A 50-member trade delegation from Luxembourg will discuss enhancement of economic ties with Iranian tradesmen in Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Saturday, ISNA reported on Tuesday.
Iran could produce 80,000 tons of zinc ingots during the past Iranian calendar year 1395 (ended March 20, 2017) registering 22.5 percent rise compared to the preceding year, IRNA quoted the CEO of Iran Zinc Mines Development Company on Tuesday.
Iran exported 780 million barrels of crude oil from Kharg Island terminal in south part of the country during the last Iranian calendar year 1395 (ended on March 20), which indicates an 80 percent rise compared to the preceding year (1394).
The fourth edition of Iran-Europe banking and business forum is due to be held at IRIB international conference center in Tehran on April 29 and 30, Mehr news agency reported.
Measuring how efficiently water is used in agriculture, particularly in water-scarce countries including Iran, is going high-tech with the help of a new tool developed by the Food and Agriculture Organization of the United Nations (FAO) with a fund from the Netherlands.
Over 200 companies will attend the 3rd International Trade Exhibition for Construction Materials, Equipment and Technology of Iran (Project Iran 2017) which will be held at the Tehran Permanent International Fairgrounds from April 24 to 27.
The value of trade between Iran and Pakistan in economic, trade, tourism, and energy sectors can hit $5 billion per year, Interior Minister Abdolreza Rahmani Fazli said addressing the 20th meeting of the Iran-Pakistan Joint Economic Committee (JEC) in Tehran on Monday.
The Central Bank of Iran (CBI)’s delegation will travel to the U.S. to participate in the annual spring meetings of the World Bank Group (WB) and the International Monetary Fund (IMF), IRIB news reported on Monday.
Iranian President Hassan Rouhani will officially inaugurate four petrochemical projects in the coming days, IRNA reported on Wednesday.
Iranian car makers manufactured 124,691 vehicles in the last month of the past Iranian calendar year, Esfand (February 20-March 20), with 27 percent growth from 98,167 cars manufactured in the same month in its preceding year, ISNA reported on Wednesday.
The governor of the Central Bank of Iran (CBI) Valiollah Seif announced on Wednesday that banking loans paid to various Iranian economic sectors witness a 40-percent rise in the past Iranian calendar Year 1395 (ended March 20, 2017), as compared to the preceding year.
Irans top security body is still reviewing the Iran Petroleum Contract (IPC) model, Oil Minister Bijan Zanganeh was quoted as saying on Sunday, as the contracts aimed at attracting foreign investors appear to face fresh delays.
Kish Island in the southern Iran is going to be hosting the 13th edition of Civil Engineering and Building Exhibition (CEBEX 2017) on May 2-5, Tasnim news agency reported on Sunday.
The first Boeing 777 airplane will be delivered to Iran within a month, Deputy Transport Minister Asghar Fakhrieh Kashan said, Mehr news agency reported on Sunday.
Head of Iranian Mines and Mining Industries Development and Renovation Organization Mehdi Karbasian announced that 24 mining projects worth over $1 billion will be put into operation during the first half of the current Iranian calendar year (ending on September 22), Mehr news agency reported on Saturday.
The value of exported goods from Iran’s southern port of Shahid Rajaie grew 44 percent in the past Iranian calendar year 1395 (ended March 20, 2017), compared to the preceding year, IRNA reported.
Latvia welcomes development of its transport cooperation with Iran, Latvian Transport Ministrys State Secretary Kaspars Ozolins said in a meeting with Iranian Deputy Transport Minister Asghar Fakhrieh Kashan in Tehran, IRNA reported on Wednesday.
Over 280 companies will participate in the 10th edition of Iran’s International Exhibition of Exchange, Bank and Insurance (FINEX 2017), Yaser Fallah, director of Iran’s Securities and Exchange Organization’s public relations department, announced, IRIB reported.
Iran exported 3.225 million tons of crude steel during the first eleven months of the past Iranian calendar year 1395 (March 20, 2016-February 18, 2017), registering a 108 percent rise compared to the same period in its preceding year, IRNA reported on Wednesday.
The National Petrochemical Company plans to export 23 million tons of petrochemical products, worth $11 billion, during the current Iranian calendar year (started on March 21).
The price for Iranian oil has witnessed an almost $12 rise in the first half of the first Iranian calendar month Farvardin (March 21-April 4) compared to the same period last year, Shana reported.
According to the Ministry of Transportation and Urban Development, developing transportation infrastructures in Iran requires 4.75 quadrillion rials (about $127 billion) investment by the end of the country’s outlook plan for the calendar year of 1404 (March 20, 2026), IRNA reported on Tuesday.
Over 200,000 enterprises were established in Iran during the past Iranian calendar year, which ended on March 20, IRNA reported on Tuesday, quoting Iran Chamber of Guilds Chairman Ali Fazeli.
Iranian airliner Aseman signed a memorandum of understanding (MOU) with the U.S. aircraft maker Boeing to buy 30 passenger planes model 737 MAX worth $3 billion, IRNA reported on Tuesday.
Customs income reaches over 181 trillion rials (about $4.839 billion) in the past Iranian calendar year 1395 (ended on March 20), Islamic Republic of Iran Broadcasting (IRIB) reported on Tuesday.
Iran’s Energy Ministry plans to add 3440 megawatts (MW) capacity of new power plants to the country’s electricity network during the current Iranian calendar year (March 21, 2017- March 20, 2018), IRNA reported on Monday.
Iran plans to increase the amount of its produced oil seeds up to three times more by the end of the present calendar year (March 20, 2018), compared to that of the preceding year, an official in Iranian Agriculture Ministry announced.
Iraqi Oil Minister Jabbar Allaibi said his country is seeking an agreement with Iran on exploitation of the joint oil fields, IRNA reported.
Implementing development phases of Iran’s South Pars gas field (in the Persian Gulf) was one of the promises made by Oil Minister Bijan Namdar Zanganeh which came true and besides boosting gas production noticeably it played significant part in job creation.
Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) plans to dispatch a trade delegation headed by ICCIMA Chairman Gholam-Hossein Shafeie to Vietnam from April 18 to 23, 2017, the official website of ICCIMA announced.
Iran’s non-oil trade reached $87.646 billion in the past Iranian calendar year (March 2016-March 2017), an increase of 4.34 percent compared to its preceding year.
The Statistical Center of Iran announced that the inflation rate in rural areas stood at 9.3 percent during the past Iranian calendar year of 1395 (which ended on March 20), Mehr news agency reported.
Turkey’s import of oil from Iran rose more than two times in February 2017 from February 2016, Tasnim news agency reported on Thursday.
The Russia-Iran cooperation under the "oil-for-goods" program may start in 2017, Russian Energy Minister Alexander Novak told reporters on the sidelines of an international Arctic forum Wednesday.
Based on the latest data released by Irans Customs Administration, the countrys trade balance was reported positive for the second consecutive year.
Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday the deal between OPEC and non-OPEC nations for cutting output could be further extended beyond June.
The embassy of Japan in Tehran announced that the agreement on mutual protection of investment between Iran and Japan will enter into force from April 26.
The shares of all state-owned companies that had been previously planned to be privatized will be transferred to the private sector by the end of current Iranian calendar year (March 20, 2018), Iranian Finance Minister Ali Tayyebnia announced.
Based on the latest data released by Irans Costumes Administration, the value of the countrys minerals and mining industries exports reached $5.4 billion during the first ten months of the previous Iranian calendar year (ended on January 19).
Brave New World Investments AB, a new firm registered in Sweden, is now accepting deposits in bitcoin which it converts to Iranian Rial and invests in equities on the Tehran Stock Exchange. It does this on behalf of its European shareholders while also searching for angel investors among the Persian and bitcoin communities in Europe.
Iranian oil minister said on Saturday that new petrochemical complexes going online will add 9.5 million tons (mt) to the countrys petrochemical output, IRNA reported.
An Iran-China economic cooperation seminar is due to be held on April 5, IRNA cited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)s public relations office.
China imported in February 657,900 barrels of crude oil per day from Iran, an increase of 18 percent year on year, according to data from the Chinese General Administration of Customs.
The share of mining sector in Iran’s gross domestic product (GDP) will be increased to 1.5 percent in the Sixth National Development Plan (2016-2021) from the current figure of 1.1 percent, Deputy Industry, Mining and Trade Minister Jafar Sarqini told IRNA on Friday.
Managing Director of Iran Water Resources Management Company Mohammad Haj-Rasouliha announced that 16 embankment dams will be inaugurated in the country during the current Iranian calendar year (which started on March 21).
Iran’s Ministry of Industry, Mining and Trade has signed 117 cooperation documents with renowned foreign companies in post sanctions era, IRNA reported on Thursday.
An Iranian tanker with oil for Belarus arrived in the port of Odessa, said the Deputy Director General of CJSC “Belarusian oil company” Sergey Mushroom.
Iranian First Vice President Es’haq Jahangiri put the country’s worth of non-oil exports at $40 billion in the past Iranian calendar year of 1395 (ended on March 20), ILNA reported on Wednesday.
Chinese state-owned train makers announced two separate deals to supply subway cars to Iran, which is trying to bolster one of the largest urban rail systems in the Middle East.
Iran’s renewable energy generation capacity will reach 700-850 megawatts (MW) in the current Iranian calendar year (which began on March 21), Seyed Mohammad Sadeqzadeh, the deputy energy minister, announced.
Irans deputy transport and urban development minister announced that nine trillion rials (over $2.4 billion) of finance will be injected to the housing sector in the current Iranian calendar year (which began on March 21), Tasnim news agency reported.
Iran’s Vice President Es’haq Jahangiri said that 700,000 jobs was created in the country during the past Iranian calendar year (which ended on March 20), IRNA reported on Wednesday.
President Hassan Rouhani on Wednesday inaugurated a cement plant in the eastern province of South Khorasan province.
Pakistan and Iran will resume banking channels from next month which pave way for official trade between the two countries, ZubairTufail, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Tuesday.
Oil extraction from Azar oilfield will reach 30,000 barrels per day (bpd) in spring 2017, which corresponds to the first quarter of the current Iranian calendar year (March 21-June 21), ISNA reported.
The Statistical Center of Iran announced that the inflation rate in the urban areas for the 12-month period ended in Esfand, the last month of the past Iranian calendar year (ended on March 20), hit 6.8 percent, Tasnim news agency reported.
Iran started pumping oil from the oil layer of South Pars gas field (in the Persian Gulf), on Sunday, Gholam-Reza Manouchehri, the deputy managing director of National Iranian Oil Company (NIOC) for engineering and development affairs, announced.
Iran exported $321 million of handmade carpets in the first 11 months of the current Iranian calendar year, ended February 18, an increase of 27 percent year on year, Hamid Kargar, the head of Irans National Carpet Center, said on Saturday.
South Korea’s SK Engineering & Construction (SK E&C) has teamed up with a Turkish firm for a multi-billion-dollar project to build and operate new power plants in Iran with a combined generation capacity of 5,000 megawatts, the South Korean firm said Saturday.
In a Thursday meeting in Baku, the capital city of Azerbaijan, Iranian Communication and Information Technology Minister Mahmoud Vaezi , who leads the Iranian side of Iran-Azerbaijan Joint Economic Committee, and the Azeri co-chairman of the committee, put emphasis on the expansion of economic ties between the two countries.
Oil production in Iran will reach four million barrels per day (bpd) by the end of the upcoming Iranian calendar year’s first month of Farvardin (March 20), National Iranian Oil Company (NIOC) Managing Director Ali Kardor announced in an interview with Seda weekly.
New Zealand aims to revive the export of sheep meat to Iran, as the country’s exporters consider it a lucrative trade, according to stuff.co.nz.
