Iran Investment Opportunities, Investment in Iran,Iran Investment,Invest in Iran Market,Iran Investment Guide,How to Invest in Iran,Invest in Iranian Market

Who we are ?

Our experience base, skilled work-force, technical resources, networking capabilities, internal flexibility and global partners maximize solution efficacy.

Why Invest in Iran ?

There is no doubt, Iran has a lot of potential. It is a country that boasts a domestic market of 70 million people, 11% of the world’s proven oil reserves, 15% of the world’s proven gas reserves, 11 petrochemical complexes, 3 major steel plants and much more.

Best Investment in Iran !

Based on the client requirement, different investment plans suits and fulfill your business and invest requirement.

Education

Highest education rate in region

Low Costs

Cheap and abundant raw materials, energy and transportation

Connected

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

Tax Free Zones

Iran has dozens of Tax Free & Special Economy zones

Iran’s fisheries products exports increase by 60 pct

ماهي و شيلات

Tehran (ISNA) - The exports of Iranian fisheries products have increased by 60 percent over the past four months, the head of Iran Fisheries Organization announced.

“Iran exported $412 million worth of fisheries products to various countries of the world during the past four months. We also saw a decline in the import of marine products by 30 percent,” the head of Iran Fisheries Organization Hassan Salehi said.

“The Islamic Republic of Iran has about one percent of the world's population and 1.90 million tons of aquatic species are produced and fished in the country, while our production is half a percent of the world's share,” he went on to say.

End Item

23% growth in trading value in IME

Tehran (ISNA) - During weekdays ending up to September 7, while 469,565 MT of commodities worth over 260.4 million USD were traded in Iran Mercantile Exchange, trading value and volume experienced a growth of 23% and 7%, respectively.

According to the report from IME International Affairs and PR, last week, on the domestic and export metal and mineral trading floor of IME, 154,180 MT of various products worth close to 114 million USD were traded.

On this trading floor, 30,000 MT of iron ore, 109,170 MT of steel products, 5,200 MT of aluminum, 9,570 MT of copper, 140 MT of molybdenum concentrates as well as 100 MT of zinc were traded.

The report declares that on domestic and export oil and petrochemical trading floors of IME, 240,622 MT of different commodities with the total value of 124 million USD were traded.

On this trading floor, more than 72,690 MT of bitumen, 53,363 MT of polymer products, 74,500 MT of VB feed stock as well as 13,500 MT of lube-cut oil, 22,121 MT of chemical products, 1,000 MT of sulfur, 1,012 MT of base oil and slack waxes and 2,437 MT of insulation were traded.

Moreover, on the agricultural trading floor of IME, 72,269 MT of various commodities worth over 21.8 million USD were traded. On this trading floor, 1,242 MT of feed barley, 67,603 MT of wheat, 4,300 MT of sugar and 123,000 day oil chicks were traded by customers.

It is worth noting that during the first week of September, the side market of IME witnessed trading of 970 MT of phosphate concentrate, 457 MT of metal scrape, 47 MT of used locomotive oil, 16 MT of Polymeric methylene di-phenyl diisocyanate OFF grade 1 as well as 3 MT of empty barrels.

End Item

<div>Russia Asks for Iran's Flight Check Services</div>

Economy

Russia Asks for Iran's Flight Check Services

Russia Asks for Iran's Flight Check Services

TEHRAN (FNA)- Managing Director of Iran Airports and Air Navigation Company Rahmatollah Mahabadi announced that Russia is willing to use Iran's flight check services.

"One of the Russian firms has asked Iran Airports and Air Navigation Company's flight check services department for these services," Mahabadi said on Sunday.

He added that the Russian company raised the demand on the sidelines of the Aeropersia International Civil Aviation Exhibition in Tehran.

Iran and Russia have developed their cooperation in air industry.

The Industrial Development and Renovation Organization (IDRO) of Iran is due to build helicopters certified for civilian use in cooperation with a Russian company.

"IDRO has signed a contract with the Russian Helicopters company to produce civil helicopters," Deputy Head of IDRO Abolfazl Kiyani Bakhtiyari said in July.

