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...

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

Splitting of ministries; another trial and error?

With President Hassan Rouhani’s first tenure coming to an end, the administration has taken a decision for splitting three ministries in a bid to make them smaller and swifter.

Iran’s annual GDP growth at 12.5%: CBI

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

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

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

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).

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...

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

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

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...

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...

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.

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.

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

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...

Bushehr Marine Ecosystem Studied for Heat Impact

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

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.

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...

Ryanair Wants to Develop European Tourism

Ryanair has outlined a plan it believes could see European tourism grow by more

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...

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 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.

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).

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 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

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.

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.

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.

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

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),

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.

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.

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

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.

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.

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.

‘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.

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.

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

Investors from 37 countries active in Iran’s capital market

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

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

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.

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.

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.

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.

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.

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 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.

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.

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.

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

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.

WB: Policy uncertainty threatens trade growth

Political uncertainty is slowing trade growth, a World Bank (WB) report concluded, indicating that the rise of Donald Trump may already be casting a shadow over the global economy.

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.

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.

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 .

$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.

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 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.

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

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 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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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 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.

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.

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.

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.

Dispute Resolution

Global disputes are becoming more frequent and complex as corporations and financial institutions continue to enter new markets against a backdrop of tighter regulatory scrutiny, higher accountability standards and intense competition.

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

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

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.

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.

Investment Protection Measures in Iran

I.R. Iran’s Foreign Investment Manual

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

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

Drought, floods, water stress cost companies $14b

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

Drought, floods, water stress cost companies $14b

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

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

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

OPEC points to even bigger 2017 oil surplus

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

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.

Salafchegan ranks first among free zones

Salafchegan Special Economic Zone, situated 180km from Tehran, ranked first for the sixth consecutive year among all free zones with 611 approved products out of 1,735 products manufactured in all free zones, announced the Supreme Council of Free Tra

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.

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

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

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.

Denmark's Maersk to resume Iran operations

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

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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).:

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.

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.

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.

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.

Eurozone growth slows over Brexit impact

Eurostat statistics agency says growth in eurozone sharply slowed down in the second quarter in what appears to be a result of concerns over Britain’s leaving the EU.

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 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

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.

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, 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.

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

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.

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.

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.

‘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.

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 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

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

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

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.

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 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

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 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

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)

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

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

‘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.

Legal Services Department

Open Iran offers legal services through its main partner Afarin Law Firm that is an international firm specialized in providing legal services to transnational companies

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

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.

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

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

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.

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.

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

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

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

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

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

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

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

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.

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.

US company seeks Iranian petrochemical products

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

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

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

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'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

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

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

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’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.

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

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

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

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.

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

Opportunities, Incentives and Economic Feasibility Studies Water and Power Industry Investment Plans

To stimulate private sector investment in the infrastructural water and power plans and projects and to have this sector further engaged in the above- mentioned area we need to prepare relevant desirable ground

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

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

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

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.

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

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

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 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 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.

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

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

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

Denmark Plans Wind Energy Investment In Iran

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

Denmark Ramps Up Renewable Investment In Iran

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

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

Palayesh Parsian C2 Recovery and Fractionation

The EP contract was signed between Palayesh Parsian Sepehr Company as an owner and consortium of HAMPA and HEDCO (contractor) in Aug 2011

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

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.

Economic investment opportunities in Kish Island

Exporting products abroad without customs and port duties - Low commercial interest for importing products to the country through Kish Island by 15% Independent customs in the free zones in the point connecting to the international markets

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 .

