Global Insurers “Circling Iran for Business Opportunities”

Reuters reports that global insurance firms are “circling Iran for business opportunities“, and the first test of their appetite could come in March when some Iranian companies seek new cover. Insurers, reinsurers, and brokers are exploring ways to tap a market worth $7.4 billion in premiums; Allianz, Zurich Insurance, Hannover Re and RSA, for example, […]

Comprehensive Strategic Partnership between Iran and China

Full text of Joint Statement on Comprehensive Strategic Partnership between Iran and China At the end of Chinese President Xi Jinping’s trip to Tehran, the Islamic Republic of Iran and People’s Republic of China announced that by achieving a major agreement in all areas of bilateral relations and regional and international issues, they have established […]

Video: West-wary Iran Deepens China Ties

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. President Xi Jinping is one of the first world leaders to visit Iran since the lifiting of international sanctions. China signed 17 agreements with Iran to boost trade to 600 bn dollars. Xi’s […]

Is Iran prepared for more Saudi Surprises?

By Hassan Ahmadian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. When two rivals constantly make contradictory strategic decisions, they are bound to eventually end up in a direct confrontation. Iran and Saudi Arabia are no exception. Since 2005, both countries have made conflicting strategic […]

Video: China President Visits Iran

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Chinese President Xi Jinping arrived Friday in Iran on the third leg of a Middle East tour aimed at boosting economic ties with the region:

Iran to Generate 7,600MW from Renewables

By John Lee. Iranian Minister of Power Hamid Chitchian (pictured) said his ministry plans to reach an output of 7,500 megawatts from renewable energy by 2030. The power will be generated by wind, water, solar, biomass, and geothermal plants. He added that the ministry has managed to reduce energy wastage by 4 percent during the […]

Big Potential for Pakistani Food Exports to Iran

By John Lee. The head of the All Pakistan Fruits and Vegetables, Exporters, Importers and Merchants Association (PFVA) has estimated an export potential of $80 million with Iran. Chairman Waheed Ahmed said: “Pakistan can ship 80,000 tonnes of kinno worth $50 million annually, followed by 15,000 tonnes mango of $10.3m, mango pulp of $30,000 and […]

Investment Firms Buying Iran Shares

By John Lee. UK’s Charlemagne Capital has bought around $50 million of 18 Tehran-listed stocks, joining another British investment company, Sturgeon Capital, that bought shares in Iran’s stock market in December. The company was reported last year to have teamed up with Turquoise Partners, a Tehran-based investment firm. Dominic Bokor-Ingram from Charlemagne Capital told Reuters: […]

Japan Lifts Nuclear Sanctions on Iran

By John Lee. Japan lifted its sanctions on Iran on Friday. Chief Cabinet Secretary Yoshihide Suga (pictured): “Japan would like to strengthen our cooperative relationship with Iran further and contribute to the peace and stability of the Middle East through our traditional friendly relationship with Iran.” Reuters reports that Japanese companies, including those in the […]