Noting that the Russians will start the project to manufacture helicopters in joint investment with Iran, he said that IDRO and the Russian firm will eventually cooperate in the production of civil helicopters.

 

 

 

 

Senior MP: US Blocking Airplane Sale to Iran Violation of Nuclear Deal

TEHRAN (FNA)- Head of the Iranian Parliament's National Security and Foreign Policy Commission Alaeddin Boroujerdi blasted Washington for blocking sales of aircraft to Iran, calling it a flagrant violation of the nuclear deal.

Boroujerdi's remarks came in reaction to a recent move by the US House of Representatives in voting in favor of measures that prevent the Office of Foreign Assets Control (OFAC) from clearing licenses to allow aircraft sales to Iran while also prohibit the use of funds to authorize the required financial transactions.

"The sale of aircraft to Iran has been included in the text and appendixes of the nuclear deal, therefore the US House’s measure clearly violates the Joint Comprehensive Plan of Action (JCPOA)," Boroujerdi said.

The senior lawmaker said that it may be true that the move is still in its initial stage and requires the approval of US Senate to be finalized, but the measure is wrong from the very first step and needs to be corrected.

Boroujerdi maintained that other signatories to the deal as well as the UN Security Council must protest against the US move.

“Iran has always relied on its own to solve sanction-related issues and is not waiting for the US decision, but this issue is our right and there is a legal act for it, therefore the US violation must be responded to with seriousness,” he said.

“I hope the committee observing the implementation of the JCPOA will take an appropriate decision about this issue,” Boroujerdi added.

US Republican Representative Peter Roskam said the measure would remain in place until "Iran ends its support to Syrian President Bashar Assad".

In relevant remarks in late August, Foreign Ministry Spokesman categorically dismissed the anti-Iran remarks made by his US counterpart Heather Nauert and advised Washington to play a more realistic role on the nuclear deal signed between Tehran and the six world powers.

"We are not surprised by the repetitive and unrealistic remarks made by this American official (Nauert), and are aware of the intentions and goals behind repeating such baseless and groundless claims and accusations raised by various US officials against the Islamic Republic of Iran," Qassemi said."

"We advise the American side to be realistic about Iran’s unique role in the fight against terrorism in the Middle East," Qassemi added.

He further referred to Nauert’s claims about Iran’s violation of the nuclear deal, and said, "It is not difficult to prove the Islamic Republic’s compliance with the spirit and text of the Joint Comprehensive Plan of Action (JCPOA) which has been repeatedly confirmed by the International Atomic Energy Agency (IAEA) and other parties to the deal."

Nauert had said Washington was reviewing its policy toward Iran and that it believes the nuclear deal didn't put an end to what she called as Tehran's other "destabilizing activities" in the region.

 

 

 

 

Iran’s Renewable Energy Revenues to Hit $60bln

TEHRAN (FNA)- Iran expects its installed renewable power capacity barring hydropower to surpass 700 megawatts at the end of the current Iranian year in March 2018, a senior energy official said.

"Iran currently has 77,000 megawatts of power capacity, of which 360 megawatts is renewable energy. Most of the electricity generated in the country comes from thermal power plants which use fossil fuel, Deputy Energy Minister Houshang Fallahatian said.

He said that renewable energy, including hydropower, accounts for about 6 percent of the overall electricity produced in the country where 90% of the fuel used in power plants is natural gas.

“We have planned to allocate part of the country's electricity basket to renewables and as a result, we have decided to bring 1000 MW of renewable energy to the national grid each year in the next five years if possible and raise the country's renewable power capacity to 5,000 MW,” Fallahatian has said.

This paltry figure in a country with over 300 sunny days and an average of 2800 hours of sunshine is while air pollution in major cities, especially in the capital Tehran, has turned into a major dilemma in recent years.

Iran is one of the most energy-intensive countries in the world, where inefficient energy use amid consumer subsidies has resulted in a per capita energy consumption which is ten times greater than that in the European Union.

The national energy blueprint is now based on expanding renewable power generation and improving energy efficiency by reducing domestic hydrocarbon use which would free up more oil and gas for export.

