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Highest education rate in region

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High rate of Internet penetration and access to online shopping (74%)

Tax Free Zones

Iran has dozens of Tax Free & Special Economy zones

<div>Italian Company Inks Deal to Finance Iran's Projects</div>

TEHRAN (FNA)- Italy's Azimut Company signed a deal with an Iranian company to invest in the country's development projects.

Azimut Company signed its deal with Iran's Mofid Entekhab Company to purchase stakes in the financial company.

Azimut, a €48-billion group headquartered in Milan, had acquired 20 percent of Mofid Entekhab, an Iranian asset manager, for an undisclosed sum.

“We were looking for an opportunity to invest in a very interesting market. Iran is a great story,” Sergio Albarelli, chief executive of Azimut, said.

Azimut said it and Mofid Entekhab had ensured that the partnership would be compliant with economic sanctions requirements.

Mofid Entekhab is part of Iran’s privately held Mofid Group, the largest brokerage firm and financial advisory in Iran with $89 million in assets.

 

 

 

 

<div>EC Secretary: Any New Sanctions against Iran to Harm Major Int'l Investors</div>

TEHRAN (FNA)- Secretary of Iran's Expediency Council (EC) Mohsen Rezayee described US President Donald Trump's threats to Tehran as "slogans", stressing that any new sanctions against his country will first harm major international firms and investors.

"Trump will face big problems in Europe and Asia by implementing any new sanctions as the global economy can no more afford new sanctions," Rezayee said on Wednesday.

Noting that Trump's measures against Iran will harm the global economy and major international investors more, he said, "Therefore, everyone is displeased with Trump's remarks, and his measures and sanctions will be nothing but mottoes."

Rezayee had also on Saturday stated that Trump's move to relieve his decision-making power over the nuclear deal to the Congress would mean a political suicide for the US president.

Trump wants to hand the fate of the nuclear deal to the US lawmakers instead of certifying the deal and extending suspension of sanctions against Iran, Rezayee said in a press conference in Tehran.

"The Congress has two to three months to decide about suspension of sanctions or reimposing them but Trump is attempting to put the burden on the Congress's shoulders," he added.

"This shows that Trump has a problem. I think that it's a type of suicide," Rezayee said.

According to the US media, Trump has a message to Republicans in Congress -- you don't like the Iran nuclear deal, so you deal with it.

His expected decision to decertify the agreement would allow him to save face and dent Barack Obama's legacy. And by handing its fate to lawmakers, he would also limit his political exposure to any decision to kill off a pact backed by US allies.

His expected move is already being condemned by critics, who warn he is putting US national security at risk to satisfy his own prejudices toward a deal he has branded an "embarrassment" to America.

Trump has twice previously been forced to certify that Iran is complying with its terms as the International Atomic Energy Agency and US military leaders say Iran is honoring the agreement.

 

 

 

 

Iran, Oman Stress Broadening of Health Cooperation

Medicine

Iran, Oman Stress Broadening of Health Cooperation

Iran, Oman Stress Broadening of Health Cooperation

TEHRAN (FNA)- Iranian and Omani officials in a meeting in Muscat on Wednesday underlined the need for the further expansion of mutual cooperation, specially in health areas.

During the meeting in the Omani capital, Head of Iran Trade Promotion Organization (TPO) Mojtaba Khosrotaj and Advisor for Omani Health Minister Sultan Al Busaidi  explored avenues for bolstering and reinvigorating of bilateral ties, specially in health sector.

The meeting was held on the sidelines of Oman Health Exhibition and Conference 2017 in Muscat.

About 30 pavilions, which put the hospital and health equipment on display at the Oman exhibition, belonged to Iran.

Oman Health Exhibition & Conference is an annual international trade event that highlights the advances in the health and medical sectors in Oman.

It is a common platform that brings together different segments of the health and medical industry to explore new opportunities, showcase the latest technologies, services and facilities, and leverage potential for trade and investment.