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.

farming 3500 sheep

Small size, taming ability and high yield of meat, wool, and milk attract humans to sheep. This project aims to produce 3500 sheep from top race . 7000 lambs and 140 tons of milk in a year are other goals of this project

Edible Mushroom Growing with 70 tons a year - Sari

Mushrooms have 1.5-6% protein from which 70-90% is absorbed by human body. For low uric acid, doctors suggest it to olds and patients. It has vitamins of B1, B2, B12, and C and is useful for skin, allergy, neural system, eyes and other body parts. Si

Caviar and salmon fish farming-Samami

This project already obtained essential license and land and intend to produce 30 tons of caviar which worth more than 90 million euro along with 2000 tons of caviar meat which worth about 40 million euro during 12years age of seed-bearing fish a

Caviar fish farming-GhareBorun Eslami

This project already invest about 1.17 million dollar) and after implementation of the project it employs 13 workers in 4 Cage of sturgeon and salmon fish in the see

Processing and Packaging of Herbal Medicines

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

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

Colorful Aluminum Sheet Production

Aluminum composite sheet has been one of the most well known materials for house façade. Lightness and reducing building weight are the advantages of it. Besides, modern beauty and some of its unique physical and chemical features have made it an

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.

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

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

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.

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

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

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).

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.

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

OANA steps up activities to enhance role

Stepping up of activities of the Organization of Asia-Pacific News Agencies (OANA) is among the priorities of the 39th OANA Executive Board meeting in Seoul, OANA President and TASS Director General Sergei Mikhailov said at the opening ceremony on Mo

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.

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.

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.

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.

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

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.

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With a presence across 3 continents, Range Developments aims to enhance the lives of our investors, partners and clients.

Vostock Capital

Vostock Capital is a leading provider of consulting and event management services, focusing on conferences, workshops and master classes for oil & gas sector in Russia, CIS, Europe and Asia.

Legal Service

Open Iran offers legal services through its main partner Afarin Law Firm that is an international firm specialized in providing legal services to transnational companies

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.

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 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.

Iran earns more from tax than oil for first time in almost 50 years

President Hassan Rouhani’s economic strategy of significantly reducing Tehran’s dependency on oil starts to bear fruit Iran’s president Hassan Rouhani. The country’s oil revenues were significantly reduced as a result of falling prices and the US/EU

Investors tread carefully on ending of Iran sanctions

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Going Global

Going Global is the top UK national exhibition for businesses that are looking to expand internationally, export products or set up overseas operations.

Oil Terminal

It is the leading industry event attracting 350+ delegates annually from more than 25 countries (Russia, CIS, Europe, America and Asia).

Poland to invest in Iranian pharmaceutical industries

TEHRAN, Sep. 27 (MNA) – Iran’s Health Minister announced that Poland will invest in Iranian industries of pharmaceutics and medical equipment.

"Iran will be the biggest country to enter the (global) financial system since the break-up of the Soviet Unio

Banner Icon INVESTMENT Iranian and European business leaders gathered in Geneva Thursday to explore the massive opportunities expected to open up when years of biting sanctions against Tehran end, although experts warned huge challenges remained.

Iran rushes to meet terms of nuclear deal to lift sanctions

President Hassan Rouhani keen to end sanctions, as European firms pursue lucrative contracts such as huge railway and airport expansion projects

Iran's Next Challenge: Courting Oil Investors

Iran is preparing to formally open up its economy to Western investment, a prospect that has drawn the attention of the world's biggest oil companies. But Tehran may have more difficulty reviving its oil and natural gas sector than it hopes. On Sept.

Doing Business in Iran, Opportunities and Challenges 2

Dr Siamak Goudarzi, CEO of Open Iran Group, one of Iran’s most professional international business consultancy firms, and Anita Papp, the firm`s International Development Manager write about the industry’s journey

Iranian, European firms hobnob with eye on post-sanction bliss

Geneva (AFP) - Iranian and European business leaders gathered in Geneva Thursday to explore the massive opportunities expected to open up when years of biting sanctions against Tehran end, although experts warned huge challenges remained.

Novo Nordisk to build €70m plant in Iran

Novo Nordisk is to become the first western pharmaceuticals company to build a manufacturing plant in Iran, in a sign of confidence in the country’s economy after its nuclear deal with the US and other world powers.

World’s biggest insulin maker invests in Iran

Denmark’s Novo Nordisk is investing 70 million euros in Iran for the production of a new generation of insulin drugs, officials from the two countries say.

Invest in Iran: SteelMin to producers

Iran has sought investments of nearly `50,000 crore in infra, including ports, railways, highways.