South Korea has imported 427,800 barrels per day (bpd) of oil from Iran in February 2017, a 54 percent rise from February 2016, according to the data released by the country’s customs administration.
Iranian banking system offered 4.77 trillion rials (about $126.4 million) of facilities to domestic economic sectors during the first 11 months of the current Iranian year (March 20, 2016- February 18, 2017), showing 37.1 percent increase compared to the same period in the previous year, IRNA reported.
The volume of bilateral trade between Iran and Russia may reach $10 billion in three years, Iranian Ambassador to Russia Mehdi Sanaei said Tuesday.
Some 59 new wagons, made in Iran, joined Tehran subway network on Wednesday, IRNA reported. According to Maziyar Hosseini, an official in Tehran Municipality, two of the new wagons are double-decker.
According to OPEC’s latest monthly report published on March 14, Iran’s oil output in February reached 3.814 million barrels per day (bpd), a 36,100-bpd rise compared to January.
In a ceremony attended by Iranian Oil Minister Bijan Namdar Zanganeh, early production from Azar oilfield started on Tuesday with an output capacity of 15,000 barrels per day (bpd).
Iran and the Eurasian Economic Union (EEU) are expected to sign a free trade agreement (FTA) by the end of this month, Russian Energy Minister Alexander Novak announced.
Iranian Transport Minister Abbas Akhoundi said that over 2 trillion rials (about $534.045 million) investment has been made in the country’s rail sector over the past three years, IRIB reported.
Australia is willing to expand economic ties with Iran especially in water and energy sectors, IRNA quoted South Australia’s Minister for Investment and Trade as saying on Sunday.
Central banks of Iran and Oman signed a memorandum of understanding on Sunday aiming for expansion of cooperation, IRNA reported.
Iranian Communications and Information Technology Minister Mahmoud Vaezi in a Monday meeting with Russian Energy Minister Alexander Novak in Moscow announced that the required infrastructure to expand all-out economic ties between the two countries have been prepared, IRNA reported.
Iran says it expects to receive the third new Airbus aircraft from a batch of 100 planes purchased from the European aviation giant later this week.
Russian automaker Ulyanovsky Avtomobilny Zavod (UAZ) says it is planning to produce its iconic off-road Patriot vehicles as well as its pickup trucks in Iran.
A second airplane purchased by Iran through a major post-sanctions deal with the European aviation giant Airbus has landed in the capital, Tehran.
Iran has exported over $2 billion worth of technical and engineering services since the implementation of Joint Comprehensive Plan of Action (JCPOA) in January 2016, IRNA reported on Wednesday.
South Korea’s Hyundai Heavy Industries Company, Ltd. (HHI) will deliver the first TEU 14500 mega-container vessel to Iran by March 2018, managing director of Islamic Republic of Iran Shipping Lines (IRISL) announced.
According to the latest report of American Statistical Association (ASA), Iran exported $5.6 million of goods to the U.S. in January 2017.
Iran’s worth of annual petrochemical exports is forecast to hit near $9 billion by the end of current Iranian calendar year (March 20), National Petrochemical Company (NPC) Managing Director Marziyeh Shahdaie told IRNA on Wednesday.
According to a report released by the French multinational automobile manufacturer, Renault, the company could sell 13,449 cars during the first month of 2017 in Iran, showing a 348-percent increase compared to the same month last year.
The prime ministers of the Eurasian Economic Union (EAEU) have signed a directive ordering preparations for a temporary agreement on forming a free-trade zone with Iran.
A senior official with the Central Bank of Iran (CBI) says US efforts to seize $1.6 billion of Iran’s assets in Luxembourg run counter to the international laws and will bear no fruit.
Iran says it has been informed by Washington that US nationals can have bank accounts in the Islamic Republic.
Small shops, department stores and supermarkets in Iran are feeling the heat from big retailers in neighboring countries and beyond menacingly making their presence felt at a pace never seen before.
Azerbaijan officially launched a rail link with Iran on Sunday by sending a train across the border to Iran’s northern city of Astara thus taking an ambitious multimodal transport project that connects northern Europe to India closer to reality.
A Russian trade website says a leading automobile manufacturer is set to establish an assembly line in Iran in 2018.
Iran’s tourism attractions are gaining increased significance in the Western media as the country is struggling to bring in a larger number of tourists to boost its post-sanctions economy. And historical cities like Isfahan are already receiving increased attention to the same effect.
China’s telecom giant ZTE is reportedly trying to reach a deal to plead guilty to US criminal charges and avoid a hefty fine over allegations that it dodged US sanctions in its previous Iran transactions.
To ensure achievement of the expected “ECO VISION 2025” goals, Eco members need a new economic architecture to strengthen their cooperation and convergence, Iranian Foreign Minister Mohammad Javad Zarif said on Tuesday, IRNA reported.
Iran says Asia is to take the lead from the rest of the world in economic supremacy from the second half of the 21st century onwards.
A top Iranian official says Tehran is set to receive two new planes from the giant European plane maker Airbus by March 20th.
The International Monetary Fund (IMF) has hailed Iran’s ability to achieve what it has described as an impressive economic recovery after the removal of multiple-year sanctions against the country.
Iran says it remains committed to supporting the Economic Cooperation Organization (ECO) but says ECO needs to be restructured to increase its efficiency.
The International Monetary Fund (IMF) says that Washington’s anti-Iran sanctions may be a threat to the country’s international trade ties.
Iran and Indonesia have signed an agreement to promote their banking cooperation – a move both countries say was necessary to help facilitate trade.
Iran has signed a new agreement to resume sheep and beef imports from New Zealand and discussed possible kiwifruit and shrimp exports to that country.
Russia says it has presented a proposal to Iran for the joint production of its Ilyushin planes in the Islamic Republic.
Turkish discount retailer BIM says it is exploring opportunities in Iran for possible opening of stores in a country which has largely remained closed off for years under sanctions.
China says it has protested to the US for putting Chinese companies and individuals on a new sanctions list targeting Iran.
A report by a leading Iranian newspaper says the country has at least $18 billion still blocked in China in what appears to be a result of complications related to previous sales of oil to Beijing during the years of sanctions.
Iran says a lawsuit that it had submitted to the International Court of Justice (ICJ) – the principal judicial organ of the United Nations – against the United States last summer for freezing billions of dollars worth of its assets has been officially put in motion.
An Iran-Sweden business forum is scheduled to be held February 11 in Tehran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
Days after a controversial US travel ban against citizens of seven Muslim-majority nations, indications are appearing in the media that one population is specifically bearing the brunt of Donald Trump’s move: thousands of Iranian academics and students.
Iran Mercantile Exchange (IME) announced that commodities valued at about $1.152 billion and weighing over 2.2 million tons were traded in its domestic trading and exports halls in January.
Iran has rejected speculations that the deteriorating rhetoric by US President Donald Trump against the country could lead to the cancelation of a major plane purchase agreement with the American aviation giant Boeing.
Iran’s first exclusive trade exhibition in East Africa is scheduled to be held in Nairobi, the capital city of Kenya, from February 3 to 6, IRNA reported on Wednesday.
An automobile gearbox production line will be launched in Iranian province of Zanjan (northwest of Tehran) via the investment made by a Belgian company, head of Industry, Mining and Trade Department of the province announced.
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture proposed the establishment of Iran-Czech Joint Chamber in Tehran, as Prague hosts the same since two years ago.
The fate of a landmark deal for Boeing to sell 80 passenger aircraft to Iran has been thrown into doubt following President Donald Trump’s executive order barring travel by Iranians to the US.
Apple has started removing apps originating in Iran from the App Store, pulling down the app of the biggest Iranian e-commerce service a few days ago, reports say.
Iran says the channel to export its traditional hand-woven carpets to the United States is still open amid recent concerns in Tehran that Washington under a new leadership had already banned imports and re-exports of the precious Persian handicraft.
Early signs are appearing that a plan by US President Donald Trump to suspend visas for Iranians has already started to undermine Iranian-American dual nationals living in the US as well as businesses that rely on travels to and from the Islamic Republic.
The Islamic Republic of Iran plans to establish three trade offices in Europe, an official in Trade Promotion Organization of Iran (TPO) told ISNA on Tuesday.
Several major oil and petrochemical companies from Germany have expressed their interest in investing in the Iranian oil sector.
Iran says it has achieved self-sufficiency in production of two strategic petrochemical products which are widely used in making a variety of industrial foams and related materials.
Iran has launched a high-security bank to store major amounts of the crown jewel of its non-oil exports – saffron.
Latest official figures show that Iran’s trade balance over a period of 10 months, starting March 2016, remained in the positive territory.
European aviation giant ATR says it is close to a final agreement with Iran to sell turboprop planes to the country – a new move which is expected to further boost the Iranian aviation might.
Frances state-run and private sectors are determined to beef up their presence in Iran and further strengthen trade ties, said French Ambassador to Iran François Senemaud.
An Iranian oil tanker has called at a European port for the first time since the lifting of sanctions last January, managing director of the National Iranian Tankers Company (NITC) says.
Iran and Syria have signed several agreements during a visit by Prime Minister Imad Khamis to Tehran, under which the Islamic Republic will build a mobile service operator in the Arab country.
Iran says it has signed a deal with Germany to cooperate over production of 50 diesel locomotives which will be used in the Iranian rail network.
The Philippines says negotiations are underway with Iran over exports of a variety of agricultural products to the country.
Serious indications are appearing that show Iranian authorities are taking steps to help local firms sell bonds abroad.
The first of 100 planes that Iran is expected to receive through a landmark deal with the European aviation giant Airbus has landed in the country’s capital Tehran.
Recent World Bank report titled Global Economic Prospects, predicted gross domestic product growth for Iran at 5.2 percent in 2017.
Iran has received the first plane purchased from the European giant aircraft maker Airbus following a landmark nuclear deal reached between Tehran and the six world powers.
An Iranian official highlighted the ideal opportunity available in Oman for exporting products to third countries which lack trade ties with Iran due to political reasons.
Turkey’s central bank has intervened to bolster the crisis-hit lira by decreasing its foreign exchange reserve requirement rations in order to inject $1.5 billion into the market.
Denmarks Danske Bank A/S says it has stated talks with the Central Bank of Iran (CBI) on arranging credit to clients with business activities in the country.
Iran says it has started talks with major American and Italian companies to form partnerships with some of its oldest brands of household devices in what appears to be a policy to prevent their demise.
Minster of Industries, Mines and Trade Mohammad-Reza Nematzadeh said on Wednesday that trade in Lira of Turkey and Iranian Rial will boost both sides national currencies and ties.
The second largest US automaker has decided to cancel a planned $1.6 billion factory in Mexico and invest $700 million at a Michigan factory.
Iran’s media on Tuesday cheered as the Parliament voted to end a hefty housing project that President Hassan Rouhani had previously blamed for shooting up inflation to above 40 percent over the past years.
The World Bank says Iran’s foreign debts rose slightly in 2015 but were still significantly lower than 2011 when the country faced a series of US-led sanctions.
Iran says it expects to sign a new plane purchase deal with European aviation major ATR within the next few days.
South Korea’s Daewoo Shipbuilding and Marine Engineering Company (DSME) – the world’s second biggest shipbuilding companies – has announced a major deal to develop an construction yard in Iran.
Swedish Prime Minister Stefan Löfven, leading a trade delegation, is due to visit Tehran in February 2017, Sweden’s ambassador in Iran, Helena Sangeland, said on Tuesday.
New official data show that Japans consumer prices fell for the ninth straight month in November, while household spending declined and unemployment ticked up.
Iran has emerged as the prime bidder for a stake in the Caspian port of Makhachkala, aiming to expand shipping and trade links with Russia and other countries, a report says.
Iran says Australia has joined the list of the clients of its hexamine – a fresh sign showing that petrochemical products are already receiving a central role in the country’s non-oil exports.