 

 

 

 

<div>Danish Companies Willing to Finance Iran's Renewable Energy Projects</div>

TEHRAN (FNA)- Danish companies have voiced their willingness to invest $1 billion in developing renewable energy projects in Iran, a senior energy official said.

"Denmark's giant energy companies, including Siemens and Vestas, will contribute to implementing wind energy projects in Iran," President of the Iran Renewable and Wind Energy Association (IRWEA) Hashem Orayee told reporters.

The official reiterated that the Iranian Parliament has also approved the Danish investment plan, but it is yet to be implemented.

Orayee pointed to the development of renewable energy over past decade, and said, "By increasing the share of renewables, Denmark currently meets 43 percent of its electricity demands from renewable sources."

He underlined that the US, China and many European countries plan to cut dependence on fossil fuels,' and said, "By 2025, all of the electricity will be met from renewable energy sources."

Orayee reiterated that most countries prefer to establish fewer thermal power plants, and said, "Wind and solar energy are replacing the oil and gas in generating power,"

"Iran can generate 50 percent of its electricity from wind and solar energy by enabling its capacities," he added.

Orayee reiterated that the Iranian government plans to cede renewable energy projects to the private sector and will support Iranian companies in this respect.

In relevant remarks in late February 2016, Danish Ambassador to Iran Danny Annan said his country is set to invest in the Northwestern province of Zanjan.

Addressing a gathering of economic activists in Zanjan, Ambassador Annan voiced his country’s readiness to make various investments in the province, adding that excellent investment opportunities exist in Zanjan which need to be properly exploited in line with expansion of bilateral ties.

He pointed to the rich mineral resources of Zanjan, confirming that the mining sector remains as the most important area for Denmark to make investments while Zanjan offers good opportunities in the agricultural sector too.

“Danish investors hold contracts with largest Iranian dairy companies,” underlined the official emphasizing the need to facilitate the entry of foreign investors to the market.

Denmark has also announced willingness to build a wind-turbine production plant in Iran and expand bilateral cooperation in development of domestic renewable energy sector.

The long-term objective pursued by the Danish plant construction proposal is to turn Iran into a production hub, from which products can be exported to other regional countries, said Energy Minister Hamid Chitchian following his meeting with Danish Minister of Foreign Affairs Kristian Jensen.

He added that the main aim of the meeting was to represent the investment opportunities of the Iranian water and energy sectors to Danish financiers.

 

 

 

 

Iran Triples Non-Oil Export to Indonesia in 6 months

TEHRAN (FNA)- Iran’s non-oil exports to Indonesia have increased by over threefold, a senior official said.

"We have seen a 377% rise over a period of 6 months ending on September 21," Iran's Commercial Attaché in Indonesia Anvar Karami said.

He noted that Iran’s exports to Indonesia, excluding crude oil, hit $244.4 million in the first half of the current Iranian year that ended September 21.

"In comparison with a $51 million in the same period in 2016, Iran's non-oil exports have witnesses 377 percent rise.

Both Iran and Indonesia have already announced serious plans to boost the level of their trade to as high as $2 billion.

Indonesia’s President Joko Widodo visited Tehran in mid-December 2016 and numerous agreements were signed by the officials of the two countries during that visit.

 

 

 

 

<div>Iran, Turkey Agree to Use Nat'l Currencies in Trade Transactions</div>

TEHRAN (FNA)- Governor of the Central Bank of Iran (CBI) Valiollah Seif and his Turkish counterpart Murat Cetinkaya in a meeting in Ankara approved the draft of a memorandum of understanding (MoU) to use their national currencies in their transactions.

Seif and Cetinkaya reached the agreement with the with the aim to facilitate trade with the national currencies of the two countries in order to finance trade and direct investment between the two countries.