Energy producers from Germany, Italy, India, South Korea, Japan, Spain, China, and Switzerland have visited the country to test the waters for possible investment.

The country also has approximately 141 megawatts of installed wind power. According to SUNA, there are only 15 wind farms in Iran where 100,000 megawatts of potential capacity exists from wind alone.

Officials say more than 4,000 megawatts of renewable capacity to be built by 2020 is expected to come from wind power.

 

 

 

 

Shell Preparing to Ink Major Oil Deal with Iran to Develop Azadegan Oilfield

TEHRAN (FNA)- Royal Dutch Shell is preparing to bid for developing Iran's giant Azadegan field after putting an end to a century of oil production in neighboring Iraq.

Shell has submitted the results of its feasibility studies on South Azadegan and Yadavaran fields to the National Iranian Oil Company (NIOC), the Iranian Oil Ministry announced.

Both Azadegan and Yadavaran oilfields lie across the Iraqi border in Iran's strategic West Karoun oil cluster.

Shell signed a basic agreement with NIOC in December 2016 to study the investment potentials in South Azadegan and Yadavaran as well as Kish gas field.

South Azadegan, discovered in 2001, has recoverable reserves of about 2 billion barrels. It is believed to be connected with Iraq’s Majnoon field from which Shell has decided to withdraw.

The decision announced by Shell on Wednesday came after long-running talks on a planned output expansion from current levels of 220,000 barrels per day appeared to founder.

The Anglo-Dutch firm said it had agreed with Iraq’s oil ministry to relinquish operations at Majnoon field to the government after unfavorable changes to fiscal terms.

Shell is also selling its 20 percent stake in West Qurna 1 oil field in southern Iraq which is operated by Exxon Mobil.

Yadavaran – which was once described as the crown jewel of Iran’s oil projects – has recoverable reserves of 3 billion barrels.

South Azadegan and Yadavaran are located in Iran’s southwestern oil-rich province of Khouzestan and already have an early production of 40,000 bpd and 85,000 bpd, respectively.  Both are expected to boost Iran’s oil production capacity by above 600,000 bpd significantly once fully developed within the next three years.

 

 

 

 

Bulgaria Calls for Broadening of Tourism Cooperation with Iran

TEHRAN (FNA)- Bulgarian Deputy Tourism Minister Irena Georgieva underlined the need for broadening cooperation with Iran in exchanging tourists.

"Bulgaria is keen to have close relations with Iranian tourism and travel agencies," Georgieva said in a meeting with Iran's Cultural Attaché to Bulgaria Mohammad Ali Kiani.

She also voiced he country's readiness to sign cooperation document between Iran and Bulgaria.

"About 18,569 Iranian tourists visited Bulgaria during the first seven months of 2017 which show 10.5 percent rise compared with the same period last year," Georgieva added.

Kiani, for his part, voiced his country's readiness to expand tourism cooperation with Iran.

In relevant remarks in early March, Iranian First Vice President Eshaq Jahangiri underlined that his country considers broadening of relations with Bulgaria as highly important.

"I hope to witness the expansion of Tehran-Sofia relations," Jahangiri said in a message to Bulgarian Prime Minister Ognyan Gerdzhikov.

He reiterated that the private sectors of the two countries have vast capacities for boosting trade exchanges.

 

 

 

 

Iran, China Ink €15bln Banking MoU

TEHRAN (FNA)- The Central Bank of Iran (CBI) and China Development Bank (CDB) signed a memorandum of understanding (MoU) worth 15 billion euros to provide financing facilities for development projects.

The MoU, in addition to defining framework of cooperation between Iranian and Chinese banks, provides a basis for long-term ties with China Development Bank in technical, operational and human resource training areas.

CBI Governor Valiollah Seif who is China now in meeting with CDB Chairman Hu Huaibang, voiced satisfaction towards collaboration between the two sides for financing the project of electrifying Tehran-Mashhad railway.

Seif reiterated that the expansion of relations opens a new chapter in Iran-China trade and financial ties and that the supports offered by the Chinese banks are worth appreciation.

In a relevant development on Friday, China signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects.

