Archive | Investment

Oman, Iran to Establish Joint Investment Fund

By John Lee. An Iranian delegation led by the head of the Securities and Exchange Organization (SEO) visited Oman’s Capital Market Authority (CMA) and held several meetings with Omani senior officials of the capital market to establish a joint investment fund. This fund will be a joint venture and Feeder Fund which invests in the […]

Iran Energy Sector Needs $150bn Investment

Iran’s energy sector will require an investment of $150 billion over the next five years, according to Petroleum Ministry Director General of Strategic Planning, Saied Qavampur. Sputnik quotes him as saying: “In the meantime, the private sector and foreign investors are due to fund 100 billion dollars of the projects. The rest will be financed […]

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Iran Allocates $6bn for Petchem, Refinery Projects

The Director of Investment at Iran’s National Petrochemical Company (NPC) said the National Development Fund (NDF) has allocated 6 billion dollars for petrochemical and refinery projects. “Financing of projects from the fund will be expedited after SWIFT is back,” Amir Hassan Fallah told Shana. He said Japanese, South Korean, and European firms are interested in […]

Iran Welcomes South Korean Investment

By John Lee. While receiving the credential of the new South Korean Ambassador to Tehran, Mr. Kim Sung Ho, on Monday, President Hassan Rouhani said: “As there is no obstacle in the way of the expansion and the deepening of Iran and South Korean ties and cooperation, we must seize the opportunity  … South Korean […]

German, Iranian Banks to Cooperate

The Iranian Bank of Industry and Mines and the German KFW Development Bank have agreed to cooperate extensively after the removal of the sanctions, Ali Ashraf Afkhami, chairman of the board of directors and managing director of Bank of Industry and Mine told a conference of economic and financial opportunities in Frankfurt, Germany. So far, capable […]

Is it time for China to step up Engagement in Middle East?

By Mohammad Ali Shabani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Chinese economic might is not a prospect in the distant future, but a current reality. Last year, China’s economy — in terms of purchasing power parity — overtook that of the United States […]

Do Hard-Liners really want to Stop Foreign Investment?

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Ultraconservatives in Iran are stepping up their crackdown on civil liberties in a move to send a message to the West — and the United States in particular — that the July 14 nuclear […]

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 […]