Czech Investors due in Iran

A delegation of senior Czech businesspeople is scheduled to visit Tehran and Gilan in April for investment talks. In a meeting with the Governor of Gilan, General Mohammad Najafi, Czech Chargé d’Affaires to Iran, Peter Stephen, said the trade delegation will visit Gilan to take part in a rail industry exhibition. FNA reports that the […]

Why Boeing kept Iran Dealings Under the Radar

By Saam Borhani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Barely a week after the Jan. 16 lifting of nuclear-related sanctions on Iran, Tehran hosted its first international business summit in years. The event, sponsored by the Centre for Aviation (CAPA), brought together 400 executives […]

South Korea and Iran Strengthen Banking and Trade Relations

In a meeting between the governor of the Central Bank of Iran (CBI), Valiollah Seif, and South Korean Trade Minister Joo Hyung-hwan, both parties discussed the boosting of banking correspondence and establishment of credit lines in order to facilitate trade relations. According to CBI public relations department, Dr. Valiollah Seif appreciated the collaboration of South […]

Iran to Raise March Oil Exports

By John Lee. Iran is expected to increase its oil exports for March to around 1.65 million bpd, up from 1.5 million bpd in February. According to Reuters, the National Iranian Oil Company (NIOC) is expected to ship around 250,000-300,000 bpd to Europe this month after it finalised term deals with France’s Total (about 200,000 […]

Iran Issues “Annual Economic Review”

The Central Bank of Iran (CBI) has published the latest edition of The journal of Annual Economic Review for 2014/15, featuring topics on Global economic developments, Central Asia and Middle East economic developments, Gross Domestic Product and Expenditure, developments of real economy, Oil Market developments, Fiscal sector developments, Asset Market developments and other subjects. The […]

Meliá Hotels Announces New 5-Star Hotel in Iran

Meliá Hotels International has announced its entry into the Iranian market with the first five-star branded hotel to be managed by an international hotel company. The Gran Melia Ghoo Hotel, located in the largest mixed residential, commercial and hotel complex to be developed in Iran, currently being built in Salman Shahr, a popular holiday destination […]

Iran, Norway Research Centers to ink Cooperation MoU

Representatives from a Norwegian oil services company, Aker Solutions ASA, will sign a memorandum of understating with Iran’s Research Institute of Petroleum Industry (RIPI) to cooperate in petroleum research. Following a visit to RIPI, a Norwegian delegation of Aker Solutions’ executives discussed future cooperation with RIPI’s chief Hamid Reza Katouzian. During the meeting, the two […]

Why High Inflation may Return to Iran

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. Top Iranian banking executives agreed Feb. 13 to cut the deposit rate of one-year rial saving accounts by two percentage points — from 20% to 18% — for the second time this Iranian calendar […]

After Elections, is Rouhani’s Economy Minister now Safe?

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. With the majority of election results counted, officials from President Hassan Rouhani’s administration are looking forward to working with a parliament that — while it continues to include conservatives — has excluded many of […]

Siemens signs Energy Deal with Iran’s MAPNA

Germany’s Siemens said on Wednesday that it has signed a memorandum of understanding (MoU) with Iran’s MAPNA to help modernise Iran’s energy infrastructure. Siemens said that under the deal, MAPNA would acquire technological knowhow to manufacture Siemens gas turbines in Iran, and the parties would cooperate to deliver more than 20 gas turbines and generators […]