Iran, Armenia promote Tax Cooperation

Head of the Iranian National Tax Administration and Ambassador of the Republic of Armenia discussed the most important tax issues, calling for promotion of economic and tax cooperation. During the meeting held in Tehran,  Sayyed Kamal Taghavinejad, Head of the Iranian National Tax Administration, pointed to the long-term political, economic and cultural relations between the […]

Lufthansa Eyes Catering, Maintenance, Training Deals with Iran Air

An official with Lufthansa said the German flagship airline is seeking to sign several contracts with Iran Air to provide the Iranian national flag-carrier airline with catering, maintenance and pilot training services. “We are in very, very intense discussions, actually almost on a weekly basis,” said Karsten Zang, Lufthansa’s regional director for the Persian Gulf, […]

Imports and Exports Increased, China is Main Partner

Iran’s non-crude-oil exports grew by 3.54 percent in the year ended 20th March 2017, reaching $43.930 billion. During the period, imports increased 5.16 percent to $43.684 billion. Main export items During the period under consideration, the main export items consisted of gas condensate with value of $7.320 billion, light oils and products except gasoline ($2.479 […]

Japanese Grant gives hope for Recovery in Lake Urmia

New Japanese grant gives hope for sustained recovery in Lake Urmia Water – albeit thinly spread – is now covering a significant amount of the lake’s formerly dried-out surface. Much more than it was two years – or even one year – ago.  And while the lake’s biosphere is still in critical condition, there have […]

How Iran’s Military Strategy against IS may Backfire

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. “Today Iran stands at the forefront of the battle and confrontation with the project of the Islamic caliphate, in a way that it funds more than 90 … armed militia groups in Islamic cities,” the […]

Iran, Russia to jointly build 2 Nuclear Power Plants

By John Lee. Xinhua reports that Iran will start construction of two nuclear power plants in cooperation with Russian experts, The Iranian Energy Minister, Hamid Chitchian (pictured), is quoted as saying: “The contract has been signed between the Atomic Energy Organization of Iran (AEOI) and Russia, and includes building two 1,000-megawatt nuclear power plants, the construction […]

Why Iran won’t ditch the Dollar soon

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Central Bank of Iran (CBI) has for some time been working on a plan to stop using the US dollar in its financial reports. In a program aired on Iranian state television Jan. 28, […]

President opens 600-bed Bu-Ali Sina Hospital in Shiraz

The 600-bed Bu-Ali Sina Hospital was opened in Shiraz on Thursday in President Rouhani’s presence during his visit to Fars province. President also visited different parts of the hospital and was briefed by the managers of the province about the construction and equipment process. The hospital that offers educational, research and medical services, has various […]

Video: Iran’s 2017 Election

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iranian President Hassan Rouhani registered to run for a second presidential term, vowing to continue his work towards “more freedom and peace” and improving the economy. Iranians have mixed feelings about his first […]

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]