The agreement was signed between China’s CITIC Trust and a consortium of Iranian banks that included Bank of Industry and Mine, Refah Bank, Parsian Bank, Bank Pasargad and Export Development Bank of Iran.

Based on it, CITIC would provide loans to the Iranian banks to fund projects in areas such as energy, natural environment, transportation and the management of water resources.

Seif who oversaw the signing of the agreement said that the Iranian banks could start receiving loans from CITIC as early as October.

The CBI governor emphasized that the CBI had shown “extensive flexibilities” towards CITIC in sealing the agreement.

He added that this was based on the bank’s history of positive cooperation with the Islamic Republic without elaborating what those flexibilities constituted.

Last September, Iranian nedia quoted a CITIC official as saying that the enterprise was considering to provide Iran with $10 billion of financing, mostly in the country’s steel, copper and coal projects.

The official, identified as Zhou Yafang by the English-language newspaper the Financial Tribune, added that the Chinese government was expected to issue the required permits by the end of 2016 and that the financing process would start in 2017.

Zhou had also emphasized that the financing is fully backed by China Export and Credit Insurance Corporation known as Sinosure.

The Beijing-based CITIC Trust is a state-owned investment company established in 1979. It now owns 44 subsidiaries, including China CITIC Bank, CITIC Holding, CITIC Trust Co. and CITIC Merchant Co. Ltd in China, Hong Kong, the United States, Canada, Australia and New Zealand.

 

 

 

 

China Inks Deal to Provide Iran with $10bn in Loans

TEHRAN (FNA)- China signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects.

The agreement was signed between China’s CITIC Trust and a consortium of Iranian banks that included Bank of Industry and Mine, Refah Bank, Parsian Bank, Bank Pasargad and Export Development Bank of Iran.

Based on it, CITIC would provide loans to the Iranian banks to fund projects in areas such as energy, natural environment, transportation and the management of water resources.

Governor of the Central Bank of Iran (CBI) Valiollah Seif who oversaw the signing of the agreement said that the Iranian banks could start receiving loans from CITIC as early as October.

Seif emphasized that the CBI had shown “extensive flexibilities” towards CITIC in sealing the agreement.

He added that this was based on the bank’s history of positive cooperation with the Islamic Republic without elaborating what those flexibilities constituted.

Last September, Iranian quoted a CITIC official as saying that the enterprise was considering to provide Iran with $10 billion of financing, mostly in the country’s steel, copper and coal projects.

The official, identified as Zhou Yafang by the English-language newspaper the Financial Tribune, added that the Chinese government was expected to issue the required permits by the end of 2016 and that the financing process would start in 2017.

Zhou had also emphasized that the financing is fully backed by China Export and Credit Insurance Corporation known as Sinosure.

The Beijing-based CITIC Trust is a state-owned investment company established in 1979. It now owns 44 subsidiaries, including China CITIC Bank, CITIC Holding, CITIC Trust Co. and CITIC Merchant Co. Ltd in China, Hong Kong, the United States, Canada, Australia and New Zealand.

 

 

 

 

South Korea’s Imports of Iran Oil Up by 40 Percent in August

TEHRAN (FNA)- Latest official figures indicated that South Korea’s imports of crude oil from Iran saw a sharp increase of above 40 percent last month.

South Korea, the world's fifth-biggest crude importer, brought in 1.55 million tons of Iranian crude last month, or 365,641 barrels per day (bpd), compared with 1.1 million tons in the same month in 2016.

Meanwhile, South Korea imported 4.05 million tons of crude, or 957,283 bpd from Saudi Arabia, up 9.8 percent from 3.69 million tons a year ago, data showed.

Overall, South Korea's total crude imports in August rose 17.7 percent to 13.55 million tons, or 3.20 million bpd, according to the data reported by Reuters.

In January-August of 2017, South Korea shipped in 98.23 million tons of crude, or 2.96 million bpd, up 3.9 percent from 94.55 million tons over the same period last year.

South Korea, one of Iran's major Asian clients, mainly purchases an ultra-light oil, also known as condensate, from Iran, but a breakdown of imports is not available. It uses condensate to produce more expensive fuels like naphtha.

