Tag Archives | DJ

CyanConnode developing New Opportunities in Iran

By John Lee. CyanConnode, a provider of narrowband radio mesh networks, has said it is developing new opportunities in Iran. In its trading update for the first calendar quarter of 2018, the company says: “During the quarter, work on the smart metering contracts in Iran continued. System integration work has taken place on both the […]

Shiraz Refinery plans Euro-5 Gasoil Production

Iran’s Shiraz Refinery has signed a deal with UK’s Honeywell UOP for buying the license and basic design of a unit to produce Euro-5 gasoil, the refinery’s CEO said. UOP is a leading international supplier and technology licensor for the petroleum refining, gas processing, petrochemical production and major manufacturing industries. Rehim Shamsedini, the CEO of […]

UK-based Mining Firm in Iran Deal

UK-based Alexander Mining has announced that it has executed a commercial and technical partnership agreement with Turkish specialist mineral processing consulting company Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım AS (“Proses”). The Agreement covers the potential application and use of Alexander’s proprietary processing technologies and know-how (“MetaLeach Technology”) in the Middle East, including Turkey and Iran […]

IDRO-Oil signs MoU with Zarubezhneft

Gostaresh Iranian Oil And Gas Industries Development Company (IDRO-Oil) has signed a memorandum of understanding (MoU) with Russia’s Zarubezhneft for carrying out studies on Iran’s Susangerd oilfield. Following the signing of the document, IDRO-Oil managing director said his company has signed an memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) for carrying […]

Oman Budget Airline to serve Shiraz

By John Lee. Oman’s SalamAir is to launch its first service to Iran from 28th February. The budget airline will operate two weekly flights to Shiraz, which it says is seeing increasing popularity as a medical and tourism destination. It also expects to launch services to Tehran and Mashhad in the future. (Source: Muscat Daily)

Austrian Bank to Finance Iranian Nuclear Hospital

By John Lee. Austria’s Oberbank will reportedly provide $248 million to finance the construction of Iran’s first nuclear hospital. According to a report from Healthcare Global, the new facility will house up to a thousand beds and will be one of the largest of its kind in the Middle East, providing world-class radiotherapy services. Once […]

ATA Airlines to start Islamabad-Mashhad Flights

By John Lee. Iran’s ATA Airlines is set to launch a weekly flight between Mashhad and Islamabad. Daily Pakistan reports that the inaugural flight will arrive at Islamabad Benazir Bhutto International Airport on Saturday 10th February 10:00 pm, departing on Sunday at 1:00 am. Kish Air is operating direct flights between Islamabad and Tehran; Iran […]

Will Brexit jump-start Iran-UK trade?

By Maysam Bizaer for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Many foreign companies returned to Iran’s largely untapped market after the signing of the Joint Comprehensive Plan of Action (JCPOA) in July 2015. The landmark deal took effect six months later, and lifted international sanctions in […]

Surge in Downloads of Canadian VPN Tools

By John Lee. The Globe and Mail reports that recent protests in Iran are giving a boost to two Canadian companies offering virtual private networks (VPNs) and other software that can circumvent government censorship and surveillance. Ryan Dochuk, head of Toronto’s TunnelBear, said that the company’s software is being downloaded “en masse” in Iran. Another […]

Iran Growth fuels Sinclair Pharma Growth

By John Lee. International aesthetics company Sinclair Pharma has said it has seen strong growth in Iran. In an unaudited trading update, the UK-based company said: “Ellansé delivered revenues of £9.6 million compared to £8.1 million in the prior year representing growth of 18% (10% at constant currency). This reflected strong growth in many markets, especially  […]

MRC expands Iran Operations

Australian-based Mineral Commodities Ltd (ASX:MRC) through its wholly owned Iranian subsidiary Madan Rahjo Kanyab Company has announced that it has entered into agreements to acquire existing operations and to joint venture with in-country partners to explore and develop copper, gold, cobalt, nickel, zinc and potash-lithium projects in Iran. The Company has been actively establishing its […]

Austrian Company signs Study Deal with IDRO

The Industrial Development & Renovation Organization of Iran (IDRO Group) has signed a deal with Austria’s HOT Engineering for carrying out studies on Susangerd Oilfield in Iran. The group had previously signed a cooperation deal with the National Iranian Oil Company (NIOC) for developing the field. The document entails putting together a master development plan […]

UK Firm in Iran Healthcare Deal

Oncimmune Holdings plc, a leading early cancer detection company developing and commercialising its proprietary EarlyCDT® platform technology, has announced that it has signed an exclusive agreement for distribution of its EarlyCDT®-Lung test in Iran with Tarvand Sina Tajhiz Co., an Iranian provider of test services and kits to the medical community. The agreement allows for the sale of […]

Dentons advises Quercus on €500m Solar Energy Deal

Dentons Europe LLP has advised Quercus, one of the world’s largest renewable energy investors, on a deal worth more than €500 million with Iran’s Ministry of Energy for the development, construction and operation of a 600 MW solar energy photovoltaic (PV) plant in Iran. This is Quercus’ first investment outside of Europe and represents the […]

Iranians rail against Apple, Google over pulling of Apps

By Holly Dagres, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Imagine trying to hail an Uber on a street corner only for the Uber app on your iPhone to suddenly stop working. That’s what happened to some Iranians when Apple pulled Snapp, a popular […]

Iran Signs €500m Deal with Danske Bank

By John Lee. Danske Bank has signed a €500-million finance deal with a group of Iranian banks. Under the agreement, the Danish bank will allocate resources to finance construction and production projects of the private and public sector in Iran. The Iranian banks involved include: Bank Mellat, Bank Pasargad, Bank Sepah, Parsian Bank, Saman Bank, […]

French Law Firm sets up Tehran Office

By John Lee. French law firm Gide Loyrette Nouel has announced the inauguration of its new office in Tehran. In a statement, the company said: “In line with its pioneering spirit, Gide becomes the first international law firm to obtain a licence in order to open a branch office and practise in Iran under its […]

Norwegian Firm in Talks to Build Solar Power Plants in Iran

The CEO of Norway’s Scatec Solar said the company is in negotiations to build its first solar power plants in Iran. “I wouldn’t like to say by when we (Tehran and Oslo) expect a signed deal but we are actively working on it,” Raymond Carlsen told Reuters on Friday. He added that the initial project […]

Due Diligence in Iran “Can Trigger Sanctions Violations”

The recent settlement agreed between the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and IPSA International Services of Phoenix, Arizona, highlights the risk that companies face when engaging third-party consultants to perform due diligence on counterparties in Iran. So says a paper from Washington-based legal and lobbying firm Akin Gump Strauss Hauer […]

Korean Firm signs Deal with Iranian Pharma

Korea’s Dong-A ST has reeportedly reached a technology transfer agreement with Iranian pharmaceutical firm Rooyan Darou. Under the agreement, Dong-A ST will immediately share its production technology of two therapies — growth hormone injection Growtropin and leukopenia therapy Leucostim — with the Tehran-based company. Rooyan Darou will also be granted a license to make and […]