Boeing ‘Can Still Win Orders’ in Iran

By John Lee. Iran Air is reportedly open to buying aircraft from Boeing, even after placing a $27-billion order for 118 planes from Airbus. Company CEO Farhad Parvaresh told Bloomberg Business: “[Boeing is] lagging behind a bit … “We always thought the 737 for the domestic market is a good option, but they have a rival […]

Human Rights “a Litmus Test for EU-Iran Relations”

After the nuclear deal with Iran there is room to develop EU-Iran relations, but not at the expense of human rights, said Foreign Affairs Committee MEPs in Tuesday’s debate with Iran’s Foreign Affairs Minister Mohammad Javad Zarif. Ways to end violence in Syria and Yemen, and Iran’s relations with Saudi Arabia were also among the […]

Iranians Gear Up for Parliamentary Elections

By Rohollah Faghihi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Over the past year, Iranian conservatives have strenuously sought to reach consensus on how to win the parliamentary elections scheduled for Feb. 26. Prior to that, moderate and hard-line factions had fought each other […]

How Tehran Plans to Crack Down on Property Speculators

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. Iranian authorities have announced initiatives to tax unfinished residential buildings in Tehran and vacant homes in major cities. The move appears aimed at helping to stimulate demand in the housing market, which has been […]

Two Iranian Banks Reconnect to SWIFT

The Ministry of Foreign Affairs says that Bank Melli Iran was officially reconnected to the SWIFT bank transfer system on Monday. Meanwhile, Bank Sepah announced on Tuesday that it too has been reconnected to SWIFT. Bank Sepah Governor, Mohammad-Kazem Chogazardi, is quoted by PressTV as saying: “After the reconnection of the bank to the global […]

Iran in talks with Air Liquide to Build Petrochemical Plant

Iran is in talks with France’s Air Liquide to develop a 0.5mt Propylene via Methanol (PVM) plant. Esmaeil Qambari (pictured), managing director of the Petrochemical Research and Technology Company, told reporters on Monday that the company is in talks with companies from Germany, France, Norway and Japan to purchase petrochemical technologies from them. “In the […]

Iran ‘Self-Sufficient’ in Wheat

By John Lee. Iran expects to be self-sufficient in wheat in the coming Iranian year, and has banned state imports of wheat. Deputy Agriculture Minister Abdol-Mahdi Bakhshandeh told Mizan Online news agency: “Strategic wheat stocks are in very good conditions and we have reserves for more than six months … “What is needed for human […]

UNDP Advertises for Intern in Tehran

The United Nations Development Programme (UNDP) has advertised for the position of Humanitarian Intern (Ref: UNOCHA001/2016) at UNOCHA in Tehran: Interested candidates should send their completed & signed P11 form with a covering letter – as a scanned attachment – to [email protected] within the fixed application deadline. The vacancy notice number should be referred in the application/ covering letter. Application deadline: […]

Five Reasons why Iran-Saudi Conflict Won’t Escalate

By Dr. Ali Omidi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Relations between Iran and Saudi Arabia have been tense ever since the establishment of the Islamic Republic back in 1979. Initially, Iran’s doctrine of exporting its revolution and its leaders’ negative view of countries […]

Italy in 1bn EUR Iran Petrochemical Deal

By John Lee. Italian engineering company Maire Tecnimont has signed a 1-billion-euro agreement to build refineries and petrochemical plants in Iran. Mehr News Agency reported on Monday that the agreement signed with the Persian Gulf Petrochemical Industries Co. (PGPIC) includes providing finance, parts and equipment, as well as solutions to processing issues. The company will […]

First ‘Silk Road’ Train Arrives in Tehran

By John Lee. The first cargo train that left China almost a fortnight ago arrived in Tehran on Monday morning. The train entered the country through the northeastern Sarakhs border point on Sunday carrying 32 containers, having passed through Kazakhstan and Turkmenistan. It left the Chinese trading hub of Yiwu, in the northwestern province of […]

Demystifying Iran’s Election Process

On 26th February, Iranians will begin the process of electing their tenth parliament. The electoral process remains a mystery to many, but the Brookings Institution has prepared these useful guides to Iranian electoral system: Demystifying Iran’s parliamentary election process Everything you need to know about Iran’s Assembly of Experts election (Source: Brookings Institution) (Picture credit: […]

New Petroleum Contracts Producing more than Oil

By Reza Yeganehshakib, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. After Iran and the six world powers signed the nuclear deal last summer, the Iranian Cabinet on Sept. 30 approved the general terms for new upstream oil and gas contracts, known as the Iran […]

Lingering Sanctions ‘Negatively Impact Risk Appetite’

By John Lee. A report from law firm Clyde & Co suggests that the insurance industry is still feeling cautious about doing business in Iran because of lingering US sanctions. It said that 85 percent cent of respondents at London-based insurance companies said US sanctions “negatively impact their risk appetite for Iran-related business”. Chris Hill […]

Zarif: Iran, EU to start ‘All-Out Cooperation’

Foreign Minister Mohammad Javad Zarif said Monday that Iran and the European Union (EU) are set to start all-out cooperation and he will discuss Syria and Yemen in his talks in Brussels. Zarif is to hold talks with the officials of the European Union (EU) on various issues including the July nuclear deal known as […]

Will French Carmakers rev up Iran’s Auto Industry?

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. In his first trip abroad following the Jan. 16 implementation day of the Joint Comprehensive Plan of Action, Iran’s President Hassan Rouhani toured Italy and France, where he signed major deals with Airbus SAS […]

Japan Refiners and Banks Resume Iran Trade

By John Lee. Japanese oil refiners have started making oil payments to Iran through the Asian country’s largest lender, the Bank of Tokyo-Mitsubishi UFJ (BTMU). Tokyo lifted sanctions against Iran last month; BTMU can now process Iranian oil payments for Japanese refiners both in the yen and euros, according to Platts. The bank handled most […]

Russia to Supply 5,000 Freight Cars to Iran

By John Lee. Russia’s Uralvagonzavod will supply Iran with 5,000 rail freight cars, with deliveries expected to begin before the end of this year. According to Kommersant, Russia’s state development bank Vnesheconombank (VEB) will provide a loan of $140 million to the company to cover costs. The cars will be developed for use by Iranian […]

Rouhani calls for More Iranian Women to ‘Lean in’ to Politics

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s President Hassan Rouhani encouraged greater female participation in politics and culture at a conference Feb. 8 titled “Women, Moderation and Development.” Rouhani said that women’s rights in Iran have come a long way […]