Peugeot to Sell over 450,000 Vehicles in Iran in 2016-2017

The CEO of PSA Peugeot Citroen said the French carmaker plans to sell over 150,000 Peugeot vehicles in Iran in the second half of this year, a report said. Carlos Tavares (pictured) told reporters at the Paris autoshow on Thursday that Peugeot will sell over 150,000 vehicles in 2016 as well as over 300,000 in […]

Major Shipping Lines Return to Iranian Ports

By John Lee. The Deputy Managing Director of Iran’s Ports and Maritime Organization (PMO), Jalil Eslami, has said that of the 22 international lines that were active in Iran before sanctions were imposed, 14 of them have resumed their activities in recent months, while eight more have said they intend to do so. They are […]

Financial Watchdog Worries Iranian Hard-liners

By Saheb Sadeghi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Iranian government’s efforts to get off the Financial Action Task Force (FATF) blacklist is spurring attacks against President Hassan Rouhani by primarily conservative forces. Given the agreement to adhere to FATF guidelines, critics […]

Building Market Opportunity and Women’s Networks in MENA

By Madeleine White Reflections on Trade+ Impact summit, in Ifrane, Morocco 19-23rd September 2016 Madeleine is co-founder of Nina magazine, Impact director of Enterprise development NGO Challenges Worldwide (a founder member of the Access to Finance for Rural Enterprise (ACRE) consortium). Madeleine contributed to discussions around the importance of impact investment and social enterprise within wider economic […]

China to issue $10bn to Finance Iranian Projects

By John Lee. China’s CITIC Group Corporation, formerly the China International Trust and Investment Corporation, has expressed its readiness to allocate a $10 billion loan for Iranian mineral projects, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said. According to a report from Trend, company official Zhou Yafang said the required permissions […]

Japan to Fund Iranian Petchem Projects

Japan has reportedly agreed to fund the development of some petrochemical projects in Iran. A deal has been signed between the Persian Gulf Petrochemical Industries Company (PGPIC) and Japan’s Marubeni to provide as much as €320 million for the development of PGPIC’s petrochemical projects, IRNA reported. The financing will be done through a mechanism known […]

Australian Natural Health Firm in Iranian Deal

By John Lee. Australian natural health company Blackmores has sec­ured a deal to gain access to the Iran­ian market. According to a report from The Australian, the company will partner with local firm Tasnim Pharma, which will sell 10 Blackmores products over the coming year before ramping up to 25 products, with the Iranian company […]

Avita Medical Signs Exclusive Deal in Iran

A dedicated clinic for Avita Medical‘s regenerative medical devices will soon open in Iran following the appointment of an exclusive distributor in this significant aesthetic market, the company said today. Avita Medical Ltd, a regenerative medicine company specialising in new treatments for wounds and skin defects, said the clinic in Tehran would in the first […]

Amnesty Int’l: “Shameful” 16-yr Sentence for Human Rights Defender

In response to the news that the 16-year prison sentence against prominent human rights defender Narges Mohammadi, who is critically ill, has been upheld on appeal, Amnesty International’s Research and Advocacy Director, Philip Luther, said: “This verdict is yet another cruel and devastating blow to human rights in Iran, which demonstrates the authorities’ utter contempt […]

Iran Has No Intention to Cap Oil Output: Oil Minister

Iranian Oil Minister Bijan Namdar Zanganeh said Iran has no plans to freeze its oil production at current levels. “It’s not our agenda to reach agreement in these two days,” Zanganeh told Bloomberg Television in an interview Tuesday. The Iranian oil minister is attending an informal meeting underway between members of the Organization of the […]