Under the terms of the MoU, rial of Iran and Turkey’s lira will be easily converted to each other and the issue will reduce cost of currency conversion and transfer for traders of both sides alleviating the need for other currencies.

In other words, the two central banks will be able to use international payment instruments, including credits and negotiable ones, to finance trade in national and local currencies, as envisaged in the agreement.

Also during the one-day visit of Seif, an agreement was inked between Iran’s CBI on behalf of the government and the EBA Economic Development and Trade Bank. The signing ceremony was attended by senior banking officials from both countries.

In a relevant development in September, Iranian President Hassan Rouhani in a meeting with his Turkish counterpart Recep Tayyip Erdogan in Astana called for developing mutual cooperation, specially in economic and trade fields.

"Facilitating banking transactions is an important platform for developing ties and cooperation between Tehran and Ankara,” President Rouhani said during the meeting in Kazakhstan capital.

President Erdogan, for his part, underlined the need for boosting trade exchanges between Iran and Turkey.

 

 

 

 

Minister: Iran-Georgia Trade Balance Rises 50 Percent in 2 Years

TEHRAN (FNA)- A senior Iranian official said that Tehran and Tbilisi have considerably increased the volume of their trade transactions over the past two years.

"Iran-Georgia trade balance hit $131 million over past 24 months, showing an increase of 50 percent," Iranian Labor and Cooperative Minister Ali Rabiyee said on Monday.

Rabiyee, also Chairman of Iran-Georgia Joint Economic Commission, said that after a meeting with Georgian Prime Minister and Minister of Finance Giorgi Kvirikashvili in Tbilisi, we agreed to raise the volume of trade transactions by twofold.

He underlined that both sides voiced their political support for each other in various fields, including economy, energy, transportation and other joint projects.

Sixth Meeting of Iran-Georgia Joint Commission kicked off in Tbilisi on Monday and will wrap up on Tuesday.

Iran-Georgia exchanges over the past two years have reached $131 million of which $83 million are exports from Iran to Georgia.

 

 

 

 

Iran, Oman Opt for Expanding Information Technology Cooperation

TEHRAN (FNA)- Iranian and Omani officials in a meeting in Muscat agreed to expand their mutual cooperation in the field of information technology.

During the meeting in the Omani capital on Monday, a delegation from Iranian vice president's office for science and technology headed by Ali Morteza Birang and senior Omani officials explored avenues for the expansion of mutual cooperation in the technical field, specially in information technology.

The two countries reached agreement to expand bilateral relations in information technology following the visit by an Iranian delegation of knowledge-based companies to Oman.

In a relevant development last week, a trade delegation visited Oman at the official invitation of head of the Research Council of Oman as the country’s highest-ranking technology institute.

Birang said the three-day visit had a special focus on two key issues, including  holding of the second session of a joint technology working group with the Research Council of Oman in which the previous agreements were discussed and pursued.

"Following the programs of the joint working group, a memorandum of understanding was signed between Pardis Technology Park of Iran and Innovation Park Muscat to exchange of workspace between the two countries as well as having a representative of the other side located at the park," he added.

Other topics raised with the Omani side included voicing readiness for organizing a specialized workshop in Muscat, the admission of Omani student through scholarships, the establishment of a cognitive science lab and the definition of a joint research project.

The next year’s meeting on exchange of scientific and technological experiences of Islamic countries will be held in Muscat.

 

 

 

 

Zangeneh Appoints New Deputy for Refining Affairs

By editor on in Oil & Gas

Iranian Minister of Petroleum Bijan Zangeneh has appointing Alireza Sadiqabadi as his deputy in oil products refining and distribution affairs.

Holder of the post will also serve as managing director of the National Iranian Oil Products Distribution and Refining Company.

Sadiqabadi, 37, replaced Abbas Kazemi who held the post for 4 years.

Previously, Sadiqabadi was the managing director of Siraf Refineries Infrastructure Company (SRIC).

