach 4% in 2016

In its latest report, Capital Intelligence forecast that Iran's economic growth and inflation will reach 4 percent and 11.5 percent, respectively in 2016.

Frankfurt hosting Iran-Europe Trade Meeting

A two-day conference on investment in Iran titled 'Iran-Europe Trade Meeting' started in Frankfurt, Germany to investigate investment prospects in Iran in the post-sanctions era.

Foreign helicopter manufacturers keen on cooperation

Following the removal of Western sanctions, leading international manufacturers of civilian helicopters and spare parts have announced willingness to resume cooperation with Iran and invest in Iranian projects.

Iran unveils long-awaited oil contracts

Iran’s Ministry of Petroleum published the new framework of oil and gas contracts which will be presented formally to foreign companies in a conference in Tehran later this month.

Promoting Hamedan tourism potentials a necessity

Hamedan city, the capital of the western province of Hamedan, is recognized as one of the favorite destinations for tourists to Iran. All historical and natural attractions of the city are unique in their own way. The city, with some of the most beau

Iran plans biggest mining exploration yet

Iran plans mining exploration over 240,000 square kilometers across 12 provinces in the biggest development attempt which the sector has seen yet, Deputy Industry, Mine and Trade Minister Mehdi Karbasian says.

Minister Iran’s talks with Airbus continue

Iran’s talks with leading plane manufacturers continue for purchase of new airliners, Minister of Roads and Urban Development Abbas Akhoundi says, after President Hassan Rouhani postponed his visit to Europe.

‘Iran growth to outperform MENA states

Iran’s economic growth will outperform most of the Middle East and North Africa (MENA) countries in 2016 when sanctions are lifted, a Washington-based finance industry body says.

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 to boost oil exports after sanctions are lifted

TEHRAN, Iran (AP) — Iran said Tuesday it will export an additional 500,000 barrels of oil a day after sanctions are lifted under a landmark nuclear deal in a bid to reclaim its market share despite low prices

China's investment in Iran to grow by sanctions relief

TEHRAN – Iran’s commercial attaché in China has said there will be no concerns over the two countries’ trade after the removal of sanction estimating a widespread growth in China’s investment in Iran.

Oman’s path to Iran

Through economic ties and a careful, long-standing diplomatic posture, Oman has become a key player in the Middle East.

Indian firms plan to invest in Iran's Chabahar project

Indian firms will invest heavily in the strategically important Port of Chabahar in Iran, said a senior Indian diplomat.

S. Korea Impatient to Invest in Iran

TEHRAN (Tasnim) - South Korean Foreign Minister Yun Byung-se voiced his country’s willingness to broaden economic relations with Iran as soon as a final nuclear deal between Tehran and world powers terminates the anti-Iran sanctions.

France’s Fives Group to invest in Iran’s aluminum industry

TEHRAN- France’s Fives Group made an agreement with Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) on making joint venture for the construction of an anode production plant in Iran, according to the IRNA news age

Rosneft to buy Essar Oil; Iran in talks to invest in refineries abroad post-sanctions

DUBAI: Iran has started negotiations to buy shares in oil refineries in Europe, Latin America and Asia, the deputy oil minister was quoted as saying by Mehr news agency on Tuesday

Shohini Sengupta: Buying Iran's bonds

India owes Iran between $6.5 and $8.8 billion for oil purchases. So, investing in Iran could go a long way towards strengthening India's energy security

Germany to support investing in Iran

Foreign companies have lined up to take advantage of cooperation with Iran after the removal of international sanctions imposed on the country over its nuclear energy program.

Exclusive France's Sephora to open shops in Iran next year

France's Sephora plans to open several shops in Iran starting next year, becoming one of the first major European specialist cosmetics retailers to directly invest in the country as it emerges from years of economic sanctions

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’s petchem sector negotiating to open offices abroad

TEHRAN – Iran’s petrochemical sector is negotiating with a number of countries including Spain and the Commonwealth of Independent States (CIS)to open sales offices over there, according to an Iranian oil official.

Iran: Economy to surge by 6% after sanctions are lifted, as IIF estimates bigger growth than China

The Iranian economy will surge by 6% when sanctions are lifted, the Institute of International Finance (IIF) has estimated. The growth means the country will outperform many other states in the region.

Bernie Sanders open to working with Russia, Iran to combat ISIS

Indianola, Iowa (CNN)Bernie Sanders said Sunday in Iowa that he would support working with Russia and Iran to combat the ISIS, taking a slightly more hawkish stance than he did earlier in his campaign.

19 German Companies Offer to Invest in Iran’s Water Sector

TEHRAN (Tasnim) – The deputy head of Iran’s National Water and Wastewater Engineering Company said 19 German companies have announced their willingness to invest in the Islamic Republic’s water Industry. Speaking in the Iran-Germany First Joint Co

Traders hope Iran deal will avail Persian carpets

Dusting off the thousands of exquisite Persian carpets he has kept in storage for several years, Amir Hossein hopes that soon he will be able to ship at least some of them to the US.

