China's EXIM inks $1.5B deal for high-speed rail in Iran - The Export-Import Bank of China (EXIM) signs a $1.5 billion deal to finance the electrification of a high-speed rail line between the Iranian cities of Tehran and Mashhad. EXIM's Vice President Sun Ping and CEO of the Bank of Industry and Mine Ali Ashraf Afkhami signed the documents in Tehran on Tuesday after "16 months of intensive talks", the Iranian official said. - 7/25/17
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Iran, Afghanistan to link railway networks - Iran and Afghanistan signed a memorandum of understanding (MOU) on Sunday for implementing a project linking rail networks of the two neighboring countries. The MOU, between Islamic Republic of Iran Railways (IRIR), also known as RAI, and Afghanistan Railway Authority (ARA), was signed by IRIR's Managing Director Saeed Mohammadzadeh and Afghanistan Railway Authority's Director General Mohammad Yamma Shams during a meeting at IRIR's building in Tehran. - 7/24/17
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U.S. Lawmakers Reportedly Agree On Sanctions For Russia, Iran, North Korea - U.S. lawmakers say they have reached a bipartisan agreement on a bill that would bring new sanctions against Russia, Iran, and North Korea. The new sanctions package in the agreed-to legislation would impose mandatory penalties on people involved in Iran's ballistic-missile program and any person or entity that does business with them. The measure would also apply "terrorism sanctions" to Iran's Islamic Revolutionary Guards Corps and put in force an arms embargo. - 7/23/17
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Iran needs new development vision - Since the end of the Iran-Iraq War in 1988, Iran's development policies and investment plans have been formulated in so-called five-year plans (5YPs), with the first one starting in 1989. Five 5YPs have been completed so far, and Iran started the implementation of the sixth 5YP on March 21. The approval and implementation of this latest plan had been delayed due to disagreements between the government and the parliament -- disagreements that point to key differences on what political stakeholders understand as a "development plan." -Bijan Khajehpour, Al-Monitor - 7/23/17
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PHOTOS: Iran starts extraction from world's second largest lead and zinc reserve - Extraction from Iran's largest and the world's second largest lead and zinc reserve began today at a ceremony attended by Industry Minister Nematzadeh. "The mine is situated at Mehriz, 116 kilometers southeast of Yazd city, and contains over 160 million tons of lead and zinc with purities of 2.3 and 7.3 per cent, respectively," said Amin Safari, Managing Director of Mehdiabad Lead and Zinc Mining Complex. - 7/21/17
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Rohani Says Tehran Will Respond 'Appropriately' To New U.S. Sanctions - Iranian President Hassan Rohani says that Tehran would "respond appropriately" to new U.S. sanctions while reiterating that his country remained committed to its 2015 nuclear deal with world powers. "The Islamic Republic of Iran will always stick to its international commitments," Rohani said at a July 19 cabinet meeting, according to a text posted on the government's website. - 7/19/17
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Iran Accuses U.S. Of Trying To 'Poison Atmosphere' With 'Illegal' Sanctions - Iranian Foreign Minister Mohammad Javad Zarif accused U.S. President Donald Trump's administration of trying to "poison the atmosphere" by imposing new sanctions on Tehran despite its adherence to the 2015 nuclear accord. "This unfortunately has become a bad habit for this administration," Zarif told reporters at the United Nations in New York. "The international community has read this very loud and clear and continues to deal with Iran without much attention to this theater." - 7/19/17
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Iranian women's presence in job market up 40 percent: Report - The number of women in the Iranian job market has experienced a 40 percent growth over the past three years, Irantalent.com reported. The report, which is related to the previous Iranian calendar year (March 2016-March 2017), puts women's share of employees in branches of international companies at 29 percent, in privately-owned companies at 32 percent, and in state-run organizations at 20 percent. - 7/19/17
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Russians set record with Iran oil deals - The National Iranian South Oil Company (NISOC) and Russia's Zarubezhneft have signed a memorandum of understanding to develop two oil fields in southwest Iran. The agreement signed in Tehran Monday allows the state-run Russian company to conduct technical surveys on Shadegan and Rag Sefid fields in Khuzestan Province. - 7/18/17
