Tag Archives | Tehran

Iran in Talks with Japan to Optimize Oil Refining

Iran is finalizing negotiations with two major Japanese companies to improve the efficiency of Tehran’s aging refineries, an official announced. In an interview with Tasnim, Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), said Iran has been in talks with Japanese and South Korean companies to optimize oil refining […]

Telepizza Targets 200 Store in Iran

Spanish-based Telepizza, the leading non-US pizza delivery company by number of stores, has announced its arrival in Iran in March 2017 via a strategic master franchise alliance with its partner Momenin Investment Group and the objective of 200 stores in 10 years. This will mean opening some 20 establishments per year and an investment of […]

Iran Expects Six-Fold Rise in Foreign Investments

A member of Tehran Chamber of Commerce said the number of foreign direct investment projects in Iran is expected to increase six-fold by next March. Foreign investments in Iran for each Persian calendar year (starting 21 March) stood at about $2 billion, Feriyal Mostofi said. He added that once contracts between Iranian and foreign firms […]

Qatari Retailer to open in Iran

By John Lee. Reuters reports that Qatar-based Abu Issa Holding plans to expand into Iran next year and open stores in Tehran selling watches and confectionery. The family-run is one of the largest retail and luxury goods firms in the Middle East. Ashraf Abu Issa, chairman and chief executive of Abu Issa Holding, told the news […]

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 […]

MTN Invests in “Iran’s Uber”

By John Lee. South African mobile phone company MTN Group has agreed to invest $22 million in Snapp.ir, Iran’s first cab-hailing smartphone app. Snapp CEO Shahram Shahkar informed Bloomberg that the funds would be used to allow the company to expand quickly from Tehran into other cities. He said it has grown to about 500,000 subscribers […]

Turkish Firm to Build Sewage Treatment Facility in Tehran

A Turkish contractor is going to construct an industrial wastewater treatment plant in a southwestern suburb of Tehran after finalizing an agreement with Tehran Province’s Water and Wastewater Company. The contract was formally signed at a ceremony in Tehran on Tuesday, with a delegation from the Turkish company in attendance. According to Asghar Riazati, managing […]

Tehran-Isfahan Railway to be Built in 3 Yrs

The managing director of the Iranian Railway Company (RAJA) announced that the country plans to construct an express railway from the capital Tehran to the central city of Isfahan in three years. RAJA should take steps to construct express railways for short routes to encourage people to use rail transportation, Mohsen Pourseyed Aghaei said on […]

Corruption Scandal hits Tehran City Council

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. According to an Iranian news outlets, Tehran’s City Council is caught up in a corruption scandal involving Tehran real estate. Memari News reported Aug. 27 that it had acquired documents showing that 1,100,000 square […]

Why Iran’s Property Market is Unlikely to Boom anytime soon

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. Signals from the Iranian real estate market suggest that a recovery is on the way, after an almost three-year-long recession. Yet there are contradictory statements being made about the likelihood of a property boom. Indeed, […]

Russian Firm to build at Bushehr Nuclear Power Plant

Rusatom Service, part of Russian state nuclear agency Rosatom, announced that it expects to sign a 4-year contract with Tehran on the construction of two more energy blocks at Iran’s southern Bushehr nuclear power plant by the end of this year. “We will sign a new four-year contract at the end of this year,” Rusatom […]

German Firm Wins Iran Power Purchase Agreement

German consultancy company, Planet in Green Projects GmbH, which specializes in photovoltaic projects, has concluded a contract in Iran. The power purchase agreement (PPA) has been agreed for 100 MWp with the Iranian Renewable Energy Organisation (SUNA). This will be for a 20-year term, producing 165 million kWh per annum near Tehran. The solar park […]

Iran Plans big Oil-Refinery Expansion

Iran plans to build five new refineries over the next four years to increase capacity from its current level of 1.85 million bpd to about 3.2 million bpd. Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) told Bloomberg that the country also needs about $14 billion in investment to […]

India’s Tata Motors in JV Talks with Iran Khodro

India’s largest carmaker, Tata Motors, said it is in talks with Iran’s leading vehicle manufacturer Iran Khodro to set up a joint venture for assembling its petrol cars in Iran. According to a report carried by the Indian Express, a number of Indian cars, including Tiago, Bolt and Zest, which are powered by Tata Motors’ […]

Turkey to Build 10 Hotels in Iran

A Turkish tourism ministry official said Tehran and Ankara have signed an agreement whereby Turkish investors will be allowed to build at least 10 hotels in Iran following a lasting nuclear deal between the Islamic Republic and six world powers. Under the terms of the agreement signed between the two nations during a recent Turkish […]

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 […]

Italian Textile Machinery Manufacturers to Visit Iran

Representatives of Italian textile machinery manufacturers are planned to visit Iran later this month to explore business opportunities in the country following the removal of sanctions. According to a statement released by the Association of Italian Textile Machinery Manufacturers (ACIMIT) on Friday, a total of 26 textile machinery manufacturers from the European country will be […]

UNICEF Advertises Jobs in Tehran

By John Lee. The United Nations Children’s Fund (UNICEF) has advertised three jobs in Tehran: National Coordinating Consultant for Development of Sectoral Guidelines Operations Assistant Admin and Finance Assistant (Source: UN)