Strong French trade delegation in Iran next week

TEHRAN – A 150-strong delegation of French businessmen will start a two-day visit to Tehran on September 21 to seek cooperation avenues in Iran, the IRIB News Agency reported on Friday.

UK trade delegation to visit Iran in October.

Iran says a major British trade delegation will arrive in Tehran on October 2nd to look for avenues to expand economic relations between the two countries.

Iran Seeks Foreign Investment to Boost Tourism Industry: Official

TEHRAN (Tasnim) – Iran has extensive plans to boost its tourism industry following the conclusion of nuclear talks with world powers, a vice president announced, voicing Tehran’s enthusiasm to attract foreign investment in the lucrative market.

ITUDS to lure foreign investors with €6b of projects

TEHRAN – Some €6 billion of projects will be offered to foreign investors at the first Iran Transportation and Urban Development Summit (ITUDS), which will be held from October 3-4 in Tehran.

Volatility in the O&G market

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

In a Mideast upset by cheap oil, more crude may enter market

DUBAI, United Arab Emirates (AP) — Across a Mideast fueled by oil production, low global prices have some countries running on empty and scrambling to cover shortfalls, even as more regional crude is on tap to enter the market.

Spanish firms ready to invest in Iran’s petchem sector Tehran Times Economic Desk

TEHRAN- Juan Ramon Duran, the general manager of Spain’s Sercobe Association, announced Spanish companies’ preparedness to invest in Iran’s petrochemical sector.

Iran urges Koreans to invest in oil plans

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

100 Czech firms eager to invest in Iran

TEHRAN, Sep. 15 (MNA) – Deputy CEO of Czech Republic I.B.C. has said that 100 Czech firms are interested in making investments in Iran.

Iran Could Become Major Supplier of Natural Gas to EU

By GABRIELE STEINHAUSER and LAURENCE NORMAN BRUSSELS—Iran could become a major supplier of natural gas to the European Union by the end of the next decade, according to new estimates from the bloc’s executive following the nuclear deal reached with

UAE banks to gain from open Iran

Longer-term business opportunities seen given Dubai's strength as a logistics hub.

European bank to invest in €90m Iranian petchem project

TEHRAN - A European bank will invest in building a gas-to-propylene (GTP) plant in Iran, which is estimated to cost €90 million, Iranian Deputy Oil Minister in Petrochemicals Abbas She’ri Moqaddam said.

Austrian firms sign partnership deals in Iran during state visit

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

What the Iran deal means for the U.S. economy and the world

Published: 08 September 2015 07:41 PM Dallas Morning News‎ With President Barack Obama securing enough Senate votes to support a historic accord, it looks like Iran is close to escaping most of the restrictions discouraging it from developing nuclea

Obama musters more Senate votes for Iran nuclear deal

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

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

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

Shell eyes Iran, to pay debt when sanctions end TEHRAN | BY GUY FAULCONBRIDGE

Royal Dutch Shell (RDSa.L) will repay a $2 billion (1.3 billion pounds) debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country's vast energy sector, Shell's boss for new business s

Swiss envoy: Invest in Iran, Middle East's 'pole of stability'

Swiss ambassador to Iran addresses business conference in Zurich, as Europeans race back to do business with Iran,

Picking winners in the race to Iran

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

DUBAI (Reuters) – Iran will offer three gas fields to foreign investors at a conference in London later this year, an Iranian official said on Wednesd

Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference where Iran is due to unveil its new contract model, managing director of Pars Oil and Gas Company (POGC) said, according to Shan

European companies beat US to Iran business after nuclear deal reached

US firms await outcome of Congress deliberations over Iran agreement, leaving them at the back of the queue for a market due to reopen after years of sanctions

Shell ‘will consider’ investing in Iran

Royal Dutch Shell will repay a $2bn (€1.7bn) debt to the National Iranian Oil Company when sanctions on Iran are lifted and will consider investing in the country’s vast energy sector, Shell’s boss for new business said.

