Archive | Industry

Iran’s Exports to Syria Double

The total value of Iran’s exports to Syria over the first four months of the current Iranian year (which started on March 21, 2017) has doubled compared to the same period last year, a senior official at the Trade Promotion Organization (TPO) announced. During the first four months of the last Iranian year (March 20, […]

Armenia and Iran Cooperate on Free Trade Zones

By John Lee. Iran and Armenia have reportedly signed a memorandum of understanding to broaden cooperation between Iran’s Aras and Armenia’s Meghri free trade zones. At the signing in Yerevan, the Iranian President’s Advisor and Secretary of Free Trade Zones Coordination Council, Akbar Torkan, described the Aras free trade zone is a door of cooperation […]

Korean Firm signs Deal with Iranian Pharma

Korea’s Dong-A ST has reeportedly reached a technology transfer agreement with Iranian pharmaceutical firm Rooyan Darou. Under the agreement, Dong-A ST will immediately share its production technology of two therapies — growth hormone injection Growtropin and leukopenia therapy Leucostim — with the Tehran-based company. Rooyan Darou will also be granted a license to make and […]

Iran World’s “Riskiest” Country for Money Laundering

By John Lee. Iran has been listed as the country with the highest risk for money laundering. The Basel Anti-Money Laundering (AML) Index measures the risk of money laundering and terrorist financing of countries based on publicly available sources. A total of 14 indicators that deal with AML/CFT regulations, corruption, financial standards, political disclosure and […]

The real footprint of the IRGC in Iran’s economy

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. The Iranian economy consists of three distinct sectors: public, private and semi-state — which includes religious, revolutionary, military foundations and cooperatives, as well as social security and pension funds. Experts agree that as a […]

Omani Delegation Visits Iran for Trade Talks

An Omani trade delegation paid a visit to the southeastern Iranian southern port city of Jask, Hormozgan province, to discuss ways to improve economic ties between the two nations, a report said. Headed by Khamis bin Abdullah al Farsi, the director general of commerce at Oman’s Ministry of Commerce and Industry, the mission held a […]

Iran to Hold Exhibition in Istanbul in October

An exhibition of Iranian products and goods is planned to be staged in the Turkish city of Istanbul in late October, according to the Iranian Embassy in Turkey. The Iran Solo Exhibition will open on October 25 and last until October 28, the commercial attaché of the embassy, Hamid Zadboum announced. It will be launched […]

Iran-US Bilateral Trade Drops by 29% in 6 Months

The total value of trade exchanges between Iran and the US over the first half of 2017 has decreased by 29 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 June amounted to $77.2 million, showing a 29% drop, […]

Japanese FM Calls for Closer Tehran-Tokyo Economic Ties

Japanese Foreign Minister Taro Kono underscored the importance of enhanced bilateral relations between Tehran and Tokyo in various fields, economy in particular, following the removal of anti-Tehran sanctions. Japan’s policy towards the Islamic Republic continues to be based on the development of all-out ties with Tehran, Kono said in a meeting with Iran’s Deputy Foreign […]

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France’s Air Liquide Signs Deal for MTP Plant

French industrial gases producer Air Liquide has signed a deal with Iran’s National Petrochemical Company (NPC) to build a 500,000 tons/year methanol-to-propylene (MTP) plant. Owned and operated by Iran’s Petrochemical Research and Technology Company (PRTC), the plant would be built in the southwestern Iranian city of Mahshahr, Shana news agency reported. The agreement was signed […]