Siraf Refining Park is a major gas condensate refinery project with the production capacity of 480,000 b/d of the item.

(Source: Shana)

Iran to Block Israeli App?

Tags: featured, National Iranian Oil Products Distribution and Refining Company, Siraf Refineries Infrastructure Company (SRIC)

Iran to Block Israeli App?

By editor on in Communication, Politics, Security

By John Lee.

Iran is reportedly prepared to block the traffic and navigation app Waze because it was created in Israel.

According to Mobile World Live, the app was briefly blocked in the country in March, because it “raised concerns”, but the ban was soon revoked.

Now the secretary of the ‎Committee for Determining Criminal Web Content, Abdolsamad Khorramabadi, has said he wants the Information and Communications Technology Ministry to block the app.

More here.

(Source: Mobile World Live)

Iran’s Yazd Tire to supply Renault

Zangeneh Appoints New Deputy for Refining Affairs

Tags: Apps, featured, Israel, sat nav, Waze

Iran’s Yazd Tire to supply Renault

By editor on in Industry

By John Lee.

Renault‘s Algerian subsidiary, Renault Algérie,  will buy 50,000 tyres from Iranian tyre maker Yazd Rubber Industries Complex.

Yazd is also said to be in negotiations with Volkswagen following the German company’s entry into Iran.

(Source: Tyrepress)

Iran Weary of Trump’s Plans in Iraqi Kurdistan

Iran to Block Israeli App?

Tags: Algeria, featured, France, Germany, Renault, tyres, Volkswagen, Yazd, Yazd Rubber Industries Complex, Yazd Tire

Iran Weary of Trump’s Plans in Iraqi Kurdistan

By editor on in Politics, Security

By Fazel Hawramy, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News.

More than two weeks after the Sept. 25 independence referendum in Iraqi Kurdistan, Iran has yet to take any meaningful action against the Kurdish region despite its rhetoric, including Supreme Leader Ayatollah Ali Khamenei’s labeling of the plebiscite as treason and a threat to the region in his meeting with Turkish President Recep Tayyip Erdogan on Oct. 4.

“The perspective of the American and European states is completely different from the Turkish and Iranian perspective,” Khamenei told his guest, emphasizing that Israel and the United States are the main beneficiaries of an independent Kurdistan. “America is interested in having a pressure card at its disposal against Iran and Turkey; therefore, there can be no trust in the Americans and Europeans and their positions.”

While Iranian officials, including Quds Force commander Qasem Soleimani, have not hidden their anger and frustration at the way the Iraqi Kurdish leadership handled the referendum, they appear to be wary of a possible US plan to change the borders of the region in favor of the Kurds. Indeed, the line that Washington has a secret plan for the Middle East has been echoed by various former and also the current head of Iran’s Islamic Revolutionary Guards Corps (IRGC).

“We believe that the creation of … a new state in the region is the wish of the system of domination headed by the Americans and the Zionists,” said former IRGC commander Yahya Rahim Safavi on Oct. 4. Safavi, who now serves as a senior military adviser to Ayatollah Khamenei — the commander in chief of the Islamic Republic — believes that the United States wants constant tension around Iran’s borders with Iraq and Turkey, and also Syria, as an excuse to keep a foothold in the vicinity.

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IMF Forecasts Economic Slump for Iran in 2017

Iran’s Yazd Tire to supply Renault

Tags: Donald Trump, featured, Iraq, Iraqi Kurdistan, Islamic Revolutionary Guards Corp (IRGC), Kurdistan, Turkey, United States

Azadegan Oilfield Tender Delayed Again

By editor on in Oil & Gas

By John Lee.

The managing director of the National Iranian Oil Company (NIOC) has said that a tender to develop the Azadegan oilfield will not take place this year.

Ali Kardor told ISNA news agency that oil companies are still assessing the technical surveys relating to the field, which is shared with Iraq.

