Archive | Transport

Iran, Turkey Restart Direct Train Services

Iran and Turkey have finalized an agreement to restart direct train services between Tehran and Ankara and also to run tourist trains, an official announced. Iran’s Deputy Minister of Road and Urban Development Saeed Rasooli said at a press conference on Sunday that Iranian and Turkish delegations have finalized plans, following reciprocal visits, to launch […]

Iran, Iraq ready to Dredge the Shatt al-Arab

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. After decades, Iran, Iraq ready to Dredge the Shatt al-Arab Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and […]

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Possible Iraq-Iran-Syria Rail Line

By John Lee. Iraq, Iran and Syria are reportedly planning to build a railway connecting the three countries. According to media reports, Salib al-Hussaini, the head of the Iraqi Railway Company, has announced a tripartite summit to discuss the project. (Source: Prensa Latina) (Picture credit: Christian Lindgren)

Iraq gives Iranians Visas Free of Charge

Iraq has begun issuing entry visa for Iranians free of charge in a reciprocal move under a deal. Iranians travelling to Iraq can now obtain visa free of charge. The Iraqi cabinet of ministers said the decision that took effect on April 1 has been made as a reciprocal move which had been agreed upon […]

Blockchain Startup could Transform Traffic in Iran

By Maziar Motamedi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. How this Blockchain Startup could help people Transform Traffic in Iran As the transportation industry continues to grow around the globe, traffic congestion remains as one of the most significant, largely unresolved issues of […]

ATR Applies for US Permission to Deliver Iran Planes

The CEO of Iran Air said ATR aircraft manufacturer has requested permission from the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury for the delivery of the turboprops Iran has purchased. Farzaneh Sharafbafi told Tasnim on Saturday that the delivery of the remaining ATR turboprops to Iran requires a permission […]

Iran-Iraq Ferry Service Resumes

By John Lee. The Iraqi Ministry of Transport has that the ferry between Al-Ashar Quay on the banks of the Shatt al-Arab in Basra and the Iranian port of Khorramshahr has resumed after a three-year suspension. Forty-six passengers travelled on the first service on Saturday. The Director of the General Company for Maritime Transport, Abdul […]

US Targets Thai Company Supporting Iranian Airline

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Thailand-based My Aviation Company Limited for acting for or on behalf of Mahan Air, an Iranian airline previously designated for supporting Iran’s terrorism activities.  The action today was taken pursuant to Executive Order (E.O.) 13224, which targets terrorists and those providing support […]

BA, Air France to Stop Flights to Iran

By John Lee. British Airways (BA) and Air France have both announced that they will stop flying to Iran in September, saying that the routes are “not commercially viable.” According to a BBC report, the reintroduction of US sanctions has caused a slump in the value of the Iranian rial, making it harder for Iranians […]

Iraq to Reduce Visa Charges for Iranian Pilgrims

By John Lee. Iraq will reportedly reduce its visa charges for Iranian pilgrims later this year. According to the report from Associated Press, the reduction will only apply to pilgrims of the “Arbaeen,” the anniversary of the passage of 40 days after the death of Shiite Imam Hussein, the Prophet Muhammad’s grandson. Visas normally cost […]

French Shipping Group to Pull Out of Iran

By John Lee. French-based shipping group CMA CGM has announced that it is ceasing its Iranian operations, following the threat from the US to blacklist companies doing business with Iran. CMA CGM Chief Executive Rodolphe Saade is quoted as telling a press conference: “Due to the Trump administration, we have decided to end our service […]

Austrian Airlines drops Isfahan and Shiraz Routes

By John Lee. Austrian Airlines has announced that it will stop flights to the Iranian cities of Isfahan and Shiraz. In a statement, the company said: “Isfahan and Shiraz in Iran will already no longer be represented in the Austrian Airlines flight offering as of the middle of September 2018. However the traditional flight to […]

KLM to Suspend Direct Flights to Tehran

By John Lee. KLM Royal Dutch Airlines has said that it has decided to suspend its direct flights to Tehran “for the time being as of 24 September … for commercial reasons“. In a statement, the company said: “As a result of the negative results and financial outlook for the Tehran operation, the last flight […]

US Sanctions Mahan Air Service Provider

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Mahan Travel and Tourism Sdn Bhd, a Malaysia-based General Sales Agent (GSA), for acting for or on behalf of Mahan Air, an Iranian airline previously designated in connection with Iran’s support for international terrorism. GSAs such as Mahan Travel and Tourism […]

Russia Begins Work to Electrify Railroad in Iran

Russian Railways has begun works on the electrification of a railway line in Iran, the head of Russian Railways company said. The project, worth $1.2 billion, will electrify a railroad connecting the city of Garmsar near Tehran with Incheboron near the border with Turkmenistan. The length of the Garmsar- Incheboron railway line is 495km. The […]

Iran, Switzerland Ink Cooperation Deals

Iranian and Swiss officials on Tuesday signed three documents on cooperation between the two countries in scientific, medical, and transportation fields. Officials from the two countries signed the three documents after a meeting of high-ranking delegations in Bern, co-chaired by Iranian President Hassan Rouhani and his Swiss counterpart Alain Berset. The two sides signed two […]

Iran Manufactures First Domestic Rail Tracks

Esfahan Steel Company (ESCO) has announced that the first domestically-constructed rail tracks have been handed over to Iran’s Railways, saying the rails are on par with the latest global standards. ESCO announced on Monday that the first domestically-constructed rail tracks have been handed over to Iran’s Railways, the Medi Telegraph reported on Tuesday. The rail […]

Iran Rail signs Contract with Swiss Firm

Iran’s state-owned railroad company signed a contract with Swiss company Matisa for the maintenance and supply of railroad machines. According to the contract, Matisa, the Swiss manufacturer of track maintenance equipment that was established in 1945, will carry out the overhaul of two ballast machines in Iran. Apart from making repairs on nine other ballast […]

Truckers display new face of Popular Protest in Iran

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On the first day of what quickly became Iran’s largest trucker strike in recent years, a driver told his audience on film, “Today, May 22, on the ring road of Kavar, we are making sure that […]

Pakistan to Launch Ferry Service to Iran

Pakistan is planning to launch ferry services from its Karachi port to Iran, the United Arab Emirates and Oman with an aim to enhance connectivity and provide more services to the people. According to the South Asian country’s Federal Minister for shipping Mir Hasil Khan Bizenjo, the draft Ferry Service Policy would be present at […]