September 5, 2016

Iran, Russia to Ditch Dollar, Trade in National Currencies

The Central Bank of Russia said Tehran and Moscow have agreed to end the use of the US dollar in bilateral trade, switching to national currencies instead. Iran and Russia have signed an agreement whereby the two countries will switch to national currencies in their mutual trade, the Central Bank of Russia said in a […]
September 5, 2016

UK Upgrades Diplomatic Relations with Iran

The UK has appointed an Ambassador to the Islamic Republic of Iran for the first time since 2011. Nicholas Hopton, previously British Chargé d’affaires in Tehran, has been appointed Her Majesty’s Ambassador. This comes a year after the reopening of the Embassy in Tehran, and marks an important step forward in the two countries’ diplomatic […]
September 5, 2016

Tehran, Tokyo to Enhance Economic Cooperation

An Iranian deputy foreign minister stressed the need for closer business ties between Tehran and Tokyo, saying that the two countries have decided to boost their mutual economic cooperation following the removal of anti-Tehran sanctions. “We had a very good meeting today and mainly we talked about how to expand mutual relations and cooperation in […]
September 5, 2016

German Company to Develop Solar Plant in Iran

German company SOLARWATT GmbH, one of the pioneers of the solar industry, has plans to start projects in Iran by constructing a 30 megawatt solar power plant. Speaking to Tasnim, Abolfazl Mousavi Fazel, representative of SOLARWATT, said the company is applying for permission to build the plant as part of the German government’s plans for […]
September 5, 2016

3 Iranian Banks to Open Branches in Munich

The Minister for Economic Affairs, Media, Energy and Technology of Germany’s Bavaria State said three Iranian banks plan to open branches in Munich to help boost business ties with German firms. Ilse Aigner said Middle East Bank, Parsian Bank and Sina Bank have received approval from the Central Bank of Iran (CBI) to set up […]
September 5, 2016

SMEs can reconnect Iran-Germany economies: Bavarian minister 

TEHRAN – Small and medium-sized enterprises can reconnect economic links between Iran and Germany under the auspices of the two governments, the economic affairs, media, energy and technology minister of Germany’s Bavaria State, Ilse Aigner, said on Monday.
September 5, 2016

OPEC secretary general due in Tehran for talks on oil market

TEHRAN- Mohammed Sanusi Barkindo, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), is due to arrive in Tehran tonight to hold talks with Iranian Oil Minister Bijan Namdar Zanganeh on a number of issues including oil market condition, demand and supply, and oil freeze plan, Shana reported.
September 5, 2016

$2b needed per annum for Iran’s road maintenance

TEHRAN- Head of Iran Road Maintenance & Transportation Organization (RMTO) Davoud Keshavarzian said that $2 billion is required per year for the maintenance of Iranian rural and urban roads, IRNA reported on Monday.
September 5, 2016

Samsung Electronics Might Win Iran’s ICT Sector

Samsung Electronics might win Iran's ICT sector in the next two years. With the visit of the South Korean president to Iran in May and Iran's ICT Minister visiting Samsung's HQ last week, there is a big chance that Samsung will change its strategy toward Iran.

The post Samsung Electronics Might Win Iran’s ICT Sector appeared first on Techrasa.

September 5, 2016

Iran’s shrimp, caviar output anticipated to rise 50% by Mar. 2017

TEHRAN- Arsalan Qasemi, the managing director of Iran's Fisheries Union, announced that the country’s shrimp and caviar output is anticipated to rise 50 percent by the end of the current Iranian calendar Year (March 20, 2017), IRIB news reported.
September 5, 2016

Shafe’i elected new ICCIMA chairman

TEHRAN– Gholam-Hossein Shafe’i was elected as the new chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Sunday, IRIB news reported.
September 5, 2016

Kazakhstan to host Iran’s exclusive expo in Oct.

TEHRAN – Kazakhstan’s city of Shymkent will host an exclusive exhibition of Iranian industries from October 3 to 6, according to the website of Iran’s Trade Promotion Organization (TPO).
September 4, 2016

Iran ready to offer power plant construction, maintenance services to Algeria

TEHRAN – Iran’s Energy Minister Hamid Chitchian expressed the country’s readiness in offering power plant construction, maintenance and repair services to Algeria, IRNA reported.
September 4, 2016

Iran’s crude price up $1 in a week

TEHRAN – Iran’s light crude oil price increased by $1 per barrel in the week ended on August 26, Shana news agency reported on Saturday.
September 4, 2016

Iran ready to help restore oil market balance after it regains share: official

Iran is ready to support any decision to help restore balance to the oil market after it regains its pre-sanctions market share, the Iranian oil ministry's SHANA news agency reported on Saturday, quoting a minister.
September 4, 2016

Trade ties with Iran should be renewed: Lebanese minister

TEHRAN - Lebanese Minister of Industry Hussein al-Haj Hassan stressed that the trade relations between Iran and Lebanon which had been diminished due to the sanctions against the Islamic Republic should be renewed, IRNA reported on Friday.
September 4, 2016

Tehran hosting 4 international expos 

TEHRAN- The Iranian capital is simultaneously hosting four international exhibitions from September 3 to 6 at the Tehran Permanente International Fairground, IRNA reported on Saturday.
September 3, 2016

Picture of the day

Iranian Oil Minister Bijan Namdar Zanganeh (L) and Deputy Oil Minister for International Affairs and Trading Amirhossein Zamaninia (R) met with Algerian Energy Minister Noureddine Bouterfa (C) in Tehran on Saturday. (Reza Rostami/SHANA)
September 3, 2016

Drilling 20 new wells in South Azadegan oilfield to go on tender

TEHRAN – Drilling of 20 more wells in Iran’s South Azadegan oilfield will go on tender soon, Mahmoud Marashi, the operator of the project for development of the oilfield, was quoted by Shana as saying on Friday.
September 3, 2016

Sanctions removal offers huge untapped potential for Denmark–Iran trade: Danny Annan

Lifting of sanctions has created a huge untapped potential for trade between Denmark and Iran, Danish Ambassador to Tehran Danny Annan told the Tehran Times in an exclusive interview on Tuesday.