The runaway dollar has sparked serious concerns in Iran over what many believe could eventually prove costly for a country which has been planning for months to reap the benefits of the removal of the sanctions.
Armenia has communicated Iran’s interest to create a free trade zone with the Eurasian Economic Union (EEU) – an economic alliance that unites Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan – to the Union’s heads of states in a key summit in Russia.
The latest official figures show that Iran’s exports of non-oil commodities over a period of nine months starting 21 March 2016 increased by around 10 percent – another indication which shows that the country’s trade is improving after the removal of multiple years of sanctions.
Iran’s oil production increased by 18.8 percent in the first nine months of 2016, reaching 3.92 million barrels per day (mb/d), the US Energy Information Agency (EIA) says.
The US Treasury Department says it has amended transactions restrictions on Iran to allow the exports of authorized medical devices and agricultural commodities to the country.
The European aviation giant, Airbus, has sealed a contract with the Iranian flag carrier, Iran Air, for the sale of 100 aircraft, worth over $18 billion dollars at list prices, to the Islamic Republic.
Iran and Kazakhstan have signed an agreement to establish a joint dual-modal transportation company that could lead to the creation of a new transport corridor connecting Iran’s southern ports to the upper parts of Central Asia - and even possibly Russia and China.
The Islamic finance industry is expected to get a significant lease of life from the opening of Iran’s economy which has assets of around $448 billion to its name.
The media in New Delhi say the country is preparing to issue licenses to five Iranian private banks to open branches in India – a move which is expected to significantly facilitate trade between the two countries.
The International Monetary Fund (IMF) says it expects Iran’s economic growth to reach as high as 6.6 percent for the Persian calendar year that started in March 2016.
Turkish commercial vehicle maker, Otokar, says it has signed a technology and license deal with an Iranian company on the export and sale of its Navigo buses.
The second festival of agricultural products, meat and seafood as well as handicrafts kicked off in Tehran on Wednesday.
French carmaker Renault’s sales of automobiles to Iran increased by 146 percent from January to November 2016 compared to the same period in 2015, according to the French company’s recent sales report, Tasnim news agency reported on Sunday.
The Iranian flag carrier, Iran Air, says it has finalized a much-awaited contract with the European aviation giant Airbus to purchase 100 aircraft.
Poland’s biggest refiner PKN Orlen has announced a major purchase of crude oil from Iran thus becoming the latest company to join the already long list of European clients of Iranian oil.
Russia’s media say the country’s aviation giant Sukhoi has signed a basic agreement with Iran to sell its Superjet 100 planes.
Iran’s Aseman Airlines says it is working on a plan to renovate its fleet by procuring a series of planes from the world’s largest aerospace corporation Boeing, European aviation giant Airbus and even Russia’s Sukhoi aircraft builder.
Russian officials say Moscow is working on an ambitious plan to establish a joint Islamic bank with Iran – a move that can not only help promote their banking ties but also provide them with a wide banking network of Muslim countries.
The Islamic Financial Services Board (IFSB) says Iran will assume its chairmanship in 2017 – a move expected to help align practices in the countrys banking system with peers across Asia and the Middle East.
Iran says it has signed over a dozen basic agreements with Indonesia to promote cooperation in a variety of areas in what could indicate a significant opening in trade relations between the two countries.
Iran says it expects to finalize an aircraft purchase agreement with European aviation giant Airbus within the next two weeks, adding that the first planes could be delivered by March 2017.
Iran has marked what is celebrated at home as a landmark achievement to attain self-sufficiency in production of wheat.
Iran says a delegation from European aviation giant Airbus is in the country’s capital Tehran for talks aimed at finalizing a deal to sell around 100 planes to the Islamic Republic.
The administration of Iran’s President Hassan Rouhani has come out in support of a landmark agreement with South Korea’s Hyundai Heavy Industries for construction of 10 mega-size containers and tankers following criticisms at home that the agreement should have been awarded to local builders.
Iran’s flag carrier Iran Air says it has signed a much-awaited agreement with US aviation giant Boeing to purchase 80 planes.
Signs are growing that Iran and Russia are preparing for a new era of economic cooperation in which energy – among other sectors - will have a central role.
Iran’s Aseman Airlines says has downplayed an announcement that it has been banned from EU skies, stressing that no flight to the Union has been on its agenda.
Iran says it has signed contracts with South Korea’s shipyard Hyundai Heavy Industries Company to build at least eight Ultra Large Container Vessels (ULCVs) as well as medium-range tankers for carrying petroleum products.
Iran is gearing to switch its national currency back to the toman – a move that would end the rein of the rial after around 90 years and also could boost the value of the country’s national currency against the US dollar.
Marriott International has become the first US hotel group to announce its interest in the Iranian tourism market which is seeing a march by global hospitality companies in search of opportunities.
Visiting Japan, Foreign Minister Mohammad Javad Zarif bills Iran as the “safest” destination for foreign investment in the troubled Middle East, calling on the Japanese businesses to seize the opportunity and promote their role the Iranian market.
A UN report says Iran has developed the science and technology skills necessary to be a global player in more than oil and gas but it must invest more in innovation.
Iran says it is ready to transit optical cables from Russia to China and India in a project which is expected to lead to the creation of an integrated internet service between the four countries.
Iran says it is considering a plan to reduce the water supplies that are consumed in farms and industrial plants and instead divert them to the urban sector – a move that highlights concerns in Tehran over the implications of an unfolding water crisis in the country.
Iran says an agreement has been signed with Japan’s Itochu to fund one of its key petrochemical projects – the second such agreement signed with Japanese companies over the past few months.
Iran expects to sell its crude oil at around $50 per barrel over the next Iranian calendar year that starts on March 21, 2017.
Turkey has proposed to establish a mechanism to trade in local currencies with Iran as well as China and Russia.
New Zealand says it is sending its Minister of Trade Todd McClay to Tehran on Friday to look into the prospects of reviving trade with the Islamic Republic after a hiatus of over a decade.
Iran says it has intensified efforts to acquire airplanes from international supplies under leasing contracts.
Iran’s President Hassan Rouhani says the country has stood strong in the face of severe plunges in international prices of oil over the past two years.
Irans dairy products market is projected to grow at a high compound annual growth rate (CAGR) of around 22 percent, during 2016 to 2021, according to report by TechSci Research — a research based global management consulting firm.
South Africa’s telecom giant MTN Group says it has devised serious plans to boost its presence in the Iranian market, emphasizing that e-commerce will comprise a key theme of the company’s agenda for its future business in Iran.
The latest official figures show that Iran’s exports to Oman increased by about 400 percent after the removal of sanctions in January in what could be a strong indication that the Sultanate is already replacing the UAE as Iran’s the most important regional trade partner.
Germany has reportedly agreed to provide Iran with a €1.2 billion ($1.27 billion) credit line to help finance a key rail project in what is seen as the biggest foreign financing the country has been able to secure after the removal of sanctions.
The Trade Promotion Organization of Iran has signed a memorandum of understanding with the International Trade Center as part of Tehrans efforts to expand business with other countries.
Italys Economic Development Minister Carlo Calenda has vowed to support upcoming business deals with Iran.
The US Treasury Department has authorized Frances Airbus to sell 106 commercial planes to Iran Air, Irans flagship carrier.
Iran says Germany’s Munich Re – the world’s biggest reinsurance company – is considering to provide its services to the Islamic Republic.
Iran says it is working on a project to look for water from underground resources – what could take the country back to ancient times when the inhabitants dug deep wells to answer water shortages.
Iran says the luxurious train called the Golden Eagle Trans-Siberian Express has arrived in its northeastern city of Mashhad.
The Lloyds of London insurance market has announced plans to launch offices in Iran – a move that could help the country’s efforts to open its economy to post-sanctions investments.
Iran says it expects to receive the first Airbus plane in a major deal that it has signed with the French aviation giant by the end of 2016.
The US administration says President Barack Obama is set to veto an upcoming legislation to block sales of passenger planes to Iran on the grounds that it would breach a landmark nuclear agreement sealed with the country last year.
A top Iranian trade official says the volume of foreign investments in the country is expected to increase by six times until next March to reach around $12 billion.
Iran says the election of Donald Trump as the new president of the United States will have no impacts on its industrial deals that it has sealed with global corporations.
Austria says it plans to establish several banks in Iran in what could make it the first European country to take the initiative to facilitate post-sanctions trade activities with the Islamic Republic.
The US House Rules Committee announced on Thursday that it is preparing to debate legislation that aims to block US financing for sale of $25 billion worth of planes to Iran by American aviation giant Boeing.
Iran says it has launched the first passenger terminal at its only oceanic port thus making it possible to directly host visitors from Pakistan, India, Oman and beyond.
Iran says India has voiced interest to join an ambitious project to establish a multimodal transit corridor that starts in a key southern Iranian port and passes through several Central Asian states before reaching Europe through sea.
Iranian Foreign Minister Mohammad Javad Zarif and his Romanian counterpart, Lazar Comanescu, have signed two documents of cooperation during a meeting in the Romanian capital of Bucharest.
Markets around the world have been plunged into turmoil on the news that Donald Trump won the US presidential race.
Iran says it has drawn serious plans to boost exports of hand-woven carpets to the United States, adding that it is already sending about a third of its total global sales to US market.
Iran says it expects to finalize the much-awaited plane purchase deals with global aviation giants Boeing and Airbus in the near future.
Iran sets no limitations for the return of shipping and liner companies to the country’s ports, a senior Iranian official says.
Iran says it will start direct exports of its traditional hand-woven carpets to the United States from early 2017.
Britain says it has put the resolving of banking problems that are hampering trade with Iran at the top of its priorities.
Three foreign banks are in the process of opening branches in Iran, the country’s vice central bank governor says.
Iran says it has finalized a cooperation agreement with China that would allow Chinese traders to use the Iranian territory for exports to Europe.
Iran has refreshed criticisms against the US for failing to facilitate international trade with the country as required by a nuclear deal sealed last year.
New indications show Germany may join an ambitious project to develop a new multimodal transit corridor that connects northern Europe to India. The purpose: getting connected to Iran.
A top official in Tehran has accused European government of failing to take the required measures to facilitate trade agreements with Iran – what he says is already in violation of a nuclear agreement that was sealed with the country last summer and came into effect in January.
Figures released by the Customs Administration of Iran show that the country’s exports from Germany have increased by 25 percent.
Iran says its exports of hand-woven carpets to the United States have reached around $50 million since the removal of sanctions in January.
Iran has signed initial agreements with Germany’s Hermes insurance firm and Swiss Export Risk Insurance (SERV) to provide cover for transactions with Europe, IRNA news agency says.
Iran’s central bank governor has appealed to Asian investors to jump on “unprecedented opportunities” created after the lifting of sanctions on the country.
The British government has announced that it has removed Bank Saderat Iran (BSI) from its list of sanctioned entities.
Iran says it is looking into the possibility of using the facilities of German financial institutions to fund its purchases of planes from aviation giants such as Airbus and Boeing.
Iran says Germany’s Deutsche Bank has started to provide financial services related to the country’s oil trade – an announcement that could show the ice in doing business with the Islamic Republic in a post-sanctions era is already thawing.
KLM Royal Dutch Airlines, the flag carrier airline of the Netherlands, has officially resumed flights to Iran after a hiatus of over three years.
German engineering giant Siemens says it is preparing to sign a major deal with Iran to develop the country’s railway system.
Britain’s Vodafone says it will partner with an Iranian internet service provider to improve mobile network and IT infrastructure in the Middle Eastern country.
TEHRAN (FNA)- Italian investors have indicated their readiness to finance construction of the PDH and PP units of Jam Petrochemical Plant.
