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The lifting of sanctions that had banned major investments in Iran and excluded the country from the global economy for many years has now left Iran with high hopes for increased foreign direct investment to promote ongoing stable economic growth.

Learn about the latest macroeconomic, industry an business development that is being witnessed in Iran. 

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Macroeconomics


Even Bold Foreign Investors Tiptoe in Iran

Total has been sending small amounts of euros from banks in Europe to Tehran to test the banking system and learn how difficult it is to make day-to-day transactions in Iran. Other major global companies like Boeing, PSA, Citroen, Accor and Rotana have already made the leap to invest. 

Read more - New York Times

German exports to Iran soared by 26%

German exports to Iran rose by 26% last year and by more than 30% in January alone, as trade between the two countries picks up after sanctions were lifted.

Read more - Daily Mail

Russia-Iran trade turnover doubled in January

Year-on-year trade turnover between Russia and Iran almost doubled in Jan. 2017, exceeding $155 million. Iranian Ambassador to Russia expressed hope that trade volume reach $10 billion in the coming 2-3 years.

Read more - Mehr News Agency


Financial Services


Central Bank of Iran continues to improve process for foreign bank establishment

Since the directive concerning offshore banks was approved 16 years ago, a new measure is being drafted and will soon be ready for Cabinet approval; The new regulations are in line with policies to promote infrastructure development, economic growth, investment and job creation in FTZs.  Read more - Financial Tribune

Iran banks to push for post-sanctions thaw

Bank Sepah, Persia International Bank and Melli Bank PLC are considering filing an arbitration case with Britain’s Payment Systems Regulator to the same effect. 

Read more - Press TV

Russia, Iran to revitalize banking cooperation

Bank Melli Iran and the Central Bank of Russia have agreed to revitalize cooperation to support trade ties. The relations between Iran and Russia are expanding, particularly in banking relations since the central banks of the two countries are working closer together. 

Read more - Financial Tribune

Joint Iran-Europe Bank Planned

Agreements have been reached to launch an Iranian-European bank in one of the EU countries with Iran and Europe holding 47% and 53% of the shares respectively.

Read more - Financial Tribune

More on Financial Services

France Finance Minister to renew relations with Iran

Les Ecos

France Plans Loans for firms seeking to invest in Iran - Bloomberg

Scor eager to boost insurance ties with Iran

Mer News Agency


Technology


Iran on the path to become a regional fintech hub

The roadmap is set to define an appropriate role for fintech companies in the Iranian banking system, including a separate regulatory body for monitoring and supporting innovative services. Read more - Financial Tribune

Q1 2017 Mobile Internet Statistics in Iran

MCI, Irancell and Rightel have entered the mobile internet battle field aggressively after Rightel’s 3G monopoly contract expired in 2013. Currently, MCI & Irancell hold +90% of the market share together. While MCI is leading in 3G internet users, Irancell holds 6 times more 4G(LTE) users.

 Read more - Techrasa


Energy, Oil and Gas


Siemens to manufacture electrical equipment with Iran

Germany’s Siemens is in talk with Iran for cooperation in manufacturing power transformers in the country. A final contract will be signed within two months based on which a power transformer manufacturing plant will be constructed jointly by the two sides.

Read more - Tehran Times

Athos Solar GmbH launchs two solar parks in Iran

The two solar parks cover an area of 100,000 square meters, making them the first of their scale in Iran. Construction of large-scale solar-energy plants in Iran only became possible since Spring of 2016, when the sanctions were lifted.

Read more - Sun and Wind Energy

Iran, South Korea reach new water agreement

Senior advisor to the energy minister has reported a 1.7-billion-dollar agreement between Iran and South Korea for construction of Bakhtiari Dam. Three agreements worth $3.4 billion have been inked between Iranian and South Korean companies in the utility industry. 

Read more - Mehr News Agency

More on Energy, Oil and Gas

Total in talks to buy Iranian LNG project - Reauters 

Iran likely to enter negotiations with Shell - Tehran Times

Tehran-Tokyo launch €2bn oil talks - Mehr News Agency 


Transport & Automotive


Investors sought to develop Iran’s airports

The Iranian government is seeking private investors to help it fund a $3 billion facelift of the nation’s airport system. According to local press reports, the government has signed Memorandums of Understanding (MoUs) with potential investors for around $2.35 billion and secured $650 million in firm contracts thus far. Read more - Airport World

Import of car related spare parts hits $2.3b 

The value of vehicles and related spare parts imported to Iran from March, 2016 - February 2017 stood at over $2.3 billion. China, Germany and the UAE stand at the top of exporters to the country during the mentioned time span.

Read more - Tehran Times

More on Transport and Automotive

Iran-Afghanistan railroad to become operational - Mehr News Agency

Hyundai Engineering in $3.2 billion Iran deal - Reuters


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