Tag Archives | featured

$220m Investment in Tyre Factory

By John Lee. Arya Tire Hamoon Industrial Company, a subsidiary of the Industrial Development and Renovation Organization of Iran (IDRO), and Dam and Water Works Construction Company (SABIR) have signed an agreement to build a tire manufacturing plant in the city of Zabol. The minister of industry, mining, and trade, and the minister of cooperatives, […]

Iran’s Iron Ore Concentrate Production Up 43%

By John Lee. Major Iranian iron ore companies produced 6,053,900 tonnes of iron ore concentrate during the two-month period from 20th March to 21st May 2017, a 43 percent increase on the 4,225,579 tonnes produced in the corresponding period of last year. Gol-e-Gohar Company ranked first with production of 2,140,000 tonnes of iron ore concentrate. […]

Germany’s Hermes to Guarantee Iranian Investments

By John Lee. Germany’s Hermes Insurance has reportedly said it is willing to provide insurance coverage for investment projects in Iran, especially in the energy and power sectors. According to Mehr News Agency, the announcement was made at a joint meeting between Iran’s Foreign Minister Mohammad Javad Zarif and German Minister for Economics and Energy […]

Europeans press FATF to extend Iran Sanctions Reprieve

By Barbara Slavin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Europeans press Terror-Finance Watchdog to extend Iran Sanctions Reprieve A powerful financial watchdog group meeting in Valencia, Spain, this week will take actions that could bolster the Iran nuclear deal — or put it in […]

Polish MEP: “No Good Time to Invest in Iran”

By John Lee. A vice president of the European Parliament has said that European companies should not rush to pour money into Iran’s industries. Writing in The Diplomat, Poland’s Ryszard Czarnecki argues that the whole world should be alarmed at the likelihood of some Western policymakers and businessmen taking President Hassan Rouhani’s reelection as a […]

Parts of Trump Travel Ban to take Effect

The US Supreme Court decided on Monday to allow parts of President Trump’s travel ban to go into effect. The ban, which prohibits people from Iran, Libya, Somalia, Sudan, Syria and Yemen from entering the US for 90 days, is expected to take effect within days, but it will not apply to people who have […]

FATF’s Decision Guarantees Banking Ties with Iran

Iran’s ambassador to Britain said a recent decision by the Financial Action Task Force (FATF), the policy-making body of the international financial system, to continue the suspension of anti-Iran sanctions would guarantee the country’s banking ties with foreign countries. In a post on social media, Hamid Baeedinejad pointed to the FATF’s meeting in Spain on […]

Strengthening Efforts to Combat Desertification

Iran and UNDP Strengthen Efforts to Combat Desertification Today, around the world, over 250 million people are directly affected by desertification. About 1 billion people – in over 110 countries – are currently at risk of its consequences. Here in Iran, the level of desertification is “high”.  Over 20 per cent of the country’s land […]

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 […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Monitoring & Evaluation Assistant, Norwegian Refugee Council (NRC) Accountability Assistant, Norwegian Refugee Council (NRC) Information Counselling Legal Assistance (ICLA) Officer, Norwegian Refugee Council (NRC) Shelter-WASH Officer, Norwegian Refugee Council (NRC) Information, Counselling and Legal Assistance (ICLA) Specialist, Norwegian Refugee Council (NRC) Finance Manager, Norwegian […]