The Entrepreneur Behind Iran’s Billion-Dollar Super Mall

On the outskirts of Iran’s historic city of Isfahan, one of the largest shopping malls in the Middle East has taken shape.

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's Man in New York Is Hunting for Billions of Dollars

Share on Facebook Share on Twitter Iran, by its own admission, needs $150 billion of investment annually for many years ahead to repair the damage from a decade of isolation. That’s a tall order for a country that, even when sanctions are finally l

Russia offers gas, oil swap deals to Iran

Russian Energy Minister Alexander Novak said on Friday Kremlin-controlled gas producer Gazprom has offered gas supplies to Iran under a swap arrangement, and similar oil deals were also under consideration.

German government backs investment in Iran: Steinmeier

TEHRAN – The ground is ready for Iran and Germany to boost economic cooperation, German Foreign Minister Frank-Walter Steinmeier says, adding that to this end the German government will support any kind of investment in Iran.

S. Korea to invest in Iranian airport

South Korean firms may invest in the Iranian airport development plan. Iran’s Roads and Urban Development Ministry is negotiating with South Korean companies to participate in the implementation of Iran’s Imam Khomeini International Airport develo

This Week In Energy: How Iran Plans To Attract $100 Billion In Oil Investment

There was little movement on oil prices this week – a few down days and a few up days. WTI closed out the week trading in the mid-$40s, with Brent at $48 per barrel.

Iran to Pay Oil Companies Larger Fees in 20-Year Contracts

Iran will pay foreign oil companies larger fees than it did under previous buy-back contracts to attract $100 billion of investments needed to rebuild its energy industry.

Microsoft preparing to invest in Iran

Officials in Tehran said on Wednesday that Microsoft as well as several other leading US tech enterprises are preparing to enter the Iranian market in the near future.

Iranian tourists spent $10 billion abroad past Iranian fiscal year

Iran gained $3-4 billion from incoming tourists but Iranian tourists spent about $8-10 billion while travelling to other countries, during the past Iranian fiscal year.

Iran plans to double tourism share of GDP

Head of Iran’s Cultural Heritage, Handicraft, and Tourism Organization Masoud Soltanifar has said that the country plans to boost tourism’s share of its economy from the current 5-6 percent to 10 percent.

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 to invest $25bn in railway upgrades

Iran plans to invest $25bn over the next ten years in the modernisation and expansion of its railway network. The investment is expected to extend Iran Railways' track length from the current 15,000km to 25,000km by 2025.

U.S. Warns Against Rush To Invest In Iran Before Sanctions Lifted

Reuters is reporting that the Obama administration has privately reminded foreign governments and U.S. bankers that sanctions against Iran remain in effect and they should not rush to invest in Iran.

Japan, Iran agree on investment pact after sanctions end

Japan and Iran have reached agreement on an investment accord, which may give a boost to Japanese investments into the Islamic Republic once sanctions are lifted as early as next year, the countries' foreign ministers said in a statement.

India may invest Rs 2 lakh crore at Chabahar port in Iran: Nitin Gadkari

India is eyeing investments to the tune of Rs 2 lakh crore at Chabahar port in Iran in various infrastructure projects, Union Minister Nitin Gadkari said today.

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Kish Island to host Iran's 1st FinTech Conference

Tehran, Oct 5, IRNA – Digital Finance Institute will organize the 1st FinTech Conference in Iran’s Kish Island.

Expert says large Iranian-US population to help Iran-US mutual trade, economic co-op

Economic cooperation between the United States and Iran is not only necessary, but inevitable, John Feffer, who is director of Foreign Policy In Focus at the Institute for Policy Studies believes.

Five tips for doing business in Iran

Following the recent nuclear agreement, a significant number of EU and US-based companies have started reassessing their strategy towards Iran.

The Iranians are hoping the prominent U.S. firms will compete with foreign companies to secure lucrative contracts with Iran’s state-controlled oil an

TEHRAN- The U.S. companies may participate in the conference to unveil Iran’s new models of oil contracts, known as the Integrated Petroleum Contract (IPC), according to National Iranian Oil Company (NIOC) Managing Director Rokneddin Javadi.

Iran Solicits U.S. Firms to Enter Iranian’s Energy Market

BY: Adam Kredo Follow @Kredo0 October 2, 2015 12:31 pm Iranian oil officials are inviting U.S. companies to invest in Iran’s oil and energy sectors due to the removal of international sanctions under the recently inked nuclear accord, according

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

Iran offers formation of joint venture with Oman

TEHRAN, Sep. 30 (MNA) – Head of Iran's Chamber of Commerce, Industries, Mines and Agriculture has announced the proposal for formation of Iran-Oman joint venture companies.

There are No Legal Barrier for US Investment in Iran: VP

TEHRAN (Tasnim) – An Iranian vice-president said on Wednesday that there is no legal restriction for foreign investments in Iran by countries Tehran recognizes, including the United States.

Iran to hold intl. confab on investment opportunities in transportation

Iran is to hold an international conference on investment opport