Archive | Investment

Indigo Invests in Iranian Fast Moving Consumer Goods

Indigo Holdings plc, the Middle East focused Investment Company that provides investors with exposure to early stage businesses, has invested IRR 10,000,000,000 (Ten billion Rial), approximately £200,000, in FMCG, the recently established online retail delivery business of Yaran Daryan, the Iranian convenience store chain. Indigo has acquired a 15% equity stake in FMCG at a […]

Trump Orders Review of Iran Nuclear Deal

By John Lee. US President Donald Trump has directed a National Security Council-led interagency review of the Joint Comprehensive Plan of Action (JCPOA). The US Department of State confirmed that, while Iran is compliant with its commitments under the Joint Comprehensive Plan of Action (JCPOA), Secretary Rex Tillerson has raised concerns about Iran’s role as […]

UK Considers $600bn Opportunities in Iran

By John Lee. The Telegraph reports that British firms are “cautiously eying” opportunities in Iran, ahead of an expected $600-billion boom in trade and infrastructure investment by 2027. Amanda Clack, head of Infrastructure and consultancy EY, is quoted as saying: “Is there an opportunity here for UK business? Of course there is … Deliverability is […]

Swedish Govt Authorizes Firm to Invest in Iran through Bitcoins

The government of Sweden is reported to have authorized a local business to create a mechanism based on a globally popular virtual currency to transfer funds to Iran. The move is already believed to have the potential to facilitate investing in the Islamic Republic where transferring money in and out became complicated as a result […]

Iran’s President Calls for Ideas to Stimulate Production, Employment

Iranian President Hassan Rouhani issued a proclamation to the whole administrative organizations, calling for plans and ideas to accelerate efforts to achieve the goal of stronger domestic production and employment. In the proclamation issued on Monday, President Rouhani assigned the heads of the administrative organizations the job of devising a “package of proposals” to optimize […]

Singaporean Minister discusses Trade and Banking in Iran

Senior Minister of State of Singapore Mohamad Maliki Osman has met Iranian foreign minister Javad Zarif in Tehran. Osman, state minister at Singapores foreign affairs and defense ministries discussed economic, trade, banking and investment cooperations with Zarif, according to the Iranian foreign ministry. They also discussed regional and international issues, including Syria and fighting terrorism […]

Foreign Oil Firms Presence Positive for Iran Petroleum Sector

Iranian Minister of Petroleum Bijan Zangeneh said presence of foreign developers in oil and gas projects in Iran would ensure economic stability and development in oil industry while keeping the enemies away. Addressing the Parliament on Sunday, the official said Iran can already cooperate with a limited number of foreign firms in oil projects; a […]

President Inaugurates Development Projects North of Iran

Iranian President Hassan Rouhani inaugurated 43 new projects in the country’s northern province of Mazandaran on Tuesday. Tens of projects in Mazandaran came into service and a number of others began to be implemented on the president’s order via a video conference. Most of the projects have been unveiled in or around the port city […]

Despite nuclear deal, EU firms still cautious on Iran

By Dr. David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Since the signing and implementation of the Joint Comprehensive Plan of Action (JCPOA), European businesses have shown great interest in re-entering Iran. Trade between Iran and the EU has already notably picked […]

Over $9bn Foreign Investments Approved over Past Year

Iran approved over $9 billion in foreign investment during the last Iranian year (March 20, 2016 – March 21, 2017), director general of the Economy Ministry’s Foreign Investment Office announced. Ahmad Jamali said over the past Iranian year, the Foreign Investment Office has approved more than $9 billion in foreign investment. He added that during […]