For Asian buyers, Iran set the official selling prices of its light and heavy grades at 18 cents and $1.17 respectively below the Oman/Dubai average for August, while it raised September Iranian Light oil prices 20 cents higher than those in August, Reuters added.

Previous figures had shown that South Korea’s imports of oil from Iran over the first seven months of the year had increased by around 48 percent.

Figures showed that the country had imported 10.67 million tons of Iranian crude from January to July, or 368,952 barrels per day, from 7.22 million tons in 2016.

 

 

 

 

Iran, China Opt for Boosting Banking Cooperation

TEHRAN (FNA)- Governor of the Central Bank of Iran Valiollah Seif is in China to confer with senior Chinese officials on finding ways to broaden banking cooperation between Tehran and Beijing.

Seif, heading a high-ranking delegation, left Tehran for Beijing on Thursday and he is expected to sign agreements and memoranda of understanding (MoUs) with Chinese banking officials, including a ten-billion-dollar agreement to finance construction and manufacturing projects in Iran.

A memorandum of understanding, worth 15 billion euros, is also expected to be signed between representatives of the Iranian banks and China's Development Bank.

The two sides will also try to solve banking problems faced by Iranian companies working in china.

In a relevant development in early August, Tehran and Beijing signed a memorandum of understanding (MoU) to expand their economic cooperation.

The MoU was signed between Iran-China Chamber of Commerce and China Chamber of Export and Import of Food Products on the sidelines of a two-day international conference on dried fruits, which kicked off in the city of Guangzhou.

Head of Iran-China Chamber of Commerce Assadollah Asgar Oladi in a speech explained economic cooperation situation between Iran and China and presented figures concerning world export of pistachio and Iran's share in this market.

The conference is held with the aim to improve exchange process between companies active in dried fruits and promotion, development of nuts industry in China.

It is expected that experts from different countries would share their experiences in the conference.

On the sidelines of the conference an exhibition will also be held by companies active in dried fruits industry and among them five Iranian companies will present their products.

In relevant remarks in late July, Tehran's Ambassador to Beijing Ali Asqar Khaji announced that Iran's exports to China have increased considerably in the first half of 2017 compared to the same period last year.

"The volume of Iran's exports to China has increased considerably in terms of weight in the first six months of 2017," Khaji told reporters.

Noting that China is the largest importer of Iran's non-oil products, he said the volume of the country's non-oil exports to China has shown considerable rise as compared to the previous year.

Iran exports around 40 percent of its petrochemical products and 60-70 percent of the country’s polymer materials to China.

 

 

 

 

Shell, NIOC Meet to Confer Development of Iran Gas Field

Economy

Shell, NIOC Meet to Confer Development of Iran Gas Field

Shell, NIOC Meet to Confer Development of Iran Gas Field

TEHRAN (FNA)- Anglo-Dutch oil giant Royal Dutch Shell met with officials from the National Iranian Oil Company (NIOC) to discuss the development project of Iran's Kish gas field.

A delegation from Shell headed by Hand Nijkamp, Shell's VP in Shell Upstream International, Middle East and North Africa, met with Gholamreza Manouchehri, deputy for development and engineering at NIOC, and Noureddin Shahnazizadeh, managing director of Iran's Petroleum Engineering and Development Company (PEDEC) in Tehran on Tuesday to discuss Shell's proposal for developing Kish Gas Field.

On December 7 2016, Shell signed three MoUs with NIOC to develop the South Azadegan and Yadavaran oil fields and the Kish gas field. 

 

 

 

 

Ukraine’s Imports from Iran Up 30%

By editor on in Industry

The president of the Chamber of Commerce and Industry of Ukraine said the Eastern European country’s imports from Iran increased by 30 percent in 2016 compared to a year earlier.

Speaking at the Ukrainian-Iranian business forum, Gennadiy Chyzhykov said from January to May 2017, the volume of Ukrainian exports to the Islamic Republic increased by 78% compared to the same period last year.

“In 2016, compared with 2015, exports from Ukraine to Iran increased by 32%, while imports from Iran -by 30%,” said Chyzhykov.

