Archive | Industry

Iran, Iraq Foreign Ministers Meet

On the sideline of the UN General Assembly meetings, Iraqi foreign affairs minister Dr. Al-Jaafari met his Iranian counterpart, Mr. Mohammed Javad Zarif. During the meeting, they discussed the bilateral relations and horizons to promote them in the interest of the two neighbouring countries; in addition to, discussing the political and security situations in the […]

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Rouhani on Sustainable Development Goals

At the United Nations Sustainable Development Summit on 25 September, more than 150 world leaders adopted the new 2030 Agenda for Sustainable Development, including the Sustainable Development Goals (SDGs). The United Nations Development Programme (UNDP) will support governments around the world in tackling the new agenda and taking it forward over the next 15 years. […]

Linde Group Eyes Return to Iran

By John Lee. The Chief Executive Officer of Germany’s Linde Group has said Iran’s petrochemical industry is in an ‘acceptable’ state, but needs to be upgraded in some areas. In an interview with Shana, Wolfgang Buchele (pictured) told Shana during a Tehran visit in July. “We learned today there is an intention of the Ministry […]

Iranian Chargé d’Affaires to London Named

By John Lee. Iranian Foreign Minister Mohammad Javad Zarif has appointed Mohammad Hassan Habibollah Zadeh as Iran’s new Chargé d’Affaires to London. Habibollah Zadeh has already served as Iran’s non-resident chargé d’affaires to London and head of first bureau of Western Europe at the Iranian foreign ministry. He has also carried out missions to Russia […]

China to Incorporate Iran’s Nanotechnology

The Iran Nanotechnology Initiative Council (INIC) has opened an office in the Chinese city of Suzhou, with the aim of strengthening its communications with China in the field of nanotechnology. INIC Secretary General, Saeed Sarkar (pictured), said “we will be able to offer our nano-products to the world through China”, and that he hoped to […]

Will Boycott Stifle Iran’s Auto Industry?

By a Correspondent in Tehran, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Will boycott campaign put the brakes on Iran’s auto industry? Just as Iranian authorities are preparing for a post-sanctions economic revival, another problem has emerged. A group of Iranian citizens has launched […]

Accor Announces Tehran Hotels

France’s AccorHotels has announced that it has signed a management agreement with Aria Ziggurat for its two inaugural properties in Tehran. The new hotels – Novotel IKIA and ibis IKIA – are connected to the main terminal of Imam Khomeini International Airport and scheduled to open in October 2015. AccorHotels is the first international hotel […]

Video: Shopping Malls Sprout in Iran

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The traditional bazaar has long been the place to shop in Iran but despite years of sanctions a new generation has discovered a vastly different consumer experience: blatant, unapologetic Western-style consumerism.

Video: What is the Future of US-Iran Relations?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. After decades of being demonised by the US, Iran may be emerging from international isolation thanks to the nuclear deal. Is the thaw a sign of a new rapprochement between two foes? Or […]

Iran, Iraq to Boost Trade

By John Lee. Iranian Economy Minister Ali Tayyebnia said that trade between Iran and Iraq is currently estimated at $12 billion when transit and tourism are taken into account, and that Tehran and Baghdad expect to increase the figure to $20 billion in the near future. The statement followed a meeting with Iraqi Finance Minister […]

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German Firm to Fund Iranian Wind Farm

By John Lee. A German-Iranian company has reportedly signed an agreement to build a 48-megawatt wind farm in southwestern Iran. Development Environment Arvand Company will fund the 40-million-euros ($46-million) project in the Arvand Free Trade Zone in Iran’s Khuzestan province. Project Manager Frank Riesbeck told Bloomberg that turbine shipments are due to begin in January, […]

Iran, Pakistan to Expand Trade

By John Lee. Iran and Pakistan plan to increase their annual trade to $5 billion over the next five years, following the removal of sanctions. Emports from Iran to Pakistan fell from $884 million in 2010 to $186 million in 2014 as a result of sanctions, while Pakistan’s exports to Iran fell to $43 million […]

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Govt Expects 5% Growth

By John Lee. An Iranian Government spokesman has said that the government expects an economic growth of five percent in 2016, up from three percent this year, despite depressed oil prices. “Given oil revenue only represents 30 percent of the budget, the decrease in oil prices has had limited impact on government spending, including on […]

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Rouhani’s Midterm Economic Scorecard

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. Was it a win or a loss? Checking Rouhani’s midterm economic scorecard Halfway into his term, it is time to evaluate the performance of Iranian President Hassan Rouhani’s economic policies. This is particularly relevant since […]

Winners and Losers if Sanctions Lifted

By John Lee. An analysis by Fortune magazine lists the expected winners and losers from a lifting of sanctions on Iran. Winners EU automakers: Companies such as Germany’s Mercedes-Benz, and Peugeot and Renault of France, are identified as being well positioned to take advantage of Iran’s large market. Oil services companies: Iran says it needs […]

UK Re-Opens Embassy in Iran

By John Lee. British Foreign Secretary Philip Hammond has been in Iran this weekend to meet with President Hassan Rouhani, and to re-open the British embassy in Tehran. Mr Hammond told the BBC: “In all of the meetings we’ve been to we’ve heard a consistent message that Iran wants to do business with Britain, that […]