TEHRAN (FNA)- Paul Munk Andersen, Deputy Managing Director of Maersk Group, that is a Danish business conglomerate, says his company is ready for activity in the upstream sector of Iranian oil industry.
TEHRAN (FNA)- Secretary of the 18th International Marine Industries Conference and Offshore Technological Exhibition (18-21 Oct. 2016- Kish Island, Iran), Saeed Mazaheri, says foreign companies are in Iran for the sake of investment.
Iran says the US Treasury Department has effectively opened the way for non-American banks and financial institutions to proceed with dollar-dominated transactions with Iranians.
Iran says technical issues are to blame for the delay in receiving the airplanes it has purchased from global aviation giants Airbus and Boeing.
A major Iranian telecommunications operator has confirmed that it has an international roaming service deal with America’s AT&T.
TEHRAN (FNA)- Managing director of Pars Oil and Gas Company (POGC) Ali Akbar Shabanpour says platforms 19b and 20 of the South Pars gas field will hopefully become ready for startup by the end of the current Iranian calendar year to March 2017.
TEHRAN (FNA)- Lebanese Industry Minister Hussein al-Hajj Hassan in a meeting with Vice-Chairman of Irans Chamber of Commerce, Industries and Mines Pedram Soltani called for expanding Tehran-Beirut relations, specially in economic fields.
TEHRAN (FNA)- Tehran and Yerevan are working on a plan to set up a free economic zone along the two countries borders.
TEHRAN (FNA)- Iranian Foreign Minister Mohammad Javad Zarif announced that his government will guarantee investment by the country’s private sector in the Latin American countries, including Nicaragua.
TEHRAN (FNA)- Iranian Foreign Minister Mohammad Javad Zarif and Ecuadorian President Rafael Correa in a meeting in Quito explored avenues to boost regional and international cooperation between the two countries.
TEHRAN (FNA)- Iranian Minister of Communications and Information Technology Mahmoud Vaezi underlined that several international mobile operators have voiced their willingness to invest in Irans telecommunication projects.
TEHRAN (FNA)- Iranian Ambassador to Kabul Mohammad Reza Bahrami in a meeting with Afghan Chief Executive Abdullah Abdullah in Kabul on Monday called for boosting the volume of trade exchanges between the two countries.
TEHRAN (FNA)- Member of the Parliament’s National Security and Foreign Policy Committee, Ali Najafi, says investment restrictions prevent Iran from attaining its rights in the joint fields.
TEHRAN (FNA)- Managing Director of Special Economic Zone Organization Mehdi Youssefi said on Tuesday that Iran will precede Qatar in extraction of gas from SouthPars.
TEHRAN (FNA)- Construction of the second and the third power-generating units for the Bushehr-2 nuclear power plant in Iran (NPP) may begin in 2016, Russian Energy Minister Alexander Novak said Monday.
TEHRAN (FNA)- Iran’s Oil Minister Bijan Namdar Zanganeh accompanied by a delegation headed by President Hassan Rouhani is in Baku. Since November 2014, this is Zanganeh’s second trip to Baku.
TEHRAN (FNA)- Iranian Minister of Communications and Information Technology Mahmoud Vaezi and Azeri President Ilham Aliyev in a meeting in Baku underlined the need for the further expansion of mutual cooperation between the two countries.
TEHRAN (FNA)- Irans Deputy Road and Urban Development Minister Asqar Fakhriyeh Kashan announced that the country has planned cooperation with Italy on development of its infrastructural projects in which the Italian companies will merely take charge of financing the projects.
TEHRAN (FNA)- Iranian engineers have successfully carried out measures to reverse-engineer the SGT-100 industrial gas turbine that is originally supplied by Siemens.
TEHRAN (FNA)- Iranian Parliament Speaker Ali Larijani underlined that the country is capable of providing energy security for the European countries.
TEHRAN (FNA)- The officials of the Central Bank of Russia announced preparedness of major banks in their country to establish broker relations with their Iranian counterparts.
TEHRAN (FNA)- National Iranian Drilling Company (NIDC) has localized construction of crane booms for offshore drilling operations, an NIDC official said.
TEHRAN (FNA)- The International Energy Agency (IEA) released a report saying the world’s crude oil production has decreased for the first time since 2013.
TEHRAN (FNA)- Iran and Armenia are planning to complete their third power transmission line in less than two years, a senior energy official announced on Wednesday.
TEHRAN (FNA)- A senior Swiss trade official underlined his countrys companies are eager to broaden mutual cooperation with their Iranian counterparts.
TEHRAN (FNA)- Iranian Economy Minister Ali Tayyebnia and Director General of the Austrian Control Bank Rudolf Scholten in a meeting in Vienna discussed bilateral ties, specially in economic fields.
TEHRAN (FNA)- Sweden Trade Council (STC) is due to establish an office in Iran to help further develop economic relations between the two countries, Iranian officials announced.
TEHRAN (FNA)- Iranian Foreign Minister Mohammad Javad Zarif and Polish Prime Minister Beata Szydło in a meeting in Warsaw underlined the need for broadening of mutual cooperation, specially in economic and trade fields.
TEHRAN (FNA)- Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia underlined Lithuanias interest in the production of Liquefied Natural Gas (LNG) in Iran.
TEHRAN (FNA)- Iranian Ambassador to Tokyo Reza Nazar Ahari called on major Japanese banks to expedite resumption of normal ties with Iran.
TEHRAN (FNA)- Iranian Ambassador to Sarajevo Seyed Hossein Rajabi and Governor of the Central Bank of Bosnia-Herzegovina (CBBH) Senad Softić in a meeting underlined the need for the further expansion of banking cooperation between the two countries.
TEHRAN (FNA)- Danish Ambassador to Tehran Danny Annan in a meeting with a high-ranking Iranian trade delegation in South Khorassan province voiced his countrys willingness to broaden mining cooperation with Iran.
The US media have reported that the administration of President Barack Obama is moving to finalize a deal with Iran worth $8.6 million to buy heavy water from Iran.
Criticisms are rising against the US Treasury Department for what lawyers say is its failure to clear up the ambiguity caused by a maze of overlapping sanctions and exemptions over Iran trade issues.
TEHRAN (FNA)- Managing director of National Petrochemical Company (NPC) underlined the significance of observing social responsibility principles by petrochemical and industrial units.
TEHRAN (FNA)- A delegation of Croatias businessmen arrived in Tehran on Monday to broaden bilateral relations with their Iranian counterparts.
US Secretary of State John Kerry on Thursday told Britain’s top banks that they will not be penalized for conducting or facilitating business with Iran, but still blamed the reluctance of global corporations for doing business with Iran for the slow recovery that Iran expects after the removal of the sanctions.
New indications have appeared in the US that show global investments have not increased to the extent Iran expected after the international community lifted the nuclear-related sanctions on the country.
TEHRAN (FNA)- Technix, a bitumen heavyweight based in New Zealand, says it is looking to form partnerships with Iranian companies now that it has found working with Venezuelan companies impossible due to "graft and corruption" in the Latin American country.
TEHRAN (FNA)- Managing Director of the Persian Gulf Petrochemical Industry Company (PGPIC) Adel Nejad-Salim said that this holding has planned to open its offices in Europe in the near future.
TEHRAN (FNA)- Lebanese Foreign Minister Gebran Bassil voiced his countrys willingness to take part in Irans joint ventures.
TEHRAN (FNA)- Managing Director of Irans national carrier, Iran Air (Homa), Farhad Parvaresh announced that two German and French banks will help Iran to purchase Airbus and ATR aircraft.
TEHRAN (FNA)- Iranian Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh on Tuesday cautioned Seoul traders and companies that his country wants real partnership in production and will no more allow foreign firms to export products to Iran through launching assembly lines in the country.
TEHRAN (FNA)- Tehran and Seoul signed over a dozen more cooperation pacts in the Iranian capital on Tuesday after the endorsement of 19 agreements on Monday.
TEHRAN (FNA)- Vice President of the Chamber of Commerce of Lower Austria Christian Moser said Vienna is in talks to seal cooperation deals with Iran in commerce.
TEHRAN (FNA)- Afghanistan’s Deputy Foreign Minister Hekmat Karzai said Tehran, Kabul, and New Delhi are going to finalize the deal on the development of Iran’s Chabahar port very soon.
TEHRAN (FNA)- Parliament Speaker Ali Larijani held talks with President of the Senate of Belgium Christine Defraigne in Tehran on Wednesday.
TEHRAN (FNA)- Canada’s aviation giant Bombardier said it is discussing establishment of its own airline in Iran.
TEHRAN (FNA)- Iran and Italy sealed a deal to build 100 solar power plants in the northwestern province of Qazvin.
TEHRAN (FNA)- First Vice President Eshaq Jahangiri said Iran and Uruguay should set up a joint economic commission to facilitate trade.
TEHRAN (FNA)- Iranian Parliament Speaker Ali Larijani underlined that the cooperation between Tehran and Moscow on the construction of two more nuclear power plants in Southern Iran is moving on the right track.
TEHRAN (FNA)- Changouleh is one of the important oil fields in West Karoun region in southwestern Iran. Foreign companies have time and again shown interest in getting involved in development of this untapped field which Iran shares with neighboring Iraq.
TEHRAN (FNA)- Head of the Middle East Department of the Czech Republic Chamber of Commerce Ilja Mazanek said many firms in his country are interested in investing in Iranian projects.
TEHRAN (FNA)- First Vice President Eshaq Jahangiri on Monday urged the United States government to stop putting pressure on global financial institutions that are reviving ties with Iran.
TEHRAN (FNA)- Persian Gulf Holding Company (PGHC) is seeking to enhance public contributions to petrochemical projects in the current Iranian calendar year which began on March 20, PGHC head said.
TEHRAN (FNA)- Deputy Transport Minister Ali Abedzadeh said Iran and France have agreed to jointly launch aviation training schemes in Iran, including pilot and personnel training programs.
TEHRAN (FNA)- Iranian Foreign Minister Mohammad Javad Zarif underlined that Tehran was never keen on resuming economic relations with the US, urging Washington not to interfere in Irans trade ties with other countries.
TEHRAN (FNA)- Iranian Minister of Petroleum Bijan Zangeneh says Tehran supports moves like the Doha conference which are aimed at tackling the consistent market volatility, saying that OPEC member "Iran has never had a role in the market instability".
TEHRAN (FNA)- Iran and Kazakhstan signed an agreement on Wednesday to cooperate in joint mining projects.
TEHRAN (FNA)- Head of Tunisias National Resistance Society Shamseddin al-Rawasi revealed that Saudi Arabia is attempting to dissuade countries which have signed economic agreements with Iran from implementing their deals.
TEHRAN (FNA)- World cereal production in 2016 is set to amount to 2 521 million tons, just 0.2 percent off last years large output and the third-highest global performance on record, according to FAOs first forecast for the new season, released on Wednesday.
TEHRAN (FNA)- First Vice-President Esaqh Jahangiri underlined programs for optimization of energy use as a lever for booting the countrys development.
TEHRAN (FNA)- A senior Iranian petrochemical official says India is a major market for Irans petrochemical products given New Delhis 7% economic growth.
TEHRAN (FNA)- Experts from Iran and Japan are to meet in Tehran on May 17 to discuss the technology for establishing high-speed rail in intercity transportation, Iranian media said on Tuesday.
TEHRAN (FNA)- Head of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeidi said Iran and Kazakhstan have agreed on the establishment of a joint shipping company.
TEHRAN (FNA)- Abdolreza Hosseini, the managing director of a plane company in Yazd, said his company has signed a contract worth 30 million euros with the Italian firm Tecnam to manufacture small planes in Iran.
TEHRAN (FNA)- Iran and Italy signed six cooperation agreements to broaden ties in trade, culture, and economy.
