Iran Ranks 108th in World Happiness Ranking

By John Lee. Iran has ranked 108th out of 155 countries in the latest World Happiness Report. The report, produced by the Sustainable Development Solutions Network (SDSN), contains analysis from leading experts in the fields of economics, neuroscience, national statistics, and describes how measurements of subjective well-being can be used effectively to assess national progress. […]

New Zealand Delays Plan to Export Lambs to Iran

By John Lee. New Zealand has reportedly postponed plans to export lamb to Iran. A spokesman for Silver Fern Farms, one of two exporters working with import companies in Iran, emphasized that the plan would be put into practice next season, which begins in December. NZ Primary Industries Minister Nathan Guy said he had just […]

Bank of England “Reluctant” to Facilitate Iran-UK Trade

By John Lee. Reuters quotes informed sources as saying that the Bank of England (BoE) had recently turned down a request by Tehran to set up special clearing accounts for its banks. Such accounts, for Iran’s own Central Bank or for the British subsidiaries of Iranian banks, would allow them to make and receive payments […]

Tender for Karun II Dam and Power Station

Iran Water and Power Resources Development Company (IWPCO) has invited tenders for the Karun II Dam and Power Plant project in Khuzestan province. The project is being offered through a Public-Private Partnership (PPP) on Build, Operate and Transfer (BOT) basis. The Karun I and Karun III dams are located downstream and upstream of Karun II, […]

Sinclair Pharma sees Strong Growth in Iran

By John Lee. International aesthetics company Sinclair Pharma has said it has seen strong growth in Iran, with another strong year expected in 2017. In its preliminary results announcement, the UK-based company said: “Revenues to Iran increased strongly in 2016 and with our partner in Iran now responsible for the full Sinclair portfolio, further growth is […]

Pakistan Trade with Iran to Start Next Month

By John Lee. Pakistan and Iran will resume banking channels from next month to facilitate official trade between the two countries, according to a report from The News. Zubair Tufail, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said he expects the first letter of credit (LC) for Iranian trade will […]

The coming Iran-US Confrontation in Iraq

By Zakiyeh Yazdanshenas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In June 2014, Mosul was seized by the Islamic State (IS), whose leader Abu Bakr al-Baghdadi soon afterward announced a caliphate from the city’s grand mosque. Now the caliphate is seemingly coming to an end. […]

IAEA Has 5 Times Confirmed Iran’s Compliance with JCPOA

European Union Foreign Policy Chief Federica Mogherini (pictured) said that the 2015 nuclear deal between Tehran and world powers cannot be “partially renegotiated”, noting that the IAEA has five times confirmed Iran’s compliance with its commitments under the agreement. “I fully share the need to fully implement, in all its parts, the JCPOA. Let me […]

Video: Iran Pre-nups land thousands of Men in Jail

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. When Sadegh married his college sweetheart, he never thought he’d end up as one of those Iranians facing ruin and even prison because of huge sums demanded by his wife’s family. But the “mehrieh” […]

Meeting on Closer Banking Ties with Latin America

Iran’s Foreign Ministry officials and representatives of the state-run and private banks held a meeting in Tehran to explore avenues for expansion of banking relations with Latin American nations following the implementation of the JCPOA. The gathering was attended by Iranian Foreign Ministry’s political directors in charge of Latin American affairs, representatives from Iranian banks, […]