German Firm to Invest €1b in Iran’s Copper Industry

By John Lee. Germany copper company Mansfelder Kupfer und Messing GmbH has signed a memorandum of understanding to invest €1-billion in a number of project in Iran. IRNA reports that under the deal, signed with the National Iranian Copper Industries Company (NICICO), MKM would help Iran develop its downstream industries to obtain copper from copper […]

Will Sanctions Prompt Iran to Boost Missile Program?

By Abbas Qaidaari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Only one day after the Jan. 16 announcement of the implementation of the Joint Comprehensive Plan of Action, the US Treasury unveiled new missile-related sanctions on Iran. The reason? Iran’s testing of its medium-range […]

Russia to Assemble Trucks in Iran

By John Lee. KAMAZ, Russia’s biggest truck maker, intends to re-enter the Iranian market this year, and want to start assembly in the country by 2017. The thirteen-time winner of Dakar Rally for trucks left the Iranian market in 2010. The head of KAMAZ sales division, Rafail Gafeev, said: “We are entering the Iranian market […]

Gazprom Considers Iran Projects

By John Lee. Russia’s Gazprom may consider a number of export-oriented projects in Iran. Deputy Chairman Alexander Medvedev (pictured) told RIA Novosti: “With regard to Iran’s export opportunities, they, of course, exist both in pipeline gas and liquefied natural gas. However, what the purpose of this gas will be, it is still an open question. […]

India may Build Iron Ore Plants in Iran

By John Lee. India’s state-run company KIOCL is considering building an iron ore pellet complex in Iran at a cost of about $59 million. According to the report from Reuters, the company is also in talks to sell more than 2 million tonnes of the steelmaking raw material to Iran. The deal could offer cheaper […]

British Airways Resumes Tehran Flights

British Airways has announced that it is resuming flights between London and Tehran. The route will launch as a six-per-week service before moving to daily flights from winter 2016. The service from Heathrow Terminal 5 will be operated by a four-class Boeing 777. Neil Cottrell, British Airways’ head of network planning, said: “Iran is a […]

How one Messaging App is Changing Iranian Media

By Saeid Jafari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. “A grandson of the late founder of the Islamic Republic of Iran has been disqualified from running for the Assembly of Experts”; “The Joint Comprehensive Plan of Action has reached a deadlock”; “The bodybuilding […]

Iran Mining Attracts $10bn

The Deputy Mine, Industry and Trade Minister, Mehdi Karbasian (pictured), has said that Iran’s mining sector has now more than $10 billion of investment pledges by Europeans and Chinese firms. Italy’s Danieli signed a joint venture agreement and agreed orders worth in total about 5.7 billion euros last week. Italian and Chinese companies are also […]

Linde, Mitsui plan $4bn investment in Iran

By John Lee. German industrial gases company Linde and Japan’s Mitsui Chemicals are planning to invest $4 billion into petrochemical projects in Iran. Linde is considering investment in several Iranian projects, including Damavand Petrochemicals, in cooperation with Japan’s Mitsui, Marzieh Shah-Daei projects director at the A spokesperson for the National Petrochemical Company (NPC) told Press […]

Protecting your Investments in Iran

By Ali Darzi, founder and principal of Iran Foreign Investment Consultants (www.iranfic.com). At a glance, the approach of the media to foreign investment in Iran is that although Iran is a very attractive place for investment, there are some risks associated with businesses in the country. Investment in any country, especially in an emerging market […]