Archive | Industry

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 […]