Archive | Investment

Bitcoin “Can Help Revitalize Iran’s Economy”

An American political analyst has said the Bitcoin payment network can help the Islamic Republic of Iran develop both its domestic and foreign economy, adding that the system could “create many jobs” across the country. “I can see the possibility over the next few years of a few hundred million or maybe a few billion […]

Iranian President Leaves for Russia

Iranian President Hassan Rouhani left Tehran for Moscow on Monday to pay an official visit to the Russian Federation as part of efforts to boost bilateral relations between the two countries in all spheres. Heading a high-ranking political and economic delegation, President Rouhani departed for Moscow at the official invitation of his Russian counterpart, Vladimir […]

India Seeking New Payment Mechanism for Iran Trade

India is exploring setting up a new payments mechanism for trade with Iran, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo. Under previous Western sanctions, India had devised a barter-like scheme acceptable to Washington that allowed it to make some oil payments to […]

Tender for Karun II Dam and Power Station

Iran Water and Power Resources Development Company (IWPCO) has invited tenders for the Karun II Dam and Power Plant project in Khuzestan province. The project is being offered through a Public-Private Partnership (PPP) on Build, Operate and Transfer (BOT) basis. The Karun I and Karun III dams are located downstream and upstream of Karun II, […]

$3bn needed for Airport Development

By John Lee. The Iranian government is reportedly seeking private investors to fund a $3-billion expansion of the airports at Mehrabad, Imam Khomeini, Tabriz, Mashhad, Isfahan, Kerman and Shiraz. Trade Arabia reports that Iran has already gathered around $2.35 billion in foreign investments through memorandums of understanding, and secured $650 million in firm contracts. Among […]

Russia, Iran Negotiate Joint Projects Worth $10bn

By John Lee. Russian Minister of Energy Alexander Novak (pictured) and Iranian Minister of Information and Communications Technology Mahmoud Vaezi have met to discuss contracts worth $10 billion, according to a report from Sputnik News. Novak said the countries are expected to sign more than 10 contracts in the fields of construction and railway electrification, adding that two draft […]

IRISL seeking London Share Listing

By John Lee. The Islamic Republic of Iran Shipping Lines (IRISL) has reportedly held meetings in London to discuss a possible listing on the London Stock Exchange (LSE). The company was removed from sanctions blacklists last year, and has already placed an order for new ships estimated to be worth $626 million. But according to […]

Luxembourg Court “Dismisses” US Request to Freeze Iran Assets

Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court has rejected efforts by US to freeze $1.6 billion of Iranian assets in the European country. “A Luxembourg court dismissed the US request for the freeze of $1.6 billion of Iranian assets in its first verdict, and the decision has […]