Destinia Opens New Office in Iran

By John Lee. The Spanish online travel agency Destinia has opened an office in Iran, and created a Persian language website allowing payments to be made in the local Iranian currency. “Our objective is to be one of the top three Arabic online travel agencies in the region by 2017,” said Amuda Goueli (pictured), CEO […]

Iran to Seek Bids on 15 Mining Deals

Iran is to seek bids for 15 mining projects for international investors to develop, according to Bloomberg. Mehdi Karbasian (pictured), the deputy minister of Industries, Mines and Trade, said in an interview in Tehran that President Hassan Rouhani plans to visit France and Italy in November to sign development agreements on some of the projects. […]

Japan Tobacco buys Iranian Cigarette Maker

Japan Tobacco International (JTI) has reportedly bought an Iranian cigarette maker in an attempt to reinforce its position as the market leader in a country prior to the expected relaxation of sanctions. The Financial Times reports that JTI Pars, its Iranian subsidiary, recently acquired the privately owned Arian Tobacco Industry (ATI) for an undisclosed amount. […]

Video: Iran Nuclear Deal Enters New Phase

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The nuclear agreement between Iran and world powers reached in July has come into effect. Tehran will begin what’s being called the biggest nuclear dismantlement in history. Its compliance with the deal will […]

Iran Preparing for ‘Tsunami’ of Tourists

Iran’s vice president Masoud Soltanifar has told The Associated Press that his country is preparing for a “tsunami” of foreign tourists as Iran begins implementing the deal that will lift sanctions in return for curbs on Iran’s nuclear program. Soltanifar, who is also Iran’s Cultural Heritage, Handicrafts and Tourism Organization chief, said President Hassan Rouhani’s […]

French Insurers Eager to Invest in Iran

Chairman of the Board of French insurance group NASCO met and talked with the President of Iran Central Insurance and announced the company’s readiness to cooperate with Iranian insurance companies. During the meeting, Mohamed Ibrahim Amin offered his solutions for attracting foreign investment in the Iranian insurance companies. Gabriel Bejjani, Chairman of the Board of […]

UN Concerned by Rising Number of Executions in Iran

Expressing his “deep sadness” at the recent execution by Iran of two juvenile offenders, United Nations Secretary-General Ban Ki-moon today noted with concern the alarming increase in executions in the country over the last decade. “Over 700 executions are reported to have taken place so far this year, including at least 40 public, marking the […]

Prague ready to Invest in Infrastructure Projects

The Charge d’Affaires of the Czech Republic to Iran, Peter Stephen, has said that Czech investors and companies are ready to undertake development and infrastructural projects in the Islamic Republic. Speaking to officials in Alborz Province, Stephen said the lifting of economic sanctions against Iran will bring more Czech companies to the country. The Czech […]

Japanese Firms want Increased Ties with Iran

The Japanese Foreign Minister Fumio Kishida (pictured) has said that there are an increasing number of Japanese companies which want to resume cooperation with Iran’s oil firms in the post-sanction era. “Today, we exchanged views on expansion of economic ties,” he told Shana following a meeting with Iranian Petroleum Minister Bijan Zangeneh during which they […]

NPC, Mitsubishi Discuss Petchem Ventures

Iran’s Deputy Petroleum Minister for Petrochemical Industry Abbas Shari-Moqaddam [Abbas Shari Moghadam], and the Senior Executive Vice President of Mitsubishi Corporation’s Chemical Group, Takahisa Miyauchi, exchanged views on the possibility of the Japanese firm’s participation in Iran’s projects. The CEO of the National Petrochemical Company (NPC) welcomed Mitsubishi’s interest in presence in Iran and said […]