Iran’s media reported on Thursday that the country’s exports to the United States increased six times over a period of 11 months starting March 2015.
The US State Department said on Wednesday that it is advising foreign banks on how to avoid the remaining primary sanctions on Iran.
TEHRAN (FNA)- Iranian Minister of Petroleum Bijan Zangeneh has said the country will launch phases 17 and 18 of the supergiant gas field by the end of the current Iranian calendar year to March 19.
TEHRAN (FNA)- Iran needs nearly 55 billion dollars in new investments to finance dozens of petrochemical development projects, deputy petroleum minister in petrochemical affairs said.
TEHRAN (FNA)- Iranian Minister of Petroleum Bijan Zangeneh has said Iran will launch major petrochemical projects during the current Iranian calendar year which began on March 20 with an investment of $5b.
TEHRAN (FNA)- Iran stood fourth in the world by increasing its power generation capacity to 74,095 megawatts (MW) last calendar year (ended March 19).
TEHRAN (FNA)- German Minister of Food and Agriculture Christian Schmidt is scheduled to visit Tehran on April 10 for cooperation talks.
TEHRAN (FNA)- An Iranian oil tanker has called at an African port for the first time since the removal of US-led sanctions on Tehrans nuclear program, an official said.
TEHRAN (FNA)- Head of the Iranian Association of Petroleum Industry Engineering and Construction Companies have voiced the associations readiness to help boost the petrochemical sector in a ban-free Iran.
TEHRAN (FNA)- Irans Persian Gulf Holding Company is to sign a $7b deal with a prominent European company to develop a petrochemical project in Assaluyeh, south of Iran, PGHC head said.
TEHRAN (FNA)- Managing director of the Busher Petrochemical Plant’s construction project said that following activation of the project’s 1.9-billion-euro finance, the first phase will be launched by end of the year (March 20).
TEHRAN (FNA)- Chairman of Pakistans Senate Reza Rabbani on Wednesday stressed the need for greater cooperation with Iran in trade and economy.
TEHRAN (FNA)- Director of Astara Agricultural Jihad Bureau Iraj Shiarkar said agro products to the tune of $188 million were exported from the western port city last Iranian calendar year (ended March 20).
TEHRAN (FNA)- Parliament Speaker Ali Larijani said prospects for Irans economy are positive, adding that the Supreme Leaders guidelines have depicted an appropriate path to national development and growth.
TEHRAN (FNA)- A high-ranking delegation of 110 Iranian traders is heading to Austria on Tuesday to visit industrial and service centers, and meet with officials and counterparts there, the Iranian foreign ministry said.
TEHRAN (FNA)- Energy Minister Hamid Chitchian said Iran is set to increase its export of electricity to Pakistan to 3,000 megawatt.
New data by the Islamic Republic of Iran Customs Administration (IRICA) shows ‘unprecedented’ surplus in the country’s foreign trade over the past Iranian calendar year (ended March 19).
A joint venture to manufacture cars in the Persian Gulf sultanate of Oman by Iran will begin in a year, an Iranian official has said.
TEHRAN (FNA)- The central banks of Iran and Iraq signed a cooperation agreement to facilitate trade exchange between the two neighbors.
TEHRAN (FNA)- Adviser to Pakistan’s Prime Minister on Foreign Affairs Sartaj Aziz said President Hassan Rouhani is scheduled to visit Islamabad on March 25-26 to discuss trade and economy.
TEHRAN (FNA)- Pakistan has invited Iranian President Hassan Rouhani to Islamabad to enhance trade cooperation between the two neighbors.
TEHRAN (FNA)- Iranian Economy Minister Ali Tayyebnia in a message to Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei assured him that his ministry will spare no efforts to materialize the resistance economy goals.
TEHRAN (FNA)- Iranian Parliament Speaker Ali Larijani underlined the importance of Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khameneis Nowruz message, and said the legislature is fully prepared to help implementation of resistance economy.
TEHRAN (FNA)- Turkish Prime Minister Ahmet Davutoglu in a meeting with Iranian Foreign Minister Mohammad Javad Zarif described Tehran and Ankaras economies as complementary, and stressed the need for the further consolidation of ties and cooperation.
Iran this past week resumed trading with the West when a container ship belonging to one of its key shipping companies docked at Hamburg.
The media in Turkey have reported that two Iranian lenders are planning to do business in the Turkish market – a move which is being praised for its potential positive effect on the country’s investment rating by international institutions.
Iran’s President Hassan Rouhani says the country seeks to achieve an economic growth rate of five percent during the new Iranian calendar year, which started on March 20.
TEHRAN (FNA)- Iranian and Malaysian officials in a meeting in Kuala Lampur discussed different avenues to further broaden bilateral relations and mutual cooperation between the two big Muslim nations.
TEHRAN (FNA)- South Korean Prime Minister Hwang Kyo-ahn said the nuclear agreement between Tehran and the six world powers (the US, Russia, China, France, Britain and Germany) in Vienna on July 14 has paved the way for the further expansion of cooperation between his country and Iran, specially through the private sector.
TEHRAN (FNA- Malaysian Minister of International Trade and Industry Mustapha Mohamed underlined that Kuala Lumpur is highly interested in strengthening its presence in the Iranian market.
Iran’s media reported on Thursday that four more of the country’s banks have been reconnected to SWIFT, the global provider of secure financial messaging services.
The US Treasury Department has given a sanctions violation notice to the US payment system MasterCard over an alleged credit card cooperation scheme with two blacklisted Iranian banks.
TEHRAN (FNA)- Iranian Foreign Minister Mohammad Javad Zarif held a meeting with Australian traders and investors to discuss ways to facilitate bilateral trade relations.
The Islamic Republic of Iran and Vietnam have expressed readiness to cooperate on Information and Communications Technologies (ICT).
The Statistical Center of Iran has announced that the Iranian economy grew 0.7 percent in the first nine months of the current Iranian calendar year (ending March 19).
TEHRAN (FNA)- New Zealands Ministers of State-Owned Enterprises and Primary Industries Todd Mcclay and Nathan Guy said they are willing to expand trade cooperation with Iran.
TEHRAN (FNA)- Head of Securities and Exchange Organization of Iran Mohammad Betanat said on Monday that South Korea’s President Park Geun-hye is scheduled to visit Tehran in April for trade and business.
TEHRAN (FNA)- Minister of Communications and Information Technology Mahmoud Vaezi said Iran is willing to cooperate with Russia in infrastructural projects.
TEHRAN (FNA)- Iranian Foreign Minister Mohammad Javad Zarif and New Zealands Prime Minister John Key in a Sunday meeting in Wellington discussed ways to broaden cooperation in trade and economy.
TEHRAN (FNA)- Iranian President Hassan Rouhani said Tehran and Hanoi have agreed to raise the volume of their trade exchanges to $2bln in the next five years.
TEHRAN (FNA)- Foreign Minister Mohammad Javad Zarif said Iran is all set to host the first meeting of the tourism minsters of the Asia Cooperation Dialogue (ACD) in September 2016.
TEHRAN (FNA)- The Iranian industrial group MAPNA and the German equipment manufacturer, Siemens, signed a contract worth $3.5bln, a trade official announced on Wednesday.
TEHRAN (FNA)- Iranian Deputy Foreign Minister Majid Takht Ravanchi and Secretary General of the Dutch Foreign Ministry Rene Jones in a meeting in Tehran on Wednesday underlined the need to expand bilateral relations.
TEHRAN (FNA)- President of public think tank Korea Energy Economics Institute (KEEI) says Korean companies are eager to invest in Irans energy sector given the countrys role in energy markets.
TEHRAN (FNA)- Deputy Minister of Communications and Information Technology Mehdi Mohtashami said Tehran and Moscow have agreed to invest in joint infrastructural ventures.
TEHRAN (FNA)- Norwegian Ambassador in Tehran Odyssey Norheim underlined that Norway and Iran are keen to boost the level of their bilateral relations.
Iran says it has invited US plane manufacturer Boeing for talks with Iranian companies on modernizing its fleet.
TEHRAN (FNA)- The Indian exporters have complained about lack of restoration of SWIFT mechanism for Iranian banks which creates problems for Indias traders, media reports said.
TEHRAN (FNA)- Iranian Parliament Speaker Ali Larijani lashed out at the western governments, specially the US, for their delayed compliance with their nuclear deal undertakings.
TEHRAN (FNA)- A major Czech business delegation is scheduled to visit Tehran and Gilan provinces in April for investment talks, said Chargé DAffaires of the Czech Embassy in Tehran Peter Stephen.
TEHRAN (FNA)- Energy Minister Hamid Chitchian is due to visit Germany Tuesday night to sign an agreement with Siemens company to transfer to Iran the technology of building turbines for thermal power plants.
TEHRAN (FNA)- A broad range of factors that should be addressed is influencing on the energy market, Russia’s Foreign Minister Sergey Lavrov said on Monday.
TEHRAN (FNA)- Iran and Singapore on Monday signed an agreement on promotion and protection of investment deals between the two countries.
TEHRAN (FNA)- Russian Minister of Agriculture Alexander Tkachev said Tehran and Moscow should resolve all the outstanding issues immediately in order to double the volume of bilateral trade exchanges.
TEHRAN (FNA)- Tehran and Bucharest are working on an economic roadmap aimed at boosting bilateral trade ties, Iranian Foreign Minister Mohammad Javad Zarif said.
TEHRAN (FNA)- Iranian Energy Minister Hamid Chitchian and his South Korean counterpart in a meeting in Tehran on Tuesday discussed ways to renew and broaden energy cooperation.
TEHRAN (FNA)- Head of the Atomic Energy Organization of Iran Ali Akbar Salehi said Tehran is willing to begin cooperation with South Korea in the field of nuclear technology.
TEHRAN (FNA)- Danish Ambassador to Iran Danny Annan Denmark said his country is set to invest in the north-western province of Zanjan.
TEHRAN (FNA)- A senior petrochemical official said American and European firms are ready to implement Iran’s new petrochemical development projects.
TEHRAN (FNA)- Iranian Deputy Foreign Minister Hossein Amir Abdollahian said Tehran is confident that the Syrian government will not violate the ceasefire agreement which is due to start on February 26 at midnight Damascus time.
TEHRAN (FNA)- President Hassan Rouhani said Iran is the best international corridor for millions of passengers jetting between the capital cities of the East and the West.
TEHRAN (FNA)- Iran and Turkmenistan have agreed to increase the value of bilateral trade to $60 billion over the next decade, said Iranian Vice President for Executive Affairs Mohammad Shariatmadari.
TEHRAN (FNA)- A delegation of Italian automaker Fiat SpA is in Tehran to hold talks on joint ventures with the Middle-Easts largest automaker, Iran Khodro Company (IKCO).
TEHRAN (FNA)- A Kazakh trade delegation which has recently visited Tehran described Iran as one of the most important business partners for Bishkek.
TEHRAN (FNA)- Iran’s Ambassador in Algiers Reza Ameri called on Algerian entrepreneurs and companies to visit Tehran to step up efforts to boost economic cooperation between the two countries.
TEHRAN (FNA)- A member of Irans Chamber of Commerce voiced the private sectors readiness to enter into join investments in energy sector.
TEHRAN (FNA)- Iranian Minister of Petroleum Bijan Zangeneh said Tehran-Baku ties are at an acceptable level but "Our general policy is to become closer to this country."
TEHRAN (FNA)- Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi foresees that Iran will be able to sign 10 to 15 billion dollars of the new petroleum contacts by next year.
TEHRAN (FNA)- Deputy Petroleum Minister for International Affairs and Commerce said Iran supports Pakistan’s policy of diversifying its gas import sources including buying much needed natural gas from neighboring Iran.
