Iran among World’s Most Powerful Economies by 2050

Iran will be among the biggest and most powerful economies in the world within the next three decades, a recent study showed. According to the study carried out by professional services giant PwC, Iran will be among 32 most powerful economies in the world by 2050. The report, titled “The long view: how will the […]

Construction of Iran-Oman-India Pipeline “Imminent”

An official with New Delhi-based South Asia Gas Enterprise Pvt Ltd (SAGE) said that the implementation of a plan to build an undersea gas pipeline to export Iran’s gas via Oman Sea and Indian Ocean to India is imminent. “With the sanctions being lifted, that has definitely changed the game, and the level of interest […]

NISOC, MAPNA agree Oilfield Study

A memorandum of understanding between the National Iranian South Oilfields Company (NISOC) and MAPNA Industrial Group has been signed in Ahvaz. According to this contract, three reservoirs of Karanj, Parsi and Rag Sefid will be studied within 6-months. In December, a Memorandum of Understanding (MoU) and Non-Disclosure Agreement (NDA) was signed between National Iranian South […]

Will this Woman become Iran’s First Female President?

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 may see its first female presidential candidate in the May 19 elections. After a period of silence, Marzieh Vahid Dastjerdi, the Islamic Republic’s first and only female minister, has in recent days and […]

Russia Proposes Joint Production of Ilyushin Planes in Iran

Moscow has presented a proposal to Tehran for the joint production of its Ilyushin planes in the Islamic Republic, Russia’s energy minister said. Alexander Novak was quoted by Iran’s media as saying that he had presented the proposal – which involved the production of the renovated version of the Ilyushin Il-114 regional planes – in […]

Athos Solar completes first Green-Field Solar Plants in Iran

Athos Solar GmbH, based in Heidelberg, Germany, recently became the first investor to install and launch two high-performance green-field photovoltaic plants in Iran. The two systems, located in the province of Hamadan near Tehran, have a surface area of ten hectares each, making them the first of their scale in Iran. Further, their combined peak […]

“Retrospective Application of an Increase in Excise” hits BAT

By John Lee. In its full-year results, British American Tobacco (BAT) has announced that its volume and profit in Iraq were lower due to the retrospective application of an increase in excise. The company makes and sells cigarette brands including Kent, Dunhill, Pall Mall, and Rothmans. (Source: British American Tobacco)

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Senior Wheat Breeder, International Maize and Wheat Improvement Center (CIMMYT) Senior Finance Manager, Relief International (Source: UN) (Picture credit: Amir1140)

Iran Eyes Finalization of FTZ Deal with EAEU

Iran’s First Vice-President Eshaq Jahangiri expressed the hope for finalization of arrangements for creation of a free trade zone (FTZ) with the Eurasian Economic Union (EAEU) before President Hassan Rouhani’s upcoming visit to Russia. In a meeting with First Deputy Prime Minister of Russia Igor Shuvalov in Tehran on Tuesday, Jahangiri voiced the country’s willingness […]

Tehran, Moscow Start Construction of Power Plant at Bandar Abbas

Iran and Russia have started constructing a thermal power plant in the southern city of Bandar Abbas, a report said. According to the report carried by Sputnik on Monday, Tehran and Moscow began the construction of the thermal power plant during a ceremony attended by Russian Energy Minister Alexander Novak. The plant, with a capacity […]