Tag Archives | Dubai

Bitzer Establishes Subsidiary in Iran

By John Lee. A specialist in refrigeration compressors has announced that it is expanding its presence in Iran. German company Bitzer said it as been “well represented in the Iranian market for decades“, with up to 500,000 running compressors now in use, but now it is establishing its own subsidiary that reports to Dubai. However, […]

Financing Arranged for Airbus Iran Deal

By John Lee. Iran has reportedly reached a deal with the United Arab Emirates’ Dubai Aerospace to finance the first 17 jets it plans to buy from Airbus. Reuters quotes a senior Iranian official as saying, “we have a deal to finance the first 17 aircraft.” Under the deal, the leasing company would take over […]

Did Rouhani Ban Film about Jailed Iranian-American Businessman?

By Rohollah Faghihi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Did Rouhani stop screening of hardline film about jailed Iranian-American? Ever since taking office, Iranian President Hassan Rouhani has come under increasing pressure from hard-liners who have been trying to tie his administration to the […]

Iran revs up for Auto Revolution

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 auto giant PSA Peugeot Citroen has become the first foreign company since the Jan. 16 implementation of the Joint Comprehensive Plan of Action to obtain a license from the Iranian government to invest […]

Leading Experts to discuss Business Opportunities in Iran

Leading Experts to discuss Business Opportunities in Post-Sanctions Iran Following Implementation Day – January 16th 2016, many of the economic sanctions have been removed, paving the way for international companies to work in Iran without punitive action from the EU and US. Despite being the second biggest economy in the Middle East, Iran has a […]

Dubai-Based Company Eager to Finance Projects in Iran

Yellow Door Energy, a company with technical expertise in solar energy projects in the Middle East, has expressed willingness to finance two solar power plants in Iran. Representatives of the company, which is headquartered in the Emirati city of Dubai and is mostly owned by Adenium Energy Capital, held a meeting at the Renewable Energy […]

Iranians to Spend £6bn on Foreign Properties

By John Lee. Recent research claims that Iranian millionaires and businesses will spend £6 billion ($8.5 billion) over the next five-to-10 years on property outside Iran. High-end Iranian-owned estate agent Rokstone says London is top of the list of locations being considered, alongside Dubai, Switzerland, parts of Germany and the South of France. The top five most popular […]

UAE Payments Firm in talks with Iranian Banks

The CEO of Network International, the largest payments processor in the Middle East and Africa, has said the company could begin working with some of Iran’s largest banks this year. Bhairav Trivedi (pictured) told Reuters the company is in talks with the banks about how it could begin processing transactions without breaching the remaining economic […]

Int’l Banks Exploring Prospects in Iran

By John Lee. Reuters reports that Dubai’s largest lender, Emirates NBD (ENDB), is just one of the many banks that are already meeting prospective clients and taking legal advice about entering Iran. According to the report, non-U.S. banks may trade with Iran without fear of punishment in the United States, but U.S. banks may not, […]

Grain Traders Eye Business in Iran

Food wasn’t subject to the sanctions imposed on Iraq, but according to a report from Bloomberg the rules created enough difficulty to keep many grain suppliers out. While the biggest traders, such as Bunge and Cargill kept operating in the country, the end of sanctions is a chance to expand operations. German firm BayWa sent […]

Much-Awaited Future Energy Forum Opens for Membership

Beginning 2016 founders of The Iraq Club, will officially launch the Future Energy Forum (FEF), an exclusive business-focused community connecting a senior network of leaders specifically engaged in the development of emerging energy markets. A much anticipated forum, FEF is spearheaded by William Wakeham and Leanne Case, both of whom are leading experts on critical […]

Emirates Increases Cargo Capacity to Iran

By John Lee. Emirates SkyCargo, the freight division of Emirates, has announced that it is planning to increase its cargo capacity to Iran. On 1st September the airline will begin five daily non-stop flights to Mashhad, making it Emirates’ second Iranian destination after the capital city Tehran, which Emirates has been serving since March 1990. […]