Iran emerges as Health Tourism Destination

By Maysam Bizaer for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Tourism is nowadays at the core of attention of many governments across the world because of its major contribution to social and economic development. As the World Tourism Organization states, the business volume of tourism […]

Inside the world of Social Media Advertising in Iran

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. Fatemeh sits in the driver’s seat of the car with a PlayStation 4 on her lap. “Happy Birthday,” she shouts at her husband as he hops in the car. Mohamaad is ecstatic and asks […]

UK Firm in Iran Healthcare Deal

Oncimmune Holdings plc, a leading early cancer detection company developing and commercialising its proprietary EarlyCDT® platform technology, has announced that it has signed an exclusive agreement for distribution of its EarlyCDT®-Lung test in Iran with Tarvand Sina Tajhiz Co., an Iranian provider of test services and kits to the medical community. The agreement allows for the sale of […]

Singapore Firm signs deal to Study Iran Oilfield

The National Iranian Oil Company (NIOC) and Singapore’s Berlanga signed a memorandum of understanding (MoU) for the latter to start studies on development of Iran’s Dalpari Oilfield. The deal was signed by Gholamreza Manouchehri, NIOC deputy managing director for development of engineering, and Shyngys Kulzhamov, director of Berlanga UK, in Tehran on Wednesday. West Oil […]

Iran, Austria Discuss Closer Trade Ties

Head of Iran’s Chamber of Commerce Gholam Hossein Shafei and Austrian Ambassador to Tehran Stefan Scholz exchanged views about ways to promote bilateral relations between Tehran and Vienna in diverse fields, economy in particular. Speaking at the meeting, held in Tehran on Tuesday, Shafei said Iran’s relations with Austria have been special compared to its […]

Iran-Ghana Commission for Cooperation in Accra

The sixth session of the Iran-Ghana Permanent Joint Commission for Cooperation (PJCC) is underway in Accra, the capital of the African country. The two-day meeting seeks to enhance the level of partnership and cooperation to incorporate new thematic areas of policies concerns and initiatives between the two countries, Ghana news agency reported. The areas for […]

Indian Wheat Reaches Afghanistan via Iranian Port

Afghanistan has received an inaugural consignment of wheat from India through Iran’s strategic port of Chabahar, opening a new trade and transit route for the landlocked nation that bypasses neighboring Pakistan, a report said. The shipment of almost 15,000 tons of wheat dispatched from India’s western port of Kandla on October 29 reached the Iranian […]

EU Visitor Impressed by Iran’s Progress in Food Industry

A member of a visiting delegation from the European Union said she was impressed by the level of standard of certain sectors of the food industry in Iran, hailing the country’s advances despite foreign sanctions. A 70-strong delegation from the European Union, led by the EU’s Commissioner for Agriculture and Rural Development Phil Hogan, is […]

EU Commissioner to Help Resolve Iran’s Banking Problems

Visiting European Union Commissioner for Agriculture and Rural Development Phil Hogan vowed to make efforts to help resolve banking problems hampering Iran’s foreign trade with the 28-nation bloc. Speaking at a press conference in Tehran on Saturday, Hogan highlighted the reasons behind the existence of banking problems hampering Iran-EU trade two years after the Iran […]

Germany’s Siemens Delivers 2nd F-Class Turbine to Iran

Siemens, the German industrial group, has shipped the second F-class gas tribune to Iran, a report said. Siemens has shipped the second F-class gas turbine for the project Bandar Abbas to Iran, Iranian media reported on Saturday. The first of the two F-class gas turbines to be used at the Bandar Abbas power station was […]

Iran-US Trade Drops 21% in 9 Months

The total value of bilateral trade between Iran and the US over the first nine months of 2017 has decreased by 21 percent, according to the latest data released by the US Census Bureau. The bilateral trade between the Islamic Republic and the US from January to September amounted to $140 million, showing a 21% […]

Intimidated by US, Major Banks Avoid Working with Iran

A member of Iran’s Money and Credit Council attributed major global banks’ reluctance to build banking links with Iran to the US government’s intimidating policies and obstructionism. Conditions are not still set for Iranian banks to make connection with the world’s top banks, Bahman Abdollahi, member of the highest policy-making body in the Central Bank […]

EU Ministers Voice Support for JCPOA

Foreign ministers of the three European parties to the Joint Comprehensive Plan of Action (JCPOA) emphasized the necessity for saving the nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a meeting before a gathering of the EU Foreign Affairs Council (FAC) meeting in Belgium’s capital of […]

Total May Have to Rethink Iran Deal due to Trump

Total Chief Executive Officer Patrick Pouyanne said US President Donald Trump’s new aggressive approach to Iran could kill a huge energy investment the French oil and gas major signed with Tehran just four months ago. “Either we can do the deal legally if there is a legal framework,” Pouyanné told CNN on Monday. “If we […]

Iran “Intends to Legalize Bitcoin”

By John Lee. The Iranian government reportedly intends to legalize the crypto-currency Bitcoin as a legal tender. Iran’s Minister of Information and Communication Technologies is quoted by Novinite as saying that his ministry has carried out research to prepare the necessary infrastructure for the use of Bitcoin. He said that he believes that the legalization of […]

ATR Says to Deliver More Aircraft to Iran

The chief executive of the French-Italian aircraft manufacturer ATR said the company plans to deliver eight more aircraft to Iran by the year’s end. ATR aims to deliver another eight aircraft to Iran by the end of the year after delivering six so far this year under US export licenses issued following the lifting of […]

Video: Iran Pledges Swift Aid after Earthquake

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Thousands of homeless Iranians sought shelter from bitter cold on Tuesday as President Hassan Rouhani promised swift help after a major earthquake that killed more than 400 people.

Video: UK’s Foreign Secretary says Sorry for Blunder

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The UK’s Foreign Secretary has apologised for causing distress to a British citizen jailed in Iran, and her family. Nazanin Zaghari-Ratcliffe is facing charges of spreading propaganda. Boris Johnson has reportedly complicated the […]

Quake Death Toll Rises to 372

With successive aftershocks still rumbling through western Iran more than 18 hours after a massive earthquake on Sunday night, the province of Kermanshah, hit hardest by the temblor, declared three days of mourning. Western regions of Iran, particularly residential areas in the province of Kermanshah, have felt scores of tremors, some even measuring greater than […]