Tag Archives | DJ

MTN Irancell Invests in IIG

The Iran Internet Group (IIG), the leading internet group in Iran with several million unique and paid transactions every month, just announced the closing of a funding round led by MTN Irancell. The group, whose ventures include the by far market-leading car hailing platform Snapp, has secured the funding in a move that will further […]

Diamond Grading company enters Iran

By John Lee. HRD Antwerp, the Belgian diamond-grading group, has announced a first Certified Diamond Grader course in Tehran. The course will be run at the end of April 2017 in collaboration with local consultant Alireza Feizollahi. HRD Antwerp’s primary shareholder is the Antwerp World Diamond Centre (AWDC). (Sources: Diamonds.net, HRD)

Finland’s Outotec wins EUR 50m Iran Contract

Finnish-based minerals and metals processing technology firm Outotec has agreed with National Iranian Copper Industries Company (NICICO) on the delivery of two sulfuric acid plants for the Sarcheshmeh and Khatoon Abad copper smelters in Iran’s Kerman province. The value of the orders, approximately EUR 50 million, has been covered by a confirmed Letter of Credit […]

New JV to License Iranian Geological data

Norwegian oil service company Global Geo Services AS (GGS), and data management and solutions company Interica Limited UK, have formed the joint venture — GGS-Interica Ltd. UK — to license and manage an Iranian geological database. The principle dataset to be managed, licensed and made available to the industry is the Persian Carpet 2000 dataset […]

Maersk Expands Operations in Iran

By John Lee. Denmark’s Maersk Line is to operate from a second port in Iran, less than three months after it resumed services to the country following the lifting of sanctions. The company pulled out of Iran in 2012, but having resumed services at Bandar Abbas in October, it has just added the port of Bushehr […]

Renault Extends Deal with Arya Diesel Motors

Renault Trucks is furthering its corporation with the Iranian importer Arya Diesel Motors. The parties signed two agreements in Lyon: an import agreement covering vehicules from the T, C and K ranges and an industrial cooperation agreement for the assembly of T range vehicles. On 21 December 2016 in Lyon, Bruno Blin, President of Renault […]

Aseman Airlines to Lease Airbus Jets

By John Lee. Reuters reports that Iran Aseman Airlines has agreed to lease seven Airbus jets. The leasing company has not been identified. Last week the European Union banned the airline from operating within the EU because of safety concerns, although the airline does not fly to the EU. Owned by Iran’s civil service pension […]

Italian, Swedish Companies to Resume Activity in Iran

Senior directors of Italian and Swedish companies involved in manufacture of oil and gas pipelines consider Iranian market positive for resumption of activity. Alessandro D’angelo, Middle East & North Africa Regional Sales Manager of Italian Tenaris Company told Shana on the sidelines of the seminar of the manufacturers of oil and gas industry pipelines in […]

BXB Expands Presence in Iran

By John Lee. Taiwanese audio-visual company BXB added long standing partner PTO Light and Sound System to its distribution network. Iran-based PTO will have the exclusive rights to distribute BXB products in Armenia, Azerbaijan, Iran, the Kurdistan region of Iraq and Turkmenistan. (Source: InAVate)

Cipla Forms JV to Manufacture Drugs in Iran

By John Lee. Indian pharmaceutical company Cipla Holding has entered into a joint venture agreement with Ahran Tejarat for manufacturing and marketing pharmaceutical products in Iran. Under the agreement, Cipla will initially acquire a 75 percent stake in Iranian firm Issat Co., which is currently owned by Ahran Tejarat, for a cash consideration of €1.35 […]