Sukhoi to Sell SuperJets to Iran despite Sanctions

Russia’s Sukhoi Civil Aircraft said it would continue to cooperate with Iranian airlines within the framework of interim agreements on the delivery of SSJ100R passenger aircraft, despite the re-implosion of US sanctions against Iran. “The Sukhoi Civil Aircraft will continue to work with Iranian airlines under the preliminary agreements signed at the Eurasia Air Show […]

Iran’s Housing Sector keeps Building

By Maziar Motamedi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In Iran, the housing sector — which accounts for a hefty 35% of all household expenses — has since 2011 been in the grip of its worst recession in recent history. Indeed, it was the only […]

Iran, Russia Agree to Boost Railroad Cooperation

Iranian Minister of Economic Affairs and Finance Massoud Karbasian and the director general of the Russian Energy Agency (REA), Anatoly Tikhonov, agreed to enhance cooperation between the two sides in various projects, including the Garmsar-Inche Bouroun railroad. “RZD International representatives as a part of the Russian delegation headed by Anatoly Tikhonov, Director General of the […]

US puts Sanctions on head of Central Bank

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]

How Iran and Europe can Save the Nuclear Deal

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US President Donald Trump’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA) has created an urgency for all other deal signatories to work toward saving the accord. As international companies face a new […]

Video: Iran seeks ‘Clear Future Design’ for JCPOA

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran’s president has said he will stick to the agreement, if other countries meet their obligations. Meanwhile, his foreign minister has embarked on a diplomatic tour, in an attempt to salvage the deal. […]

Iran Energy Minister in Germany for Talks

Iranian Energy Minister Reza Ardekanian travelled to Germany on Monday to weigh plans for environmental and energy cooperation between the two countries. Ardekanian is planned to hold talks with Germany’s Federal Minister for the Environment, Nature Conservation and Nuclear Safety Svenja Schulze and Federal Minister of Germany for Economic Affairs and Energy Peter Altmaier during […]

Iranian Oil Exports set to continue under US Sanctions

By David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Assessing the short- and long-term consequences of the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) for Iranian energy is crucial. In the short term, the impact will be rather modest in […]

Polish Firm Signs Iran Cooperation Agreement

The National Iranian Drilling Company (NIDC) signed an outline agreement with Poland’s Exalo Drilling SA to cooperate in drilling operations. Sepehr Sepehri, NIDC CEO, signed the memorandum with Exalo and Mishan Company, a knowledge-based Iranian company, on the sidelines of the 23rd Iran Oil and Gas Show in Tehran on Tuesday, Shana reported. Mishan is […]

Trump pulls US out of Iran Nuclear Deal: FULL DETAILS

By John Lee. US President Donald Trump has said he will withdraw the United States from Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA). In a live statement, the President said: “I will sign a presidential memorandum to begin reinstating U.S. nuclear sanctions on the Iranian regime. We will be instituting […]

Iran Nuclear Deal: Reaction from World Leaders

By John Lee. Following the US withdrawal from the Iran nuclear deal, world leaders have been giving their opinions. Former US President Barack Obama said: “Walking away from the JCPOA turns our back on America’s closest allies, and an agreement that our country’s leading diplomats, scientists, and intelligence professionals negotiated. “At a time when we […]

Rouhani Calls Trump’s Withdrawal “Psychological War”

President Rouhani Calls Trump’s Iran Nuclear Deal Withdrawal “Psychological War” Iran’s President Hassan Rouhani said on Tuesday that Tehran has adopted necessary measures to confront new anti-Iran pressures, saying that his US counterpart is launching psychological war and economic pressure on Tehran by announcing withdrawal from the 2015 nuclear deal. “The Iranian nation will be […]

IRGC Construction to Finish 40 Mega-Projects by Yr-End

Commander of Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), pledged that his forces will complete 40 mega-projects in the current Iranian year, which began on March 21. Addressing a meeting on “Resistance Economy” at the Lorestan gubernatorial office in west Iran, General Ebadollah Abdollahi said the Khatam al-Anbia […]

Iran, Spain Sign MoU on Oil, Gas Cooperation

A memorandum of understanding (MoU) was inked in Tehran on the promotion of cooperation between Iran and Spain in the oil and gas industries. General Director for Europe, America and Caspian Sea Neighboring Countries in Iran’s Oil Ministry Hossein Esmaeili Shahmirzadi and Deputy Director General of Commerce Policies for Africa and Middle East at the […]

Iran Pushes for Transparency to deal with Currency Instability

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On April 10, Iranian authorities announced a policy of unification of exchange rates — a move that has generated confusion, especially among those economic players who relied on the country’s free currency market. The fact […]

Iranians hesitant to leave Telegram for Domestic Apps

By Holly Dagres, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The running joke on Iranian social media right now is that three green ticks on a domestic messaging app mean that not only does the sender and receiver read the message, but an intelligence […]

Video: Iran Currency Crunch hits Foreign Tourists

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Changing dollars or euros in Iran has become a challenge after Iran’s central bank on April 15 forbade “until further notice” all exchange bureaus from dealing in foreign currency, leaving banks as the sole […]

Air France reduces Iran Flights

By John Lee. Air France is reported to be cutting its Joon service between Paris and Tehran to the summer season only. According to a report from Reuters, the company blames weak demand since it began operations two years ago. It’s Joon subsidiary was launched in December 2017 and is aimed at young people. (Source: […]

HRW slams Iran’s Telegram Ban

From Human Rights Watch. The Iranian judiciary’s blocking of the messaging application Telegram is an unjustifiable restriction on freedom of expression and access to information, Human Rights Watch has said. With more than 40 million users, Telegram had become the main social media platform for Iranians. On April 30, 2018, Mizan Online News Agency, the […]

Iran Ordered to pay $6.27bn to 9/11 Victims’ Families

By John Lee. A US judge has ordered Iran to pay some family members of victims of the September 11, 2001 attacks a total of $6.27 billion as compensation for pain, suffering and mental anguish. Ahough the 9/11 Commission found no evidence of Iranian involvement in the plot, Judge George Daniels of the Southern District […]