Archive | Investment

Dentons advises Quercus on €500m Solar Energy Deal

Dentons Europe LLP has advised Quercus, one of the world’s largest renewable energy investors, on a deal worth more than €500 million with Iran’s Ministry of Energy for the development, construction and operation of a 600 MW solar energy photovoltaic (PV) plant in Iran. This is Quercus’ first investment outside of Europe and represents the […]

Trump Threatens to Pull Out of Iran Nuclear Deal

US President Donald Trump has threatened to terminate the Iran nuclear deal — the Joint Comprehensive Plan of Action (JCPOA) — if the US Congress and American allies don’t change the agreement. While not immediately pulling the US out of the deal, he said his administration was ready to negotiate on toughen the obligations on […]

President Trump’s New Strategy on Iran

“It is time for the entire world to join us in demanding that Iran’s government end its pursuit of death and destruction.” – President Donald J. Trump President Donald J. Trump, in consultation with his national security team, has approved a new strategy for Iran. It is the culmination of nine months of deliberation with […]

IMF Forecasts Economic Slump for Iran in 2017

The International Monetary Fund (IMF) predicted an economic slump for Iran in 2017. “Iran’s economic growth will slide to 3.5 percent in 2017 from 12.5 percent in 2016 but is expected to expand 3.8 percent next year,” it said, The National reported. It added that other oil producing nations are also expected to see a […]

Tehran Chamber of Commerce opens London Office

An office of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has been opened in London to attract foreign investment in the Islamic Republic. Speaking at the inauguration of the office, the head of the TCCIMA, Masoud Khansari, said following the 2015 nuclear deal between Tehran and six world powers, also known as […]

Iran-Serbia Joint Commission holds 1st Meeting

The first meeting of Iran-Serbia Joint Consular Commission was held in Tehran on Tuesday, October 3. The meeting was headed by Ali Chegeni, the Iranian foreign ministery’s director-general for consular affairs, and Aca Jovanovic, the Serbian assistant foreign minister for consular affairs. During the meeting, the Iranian and Serbian consular delegations conferred on ways to […]

Conditions Favorable for Foreign Investors in Iran: MP

A member of the Iranian parliament said there are no legal barriers for foreign investors in Iran, adding the country enjoys favorable conditions for foreign financiers. Speaking on the sidelines of IranPlast international exhibition in Tehran on Wednesday, Javad Hosseinikia said, “Iran is a paradise for foreign investors.” He said the fair offers domestic companies […]

Philippines Considers Investing in Iran Petchem Sector

Tehran and Manila held talks on enhancing energy ties and petrochemical investment in Iran. Iranian Minister of Petroleum Bijan Zangeneh and Jose De Venecia, special representative of the Philippines president, met in Tehran on Tuesday to discuss energy ties and petrochemical investment in Iran. Supplying feedstock to refineries in Philippines by Iran and financing petrochemical […]

Rouhani Hopes for Closer Tehran-London Trade Ties

Iranian President Hassan Rouhani reiterated his administration’s policy to promote relations with European countries and said the Islamic Republic is ready to deepen ties with Britain in all spheres, economy in particular. Speaking at a meeting with British Prime Minister Theresa May in New York on Wednesday, Rouhani described facilitating banking cooperation as an important […]

Iran ‘Luring Investment Destination’ for Energy Finance

A member of the Iranian parliament says Iran is “safe oasis” among Middle East countries for investing in oil and energy projects. Abdolkarimi Hossein Zadeh, a member of the parliament’s Civil Committee, noted the significance of attracting fresh investments in the energy and oil sector, adding Iran is a safe haven among regional countries for […]

Tags:

Iran Eager to Work with German Entrepreneurs

An Iranian minister expressed the country’s willingness to develop a close partnership with German entrepreneurs and industry leaders. In a meeting with a group of German business people in Tehran on Monday, Iranian Minister of Cooperative, Labor and Welfare Ali Rabiee said Iran is ready for trade interaction with German entrepreneurs and industry owners. Highlighting […]

Quercus plans EUR 500m Iran Solar Project

By John Lee. UK-based renewable energy investor Quercus will reportedly invest over half a billion euros in a solar power project in Iran. Chief executive Diego Biasi (pictured) told Reuters that construction of the 600-megawatt (MW) plant will start in the first half of 2018. He added that the firm embarked on such a big project […]

Europeans Keen for Close Economic Ties with Iran

Iranian President Hassan Rouhani and a number of European leaders discussed the bilateral, regional and international issues on the sidelines of the UN General Assembly, with all the Europeans showing enthusiasm for investment in Iran and stronger trade ties in the post-JCPOA era. Keeping a busy schedule during his trip to New York, President Rouhani […]

French Law Firm sets up Tehran Office

By John Lee. French law firm Gide Loyrette Nouel has announced the inauguration of its new office in Tehran. In a statement, the company said: “In line with its pioneering spirit, Gide becomes the first international law firm to obtain a licence in order to open a branch office and practise in Iran under its […]

Iran Cracks Down on IRGC Business Network

The Financial Times reports that Iran’s Revolutionary Guards Corps (IRGC) is being forced to shrink its sprawling business empire, and some of its senior members have been arrested as part of President Hassan Rouhani’s attempts to curb the elite force’s role in the economy. A regime insider and a government official told the newspaper that […]

Iranian Shareholders face Rocky Road ahead

By Navid Kalhor for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  In its 50-year history, the Tehran Stock Exchange (TSE) staged its best performance in the Iranian year beginning March 21, 2013. But by January 2014, it struggled to break or […]

Calls for Iran-Venezuela Joint Economic Commission

Iranian President Hassan Rouhani said formation of a joint economic commission would greatly help expand Tehran-Caracas relations. “The establishment of a joint economic commission between the two countries is an important step to further strengthen mutual cooperation (between Iran and Venezuela),” Rouhani said in a meeting with his Venezuelan counterpart Nicolas Maduro in Kazakhstan’s capital […]

Japan Opens Letter of Credit for Methanol Project

Japan is planning to open letters of credit worth up to €230 million for construction of Iran’s Apadana Persian Gulf Petrochemical Plant, which will need 462 million euros in finances for completion, the plant’s managing director says. Touraj Arounaqhi said a portion of the required investment will be supplied by Japanese companies to Persian Gulf […]

Talks on Iran-EAEU Partnership in Final Phase

Russia’s First Deputy Prime Minister Igor Shuvalov said talks with Iran over its partnership with the Eurasian Economic Union (EAEU) are nearing an end. “We are in talks with Singapore and we are close to conclusion of negotiations with Iran,” Shuvalov said on Wednesday, the Tass news agency reported. Iran and the EAEU negotiated for […]