Business

Korean agency raising Iran credit rating

South Korea’s official export credit agency KEXIM says it will consider raising its sovereign credit rating for Iran by one notch in anticipation of a strong economic growth.

Iran firing up first LNG project

The National Iranian Gas Exports Company (NIGEC) is in talks with foreign firms to sell part of its shares in the country’s “frontrunner” LNG scheme which has lingered for years amid sanctions.

UK to pay £50m to British companiese seeking to work in Iran

The export credit agency of Britain, UK Export Finance (UKEF), has announced it would fully support expanding trade relations with Iran after removal of sanctions against the country following the IAEA verification that Tehran completely met its commitments upon the landmark nuclear agreement with the world powers.

Aviation companies have no choice but to apply commercial principals

I can not tell people be content with minimum services because airliners with their small assets want to operate. Thus, increasing the capital is...

Thailand plans to raise trade with Iran to $5bn

Thailand hopes to bring its trade transactions with Iran to $5 billion from the current $356 million as the Islamic Republic prepares to receive sanctions relief.

Obama lifts ban on aircraft sale to Iran

US President Barack Obama has lifted a decades-old ban on the export of civilian passenger aircraft to Iran as Tehran prepares to see sanctions relief.

German firms find Iranian transportation sector appealing

German companies seek to invest in Iran especially in the field of transportation and infrastructure, says former chancellor Gerhard Schroeder.

Franco-Japanese auto giant keen on Iran expansion

The head of Renault-Nissan alliance has expressed the major car manufacturer’s readiness to expand its market in Iran upon the removal of sanctions against the country.

195 companies take part in 12th Kish Intl. Energy Exhibition

Official in charge of the 12th edition of Kish International Energy Exhibition, dubbed Kish ENEX 2016, says a total of 195 companies from Iran and other countries have taken part in this year’s exposition.

Rouhani foresees ‘economic boom’ next year

President Hassan Rouhani foresees an 'economic boom' in the post-sanctions era, which, he predicted, would begin in days to come.

Iran opens $6 billion gas operations

Iran brings online two more operations in its biggest gas field, marking the opening of the first such project all carried out by domestic entities in the face of Western sanctions.

President Rouhani to open South Pars phases 15, 16 on Monday

Implemented development plans of South Pars oil and gas field will be opened by President Hassan Rouhani on Monday as his government's top prioritized energy project.

Iran to invest in new overseas refinery project, now in Spain

Iran said on Saturday that it plans to participate in the construction of an oil refinery in Spain in what appears to be a long-term strategy to guarantee its own sales to Madrid.

New Solar Power Plant Set Up in Tehran

An Iranian deputy energy minister inaugurated a photovoltaic power station north of capital Tehran on Saturday.

Iran says ready to raise post-sanctions oil output

Iran has made the necessary preparations for raising crude oil output after international sanctions are lifted later this month, a senior official says.

World Bank expects Iran’s economic growth to hit 5.8% in 2016

The World Bank has forecast a major growth rate of 5.8 percent for the Iranian economy in 2016 as the country starts to benefit from the economic gains that the removal of multiple year sanctions is expected to bring about.

Iran to switch from gas to power exports

As Iran is preparing for the removal of sanctions and the openings that it will create in various sectors, fresh debates are emerging in the country over the need to devise more efficient energy policies – what is expected to help the country’s economic growth.

Iran, India ink comprehensive deal on diverse economic areas

The Indians are willing to cooperate with the Islamic Republic in the development of Chabahar port in southern Iran and the construction of a rail network to connect India to Central Asia.

Post-JCPOA Iran on course to winning WTO membership

A TPO official has said that Iran is moving toward becoming a member of the WTO, adding that the country has to pay a dear price for not being a WTO member.

Iran following US plan to seize frozen assets

Seif said the Central Bank of Iran (CBI) has a total of $2.5 billion frozen in New York, including the interest on top of the original $1.7 billion held in Citibank accounts.

Iran ready to deal with oil at $30

Tayyebniya said the national taxation program can help reduce reliance on petrodollars, warning that the country is already under strain as a result of a severe drop in oil revenues.

How will the Federal Reserve’s decision to raise interest rates affect Iran’s economy?

The first likely impact of the decision by the Federal Reserve will be a rise in the value of the greenback.

Iran awards IKIA deal to Dutch firm NACO

NACO will be in charge of providing consulting services for the development of Phase 1 of IKIA Airport Town for a period of five years.

US Visa Waiver Program will push foreign investment in Iran down to zero

An Iranian economist has said that a monkey wrench has been thrown into the works of Iran’s economy in the form of a US congressional bill, adding that Iranian officials should oppose the bill which violates JCPOA.

Presence of foreign banks spurs competitiveness: MP

An Iranian MP has said that foreign bank presence in Iran would infuse liquidity into the national economy which could help production flourish, if managed properly.

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