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Iran to export 1 million tonnes of wheat: Official - Iran expects to export 1 million tonnes of surplus wheat and its products this year, up 60 percent from the year ago, the country's trade regulator the Government Trading Company (GTC) says. GTC Managing Director Yazdan Seif on Tuesday said the rise was "the result of the creation of necessary mechanisms and the increase in wheat production as well as guaranteed purchases of wheat, especially durum." - 7/18/17
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Brother Of Iran's President Rohani Arrested On Financial Crimes Charges - Iranian President Hassan Rohani's younger brother, Hossein Fereidoun, has been arrested on financial crimes charges,the Iranian judiciary said on July 16. "Multiple investigations have been conducted regarding this person, also other people have been investigated, some of whom are in jail," spokesman Gholamhossein Mohseni Ejei said in a televised press conference. - 7/16/17
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Japanese, Korean firms to fund "Octopus of the Persian Gulf" - A consortium of South Korean and Japanese companies has signed agreements to fund and implement a chain of condensate refining projects in southern Iran - a project known as the Octopus of the Persian Gulf. The agreements were signed between South Korea's Daelim and Hyundai as well as Japan's Chioda - all partners in the project to construct Siraf refineries in Iran's southern province of Bushehr. - 7/14/17
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This London-based investor says Iran holds huge promise -- and it's not just in energy - Iran has piqued financial interest throughout the world for its massive energy reserves, but the country actually has a host of other opportunities in less obvious areas, according to one global investor. For Clemente Cappello, CIO of London-based Sturgeon Capital, Iran holds promise in part for its cheap labor, abundance of natural resources, and well-educated youth. -CNBC - 7/14/17
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International firms negotiate $200B of oil deals in Iran - Asian and European companies are negotiating participation in Iran's oil and gas development projects which need $200 billion worth of investment, according to Minister of Petroleum Bijan Zangeneh. Iran looks to absorb 65% to 70% of this sum from abroad, the minister told Iran's Parliament where he was Tuesday to answer questions about a $5 billion gas deal signed with French giant Total earlier this month. - 7/12/17
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Italy, Iran sign $1.3B high-speed rail deal - Iran's state railway company and its Italian counterpart have signed a deal worth 1.2 billion euros ($1.3 billion) to build a high-speed rail line between Iranian cities of Arak and Qom. Renato Mazzoncini, CEO of Ferrovie dello Stato (FS), and head of the Islamic Republic of Iran Railways Saeed Mohammadzadeh oversaw the signing of the agreement in Tehran on Tuesday for the first stretch of a high-speed rail line which FS plans to build in Iran. - 7/12/17
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Iran Air appoints first female CEO - For the first time, a female board member of Iran Air - the Iranian flag carrier - has been appointed as the airline's chief executive officer. Farzaneh Sharafbafi will replace the current CEO Farhad Parvaresh. - 7/11/17
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White House Seeks Changes In Senate's Russian/Iranian Sanctions Bill - The White House is seeking to change a Senate bill imposing tough new sanctions on Russia so it doesn't constrain the president's authority to impose or waive sanctions, a top White House official said on July 10. The bill to impose new sanctions on Russia for allegedly meddling in the U.S. election and other matters passed the Senate overwhelmingly but has been stalled in the House of Representatives. The bill also imposes new sanctions on Iran. - 7/11/17
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Iran Plans First Oil-And-Gas Tenders After Sanctions Easing - The Iranian government is planning to announce tenders for the exploration of 14 oil-and-gas blocks over the next three months, a top executive at Iran's NIOC state oil company has said. NIOC Deputy Director Rahim Nematollahi told Reuters in Istanbul on July 10 that the tenders would be offered for joint exploration together with NIOC. - 7/10/17
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Country Managers Make Post-Sanctions Iran Work - On July 3, Patrick Pouyanne, the imposing, former rugby-playing CEO of Total, arrived in Tehran to sign a landmark $5 billion contract to develop Phase 11 of Iran's South Pars gas field in cooperation with the China National Petroleum Corporation and Petropars, an Iranian firm. The deal was a sign of Pouyanne's ambition and resolve in the face of the Trump administration's rhetoric towards Iran. -Esfandyar Batmanghelidj - 7/8/17