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

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

Brits Eye Investment Opportunities at Iran Embassy Reopening

The improving relations between the West and Iran reached another milestone over the weekend with the UK re-opening its embassy in Tehran. However it appears Foreign Minister Philip Hammond’s diplomatic trip also doubled up as a pitch for British bus

Foreign firms to invest in Iran’s fuel conservation projects: official

TEHRAN – Negotiations have been made with foreign firms to invest in and transfer technology to the country’s fuel conservation projects and the firms have proposed their plans, Iranian Fuel Conservation Company Managing Director Nosratollah Seifi sa

Italian Firm Says Ready to Invest in Iran’s Hydropower Industry

TEHRAN (Tasnim) – Brulli Energia, a major Italian energy company, has voiced its willingness to invest in Iran’s hydropower development projects, the official website of the Iranian Energy Ministry said.

Australian companies keen to invest in Iran’s mining projects

TEHRAN- Australian companies are eager to make investment in Iran’s mining projects, according to Gerard Seeber, the senior trade commissioner for the Middle East and North Africa (MENA) region in the Australian Trade Commission (Austrade).

Iran and Pakistan: Back to Business

In the wake of the nuclear deal, the two countries get ready to do business.

France's ADPI to invest in Iran airport projects

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

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

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

Europe, US may invest in Iran glass industry

German, Italian and US companies have indicated readiness to invest in Iran’s glass manufacturing industry, head of the Iranian Glass and Crystal Producers Association says.

Iran expects petrochemical exports surge after sanctions lifted – IRNA

DUBAI (Reuters) – Iran expects to increase petrochemical exports by up to a quarter by the end of 2016 after sanctions are lifted, a senior official was quoted as saying on Saturday.

Iran is a once in a lifetime opportunity for brave investors

Emerging market funds and international investors are gearing up to enter Iran once sanctions are pulled down writes Andrew Critchlow

The biggest myths about doing business with Iran

I've led three delegations of top international CEOs to Iran over the past three years. The first, in 2013, was during Ahmadinejad's presidency and later, in 2014 and 2015, under Rouhani.

Italy to invest $2bn in Iran projects as Tehran gets back to business

Italy and Iran have signed a deal which could see investment in Iranian projects worth $2 billion. The agreement aims at reviving trade and economic ties between the countries after Western sanctions against Tehran are removed.

Accor hotels enters Iran and starts its first hotel operation

Accor, Europe's largest hotel group by number of rooms, has started the operation of their first four-star Axis hotel in Tehran - Financial Times is reporting.

Investing in Iran after the lifting of sanctions

Just a few days after hosting a historic deal between Iran and the world powers on Tehran's nuclear programme and lifting international sanctions, Vienna has been the venue for deals of a different kind.

Foreign investors try to tap into Iran

LONDON/NEW YORK, July 20 (Reuters) - A few investors are racing to establish funds for Iran following last week's nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy.

Iran offers India bigger role in strategic port; seeks investments worth $8 billion

NEW DELHI: Iranian President Hassan Rouhani has asked India to invest in infrastructure projects worth $8 billion, including an expanded role in developing a strategic port that will open up access to Central Asia, Iran's envoy to New Delhi said on F

Hedgies ready for business in Iran

Corporate America will lead the next round of deals with Iran

Iran: The oil and gas multibillion-dollar ‘candy store’

Lifting sanctions should open the way for major oil groups to return to the country, but negotiations will be tough

U.S. and International Businesses Eye an Iranian ‘Gold Mine’ After Nuclear Deal

Lifting sanctions could unfreeze $150 billion of Iranian money and open borders for business

Iran deal: Corporate winners from the nuclear agreement

Everett Rosenfeld | Marguerite Ward | Morgan Brennan Tuesday, 14 Jul 2015 | 1:42 PM ET

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

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

Iran Is About to Open for Busines

The Iran nuclear agreement may unleash the country’s mercantile instincts, which are undimmed by the regime’s dark realities

Iran to open door to oil investment as companies eye return

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

Britain's Charlemagne plans Iran investment funds before sanctions lifted

(Reuters) - A British asset manager is teaming up with a Tehran-based firm to establish funds that will invest in the Iranian securities markets, in a sign that flows of foreign money into Iran may not wait for economic sanctions to be lifted.