TEHRAN (FNA)- Former Pakistani Prime Minister Raja Parviz Ashraf highlighted the need to revitalize and broaden relations with Iran, specially in trade, adding that the two neighbors see no obstacle to this end.
TEHRAN (FNA)- Omani ministers of foreign affairs and industry met with Iranian Minister of Petroleum Bijan Zangeneh in Tehran on Sunday to discuss energy cooperation with the ban-free Iran.
TEHRAN (FNA)- The Iran Mercantile Exchange (IME) announced that around $116mln of various commodities weighting over 413,800 tons were traded in its domestic trading and exports halls in the past working week (Feb 13-18).
TEHRAN (FNA)- Iran’s Ambassador to Uzbekistan Bahman Agharazi said on Monday that Tehran and Tashkent are increasing cooperation in various economic fields.
TEHRAN (FNA)- Iranian Energy Minister Hamid Chitchian said Tehran, Baku, Tbilisi and Moscow have a lot to gain by agreeing to build new power transmission links.
TEHRAN (FNA)- Ukrainian Ambassador in Tehran Sergei Buldiliak said his country is willing to enter into joint ventures with Iran in energy and aircraft manufacturing.
The European Unions top court has ruled that the assets of Irans Bank Mellat had been unfairly frozen from 2010, citing an "error of law."
Norway says it has allowed its massive pension fund, the world’s biggest sovereign wealthfund, to resume Iranian government bond purchases following the removal of sanctions against Tehran.
TEHRAN (FNA)- Foreign Minister Mohammad Javad Zarif said in cooperation with the European Union, Iranian banks have re-engaged with the banking world as international lenders link up with their Iranian counterparts using global transaction network SWIFT.
TEHRAN (FNA)- Iranian Foreign Minister Mohammad Javad Zarif said he held talks with US Secretary of State John Kerry on the sidelines of the 52nd Security Conference in Munich.
TEHRAN (FNA)- The deal includes orders for 20 planes plus 20 options and is valued at one billion euros.
TEHRAN (FNA)- Russia could supply about 100 short-haul passenger aircraft Sukhoi Superjet 100 to Iran, Vice-President of the Russias United Aircraft Corporation (UAC) Vladislav Masalov said Tuesday at the Singapore Airshow 2016.
TEHRAN (FNA)- The best time for Japanese companies and businesses to re-enter the post-sanctions Iranian market is now, said Deputy Foreign Minister for International and Legal Affairs Abbas Araqchi.
TEHRAN (FNA)- The Central Bank of Iran and 15 other banks have re-engaged with the banking world as international lenders link up with their Iranian counterparts using global transaction network SWIFT, said the head of Presidential Office Mohammad Nahavandian on Tuesday.
TEHRAN (FNA)- A number of German banks and companies are expected to open Iranian branches, said Bavarias Economy Minister Ilse Aigner on Tuesday.
TEHRAN (FNA)- Government Spokesman Mohammad Baqer Nobakht said Iran will not normalize ties with Saudi Arabia so long as it refuses to change aggressive policies against the regional states.
TEHRAN (FNA)- High-ranking officials from the two Iranian and German companies of IDEM and Daimler agreed on producing three engines in IDEM – Iranian Diesel Engine Manufacturing Company.
TEHRAN (FNA)- Managing Director of Research and Technology Center at the National Iranian Petrochemical Company Esmaiil Ghanbari said talks are underway with European and Asian petrochemical firms on purchase and transfer of modern technology to Iran.
TEHRAN (FNA)- Pars Special Economic Energy Zone (PSEEZ) exports items to 29 countries, managing director of PSEEZ said.
TEHRAN (FNA)- Nouri (Borzouyeh) Petrochemical Plant produced 262,000 tons of petrochemical products during the period between March and December 2015 which is 97% of its envisaged output.
TEHRAN (FNA)- Iranian petrochemical plants processed 38.72 million tons products during the first 10 months of the current Iranian calendar year which began on March 21.
Attractions of Iran’s tourism industry are drawing a stronger attention now that the country has opened its doors in light of the removal of economic sanctions last month.
Iran said on Thursday that several leading European airlines have presented plans to start making extraordinary trips to its Imam Khomeini International Airport (IKIA) in late March.
Almost a month after Iran saw a series of nuclear-related economic sanctions lifted, new indications show certain segments of the Iranian economy still remain shut out in what could be a violation of the nuclear deal that the country reached with the P5+1 last summer.
TEHRAN (FNA)- President of Italian Trade Agency says there is much appetite for entering Iran by Italian companies now that sanctions on Tehrans nuclear agenda have been lifted by the international community.
TEHRAN (FNA)- Iranian Offshore Oil Company (IOOC) has launched a new housing complex in the Persian Gulf island of Siri where all the water is heat by solar power.
Iran and Japan are discussing flights between their capitals both by national flag carrier Iran Air and multiple airlines, a report says.
TEHRAN (FNA)- Iranian Minister of Petroleum Bijan Zangeneh said development of South Pars offshore gas field is the top priority of the Iranian Ministry of Petroleum and the Rouhani administration.
TEHRAN (FNA)- Tehran has signed 2 contracts with Rome to promote and strengthen bilateral cooperation in the aviation industry, Transport Minister Abbas Akhoundi announced, adding that Italy is also due to build railway networks in Iran.
TEHRAN (FNA)- Italy has agreed to transfer the modern technology of navigation systems to the Iranian airports, Italian Transport Minister Graziano Delrio said on Tuesday.
Iran is reportedly looking to lease land in Kenya, Uganda and Tanzania for large-scale food production to serve local and export markets.
Iran Khodro – the leading Iranian automaker – said on Sunday that it has been offered a lucrative package of incentives by the French auto giant Peugeot as compensation for its abrupt departure from Iran in 2012.
Iran and Russia are working toward removing visa requirements for their citizens at a time of a changing geopolitical landscape which has made closer tourism cooperation more viable.
TEHRAN - Germany’s copper producing company Mansfelder Kupfer und Messing GmbH (MKM) signed a memorandum of understanding, worth €1 billion, to invest in a number of mineral projects including the ones in downstream copper industries in Iran.
TEHRAN (FNA)- Adviser to Irans supreme leader Ali Akbar Velayati said that the contracts between Tehran and Moscow concern the construction of the second and third units of Irans Bushehr nuclear power plant, as well as the development of the Islamic Republics railways.
Iranian stocks have climbed to their best performance in a year, buoyed by international rush for business in the wake of a nuclear deal which went into effect last month.
Iran’s Ministry of Agriculture bans state imports of wheat in the coming Persian year which begins on March 20, ordering officials to stop registering new purchase orders.
Iran and South Korea have agreed to maintain their won-based trade as Seoul seeks to manifold economic exchange, reports say.
Austria’s Raiffeisen Bank International (RBI) says it wants to open a branch in Tehran “as quickly as possible,” becoming the first foreign lender to set up shop in Iran after the lifting of sanctions.
TEHRAN (FNA)- Economy Minister Ali Tayyebnia said on Wednesday that post-sanctions Iran is now open for Japanese trade, business and investment.
TEHRAN (FNA)- Russian truck maker Kamaz is ready to resume truck assembling in Iran. The assembly line of Kamaz worked in Iran from 2007 to 2010, Chief Executive of Kamaz Foreign Trade Company Rafail Gafeev said.
The French carmaker PSA Peugeot Citroën said on Thursday that it had signed a binding contract with Iran’s leading vehicle manufacturer Iran Khodro to produce a range of cars in the country.
Iran and France on Thursday signed a series of basic trade deals thought to be worth billions of dollars during a historic visit to Paris by the Iranian President Hassan Rouhani.
Turkey is pitching a series of plans to attract more tourists from Iran as the number of visitors from Russia and Europe is shrinking.
TEHRAN (FNA)- Iran has increased electricity exports to its Western neighboring countries, Deputy Energy Minister Houshang Fallahatian announced on Wednesday.
TEHRAN (FNA)- Iranian Ambassador to Beirut Mohammad Fathali and Lebanese Economy and Trade Minister Alain Hakim in a meeting in Tehran on Wednesday underlined their countries determination to further broaden mutual cooperation, specially to set up a joint economic and trade commission.
TEHRAN (FNA)- A visiting delegation of Polish traders said on Wednesday they are interested in investing in Aras Free Trade Zone (AFTZ) in Northwestern Iran.
TEHRAN (FNA)- POSCO is in talks with Iranian steelmaker PKP to export its FINEX technology, a next-generation and eco-friendly steelmaking technology, according to a government source.
TEHRAN (FNA)- Iranian Bank of Industry and Mine says it will finalize financing of 6 petrochemical projects in the near future.
TEHRAN (FNA)- Eurasian Development Bank Chief Dmitry Pankin announced on Tuesday that Iran will most likely become a member of the EDB by the end of March.
TEHRAN (FNA)- Iran’s Bank Mellat opened accounts in European banks to receive 2.1 billion euro oil debts from Shell.
TEHRAN (FNA)- Iran and Italy signed business deals worth billions of dollars on Monday at the start of a visit to Europe by President Hassan Rouhani aimed at rebuilding his nations ties with the West after sanctions.
TEHRAN (FNA)- Airbus confirmed on Monday that it was poised to begin negotiations with Iran for the sale of dozens of new commercial aircraft, part of a raft of international business that is expected to flow toward Tehran since its nuclear deal came into force and economic sanctions were lifted.
TEHRAN (FNA)- Jan 24 Irans Kish Air is talking to Airbus about buying six of its A321 jets and is also studying possible purchases from Brazils Embraer, the Kish Air chief executive said on Sunday.
TEHRAN (FNA)- Pakistan can become a major energy exporter from its western neighbor, chief minister of Pakistan’s Balochestan Sanaullah Zehri said.
TEHRAN (FNA)- Tehran has issued a decree forbidding the re-export of Turkish products banned by Russia, as Iran reemerges from a decades-long economic blockade and aims for tightening cooperation and establishing a foothold in the Russian markets.
TEHRAN (FNA)- The Iranian Energy Ministry plans to increase the volume of power generation through utilizing renewable energies.
TEHRAN (FNA)- Foreign Ministry Spokesman Hossein Jaberi Ansari said with the nuclear mission accomplished, the priority for Iran now is resource and energy diplomacy.
TEHRAN (FNA)- Iranian Ambassador to New Delhi Gholamreza Ansari urged the Indian government to help that countrys private sector to invest in the development projects of Irans strategic port of Chabahar.
Russia has expressed hope that the Islamic Republic’s cooperation with the International Atomic Energy Agency (IAEA) will not be affected by politics as a nuclear agreement between the Islamic Republic and six world powers is being implemented.
Japans Suzuki Motor Corporation said on Thursday that it is considering re-entering the Iranian market after the recent removal of the economic sanctions on the country.
TEHRAN (FNA)- Iranian and British officials in a meeting in Tehran conferred on the latest developments in the region, voicing concern about the spread of terrorism.
Signs are emerging that the world’s biggest investors have already started moves to purchase shares in Iran’s stock market.
A top banking official in Tehran said on Thursday that the Industrial and Commercial Bank of China (ICBC) – the world’s largest bank by total assets – has request to open branches in Iran.
Iran has named 12 domestic banks that it says have now been reconnected to SWIFT, the global provider of secure financial messaging services, after the recent removal of economic sanctions against the country.
TEHRAN (FNA)- The Japanese government is expected to lift economic sanctions against Iran on Friday, national media reported Wednesday.
TEHRAN (FNA)- Managing Director of the National Petrochemical Company (NPC) Abbas Shari-Moqaddam said that value of Iran’s petchem exports will exceed 40 billion dollars by 2021 which marks termination of the country’s Sixth Five-Year Economic Plan.
