October 5, 2016

Iran-Japan joint chamber of commerce being formed

TEHRAN- The first steps to establish Iran-Japan joint chamber of commerce are being taken due to ratification of the Iranian Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Shana news agency reported on Wednesday.
October 5, 2016

Iran to become Peugeot’s top supplier in region: chairman

TEHRAN-“Iran will become Peugeot’s top supplier in the Middle East and North Africa,” the chairman of the managing board of PSA Peugeot Citroën, Carlos Tavares, said during his visit to Iran Khodro Company (IKCO) on Wednesday, IRNA reported.
October 5, 2016

Siemens says to focus on infrastructure projects in Iran 

I had a chance as the first Iranian journalist to visit the new headquarters of Siemens in Munich.
October 4, 2016

Economic Conditions Improving in Iran: IMF

A recent report by the International Monetary Fund (IMF) said there are signs of economic growth in Iran following the implementation of the Joint Comprehensive Plan of Action (JCPOA) between Tehran and world powers. “Real GDP rebounded strongly over the first half of the year as sanctions eased post-JCPOA implementation. Oil production and exports rebounded […]
October 4, 2016

Iranian FM’s Meeting with German Vice-Chancellor Cancelled

After a controversy about comments on Iran by Germany’s vice-chancellor and minister of economy, who is now in Tehran, his planned meeting with Iranian Foreign Minister Mohammad Javad Zarif was cancelled on Tuesday. Sigmar Gabriel had been also scheduled to hold talks with Iranian Parliament Speaker Ali Larijani earlier in the day, but that meeting […]
October 4, 2016

Iran Favours Visa-Free Regime with Iraq

An Iranian deputy foreign minister expressed Tehran’s willingness to ease visa requirements for incoming tourists from Iraq if Baghdad’s government would agree to do so for Iranians traveling to the Arab country. “I have announced in my latest consular trip (to Iraq) that we are willing to remove the visa requirements or take any measure […]
October 4, 2016

Germany Open for More Trade with Iran

Germany’s vice-chancellor and economy minister expressed Berlin’s readiness to make more commitments in its trade interaction with Tehran in order to assure Iran’s market that German businesses are not only after making profit. German companies are not in Iran just to earn a profit and return home, Sigmar Gabriel, who is in Iran with a […]
October 4, 2016

Iran talks with Siemens for Train Car Production

Iran’s private sector has begun negotiations with Siemens engineering company in Austria for manufacturing train cars inside Iran, an official said. Iran has the capacity for local production of train cars, Deputy Industry Minister Mojtaba Khosrotaj told Tasnim on Saturday, when asked about the latest status of car imports from Russia. There are grounds for […]
October 4, 2016

Iran’s Woodex 2017 to host renowned Asian, European companies

TEHRAN – The eighth edition of Iran’s International Exhibition of Accessories & Furniture Machinery, Equipment & Related Industries (Woodex 2017) is scheduled for February 6-9, 2017, the official website of Iran’s Trade Promotion Organization (TPO) announced.
October 4, 2016

Russians welcome Iranian household products

TEHRAN – According to the official website of Iran’s Trade Promotion Organization (TPO), Russian visitors welcomed Iranian household and kitchen products during the Russia’s international specialized exhibition of tableware, gifts, housewares and interior (Household Expo 2016).
October 4, 2016

Tehran to host Armenia’s 1st exclusive trade exhibition

TEHRAN- The first exclusive trade exhibition of Armenia in Iran will open tomorrow at the Tehran Permanent International Fairgrounds, the official website of Iran’s Trade Promotion Organization (TPO) announced.
October 4, 2016

Iran accounts for 13% of Middle East’s oil products exports

TEHRAN - Abbas Kazemi, the managing director of National Iranian Oil Refining and Distribution Company (NIORDC), announced on Monday that Iran holds 13 percent of the total share of oil products exports from the Middle East.
October 4, 2016

Iran oil exports hit pre-sanctions high on run-up in condensate shipments

Iran's total crude oil and condensate sales likely reached around 2.8 million barrels per day in September, two sources with knowledge of the matter said, nearly matching a 2011 peak in shipments before sanctions were imposed on the OPEC producer.
October 4, 2016

Iran’s economy improving ‘substantially’ in 2016/17: IMF

TEHRAN- The International Monetary Fund (IMF) released a statement on Monday saying that economic conditions are improving substantially in Iran in 2016/2017 and real GDP rebounded strongly over the first half of the year as sanctions eased after the implementation of Joint Comprehensive Plan of Action (JCPOA).
October 4, 2016

Iran’s crude oil price up 13 cents in a week

TEHRAN- Iran sold light crude oil at $42.28 per barrel in the week ended on September 23, a 13-cent rise from its previous week, according to the Shana news agency.
October 4, 2016

Iran, Mexico discuss cooperation on agro-studies

TEHRAN- Head of Iran’s Agricultural Research, Education and Extension Organization (AREEO) in a meeting with the Mexican minister of agriculture, livestock, rural development, fisheries and food explored avenues of expansion of cooperation on agricultural studies, IRIB news reported on Monday.
October 4, 2016

Iranian cabinet ratifies Chabahar Treaty

TEHRAN- As Shana news agency reported on Monday, the Iranian cabinet approved Iran, India, Afghanistan trilateral transit pact (Known as Chabahar Treaty) in its Sunday meeting.
October 3, 2016

Tehran, Berlin set to broaden economic ties

TEHRAN – Iran and Germany signed 10 memoranda of Understanding (MOU) at the end of their 5th Joint Economic Committee meeting in Tehran on Monday.
October 3, 2016

Iran to sign first new oil contracts with domestic firm: report

The National Iranian Oil Company (NIOC) will sign the first of its new oil and gas contracts (IPCs) with a domestic firm on Tuesday, the managing director of the state-run company was quoted as saying by Fars news agency on Monday.
October 3, 2016

Siemens to supply 50 diesel-electric locomotives to Iran

FRANKFURT (Reuters) - Siemens on Monday said it had signed a contract to supply components for 50 diesel-electric locomotives to Iran, further strengthening its business ties with the country.