Iran, Belarus to Open €5bn Export Credit Line

By John Lee. The Minister of Industry, Mine and Trade has announced that the Export Development Bank of Iran (EDBI) will make available €5 billion of credit for the export of Iranian products to Belarus. Speaking on the sidelines of 14th Iran and Belarus Business Forum, Mohammad Shariatmadari said, “the bilateral development between Iran and […]

Iran to Expand Ties with Cuba

By John Lee. President Hassan Rouhani said on Saturday that Iran is ready to boost ties with Cuba in various economic fields, particularly in the science and energy sectors. Iran and Cuba are two revolutionary countries that enjoy very good relations, Rouhani said, adding that the Islamic Republic “was determined to deepen ties with the […]

Iran Ministry “Not Involved in Talks” with Bombardier

Iran’s Ministry of Road and Urban Development has not held any talks with Canadian plane manufacturer Bombardier Inc., a deputy minister said, adding that the country’s private sector has been involved in business negotiations with that company. Speaking to Tasnim on Saturday, Asghar Fakhrieh Kashan said he was not informed of the agreements between the […]

Rouhani doubles down with ‘Digital Economy’ Plan

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Rouhani doubles down on Iran’s conservatives with ‘digital economy’ plan After receiving criticism for unblocking the popular social media app Telegram, which was closed over the recent protests that rocked Iran, President Hassan Rouhani is not […]

Iran’s Metal Exports Rise Sharply

By John Lee. Exports of zinc, aluminum, and molybdenum value chains were up 65%, 28%, and 30% respectively in the first nine months of the Iranian calander year. According to MNA, zinc chain exports reached 149,000 tons, valued at $302.3 million, a 5% increase in weight and a 65% increase in value compared to 21 […]

Women’s Campaigns Flourish beyond Iran Protests

By Stefania D’Ignoti for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. As the protests in Iran dominated international news in early January, an editor of Grazia asked Farian Sabahi, a historian who specializes in Iran and the Middle East, to comment on the protests ravaging her country. […]

Air Pollution Shuts Schools in Southwestern Iran

Kindergartens and schools in 15 cities of Iran’s southwestern province of Khuzestan will be closed down on Saturday because of heavy dust pollution. The Crisis Management Department of Khuzestan Province, in a statement, announced that kindergartens, as well as primary, secondary and high schools in 15 cities of the province would remain closed on Saturday […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Expert Trainer for ToT in participatory Program Cycle Management, Relief International Protection Manager, Relief International Chief Operating Officer, Relief International SGP Programme Assistant, United Nations Development Programme (UNDP) Data Entry Assistant, Norwegian Refugee Council (NRC) Information Management Officer, United Nations Office on Drugs and […]

Iran Files $4.9bn Complaint against Deutsche Boerse

The Central Bank of Iran (CBI), also known as Bank Markazi, has filed a suit in Luxembourg against Deutsche Boerse’s Clearstream unit seeking to recover $4.9 billion in assets plus interest, the German stock exchange operator said on Thursday. The assets, frozen on suspicion of terror financing and in part paid to victims, include $1.9 […]

How Rouhani can Combat Corruption in Iran’s Budget

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. A full appreciation of the root causes of the recent protests in Iran requires deep and concise analysis of the socio-economic and socio-political realities in the country. Notwithstanding, even prior to these protests, there […]

Iran Amputates Man’s Hand in “Shocking Act of Cruelty”

Amnesty International is outraged by reports that Iranian authorities have amputated the hand of a man convicted of theft. The amputation, which was conducted by guillotine, took place yesterday in the central prison in Mashhad city in north-eastern Razavi Khorasan province, according to the state-sponsored newspaper Khorasan News. According to Khorasan News, the 34-year-old man, […]

Workshop to Review HSE Trends in Oil Industry

Tehran is hosting a French-Iranian workshop on health, safety and environment in oil industry by late January where the latest trends in the field will be presented to senior oil and energy executives in Iran’s oil industry. Director General of HSE and Passive Defense Directorate of the Iranian Ministry of Petroleum Bagher Mortazavi said the […]

Why Protests won’t Change Iran’s Foreign Policy

By Hamidreza Azizi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. While the recent unrest in Iran has eased, discussion on its various aspects — including its causes and implications — is still heated and ongoing among domestic as well as foreign analysts and observers. One important part of […]

Russia, Iran in Sync on Preserving Nuclear Deal

By Julia Sveshnikova for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The European Council on Foreign Relations once called Russia and Iran the “power couple” of the Middle East. That was two years ago, and it appears they’re still making the relationship work. On Jan. 10, Russian Foreign […]

Iran Eyes Closer Banking Ties with Iraq

Iran’s president called for stronger banking relations with Iraq to allow for a growth in the bilateral trade and economic cooperation. In a meeting with Iraq’s parliament speaker in Tehran on Tuesday, President Hassan Rouhani said expansion of economic and trade ties between the two neighbors hinges on enhanced baking relations. The central banks of […]

PSA Sells 444,600 Units in Iran

By John Lee. French carmaker Groupe PSA, which makes the Peugeot and Citroen brands, has reported that it has sold 444,600 units in Iran in 2017. Consolidated sales in the Middle East & Africa region were up by 61.4% on the previous year. In a statement, the company also made reference to the production start-up […]

Plane Deals to Take Longer to Complete

Iran would finally take delivery of dozens of European jets it has ordered following the 2015 nuclear deal between Tehran and world powers, John Leahy, Airbus Sales Chief, said, noting that the process could take longer to complete than planned. “I think those deals will get fulfilled, maybe not on the original schedule,” Leahy told […]

Surge in Downloads of Canadian VPN Tools

By John Lee. The Globe and Mail reports that recent protests in Iran are giving a boost to two Canadian companies offering virtual private networks (VPNs) and other software that can circumvent government censorship and surveillance. Ryan Dochuk, head of Toronto’s TunnelBear, said that the company’s software is being downloaded “en masse” in Iran. Another […]

Reformists gain Points while Smog Smothers Tehran

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s Reformists rack up political points while smog smothers Tehran Iran’s air pollution crisis, which claimed more than 4,800 lives in 2016, has become yet another area for scoring political points for both the […]

Total’s Gas Deal Going Ahead

Iranian Minister of Petroleum Bijan Zangeneh said the National Iranian Oil Company (NIOC)‘s gas deal with French energy giant Total is being executed on schedule and all the project’s tenders, excluding one for drilling operations, have been held. The official said all the contractors, except for one, who have signed in the tenders are domestic […]