April 21, 2017

Iran’s current account surplus jumps in 2016: World Bank

TEHRAN- The World Bank in its recent report of Middle East and North Africa region (MENA) announced that Iran’s current account surplus rose to 6.5 percent of gross domestic product (GDP) in 2016 from 2.7 percent in 2015.
April 21, 2017

Italy determined in energy investment in southern Iran

TEHRAN – Italian companies are decisive to invest in renewable energy projects in southern Iran, IRNA reported quoting an Italian official as saying.
April 21, 2017

Italian firms determined to invest in Iran’s renewables

TEHRAN – Italian companies are decisive to invest in renewable energy projects in southern Iran, IRNA reported quoting an Italian official as saying.
April 20, 2017

New Iranian Ambassador calls for Strong Iraq

By John Lee. Iraq‘s Minister of Foreign Affairs, Dr Ibrahim Al-Jaafari, has received a copy of the credentials of the new Iranian Ambassador to Baghdad, Iraj Masjedi. The new Ambassador described the two countries as “friends and brothers“, adding, “we should do our best to improve ties between the two countries.” “Iran wants an advanced, […]
April 20, 2017

US “Biggest Importer” of Hand-Woven Carpets from Iran

The head of the Iran National Carpet Center (INCC) announced that over the past Iranian year (which ended on March 20), the US has imported the biggest amount of hand-woven carpets from the Islamic Republic. “Over the past year, about $350 million worth of Iranian hand-woven carpets have been exported to various countries,” Hamid Kargar […]
April 20, 2017

Iran Seeking Free Trade with Pakistan

Iran’s interior minister stressed the need for achieving a free trade pact with Pakistan, saying closer economic ties between the two neighbors will contribute to sustainable security along the common border. Speaking to reporters on the sidelines of a meeting of Iran-Pakistan economic cooperation in Tehran on Monday, Abdolreza Rahmani Fazli said a target of […]
April 20, 2017

Lufthansa in talks with Iran Air over catering, maintenance deals

Lufthansa is in talks with Iran Air over providing catering, maintenance and pilot training services as it seeks to take advantage of new business opportunities in the country, executives from the German carrier said on Wednesday.
April 20, 2017

Iran inks MOU with major Portuguese insurer co.

TEHRAN- Export Guarantee Fund of Iran (EGFI), signed a cooperation MOU with Companhia de Seguro de Créditos S.A. (COSEC), the leading insurer in Portugal for credit and bond insurance, Tasnim news agency reported on Wednesday.
April 20, 2017

Tehran, Helsinki sign MOU on customs co-op

TEHRAN- Head of Islamic Republic of Iran's Customs Administration (IRICA) Masoud Karbasian and Director General of Finnish Customs Antti Hartikainen signed an MOU on customs cooperation in Helsinki, IRNA reported on Wednesday.
April 20, 2017

IMF sees Iran’s GDP growth at 3.3% in 2017

TEHRAN - The International Monetary Fund (IMF) in its latest World Economic Outlook titled “Gaining Momentum?” predicted a 3.3 percent real GDP growth for the Islamic Republic of Iran in 2017.
April 20, 2017

Value of Iran’s foodstuff exports up 8% yr/yr

TEHRAN- Iran’s exports of foodstuffs during the last Iranian calendar year (ended on March 20, 2017) stood at $2.77 billion to register an 8 percent rise compared to the preceding year, Trade Promotion Organization of Iran (TPO) announced.
April 19, 2017

Samsung & Amirkabir University Launched Their Tech Center in Tehran

Samsung, the Korean electronic giant has joined Amir Kabir University of Technology and launched Samsung-AUT Tech center in Tehran.

The post Samsung & Amirkabir University Launched Their Tech Center in Tehran appeared first on TechRasa.

April 19, 2017

Iran-EU trade up 171% in Jan.

TEHRAN - The European Union’s trade with Iran amounted to €1.55 billion in January 2017, a 171 percent rise compared to the first month of 2016, based on the latest figures released by the European Union’s statistics agency Eurostat.
April 19, 2017

Iran Air opens a new chapter in its history with ATR

The contract with Iran Air enables ATR to welcome a new operator and introduce the most modern version of its aircraft in a market poised for significant growth, the official website of ATR announced on Wednesday.
April 19, 2017

IPF to bring world of petrochemicals together

TEHRAN- The 13th edition of Iran Petrochemical Forum (IPF) will play host to 101 participants, representing 74 foreign companies from 18 countries.
April 19, 2017

Trump Orders Review of Iran Nuclear Deal

By John Lee. US President Donald Trump has directed a National Security Council-led interagency review of the Joint Comprehensive Plan of Action (JCPOA). The US Department of State confirmed that, while Iran is compliant with its commitments under the Joint Comprehensive Plan of Action (JCPOA), Secretary Rex Tillerson has raised concerns about Iran’s role as […]
April 19, 2017

UK Considers $600bn Opportunities in Iran

By John Lee. The Telegraph reports that British firms are “cautiously eying” opportunities in Iran, ahead of an expected $600-billion boom in trade and infrastructure investment by 2027. Amanda Clack, head of Infrastructure and consultancy EY, is quoted as saying: “Is there an opportunity here for UK business? Of course there is … Deliverability is […]
April 19, 2017

Tehran-Moscow Trade to Reach $10bn

Alexander Maksimov, the representative of the Russian Chamber of Commerce and Industry in Iran, said the volume of trade between Tehran and Moscow is expected to reach $10 billion in the near future. “We think the increase in trade is connected with the improvement in bilateral relations between our countries and the growing interest from […]
April 19, 2017

Pratt & Whitney to supply Engines for Iran Plane Deal

By John Lee. US-based Pratt & Whitney, a subsidiary of United Technologies (UTC), is to supply engines for the passenger planes sold by ATR to Iran Air, according to report from Hartford Business. An ATR spokesman said the deal is for the 20 ATR 72-600s, a twin-propeller aircraft, and said Iran Air had an option to […]
April 19, 2017

Iran, Pakistan Sign Banking Agreement to Facilitate Trade

The Central Bank of Iran (CBI) and the State Bank of Pakistan (SBP) signed a Banking and Payment Arrangement (BPA) to streamline trade transactions between the two nations. “The objective of this BPA is to provide a trade settlement mechanism to promote trade between Pakistan and Iran,” SBP said in a statement on Friday, DAWN […]