He further stressed that to increase the volume of foreign trade between Ukraine and Iran, the two countries should prevent the mediation of third countries in building a chain supply.

(Source: Tasnim, under Creative Commons licence)

Iran Ready for Free Trade with Regional Countries

Tags: exports, featured, Ukraine

Iran Ready for Free Trade with Regional Countries

By editor on in Industry

Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj said the Islamic Republic is prepared to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan, and Oman.

Speaking at a meeting of a working group on the development of non-oil exports of the southeastern province of Sistan and Balouchestan, Khosrotaj underlined that the province can play a key role in boosting relations with countries like Afghanistan, Pakistan, and Oman.

Regarding preferential tariffs and free trade, the TPO has done the planning, he said, adding that the organization is ready to establish free trade with countries that have common borders with Sistan and Balouchestan.

Iran has stepped up efforts in recent years to enhance its non-oil exports and reduce dependency on its oil revenues.

In 2014, the country’s exports of commodities and natural-gas condensate reached $50 billion, showing a 19 percent increase.

There was also a boom in Iran’s service exports in diverse sectors, including tourism, engineering, and transit.

(Source: Tasnim, under Creative Commons licence)

Saudi-Iranian Rapprochement remains Mirage

Ukraine’s Imports from Iran Up 30%

Tags: Afghanistan, featured, Oman, Pakistan, Trade Promotion Organization of Iran (TPO)

Saudi-Iranian Rapprochement remains Mirage

By editor on in Politics, Security

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

Attempts to mediate between Iran and Saudi Arabia have probably reached a dead end, an Arab diplomatic source told Al-Monitor on condition of anonymity. The source added that a new path doesn’t seem to be possible given “Tehran’s arrogant approach in the region and its insistence on threatening its neighbors, meddling in their internal affairs and helping destabilize the region.”

This appears to put an end to speculation that a new chapter might be ahead between the two Persian Gulf neighbors whose relations saw a drastic deterioration in the past years, notably after Riyadh executed a Saudi Shiite cleric on Jan. 2, 2016, and angry Iranian protesters stormed the kingdom’s diplomatic missions in Tehran and Mashhad in retaliation.

Prior to this, a series of events had laid the foundations for the Saudi-Iranian collision, starting with the crisis in Syria that began in March 2011 and including the war in Yemen launched by Riyadh and its allies in March 2015.

Despite the continuing wars in Syria and Yemen, there was room for optimism when Iraqi Interior Minister Qasim al-Araji told reporters in Tehran on Aug. 13 that Saudi officials had asked his government to bridge the gaps with Tehran. Saudi officials later denied Araji’s claims, but this didn’t end the wave of positive thinking that reached its peak during the hajj season.

Pages: 1 2 3 4

Crude Oil Production at Azar crosses 4m Barrels

Iran Ready for Free Trade with Regional Countries

Tags: featured, Saudi Arabia

Crude Oil Production at Azar crosses 4m Barrels

By editor on in Oil & Gas

Iran’s production of crude oil at Azar Oilfield, shared with neighboring Iraq, has exceeded 4 million barrels, operator of the field says.

Behzad Mohammadi, managing director of Oil Industries’ Engineering and Construction (OIEC), told a meeting of representatives of Iranian E&P companies in Tehran on Wednesday, said production of the fields has been fixed at 30,000 b/d.

He said based on the latest estimations, the field is believed to hold over 4 billion barrels of crude oil in its reserves, adding OIEC plans to bring the field’s output to 65,000 b/d in the first phase of the field’s development project and to 100,000 b/d in its second development phase.

The field is the most challenging for the oil industry due to the stony land conditions.

The volume of possible oil reserves to be extracted from Azar fields is estimate to be around 400 million barrels.

Azar oil field lie in common border with Iraq. The shared oil field is part of Anaran Block in southwest of Ilam Province.

(Source: Shana)

Ukraine eyes Boosting Agricultural Trade with Iran

Saudi-Iranian Rapprochement remains Mirage

Tags: Anaran block, Azar, Azar field, featured, Iraq, Oil Industries Engineering and Construction Company (OIEC), shared oilfields

Ukraine eyes Boosting Agricultural Trade with Iran

By editor on in Agriculture

A Ukrainian official said the country’s Agrarian Policy and Food Ministry expects Kiev’s agricultural trade with Tehran to increase to $1 billion by the end of 2017.