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How Five Iranian Women Built Iran's Biggest Female Portal - In 2015, five long-time friends were at a bridal shower in Tehran when they came up with the idea to launch a website dedicated to the needs and wants of Iranian women. The five female founders launched the site, Benita, last May which has now grown to 40 employees and a monthly reach of 2 million unique users and 23 million page views until May 2017. -TechRasa - 7/7/17
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Volkswagen Returns To Iranian Market After 17-Year Absence - Volkswagen (VW) says it is returning to the Iranian market for the first time in 17 years. The German automaker said on July 4 that it will resume selling cars in Iran from next month after signing a contract with local importer Mammut Khodro to offer Tiguan compact SUVs and the Passat family car, mainly at dealerships in the Tehran area. - 7/5/17
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France's Total seeks long-term coop. with Iran: CEO - Total plans to boost long-term cooperation with Iran in the fields of gas, oil and petrochemicals, the French energy giant CEO Patrick Pouyanne said in a meeting with President Rouhani in Tehran on Monday. The meeting followed the signing ceremony of a $4.5B development deal with France's Total for investment in Phase 11 of South Pars - the world's largest gas field - as envisaged in the new model of oil contracts, dubbed as the Iran Petroleum Contract (IPC). - 7/4/17
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France's Total seals Iran's biggest gas deal in years - French energy giant Total signed a multi-billion-dollar gas deal with Iran, the first by a foreign firm in more than a decade. Total's CEO Patrick Pouyanne and Iranian Oil Minister Bijan Namadar Zanganeh signed the 20-year deal, which would eventually see the consortium pour $4.8 billion into the project. - 7/3/17
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Gigantic rise in Iran's exports to EU - Official figures show the volume of Iran's non-oil exports to the European Union (EU) saw a gigantic increase of five folds over the first four months of 2017. Figures showed that the value of Iran's exports to the EU from January to April 2017 reached as high as 3.4 billion Euros. - 7/3/17
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Airbus beats Boeing in plane sales to Iran - As Iran is pushing ahead with what appears to be an aggressive campaign to purchase planes, figures show European aviation major Airbus has won the race in Tehran from its American rival Boeing. A report by Forces showed that the Paris-based company had already attracted a mix of firm orders and memorandums of understanding for 173 aircraft with a collective deal value of tens of billions of dollars. - 6/29/17
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Iran completing 'beauty link' in North-South trade corridor - Iran is preparing to launch what could be the country's most beautiful rail routes at the heart of a multimodal intercontinental transportation project. A railway at 205 kilometers from Qazvin to Rasht in northern Iran is near completion and could be among the last pieces of a rail link through which Russia would send its goods to India's Mumbai. - 6/29/17
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Germany stands by Iran nuclear deal, praises it as 'historic window' - German Foreign Minister Sigmar Gabriel said on Tuesday a nuclear deal with Iran has helped lower the risk of a major conflict in the Mideast and that Germany will do whatever is possible to hold all parties to it. "Our clear position is we stand by this agreement," Gabriel told reporters after talks in Berlin with Iranian Foreign Minister Mohammad Javad Zarif. - 6/28/17
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Brain drain to the West: Why Iran's brightest young graduates are leaving their country behind - Sporting earbuds and sagging backpacks, students lounge on patches of grass, shaded by trees from the harsh sun. They sit in the library, hunched over laptops, massaging their temples, cramming for tests or bashing out lines of code. It could be a college campus anywhere in the world, but Sharif University of Technology sits in the shadow of the Azadi tower in Iran's capital, Tehran. -Mick Krever, CNN - 6/28/17
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Trump administration welcomes financial watchdog's Iran sanctions reprieve - The Donald Trump administration expressed support today for an intergovernmental watchdog's decision that rewards the Iranian financial system for its relative progress combating money laundering and terrorism financing. -Laura Rozen, Al Monitor - 6/28/17
