Archive | Investment

Foreign Investors to Flock to Iran in H2 2016

A senior petrochemical official says Iran will be targeted by foreign investors, mostly Europeans, in the second half of 2016. Isa Mashayekhi, managing director of Iran International Petrochemical Company (IIPC), said investments in Iran’s petrochemical sector have been seriously impacted by the sanctions whose removal will boost the industry in Iran. “Once JCPOA is implemented, […]

Much-Awaited Future Energy Forum Opens for Membership

Beginning 2016 founders of The Iraq Club, will officially launch the Future Energy Forum (FEF), an exclusive business-focused community connecting a senior network of leaders specifically engaged in the development of emerging energy markets. A much anticipated forum, FEF is spearheaded by William Wakeham and Leanne Case, both of whom are leading experts on critical […]

South Africans Conclude Successful Visit to Iran

Deputy President Cyril Ramaphosa concluded a successful three-day working visit to the Islamic Republic of Iran on Monday, 9 November 2015 where he led a high level government and trade delegation to consolidate bilateral political, economic and trade relations between the two countries. Deputy President Ramaphosa’s visit took place following the signing of the Joint […]

S.Koreans Seek Joint Ventures with Iran

A delegation from South Korea’s Small and Medium Business Administration (SMBA) has visited Iran to look at investments and joint ventures with Iranian partners. IRNA news agency reports that the group met with officials of the Iran Small Industries and Industrial Parks Organization (ISIPO) in Tehran on Wednesday, and agreed to sign a memorandum of understanding […]

Private Equity Firm Sets Up before Sanctions Lift

An investment banker with dual UK and Iranian citizenship has set up Iran’s first private equity firm able to take foreign investment, according to a report from Business Insider. Xanyar Kamangar (pictured), who left his investment banking job at Deutsche Bank, wants to be ready for investment opportunities as soon as sanctions are removed. From […]

Tehran, Istanbul Bourses sign MOU

The Tehran Stock Exchange (TSE) has signed a memorandum of understanding (MOU) on bilateral cooperation with Istanbul Stock Exchange, also known as Borsa Istanbul, according to the Fars News Agency. The MOU was signed by Hassan Qalibaf-Asl [Hassan Ghalibaf Asl] (pictured), the managing director of TSE, and Tuncay Dinc, the CEO of Borsa Istanbul. Qalibaf-Asl […]

Austrian Firm Considers $6bn Investment in Ilam Province

The Governor General of the western province of Ilam, Mohammad-Reza Morvarid (pictured), said an Austrian company is considering investment in two oil and petrochemical projects in the province. Following a meeting with a visiting delegation of Austrian financers, he said the firm is interested to invest $6 billion in Dehloran petrochemical plant and Dehloran NGL […]

Has Iran entered ‘New Era’ of Economic Policies?

By Seyed Mahdi Barakchian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Supreme Leader Ayatollah Ali Khamenei’s speech at his Aug. 26 meeting with President Hassan Rouhani (pictured) and the Cabinet signaled a new era for the management of the Iranian economy. This is notable, […]

Korea signs MOU with Iran re Stock Market

By John Lee. The Korea Exchange (KRX), operator of South Korea’s stock exchange, has signed a memorandum of understanding with the Securities and Exchange Organization (SEO) of Iran in Tehran collaborate and share experience in building related infrastructure. The SEO is Iran’s financial regulatory body, which governs the country’s stock, derivatives and bond markets. The KRX […]

Japan Tobacco buys Iranian Cigarette Maker

Japan Tobacco International (JTI) has reportedly bought an Iranian cigarette maker in an attempt to reinforce its position as the market leader in a country prior to the expected relaxation of sanctions. The Financial Times reports that JTI Pars, its Iranian subsidiary, recently acquired the privately owned Arian Tobacco Industry (ATI) for an undisclosed amount. […]

Video: Iran Nuclear Deal Enters New Phase

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The nuclear agreement between Iran and world powers reached in July has come into effect. Tehran will begin what’s being called the biggest nuclear dismantlement in history. Its compliance with the deal will […]

Petroleum Minister Underlines Anti-Corruption Drive

The Minister of Petroleum, Bijan Zangeneh, has called for the fight against financial corruption across the country urging the ministry’s staff to be careful to provide an honest service. “Due to large amounts of monetary transactions in the oil industry, there is the possibility of corruption. The money in the oil belongs to the public […]

Iranian Stocks continue Two-Year Slump

By Morteza Ramezanpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Lingering ambiguities, cuts in company earnings, high interest rates, stubborn inflation and Western sanctions have combined to send the Tehran Stock Exchange’s TEDPIX to its lowest point in over two years. According to Tehran […]

Iran, Germany start new Power Talks

Iran and Germany have launched a new round of talks on setting up power plants in Iran, according to a report from Mehr News Agency. Olaf Lies (pictured), Minister of Economic Affairs, Labor and Transport for the federal state of Lower Saxony, met with Homayoon Haeri the managing director of Iran Power Generation and Transmission […]

IGRC-Linked Companies may Partner with IOCs

The man responsible for Iran’s new oil contracts has said that domestic companies linked to the Islamic Revolutionary Guards Corp (IRGC) may be approved to partner international oil companies (IOCs) in joint ventures. Seyed Mehdi Hosseini, head of the Oil Contracts Restructuring Committee, said: “The point of these Revolutionary Guards is that they are engineering companies, […]

“Prospects for 2016/17 are Brighter”, IMF

An International Monetary Fund (IMF) team has reported that comprehensive economic reforms will be needed in Iran if it is to benefit from the nuclear deal it struck with six world powers in July. It said real GDP growth is projected to decline from 3 percent in 2014/15 to somewhere between 0.5 to -0.5 percent in […]

Spanish Firms Considering Projects in Iran

IRNA reports that Spanish companies have begun analyzing tenders for participation in infrastructure and development projects in Iran to be implemented in the course of the next year. According to Spainish political daily The Diplomat, Iranian officials have declared the country’s readiness for partnership with foreign firms in 121 infrastructure and development projects worth more […]

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$8bn Profit Waiting Iran’s Foreign Investors

President of the Research Institute of Petroleum Industry (RIPI) said international firms and investors will turn a profit of 8 billion dollars after removal of the sanctions against Iran. “It is estimated that with implementation of the (nuclear) Joint Comprehensive Plan of Action (JCPOA), a market worth 8 billion dollars will be before international firms […]

Cooperation between Iran, Luxembourg Stock Exchanges

The President of the Iranian Securities and Exchange Organization, Mohammad Fetanat, has called for the facilitation of ‘joint cooperation’ between the supervisory bodies of the Iranian and Luxembourg stock exchanges. At a meeting with Robert Scharfe, President of Luxembourg Stock Exchange, he pointed to Iran’s economic capabilities and history of the capital market in the […]

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 […]