(Source: Reuters)

Italian Group Buys into Iranian Asset Management Firm

IMF Forecasts Economic Slump for Iran in 2017

Tags: Azadegan oilfield, featured, National Iranian Oil Company (NIOC), tenders

Italian Group Buys into Iranian Asset Management Firm

Italian asset manager Azimut Group has signed an agreement to acquire 20 percent of Mofid Entekhab, the largest independent asset management company of Iran, which is part of the Mofid Group, the largest brokerage firm and financial advisory in the country.

At the same time, Azimut and Mofid Securities have signed a shareholders agreement to develop an onshore financial advisory platform and establish an offshore fund enabling foreign investors to access Iranian capital markets.

Azimut is the first global financial institution entering with an equity investment into acompany providing financial services licensed by the local regulator, SEO, in Iran.

Entekhab, founded in 2016, is the carve out of the asset management business of Mofid Securities with AUM of USD 89 million at the end of September 2017 distributed between 6 mutual funds and managed accounts.

Mofid Securities is the market leader among Iranian brokerage companies with more than 300,000 customers and a market share of approximately 7% as of September 2017among 107 brokerage firms. Entekhab has an 8% market share for equity funds and is the largest independent asset management company in Iran.

The Islamic Republic of Iran is the second largest economy in the Middle East with an 80 million population and a GDP-PPP adjusted of USD 1.5 trillion as of 2016 (18th world’s largest).

After the lifting of international sanctions in 2016, Iran is expected to grow above 4% per annum through 2020. Iran is one of a kind opportunity for global asset management companies being underpinned by:

(i) strong demographics (60% population below 30 years) including aneducated population (58% enrolment ratio at local universities) with a high degree of urbanization (74% of population living in cities),

(ii) high GDP-PPP adjustedper capita (USD 17,000 at par with Brazil and SouthAfrica),

(iii) low capitalization of the economy (equity market account 8% of GDP versus 29% in Turkey and 44% in Brazil),

(iv) structural limitations for local banks to raise capital through local deposits and

(v) high entry barrier for foreign investors.

The progressive integration of Iranian banking institutions within the global banking system is expected to underpin material FDIs (currently below 0.5% of GDP versus approximately 2.0% in Turkey and 4.0% in Brazil) which will support the Country’s long term economic growth.

Pages: 1 2

IMIDRO in Mining Deal with Czech Republic

By editor on in Construction

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) signed a memorandum of understanding (MoU) with the Czech Republic to boost cooperation in the mining industry.

The document was signed in a meeting in Tehran between IMIDRO Managing Director Mehdi Karbasian and Czech Deputy Minister of Industry and Trade Eduard Muricky.

The MoU includes the exchange of knowledge and technical data between IMIDRO and the Czech Ministry of Industry and Trade.

Speaking at the meeting, Karbasian said, “The Czech Republic has good capacity in technology of mining machineries and equipment and we are willing to develop ties with the country.”

“Formation of joint working groups for mining cooperation can pave the way for the exchanging experience and the latest mineral and industrial technologies between the two countries,” he added.

The agreement comes against the backdrop of a new wave of interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear program and started implementing it on January 16, 2016.

The comprehensive nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

(Source: Tasnim, under Creative Commons licence)

Iran, Turkey to Finalize Currency Swap Deal

Italian Group Buys into Iranian Asset Management Firm

Tags: Czech Republic, featured, Iranian Mines & Mining Industries Development & Renovation (IMIDRO), mining

Iran, Turkey to Finalize Currency Swap Deal

By editor on in Finance

The Governor of the Central Bank of Iran (CBI) Valiollah Seif, who is on an official visit to neighboring Turkey, said the two countries plan to finalize their trade exchanges based on currency swap.

In remarks released on Tuesday, Seif referred to efforts to realize the goal of $30 billion of annual bilateral trade between Iran and Turkey, saying necessary technical studies have been carried out in the banking field.

