Iran Khodro Exports Break Records

By John Lee. Iranian vehicle maker Iran Khodro (IKCO) has exported over 6,000 vehicles to the international markets in the first half of the current Persian calendar year surpassing the car manufacturer’s export record throughout last year. IKCO ‘s Deputy for Export and International Department, Saeed Tafazzoli said IKCO’s main foreign site is located in […]

UK FM Hopes to Lead Trade Delegation to Iran

Britain’s Finance Minister George Osborne will lead a trade delegation to Iran next year if the Islamic Republic honours a nuclear deal with world powers, the Financial Times reported. “Assuming that Iran honors the nuclear deal, and it’s properly verified, I think there will be growing potential to do business with Iran,” the FT quoted […]

Iran, Iraq Foreign Ministers Meet

On the sideline of the UN General Assembly meetings, Iraqi foreign affairs minister Dr. Al-Jaafari met his Iranian counterpart, Mr. Mohammed Javad Zarif. During the meeting, they discussed the bilateral relations and horizons to promote them in the interest of the two neighbouring countries; in addition to, discussing the political and security situations in the […]

Rouhani on Sustainable Development Goals

At the United Nations Sustainable Development Summit on 25 September, more than 150 world leaders adopted the new 2030 Agenda for Sustainable Development, including the Sustainable Development Goals (SDGs). The United Nations Development Programme (UNDP) will support governments around the world in tackling the new agenda and taking it forward over the next 15 years. […]

Iran to Spend $21bn on Russian Equipment

Iran has reportedly signed contracts worth $21 billion to buy satellite equipment and aircraft from Russia. According to a report from Reuters, Manouchehr Manteghi, the managing director of Iran Aviation Industries Organization, said in an interview with Russian agency Sputnik that the contracts had been signed at the MAKS-2015 air show in Russia last month. […]

Iran-Iraq Joint Summit on Border Patrols

By John Lee. According to a report from Mehr News Agency, the fifth joint summit on border patrolling of Iran’s west provinces and Iraqi border cities has begun in Mehran, Iran, with the presence of the Commander of the Iranian Border Guard Units General, Ghasem Rezaei [Qasem Rezaee] (pictured). The summit will review the security […]

Video: Anti-Daesh Coordination with Iraq

From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Prime Minister Haider al-Abadi’s spokesman says Baghdad will step up coordination with Russia, Iran and Syria in the field of military intelligence to share and analyze information. Sa’ad al-Hadithi says the coordination committee […]

Austrian, Iranian Collaboration

By John Lee. The owner and manager of the Austrian Bertsch Group has said that family-owned Austrian companies have always received warm welcome from their Iranian counterparts because they trust each other. Hubert Bertsch told Shana that the company, which is involved in power plants, waste-heat recovery systems, oil and gas has a long history […]

Linde Group Eyes Return to Iran

By John Lee. The Chief Executive Officer of Germany’s Linde Group has said Iran’s petrochemical industry is in an ‘acceptable’ state, but needs to be upgraded in some areas. In an interview with Shana, Wolfgang Buchele (pictured) told Shana during a Tehran visit in July. “We learned today there is an intention of the Ministry […]

RIPI Launches Semi-Industrial Coker

The Research Institute of Petroleum Industry (RIPI) has launched Iran’s first petroleum coker unit which can process 400 kilograms of pet coke in every production cycle. Attending a ceremony to launch the unit on Tuesday, RIPI Chief Hamid Reza Katouzian hailed the construction of the unit by Iranian industrialists as a technological success for the […]