IAEA ends Iran Weapons Probe

IAEA Board Adopts Landmark Resolution on Iran PMD Case The International Atomic Energy Agency (IAEA) Board of Governors today considered the Director General’s Final Assessment on Past and Present Outstanding Issues Regarding Iran’s Nuclear Programme and adopted a resolution. In his opening statement, Mr Amano summarized the main findings of his report: “The Agency assesses that […]

Iran ‘in Talks’ for $4.5bn Undersea Gas Pipeline to India

By John Lee. The Managing Director of the National Iranian Gas Export Company (NIGEC) has said that Iran is discussing a plan to lay a $4.5-billion subsea pipeline to export natural gas to India. But Alireza Kameli (pictured) also told The Economic Times that a proposal for another pipeline between the two countries via Pakistan […]

Iran seals Banking Deal with France

Iran says it has reached a basic agreement with France to re-establish mutual banking ties as soon as the sanctions against Tehran are removed. Iran’s Deputy Minister of Industry, Mine and Trade, Valiollah Afkhami-Rad, said the sanctions are the only obstacle on the way of the implementation of the agreement with France, and emphasized that […]

MoU With Netherlands on Ornamental Plants

A memorandum of understanding on cooperation in research projects on flowers and ornamental plants has been signed between the Netherlands’ Wageningen University and Research Center and Iran’s National Institute of Ornamental Plants. The agreement seeks to use Dutch expertise and technologies to boost Iran’s production and export of ornamental plants. IRNA reports that Iran’s National […]

EU, Iran Relationship Warms Up

By Aniseh Bassiri Tabrizi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Since the July 14 signing of the Joint Comprehensive Plan of Action (JCPOA), European institutions have been actively seeking ways to boost the union’s ties with Tehran. In 2003, when international concerns over […]

More Veils Lift as Topic Loses Political Punch

By Mahmoud Pargoo, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Discussion of the Islamic veil took up a tiny part of books on Islamic law, or Sharia, before the beginning of the last century. Covering one’s head was mainly considered a precondition for women […]

Iran Eyes 12% Increase in Petchem Output

Iran will see its petrochemical output increase by nearly 12 percent during the calendar year to March 20 2017, bringing its output to nearly 53 mt/y, a senior petrochemical official said. Production control manager of National Petrochemical Company (NPC), Ali Mohammad Bossagh Zadeh, said Iranian petrochemical plants will process 47 million tons of petrochemicals by […]

Iran to Open Tourism Office in Russia

An official with the Cultural Heritage, Handicrafts and Tourism Organization said that Iran plans to open a tourism representative office in Russia in the near future. The Director General of Marketing and Publicity Department of the organization, Mohammad Kazem Kholdi, told IRNA that Iran is keen to host Russian tourists. Only 8,500 Russians visited in […]

Video: Rouhani Reacts to Trump Anti-Muslim Comments

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. A global firestorm erupted this week over Donald Trump’s call to bar Muslims from entering the United States, with Iran’s President Hassan Rouhani branding them “some of the most bizarre comments in history“:

Rouhani Prioritises Iraq Transport Connections

President Rouhani has ordered the Minister of Road and Urban Development and the Head of the Organization of Management and Planning to push the implementation of the joint Iran-Iraq project for the construction of the Khorramshahr-Basra railroad and the completion of Darreshahr-Abdanan road to facilitate the movement of pilgrims between the two countries. At the […]

Export Development Bank of Iran Joins ADFIAP

The Export Development Bank of Iran, as a bank specialized in financing and facilitating the exports, has become a member of Association of Development Financing Institutions in Asia and the Pacific (ADFIAP). ADFIAP is the goal of the development banks and other financial institutions active in the field of financing development in Asia and the […]

Italian Firm to set up Private Iranian Bank

The Managing Director of Chabahar Free Trade and Industrial Zone, Hamed Ali Mobaraki, has said that Italian company Italconsult is willing to invest in setting up a private bank at Chabahar Free Trade Zone. He is also quoted as saying that Italian investors have said they are ready to contribute to such infrastructural projects as […]

Iran, Lebanon to sign Preferential Trade Agreement

The Iranian Minister of Economic Affairs and Finance, Ali Tayebnia, has said Tehran and Beirut will facilitate increased trade by signing a preferential trade agreement. IRNA reports that in a meeting with Lebanon’s visiting Finance and Treasure Minister, Ali Hassan Khalil, he said a working group was formed by Iran to study the details of […]

Iran, China sign Carpet Deal

The Iran National Carpet Center (INCC) and the China Tibetan Carpet Association (CTCA) signed a memorandum of understanding to promote cooperation in the carpet industry. According to Tasnim News Agency, the deal was signed following a meeting attended by the heads of INCC and Carpet Museum of Iran and a number of CTCA members in […]

How to get Iran’s Economy back on Track

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. Some observers in Iran believe that the national economy needs a coordinator rather than a command center to put everything in order. In other words, a group that has good relations with major market […]

Iran, Finland to Expand ICT Cooperation

Iran and Finland on Tuesday discussed ways of expanding bilateral ties in the field of information and communications technology, said the minister of communications and information technology. ‘ICT cooperation between Iran and Finland will increase in the areas of software as well as research and development,’ Mahmoud Vaezi (pictured) said after a meeting with the […]

Sweden to Invest in Energy, Transport, Communications

By John Lee. At a meeting with Mikael Damberg, Sweden’s Minister for Enterprise and Innovation, Mohammad Khazaei Deputy Minister of Economy and President of the Organization for Investment, Economic and Technical Assistance of Iran, proposed cooperation in the sectors of energy, transport and communications. Khazaei explained the macroeconomic performance of the country and said that […]

Did Erdogan threaten Iran?

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. Iranian officials, from the Hassan Rouhani administration to the supreme leader’s advisers, have been attempting to contain the escalating crisis between Russia and Turkey. As those efforts seem to be unsuccessful, there are reports […]

Technip Eyes Strong Presence in Iran Oil Projects

By John Lee.T The French company Technip has said it is hopeful of having a strong partnership in Iran’s new oil development projects. “Technip had successful projects in Iran. We hope to continue our activities after [the improvement] of international conditions,” the firm’s regional director, Shahram Motevaselian told Shana. (Source: Shana)

Iranian, German Universities Cooperate on Energy Tech

By John Lee. A scientific delegation from the German state of Baden-Württemberg has agreed to cooperate with Iran’s Petroleum University of Technology (PUT) on joint research projects relating to energy technologies. The group visited PUT this week to discuss avenues for joint research. (Source: Shana)