Tag Archives | United Arab Emirates (UAE)

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, […]

Iran’s Mega Deal with Airbus inches closer to Finalization

By Changiz M. Varzi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. After the United States issued a second license to Airbus to sell 106 planes to Iran on Nov. 21, the French aircraft manufacturer once again made headlines in Iranian media on Nov. 23. […]

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 […]

India Drops Plan to Buy UAE Oil, Turns to Iran

India plans to buy 6 million barrels of Iranian crude oil after its talks with the United Arab Emirates’ national oil company for supplies came to a close over commercial terms, industry sources said. Three industry sources with direct knowledge of the matter said India would buy 6 million barrels of Iranian Mix crude from […]

RAK Ceramics wants to Expand Iran Operations

By John Lee. Ras Al Khaimah-based RAK Ceramics has said it wants to expand its manufacturing operations in Iran. According to a report from The National, the Abu Dhabi-listed company fully acquired its Iranian business last August, which was financed by the World Bank when it started in 2003. Nour Eldeen Sherif, an equity analyst at […]

Iran’s Non-Oil Exports up by 21%

By John Lee. Iran’s non-oil exports reportedly rose by 21 percent year-on-year over the past four months. IRNA says Iran exported some 41.161 million tons of non-oil commodities worth $16.308 billion in the four-month period which shows 36.37 percent increase in terms of weight and 21.11 percent growth in terms of value. Iran also imported […]

Are Hard-Liners moving in on Iran’s Oil Ministry?

By a Correspondent in Tehran, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s crude exports nearly tripled between November 2015 and May 2016. The state-run National Iranian Oil Company (NIOC) hit pre-sanctions levels of sales late this spring, shipping out 2.6 million barrels per […]

FT: Iran looks to Iraq and even Syria for Trade

The Financial Times reports that Iran finds Iraq to be a big market for its domestically produced goods, including fresh milk, antibiotics and cement. Yahya Ale Eshaq, head of the Iran-Iraq Chamber of Commerce, told the newspaper: “Iraq needs everything, which makes it the best market for Iranian-made goods … “We can work with European […]