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Iranian airlines expand intl. flights to spur tourism growth - Iran's Mahan Air and Zagros Airlines have recently launched new direct flights to Spain and Russia respectively in a bid to accelerate the pace of tourism growth in the country. Mahan Air started flying nonstop from Tehran to Barcelona early on Thursday. "The nonstop flights from Tehran to Barcelona and vice versa will lessen travel time from 12-15 hours to only 6 hours," Hossein Hosseini, the airline's marketing manager, was quoted as saying by IRNA. - 6/25/17
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Iran blames high US output for falling oil prices - Iran has blamed a recent rise in US oil production for the plunge in global prices of crude oil. Iran's Petroleum Minister Bijan Zanganeh told reporters on Wednesday that the US had increased its oil production by 900,000 barrels per day. This, he said, was way beyond what the Organization of the Petroleum Exporting Countries (OPEC) had estimated. - 6/25/17
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Iran's Qeshm Air to buy 10 planes from Boeing - Only a day after two Iranian airlines announced deals to purchase planes from European aviation giant Airbus, another Iranian carrier says it has sealed a third deal to buy advanced aircraft from US plane-maker Boeing. Iran's media quoted the head of Qeshm Air as saying on Friday that the company had placed an order for 10 Boeing 737 MAX planes. - 6/23/17
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Prominent Civil Rights Activists Urge Iran's Parliament to Ban Use of Deadly Force Against Border Couriers - The killing, by border guards, of another kulbar-the Persian word for the border-crossing couriers who transport illegally imported goods into Iran-has prompted 250 Iranian civil rights activists to demand that Parliament implement measures to protect the downtrodden laborers. - 6/23/17
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Iran Begins Pipeline Gas Exports To Iraq After Years Of Delay - Iran has begun exporting natural gas to neighboring Iraq after several years of delays, Iranian state media report. The semiofficial Fars news agency on June 22 said the exports began late the previous day through a pipeline to Baghdad. - 6/23/17
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Iran sets sights on arrival of 6.5 million foreign tourist this year - Iran aims to draw some 6.5 million foreign travelers by the end of the current calendar year 1396 (March 20, 2018), though the country's tourism infrastructure and public services are in need to be improved, a senior tourism official said on Monday. In 1395, some 5.5 million travelers visited Iran, fetching about $8 billion for the country - 6/22/17
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Airbus to sell 73 planes to Iranian airlines Zagros and Iran Airtour - European aviation giant Airbus says it has signed basic agreements with two Iranian airlines over the purchase of a total of 73 planes. Airbus said in a statement that Iran's Zagros Airlines would pick up 20 aircraft from the single-aisle Airbus A320neo family and eight A330neo planes. It added that another airline, Iran Airtour, would also buy 45 planes of the A320neo type. The agreements were signed on the sidelines of the Paris Air Show. - 6/22/17
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Iran's Pistachio Exports Up 3% Year/Year - Iran has exported $1.240 billion worth of pistachios to the world markets in the past Iranian calendar year 1395 (ended on March 20) to register a three percent rise compared to its previous year, IRIB news reported. - 6/21/17
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Iran's annual GDP growth at 12.5%: Central Bank - TEHRAN- Iran's growth of gross domestic product (GDP), including oil sector, hit 12.5 percent in the previous Iranian calendar year 1395 (ended on March 20, 2017), the Central Bank of Iran (CBI) reported. Iran's GDP stood at 6.691 quadrillion rials (about $178.5 billion) last year, based on the market prices in fiscal year 2011-12. - 6/21/17
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Iran's oil industry paves way for capable women - Iranian Oil Minister Bijan Namdar Zanganeh has issued an order, paving the way for women with high capabilities to boost presence in the oil industry. As per the ministerial decree which released on Sunday, all gender discrimination between male and female employees should be removed for all occupational positions, except for working on oil and gas platforms. - 6/20/17
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Iran still world's biggest natural gas player - A new report shows Iran still has the world's largest reserves of natural gas and is closely followed by market rivals Russia and then Qatar. The global energy giant British Petroleum (BP) in its annual report on world energy reserves put Iran's natural gas reserves at 33.5 trillion cubic meters (tcm). - 6/17/17