TEHRAN (FNA)- Dutch Ambassador to Tehran Susanna Terstal visited Irans Research Institute of Petroleum Industry (RIPI) one day after the removal of draconian US-led sanctions on Tehrans nuclear program.
TEHRAN (FNA)- Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi said the International Atomic Energy Organization (IAEA) will treat his country as a normal member from now on that it has confirmed Tehrans compliance with the July nuclear deal.
TEHRAN (FNA)- Iranian banks received the opportunity to reconnect to SWIFT international payment system amid substantial relief of international sanctions imposed on Tehran in response to its nuclear program, SWIFT said in a statement.
TEHRAN (FNA)- The great Kingdom of Saudi Arabia — the long-time dictator of crude oil prices for the world — is struggling on all fronts, Business Insider said.
TEHRAN (FNA)- The West’s influence on Tehran-Moscow ties will weaken now that sanctions are lifted off Iran, Iranian Ambassador to Russia Mehdi Sanayee wrote on his LiveJournal blog on Monday.
TEHRAN (FNA)- Commenting on the lifting of Western sanctions against Iran, and the possible implications for the Russian-Iranian partnership, Syrian journalist Abbas Juma suggests that however events may unfold, the two countries have a rich history of relations to build on.
TEHRAN (FNA)- The government will swiftly lift Japan’s sanctions on Iran based on the new UN Security Council resolution, Foreign Minister Fumio Kishida said.
TEHRAN (FNA)- Managing director of the National Iranian Tanker Company (NITC) said that the firm’s oil tankers started set out to destinations on Monday insured by the Lloyds of London.
TEHRAN (FNA)- Terminals and Tankers Petrochemical Company (TTPC) loaded 15 million tons of petrochemicals during the 9 months since March 2015.
TEHRAN (FNA)- Experts forecast a revival of the currency war amid the yens advance against the dollar for the third time in three weeks and the euro gaining ground against most of its peers. As hedge funds raise their outlook on the yen to the highest in three years, market analysts suggest that “the currency war is still alive and well.”
TEHRAN (FNA)- Iranian private airline Mahan Air will operate direct flights to Moscow starting next week, Iran’s Ambassador to Russia Mehdi Sanaei said Wednesday.
TEHRAN (FNA)- Iran’s petrochemical industry is ready to attract new domestic and foreign investments in a bid to boost completion of its development projects, said a board member of the National Petrochemical Company (NPC).
TEHRAN (FNA)- Managing Director of the National Iranian Tanker Company (NITC) said on Wednesday that its vessels were attacked 70 times by pirates in 2015 specially in the Gulf of Aden basin which were aborted by the Iranian Navy.
TEHRAN (FNA)- The National Iranian Tanker Company (NITC) will commemorate the sixtieth anniversary of its foundation in a ceremony to be attended by international partners here on Sunday, the company’s managing director announced.
TEHRAN (FNA)- Plans regarding Saudi Arabias oil company privatization suggest that investors would receive no control over the company, while royal family members pillage its finances through state-controlled intermediaries.
TEHRAN (FNA)- Spanish, Japanese, Chinese, South Korean and Indian investors have expressed willingness to participate in Iranian refining projects, said the director of corporate planning at the National Iranian Oil Refining and Distribution Company (NIORDC).
TEHRAN (FNA)- Iran will launch six phases of the South Pars Gas Field by June 2016, said the managing director of the National Iranian Oil Company.
TEHRAN (FNA)- Pakistan and Iran have decided to lay railway track to connect Gwadar with the Iranian port city of Chabahar.
TEHRAN (FNA)- Secretary General of Gas Exporting Countries Forum (GECF) said the Middle Easts demand for natural gas will grow 64% by 2040.
TEHRAN (FNA)- The government managed to launch phases 15 and 16 of the South Pars Gas Field, Bushehr province, while the country has been under heavy Western sanctions and oil prices have declined to an 11-year low of about $30 per barrel.
TEHRAN (FNA)- Afghan Chief Executive Abdullah Abdullah underlined the necessity for using the potentials of Irans Southeastern Chabahar Port to increase cooperation between Kabul and Tehran in all fields.
Iran announced on Thursday that it has imposed a total ban on imports on any product which is originated in Saudi Arabia until a further notice.
Iran’s media reported on Thursday that Germany’s Siemens has won several deals to develop the country’s railway infrastructure.
TEHRAN (FNA)- The Iraqi Kurdistan Region voiced willingness to import fuel from Iran in a bid to overcome its energy problems.
Iran’s media said on Tuesday that a leading domestic dairy company has received the authorization to export its products to Russia.
Saudi Arabia’s largest food producer Savola says it will maintain business in Iran, brushing off speculation that its stake might be sold in the wake of a diplomatic spat between the two countries.
TEHRAN (FNA)- Oil prices have plunged about 60% since the summer of 2014, and it is not only hurting energy companies balance sheets — its also slowly killing off oil-rich countries economies, the latest being that of Saudi Arabia.
TEHRAN (FNA)- The Saudi riyal fell sharply against the US dollar in the forward foreign exchange market after relations between Saudi Arabia and Iran deteriorated, raising concern that dollar funding for the kingdom could become more expensive.
TEHRAN (FNA)- Saudi Arabias stock market dropped sharply after the kingdom cut its diplomatic ties with Iran.
TEHRAN (FNA)- The Iran Mercantile Exchange (IME) announced that around $598mln of various commodities weighting over 1,420,000 tons were traded in its domestic trading and exports halls in December.
Iranian officials said on Sunday that the country needs about 600 planes within the next 10 years, raising earlier estimates by around 150.
Iran and China are moving toward a crucial currency swap mechanism which is expected to help ease their mutual trade activities.
The impending removal of sanctions against Iran may mean the opening of the world’s largest economy to the world after the fall of the Soviet Union.
As Iran is moving toward a much-awaited removal of international sanctions, President Hassan Rouhanis administration has ordered the bankers to be ready for the imminent opening of the country’s doors to the international economy.
Iran has shipped its stockpile of low-enriched uranium to Russia as a key step in fulfilling its commitments under a landmark nuclear agreement clinched between Tehran and the P5+1 group of countries.
TEHRAN (FNA)- Governor of the Center Bank of Iran (CBI) Valiollah Seif in a meeting with Chairman of the Islamic Development Bank Ahmad Mohamed Ali in Tehran underlined the necessity for setting up a committee to compile the foundations and rules of Islamic banking for all IDB members.
TEHRAN (FNA)- Iran and Russia may start transactions in national currencies, Russian Industry and Trade Minister Denis Manturov said in a interview aired Saturday.
TEHRAN (FNA)- Research Institute of Petroleum Industry (RIPI) achieved the technology to produce cementing plugs used in deep oil and gas wells breaking the monopoly of American firms in the industry.
TEHRAN (FNA)- Managing director of the Iranian Offshore Engineering and Construction Company (IOEC) said the Iranian firm is in negotiations with foreign counterparts over launching offshore projects based on the newly introduced petroleum contract models (IPC).
TEHRAN (FNA)- The Iran Mercantile Exchange (IME) announced that around $124mln of various commodities weighting over 251,233 tons were traded in its domestic trading and exports halls in the past working week (Dec 19-24).
TEHRAN (FNA)- Tehran signed an agreement with Yerevan, Tbilisi and Moscow to synchronize power grid with them until 2019.
Russia announced on Tuesday that it is preparing to supply Iran with over a dozen Tu-204SM planes as well as a key state export loan in the near future.
Iran said on Tuesday that it has completed the preparations for establishing a joint bank account with Russia to facilitate trade between the two countries in their own currencies.
TEHRAN (FNA)- Bulgarian Foreign Minister Daniel Mitov described Iran as one of the most proper and important countries to meet the European Unions needs to gas supplies.
TEHRAN (FNA)- A senior petrochemical official said Iran will launch a section of Damavand Petrochemical Plant by the end of the current Iranian calendar year to March 21 2016.
TEHRAN (Tasnim) – Head of the Iranian Parliament’s Energy Commission Ali Marvi said a solar power plant is planned to be constructed in the northeastern city of Neishabour in the near future.
TEHRAN - Minister of industry, mine, and trade has said Iran is fully prepared to join the World Trade Organization (WTO).
TEHRAN– Russian Trade Minister Denis Manturov is going to travel to Tehran on December 19 to discuss expansion of bilateral ties, ISNA reported on Wednesday.
Russia announced on Wednesday that it is considering reduction or elimination of import duties on Iranian agricultural products – a measure that may have been meant to encourage larger exports of Iranian fruits and vegetables to Russia.
Indian officials say New Delhi will finalize a much-awaited deal with Tehran within the next few weeks over the development of Iran’s strategic Chabahar port.
TEHRAN (FNA)- With the standing Russian ban on food and other imports from Turkey showing no signs of being lifted any time soon, Iranian producers are ready to move in and fill the void.
Iran has labeled more than 200 goods made in the US ahead of the much-anticipated lifting of sanctions which could trigger an influx of foreign products.
Iran’s minister of economic affairs says the country has drawn up a comprehensive road map for boosting foreign trade during the post-sanctions era.
Iran imported $5.5 billion of GM products last year, with head of the country’s organic association saying the imports are threatening the health of consumers.
TEHRAN (FNA)- Iranian Deputy Foreign Minister Ebrahim Rahimpour and his Indonesian counterpart Abdorrahman Mohammad Fakher in a meeting in Jakarta underlined the need for the broadening of mutual cooperation between the two countries, specially in trade and economic fields.
TEHRAN (FNA)- Finnish minister of foreign trade and development says Iran abounds with investment opportunities for Finland, expressing hope that Tehrans nuclear deal will be a beginning for expanding mutual relations with Iran.
Iran says it has reached a basic agreement with France to re-establish mutual banking ties as soon as the sanctions against Tehran are removed.
Australia announced on Thursday that it is taking necessary legal actions to lift sanctions imposed on Iran in line with the implementation of the Joint Comprehensive Plan of Action (JCPOA) that was reached between Iran and the P5+1 in July.
Three automakers from Sweden, Germany and France will resume operations in Iran when a July nuclear accord goes into effect, Industry Minister Mohammad Reza Nematzadeh says.
Air France-KLM says it will resume direct flights to Iran after a seven-year gap as Europe moves to put trade ties back on track with a country described as the “Germany of the Middle East”.
TEHRAN (FNA)- The Petroleum University of Tehran has signed memoranda of understanding (MoU) with Austrias University of Leoben and the French IFP University to study Gachsaran Oilfield in western Iran.
Iran’s exports of caviar, a prized delicacy that can fetch more than $100 an ounce, are set to hit 1.5 tonnes this year, agriculture officials say.
TEHRAN (FNA)- Iranian Minister of Petroleum Bijan Zangeneh hosted a meeting with Swedish Industry Minister Mikael Damberg in Tehran on Sunday to discuss future ties with the European country.
TEHRAN (FNA)- Iranian Communications and Information Technology Minister Mahmoud Vaezi announced that Sweden is due to pursue increasing interactions with Iran through a trade office in the country.
Global payment operator MasterCard Incorporation is preparing to penetrate into the Iranian market as soon as the sanctions against Iran are lifted, the country’s media reported on Saturday.
Iran said on Saturday that a deal has been reached with South Korea to launch a joint shipbuilding venture between the two countries.
A new report released by a global research and consultancy group says Iran is capable of attracting USD 70 billion of investment in its petrochemical projects.
TEHRAN (FNA)- A group of German investors have agreed to establish solar power plants in Kerman Province, Southern Iran, a senior trade official announced on Wednesday.
TEHRAN (FNA)- Iran says Italian insurance agency Servizi Assicurativi del Commercio Estero (SACE) is ready to cover Tehran-Rome deals up to an unlimited ceiling.
TEHRAN (FNA)- High-ranking Iranian and Ecuadorian officials underscored the necessity for finding new ways to further expand bilateral trade relations between the two countries.