Billions up for grabs if nuclear deal opens Iran economy

DUBAI (Reuters) - Iranian investment banker Ramin Rabii says he shouted in joy when he learned that Tehran and world powers had reached a deal which promises to lift economic sanctions on Iran. Then he called colleagues to discuss the business implic

Iranian finance, energy sectors could soar on deal

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

Tehran firm says to launch Iran's first index ETF

Jan 26 (Reuters) - Turquoise Partners, a Tehran-based investment firm, said it planned to launch Iran's first exchange-traded fund tracking a stock market index, ahead of the possible lifting of international sanctions on the country.

Iran Stock ETF Aims to Lure Foreigners Amid Nuclear Talks

Turquoise Partners Group secured regulatory approvals for the Turquoise TSE 30 Iran Index ETF, which will mirror the TSE 30 Index of the biggest stocks by market value on the Iranian bourse, the company said yesterday by e-mail. Fundraising will star

Western Companies Hope For a Bonanza in Iran

If you just looked at the numbers, the deal revealed last week by the aerospace and defense giant Boeing seemed insignificant: $120,000, for some data, aircraft manuals and navigation charts. But symbolically, the sale to Iran Air, revealed on Oct. 2

Awaiting the gold rush

THE currency traders plying the half-empty arrivals hall of Tehran’s international airport have a simple view of the nuclear talks that Iran’s government is conducting with assorted foreign powers. If a deal is made, one says, “the planes will come i

The Way Back to Iran

Tehran became Pirouz’s principal home. He set up an investment fund, Turquoise Partners (in time for a bull run on the Iranian stock market that lasted several years), and then devoted his energy to his pet project, the Iranian Business School (IBS),

Iran nuclear deal would open last big frontier stock market

(Reuters) - Years of economic sanctions and isolation have ravaged Iran's economy but created one of the last unexploited opportunities for international portfolio investors, who could start moving their money in this year if geopolitics permit. T

Iran's economy moving from bad to less bad

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

Iran Lures Investors Seeing Nuclear Deal Ending Sanctions

Hotel with his Farsi translator, sipping coffee with potential Iranian partners while discussing the price of soy fiber. No sooner do they vacate their armchairs than another group of besuited businessmen takes their place, this time conversing in It

U.S. investors begin to imagine a return to Iran

“The current misperceptions and misunderstandings in America regarding Iran as a country, as a society and as a market could be the biggest obstacles” to attracting U.S. investments, said Ramin Rabii, managing director of Turquoise Partners, a Tehran

Iran Shares Rise a Third Day as Bourse Creates Stability Fund

The bourse should not create a fund to intervene in the market, according to Ramin Rabii, who helps manage $200 million at Turquoise Partners in Tehran.

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

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

Sanctions Eased, Iran Gets Feelers From Old Trading Partners

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

Trade-Industrial Free Zones

Incentives and advantages for investment in Trade-Industrial Free Zones

Tax Holidays

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

Arvand Free Zone

The region, suggested to be considered as the Arvand free zone, consists of 3 zones in an area of 170 square kilometers, is located on the southwestern part of Khuzistan province along the border river, the Arvand River.

Maku Free Trade Zone

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

Anzali Free Zone

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

Aras Free Zone

Jolfa district is located in the north-west of Eastern-Azerbaijan province, between 45º and 17´ till 46º and 31´ in eastern longitude and between 38º and 39´ till 39º and 2´ in northern latitude. It shapes a narrow strip on the northern border of the

Chabahar Free Zone

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

Kish free zone

Kish Island has a surface area of 90 square kilometers, with an outer boundary of 40kms, and a nearly elliptical shape. It is located in the Persian Gulf 19kms from mainland Iran.

Trading Across Borders

Below is a detailed summary of the procedural requirements for exporting and importing a standardized cargo of goods.

Paying Taxes

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

Getting Credit

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

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