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Senate's Iran Sanctions Bill Faces Differing Views in House - A newly passed Senate bill that would impose additional U.S. sanctions on Iran faces uncertain prospects for passage in the House, whose members are expressing differing views about its efficacy. Hours after the Senate approved the Countering Iran's Destabilizing Activities Act in a near-unanimous 98-2 vote Thursday, the House's majority Republican leaders had not said when they will act on it. The bill also would sanction Russia for interfering in the 2016 U.S. election, a charge Moscow denies. -Michael Lipin, VOA - 6/16/17
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New US sanctions in breach of nuclear deal: Iranian official - Ali Akbar Velayati, senior adviser to Supreme Leader Ayatollah Seyyed Ali Khamenei on international affairs, has slammed a new set of sanctions approved by the US Senate against Tehran as a breach of the 2015 nuclear deal between Tehran and the P5+1 states, vowing a proper response to the hostile move. - 6/16/17
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Iran's Sistan-Baluchestan province lures tourism investors: Official - Sistan-Baluchestan, a southeastern Iranian province, is more and more attracting tourism investors in particular in its ecotourism and hospitality sector, the provincial tourism chief says. A Dubai-based Iranian individual aims to invest $500 million in building a tourism town in the region, ISNA quoted Kambiz Moshtaq-Gohari as saying on Wednesday. - 6/16/17
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Iran's tech boom: Amid blocks on Apple, Facebook, Google, new apps are emerging - "I want the world to look at Iran as a positive opportunity," says Niki Aghaei a creative consultant in Tehran, as she outlines how her home country has undergone massive digital and tech growth in the past few years. -Damian Radcliffe, ZDNet - 6/13/17
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Tehran, Vienna Seek Deeper Economic Ties: Austria To Open 1 Billion Euro Credit Line For Iran - Iranian Finance Minister Ali Tayyebnia and Industry Minister Mohammadreza Nematzadeh in separate meetings with Austria's Federal Minister of Finance Hans Jorg Schelling on Saturday and Sunday sought avenues for increasing economic and banking ties between the two countries. - 6/12/17
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Iran exports first wheat cargo in years - Iran says it has exported its first consignment of wheat after a hiatus of multiple years - what is seen as a robust sign that shows the country has not only been able to support domestic needs but also move ahead with overseas sales. - 6/12/17
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Iran's Aseman Airlines Concludes Purchase Of 60 Boeing Planes - Iran's Aseman Airlines sealed a deal in Tehran on Saturday with the American manufacturer Boeing on purchasing 60 aircrafts. As per the deal, Aseman is going to receive 30 Boeing 737 MAX aircrafts as of 2022 over the course of two years, ISNA reported. - 6/10/17
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Iran oil exports to West return to pre-sanction levels: Ground lost to Saudis reclaimed - Iran's hard-fought mission to recoup its oil market share in the West is almost complete after exports in May came within a whisker of pre-sanction levels. Exports to Europe in the month surged to their highest level since the lifting of sanctions in early 2016 to 1.1 million barrels per day (bpd), Reuters news agency reported, citing sources familiar with Iran's oil exports. - 6/10/17
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US Senate Works on New Iran Sanctions, Possible Russia Sanctions - The U.S. Senate has moved forward on a bill that would impose new sanctions on Iran. The bill advanced on a procedural vote Wednesday. It now will be available for amendments before a final Senate vote. Bernie Sanders was one of the few senators opposed to holding the vote Wednesday because of twin attacks on Iran's parliament and a major historical site earlier in the day. -VOA - 6/8/17
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Iran's 2017 GDP growth estimated at 4%: World Bank - In its latest report, the World Bank (WB) predicted a four-percent growth for Iran's gross domestic product (GDP) in 2017. According to the same report, titled as Global Economic Prospects (June 2017), the forecasted Ian's GDP growth in 2017 registers a 1.2 percent drop from the GDP growth previously predicted by WB in January 2017. - 6/6/17
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China says will support Iran's full membership in Shanghai Cooperation Organization - A senior Chinese diplomat has thrown his country's weight behind Iran's membership of the Shanghai Cooperation Organization (SCO), an emerging economic and security alliance jointly led by China and Russia. - 6/6/17
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Pistachios, a source of tension between Iran and United States - Pistachio producers from Iran and the United States are on a war footing. Two of the largest producers of pistachios in the world, Iran and the United States (specifically, California), are engaged in a dispute that won't be solved soon. -Fresh Plaza - 6/2/17