Vasyl Antonenko, the chief specialist of the bilateral trade and economic cooperation department of the International Cooperation Department of Ukraine’s Agrarian Policy and Food Ministry, said this during the Ukrainian-Iranian Business Forum, Ukrinform news website reported on Tuesday.

“Upon seven months of 2017, Iran ranks 8th among the importers of Ukrainian agricultural products. It is expected that we will be able to reach $1 billion agricultural products turnover by the end of this year due to joint efforts of the businesses of both countries,” he added.

In March 2016, Iran and Ukraine signed a memorandum of understating for the expansion of economic cooperation in various fields.

In May that year, Iran’s Foreign Minister Mohammad Javad Zarif said there are good opportunities for closer trade interaction between Iranian and Ukrainian companies in a broad range of fields, including higher education, scientific and technological issues, energy, power plant equipment, renewable energies, agriculture, cultural programs and tourism.

(Source: Tasnim, under Creative Commons licence)

Iraq sends Envoy back to Iran with Little to Show

Crude Oil Production at Azar crosses 4m Barrels

Tags: featured, food imports, Ukraine, Ukrainian-Iranian Business Forum

Iraq sends Envoy back to Iran with Little to Show

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

Ayatollah Mahmoud Hashemi Shahroudi, the newly appointed chairman of Iran’s Expediency Council, visited Iraq recently, fueling speculation about his political agenda. His meetings indicate that he most likely was seeking to unify Shiites ahead of the 2018 elections, although he doesn’t appear to have succeeded.

Shahroudi, who is a dual Iranian-Iraqi citizen and was a senior leader in the Islamic Dawa Party and the Islamic Supreme Council of Iraq before he became involved in Iranian politics, was warmly welcomed by those two groups, but later in his weeklong visit, he found himself snubbed by others.

Sheikh Humam Hamoudi, a leader of the Islamic Supreme Council and the first deputy parliament speaker, greeted Shahroudi at the airport on Aug. 31. Later, Shahroudi met with Iraqi Prime Minister Haider al-Abadi and with Nouri al-Maliki, the leader of the Islamic Dawa Party and a vice president of Iraq.

In Najaf, however, Shahroudi was not welcomed at all. He did not meet with any of the four leading religious authorities there, even though he is one of the most prominent graduates of the Hawza (Shiite seminary) in Najaf and most likely knows all four clerics from the years he studied there.

Sadrist movement leader Muqtada al-Sadr also refused to meet with him.

Sources close to Grand Ayatollah Ali al-Sistani in Najaf said religious authorities there refused to receive Shahroudi — even though they knew in advance about his visit — because they resent some aspects of Iran’s policies regarding Iraq. It seems the rejection was a source of embarrassment to Shahroudi when he returned home, where he issued a statement that his visit was not an official one but merely a religious trip “to the holy sites and shrines of holy Imams.”

Pages: 1 2 3 4

Ilam Petchem Plant to Launch SRU Unit by Year-End

By editor on in Oil & Gas

Ilam Petrochemical Plant is banking on inauguration of its sulfur recovery unit (SRU) by the end of the current calendar year to March 20, the managing director of the facility said.

Farhad Daneshi said the facility is now building two units which are olefin and SRU of which the latter will come online before the end of the current calendar year to March 20.

He said SRU is one of the preliminary units in production chain and plays a key role in feedstock supply for olefin production.

He said the project has made 78% physical progress and most of the machinery and equipment needed for completion of the unit has been installed or supplied.

He further said the project has generated jobs for 3,000 for the western Ilam Province locals.

The plant has so far supplied 520,000 tons of polyolefin and is expected to supply 200,000 tons of the product next year.

(Source: Shana)

Iran, Iraq Begin Arrangements for Arbaeen Pilgrimage

Iraq sends Envoy back to Iran with Little to Show

Tags: featured, Ilam, Ilam Petrochemical Plant, petrochemicals

Iran, Iraq Begin Arrangements for Arbaeen Pilgrimage

By editor on in Tourism, Transport

The Iraqi embassy and consulates in Iran on Monday started to issue visa for the Iranian applicants intending to visit the Arab country for Arbaeen pilgrimage.