He further expressed the hope that “this great goal” will be realized as soon as possible with the development of banking exchanges between the two countries.

“We are trying to finalize… trade exchanges on the basis of currency swap with the Turkish side at the earliest opportunity and sign the necessary documents at the first meeting of the joint economic commission of the two countries that will be held soon,” he said.

Iran and Turkey have ramped up efforts to boost bilateral trade since the implementation of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

The deal took effect in January 2016, terminating all nuclear-related sanctions on Iran.

In April last year, Iran and Turkey signed eight memorandums of understanding (MoUs) to strengthen bilateral cooperation in various areas.

The cooperation documents were signed in a ceremony in Ankara attended by the two countries’ presidents.

The documents covered a range of fields, including higher education, social security, plant maintenance services and standardization.

(Source: Tasnim, under Creative Commons licence)

Iranian Universities enter Iraq

IMIDRO in Mining Deal with Czech Republic

Tags: Central Bank of Iran (CBI), featured, Turkey

Iranian Universities enter Iraq

By editor on in Education

By Zep Kalb for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News.

In the aftermath of the US-led invasion of Iraq in 2003, the country’s educational system all but collapsed. Illiteracy rates have exploded. Universities have turned into sectarian battlegrounds.

Systemic violence — including beatings, rape and death threats — has forced students and faculty out of campuses. As state provision of higher education has receded, private donors have set up alternative institutions, often with a sectarian and religious twist. Foreign actors have also stepped in to fill the void.

Before the US-led invasion, education indicators in oil-rich, Baathist-controlled Iraq improved similarly as in other middle-income countries, and in several ways even more so. The country’s first university, Baghdad University, opened its doors in 1957. In 1968, the government made education free and compulsory at all levels.

In 1977, the eradication of illiteracy was made legally binding. The developmental push appeared to be working. By 1980, Iraq had already achieved near universal primary school enrollment.

Saddam Hussein’s devastating eight-year war with Iran in the 1980s and the sanctions imposed by the West over his invasion of Kuwait in the 1990s slowed these gains.

By 2000, the literacy rate of youth aged 15-24 years old stood at 84.8%, slightly higher than that of regional neighbor Egypt. The gender gap was also narrowing: Female literacy rates stood at 80.5% in 2000, a figure Egypt reached only in 2006. At the same time, underinvestment in education by a cash-strapped government led to an aged and creaking infrastructure.

For all its ills, the collapse of the Baathist regime in 2003 and its replacement with a US-installed government wrecked the country’s educational system. Junior, inexperienced American officers who failed to understand the complexities of maintaining peace between the sects were put in charge of higher education.

Pages: 1 2 3 4

Iran, Armenia Discuss Expansion of Energy Cooperation

Iran, Turkey to Finalize Currency Swap Deal

Tags: Al-Mustafa Al-Amin University, American University of Iraq (AUI), Egypt, featured, Iraq, Kuwait, Lebanon, United Kingdom, United States, universities

Iran raises November light crude price for Asia

TEHRAN – Iran has raised its light crude’s official November selling prices for Asia at 80 cents above the Oman/Dubai average for the same month, Reuters reported quoting an industry source with direct knowledge of the matter.

November price is 30 cents higher than the price set for the previous month which was 50 cents above the Oman/Dubai average.
Meanwhile, the country reduced its heavy crude’s official selling price (OSP) for November by 10 cents to fall $1.09 below the Oman/Dubai average for this month.

OPEC’s third largest oil producer changed the pricing formula for its Soroush grade in August in a way that it is now priced against the Oman/Dubai average.

With a 30 cent rise, the price of Iranian light oil for the northwest Europe market is also set $2.65 lower than Brent index for November. 

After the implementation of the nuclear accord (called JCPOA) in January 2016, Iran has been seeking to expand its target markets. Since then, oil exports to Europe have risen by more than 300 percent.

