Tag Archives | Khatam-al Anbiya

US Sanctions target Iran Petrochemical Group

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against Iran’s largest and most profitable petrochemical holding group, Persian Gulf Petrochemical Industries Company (PGPIC), for providing financial support to Khatam al-Anbiya Construction Headquarters (Khatam al-Anbiya), the engineering conglomerate of the Islamic Revolutionary Guard Corps (IRGC). In addition to PGPIC, […]

Iran’s Economy a ‘Masterpiece of Structural Ambiguity’

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The economy dominated Iran’s recent presidential election. Hassan Rouhani, the incumbent, argued that integration into the global economy is the only path to prosperity and job creation, while his rivals accused his administration of […]

IRGC Firm Ready for Caspian Water Transfer Project

Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), expressed readiness to embark on a project on channeling water from the Caspian Sea to the central parts of Iran. Speaking to the Tasnim News Agency on Wednesday, commander of the base General Ebadollah Abdollahi said plans for the giant water […]

IRGC Could Replace Koreans in Freeway Project

The CEO of Iran’s Construction and Development of Transportation Infrastructure Company (CDTIC) said the company is ready to sign a deal with the Khatam al-Anbia Construction Base for the construction of Tehran-Shomal Freeway, should the Korean company fail to implement the mega project. Speaking to the Tasnim News Agency, Ali Nourzad said the Tehran-Shomal Freeway […]

Iran’s ‘Suez Canal’, Connecting Caspian Sea and Persian Gulf

By John Lee. Sputnik reports that one of the most ambitious initiatives that Tehran plans to launch is an artificial channel linking the Caspian Sea and the Persian Gulf. The project, which according to the report is expected to be completed in the 2020s, is described as particularly interesting for Russia due to the deterioration […]