Tag Archives | DJ

New Generation of Iranian Hostels attract Younger Tourists

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. Tourism has been among the main sectors of the Iranian economy that immediately witnessed steady growth after the lifting of international sanctions last year as part of the 2015 nuclear deal. With the rise in […]

French Firm Positive about Prospects in Iran

An official at the French industrial conglomerate Groupe NOX said Iran’s nuclear deal with world powers which took effect last year has improved the prospects for financial and trade ties between Iranian and French companies, particularly in the oil and gas sector. Bernard Fages, Groupe NOX regional country manager made the statement on the sidelines […]

Germany’s Lewa Back in Iran Oil, Gas Sectors

Lewa, a worldwide leading manufacturer of industrial equipment, is resuming its activities in Iran in the wake of removed oil and gas sanctions. Speaking to Shana, Joachim Bund, head of Lewa’s sales division, said his company has been serving goods for decades in Iran and installs pumps in projects in all offshore, upstream, petrochemical, downstream […]

Rotana to Open 1st Hotel in Iran ‘Soon’

The head of Rotana hotels group, based in Abu Dhabi, said it plans to open its first hotel in Iran in less than a year. “We have signed hotels in Tehran, Mashhad and Isfahan. We expect to open our first hotel in Mashhad, a shrine city, by the first quarter of next year,” Rotana’s President […]

UK Banks “Close Accounts” of Iranian Customers

By John Lee. UK-based Blackstone Solicitors is reportedly handling more than 60 complaints by Iranian nationals who have had their bank accounts closed, allegedly because of their nationality. Some banks refuse to explain why they closed the accounts, while others cite sanctions against Iran as the main reason. The head of the firms Iran desk […]

Russian Company to Survey Iranian Caspian

By John Lee. Russia’s Geology Without Limits (GWL), in conjunction with the Geological Survey of Iran (GSI) and Ministry of Mine, Industry and Trade (MMIT), plana to acquire 4 800 km of 2D seismic, gravity and magnetic data in the Iranian sector of the Caspian Sea. The survey will be completed in Q3-Q4 2017 and […]

Swedish Govt Authorizes Firm to Invest in Iran through Bitcoins

The government of Sweden is reported to have authorized a local business to create a mechanism based on a globally popular virtual currency to transfer funds to Iran. The move is already believed to have the potential to facilitate investing in the Islamic Republic where transferring money in and out became complicated as a result […]

German Forwarders in Iran Venture

German-based M&M Militzer & Münch GmbH and Andreas Schmid Logistik AG have established a joint venture for international cargo transport. Starting May 1st, the joint venture under the name MMAS Eurasia Logistics GmbH will offer regular services to Iran and the Maghreb region. Dr. Lothar Thoma, CEO M&M Militzer & Münch International Holding AG, said: […]

Portugese Telecom Firm Enters Iran

Potugal-based Altice Labs has announced that it will provide GPON technology to equip apartment buildings in Tehran. In the first phase, a supply of a set of active station equipment (OLT) is planned, namely: 15 OLT1T0, 3 OLT1T3 and 3000 ONTs (terminal equipment) that will allow the interconnection of IP video gateways, including the possibility […]

Swedish Firm Accepts Deposits in Bitcoin for Iran Biz

Swedish Firm Accepts Deposits in Bitcoin to Facilitate Business with Iran A Swedish company has come up with an innovative solution which both bypasses US sanctions and does away with the need for banks to process transactions with Iran, a report said. Brave New World Investments AB is reportedly accepting deposits in bitcoin which it […]