Business

Korea and EU States Main Customers of Iran’s Pomegranate

South Korea was the biggest customer of Iranian pomegranate. Other export destinations include Germany, the UK, the UAE, Ukraine, Sweden, Switzerland and the Netherlands,...

US Puts Chinese Firm on Sanctions List for Selling Fire Hydrants to Iran!

Two Chinese companies included on a new US sanctions list targeting Iran said on Sunday they had only exported "normal" goods including fire hydrants to the Islamic Republic and didn't consider they had done anything wrong.

Iran Launches First Oceanographic Survey Ship

Iran’s first hydrographic and oceanographic survey ship called Persian Gulf Explorer was launched after being delivered to National Institute for Oceanography and Atmospheric Science.

Iran’s Sponge Iron Output Rises despite Drop in Global Production

Iran’s sponge iron production has grown considerably in 2016 amid dwindling global output.

Germany, Top Customer of Iran’s Barberry

Many countries including the US, Britain, Canada, Australia, and Austria bought barberry from Iran in 2016, but Germany imported the highest amount.

Iranian MP Calls for Minimised Export of Unprocessed Saffron

An Iranian lawmaker criticized the export of unprocessed Iranian saffron, saying a portion of the Iranian saffron exported to European and Arab states is rebranded and resold by these countries.

Iran about to Lose Russia’s Food Market

Iran risks losing Russia’s food market which was hit hard after the EU imposed sanctions on Moscow following Russia’s annexation of Crimea and the ensuing conflict between Kiev troops and pro-Russia forces.

Turkish Airline’s Airbus Makes Emergency Landing in Southeastern Iran

An Airbus A330-300 which was en route from Istanbul to Vietnam made an emergency landing in Zahedan, southeastern Iran, because of a passenger’s critical condition.

Malaysian Minister to Visit Iran on Sunday

Malaysian Minister of Plantation Industries and Commodities Mah Siew Keong will arrive in Tehran on Sunday at the head of a 25-member delegation to explore avenues of expanding bilateral ties with high-ranking Iranian officials.

Iran Exporting Chewing Gum to Italy, Sweden, Australia

Iran has exported well over 1,500 tonnes of chewing gum to several countries in the world in the nine months to December 2016.

Boeing Highly Likely to Cancel Iran Deal: MP

An Iranian parliamentarian says the implementation of the deal between Iran and the giant American plane-manufacturer Boeing is under a cloud of doubt.

Iran-France Political Challenges Should Not Influence Economic Ties

As French Foreign Minister Jean-Marc Ayrault was in Tehran for high-level political and economic talks, Iran’s foreign ministry spokesman in an article urged the two countries to minimise the impact of political challenges on their bilateral economic relations.

Iran’s Parliament Supports Domestic Video Games Production

By charging higher taxes on import of computer games to Iran, $3.1 billion would be allocated to game production in Iran this year, an Iranian MP says.

Increased Gas Consumption with Precipitation in 24 Iranian Provinces

Many cities and villages across Iran are facing a dropped temperature as well as rain and snow fall, and this has sharply raised the daily gas consumption.

Lukoil Looking for Opportunities in Middle East and Iran

An official with Russian energy company Lukoil says the firm’s target area in the Middle East is Iran at the moment, but it also seeks opportunities for growth in other regional countries as well.

Iranian President Opens Mideast’s Largest Grain Refinery

In a Tuesday visit to Alborz Province, President Hassan Rouhani inaugurated ‘Zar Grain Refinery’ as the largest of its kind in the Middles East and the first one in Iran.

Another Airbus Plane Painted in Iran Air’s Livery

Iran Air has published the image of an Airbus A330, which is said to be parked in France’s Chateauroux-Centre “Marcel Dassault” Airport and painted in the flag carrier’s livery.

Iran’s Oil Ministry Urged to Exploit Shale Oil Resources

An Iranian MP has asked the Oil Ministry to take measures to extract oil from shale resources in south-western Iran.

Iran’s Annual Steel Output to Exceed 18 Million Tons

The CEO of Iran’s Isfahan Mobarakeh Steel Company predicted that the country’s annual steel output will rise to more than 18 million tons by March.

Iran’s FM Zarif Says He’s Proud of Nuclear Deal

Iranian Foreign Minister Mohammad Javad Zarif on Tuesday dismissed the allegations that he is ashamed of the nuclear deal between Iran and world powers, saying he is actually proud of it.

$340m Allocated to Tourism Development in Iran

An Iranian tourism official announced that facilities as much as $340 million will be allocated to the private sector’s investment in tourism.

Germany Interested in Making $12 Billion Investment in Iran’s Oil Industry

Germany’s major oil and petrochemical companies, including BASF, have expressed their willingness to invest a total of $12 billion in the Iranian oil sector.

Real-State Deals to Be Made Online in Iran

In a decade, the majority of Iranian real-estate deals will take place through the Internet, the head of Tehran Association of Realtors said.

Volkswagen to Launch Its Plant in Iran by March

The production line of a newly formed joint venture between Volkswagen and the Iranian automotive company Mammut Khodro will be launched by the end of the current Iranian fiscal year that ends in March, according to the company's director.

Iran Awards National Medal to Top Entrepreneurs

In a ceremony attended by Iran’s First Vice-President, 23 individuals were awarded the “Amin al-Zarb” badge of entrepreneurship for their distinguished role in fostering economic empowerment.

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