Exempted from the OPEC, non-OPEC curbs, Iran has increased its crude output to 3.79 million barrels per day (bpd) in August from 3.78 million bpd in July.

EF/MA
 

Iran, Vietnam to open joint chamber of commerce in 2 months

TEHRAN- Iranian Deputy Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Mohammadreza Karbasi announced that Iran-Vietnam Joint Chamber of Commerce will be inaugurated within the next two months, IRIB news reported on Wednesday.

Karbasi, who led an ICCIMA delegation to Vietnam, in a meeting with the head of Vietnam-Iran Joint Council, called for expansion of ties between the two countries.

During the meeting, the Vietnamese official, for his part, said that his country’s trade with Iran is planned to hit $2 billion per annum and Vietnamese banks are ready to boost relation with Iranian counterparts.
 
HJ/MA

Iran’s September oil output at 3.827m bpd: OPEC

TEHRAN- According to OPEC’s latest monthly report published on October 11, oil production in Iran stood at 3.827 million barrels per day (bpd) in September, increasing 1,000 bpd from 3.826 million bpd in August, based on secondary sources.

The OPEC’s report also announced Iran’s oil output based on direct communication. It said the country’s oil production in September stood at 3.848 million bpd, a 3,000 bpd rise from 3.845 million bpd in August.

Meanwhile, the report put the country’s heavy oil price at $52.27 in September, an increase of $3.57 or 7.3 percent from $48.7 in August.

EF/MA

Renault planning for long-term presence in Iran: CEO

TEHRAN- Carlos Ghosn, the CEO of Renault, announced that his company has a long-term serious plan for presence in the Iranian market.

Making the remarks during a press conference in Paris last week on revealing the company’s mid-term plan, the CEO underlined the significance of Iranian market and stressed that Renault will not leave the country, public relations department of Renault’s office in Tehran reported on Wednesday. 

According to the company’s plan, Renault’s production for Iranian market will reach over 250,000 cars per annum during six years. Also, manufacturing capacity of Renault cars inside Iran will increase by 150,000 vehicles. 

Based on this plan, in addition to introducing new products, Renault will develop its distribution network in Iran in a way that it will gain over 15 percent of the market within six years.

Last year, Renault experienced its best performance in Iran during its non-stop presence in the Middle East country since 2004, as the company hit a record of production and sales in this market. The French carmaker also registered some new records in Iran during the first nine months of 2017.

MA
 

Germany to fund 100MW solar farm in Iran

TEHRAN – An Iranian-German company is going to finance a 100-megawatts solar farm worth $120 million in Iranian central province of Yazd, IRNA reported on Wednesday.

According to the managing director of the company this solar farm is part of a 500MW project which is due to be implemented in Iran by the company.

The first phase of the 100MW solar farm with a capacity of 10MW will be implemented by the end of the current Iranian calendar year (March 2018).

EF/MA

About Us

There are currently very few countries in the world with Irans conditions and opportunities for investment. After decades of sanctions and separation from international markets, Iran is now ready to take advantage of these opportunities.

These days the top story of some of the worlds most important news media states, Now that a general agreement has been reached on the nuclear issue between Iran and the P5+1, international investors are lining up behind Irans closed doors, ready to enter this countrys market. Once Irans doors open to international financial activities millions, or maybe billions of dollars will flow into the country Economic players in Iran are waiting with open arms for international investors.How to invest in iran Blog is proud to present you with information about Iran and its investment opportunities, standing by your side as a consultant, and a strategic partner, creating the groundwork for a satisfactory experience in Iran.

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We deliver exceptional insight and advice based on the highest standards of consulting practice using our 10 years of experience in the field. Our perfect blend of proprietary market entry solutions, strong local connections and expertise will assist you with maximizing your business potential in Iran. You can take advantage of our “real touch of the market” and break down entry barriers into the market. We make sure that you avoid making the wrong deals and provide you with Do’s and Don’ts of doing business in our country.

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