Tag Archives | DJ

FLSmidth: Iran one of our Most Important Markets

By John Lee. Danish-based engineering company FLSmidth has opened an office in Tehran on Tuesday. Following an opening ceremony hosted by the National Iranian Copper Industries Company (NICICO), Per Mejnert Kristensen (pictured), the President of FLSmidth’s cement division, told Tehran Times: “FLSmidth has a very long time history in Iran. We have been here for […]

British Airways Re-starts Direct Flights to Tehran

British Airways has announced that it has today started to operate direct flights to Tehran from London’s Heathrow Airport. The service will run six times a week from Heathrow Terminal 5, using a four-class Boeing 777. Sean Doyle, British Airways’ Head of network and fleet, said: “British Airways has a long history of flying to […]

France’s Orange in Talks with Iran

French telecoms operator Orange is in talks with Mobile Telecommunication Company of Iran (MCI) over potential cooperation, an official with the corporation said. “We anticipate that these discussions will be concluded within a few months,” a spokesman of Orange said in a statement, Reuters reported. The statement did not elaborate on what those areas of […]

Iran’s 1st IPC-Based Oil Deals Likely in 2017

A research analyst at Wood Mackenzie, a global energy, metals and mining research and consultancy group based in Edinburgh, Scotland, said Iran is expected to sign its first oil and gas deals based on the terms of a new contract model in the second half of next year. Iran is set to sign major oil […]

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 […]

Grayling enters Iran with PGt Partnership

Gulf Business reports that London-headquartered communications company Grayling has signed an agreement with PGt Advertising to work together on integrated communications, public affairs, design, and market development services in Iran. The partnership will see the extension of the Tehran-based agency’s global network while allowing Grayling access to PGt’s clients and capabilities in Iran. Sam Cordier, MD of PGt, […]

Why Iran’s Bond Market isn’t Attracting the Money

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. Why Iran’s Bond Market isn’t Attracting the Money it Needs Despite efforts by Iranian authorities to draw multinational companies to the 9th International Exhibition of Exchange, Bank and Insurance held July 10-13 in Tehran, the […]

New Five Star Hotel opens in Tabriz

Turkey’s Kaya Hotels & Resorts has opened its tenth hotel in the region, with the inauguration of its Kaya Laleh Park Hotel in Tabriz, in Iran’s northwestern East-Azerbaijan province. The opening ceremony was attended by Iran’s Head of Cultural Heritage, Tourism, and Handicrafts Organization (CHTHO), Masoud Soltanifar, on Tuesday. (Source: Real Iran, Kaya Hotels)

Japan’s ClassNK Re-Opens Tehran Office

Japanese classification society ClassNK has resumed operations in Iran with the reopening of its Tehran Office and agreements with the Iranian Classification Society (ICS) and Ports and Maritime Organization (PMO), Ministry of Roads & Urban Development of Iran. ClassNK originally opened its Tehran Office back in December 2009 but closed the office in 2012. In light […]

EU Eases Travel Restrictions on Iran Air

The European Commission has announced that most aircraft of Iran Air are now allowed to resume operations to the EU. “I am happy to announce that we are now also able to allow most aircraft from Iran Air back into European skies,” said EU Transport Commissioner Violeta Bulc on Thursday. Iran Air was banned by […]

Steigenberger Group to Build 10 Hotels in Iran

By John Lee. Germany’s Steigenberger Hotel Group is set to build 10 hotels across Iran over the next ten years. The CEO of Steigenberger Hotels, Puneet Chhatwal (pictured), signed the agreement with the deputy director of Iran’s Cultural Heritage, Tourism, and Handicrafts Organization (CHTHO), Saeid Shirkavand, during a meeting at Tehran’s Espinas Palace Hotel, according […]

AirAsia X to Fly to Tehran

Both AirAsia X Berhad (airline code D7) and Thai AirAsia X (airline code XJ) announced Tehran as their latest destination in the AirAsia X Group’s route network, connecting both Kuala Lumpur and Bangkok directly to the Iranian capital, Tehran. Direct flights to Tehran from Kuala Lumpur (klia2) and Bangkok (Don Mueang International Airport) will be […]

Oman Considers Direct Flights to Mashhad

Oman Air said it will establish a direct flight route to Iran’s northeastern holy city of Mashhad in the near future. “Oman Air will be adding another destination in Iran, happy to be flying to Mashhad soon,” the Omani airline announced in a post published on its Twitter account on Sunday, Times of Oman reported. […]

Cyan Shares Double on $14m order from Iran

Shares in Cyan, the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, doubled in price on Wednesday after the company announced that it has now received a purchase order from telecommunications contractor Micromodje worth approximately £10 million ($14 million) for a 360,000 unit smart electricity […]

NewIcon Moves into Iranian Healthcare Market

By John Lee. Finnish health technology company NewIcon has signed an agreement with a clinic operating near the Iranian city of Urmia. According to the report from Labmate, the deal is for the supply of a fully automated pharmacy storage system. NewIcon’s marketing director Jori-Matti Savolainen said: “Iran has approximately 250 hospitals that are interested […]

Sepehran Airlines gets first Boeing B737-300

By John Lee. Sepehran Airlines, based in Shiraz, has added its first Boeing B737-300 to its fleet. The ex-xpressair jet arrived Shiraz last week, according to a report from ch-aviation. It joins three B737-500s and one Do328-300. (Source: ch-aviation)

Eurogate to launch forwarding services in Iran

By John Lee. Air Cargo News reports that freight forwarder Eurogate Logistics is launching services in Iran. Services include project and heavy lift shipping, warehousing and customs clearance for freight arriving by air, land or sea. (Source: Air Cargo News)

Iranians to Spend £6bn on Foreign Properties

By John Lee. Recent research claims that Iranian millionaires and businesses will spend £6 billion ($8.5 billion) over the next five-to-10 years on property outside Iran. High-end Iranian-owned estate agent Rokstone says London is top of the list of locations being considered, alongside Dubai, Switzerland, parts of Germany and the South of France. The top five most popular […]

Iran has World’s 5th Lowest Oil Production Costs

By John Lee. A report by Rystad Energy says that Iran has the world’s fifth-lowest-cost crude oil. Kuwait came in lowest at $8.50 per barrel, with Saudi Arabia at $9.90, followed by Iraq at $10.70. Fourth place went to UAE at $12.30, and Iran took fifth place with $12.60. The United Kingdom was the most […]

More Flights between Britain and Iran

High-ranking aviation officials from Iran and Britain signed a memorandum of understanding (MoU) to increase the number of direct flights between the two countries, Iran’s Civil Aviation Organization (CAO) announced. According to the cooperation agreement, Iran and Britain can increase the number of direct passenger flights to 42 per week, Director of Public Relations Department […]