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Iran signs deal with Gazprom over Farzad B gas field: Oil Minister - Iran says it has signed a basic agreement with Russia's energy giant Gazprom over the development of Farzad B gas field - a project which the country has for long been negotiating with an Indian consortium. The announcement over Farzad B agreement was made by Iran's Petroleum Minister Bijan Zanganeh. - 6/1/17
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Iran's Annual Non-Oil GDP Growth At 6.3 Percent - Iran's non-oil gross domestic product (GDP) grew by 6.3 percent during the past Iranian calendar year (March 2016-March 2017), according to the newest report of the Statistical Center of Iran (SCI). According to the same report, GDP growth, including the oil sector, touched 8.3 percent in the said period. - 5/31/17
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UAE pays Iran over $4B in gas dues - Reports say Iran has received over $4 billion from the United Arab Emirates (UAE) for purchases of gas condensate made before sanctions were imposed against Iran in 2011. The payments have been made by Emirates National Oil Company (ENOC), reported Al Jazeera on its website. - 5/31/17
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The Expat's Guide to Working in Iran - Are you preparing to relocate to Iran for work? Or maybe you are already an expat in Iran and would like to get more familiar with working conditions in Iran. Read this article to find out the answers to your questions about moving to Iran for work as an expat. -Daryoosh Dehestani, TechRasa - 5/31/17
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Iran, Russia seal oil-for-goods barter deal: Report - Iran has reportedly signed an agreement with Russia under which it will sell crude oil to Russia in exchange for products. The announcement was made by Iran's Oil Minister Bijan Zanganeh, as reported by Russia's RIA and TASS news agencies. - 5/27/17
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Senate Panel Backs New Sanctions on Iran - CAPITOL HILL - A Senate panel has overwhelmingly approved new U.S. sanctions targeting Iran's support for international terrorism and its ballistic missile program, the first move to punish Tehran since a landmark nuclear accord went into effect. -Michael Bowman, VOA - 5/26/17
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Response to Passing of Deeply Flawed Iran Sanctions Bill (S.722) - "With a vote for this flawed sanctions bill the Senate Foreign Relations Committee decided to give Donald Trump new tools to kill the Iran deal and stumble into war with Iran. After Iranians overwhelmingly voted for openness and engagement, Senators have effectively endorsed Trump's calls for a provocative and dangerous approach to the Middle East. NIAC Action condemns this vote and urges the full Senate to abstain from moving the bill forward." -NIAC Action - 5/26/17
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U.S. Treasury Eyes More Sanctions On Iran, Reviews Aircraft Sales - The U.S. Treasury chief told Congress on May 24 that he is looking for ways to increase sanctions on Iran, including by reviewing licenses the Treasury previously granted to Boeing and Airbus to sell aircraft to Iran. - 5/25/17
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Iranian Women Face Bias in the Workplace: Human Rights Watch - Laws and policies that discriminate against women interfere with Iranian women's right to work, Human Rights Watch said in a report released today. Women confront an array of restrictions, such as on their ability to travel, prohibitions on entering certain jobs, and an absence of basic legal protections. - 5/25/17
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What's on Rouhani's second-term economic agenda? - Hassan Rouhani's re-election on May 19 is welcome wind in the sail of the moderate political forces in Iran. The sharp rise in the index of the Tehran Stock Exchange can also be seen as an indication that economic players view the election results as a positive development. -Bijan Khajehpour, Al-Monitor - 5/25/17
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Iran-EU trade up 165% in first quarter of 2017 - The European Union's trade with Iran amounted to 5.3 billion Euros in the first quarter of 2017, a 165 percent rise from 2 billion Euros in the first quarter of 2016, based on the latest figures released by the European Union's statistics agency Eurostat. - 5/23/17
