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News Archive
3
October ,2016

Oil Giants Slip in List of Leading Energy Firms

Integrated oil majors like ExxonMobil, Chevron and Shell once dominated the standings of the world’s leading energy companies, with assets, revenue and earnings far outpacing just about everyone else [...]
1
October ,2016

Renault Signs Deal for Iran Venture

R has reached a deal with Iran's government to open a plant for making at least 150,000 vehicles a year, as European companies race for a share of Iran's market now that international sanctions have been lifted [...]
25
September ,2016

Airbus, Boeing Executives to Visit Tehran Soon

R epresentative from French planemaker Airbus and its American rival Boeing, which recently acquired a vital US license to sell jetliners to Iran, will travel to the Islamic Republic in the coming week to pursue talks with Iranian airlines, announced Minister of Roads and Urban Development Abbas Akhoundi on Saturday [...]
10
September ,2016

Tavanir Promoting Benefits of DG Systems

plans are underway to build new power plants with distributed generation (DG) system and a capacity of 4,000 megawatts during the sixth five-year economic development plan (2016-21). [...]
20
Aug ,2016

KIMIA Made History as the First Iranian Woman Medalist at Rio

Taekwondoka Kimia Alizadeh Wins Bronze [...]
9
Aug ,2016

FDI Tops $5 Billion in Six Months

A senior government official says 66 foreign direct investment projects worth $5.16 billion are being implemented after the nuclear agreement (Joint Comprehensive Plan of Action) came into effect in January [...]
1
Aug ,2016

Package Holidays Outdo Independent Travel in Iran

Finding travel agencies in major cities of Iran is not difficult; there is one around every corner, offering a variety of tours to different locations [...]
1
Aug ,2016

Banks in the Spotlight as Forex Rules Change

The Central Bank of Iran on Sunday officially allowed banks to start trading in the open hard currency market in line with its declared aim to unify the forex rates. Given the history of similar moves in the past, the move attracted mixed reactions with many commentators reiterating the fact that a single forex rate is central to attracting foreign investment [...]
27
Jul ,2016

Banks Move Rapidly in Rebuilding Correspondent Relations

The governor of the Central Bank of Iran said after the easing of sanctions in January, the number of correspondent relations between Iranian banks and their foreign peers has increased [...]
20
July ,2016

Iran Signs Solar Power MoU With UK

The Energy Ministry and the British Photovoltaic Association (BPVA) signed a memorandum of understanding on the construction of a 1000-megawatt solar power plant in Iran [...]
20
July ,2016

Italy Gears Up for €4b Iran Rail Project

Tehran and Rome have signed a document, which stipulates Italy constructing two high-speed railroads in the Islamic Republic [...]
10
July ,2016

FINEX 2016 Opens in Tehran

While stock markets in Tehran are going through a lull of activity, companies are preparing for the Ninth International Exhibition of Exchange, Bank and Insurance, also known as FINEX 2016, which opens in Tehran on Sunday [...]
10
July ,2016

Global Reconnect Kindles Iran Payment Industry

Banks in Iran can again conduct cross-border transactions with international counterparts, thanks to the withdrawal of international sanctions in January [...]
7
July ,2016

Taxation in Iran

Iran National Tax Administration’s taxation overhaul is continuing with more details of it getting spilt out by government authorities. The recent plan is to offer tax cuts for companies that hire more people. [...]
6
July ,2016

Tax holiday in Iran - Value added tax in Iran

Iran’s Hoteliers Society is planning to call on the Majlis to remove the value-added tax (VAT) from rooms and grant hotels permanent exemption from income tax. [...]