Video: Shopping Malls Sprout in Iran

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The traditional bazaar has long been the place to shop in Iran but despite years of sanctions a new generation has discovered a vastly different consumer experience: blatant, unapologetic Western-style consumerism.

Beyond Glass Ceiling, Iranian Women Face Iron Fence

By Farahmand Alipour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Beyond glass ceiling, Iranian women face iron fence Iranian authorities have moved to introduce gender quotas that shut out women in its exams for those seeking government and public sector jobs. Coupled with reports […]

Video: What is the Future of US-Iran Relations?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. After decades of being demonised by the US, Iran may be emerging from international isolation thanks to the nuclear deal. Is the thaw a sign of a new rapprochement between two foes? Or […]

Iran, Iraq to Boost Trade

By John Lee. Iranian Economy Minister Ali Tayyebnia said that trade between Iran and Iraq is currently estimated at $12 billion when transit and tourism are taken into account, and that Tehran and Baghdad expect to increase the figure to $20 billion in the near future. The statement followed a meeting with Iraqi Finance Minister […]

Russia, Iran to Sign S-300 Contract Soon

By John Lee. Russia and Iran will sign an agreement for the delivery of advanced Russian-built S-300 anti-aircraft missile systems “soon,” Russian Deputy Foreign Minister Sergei Ryabkov reportedly said on Wednesday at the Russian Arms Expo 2015. He added that all political questions involved in the Iran S-300 deal have been solved, a possible reference […]

4 More US Senators Back Iran Deal

By John Lee. Four US Democratic senators announced on Tuesday that they would back President Obama’s nuclear deal with Iran. This would give Obama enough votes to ensure that he would not be forced to veto a Republican resolution disapproving the accord. The four senators are Richard Blumenthal of Connecticut, Maria Cantwell of Washington, Gary […]

Iran Needs up to 400 New Planes

By John Lee. Iran’s Transport Minister, Abbas Akhoundi (pictured), has estimated that the country could need 400 new planes. According to the report from CNN, Airbus and Boeing are in negotiations to rebuild the Iranian air fleet. Mohammad Khodakarami, director of Iran’s Civil Aviation Organization, said: “We have an active fleet of only 150 and […]

German Firm to Fund Iranian Wind Farm

By John Lee. A German-Iranian company has reportedly signed an agreement to build a 48-megawatt wind farm in southwestern Iran. Development Environment Arvand Company will fund the 40-million-euros ($46-million) project in the Arvand Free Trade Zone in Iran’s Khuzestan province. Project Manager Frank Riesbeck told Bloomberg that turbine shipments are due to begin in January, […]

Obama Secures Iran Nuclear Deal

By John Lee. US Democratic Senator Barbara Mikulski of Maryland has announced her support for the Iran nuclear deal, giving President Barack Obama the 34 Senate votes he needs to prevent Republicans from defeating the agreement. The number allows the President to veto a Republican resolution to disapprove of the deal, known as the Joint […]

NIOC Opens Office in Iraq

By John Lee. Iran’s Deputy Oil Minister has announced that an office of the National Iranian Oil Company (NIOC) has been officially opened in Iraq. According to a report from Mehr News Agency, Roknoddin Javadi (pictured), who is also the Managing Director of the NIOC, stressed the need to be present in neighbouring countries, adding […]