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US Extends Obama-era Nuclear Sanctions Relief for Iran, Adds Other Sanctions - The Trump administration has announced that it will continue nuclear sanctions relief for Iran, keeping in place an Obama-era deal. Under the 2015 deal, sanctions punishing Iran for its nuclear program were waived in exchange for Iran's commitment to roll back the program. But continuing the sanctions relief requires the renewal of a six-month waiver. The most recent waiver, issued by former Secretary of State John Kerry in December, was set to expire this week. - 5/18/17
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French automakers rushing into Iran's market in the absence of rivals - French carmakers are rushing into Iranian market in the absence of rivals. PSA and Renault are turning the U.S. absence in the Iranian market into an advantage by piling into a resurgent market still off-limits to foreign rivals fearful of sanctions under Donald Trump's administration, Reuters reported on Tuesday. - 5/18/17
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Iran receives 4 new ATR planes - Iran has received the first batch of medium-range planes that it has purchased from Franco-Italian aviation player ATR. Four ATR 72-600 turboprop planes landed in Tehran's Mehrabad International Airport on a direct flight from the French city of Toulouse. - 5/17/17
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Iran starts construction of ion therapy center - KARAJ - Iran began building its National Ion Therapy Center with Austrian help on Monday, in a 200 million Euros project which follow the country's landmark nuclear deal with six world powers in July 2015. - 5/16/17
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Iran to tap southern coasts maritime tourism potential - Iran aims to take advantage of southern coasts to make the best use of its maritime tourism potential by means of developing hospitality infrastructures, diversifying sea routes, and drawing private sector investors. "Constructing maritime hotels and building recreational vessels by the private sector in the country's free zones is currently on the agenda," Mana news agency quoted an official with the Cultural Heritage, Tourism, and Handicrafts Organization as saying on May 10. - 5/16/17
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Financial tech gaining steam in Iran - The Iranian capital played host to the four-day FINEX 2017 exhibition April 15-18. The annual event gathered more than 250 Iranian entities involved in banking and finance. While organizers dubbed it an international expo, only three foreign firms took part. -Alireza Ramezani, Al Monitor - 5/12/17
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Iran's non-oil growth to boost in 2017: IMF - According to the latest report published by the International Monetary Fund (IMF), Regional Economic Outlook, Iran is expected to see non-oil growth accelerate from 0.75 percent in 2016 to almost 3.5 percent in 2017. - 5/11/17
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Europeans see huge potential in Iran's energy market - European exhibitors participating in the 22nd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2017) believe that there is huge potential for business in Iran's oil, gas and petrochemical sectors. The exhibition, which was held at the Tehran Permanent International Fairgrounds from May 6 to 9, hosted some 2500 domestic companies and 1500 foreign participants from 37 countries including Germany, France, Spain, Britain, Italy, Austria, the Netherlands, China, South Korea, Australia, the U.S. and Canada. - 5/11/17
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Pall Corporation first US tech firm to invest in Iran in years - An Iranian company says a top American technology leader plans to invest in an Iranian oil equipment production project - what could be the first direct investment by a US oil company in Iran after the 1979 Islamic Revolution. Speaking at a press conference at Iran's Oil Show, Neda Mousavizadegan, the managing director of Iran's Panid Engineering, named the US company as Pall Corporation. - 5/10/17
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MTN To Invest 1.1 Billion Dollars In Iran Fiber Optic Project - Iran says South Africa's MTN will invest as much as $1.1 billion in an ambitious fiber optic internet connectivity project which will be launched in eight major cities across the country. - 5/10/17
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Rouhani's rivals are making pledges Iran cannot afford - While incumbent Hassan Rouhani's main challengers in the Iranian presidential race are making grand pledges of bigger cash handouts and more jobs, there is little to suggest that the promises can be realized. -Bijan Khajehpour, Al Monito - 5/10/17
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Iran reports rise in number of tourists - Iran says the number of tourists that visited the country last year increased by above 30 percent from a year earlier - what could be an indication that one of the world's top travel destinations is already finding its lost flavor after the removal of sanctions. - 5/9/17
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