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Attempts to Hack Diplomatic Entities in Iran

By John Lee. Russian cybersecurity firm Kaspersky Lab has said it has found evidence of attempts to compromise the information systems of foreign diplomatic entities in Iran: “Throughout the autumn of 2018 we analyzed a long-standing (and still active at that time) cyber-espionage campaign that was primarily targeting foreign diplomatic entities based in Iran. “The […]

PM Urges Rapid Implementation of Iran Banking Deal

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said Iraqi Prime Minister Adil Abdul-Mahdi has voiced “his firm support” for the banking deal reached between the two countries on Tuesday night and called for its rapid implementation. “After a long and four-hour meeting last night with the governor of the Central Bank of […]

Iran, Iraq “Finalize” Payment Mechanism

Governors of the central banks of Iran and Iraq signed an agreement to develop a payment mechanism aimed at facilitating banking ties between the two neighboring countries. The deal on the payment mechanism was signed in a meeting between Iran’s Abdolnaser Hemmati and Iraq’s Ali Mohsen al-Allaq in Baghdad on Tuesday night. Speaking at the […]

New Petropars CEO Appointed

The CEO of the Naftiran Intertrade Company Sàrl (NICO) issued a decree appointing Hamid Reza Masoudi (pictured) as the new managing director of Petropars Ltd. (PPL). “Considering the valuable commitment, expertise and experiences you have displayed and regarding the approval of the general assembly of Petropars Company, you are appointed as the managing director and […]

Iran “Never Accepts INSTEX’s Humiliating Conditions”

Iran Never Accepts INSTEX’s Humiliating Conditions: Judiciary Chief Iranian Judiciary Chief Ayatollah Sadeq Amoli Larijani said the country would never accept the “humiliating conditions” of the European Union’s financial mechanism for trade with Iran known as INSTEX, including Iran’s accession to the Financial Action Task Force (FATF). “After 9 months of procrastination and negotiation, Europeans […]

Major Petro-Refinery to be Built in Jask

Plans are under way to build a large petrochemicals and refining complex in Jask Island by Bakhtar Petrochemical Holding. Ali Mohammad Bossaqzadeh, director of projects at the National Petrochemical Company (NPC), told NIPNA that the project would be built in order to meet the needs of the country and also to increase the exports of […]

Iran Falls in Transparency Ranking

By John Lee. Transparency International has said that Iran’s ranking has fallen eight places in its global Corruption Perceptions Index (CPI). From a total of 180 countries, Iran came in at number 138; last year’s position was 130 out of 180 countries. This result puts it on equal ranking with Lebanon and Russia, ahead of […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Development Coordination Officer, Economist, UNDP – United Nations Development Programme Development Coordination Officer, Partnerships and Development Finance, UNDP – United Nations Development Programme Executive Associate to UN Resident Coordinator, UNDP – United Nations Development Programme Admin Intern, UNDP – United Nations Development Programme Administrative […]

Iran Ranked 138th in Good Country Index

By John Lee. Iran has been ranked 138th out of 153 countries in this year’s Good Country Index, placing it just behind Tonga and Venezuela, and ahead of Antigua. Iraq was ranked last, with Libya second-last. The idea of the Good Country Index to measure what each country on earth contributes to the common good […]

114 Foreign Cos ready for Oil Projects in Iran

114 Foreign Companies Ready to Take Part in Iran’s Oil Projects: Official A member of the Energy Commission of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said 114 foreign companies have announced their readiness to cooperate with the country in its oil projects. Speaking on the sidelines of a visit to the […]

9 Contracts Signed for Enhancing Oil Production

9 Contracts Signed with Local Firms for Maintaining, Enhancing Oil Production National Iranian Oil Company (NIOC) subsidiaries signed 9 contracts with local developers for maintaining and enhancing the production capacity of a number of Iranian oil and gas fields. The deals were signed on Tuesday in a ceremony that was attended by Iranian Minister of […]

New Oilfield Discovered in Southwest Iran

Iran has discovered a new oilfield near the southwestern city of Abadan, Oil Minister Bijan Namdar Zanganeh has said. Speaking to reporters on the sidelines of a cabinet session in Tehran, Zanganeh said workers drilling a well at ‘Minoo’ region near Abadan discovered crude oil on Tuesday morning. “It is the first time we discover […]

New Mechanism to Facilitate Trade with Iran

French, German and UK Foreign Ministers today announced the creation of ‘INSTEX‘, a new mechanism for facilitating legitimate trade with Iran in order to preserve the Iran nuclear deal. Joint statement by the E3 Foreign Ministers Jean-Yves Le Drian (France), Heiko Maas (Germany), Jeremy Hunt (United Kingdom): “France, Germany and the United Kingdom, in accordance […]

Iran, Syria Sign 11 Cooperation Deals

High-ranking officials from Iran and Syria inked 11 agreements, including memorandums of understanding (MoUs), in a bid to boost cooperation between the two countries in diverse areas. The documents were signed during a meeting between Iranian First Vice-President Eshaq Jahangiri and Syrian Prime Minister Imad Khamis in Damascus. Nine MoUs were signed by Iranian and […]

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Iran-Switzerland Payment Channel Ready: Official

The head of Iran-Switzerland Joint Chamber of Commerce announced that a payments channel has been developed and prepared to be inaugurated in a bid to boost bilateral trade between the two countries. In remarks released on Wednesday, Sharif Nezam Mafi said the financial mechanism has been prepared and its operational features have been announced. The […]

France Says SPV to Be Implemented in ‘Coming Days’

The French foreign minister said the special purpose vehicle (SPV), the EU mechanism aimed at facilitating trade with Iran in the US sanctions era, would be established in the “coming days”. The SPV “should be implemented in the coming days”, Jean-Yves Le Drian told the French parliament’s foreign affairs committee, Reuters reported late on Wednesday. […]

2018 – Iran’s “Year of Shame”: Amnesty International

Iran’s ‘year of shame’: More than 7,000 arrested in chilling crackdown on dissent during 2018 The Iranian authorities carried out a shameless campaign of repression during 2018, crushing protests and arresting thousands in a wide-scale crackdown on dissent, said Amnesty International, a year after a wave of protests against poverty, corruption and authoritarianism erupted across […]

Iraq “must not be Reliant on Iran”

By John Lee. The UK’s foreign office minister for the Middle East has reportedly said that Iraq must wean itself off economic reliance on Iran and become more energy self-sufficient. On a visit to Iraq on Sunday, Alistair Burt (pictured) told Reuters: “To expect Iran to have no influence in Iraq is fanciful … What […]

What Iran’s Revolution meant for Iraq

By Bruce Riedel, Brookings Institution. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. What Iran’s Revolution meant for Iraq The collapse of the shah’s government in Iran in early 1979 impacted the entire world but no country was more affected than Iraq. Saddam Hussein’s regime […]

Ilam Refinery Suppling Quality Sulfur for Export

Ilam Refinery, which runs on sour gas, supplies valued items like quality sulfur, while injecting refined gas to the national distribution network for domestic consumption. According to the National Iranian Gas Company (NIGC), Shahryar Daripour, CEO of the refinery, said that over a billion cubic meters of gas was processed in the facility annually, adding […]