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Mechanism Commensurate with INSTEX “to be Established Soon”

Iran’s Mechanism Commensurate with INSTEX to Be Established Soon: CBI Chief Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said a mechanism commensurate with the European Union’s mechanism for trade with Iran, known as the Instrument in Support of Trade Exchanges (INSTEX), will be established in the country soon. “In the talks that […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Staff Assistant, ESCAP – Economic and Social Commission for Asia and the Pacific Programme Officer, ESCAP – Economic and Social Commission for Asia and the Pacific Administrative Assistant, ESCAP – Economic and Social Commission for Asia and the Pacific International Consultancy Services as a […]

Iran, Iraq “to Meet $20bn Trade Target in 2 Yrs”

Iran’s Minister of Industry, Mine and Trade Reza Rahmani said Tehran and Baghdad have agreed to reach the target of raising the value of annual trade exchange to $20 billion within the next two years. Speaking at a TV program on Wednesday, Rahmani stressed the need to exploit the potential of Iran and Iraq for […]

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Iran, Iraq Ink 5 Agreements

Iran and Iraq signed five deals to promote cooperation in various fields on the first day of Iranian President Hassan Rouhani’s trip to Baghdad. In a meeting co-chaired by Rouhani and Prime Minister of Iraq Adil Abdul-Mahdi in Baghdad on Monday evening, top officials from the two countries signed five memoranda of understanding. The documents […]

Iran-Iraq Banking Problems “Settled”

The Secretary of Iran-Iraq Chamber of Commerce said the obstacles to banking interaction between the two neighbors have been settled and the bilateral trade exchange is fairly normal. In comments at a televised program on Sunday night, Hamid Hosseini said the problems with banking relations between Iran and Iraq have been resolved and the process […]

33-yrs Prison, 148 lashes, for Women’s Rights Defender

Iran: Shocking 33-year prison term and 148 lashes for women’s rights defender Nasrin Sotoudeh The sentencing of prominent Iranian human rights lawyer and women’s rights defender Nasrin Sotoudeh to 33 years in prison and 148 lashes in a new case against her is an outrageous injustice, said Amnesty International. The sentence, reported on her husband […]

UK affords Nazanin Zaghari Ratcliffe Diplomatic Protection

The Foreign Secretary has today (7 March) decided that the UK will exercise diplomatic protection in the case of Nazanin Zaghari-Ratcliffe as part of the Government’s continuing efforts to secure her release. Affording diplomatic protection in Nazanin’s case represents formal recognition by the British Government that her treatment fails to meet Iran’s obligations under International […]

Iraq Rebuffs US on Cutting Off Energy Purchases from Iran

The US is pressuring Iraq to stop buying energy from its neighbor Iran, in what has become a major point of conflict between Washington and Baghdad. Iraqi leaders are pushing back on the demand, which is rooted in US President Donald Trump’s sanctions against Iran, according to a report by the New York Times on […]

Iran, Turkey Complementary in Many Areas: Minister

Turkish Minister of Transport and Infrastructure Mehmet Cahit Turhan highlighted the importance of his country’s relations with Iran and said the two nations can complement each other in various political, cultural and economic areas. Speaking at a ceremony in Ankara on Monday to mark the 40th anniversary of the Islamic Revolution’s victory, Turhan hailed the […]

Top Lawmakers Discuss Bolstering Iran-Japan Ties

Iranian Parliament Speaker Ali Larijani and President of Japan’s House of Councilors Chuichi Date explored avenues for the expansion of political and economic relations between the two countries. Larijani, who has travelled to Japan with a parliamentary delegation, met with Chuichi Date on Tuesday. In the gathering, the Iranian official hailed the age-old relations between […]

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Iran, Iraq to Use Euro, Dinar in Oil Trade

The governor of the Central Bank of Iran unveiled plans for using non-dollar accounts for oil and gas trade with Iraq. Abdolnaser Hemmati on Wednesday held a meeting with presidents of Iraqi banks, members of Iraq’s chamber of commerce and the Arab country’s business people during a trip to Baghdad. In the gathering, the top […]

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After 40 years, is Iran’s Revolution Unravelling?

By Suzanne Maloney, Brookings Institution. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. After 40 years, is Iran’s revolution unravelling? Iranians came to the streets en masse on Monday to mark the 40th anniversary of the revolution that brought their Islamic Republic to power. As […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Staff Assistant, Economist, ESCAP – Economic and Social Commission for Asia and the Pacific (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock)

Iran, Iraq Deal to Boost Cooperation in Electricity

High-ranking officials from Iran and Iraq on Friday signed two memorandums of understanding (MoUs) and a contract to boost cooperation between the two countries in the electricity industry. At the end of his three-day visit to Iran, Iraqi Minister of Electricity Luay al-Khatteeb signed two MoUs and a contract on the electric industry with Iranian […]

Iran’s Biggest Solar Power Plant Launched

Iran’s biggest solar power plant with a capacity to produce seven megawatts (MW) of electricity was inaugurated in the western province of Hamedan on Tuesday. The power plant came into operation during a ceremony attended by Iranian First Vice-President Eshaq Jahangiri and Energy Minister Reza Ardakanian in Hamedan on Tuesday. The renewable energy project has […]

Russia to Construct Iran-India Gas Pipeline

Iranian Oil Minister Bijan Namdar Zanganeh said the country has accepted Russia’s proposal to construct a subsea pipeline for exporting natural gas from the Islamic Republic to India. Speaking to reporters at a press conference in Tehran on Tuesday, Zanganeh dismissed as “untrue” claims that he had not accepted the Indians’ proposal to construct the […]

US “Pressuring” European Firms to Limit Activity in Iran

The general secretary of the German-Iranian Chamber of Commerce said US officials are pressuring European companies to limit their business activities in Iran. “There is more passion from our American friends to create problems,” Michael Tockuss told the German business news weekly Wirtschaftswoche on Saturday. Those problems, Tockuss said, stem from direct pressure being applied […]

ATR Applies for US Permission to Deliver Iran Planes

The CEO of Iran Air said ATR aircraft manufacturer has requested permission from the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury for the delivery of the turboprops Iran has purchased. Farzaneh Sharafbafi told Tasnim on Saturday that the delivery of the remaining ATR turboprops to Iran requires a permission […]

Up to 7000 German firms eager to Trade with Iran

By John Lee. The managing director of the German-Iranian Chamber of Commerce has reportedly said that up to 7,000 German business enterprises are believed to be seeking to continue trade with Iran. Michael Tockuss is quoted as saying: “Our estimate is that between 5,000 and 7,000 small- and medium-scale businesses are still after trade with […]

Attempts to Hack Diplomatic Entities in Iran

By John Lee. Russian cybersecurity firm Kaspersky Lab has said it has found evidence of attempts to compromise the information systems of foreign diplomatic entities in Iran: “Throughout the autumn of 2018 we analyzed a long-standing (and still active at that time) cyber-espionage campaign that was primarily targeting foreign diplomatic entities based in Iran. “The […]