The formal visa-issuance process kicked off during a ceremony at the Iraqi embassy in Tehran, attended by Ambassador Rajih Sabir Aboudi al-Mousavi.

In addition to the Iraqi embassy, the Arab country’s consulates in the Iranian cities of Mashhad, Kermanshah and Ahvaz have also begun processing the visa applications.

As of September 23, 12 other offices across Iran will also start to issue visa for Iranian pilgrims.

All pilgrims will have to submit an application through a designated website.

More than 2.4 million Iranians traveled to Iraq in 2016 for Arbaeen, a major Shiite occasion marking the 40th day after the martyrdom anniversary of Imam Hussein (AS).

Officials predict that the number of Iranian visitors would hit 3 million this year.

Each year, a huge crowd of Shiites flock to the Iraqi city of Karbala, where the holy shrine of Imam Hussein (AS) is located, to perform mourning rites on Arbaeen.

(Source: Tasnim, under Creative Commons licence)

Iran Cracks Down on IRGC Business Network

Ilam Petchem Plant to Launch SRU Unit by Year-End

Tags: Arba'een, featured, Iraq, pilgrimage, pilgrims, tourism

Iran Cracks Down on IRGC Business Network

By editor on in Industry, Investment, Politics, Security

The Financial Times reports that Iran’s Revolutionary Guards Corps (IRGC) is being forced to shrink its sprawling business empire, and some of its senior members have been arrested as part of President Hassan Rouhani’s attempts to curb the elite force’s role in the economy.

A regime insider and a government official told the newspaper that the organization, which have interests in sectors ranging from oil and gas to telecoms and construction, has had to restructure some holding companies and transfer ownership of others back to the state.

At least a dozen guards members and affiliated businessmen have been detained in recent months, while others are being forced to pay back wealth accrued through suspect business deals, the officials said.

The full report can be read here (subscription).

(Source: The Financial Times)

Video: UN Nuclear Watchdog Defends Iran Deal

Iran, Iraq Begin Arrangements for Arbaeen Pilgrimage

Tags: featured, irgc, Islamic Revolutionary Guards Corp (IRGC), reforms, Rouhani

Video: UN Nuclear Watchdog Defends Iran Deal

By editor on in Politics, Security

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News.

The UN atomic watchdog hits back at US criticism of the Iran nuclear deal, insisting its inspections there are the world’s toughest and that Tehran is sticking to the accord.

Shell, NIOC discuss Gas Field Development

Iran Cracks Down on IRGC Business Network

Tags: featured, International Atomic Energy Agency (IAEA), nuclear deal, United States, video

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.

Welcome to Iran, an investment paradise for years

Global Investment was founded with a single vision, to help small to large enterprises with their strategic entry into the Iranian market by providing unmatched services for companies across all major industries. We can help you enter the hotspots of the market and will support and guide you toward a success story that remains rock-solid for the years to come.

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.

Join The Ultimate And Irreplaceable Experience Now.

Just define your interests, We will promote the best investment opportunities for you

As featured on :

  • globalinvestment.ir
  • Business in Iran
  • Iran Business Market
  • Iran Market
  • Iran Market Investment
  • Iran Invest
  • Iran Investment
  • Iran Investment Guide
  • Invest in Iranian Market
  • How to Invest in Iran
  • Business in Iran
  • Iran Buisness
  • Business with Iran
  • Iran Market
  • Invest in Iran Market
  • Investment in Iran
  • Iran
  • Iran Opportunities
  • Iran Investment
  • Iran Investment Opportunities

Iran Investment Opportunities, Investment in Iran,Iran Investment,Invest in Iran,Invest in Iran Market,Start Business with Iran,Iran Company Registration,How to Invest in Iran,Iran Stock Exchange,Investment in Iran after sanctions,Iran Investment Company,Foreign investment in Iran,Investment opportunities in Iran,Best investment in Iran,Iran Business Investment,Iran Invest