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Why many Iranians are feeling the Bern

By Masoud Lavasani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Foad Shams is an Iranian journalist who supports US presidential candidate Bernie Sanders and has written about him in the Iranian press. When asked what is it about the Democratic hopeful that interests him, Shams […]

Full List of MoUs signed between India and Iran

Full list of memoranda of understanding signed during the visit of the Indian Prime Minister to Iran: Title of MoU Description Signatory from Indian side Signatory from Iran side 1. India-Iran Cultural Exchange Programme The objective is to extend the CEP for the period 2016-2019 covering the areas of culture and art; radio, TV, mass […]

Pro-Rouhani Candidates Scoop up Most Seats in Runoff

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. Pro-Rouhani Candidates Scoop up Most Seats in Runoff After having controlled Iran’s legislature for more than a decade, hard-liners have resolutely been hit with a big defeat in the country’s parliamentary elections. In the […]

Iran in Talks on New Oil Contracts

Iran’s Oil Minister Bijan Namdar Zanganeh said the country’s revised oil contracts are being negotiated with foreign customers. Speaking on a radio program, Zanganeh said efforts are underway to clinch deals based on the new oil contracts. He said, however, that he could not say when and with whom those contracts will be signed. Zanganeh […]

Why did Rouhani pull out of Austria visit?

By Saeid Jafari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The recent abrupt cancellation of a planned visit by Iran’s President Hassan Rouhani to Austria is raising a great deal of speculation. The two-day trip, which was scheduled to take place on March 30-31, […]

US may Easy Dollar Restrictions on Iran

By John Lee. The United States may soon relax its restrictions on the use of dollars in transactions with Iran, according to a report from The Associated Press. Officials told the news agency that the Treasury Department is considering issuing a general license that would permit offshore financial institutions to access dollars for foreign currency […]

Video: Iran Deportees Deal a Goal for Australia

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran’s foreign minister will meet with his Australian counterpart in Canberra on Tuesday. It’s part of a tour aimed at nurturing relationships and building trade links with Asian countries. But Australia is also […]

Partnership Agreement Strengthens UK’s Relationship with Iran

UK Export Finance (UKEF) and the Export Guarantee Fund of Iran (EGFI) have committed to enhancing trade and economic co-operation with a Memorandum of Understanding in a move designed to help British businesses export. Under the agreement, UKEF, the UK’s export credit agency, and EGFI, the Iranian state-owned credit insurance company, will work together to […]

Iran, Singapore eye Joint Tanker Line

By John Lee. The Islamic Republic of Iran Shipping Lines (IRISL) has signed a major cooperation agreement with Singapore’s Pacific International Lines (PIL), which could to lead to the development of a major tanker service for shipping oil products and petrochemicals from East Asia to as far as West Africa. IRISL chief Mohammad Saeidi (pictured) […]

S-300 Missile Deal Still up in the Air

By Abbas Qaidaari, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. ‘Special messages’ aside, Iran’s S-300 missiles still up in air TEHRAN, Iran — Prior to his recent trip to Russia, Iran’s Defense Minister Brig. Gen. Hossein Dehghan announced that he will discuss the long-stalled […]

Is BBC Persian Meddling in Iranian Elections?

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. Is BBC Persian Meddling in Iranian Elections? In the coming days, Iran will be holding elections for its Assembly of Experts, and as such, every side is maneuvering to gain as many […]

Among Reformists, Hope goes Hand in Hand with Pragmatism

By Jean Aziz, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Among Iranian Reformists, Hope goes Hand in Hand with Pragmatism From the look on his face, the security officer at Imam Khomeini International Airport seemed surprised that most arrivals weren’t Iranian. A long queue […]

How Tehran Plans to Crack Down on Property Speculators

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. Iranian authorities have announced initiatives to tax unfinished residential buildings in Tehran and vacant homes in major cities. The move appears aimed at helping to stimulate demand in the housing market, which has been […]

Danish Oil Giant Maersk Keen on Iran

Vice president of Denmark’s Maersk said the company is gearing up to engage in Iran’s upstream oil projects in the wake of the removal of the western sanctions on the country’s energy sector. “We have to wait for the complete lifting of the sanctions but our group of companies is very interested to come to […]

Iran ‘Starts Dismantling Nuclear Equipment’

A senior diplomat has reportedly said that Iran has disconnected almost a quarter of its uranium-enriching centrifuges in less than a month, according to a report from Reuters. The news agency quotes him as saying: “They have been dismantling centrifuges that did not contain [uranium] hexafluoride … “Dismantling centrifuges that have or have had hexafluoride […]

Iran Files Claim to Ownership of Onur Air

By John Lee. Iran’s Oil Ministry has opened a legal case in Turkey demanding ownership of budget airline OnurAir. The company was acquired for $235 million in 2013 by Kudret Tuncel and Mahdi Shams, two allegedly official partners of Babek Zanjani, who has been in jail in Iran pending trial on corruption charges for almost […]

Iran to Seek Bids on 15 Mining Deals

Iran is to seek bids for 15 mining projects for international investors to develop, according to Bloomberg. Mehdi Karbasian (pictured), the deputy minister of Industries, Mines and Trade, said in an interview in Tehran that President Hassan Rouhani plans to visit France and Italy in November to sign development agreements on some of the projects. […]