TEHRAN- Iran intends to use foreign companies’ technology for deep-water drilling in the Caspian Sea, said Karim Zobeidi, the official in charge of hydrocarbon reserves assessment at the National Iranian Oil Company (NIOC).
TEHRAN (FNA)- Organization of the Petroleum Exporting Countries (OPEC) released program of its upcoming ordinary 168th Conference which will be held in Vienna on Friday.
TEHRAN (FNA)- Iran tourism and travel agencies are mulling to boycott Turkish Airline after the Turkish national carrier asked them to increase their guarantee bonds.
India says it is interested in signing a preferential trade agreement with Iran when sanctions are lifted against Tehran, a press report says.
Daimler AGs commercial vehicles division says it is in talks with potential partners in Iran to resume production in the country as sanctions look set to be lifted.
Iran is taking the most vital step toward reviving foreign trade, activating banking and insurance ties in time for removal of sanctions to process transactions.
An Iranian car manufacturer is in talks with Italian automaker Fiat SpA to produce cars in Iran which is billed as the Middle East’s biggest auto market, a minister says.
A new report says Iran can earn more revenue from its mineral reserves than crude oil sales, if it takes appropriate measures to develop those reserves.
TEHRAN (FNA)- The director general of Irans Ministry of Petroleum for Forums on Energy and the Organization of Petroleum Exporting Countries (OPEC) says cooperation of the member countries of the Gas Exporting Countries Forum (GECF) is rising as the forums members is increasing.
TEHRAN (FNA)- National Petrochemical Company (NPC) has decided to hold off a number of its methanol and urea petrochemical projects for financing given the countrys excessive output of the items, a senior NPC official said.
Iran’s agriculture officials foresee no major wheat imports in the coming year because better rainfall so far this year is expected to boost domestic harvest.
Russia and Iran are in talks over deliveries of the Russian-made weaponry as Tehran is interested in Moscow’s entire range to replace its outdated military equipment, Vladimir Kozhin, Russian presidential aide on military-technical cooperation said Wednesday.
TEHRAN- Iran and the Netherlands inked a memorandum of understanding (MOU) on bilateral cooperation in different agricultural areas, according to the IRNA news agency.
TEHRAN – Tehran will host a seminar titled “Iran-Greece, Untapped Opportunities” on November 30, with the theme of exploring unused economic opportunities of the two countries.
Iran and Turkmenistan have decided to raise their annual trade to $60 billion over the next decade, President Hassan Rouhani says.
An Iranian official says 15 major international shipping lines have chosen the country’s southern Shahid Rajaei port as their port of call.
TEHRAN- The Statistical Center of Iran has announced that the inflation rate for the 12-month period ended in the last day of the eight Iranian calendar month of Aban (November 21) compared to the same period in the previous year hit 13.1 percent.
TEHRAN (FNA)- Secretary General of the Organization of Oil Exporting Countries (OPEC) Abdalla El-Badri said the Third Summit Meeting of the Gas Exporting Countries Forum held in Tehran on Monday was a success.
TEHRAN (FNA)- Islamic Republic of Iran plans to increase its share in global gas trade by launching five LNG factories over the next 3 years.
Iran and Russia have reached an agreement on expanding space research cooperation, says Russian Deputy Prime Minister Dmitry Rogozin.
Russian officials say the country is negotiating with Iran over the local production of the Sukhoi Superjet 100 (SSJ 100) airliner to replace the ageing Iranian fleet on regional routes.
Iran said on Thursday that the process to switch to national currencies in transactions between Moscow and Tehran may be completed very quickly.
TEHRAN – The Iranian Mines and Mining Industries Development and Renovation Organization, known as IMIDRO, says it has come to terms with some renowned European companies on implementing industrial projects, worth four billion euros.
TEHRAN– Three new entities have applied Iran’s Civil Aviation Organization (CAO) for license to start airlines, the secretary of Association of Iranian Airlines Maqsoud Asadi-Samani stated.
TEHRAN–The Greek Foreign Minister Nikos Kotzias would lead a 40-member economic delegation to Iran in late November, the Tasnim News Agency cited the report of Greek daily newspaper, Ekathimerini on Wednesday.
Russia has discussed financing two projects worth $2 billion in Iran, Russian Finance Minister Anton Siluanov says.
TEHRAN –Iranian state-run companies have transferred 3.011 trillion rials (over $83.871 million) worth of their shares to the private sector since the beginning of the current Iranian calendar year (March 21), the Tasnim News Agency reported on Monday.
Iran’s media said on Saturday that a new airline will become operational in the country by next April.
Iran’s economic growth will outperform most of the Middle East and North Africa (MENA) countries in 2016 when sanctions are lifted, a Washington-based finance industry body says.
Republican lawmakers in the US state of Wisconsin have introduced a bill that would prohibit business with Iran.
Russia said on Wednesday that it has prepared a series of agreements to promote cooperation with Iran in various areas.
Following the announcement that Russia has agreed to provide Iran with two loans collectively worth $7 billion, analysts say this is part of a new strategy that the two countries have adopted to protect against US-led sanctions in the future.
Iran announced on Thursday that it has stopped importing wheat because of high domestic production and that it even plans to export durum wheat by March 2016.
TEHRAN- Iran is planning to increase the number of its commercial attachés in African countries, Trade Promotion Organization of Iran’s Director Valiollah Afkhami-Rad stated.
TEHRAN – Iran and Russia held their 12th joint economic committee meeting in Moscow on Tuesday, discussing ways to give a boost to the bilateral trade.
A subsidiary of Turkish Airlines is in talks with Iranian companies to set up a maintenance, repair and overhaul center in the country, a news report says.
French Foreign Minister Laurent Fabius has urged the US to give concrete guarantees that it will not penalize European companies for trade with Iran after sanctions are lifted on Tehran.
Russia’s Sukhoi Civil Aircraft Company (SCAC) says it sees Iran as a potential customer with a big order for its Superjet 100 (SSJ 100) planes.
Lufthansa Technik, the maintenance division of the German flagship carrier, says it is in discussions with Iranian airlines to repair and overhaul their aging fleet.
Irans Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh in a directive to his deputies on Thursday ordered to implement a blockade on imports of consumer goods from the United States.
Following the closure of a copycat Kentucky Fried Chicken (KFC) restaurant in Iran by the police earlier this week, officials in Tehran say the use of American signs and symbols had prompted the decision.
Iran has announced that it has received a proposal from Italy over a major investment in its steel and aluminum production projects.
Iran announced on Wednesday that it has devised various mechanisms to attract investments for projects to revamp its transportation infrastructure.
Iran Khodro has decided to return to Syria and resume production of vehicles in the war-torn country, the leading Iranian automaker says.
An Agriculture Ministry official has denied that Iran had removed a ban on rice imports aimed at protecting domestic farmers during their harvest.
TEHRAN- Iran’s Management and Planning Organization Director Mohammad Baqer Nobakht announced that the country’s gross domestic product (GDP) grows one percent in the first half of the current Iranian calendar year (March 21-Septemebr 22), compared to the same period of time in the previous year.
TEHRAN – A trade delegation comprising 130 businessmen from Germany’s Bavaria state arrived in Iran on Saturday to explore investment opportunities.
PSA Peugeot Citroen, which faces a backlash from its abrupt pullout from Iran in 2012, appears to have coaxed Iran Khodro into reviving their historic partnership.
Iranian airlines have bought 13 narrow-body Boeing 737 aircraft in their latest move to rebuild the country’s commercial fleet, a news agency says.
Leaders of Iran’s key online retailer Digikala say they are not worried about competing with their global rivals once they set foot in the Iranian market.
Indias state-owned iron ore pellet producer Kudremukh Iron Ore Company Ltd (KIOCL) has announced that it is preparing to resume exports to Iran after a gap of 10 years.
TEHRAN- Tehran Stock Exchange (TSE) and Istanbul Stock Exchange, also known as Borsa istanbul, signed a memorandum of understanding (MOU) on bilateral cooperation, according to the Fars News Agency.
TEHRAN- Central Bank of Iran (CBI) has announced that the inflation rate for the 12-month period ended the seventh Iranian calendar month of Mehr (September 23-October 22) dropped to 14.8 percent compared to the same period of time last year.
Iran is pursuing ambitions plans to create a major free trade zone on its southwestern border areas with Iraq reminiscent of Jebel Ali, the hugely successful UAE trade hub that serves the Persian Gulf.
Head of Iran National Carpet Center (INCC) expects direct exports of Persian rugs to the US to resume early next year, returning the key producer of hand-knotted floor coverings to the market which has been overtaken by India.
Iran is in talks with six countries, including Brazil, for purchase of new commercial aircraft to renovate the country’s aviation fleet after the removal of sanctions, an official says.
Irans minister of economic affairs and finance says the Islamic Republic and Brazil have emphasized their firm resolve to increase the volume of bilateral trade to USD 5 billion a year.
SWIFT announced on Monday that most Iranian banks will be able to reconnect to its financial-transactions system, a key to rekindling foreign trade, as soon as the economic sanctions against the country are lifted.
Russian billionaire Mikhail Prokhorov’s Renaissance Capital says Iran’s banking looks more like an emerging market than a frontier market sector in terms of penetration of services.
The Persian Gulf region, the center of a high-rise building craze, could experience “intolerable” levels of heat in the decades ahead because of global warming, according to a scientific finding.
Iran will export wheat for the first time after wrapping up guaranteed purchases of the strategic crop from local farmers for the current harvest year, a senior official says.
Russia’s technology and internet company Yandex has reportedly denied plans to open an office in Iran.
Iranian officials said on Monday that the country plans to join an independent bank established by BRICS member states.
Turkish media reported on Thursday that Iran’s Oil Ministry has taken a legal action against a private airline company in Istanbul which is believed to belong to an Iranian billionaire who stands at the heart of a major graft case in Tehran.
Iran and Russia on Thursday signed an agreement to promote trade cooperation in the area of infrastructure projects.
Iran said on Thursday that it has devised a package of joint projects with Russia, adding that the total value of the projects stands at $25 billion to $30 billion.
Iran’s media reported on Wednesday that the country has started to issue 30-day visas for tourists from 58 countries upon arrival in its airports.
Officials in Tehran said on Wednesday that Russia has pledged to issue a credit line of $5 billion for joint projects with Iran.
Reports emerged on Wednesday that major Swedish enterprises are preparing to invest in the Iranian economy as soon as the sanctions against the country are lifted.
Officials in Tehran said on Wednesday that Microsoft as well as several other leading US tech enterprises are preparing to enter the Iranian market in the near future.
Iran said on Thursday that it plans to award a project worth $1.2 billion to Russia to establish an electric train service to connect the north to a key city east of capital Tehran.
Iran and Russia on Thursday agreed to establish a joint bank in a bid which is meant to facilitate financial transactions between the two countries.
A Russian agricultural official says Iran is ready to start shipping dairy products to his country as part of an agreement for sourcing food amid Moscow’s ban on such imports from Europe.
Iran will tender 15 mining projects for development within the next four months, rolling out its massive sector for international investment, Deputy Minister of Industry, Mines and Trade Mehdi Karbasian says.
US President Barack Obama has signed an order directing his administration to take steps toward lifting sanctions on Iran in accordance with a July nuclear accord.
Iranian experts are investigating to find out why a section of a Boeing 747’s engine broke off during flight on Thursday with more than 400 passengers on board.
Australia’s Qantas has announced that it will maintain flight plans over Iran despite moves by some carriers to change aviation paths in the wake of a warning by the European regulator about Russian missile activity.
Iran has tendered development of a new gold deposit in its northern Qazvin province which it seeks to develop with the participation of the private sector, the IRNA news agency says.